Tanishq
Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards
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I applied via Walk-in and was interviewed in Oct 2022. There was 1 interview round.
An account assistant is responsible for assisting in the day-to-day financial operations of a company.
Assisting in bookkeeping and accounting tasks
Preparing financial reports and statements
Managing accounts payable and receivable
Assisting in budgeting and forecasting
Communicating with clients and vendors
Maintaining accurate financial records
Using accounting software and tools
Working closely with other members of the fi
To enter the accounts ledger, follow these steps:
Open the accounting software or ledger book
Select the appropriate account to enter the transaction
Enter the date, description, and amount of the transaction
Ensure the debit and credit entries are balanced
Save the entry and repeat for additional transactions
To tally the main cash and in system, reconcile the cash balance in the system with the actual cash balance.
Count the actual cash in hand and compare it with the cash balance in the system.
Investigate any discrepancies and make necessary adjustments.
Ensure all cash transactions are recorded accurately in the system.
Perform regular cash audits to maintain accuracy.
Use cash management tools like cash flow statements and
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I applied via Referral and was interviewed before Aug 2022. There were 2 interview rounds.
I applied via Referral and was interviewed before Oct 2023. There were 3 interview rounds.
Inventory valuation is the process of assigning a monetary value to the items held in stock by a business.
Inventory valuation methods include FIFO (First In, First Out), LIFO (Last In, First Out), and weighted average cost.
The chosen method can impact the reported profit and taxes of a business.
Inventory valuation helps in determining the cost of goods sold and the value of ending inventory on the balance sheet.
The tax charged for transit of gold etc. varies depending on the country and specific regulations.
Tax rates for transit of gold can range from 0% to 10% or more
Some countries may have specific regulations or exemptions for gold transit
Tax rates may also depend on the quantity and value of the gold being transported
Net worth of a company is the total assets minus total liabilities, representing the value of the company's equity.
Net worth = Total assets - Total liabilities
It represents the value of the company's equity
It is an important indicator of a company's financial health and stability
Investors and stakeholders often use net worth to assess the company's value and performance
Questions related to accounts
Golden rules are basic principles of accounting that guide the recording of financial transactions.
Golden rules are also known as fundamental accounting principles.
There are three golden rules: the personal account rule, the real account rule, and the nominal account rule.
The personal account rule states that debit the receiver and credit the giver.
For example, when cash is received from a customer, we debit the cash a...
Yes, I am fluent in English, Spanish, and French.
I am fluent in English, Spanish, and French
I have experience working with clients who speak these languages
I am able to communicate effectively in all three languages
I have a Master's degree in Accounting.
Master's degree in Accounting
Specialized knowledge in financial reporting and analysis
Advanced understanding of tax laws and regulations
Proficient in using accounting software and tools
Experience in managing financial records and audits
I applied via Naukri.com and was interviewed in Jun 2021. There was 1 interview round.
The entry made when a person puts cash in the bank is a debit to the bank account and a credit to the cash account.
Debit the bank account to increase the balance.
Credit the cash account to decrease the balance.
The entry follows the basic accounting equation: Assets = Liabilities + Equity.
Example: Debit Bank Account $1,000, Credit Cash Account $1,000.
posted on 21 Sep 2022
I applied via Walk-in and was interviewed before Sep 2021. There were 4 interview rounds.
I applied via Referral and was interviewed before Apr 2023. There were 2 interview rounds.
I applied via Referral and was interviewed before Sep 2023. There were 2 interview rounds.
Was fairly simple and easy to solve
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