Senior Associate Finance & Accounts Interview Questions and Answers

Answers to questions related to finance and IT industry

• DoR stands for Declaration of Readiness, which is a legal document that indicates a party's readiness to proceed with a legal action.

• Factoring is a financial transaction where a company sells its accounts receivable to a third party at a discount, while bill discounting is a short-term borrowing arrangement where a company borrows money from a bank by selling its bills before the due date.

• O2C cycle refers to the order-to-...read more

Golden rules of accounting are basic principles to maintain financial records accurately.

• Debit what comes in, credit what goes out

• Debit the receiver, credit the giver

• Debit all expenses and losses, credit all incomes and gains