Poonawalla Finance Credit Officer Interview Questions, Process, and Tips

Types of liability include current liabilities, long-term liabilities, contingent liabilities, and deferred liabilities.

• Current liabilities are debts due within one year, such as accounts payable and short-term loans.

• Long-term liabilities are debts due in more than one year, such as bonds payable and long-term loans.

• Contingent liabilities are potential liabilities that depend on a future event, such as warranties and l...read more

Assets can be classified into tangible and intangible assets.

• Tangible assets include physical items like property, equipment, and inventory.

• Intangible assets include intellectual property, patents, trademarks, and goodwill.

Gross profit is total revenue minus cost of goods sold, while net profit is gross profit minus operating expenses and taxes.

• Gross profit = Total revenue - Cost of goods sold

• Net profit = Gross profit - Operating expenses - Taxes

• Gross profit is the amount of money a company makes from selling goods or services before deducting expenses

• Net profit is the amount of money a company has left after deducting all expenses from

Advance excel formula refers to complex functions and calculations used in Excel to manipulate data.

• Advanced excel formulas include VLOOKUP, INDEX-MATCH, SUMIFS, COUNTIFS, etc.

• These formulas are used to perform complex calculations, lookups, and data analysis.

• For example, VLOOKUP is used to search for a value in a table and return a corresponding value from another column.