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Wells Fargo
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I applied via Able Jobs and was interviewed in Apr 2024. There was 1 interview round.
I applied via Recruitment Consulltant and was interviewed in Feb 2024. There was 1 interview round.
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
Involves recording financial transactions
Summarizing financial data in financial statements
Analyzing financial information to make business decisions
Reporting financial results to stakeholders
Examples: preparing balance sheets, income statements, cash flow statements
A record of financial transaction is a detailed account of all the financial activities of an individual or organization.
Includes details such as date, amount, description, and parties involved
Used for tracking income, expenses, and overall financial health
Can be in the form of bank statements, receipts, invoices, or accounting software reports
Wells Fargo interview questions for designations
Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
Balance sheet provides a snapshot of a company's financial position
It consists of assets (what the company owns), liabilities (what the company owes), and shareholders' equity (the difference between assets and liabilities)
The balance sheet equation is: Assets = Liabilities + Sharehold...
General ledger is a complete record of financial transactions of a company, organized by accounts.
It is a key component of the accounting system
It includes all assets, liabilities, revenue, and expenses
Helps in tracking financial transactions and preparing financial statements
Provides a snapshot of a company's financial health at a specific point in time
Accrued interest is the interest that accumulates on a financial instrument between the payment dates.
Accrued interest is the interest that has been earned but not yet paid out or received.
It is typically calculated on a daily basis and added to the principal at the end of an interest period.
Accrued interest is common in bonds, where interest payments may be made semi-annually or annually.
Investors who purchase a bond ...
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I applied via Referral
Markets offer dynamic and challenging environments that require constant adaptation and innovation.
Markets provide opportunities for growth and expansion
Competition in markets drives innovation and efficiency
Markets offer diverse career paths and opportunities for personal development
I applied via Naukri.com and was interviewed before Aug 2020. There were 5 interview rounds.
I applied via Company Website and was interviewed in Mar 2021. There were 3 interview rounds.
I applied via LinkedIn and was interviewed in Dec 2020. There were 3 interview rounds.
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