Nunhems India Interview Questions and Answers

Q1. What is depreciation
Ans. 
Depreciation is the allocation of the cost of a tangible asset over its useful life.
• Depreciation is a non-cash expense that reduces the value of an asset over time.

• It reflects the wear and tear, obsolescence, or decrease in value of the asset.

• Common methods of calculating depreciation include straight-line, double declining balance, and units of production.

• Example: A company purchases a delivery truck for $50,000 with ...read more
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Q2. What is accrual
Ans. 
Accrual refers to the recognition of revenues and expenses when they are incurred, regardless of when cash is exchanged.
• Accrual accounting matches revenues with expenses in the same accounting period, even if cash has not been exchanged.

• Accruals are used to provide a more accurate representation of a company's financial position and performance.

• Examples of accruals include accounts receivable, accounts payable, and acc
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Includes a few hands on question on javascript and few technical

They had 45 min coding test on coderpad, and a LLD question for next 45 mins. Coding round was easy with basic arrays, and strings questions

Q1. Brief discussion on HLD and LLD
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45 mins, accounting concepts

Q1. What is equity, debenture
Ans. 
Equity represents ownership in a company, while debenture is a type of debt instrument issued by a company.
• Equity represents ownership in a company and gives shareholders voting rights and a share in profits.

• Debenture is a type of debt instrument issued by a company, typically with a fixed interest rate and maturity date.

• Equity holders are considered residual claimants, meaning they are paid after debenture holders in
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Q2. TDS, GST, GST rates, Bad debts
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