Rayat Shikshan Sanstha Interview Questions, Process, and Tips

Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.

• Accounting involves the systematic recording of financial transactions.

• It classifies and summarizes financial data to provide useful information for decision-making.

• It helps in measuring the financial performance of a business.

• Examples of accounting include prepa...read more

Money market deals with short-term debt securities while capital market deals with long-term securities.

• Money market deals with short-term debt securities while capital market deals with long-term securities.

• Money market is used for borrowing and lending for a short period of time, usually less than a year, while capital market is used for long-term borrowing and lending, usually more than a year.

• Money market securitie...read more

Bank reconciliation statement is a document that compares the bank statement with the company's accounting records.

• It helps to identify any discrepancies between the two records.

• It includes adjustments for items such as outstanding checks, bank fees, and interest earned.

• The final balance on the bank reconciliation statement should match the balance in the company's accounting records.

• It is an important tool for ensurin...read more

Commercial paper is an unsecured, short-term debt instrument issued by corporations.

• Commercial paper is a type of promissory note that is issued by corporations to raise short-term funds.

• It is typically issued for a period of 1 to 270 days.

• Commercial paper is usually sold at a discount to face value and does not require collateral.

• It is a popular source of short-term financing for corporations with high credit ratings.

• ...read more