Various accounts books required by the business maintained called as ledger
Tuesday, December 22, 2015
Friday, December 18, 2015
12 lakh salary
12,00,000 Lak Salary Offered By AIRTEL For Graduates
Company Name : AIRTEL
Designation : Software Engineer
Qualification : B.E/B.Tech
Location : Gurgaon
Salary : 12 ,00,000 Lacs
Job Details:
We are looking for an iOS Developer who possesses a passion for pushing mobile technologies to the limits and will work with our team of talented engineers to design and build the next generation of our mobile applications.
Resposibilities:
=>Design and build advanced applications for the iOS platform
=>Collaborate with cross-functional teams to define, design, and ship new features.
=>Unit-test code for robustness, including edge cases, usability, and general reliability.
=>Work on bug fixing and improving application performance.
=>Continuously discover, evaluate, and implement new technologies to maximize development efficiency.
Skills and requirements:
=>BE/ B.tech degree in Computer Science, Engineering or a related subject
=>Proven working experience in software development
=>Working experience in iOS development
=>Experience with third-party libraries and APIs
=>Familiar with Objective C and C++, Swift, Sqlite Query Language , SSL Integartion, Rest And Soap API, External Lib Integartion, Cross Platform language integration , Push Notification, Cocoa Libraries , Cocoa Language, Mac Application Development, Storyboard, Oops Concept, Xcode Debugger Tool, Memory Management, Sprite Kit, Social Networking Integartion Job Description: We are looking for an iOS Developer who possesses a passion for pushing mobile technologies to the limits and will work with our team of talented engineers to design and build the next generation of our mobile applications.
Profile 2: App developer (Android)
Job Description: We are looking for an Android Developer who possesses a passion for pushing
mobile technologies to the limits and will work with our team of talented
engineers to design and build the next generation of our mobile applications.
Resposibilities:
=>Design and build advanced applications for the android platform
=>Collaborate with cross-functional teams to define, design, and ship new features.
=>Work with outside data sources and API's
=>Unit-test code for robustness, including edge cases, usability, and general reliability.
=>Work on bug fixing and improving application performance.
=>Continuously discover, evaluate, and implement new technologies to maximize development efficiency.
Skills and requirements:
=>BE/ B.tech degree in Computer Science, Engineering or a related subject
=>Proven working experience in Android development
=>Have published at least one original Android app
=>Experience with Android SDK
=>Experience with third-party libraries and APIs
=>Working knowledge of the general mobile landscape, architectures, trends, and emerging technologies
=>Solid understanding of the full mobile development life cycle.
=>Familiar with Core Java, Sqlite Query Language , SSL Integartion, Rest And Soap API, External Lib Integartion, Cross Platform language integration , Push Notification, Memory Management, Sprite Kit, Social Networking Integartion, Design Pattern
Profile 3: Front-end developers
Job Description: We are looking for a Front-End Web Developer who is motivated to combine the art of design with the art of programming. Responsibilities will include translation of the UI/UX design wireframes to actual code that will produce visual elements of the application. You will work with the UI/UX designer and bridge the gap between graphical design and technical implementation, taking an active role on both sides and defining how the application looks as well as how it works.
Resposibilities:
=>Technical design, implementation, deployment, and support.
=>Partner with Business Analysts to review and implement business requirements.
=>Perform development and unit testing, working closely with Business.
=>Mentors and oversees development of resources, including reviewing designs and performing code reviews.
Skills and requirements:
=>BE/ B.tech degree in Computer Science, Engineering or a related subject
=>Proficient understanding of web markup, including HTML5, CSS3
=>Basic understanding of server-side CSS pre-processing platforms, such as LESS and SASS
=>Proficient understanding of client-side scripting and JavaScript frameworks, including jQuery
=>Good understanding of advanced JavaScript libraries and frameworks, such as AngularJS, KnockoutJS, BackboneJS, ReactJS, DurandalJS etc.
=>Good understanding of asynchronous request handling, partial page updates, and AJAX
=>Basic knowledge of image authoring tools, to be able to crop, resize, or perform small adjustments on an image. Familiarity with tools such as as Gimp or Photoshop is a plus.
=>Proficient understanding of cross-browser compatibility issues and ways to work around them.
=>Proficient understanding of code versioning tools, such as Git / SVN
=>Good understanding of SEO principles and ensuring that application will adhere to them.
Apply Mode : Online
Note: Open Below Links and Apply for Airtel Jobs
To Apply : Click Here
For More Details : Click Here
Friday, November 27, 2015
Indian Accounting Standards
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The Companies (Indian Accounting Standards) Rules, 2015.
