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BRS is used to document the agreed upon requirements between the client and the development team.
BRS helps in ensuring that both parties have a clear understanding of the project requirements.
It serves as a reference point throughout the development process.
BRS helps in minimizing misunderstandings and scope creep.
It provides a basis for testing the final product against the initial requirements.
Examples: Software...
A journal entry is a record of a financial transaction in a company's accounting system.
Journal entries are used to record debits and credits for each transaction.
They help in maintaining accurate financial records and tracking the flow of money within a company.
Each journal entry includes a date, description, accounts affected, and amounts debited and credited.
For example, a journal entry for a sale transaction w...
Petty cash is a small amount of cash kept on hand by a company for minor expenses.
Petty cash is used for small, everyday expenses that are impractical to pay for with a check or credit card.
It is typically kept in a secure location and managed by a designated employee.
Replenishment of petty cash is done by submitting receipts for the expenses incurred.
Common uses of petty cash include office supplies, postage, and...
Contra entry is a transaction that involves both a debit and a credit entry to the same account, resulting in a net zero effect on the account balance.
Contra entries are typically used to correct errors, transfer funds between accounts, or record non-cash transactions.
Examples of contra entries include bank transfers, cash withdrawals for personal use, and corrections of accounting mistakes.
Contra entries are usua...
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 recorded by the company.
Common items on a bank reconciliation statement include outstanding checks, deposits in transit, bank errors, and service charges.
T...
Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
It provides a snapshot of a company's financial position.
Assets are what the company owns, liabilities are what it owes, and shareholders' equity is the difference between the two.
The balance sheet follows the accounting equation: Assets = Liabilities + Shareholders' Equity.
It hel...
A creditor is a person or institution to whom money is owed.
A creditor is someone who has provided goods or services on credit to another party
Creditors can include individuals, businesses, or financial institutions
Examples of creditors include suppliers, banks, and bondholders
GST stands for Goods and Services Tax, a value-added tax levied on the supply of goods and services.
GST is a comprehensive tax system that has replaced multiple indirect taxes in India.
It is a destination-based tax, which means that the tax is collected at the point of consumption.
GST has three components - CGST, SGST, and IGST, which are levied by the central and state governments.
It has simplified the tax struct...
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
There are three golden rules of accounting: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains
These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity
For example, when a company receives cas...
There are several types of taxes, including income tax, sales tax, property tax, and corporate tax.
Income tax is a tax on an individual's earnings or income.
Sales tax is a tax on the sale of goods and services.
Property tax is a tax on the value of real estate or personal property.
Corporate tax is a tax on the profits of corporations.
Other types of taxes include excise tax, estate tax, and payroll tax.
I applied via Approached by Company and was interviewed in Feb 2024. There were 3 interview rounds.
I come from a close-knit family that values education and support, fostering a strong sense of community and resilience.
My parents are both educators, which instilled a love for learning in me from a young age.
I have two siblings; we often collaborate on projects, showcasing our teamwork skills.
Family gatherings are frequent, emphasizing our strong bonds and shared values.
My grandparents played a significant role in my...
A journal entry is a record of a financial transaction in a company's accounting system.
Journal entries are used to record debits and credits for each transaction.
They help in maintaining accurate financial records and tracking the flow of money within a company.
Each journal entry includes a date, description, accounts affected, and amounts debited and credited.
For example, a journal entry for a sale transaction would ...
Petty cash is a small amount of cash kept on hand by a company for minor expenses.
Petty cash is used for small, everyday expenses that are impractical to pay for with a check or credit card.
It is typically kept in a secure location and managed by a designated employee.
Replenishment of petty cash is done by submitting receipts for the expenses incurred.
Common uses of petty cash include office supplies, postage, and mino...
Contra entry is a transaction that involves both a debit and a credit entry to the same account, resulting in a net zero effect on the account balance.
Contra entries are typically used to correct errors, transfer funds between accounts, or record non-cash transactions.
Examples of contra entries include bank transfers, cash withdrawals for personal use, and corrections of accounting mistakes.
Contra entries are usually m...
BRS is used to document the agreed upon requirements between the client and the development team.
BRS helps in ensuring that both parties have a clear understanding of the project requirements.
It serves as a reference point throughout the development process.
BRS helps in minimizing misunderstandings and scope creep.
It provides a basis for testing the final product against the initial requirements.
Examples: Software deve...
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
There are three golden rules of accounting: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains
These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity
For example, when a company receives cash fro...
A creditor is a person or institution to whom money is owed.
A creditor is someone who has provided goods or services on credit to another party
Creditors can include individuals, businesses, or financial institutions
Examples of creditors include suppliers, banks, and bondholders
I applied via Recruitment Consulltant and was interviewed before Nov 2021. There were 2 interview rounds.
GST stands for Goods and Services Tax, a value-added tax levied on the supply of goods and services.
GST is a comprehensive tax system that has replaced multiple indirect taxes in India.
It is a destination-based tax, which means that the tax is collected at the point of consumption.
