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Accrual accounting is a method of accounting where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.
Revenue is recognized when it is earned, not necessarily when cash is received
Expenses are recorded when they are incurred, not necessarily when they are paid
Accrual accounting provides a more accurate picture of a company's financial position and performance over ...
Prepayment is an advance payment made for goods or services before they are received or delivered.
Prepayment is recorded as an asset on the balance sheet until the goods or services are received or delivered.
Once the goods or services are received or delivered, the prepayment is then recognized as an expense on the income statement.
Examples of prepayments include rent paid in advance, insurance premiums, and subscripti...
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I applied via Job hai and was interviewed in Aug 2023. There was 1 interview round.
Working capital is the difference between current assets and current liabilities. Bank reconciliation is the process of matching the balances in a company's accounting records to the corresponding information on a bank statement. Golden rules of accounting are basic principles that guide the process of recording financial transactions.
Working capital is calculated as current assets minus current liabilities.
Bank reconc...
I applied via Company Website and was interviewed in Mar 2021. There was 1 interview round.
I have 2 years of experience in accounting.
During my 2 years of experience, I have gained a strong understanding of accounting principles and practices.
I have experience in preparing financial statements, managing accounts payable and receivable, and reconciling bank statements.
I am proficient in using accounting software such as QuickBooks and Excel.
I have also developed strong analytical and problem-solving skills th...
I appeared for an interview in May 2022.
I applied via Indeed and was interviewed in Jun 2022. There were 2 interview rounds.
I applied via Naukri.com and was interviewed in May 2019. There were 3 interview rounds.
I applied via Campus Placement and was interviewed before Mar 2021. There were 5 interview rounds.
Simple aptitude questions which can be cleared upon basic preparation of quants and LR
General topics and current affairs
Air conditioning cools air by removing heat and humidity, using a refrigeration cycle involving refrigerants.
1. Refrigeration Cycle: Air conditioning systems use a refrigeration cycle, which involves evaporating and condensing refrigerants.
2. Components: Key components include the compressor, condenser, expansion valve, and evaporator.
3. Heat Exchange: The evaporator absorbs heat from indoor air, while the condenser re...
I am currently working as a Senior Sales Executive in my current company.
Responsible for managing a team of sales representatives
Developing and implementing sales strategies to achieve targets
Building and maintaining relationships with key clients
Analyzing market trends and competitor activities
Preparing sales reports and presenting them to senior management
I applied via LinkedIn and was interviewed in Apr 2024. There were 2 interview rounds.
based on 1 interview experience
based on 16 reviews
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