TCS Order to Cash Analyst Interview Questions and Answers

Balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

• It is a snapshot of a company's financial position

• Assets are listed on the left side and liabilities and equity on the right side

• The equation Assets = Liabilities + Equity must always balance

• It helps investors and creditors to evaluate a company's financial health

Journal entries are records of financial transactions in a company's general ledger.

• Journal entries are used to record financial transactions in a company's general ledger

• They include the date of the transaction, the accounts involved, and the amount of the transaction

• There are two types of journal entries: debit and credit

• Debit entries increase assets and decrease liabilities, while credit entries increase liabilities...read more