NLC India Limited Financial Analyst Interview Questions and Answers

Financial accounting

Q1. Finance related
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Q2. Introduction about myself
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Q3. Golden rules of accounting
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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit what comes in, Credit what goes out, Debit the receiver, Credit the giver, Debit expenses and losses, Credit income and gains.

• These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity.

• For example, when a company receives cash f...read more
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Q4. Procedures of tb
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Q5. Methods of accounting
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Methods of accounting refer to the different ways in which financial transactions are recorded and reported.
• There are two main methods of accounting: cash basis and accrual basis.

• Cash basis accounting records transactions when cash is exchanged, while accrual basis accounting records transactions when they occur.

• Other methods include hybrid methods like modified cash basis and tax basis accounting.

• Accounting standards ...read more
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