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Accounting Standards
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Accounting Standards
(ICAI)
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Accounting Standards for Local Bodies (ASLB), ‘Financial
Reporting under Cash Basis of Accounting’
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Thursday, November 26, 2015
Interview types of Questions
Different types of interview Questions
What are your strengths and weaknesses?
Why do you want towork at our company?
What is the difference between confidence and over confidence?
What is the difference between hard work and smart work?
How do you feel about working nights and weekends?
Are you willing to relocate or travel?
What motivates you to do good job?
Give me an example of your creativity.
How long would you expect to work for us if hired?
Are not you overqualified for this position?
What are your career options right now?
Explain how would be an asset to this organization?
What are your outside interests?
Would you lie for the company?
Who has inspired you in your life and why?
What was the toughest decision you ever had to make?
Have you considered starting your own business?
How do you define success and how do you measure up to your own definition?
How much salary do you expect?Where do you see yourself five years from now?
Do you have any questions for me?
Preparation tips for interview round
Planning
How to prepare?What to prepare?
Searching/Reading About
company applied Profile and its Duties and Responsibilities. Working conditions interviewer
Preparation
Read your resume properly prepare questions to ask or to be asked rehearse interview anticipate the obvious questions during the interview work out a strategy for dealing with stress read vacancy details, employer's literature - what they are and what they want
Dressing
Conservative two-piece business suit (solid dark blue or grey is best)Conservative long-sleeved shirt / blouse (white is best, pastel is next best)Clean, polished conservative shoes well-groomed hairstyle clean, trimmed fingernails minimal cologne or perfume empty pockets--no bulges or tinkling coins no gum, candy or cigarettes light briefcase or portfolio casino visible body piercing (nose rings, eyebrow rings, etc)
First Impression
Arrive 15 minutes before time make a good entrance. Good Body language - handshake, posture, eye contact. Smile
At Interview
Be yourself be honest be prepared to talk - but not too much don't be afraid to ask for clarification Illustrate your answers with examples be ready to sell yourself be interested
Follow up/Closing the Interview
Read employer's body language thank him/her for his/her time learn from the experience - ask for feedback if necessary
Wednesday, November 25, 2015
What is BRS?
A bank reconciliation statement is a statement where in the
causes responsible for the difference between the cash book
balance and the pass book balance(as per bank balance) is
ascertained and suitable adjustments are made thereon so
that the balance of both the books are reconciled or agreed
with each other.
A bank reconciliation statement can be started either with a
cash book balance or with a pass book balance.
Reasons for difference
1. Deposits made by the third party directly to the bank.
2. Cheque deposited by into the bank but not yet cleared.
3. Interest & charges debited or credited by bank.
4. Cheque issued but not presented for payment by the third
party.
What is accounting?
Accounting Definition
Technical definitions of accounting have been published by different accounting bodies. The American Institute of Certified Public Accountants (AICPA) defines accounting as:
the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least of financial character, and interpreting the results thereof.
What is journal?
journal
An accounting record where all business transactions are originally entered. A journal details which transactions occurred and what accounts were affected. Journal entries are usually recorded in chronological order, and using the double-entry method of bookkeeping.
Tuesday, November 24, 2015
Types of cheques?
DIFFERENT TYPE OF CHEQUES ISSUED IN INDIA
A cheque is a payment instrument that is issued by a bank account holder for making payments to an individual or company and cash withdrawals from the bank. Apart from that, it also facilitates funds transfer to another bank account. For instance, you can make cash payment for a utility bill or you can do it by writing a cheque. The biggest benefit of a cheque is that it allows high value transactions which may become a bit cumbersome if hard cash was used instead.
The following details are necessary in a cheque –
A cheque must be drawn upon a specified bank (Drawee).A cheque must be signed by the person (Drawer) issuing the cheque.A cheque must have the name of the recepient (Payee) of the cheque.A cheque must mention the amount of money in words and figures.A cheque must be dated.
Classification of Cheques:
A cheque is one of the safest modes of making payment as there is an entry against the cheque honoured by the bank that can be traced back if needed.
Based on the location, cheques are classified as: –
Local cheques:
If issued by a bank in the same city as the payee.
Outstation cheques:
If a given city’s local cheque is presented elsewhere it becomes an outstation cheque and may attract some nominal but fixed banking charges.
At par cheque:
is a cheque which is accepted at par at all its branches across the country. Unlike local cheque it can be present across the country without attracting additional banking charges.
