Triveni Polymers Interview Questions and Answers

Sales can be categorized into various types based on the method, target audience, and sales process.

• 1. Retail Sales: Direct sales to consumers, e.g., clothing stores.

• 2. Wholesale Sales: Selling in bulk to retailers, e.g., food distributors.

• 3. B2B Sales: Business-to-business transactions, e.g., software companies selling to corporations.

• 4. B2C Sales: Business-to-consumer sales, e.g., online shopping platforms.

• 5. Direct ...read more

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

• 1. Debit what comes in, credit what goes out. Example: When cash is received, debit cash account.

• 2. Debit the receiver, credit the giver. Example: When a customer pays, debit the accounts receivable.

• 3. For every transaction, ensure that total debits equal total credits to maintain balance.

Determining basic value involves adjusting the given price for factors like taxes, discounts, and additional costs.

• Identify the given price (e.g., $120).

• Subtract any applicable taxes (e.g., 10% tax = $12).

• Subtract any discounts (e.g., $20 discount).

• Consider additional costs (e.g., shipping fees).

• Calculate: Basic Value = Given Price - Taxes - Discounts + Additional Costs.