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The basic concept in accounting is the double-entry system, which involves recording every transaction in two accounts: debit and credit.
Double-entry system is the foundation of accounting
Every transaction is recorded in two accounts: debit and credit
Debit refers to the left side of an account and credit refers to the right side
Debit and credit must always balance
Examples: recording a sale, paying rent, receiving payme
Accrual concept is a method of accounting where revenues and expenses are recognized when 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
Accrual accounting provides a more accurate picture of a company's financial health
Example: A company provides services to a...
The three golden rules of accounting are the basis of recording financial transactions accurately.
The first rule is the Personal Account, which deals with transactions related to individuals or organizations.
The second rule is the Real Account, which deals with transactions related to assets, liabilities, and capital.
The third rule is the Nominal Account, which deals with transactions related to expenses, incomes, gain...
I applied via Company Website and was interviewed in Sep 2024. There were 7 interview rounds.
Employment business to the client confirming
Assignment including ant programs
Correspondence between the company
Clarifies the details of an assignment
Communicate the association
I applied via Naukri.com and was interviewed in Jun 2024. There were 2 interview rounds.
Full of 10 monthsof exp
What people are saying about Wipro
I applied via Job Portal and was interviewed in Sep 2023. There were 5 interview rounds.
Check my skill testing
I am a common man my life is my family
Wipro interview questions for designations
I applied via Approached by Company and was interviewed in Dec 2023. There were 2 interview rounds.
Haircuting dress shoo formal dress
I applied via Company Website and was interviewed in Aug 2023. There were 3 interview rounds.
How much salary expectation on this company
I applied via Approached by Company and was interviewed in Dec 2023. There was 1 interview round.
I applied via Indeed and was interviewed in Nov 2023. There were 2 interview rounds.
I was interviewed in Jul 2023.
Accounts background and tally
Tally is an accounting software used for financial record keeping and management by businesses.
Tally is a popular accounting software used by businesses to maintain financial records.
It helps in managing accounts, inventory, payroll, and other financial aspects of a business.
Tally provides features like invoicing, financial statements, and tax compliance.
It is used by accountants and financial professionals to streamli...
I applied via Company Website and was interviewed in Feb 2023. There were 2 interview rounds.
The duration of Wipro Accountant interview process can vary, but typically it takes about less than 2 weeks to complete.
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