Rayat Shikshan Sanstha Assistant Professor 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