RM Education Solutions Assistant Manager Interview Questions and Answers

I am seeking new challenges and opportunities for growth in my career.

• Seeking new challenges and opportunities for growth

• Desire for career advancement

• Looking for a more dynamic work environment

Accrual is an accounting method that recognizes revenues and expenses when they are incurred, regardless of when cash is exchanged.

• Accrual accounting matches revenues with expenses in the same accounting period

• It provides a more accurate picture of a company's financial position

• Examples include recognizing revenue when a sale is made, even if cash hasn't been received yet

Deferred revenue is income received by a company in advance of earning it, resulting in a liability on the balance sheet.

• Deferred revenue is also known as unearned revenue.

• It is common in industries like software, subscription services, and prepaid memberships.

• The revenue is recognized on the income statement as it is earned over time.

• Examples include annual software subscriptions paid upfront and gift cards sold but n