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I applied via Recruitment Consulltant and was interviewed before May 2023. There was 1 interview round.
Journal entry for credit sale involves debiting accounts receivable and crediting sales revenue.
Debit accounts receivable to increase the amount owed by customers
Credit sales revenue to record the revenue earned from the sale
Example: Debit Accounts Receivable $1,000, Credit Sales Revenue $1,000
Credit period is the duration for which a buyer is allowed to pay for goods or services purchased on credit.
Credit period is the time frame within which a buyer must settle their outstanding balance with the seller.
It is agreed upon by both parties and typically ranges from 30 to 90 days.
Extending credit period can be a strategy to attract more customers or maintain good relationships with existing ones.
I applied via Naukri.com and was interviewed in Jul 2021. There was 1 interview round.
I applied via Campus Placement and was interviewed before May 2021. There were 2 interview rounds.
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
Classification of accounting includes financial accounting, management accounting, tax accounting, and auditing.
Financial accounting involves recording and reporting financial transactions for external stakeholders.
Management accounting involves providing financi...
I applied via Walk-in and was interviewed in Dec 2020. There were 3 interview rounds.
The fixed asset cycle refers to the process of acquiring, using, maintaining, and disposing of fixed assets.
Acquiring fixed assets through purchase or construction
Using fixed assets in business operations
Maintaining fixed assets through repairs and upgrades
Disposing of fixed assets through sale or retirement
Tracking fixed assets through an asset register
Examples include buildings, machinery, and vehicles
To ensure a journal is correct, one must verify accuracy, completeness, and proper documentation.
Verify that all transactions are accurately recorded in the journal
Ensure that the journal is complete and includes all necessary entries
Check that each entry is properly documented with supporting evidence
Reconcile the journal with other financial records to identify any discrepancies
Perform regular reviews and audits to m
I applied via Naukri.com and was interviewed in Aug 2020. There were 5 interview rounds.
based on 1 interview
Interview experience
Senior Buyer
4
salaries
| ₹10.5 L/yr - ₹18 L/yr |
Assistant Coordinator
3
salaries
| ₹4.2 L/yr - ₹5.3 L/yr |
TCS
Accenture
Wipro
Cognizant