10+ Arista Infotech Interview Questions and Answers

WM is a waste management company that specializes in collecting, processing, and disposing of waste materials.

• WM offers services such as recycling, landfill management, and hazardous waste disposal.

• They work with businesses, municipalities, and individuals to ensure proper waste management practices.

• WM focuses on sustainability and environmental responsibility in their operations.

• They have a fleet of trucks and facilities for waste collection and processing.

• WM is a leader in ...read more

Golden rules of account refer to the basic principles of accounting that must be followed for accurate financial reporting.

• Maintain accurate records of all financial transactions

• Ensure consistency in accounting methods and practices

• Separate personal and business finances

• Follow the principle of double-entry bookkeeping

• Prepare financial statements regularly

• Adhere to accounting standards and regulations

• Maintain confidentiality of financial information

Bank reconciliation process is the process of comparing and matching the balances in a company's accounting records with the bank's records.

• Bank reconciliation is done to ensure that the company's records are accurate and complete.

• It involves comparing the company's bank statement with its own accounting records.

• Any discrepancies are identified and resolved, such as outstanding checks or deposits in transit.

• The end result is a reconciled balance that matches the bank's balanc...read more

A hauler or vendor is a company or individual that provides transportation services for goods or materials.

• Haulers are responsible for transporting goods from one location to another.

• Vendors may also provide additional services such as packaging, storage, or distribution.

• Examples of haulers or vendors include trucking companies, shipping companies, and courier services.

A trial balance is a list of all the general ledger accounts contained in the ledger of a business.

• It is used to ensure that the total debits equal the total credits in the accounting records.

• It is prepared at the end of an accounting period before the financial statements are prepared.

• Errors in the trial balance indicate that there may be mistakes in the accounting records.

• Example: If the total debits in the trial balance equal $100,000 and the total credits equal $95,000, t...read more

Golden rules of accounts are basic principles that guide the recording of financial transactions.

• The three golden rules of accounts are: Debit what comes in, Credit what goes out, Debit the receiver, Credit the giver, Debit all expenses and losses, Credit all incomes and gains.

• These rules ensure that the accounting equation (Assets = Liabilities + Equity) remains balanced.

• For example, when a company receives cash from a customer, it would debit the cash account (what comes in...read more

Remittances are funds sent by migrants to their home country, typically to support their families.

• Remittances are usually sent by migrants who are working in a different country

• They are often used to support families back home with living expenses, education, healthcare, etc.

• Remittances can be sent through banks, money transfer services, or online platforms

• Countries like India, Mexico, and the Philippines receive significant amounts of remittances from their citizens working ...read more

A set of finance-related questions including liquidity ratio, percentage calculation, bills payable, and journal entry for trade payable.

• Liquidity ratio measures a company's ability to pay off its short-term debts using its current assets.

• 70% of 80 is 56.

• Bills payable is a liability account that tracks the amount a company owes to its suppliers for goods or services received but not yet paid for.

• The journal entry for trade payable involves crediting accounts payable and debit...read more

The 3 golden rules of accounting are: 1. Debit the receiver, credit the giver. 2. Debit what comes in, credit what goes out. 3. Debit expenses and losses, credit income and gains.

• Debit the receiver, credit the giver

• Debit what comes in, credit what goes out

• Debit expenses and losses, credit income and gains

A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.

• It shows the company's assets, liabilities, and shareholders' equity.

• Assets are what the company owns, such as cash, inventory, and property.

• Liabilities are what the company owes, such as loans and accounts payable.

• Shareholders' equity represents the company's net worth.

• The balance sheet follows the formula: Assets = Liabilities + Shareholders' Equit...read more

Depreciation is the allocation of the cost of a tangible asset over its useful life.

• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.

• It reflects the wear and tear, age, and obsolescence of the asset.

• Common methods of depreciation include straight-line, double-declining balance, and units of production.

• Example: A company buys a machine for $10,000 with a useful life of 5 years. Using straight-line depreciation, the annual depreciation ...read more

To create a dashboard and pivot table, use data visualization tools like Excel or Tableau.

• Use Excel or Tableau to create a dashboard and pivot table

• Import the data into the tool

• Select the relevant data for the dashboard

• Design the layout and choose appropriate visualizations

• Create pivot table to summarize and analyze the data

• Customize the dashboard with filters, charts, and graphs

• Ensure the dashboard is user-friendly and provides actionable insights