Nexdigm Interview Questions, Process, and Tips for Freshers

I am a legal assistant with a strong background in corporate law and a passion for supporting legal teams.

• I have a Bachelor's degree in Law and have completed internships at corporate law firms, where I gained hands-on experience in drafting legal documents and conducting legal research.

• I have a proven track record of providing administrative support to legal teams, managing calendars, scheduling meetings, and organizi...read more

I have a diverse background in legal support roles and a strong understanding of legal procedures and documentation.

• I have worked as a legal assistant for XYZ Law Firm for the past three years, where I provided comprehensive administrative support to attorneys and paralegals.

• I am proficient in drafting legal documents, conducting legal research, and managing case files.

• I have experience in organizing and maintaining le...read more

I am a motivated HR intern with a passion for learning and contributing to a positive work environment.

• Currently pursuing a degree in Human Resources

• Completed relevant coursework in recruitment and employee relations

• Previous internship experience in a corporate HR department

• Strong communication and organizational skills

• Passionate about fostering a diverse and inclusive workplace

Accounts receivable refers to the money owed to a company by its customers for goods or services provided on credit.

• Accounts receivable is an asset on a company's balance sheet.

• It represents the amount of money that customers owe to the company.

• It is created when a company sells goods or services on credit terms.

• Accounts receivable is typically collected within a specified period, known as the credit period.

• Companies o...read more

The process of accounts receivables involves managing and tracking the money owed to a company by its customers.

• Accounts receivables refer to the outstanding payments that a company is yet to receive from its customers.

• The process starts with generating and sending invoices to customers for the goods or services provided.

• Once the invoices are sent, the company tracks the payments and follows up with customers for any o...read more

Journal entries of purchase return

• When goods are returned to the supplier, a purchase return journal entry is made

• The accounts affected are Accounts Payable and Purchase Returns

• The purchase return is recorded as a debit to Purchase Returns and a credit to Accounts Payable

• Example: If goods worth $500 are returned to the supplier, the journal entry would be: Debit Purchase Returns $500, Credit Accounts Payable $500

Accounts payable and receivables are both financial transactions, but they differ in terms of direction and purpose.

• Accounts payable refers to the money a company owes to its suppliers or vendors for goods or services received.

• Accounts receivable refers to the money owed to a company by its customers or clients for goods or services provided.

• Accounts payable represents a liability for the company, while accounts receiv...read more