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I applied via Naukri.com and was interviewed in Mar 2021. There were 6 interview rounds.
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Rules of accounting are guidelines and principles that govern the preparation of financial statements.
Rules of accounting ensure consistency and accuracy in financial reporting
They help in standardizing financial statements for comparability
Examples include the matching principle, revenue recognition principle, and historical cost principle
I applied via Walk-in and was interviewed in Jan 2023. There were 4 interview rounds.
I applied via Referral and was interviewed before Oct 2023. There were 2 interview rounds.
I will explain the previous process I followed in my accounting role.
I maintained accurate financial records by recording transactions in the general ledger.
I prepared financial statements such as balance sheets and income statements.
I reconciled bank statements and ensured all accounts were balanced.
I communicated with clients and vendors to resolve any discrepancies or issues.
I followed company policies and procedure
I applied via Walk-in and was interviewed before Oct 2023. There was 1 interview round.
Accrual refers to the recognition of revenue and expenses when they are incurred, regardless of when cash is exchanged.
Accrual accounting matches revenues with expenses in the same accounting period
It provides a more accurate representation of a company's financial position
Examples include recognizing revenue when a service is performed, even if payment is not received yet
Golden rules are basic principles of accounting that serve as the foundation for recording financial transactions.
Golden rules include the principles of Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; and Debit expenses and losses, Credit income and gains.
These rules help ensure accurate and consistent recording of financial transactions in accounting.
For example, when a business receiv...
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I applied via Approached by Company and was interviewed before Jun 2020. There were 4 interview rounds.
It’s easy all accounts related test, excel test and rejoining etc.
I applied via Naukri.com and was interviewed in Mar 2022. There were 3 interview rounds.
After passing Technical round you will have an aptitude test consist of quants, reasoning, English and Accounts related questions
General to overall
posted on 19 Dec 2020
I applied via Naukri.com and was interviewed in Nov 2020. There were 6 interview rounds.
Processing details involve the steps taken to complete a task or transaction.
Processing details vary depending on the task or transaction
Typically involves gathering and verifying information, performing calculations, and recording data
May involve communication with other departments or external parties
Examples include processing payroll, reconciling bank statements, and preparing financial statements
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