Based on its value, cheques are classified as: –
Normal Value cheques:
Cheques below the amount of Rs. 1 lakh are called normal value cheques.
High Value cheques:
Cheque bearing an amount higher than Rs. 1 lakh is a high value cheque.
Gift cheques:
Cheques used for gifting money to loved ones are gift cheques. The value may vary from Rs. 100 to Rs. 10,000.
Cheques are mainly of four types:-
1) Open cheque:
A cheque is called open when it is possible to get cash over the counter at the bank. The holder of an open cheque can receive payment over the counter at the bank, deposit the cheque in his own account or pass it to someone else by signing on the back of a cheque.
2) Bearer cheque:
A cheque which is payable to any person who presents it for payment at the bank counter is called ‘Bearer cheque’. A bearer cheque can be transferred by mere delivery and requires no endorsement.
3) Order cheque:
It is the one which is payable to a particular person. In such a cheque the word ‘bearer’ may be cut out or cancelled and the word ‘order’ may be written. The payee can transfer an order cheque to someone else by signing his or her name on the back of it.
4) Crossed cheque:
When a cheque is crossed, the holder cannot encash it at the counter of the bank. The payment of such cheque is only credited to the bank account of the payee. Crossed cheque is done by drawing two parallel lines across top left corner of the cheque, with or without writing ‘Account payee’ in the space between the lines.
Banks also offer various cheques which guarantee payments.
A self cheque:
is written by the account holder as pay self to receive money in physical form from the branch where he holds his account. This can be alternated by using an ATM card.
Post-dated cheque (PDC):
A PDC is a form of a crossed or account payee bearer cheque but post-dated to meet the said financial payment at a future date. The cheque is valid from the date of issue to three months.
A Banker’s cheque:
A banker’s cheque is issued by a bank drawing money from its own funds rather than that from an account holder’s. Banker’s cheque is issued after the bank verifies the account status of the requestor and the amount is immediately deducted from the customer’s account. A banker’s cheque cannot be dishonored as in the case of a normal cheque, when an account holder has insufficient funds in his/her account. Though different from a normal cheque it requires clearing too.
A Traveller’s cheque:
It is a printed open type cheque issued as an alternate for carrying around cash while travelling abroad or on a vacation to a foreign country as they come with a replacement guarantee and lifelong validity. Traveler’s cheques are widely accepted by merchants, restaurants and other recreational organizations. The unused cheques from the recent trip can be used for your next trip.
Monday, November 23, 2015
What is ledger?
What is a Ledger?
A ledger is an accounting book that facilitates the transfer of all journal entries in a chronological sequence to individual accounts. The process of recording journal entries into the ledger is called posting.
Type of ledger collect information from
General Ledger
The general ledger accumulates information from journals. Each month all journals are totalled and posted to the General Ledger. The purpose of the General Ledger is therefore to organise and summarise the individual transactions listed in all the journals.
Debtors Ledger
The Debtors Ledger accumulates information from the sales journal. The purpose of the Debtors Ledger is to provide knowledge about which customers owe money to the business, and how much. More information on Debtors Ledger
Creditors Ledger
The Creditors Ledger accumulates information from the purchases journal. The purpose of the Creditors Ledger is to provide knowledge about which suppliers the business owes money, and how much.
Depreciation methods
Depreciation methods based on time
Straight line method
Declining balance method
Sum-of-the-years'-digits method
Straight Line Depreciation Method
[Example, Straight line depreciation]
On April 1, 2011, Company A purchased an equipment at the cost of $140,000. This equipment is estimated to have 5 year useful life. At the end of the 5th year, the salvage value (residual value) will be $20,000. Company A recognizes depreciation to the nearest whole month. Calculate the depreciation expenses for 2011, 2012 and 2013 using straight line depreciation method.
Depreciation for 2011
= ($140,000 - $20,000) x 1/5 x 9/12 = $18,000
Depreciation for 2012
= ($140,000 - $20,000) x 1/5 x 12/12 = $24,000
Depreciation for 2013
= ($140,000 - $20,000) x 1/5 x 12/12 = $24,000
Declining Balance Depreciation Method
Book value = Cost - Accumulated depreciation
Depreciation rate for double declining balance method
= Straight line depreciation rate x 200%
Depreciation rate for 150% declining balance method
= Straight line depreciation rate x 150%
[Example, Double declining balance depreciation]
On April 1, 2011, Company A purchased an equipment at the cost of $140,000. This equipment is estimated to have 5 year useful life. At the end of the 5th year, the salvage value (residual value) will be $20,000. Company A recognizes depreciation to the nearest whole month. Calculate the depreciation expenses for 2011, 2012 and 2013 using double declining balance depreciation method.
