The Lalit Finance Executive Interview Questions and Answers

I'm sorry, I don't have the available data to provide the stock price of this firm.

• Check the company's website or financial news sources for the current stock price

• Use financial websites or apps to track the stock price in real-time

• Contact the company's investor relations department for the latest stock price information

I am a finance executive with extensive experience in financial planning, analysis, and strategy.

• Over 10 years of experience in finance roles, including 5 years as a finance executive at ABC Company.

• Expertise in financial planning, budgeting, forecasting, and financial analysis.

• Proven track record of driving cost savings and improving financial performance.

• Strong leadership skills, having successfully managed teams and...read more

The golden rule of accounting is to debit the receiver and credit the giver.

• It is a fundamental principle of double-entry bookkeeping.

• It ensures that every transaction is recorded accurately.

• Debit refers to the left side of an account, while credit refers to the right side.

• For example, when a company receives cash from a customer, it debits the cash account and credits the accounts receivable account.

• This rule helps ma...read more

Accruals are adjustments made to financial statements to ensure that revenues and expenses are recognized in the period they are earned or incurred, regardless of when cash is exchanged.

• Accruals help match revenues and expenses to the period in which they are incurred, providing a more accurate representation of a company's financial performance.

• Examples of accruals include accrued interest, accrued wages, and accrued ...read more

Deferrals are revenues or expenses that are recognized at a later date instead of immediately when they are incurred.

• Deferrals involve postponing the recognition of revenue or expenses to a future period.

• Common examples of deferrals include prepaid expenses, unearned revenue, and deferred tax assets/liabilities.

• Prepaid expenses are costs that are paid in advance but recognized as expenses over time as they are used.

• Une...read more

GST is a tax reform implemented in India in 2017. It aims to simplify the tax structure and boost the economy.

• GST stands for Goods and Services Tax

• It replaces multiple indirect taxes with a single tax

• It has helped in reducing tax evasion and increasing tax compliance

• It has led to the formalization of the economy and increased transparency

• It has made interstate trade easier and reduced logistics costs

• It has led to a red...read more