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I applied via Naukri.com and was interviewed in Feb 2023. There were 3 interview rounds.
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Discussion about accounts
I applied via Naukri.com and was interviewed in Oct 2023. There were 2 interview rounds.
Bank reconciliation is the process of comparing and matching the balances in a company's accounting records with the balances on its bank statement.
Bank reconciliation helps ensure the accuracy of a company's financial records.
It involves comparing the transactions recorded in the company's books with those in the bank statement.
Any discrepancies between the two balances are identified and resolved.
Common reasons for d...
Numerical Reasoning.
Verbal Reasoning.
Inductive Reasoning.
Diagrammatic Reasoning.
Logical Reasoning.
Mechanical Reasoning.
Situational Judgement.
Deductive reasoning.
More items...•14-Sept-2022
For have core knowledge and strong analytical and problem solving skills
I applied via Campus Placement
The basic concept in accounting is the double-entry system, which involves recording every transaction in two accounts: debit and credit.
Double-entry system is the foundation of accounting
Every transaction is recorded in two accounts: debit and credit
Debit refers to the left side of an account and credit refers to the right side
Debit and credit must always balance
Examples: recording a sale, paying rent, receiving payme
Accrual concept is a method of accounting where revenues and expenses are recognized when earned or incurred, regardless of when payment is received or made.
Revenue is recognized when it is earned, not when payment is received
Expenses are recognized when they are incurred, not when payment is made
Accrual accounting provides a more accurate picture of a company's financial health
Example: A company provides services to a...
The three golden rules of accounting are the basis of recording financial transactions accurately.
The first rule is the Personal Account, which deals with transactions related to individuals or organizations.
The second rule is the Real Account, which deals with transactions related to assets, liabilities, and capital.
The third rule is the Nominal Account, which deals with transactions related to expenses, incomes, gain...
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I applied via Approached by Company and was interviewed before Apr 2022. There were 3 interview rounds.
Accounting related questions, financial statements and p and l Ifrs
Accountancy is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
It involves keeping track of financial transactions such as sales, purchases, and payments
It includes preparing financial statements such as balance sheets and income statements
It helps businesses make informed decisions based on financial data
Examples of accoun...
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.
It shows the company's assets, liabilities, and shareholders' equity.
Assets include cash, accounts receivable, inventory, and property.
Liabilities include loans, accounts payable, and accrued expenses.
Shareholders' equity represents the company's net worth.
The balance sheet follows the formula...
Assets and liabilities are recorded in the books of accounts to track the financial position of a company.
Assets are resources owned by a company that have economic value, such as cash, inventory, or property.
Liabilities are obligations or debts that a company owes to external parties, such as loans or accounts payable.
Recording assets and liabilities helps in determining the financial health and net worth of a company...
Accounts to be maintained in accounts include cash, accounts receivable, accounts payable, inventory, and fixed assets.
Cash account for recording all cash transactions
Accounts receivable for recording money owed to the company by customers
Accounts payable for recording money owed by the company to suppliers
Inventory for recording the value of goods held for sale
Fixed assets for recording long-term assets such as proper
Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence or other factors.
Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.
It is calculated based on the useful life of the asset and the method of depreciation chosen.
Examples of assets that can be depreciated include buildings, vehicles, machinery, and equipment.
Depreciation can be straight-...
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