RSM US in India Interview Questions, Process, and Tips

Balance sheet and general knowledge

Q1. Balance sheet items
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Q2. Accrued items meanings of balance sheet
Ans. 
Accrued items on the balance sheet refer to expenses that have been incurred but not yet paid.
• Accrued items are liabilities that represent expenses that have been recognized but not yet paid.

• They are recorded on the balance sheet as a current liability.

• Examples include accrued salaries, accrued interest, and accrued taxes.

• Accrued items are typically adjusted at the end of an accounting period to reflect the accurate fi
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