GST has three components - CGST, SGST, and IGST, which are levied by the central and state governments.
It has simplified the tax structure a...
There are several types of taxes, including income tax, sales tax, property tax, and corporate tax.
Income tax is a tax on an individual's earnings or income.
Sales tax is a tax on the sale of goods and services.
Property tax is a tax on the value of real estate or personal property.
Corporate tax is a tax on the profits of corporations.
Other types of taxes include excise tax, estate tax, and payroll tax.
Top trending discussions
Alvarez is a reputable company with a strong track record in the industry.
Alvarez has a proven track record of success in the industry
The company has a reputation for quality and reliability
Alvarez has a strong commitment to customer satisfaction
The company offers a wide range of products and services to meet the needs of its customers
I have a passion for cooking and have won several local cooking competitions.
I enjoy experimenting with different cuisines and creating my own recipes.
I have taken cooking classes and workshops to improve my skills.
I have volunteered at a local soup kitchen to help prepare meals for the homeless.
I have a food blog where I share my recipes and cooking tips.
I have also catered small events for friends and family.
My friends perceive me as a reliable and supportive person who is always there for them.
Reliable and dependable
Supportive and empathetic
Good listener
Fun and easy-going
Honest and trustworthy
Yes, I do read management books.
I believe that reading management books is essential to keep myself updated with the latest trends and techniques in the field.
I have read books like 'The Lean Startup' by Eric Ries, 'Good to Great' by Jim Collins, and 'The 7 Habits of Highly Effective People' by Stephen Covey.
These books have helped me develop my leadership skills, improve my decision-making abilities, and enhance my ov...
I applied via Referral
The hair care industry in India is growing rapidly, with increasing demand for natural and organic products. Investment decision depends on company goals and market research.
India's hair care industry is expected to reach $13.3 billion by 2025
Growing demand for natural and organic products
Strong competition from established brands like Dove, Pantene, and L'Oreal
Opportunities for niche players in the market
Investment de...
The current market situation is volatile due to the ongoing COVID-19 pandemic and geopolitical tensions.
The COVID-19 pandemic has caused disruptions in global supply chains and reduced consumer demand.
Geopolitical tensions, such as the US-China trade war, have led to uncertainty and market fluctuations.
The technology sector has been performing well, while industries such as travel and hospitality have been hit hard.
Inv...
SkinCareIndiaPvt.Ltd should focus on product innovation, competitive pricing, and effective marketing strategies.
Invest in research and development to create innovative products
Offer competitive pricing to attract price-sensitive customers
Implement effective marketing strategies to increase brand awareness and customer loyalty
Expand product line to cater to different customer needs
Partner with influencers and beauty bl...
I would invest in a firm with a strong management team, a clear growth strategy, and a solid financial track record.
Look for firms with experienced and successful leaders
Research the company's growth potential and plans for expansion
Analyze the company's financial statements and performance history
Consider the industry and market trends
Examples: Blackstone, KKR, Carlyle Group
I applied via Referral and was interviewed before Dec 2019. There were 3 interview rounds.
The 5 principals of internal audit are integrity, objectivity, confidentiality, competency, and compliance.
Integrity: being honest and truthful in all aspects of the audit process
Objectivity: remaining impartial and unbiased throughout the audit
Confidentiality: ensuring that sensitive information is protected and kept confidential
Competency: possessing the necessary knowledge and skills to perform the audit effectively
...
I applied via Referral and was interviewed in May 2023. There were 3 interview rounds.
Asset management is the professional management of various types of assets, including real estate, to maximize their value and generate returns.
Asset management involves the strategic planning, acquisition, operation, and disposition of assets.
Real estate sector refers to the industry that deals with the buying, selling, and management of properties.
Asset management in the real estate sector focuses on optimizing the v...
The India real estate sector has experienced significant growth in the past.
The real estate sector in India has witnessed a boom in the past few decades.
Rapid urbanization and population growth have fueled the demand for housing and commercial spaces.
Government initiatives like the introduction of Real Estate Regulatory Authority (RERA) and affordable housing schemes have further stimulated the sector.
Foreign direct in...
I applied via Naukri.com and was interviewed before Oct 2023. There was 1 interview round.
My articleship experience was enriching, providing hands-on exposure to various aspects of accounting and auditing.
Worked on auditing financial statements for small to medium-sized enterprises, enhancing my analytical skills.
Assisted in tax planning and compliance, which deepened my understanding of tax regulations and their implications.
Participated in client meetings, improving my communication skills and ability to ...
based on 3 interview experiences
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Rating in categories
Senior Associate
16
salaries
| ₹3 L/yr - ₹7 L/yr |
Assistant Manager
14
salaries
| ₹7 L/yr - ₹10.9 L/yr |
Associate Consultant
12
salaries
| ₹3.2 L/yr - ₹6.8 L/yr |
Analyst
7
salaries
| ₹1.8 L/yr - ₹5 L/yr |
Audit Manager
7
salaries
| ₹7 L/yr - ₹11 L/yr |
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