Ramee Group of Hotels Financial Controller Interview Questions and Answers

Basic of accounting is to record financial transactions and prepare financial statements.

• Accounting is the process of recording, classifying, and summarizing financial transactions.

• The basic accounting equation is Assets = Liabilities + Equity.

• Journal entries of GST and TDS are recorded to account for taxes paid and collected.

• For example, a journal entry for GST paid would be Debit GST Paid and Credit Bank Account.

• Simi...read more