TCS Finance Officer Interview Questions and Answers

Trade life cycle refers to the stages involved in a trade from initiation to settlement.

• Trade initiation: Trade is proposed and agreed upon by parties involved.

• Trade execution: Trade is executed on the exchange or over-the-counter market.

• Trade confirmation: Parties confirm the details of the trade.

• Trade settlement: Payment and transfer of securities occur to complete the trade.

• Trade reconciliation: Any discrepancies ar

The golden rules of accounting are basic principles that guide the process of recording financial transactions.

• The golden rule of accounting is that for every debit entry, there must be an equal credit entry.

• There are three types of accounts: personal, real, and nominal.

• Personal accounts deal with individuals or organizations, real accounts deal with assets and liabilities, and nominal accounts deal with income and exp...read more

TDS stands for Tax Deducted at Source, a system where tax is deducted by the payer at the time of making payment.

• TDS is deducted by the payer at the time of making certain payments like salary, rent, commission, etc.

• The deducted amount is then deposited with the government on behalf of the payee.

• TDS rates vary based on the type of payment and the payee's status.

• TDS ensures a regular inflow of taxes to the government an...read more