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I applied via Walk-in and was interviewed before Apr 2022. There were 2 interview rounds.
Aptitude test conducted but what percentage we got no one declared
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
The two sides of a balance sheet are assets and liabilities.
Assets represent what a company owns or controls, such as cash, inventory, and property.
Liabilities represent what a company owes to others, such as loans, accounts payable, and accrued expenses.
The balance sheet equation is Assets = Liabilities + Equity.
Equity represents the owner's or shareholders' stake in the company and is calculated as Assets - Liabiliti
Three shortcut keys in Excel are Ctrl+C for copy, Ctrl+V for paste, and Ctrl+S for save.
Ctrl+C is used to copy selected cells or text.
Ctrl+V is used to paste copied cells or text.
Ctrl+S is used to save the current workbook.
posted on 14 Nov 2023
I applied via Naukri.com and was interviewed before Nov 2022. There were 6 interview rounds.
I am a GL Accountant with experience in financial reporting and analysis.
I have a Bachelor's degree in Accounting and have been working as a GL Accountant for 5 years.
I am proficient in using accounting software such as QuickBooks and SAP.
I have experience in preparing financial statements, reconciling accounts, and analyzing variances.
I am detail-oriented, organized, and have strong analytical skills.
I have successful...
Arithmetic and accounting questions
Prepaid cycle involves recording expenses paid in advance as assets and gradually recognizing them as expenses over time.
Prepaid expenses are initially recorded as assets on the balance sheet
As time passes, the prepaid expenses are gradually recognized as expenses on the income statement
Common examples include prepaid rent, insurance, and subscriptions
The asset cycle refers to the process of acquiring, using, maintaining, and disposing of assets within an organization.
The asset cycle starts with the acquisition of assets, which can include purchasing or leasing them.
Once acquired, assets are then put to use in the organization's operations.
During the usage phase, assets may require maintenance, repairs, or upgrades to ensure their optimal performance.
Eventually, ass...
I take ownership of the error, analyze the root cause, rectify it promptly, and implement measures to prevent recurrence.
Acknowledge the mistake and take responsibility for it
Analyze the root cause of the error
Rectify the error promptly
Implement measures to prevent recurrence
Communicate with relevant stakeholders about the error and the steps taken to rectify it
Implemented process improvements to streamline GL accounting operations.
Introduced automated reconciliation tools to reduce manual errors and save time.
Implemented standardized templates for financial reports to improve accuracy and consistency.
Streamlined month-end closing process by creating a checklist and assigning clear responsibilities.
Implemented a digital document management system to improve efficiency in docu...
I applied via Walk-in and was interviewed in Dec 2024. There were 2 interview rounds.
I applied via Company Website and was interviewed in Sep 2024. There were 2 interview rounds.
Learning new words is crucial for kids to improve their communication, vocabulary, and language skills. It helps in developing language fluency, reading comprehension, and confidence.
Developing a strong vocabulary enhances communication skills and the ability to express thoughts effectively.
Improving vocabulary aids in better reading comprehension of academic and non-academic texts.
Learning new words boosts confidence ...
A careful study of some social unit (as a corporation or division within a corporation) that attempts to determine what factors led to its success or failure
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
Accounts payable is a liability on the balance sheet
It represents the amount of money owed by a company to its suppliers or vendors
It is typically recorded when goods or services are received but payment has not yet been made
Accounts payable is an important part of a company's working capital man
Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
It is used to identify any discrepancies between the two sets of records.
It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.
The goal is to ensure the accuracy of the company's financial records and the bank's records.
Once discrepancies are identifi...
I applied via Company Website and was interviewed in Aug 2024. There were 5 interview rounds.
About work of that company
About work of that company
My long-term goal is to become a Certified Public Accountant and eventually work my way up to a senior financial management position within a reputable company.
Obtain CPA certification within the next 3-5 years
Gain experience in financial analysis and reporting
Attend leadership development programs to enhance management skills
Work towards a promotion to a senior financial management role
Bad debt refers to money owed to a company that is unlikely to be paid by the debtor.
Bad debt is a financial loss for the company.
It is usually the result of customers who are unable or unwilling to pay their debts.
Companies often have to write off bad debts as uncollectible.
Bad debt can negatively impact a company's financial statements and cash flow.
Examples include unpaid invoices, defaulted loans, and overdue payme
Accounts refer to financial records that track the financial activities of a business or individual.
Accounts are used to record transactions such as income, expenses, assets, and liabilities.
They help in analyzing the financial health of an entity and making informed decisions.
Examples of accounts include cash account, accounts receivable, accounts payable, and equity accounts.
I was interviewed in Nov 2024.
I am a dedicated and experienced Executive Accountant with a strong background in financial management and strategic planning.
I have over 10 years of experience in accounting and finance
I have a proven track record of successfully managing budgets and financial reporting
I am skilled in financial analysis and forecasting
I have a strong understanding of GAAP and financial regulations
I have excellent communication and lea
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
Accounting involves recording financial transactions of a business.
Types of accounts include assets, liabilities, equity, revenue, and expenses.
Assets are resources owned by the business, like cash and inventory.
Liabilities are obligations of the business, such as loans and accounts payable.
Equity represen...
I applied via Walk-in and was interviewed in May 2024. There were 3 interview rounds.
There are three main types of financial statements: balance sheet, income statement, and cash flow statement.
Balance sheet shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
Income statement shows a company's revenues, expenses, and profits over a period of time.
Cash flow statement shows how changes in balance sheet and income statement affect cash and cash equivalents.
Trial balance is a list of all ledger accounts with their closing balances, while balance sheet is a financial statement showing assets, liabilities, and equity at a specific point in time.
Trial balance is an internal document used to ensure the debits and credits are equal before preparing financial statements.
Balance sheet is a financial statement that shows the company's financial position at a specific point in tim...
Journal entry for prepaid expenses involves debiting an asset account and crediting a prepaid expense account.
Prepaid expenses are expenses paid in advance but not yet incurred.
To record prepaid expenses, debit the Prepaid Expense account and credit the Cash/Bank account.
As the prepaid expense is incurred, it is transferred from the Prepaid Expense account to the Expense account.
Example: Payment of insurance premium in...
Journal entry for purchase return involves debiting accounts payable and crediting inventory account.
Debit accounts payable to reduce liability
Credit inventory account to reduce inventory on hand
Example: Debit Accounts Payable $500, Credit Inventory $500
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