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I applied via Approached by Company and was interviewed in Feb 2024. There were 3 interview rounds.
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 helps in...
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...
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.
The go...
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 Naukri.com and was interviewed in Feb 2024. There was 1 interview round.
P2P process stands for procure-to-pay process, which involves the steps from requisition to payment for goods or services.
Requisition: Requesting the purchase of goods or services
Purchase Order: Formal document outlining the details of the purchase
Receipt of Goods/Services: Confirming delivery and quality
Invoice Processing: Verifying the invoice against the purchase order and receipt
Payment: Issuing payment to the vend
I applied via Job Portal
Investment banking involves providing financial services to corporations, governments, and other institutions.
Investment banks help companies raise capital by underwriting and issuing securities.
They also provide advisory services for mergers and acquisitions, and other financial transactions.
AML (Anti-Money Laundering) and KYC (Know Your Customer) are regulatory requirements that investment banks must comply with to p...
AML/KYC refers to Anti-Money Laundering and Know Your Customer regulations that financial institutions must comply with.
AML/KYC regulations are designed to prevent money laundering and terrorist financing.
Financial institutions must verify the identity of their customers and monitor their transactions for suspicious activity.
AML/KYC compliance is mandatory for banks, credit unions, and other financial institutions.
Exam...
I applied via Campus Placement and was interviewed before Jul 2020. There were 3 interview rounds.
I applied via Recruitment Consultant and was interviewed before Sep 2020. There were 3 interview rounds.
Yes, I am open to working in Aizwal and excited about the opportunity.
I am willing to relocate for the right opportunity
I am excited about exploring a new city and culture
I am committed to my work and will give my best effort regardless of location
I am impressed with the company's reputation and growth potential.
I have researched the company and its achievements.
I am excited about the company's mission and values.
I believe my skills and experience align with the company's needs.
I am looking for a challenging and rewarding career opportunity.
I am impressed with the company's commitment to innovation and technology.
Yes, my aim in life is to become a successful data analyst and contribute to the growth of the organization.
I want to constantly improve my skills and knowledge in data analysis
I aim to work with a team of experts and learn from them
I want to use my analytical skills to solve complex business problems
I hope to make a positive impact on the organization's growth and success
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Interview experience
Assistant Manager
17
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Senior Associate
16
salaries
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Associate Consultant
13
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Audit Manager
10
salaries
| ₹0 L/yr - ₹0 L/yr |
Analyst
6
salaries
| ₹0 L/yr - ₹0 L/yr |
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