Reliance Fresh Account Assistant Interview Questions and Answers

Golden rules of accounting are basic principles that guide the process of recording financial transactions.

• There are three golden rules of accounting: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• These rules help maintain the balance in accounting records and ensure accuracy in financial reporting.

• For example, when a company receives...read more

Bachelor's degree in Accounting with a GPA of 3.8

• Bachelor's degree in Accounting

• GPA of 3.8

• Completed relevant coursework in financial accounting, auditing, and taxation

• Received Dean's List honors for academic achievement

General Accepted Accounting Principle refers to a common set of accounting standards and procedures used in the preparation of financial statements.

• GAAP ensures consistency and comparability in financial reporting

• GAAP includes principles such as the cost principle, revenue recognition principle, and matching principle

• GAAP is important for investors, creditors, and other stakeholders to make informed decisions based on