Question { FactSet Systems, 27899 }

interview process in factset

Answer

1 st round written text
2 technical round one releted to subject
3 technical round 2 & general quactans
4 HR round

Question { Siyaram, 8812 }

What is trail balance? what is Profit & loss a/c ? what is
Balance sheet?

Answer

Trail balance:
it is a statement. it is prepared by besed on ledger closing information. it concist of in the debit side all expences, losses & assests. the main objective of preferation of trail balance to know the aurthamatit accurucy of the organization.

profit & loss a/c :
it is a financial statement. it consist of all indirect exp & incoms, poerating & non perating. main object of preparetion of p & l ac to know the net profit possition of the organation.

balance sheet:
it is one of the financial statement. it consist of assets & liabilities. main objective of preparetion balance sheet to know the financial posotion or condation of he organization.

Question { 19270 }

Wat is the journal entry for credit sales with vat

Answer

party a\c .........dr
TO sales a\c
to output vat a\c

Question { FactSet Systems, 16957 }

1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS
TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS
DEFFERED REVENUE EXPENDITURE? 6. what is mutualfund? 7. why
net profit shown liabilities side in balance sheet?

Answer

3.trial balance?

trial balance ia a simple statement. it consist of ledger
item balances. the maun objective of preparing trail
balance to arthamatic aquaressy & rettiffy the errors.

Question { Capital IQ, 18858 }

defferd revenue exp

Answer

the defferd revenue exp wihich is realeting both nature or
revenue & capital exp is known as a defferd revenue exp.
ex: hevy advatisements.
it will be discloused in profit debit site & balance
sheet assets side

Question { State Bank Of India SBI, 6558 }

What are current assets?

Answer

The current assets means those assets are easily converted into cash with in one year that type of assets treated as a current assets

like : cash in hand, casnh at banh, debtors, recievables, inventory, pre-paud expenses