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I applied via Campus Placement and was interviewed in Aug 2022. There were 2 interview rounds.
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I applied via Referral and was interviewed before May 2018. There were 5 interview rounds.
My hobbies include painting, hiking, and playing the guitar. They show that I am creative, adventurous, and disciplined.
Painting - shows creativity and attention to detail
Hiking - demonstrates a sense of adventure and love for the outdoors
Playing the guitar - indicates discipline and dedication to learning a skill
Accruals, closing stock, depreciation, amortization, journal entries, contingent liabilities, trial balance, and balance sheet explained.
Accruals are expenses incurred but not yet paid for.
Closing stock is not shown in trial balance as it is a balance sheet item.
Depreciation and amortization are methods of allocating the cost of assets over their useful life.
Journal entries are used to record transactions in accounting...
I applied via Recruitment Consultant
I joined IBM as a fresh graduate and faced challenges adapting to the corporate environment.
Transitioning from a student to a professional was difficult
Learning to navigate the corporate culture and hierarchy was a challenge
Managing workload and expectations in a fast-paced environment was tough
Dealing with difficult clients or projects tested my problem-solving skills
My weakness is that I can be overly critical of myself, but my strength is my ability to adapt quickly to new situations.
Weakness: tend to be overly critical of myself
Strength: ability to adapt quickly to new situations
I applied via Company Website and was interviewed in Dec 2019. There were 5 interview rounds.
3 way or 2 way checking in AP profile refers to matching the purchase order, invoice, and receiving report (3 way) or just the purchase order and invoice (2 way) to ensure accuracy and prevent fraud.
3 way checking involves matching the purchase order, invoice, and receiving report to ensure that the goods or services were received and the invoice matches the purchase order.
2 way checking involves matching the purchase ...
If the invoice is not received or misplaced, contact the vendor immediately to request a duplicate copy.
Contact the vendor and explain the situation
Request a duplicate copy of the invoice
Verify the payment amount and due date
Ensure the payment is made on time
Maintain a record of all communication with the vendor
I applied via Referral and was interviewed in May 2019. There were 3 interview rounds.
I applied via Walk-in and was interviewed before Oct 2020. There was 1 interview round.
Accrual refers to the recognition of revenue or expenses that have been earned or incurred but not yet received or paid.
Accrual accounting recognizes revenue and expenses when they are earned or incurred, regardless of when payment is received or made.
Accruals are recorded as adjusting entries in the financial statements.
Examples of accruals include accounts receivable, accounts payable, and accrued expenses.
Accruals a...
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. For example, when a customer pays cash for goods purchased, the cash account is debited and the sales account is credited.
The second golden rule is the Real Account rule, which states that debit what comes in...
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