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Online vs offline education which is better
Managing finance involves budgeting, tracking expenses, saving, investing, and minimizing debt.
Create a budget to track income and expenses
Track expenses regularly to identify areas for saving
Save a portion of income for emergencies and future goals
Invest wisely to grow wealth over time
Minimize debt by paying off high-interest loans first
Accounting focuses on recording and reporting financial transactions, while finance deals with managing and investing money.
Accounting involves preparing financial statements, recording transactions, and ensuring compliance with regulations.
Finance involves managing assets, liabilities, investments, and financial planning.
Accounting is more focused on historical data, while finance looks towards the future.
Examples: Ac...
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posted on 18 May 2024
I applied via Indeed and was interviewed before May 2023. There were 3 interview rounds.
I have over 7 years of experience as a Senior Accountant in various industries.
Managed financial reporting and analysis for multiple clients
Led budgeting and forecasting processes
Implemented cost-saving initiatives resulting in 10% reduction in expenses
Supervised a team of junior accountants
Ensured compliance with GAAP and regulatory requirements
I applied via LinkedIn and was interviewed in May 2022. There was 1 interview round.
Bad debt is an amount owed by a debtor that is unlikely to be paid and is considered a loss for the creditor.
Bad debt is a debt that is uncollectible and cannot be recovered.
It is usually the result of a debtor's financial difficulties or bankruptcy.
Bad debt is written off as an expense on the creditor's income statement.
Examples of bad debt include unpaid credit card bills, defaulted loans, and unpaid invoices.
It is i...
Taxable value of a bike purchased for Rs. 25000 with 12.5% GST.
The taxable value is the cost of the bike minus the GST amount.
GST value is calculated by multiplying the taxable value with the GST rate.
Taxable value = Rs. 25000 / (1 + 12.5/100) = Rs. 22222.22
GST value = Rs. 25000 - Rs. 22222.22 = Rs. 2777.78
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