RTR Analyst

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RTR Analyst Interview Questions and Answers

Updated 5 Apr 2023

Q1. Journal entry for prepaid expenses

Ans.

Prepaid expenses journal entry involves debiting prepaid expense account and crediting cash account.

  • Prepaid expenses are expenses paid in advance but not yet incurred.

  • Journal entry for prepaid expenses involves debiting prepaid expense account and crediting cash account.

  • Prepaid expense account is an asset account and is shown on the balance sheet.

  • Example: Rent paid in advance for the next 6 months.

  • Example: Insurance premium paid in advance for the next year.

Q2. Journal entry for accrued interest

Ans.

Accrued interest journal entry is a debit to interest expense and a credit to accrued interest payable.

  • Debit interest expense account for the amount of interest accrued

  • Credit accrued interest payable account for the same amount

  • Accrued interest is the interest that has been earned but not yet received or paid

  • Example: Debit Interest Expense $500, Credit Accrued Interest Payable $500

Q3. End to end accounting process

Ans.

End to end accounting process involves all the steps from recording transactions to preparing financial statements.

  • The process starts with recording transactions in journals and ledgers.

  • Then, the transactions are summarized in trial balance and adjusted in adjusting entries.

  • Financial statements are prepared using the adjusted trial balance.

  • The process ends with closing entries and preparing post-closing trial balance.

  • Examples of end to end accounting process include accounts ...read more

RTR Analyst Jobs

RTR Analyst 1-5 years
Capgemini
3.7
Bangalore / Bengaluru
RTR Analysts 4-9 years
Integrated Personnel Services
0.0
Kolkata
Job Opportunity_ RTR Analyst_ Bhubaneswar 4-9 years
Bgps Management Solutions
0.0
₹ 15 L/yr - ₹ 25 L/yr
Bhubaneswar
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