Credit Process Analyst Interview Questions and Answers

B/S stands for Balance Sheet, which represents the financial position of a company at a specific point in time. P&L stands for Profit and Loss statement, which shows the financial performance of a company over a specific period.

• Balance Sheet (B/S) provides a snapshot of a company's assets, liabilities, and shareholders' equity at a given date.

• It helps in assessing the financial health, liquidity, and solvency of a company.

• B/S includes items such as cash, accounts receivable, ...read more

B/S (Balance Sheet) shows a company's financial position at a specific point in time, while P&L (Profit and Loss) shows its financial performance over a period of time.

• B/S reports assets, liabilities, and equity at a specific date.

• P&L reports revenues, expenses, and net income over a period.

• B/S helps assess solvency and liquidity.

• P&L helps evaluate profitability and operational efficiency.

• Example: B/S shows cash, inventory, and debt as of December 31st, while P&L shows revenu...read more