Outbooks Outsourcing Interview Questions and Answers

I have 8 years of experience in HR recruitment.

• 8 years of experience in HR recruitment

• Strong understanding of recruitment processes

• Experience in sourcing, screening, and interviewing candidates

• Knowledge of HR policies and procedures

• Proven track record of successful placements

Depreciation is the systematic allocation of the cost of an asset over its useful life, reflecting wear and tear.

• Straight-Line Depreciation: Equal expense each year (e.g., a $10,000 asset over 5 years = $2,000/year).

• Declining Balance Depreciation: Higher expense in early years (e.g., 200% declining balance on a $10,000 asset).

• Units of Production Depreciation: Based on usage (e.g., a machine that produces 10,000 units o...read more

Pre-paid expense journal entry involves recording an expense that has been paid for in advance.

• Pre-paid expenses are initially recorded as assets on the balance sheet

• As the expense is incurred, it is gradually expensed through the income statement

• Journal entry involves debiting Prepaid Expense account and crediting Cash or Bank account