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I applied via Apna Jobs and was interviewed before Apr 2023. There was 1 interview round.
Sales entry is the recording of a sale transaction in the accounting system.
Sales entry includes debiting accounts receivable or cash and crediting sales revenue.
It is important to accurately record sales entries to track revenue and expenses.
Example: Sales entry for $1,000 sale - Debit Accounts Receivable $1,000, Credit Sales Revenue $1,000.
Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
It is used to identify any discrepancies between the two sets of records
It helps in ensuring the accuracy of the financial transactions
Common items on a bank reconciliation statement include outstanding checks, deposits in transit, bank errors, and service charges
The goal is to reconcile the endi...
Purchase entry is the recording of a transaction involving the purchase of goods or services by a company.
Purchase entry includes details such as the date of purchase, vendor name, invoice number, quantity purchased, unit price, and total amount.
It is recorded in the company's accounting system to track expenses and maintain accurate financial records.
Example: On January 15, XYZ Company purchased 100 units of inventory...
Debtors outstanding can be found by reviewing accounts receivable aging reports and contacting customers for payment.
Review accounts receivable aging reports to identify overdue invoices
Contact customers via phone or email to remind them of outstanding payments
Track communication with debtors and follow up regularly
Utilize accounting software to generate reports and track outstanding balances
Inter company transactions are financial activities that occur between two entities within the same organization.
Inter company transactions involve the transfer of goods, services, or money between different departments or subsidiaries of the same company.
These transactions are recorded in the books of accounts of both entities involved.
Common examples include inter company sales, inter company loans, and inter company...
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I applied via LinkedIn and was interviewed in Aug 2024. There were 3 interview rounds.
Accounting basic and advance questions
I am a detail-oriented accountant with 5 years of experience in financial reporting and analysis.
I have a Bachelor's degree in Accounting from XYZ University.
I am proficient in using accounting software such as QuickBooks and SAP.
I have experience preparing financial statements, analyzing budgets, and conducting audits.
I am a Certified Public Accountant (CPA) and stay updated on the latest accounting regulations.
I have...
Accounting in Tally involves recording financial transactions, generating reports, and managing accounts.
Recording financial transactions such as sales, purchases, payments, and receipts
Generating financial statements like balance sheet, profit and loss statement
Managing accounts receivable and accounts payable
Creating and maintaining ledgers for different accounts
Reconciling bank statements with Tally entries
Generatin...
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
Accounts payable is a liability on the balance sheet
It represents the amount owed by the company to its creditors
It is typically recorded when goods or services are received but payment has not yet been made
Examples include invoices from suppliers for inventory purchases or services rendered
I applied via Recruitment Consulltant and was interviewed before Feb 2021. There were 2 interview rounds.
My family background is diverse and has influenced my values and work ethic.
My parents are both accountants and have instilled in me a strong sense of financial responsibility.
I come from a multicultural family, which has taught me to appreciate different perspectives and adaptability.
Growing up, I witnessed my grandparents successfully running their own businesses, which inspired my interest in accounting.
My siblings ...
I have a strong background in accounting and a proven track record of delivering accurate and timely financial information.
I have a Bachelor's degree in Accounting and I am a Certified Public Accountant (CPA).
I have 5 years of experience working as an accountant in a reputable firm.
I am highly skilled in financial analysis, budgeting, and forecasting.
I have a keen attention to detail and a strong ability to identify an...
I handle my mood swings by practicing self-care and stress management techniques.
I prioritize self-care activities such as exercise, meditation, and hobbies.
I practice stress management techniques like deep breathing and positive self-talk.
I seek support from friends, family, or a therapist when needed.
I maintain a healthy work-life balance to prevent excessive stress.
I try to identify triggers and develop coping strat
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