R2R Lead Interview Questions and Answers

Journal of depreciation is a record of the decrease in value of an asset over time.

• Journal of depreciation is used to track the reduction in value of assets due to wear and tear, obsolescence, or other factors.

• It includes entries for depreciation expense and accumulated depreciation.

• The journal helps in accurately reflecting the true value of assets on the balance sheet.

• Example: A company purchases a machine for $10,000 and estimates its useful life to be 5 years. Each year, ...read more

SLA stands for Service Level Agreement, which is a contract between a service provider and a customer. Blackline is a cloud-based finance and accounting software platform.

• SLA defines the level of service a customer can expect from a service provider, including metrics like response time and resolution time.

• Blackline helps automate and streamline the financial close process, improving accuracy and efficiency.

• SLA is commonly used in IT services to ensure quality and performance...read more