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I applied via Naukri.com and was interviewed in Jul 2021. There was 1 interview round.
Accrual basis of accounting recognizes revenue and expenses when they are earned or incurred, regardless of when payment is received or made.
Revenue is recognized when it is earned, not when payment is received
Expenses are recognized when they are incurred, not when payment is made
This method provides a more accurate picture of a company's financial health
Example: A company provides services in December but doesn't rec...
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I applied via Approached by company and was interviewed in Aug 2021. There were 2 interview rounds.
Quant focussed Case Study (be prepared for calculations)
I applied via Company Website and was interviewed before Oct 2020. There was 1 interview round.
I appeared for an interview in Mar 2017.
To make the red fishes 98%, 50 fishes have to be removed from the aquarium.
Calculate 1% of 200 fishes, which is 2 fishes.
To make the red fishes 98%, subtract 1% (2 fishes) from 99% (198 fishes).
To find the number of fishes to be removed, divide the difference by 1% (2 fishes).
Therefore, 50 fishes have to be removed to make the red fishes 98%.
I appeared for an interview in Feb 2017.
I appeared for an interview in Mar 2017.
To make the red fishes 98%, 50 fishes have to be removed from the aquarium.
Calculate 1% of 200 fishes to find the number of red fishes.
Subtract the number of red fishes from 200 to find the number of non-red fishes.
Calculate 2% of the total number of fishes to find the desired number of red fishes.
Subtract the desired number of red fishes from the current number of red fishes to find the number of fishes to be removed.
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