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Depreciation is the allocation of the cost of a tangible asset over its useful life.
Depreciation is a non-cash expense that reduces the value of an asset over time.
It is used to reflect the wear and tear, obsolescence, or decrease in value of an asset.
Common methods of depreciation include straight-line, double declining balance, and units of production.
Example: A company purchases a delivery truck for $50,000 and expe...
Amortization is the process of spreading out the cost of an intangible asset over its useful life.
Amortization is similar to depreciation, but is used for intangible assets like patents, copyrights, and trademarks.
It helps allocate the cost of the asset over its useful life, reflecting its gradual consumption or expiration.
Amortization expense is recorded on the income statement and reduces the asset's carrying value o...
A journal entry for prepayment involves recording the payment made in advance for goods or services.
Identify the prepayment amount and the corresponding expense account
Debit the Prepaid Expense account and credit the Cash or Bank account
Recognize the expense over time as the goods or services are consumed
Adjust the Prepaid Expense account and recognize the expense in the Income Statement
posted on 29 Apr 2024
I applied via Referral and was interviewed before Apr 2023. There were 3 interview rounds.
It will be a computer based test where they will ask questions to test your English grammar, general awareness and mathematics skills
posted on 10 Jan 2025
Aptitude test is based on quantitative apptitude, English and computer
Write a small code to reverse a string in an array of strings
Iterate through each string in the array
Use built-in functions or write a custom function to reverse each string
Store the reversed strings back in the array
Experienced Operations Executive with a proven track record of optimizing processes and driving efficiency.
Over 10 years of experience in operations management
Successfully implemented cost-saving initiatives resulting in 20% reduction in expenses
Led cross-functional teams to improve workflow and increase productivity
Strong analytical skills and ability to identify areas for improvement
Excellent communication and leader
I applied via Walk-in and was interviewed in Oct 2024. There was 1 interview round.
I applied via Job Portal
As an Operations Analyst, I am responsible for analyzing and improving operational processes to increase efficiency and productivity.
Analyze operational processes to identify areas for improvement
Develop and implement strategies to optimize efficiency
Monitor key performance indicators to track progress
Collaborate with cross-functional teams to streamline operations
Generate reports and present findings to management
It was easy not difficult
Experienced operations professional with a background in supply chain management and process improvement.
Over 5 years of experience in operations roles
Skilled in supply chain management and process improvement
Strong analytical and problem-solving skills
Proficient in data analysis and reporting
Excellent communication and teamwork abilities
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