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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...
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I applied via Campus Placement and was interviewed before May 2021. There were 2 interview rounds.
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
Classification of accounting includes financial accounting, management accounting, tax accounting, and auditing.
Financial accounting involves recording and reporting financial transactions for external stakeholders.
Management accounting involves providing financi...
Yes, there are several advantages of being an accountant.
Stable and in-demand career
Opportunities for growth and advancement
Ability to work in various industries
High earning potential
Opportunity to work independently or as part of a team
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I applied via Company Website and was interviewed in Oct 2020. There were 4 interview rounds.
I applied via Recruitment Consultant and was interviewed before Jun 2020. There were 6 interview rounds.
I applied via Naukri.com and was interviewed before Jul 2020. There was 1 interview round.
I applied via Campus Placement and was interviewed before Dec 2019. There was 1 interview round.
I applied via Referral and was interviewed in Jun 2018. There were 6 interview rounds.
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