Yes, I am proficient in Excel and can use it for various accounting tasks such as data entry, creating spreadsheets, and performing calculations.
Yes, I am proficient in Excel and can use it for various accounting tasks such as data entry, creating spreadsheets, and performing calculations.
To record a bank deposit, you would make the following journal entry:
**Debit**: Bank Account
**Credit**: Cash Account (or the relevant income/receivable account)
Salaries are typically classified under the "Expenses" group in accounting.
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Yes, I am comfortable with this job.
**Fictitious Assets:** Fictitious assets are not real assets; they represent expenses or losses that have been incurred but are not tangible or physical, such as preliminary expenses or losses from the previous years.
**Cash Book:** A cash book is a financial journal that records all cash transactions, including cash receipts and cash payments.
**Day Book:** A day book is a record of daily transactions, typically used to track sales and purchases on a day-to-day basis before they are posted to the ledger.
**General Ledger:** A general ledger is a complete record of all financial transactions over the life of a company, organized by accounts.
**Employee Salary Deductions under Income Tax Act of India:** Employee salary deductions under the Income Tax Act of India include deductions for income tax, professional tax, provident fund contributions, and other applicable deductions as per the law.
The basic rules of accounting are:
1. **Debit and Credit Rule**: For every debit entry, there must be an equal and opposite credit entry.
2. **Assets = Liabilities + Equity**: This is the accounting equation that must always be in balance.
3. **Revenue Recognition**: Revenue is recognized when it is earned, regardless of when cash is received.
4. **Expense Recognition**: Expenses are recognized when they are incurred, regardless of when cash is paid.
A successful person in this role will need strong attention to detail, good organizational skills, effective communication, a proactive attitude, and the ability to work collaboratively in a team. They should also be adaptable to change and have a solid understanding of accounting principles.
I have [insert number] years of experience in the accounting and bookkeeping industry.
An Accounts Assistant / Book Keeper plays a crucial role in maintaining accurate financial records for businesses. Their responsibilities include recording daily transactions, managing ledgers, reconciling bank statements, preparing invoices, handling petty cash, and supporting senior accountants during audits and report preparation.
These professionals use accounting software such as Tally, QuickBooks, or Zoho Books to enter data and generate reports. They must also ensure compliance with tax laws, GST, and TDS regulations where applicable. Accuracy, attention to detail, and understanding of basic accounting principles are essential skills in this role.
Accounts Assistants are typically the backbone of a company’s finance department. They support budgeting processes, assist in preparing balance sheets and profit-loss accounts, and track receivables and payables. They often interact with vendors and clients for payment-related queries.
This role is ideal for commerce graduates or diploma holders in finance and accounts. Practical knowledge of MS Excel, spreadsheets, and taxation portals is a plus. Whether in small firms or large corporations, their role is foundational to maintaining financial transparency and compliance.