Statestreet HCL Services Reconciliation Associate Interview Questions and Answers

The golden rules of accounting are basic principles that guide the process of recording financial transactions.

• Debit what comes in, credit what goes out

• Debit the receiver, credit the giver

• Debit expenses and losses, credit income and gains

Capital market deals with long-term securities, while money market deals with short-term securities.

• Capital market involves buying and selling of long-term securities such as stocks and bonds.

• Money market involves buying and selling of short-term securities such as treasury bills and commercial paper.

• Capital market is more suitable for long-term investment goals, while money market is more suitable for short-term cash ...read more

Bonds and shares are types of financial instruments used by companies to raise capital from investors.

• Bonds are debt securities where investors lend money to a company or government in exchange for periodic interest payments and the return of the principal amount at maturity.

• Shares, also known as stocks, represent ownership in a company and entitle the shareholder to a portion of the company's profits through dividends...read more