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The three branches of accounting are financial accounting, management accounting, and cost accounting.
Financial accounting focuses on reporting financial information to external stakeholders.
Management accounting involves providing financial information to internal management for decision-making.
Cost accounting deals with analyzing and controlling costs within a company.
Each branch serves a different purpose and audien
The accounting golden rules are basic principles that guide the process of recording financial transactions.
There are three types of accounting golden rules: Personal Account, Real Account, and Nominal Account.
Personal Account: Debit the receiver, credit the giver. Example: When cash is received from a customer, cash account is debited.
Real Account: Debit what comes in, credit what goes out. Example: Purchase of machin...
The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.
It lists a 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, calculated as assets m...
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 recording or posting transactions can be identified by preparing a trial balance.
Example: If the total debits and credits do ...
Working capital is the difference between a company's current assets and current liabilities.
Working capital is a measure of a company's operational efficiency and short-term financial health.
It represents the amount of liquid assets available to a company to fund its day-to-day operations.
Formula: Working Capital = Current Assets - Current Liabilities
Positive working capital indicates that a company has enough assets ...
Depreciation is the allocation of the cost of an asset over its useful life.
Depreciation is a non-cash expense that reduces the value of an asset over time.
Types of depreciation include straight-line, double declining balance, units of production, and sum-of-the-years-digits.
Straight-line depreciation evenly spreads the cost of an asset over its useful life.
Double declining balance front-loads depreciation expenses.
Uni...
Single Ops tool is a software that helps businesses manage their operations from a single platform.
It streamlines processes and improves efficiency
It can include features like scheduling, inventory management, and invoicing
Examples include ServiceTitan, Jobber, and Housecall Pro
I am a dedicated and hardworking individual with a passion for learning and growth.
I have a background in marketing and have worked in the industry for 5 years.
I am currently pursuing a Master's degree in Business Administration to further my skills and knowledge.
I am a team player and enjoy collaborating with others to achieve common goals.
I was interviewed before Oct 2016.
I know multiple programming languages including Java, Python, and C++.
Proficient in Java with experience in developing web applications using Spring framework
Familiar with Python for data analysis and machine learning
Experience in C++ for developing high-performance applications
Also familiar with HTML, CSS, and JavaScript for front-end development
Class is a blueprint for creating objects, encapsulation is the process of hiding data and methods within a class.
Class is a template or blueprint that defines the properties and behaviors of an object.
Encapsulation is the process of bundling data and methods together within a class, hiding the internal details from the outside world.
Other features of OOP include inheritance, polymorphism, and abstraction.
Inheritance a...
Program to find the sum of squares of each term of Fibonacci series
Generate Fibonacci series using loop or recursion
Calculate square of each term
Add all squares to get the sum
I would like to join Cognizant because of its reputation as a leading global technology and consulting company.
Cognizant has a strong presence in the industry and is known for its innovative solutions.
I am impressed by Cognizant's commitment to digital transformation and its ability to deliver value to clients.
The company offers excellent career growth opportunities and a supportive work environment.
Cognizant's diverse...
A C code that prints out the elements of an array of strings.
Declare an array of strings
Use a loop to iterate through the array
Print out each element
The probability of rain in Chennai today depends on various factors such as season, weather conditions, and location.
The probability can be estimated by analyzing the current weather patterns and historical data.
Factors such as humidity, temperature, and wind speed can affect the probability of rain.
Local weather forecasts and satellite imagery can also provide insights into the likelihood of rain.
The probability of ra...
It is impossible to accurately predict the probability of India winning the next Cricket World Cup.
Sports events are unpredictable and depend on various factors such as team performance, weather conditions, injuries, etc.
Past performance of the team and individual players can be considered, but it does not guarantee future success.
Other teams participating in the tournament also play a significant role in determining t...
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