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I applied via Naukri.com and was interviewed in Sep 2020. There were 3 interview rounds.
Heads of income are categories under which income is classified for taxation purposes.
There are five heads of income: salary, house property, business/profession, capital gains, and other sources.
Salary includes income from employment.
House property includes rental income.
Business/profession includes income from self-employment.
Capital gains include income from sale of capital assets.
Other sources include income from s...
The golden rules of accounting are basic principles that guide the recording of financial transactions.
The first golden rule is the Personal Account rule, which states that debit the receiver and credit the giver.
The second golden rule is the Real Account rule, which states that debit what comes in and credit what goes out.
The third golden rule is the Nominal Account rule, which states that debit all expenses and losse
GST stands for Goods and Services Tax. It is a consumption-based tax levied on the supply of goods and services.
GST is an indirect tax that replaced multiple indirect taxes in India.
It was implemented on 1st July 2017.
GST is levied at every stage of the supply chain, from the manufacturer to the consumer.
It aims to simplify the tax structure, reduce tax evasion, and promote ease of doing business.
There are different GS...
I applied via Campus Placement and was interviewed in Dec 2021. There were 3 interview rounds.
I was interviewed in Jul 2024.
I am a detail-oriented accountant with 5 years of experience in financial reporting and analysis.
I have a Bachelor's degree in Accounting from XYZ University.
I am proficient in using accounting software such as QuickBooks and SAP.
I have experience preparing monthly financial statements and analyzing variances.
I am skilled in budgeting and forecasting.
I have excellent communication and interpersonal skills.
Current CTC refers to the total salary package of an employee including all benefits and allowances.
CTC includes salary, bonuses, benefits, and allowances
It does not include deductions like taxes or insurance premiums
Example: An employee's CTC is $60,000 per year
I was interviewed before Oct 2021.
BRS stands for Bank Reconciliation Statement, which is a statement that compares the bank balance as per bank statement with the balance as per company's books.
BRS helps in identifying any discrepancies between the bank statement and company's books
It ensures that all transactions are recorded accurately
It helps in detecting any fraudulent activities
Example: If the bank statement shows a different balance than the comp...
Bookkeeping is the process of recording financial transactions and maintaining financial records.
Bookkeeping involves recording all financial transactions of a business.
It includes maintaining records of income, expenses, assets, and liabilities.
Bookkeeping is essential for preparing financial statements and tax returns.
Examples of bookkeeping tasks include recording sales, tracking expenses, and reconciling bank state
I applied via Referral and was interviewed in Jul 2022. There were 2 interview rounds.
I applied via LinkedIn and was interviewed in Oct 2024. There were 2 interview rounds.
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Verbal and Reasoning
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