Satra Infrastructure Management Services Project Coordinator Interview Questions and Answers

Balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

• Balance sheet provides a snapshot of a company's financial position

• It includes assets (what the company owns), liabilities (what the company owes), and equity (the difference between assets and liabilities)

• Trial balance sheet is a list of all the general ledger accounts with their balances at a spec...read more

I am looking for a competitive salary based on my experience and qualifications.

• I am open to discussing salary based on the responsibilities and expectations of the role.

• I have researched the average salary range for Project Coordinators in this industry.

• I am looking for a salary that reflects my skills and contributions to the team.

• I am flexible and willing to negotiate based on the overall compensation package offere...read more

Cash entry refers to recording the inflow or outflow of cash in an accounting system.

• Cash entry involves documenting the movement of cash in and out of a business

• It includes recording cash receipts and cash disbursements

• Examples of cash entries include receiving cash from a customer or paying cash for expenses

Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.

• Depreciation is a non-cash expense that reflects the decrease in value of an asset over time

• It is used to allocate the cost of an asset over its useful life

• Common methods of depreciation include straight-line, double-declining balance, and units of production

• Example: A company purchases a machine for $10,000...read more

A contra account is a general ledger account that is used to offset another account.

• Contra accounts have a balance that is opposite to the account it is associated with.

• They are used to reduce the balance of the related account without directly affecting it.

• Examples include Accumulated Depreciation (contra to the Asset account) and Sales Returns (contra to the Sales account).