SYSKA LED Lights Interview Questions, Process, and Tips for Experienced

Accounts receivable is the money owed to a company by its customers for goods or services provided on credit.

• Accounts receivable represents the amount of money that customers owe to a company for goods or services purchased on credit.

• It is considered an asset on the company's balance sheet.

• Companies often have specific policies and procedures in place to manage accounts receivable and ensure timely payment.

• Examples inc...read more

Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

• Accounts payable represents a company's short-term debt obligations to its suppliers or vendors.

• It is listed as a liability on the company's balance sheet.

• Accounts payable is typically paid within a specified period, often 30, 60, or 90 days.

• Examples include invoices from suppliers for raw materi...read more

TDS rates and sections refer to the tax deducted at source rates and corresponding sections under the Income Tax Act.

• TDS rates vary based on the type of payment being made and the recipient's status.

• For example, the TDS rate for salary income is different from that for interest income.

• Sections like 192, 194A, 194J, etc., specify the TDS rates and rules for different types of payments.

• It is important for accounts office...read more

The businesses revenue that will be added upon given opportunity depends on the nature of the opportunity.

• The revenue added will depend on the type of business and the product/service being offered

• The size of the opportunity and the target market will also play a role

• Examples: if the opportunity is to expand into a new geographic region, revenue will be added from new customers in that area

• If the opportunity is to intr...read more