Rural Development Trust Assistant Manager Interview Questions and Answers

Q1. WHAT IS THE PROFIT & LOSS ACCOUNT
Ans. 
Profit & Loss Account is a financial statement that shows a company's revenues, expenses, and net income or loss over a specific period.
• It is also known as an income statement.

• It shows the company's financial performance over a specific period.

• The top line of the statement shows the company's revenue, followed by expenses and then net income or loss.

• It helps in analyzing the company's profitability and financial health...read more
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Q1. Creation WBS Elements
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Q2. Creation Of Internal order
Ans. 
Creation of internal order is a process of allocating costs to a specific project or department.
• Internal orders are used to track costs for a specific purpose or project

• They are created in SAP or other accounting software

• They can be used to track costs for a specific department, event, or project

• Internal orders can be used to monitor budget and actual costs

• They are useful for cost control and analysis
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