RASI SEEDS 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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Accounts Payable related questions, Aptitude and Communication email writting

Q1. End to end Accounts Payable activities, how you will deal wiyh customers. Open items, GRIR analysis and KPI
Ans. 
I will handle end to end Accounts Payable activities by effectively communicating with customers, conducting GRIR analysis, and monitoring KPIs.
• Communicate with customers to resolve any issues or discrepancies in invoices or payments

• Conduct regular GRIR (Goods Receipt/Invoice Receipt) analysis to ensure accuracy of accounts payable balances

• Monitor key performance indicators (KPIs) such as invoice processing time, payme...read more
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Q1. Salary discussion with HR, You should be cautious offer letter read properly.
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