SALARPURIA SATTVA Department Manager Interview Questions, Process, and Tips

Depreciation is the decrease in value of an asset over time. Yes, an organization can change its method of depreciation.

• Depreciation is a method of allocating the cost of a tangible asset over its useful life

• It is used to reflect the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors

• An organization can change its method of depreciation by making adjustments to its accounting po...read more

Section 2(22)(e) refers to the definition of 'Deemed Dividend' under the Income Tax Act.

• It is a provision under the Income Tax Act, 1961.

• It defines certain payments made by a company to its shareholders as deemed dividends.

• These payments are treated as dividends for tax purposes and are taxed accordingly.

• Examples of deemed dividends include distribution of accumulated profits, loans or advances given to shareholders, e

Financial liabilities are obligations that a company owes to others and must be paid back in the future.

• Financial obligations that a company owes to others

• Must be paid back in the future

• Examples include loans, bonds, and accounts payable

Yes, a company can give loans to other corporates.

• Companies can give loans to other corporates as a form of investment.

• The terms and conditions of the loan are usually outlined in a loan agreement.

• The loan can be secured or unsecured, depending on the agreement.

• The interest rate and repayment schedule are also agreed upon in the loan agreement.

• Examples of companies giving loans to other corporates include banks, financ

Deferred tax is a liability or asset that arises from temporary differences between accounting and tax rules.

• Deferred tax is a result of differences between the way a company accounts for income and expenses and the way it is taxed.

• It can be a liability or an asset depending on whether the tax rate is higher or lower than the accounting rate.

• Deferred tax liabilities arise when a company has paid less tax than it owes, ...read more

Job change is a career move that allows an individual to gain new experiences, skills, and opportunities for growth.

• Job change can provide a higher salary or better benefits

• Job change can offer a chance to work in a different industry or with different people

• Job change can help an individual develop new skills and gain valuable experience

• Job change can provide opportunities for career advancement

• Job change can help an