Useful life = 5 years --> Straight line depreciation rate = 1/5 = 20% per year
Depreciation rate for double declining balance method
= 20% x 200% = 20% x 2 = 40% per year
Depreciation for 2011
= $140,000 x 40% x 9/12 = $42,000
Depreciation for 2012
= ($140,000 - $42,000) x 40% x 12/12 = $39,200
Depreciation for 2013
= ($140,000 - $42,000 - $39,200) x 40% x 12/12 = $23,520
Double Declining Balance Depreciation Method
year book Value
at the beginning depreciation rate depreciation expense book Value at the year-end2011$140,00040%$42,000 (*1)$98,0002012$98,00040%$39,200 (*2)$58,8002013$58,80040%$23,520 (*3)$35,2802014$35,28040%$14,112 (*4)$21,1682015$21,16840%$1,168 (*5)$20,000
(*1) $140,000 x 40% x 9/12 = $42,000
(*2) $98,000 x 40% x 12/12 = $39,200
(*3) $58,800 x 40% x 12/12 = $23,520
(*4) $35,280 x 40% x 12/12 = $14,112
(*5) $21,168 x 40% x 12/12 = $8,467
--> Depreciation for 2015 is $1,168 to keep book value same as salvage value.
--> $21,168 - $20,000 = $1,168 (At this point, depreciation stops.)
[Example, 150% declining balance depreciation]
On April 1, 2011, Company A purchased an equipment at the cost of $140,000. This equipment is estimated to have 5 year useful life. At the end of the 5th year, the salvage value (residual value) will be $20,000. Company A recognizes depreciation to the nearest whole month. Calculate the depreciation expenses for 2011, 2012 and 2013 using double declining balance depreciation method.
Useful life = 5 years --> Straight line depreciation rate = 1/5 = 20% per year
Depreciation rate for double declining balance method
= 20% x 150% = 20% x 1.5 = 30% per year
Depreciation for 2011
= $140,000 x 30% x 9/12 = $31,500
Depreciation for 2012
= ($140,000 - $31,500) x 30% x 12/12 = $32,550
Depreciation for 2013
= ($140,000 - $31,500 - $32,550) x 30% x 12/12 = $22,785
150% Declining Balance Depreciation Method
Year Book Value
at the beginning Depreciation Rate Depreciation Experience Book Value at the year-end2011$140,00030%$31,500 (*1)$108,5002012$108,50030%$32,550 (*2)$75,9502013$75.95030%$22,785 (*3)$53,1652014$53,16530%$15,950 (*4)$37,2162015$37,21630%$11,165 (*5)$26,0512016$26,05130%$6,051 (*6)$20,000
(*1) $140,000 x 30% x 9/12 = $31,500
(*2) $108,500 x 30% x 12/12 = $32,550
(*3) $75,950 x 30% x 12/12 = $22,785
(*4) $53,165 x 30% x 12/12 = $15,950
(*5) $37,216 x 30% x 12/12 = $11,165
(*6) $26,051 x 30% x 12/12 = $7,815
--> Depreciation for 2016 is $6,051 to keep book value same as salvage value.
--> $26,051 - $20,000 = $6,051 (At this point, depreciation stops.)
Depreciation expense = (Cost - Salvage value) x Fraction
Fraction for the first year = n / (1+2+3+...+ n)
Fraction for the second year = (n-1) / (1+2+3+...+ n)
Fraction for the third year = (n-2) / (1+2+3+...+ n)
...
Fraction for the last year = 1 / (1+2+3+...+ n)
n represents the number of years for useful life.
[Example, Sum-of-the-years-digits method]
Company A purchased the following asset on January 1, 2011.
What is the amount of depreciation expense for the year ended December 31, 2011?
Acquisition cost of the asset --> $100,000
Useful life of the asset --> 5 years
Residual value (or salvage value) at the end of useful life --> $10,000
Depreciation method --> sum-of-the-years'-digits method
Calculation of depreciation expense
Sum of the years' digits = 1+2+3+4+5 = 15
Depreciation for 2011 = ($100,000 - $10,000) x 5/15 = $30,000
Depreciation for 2012 = ($100,000 - $10,000) x 4/15 = $24,000
Depreciation for 2013 = ($100,000 - $10,000) x 3/15 = $18,000
Depreciation for 2014 = ($100,000 - $10,000) x 2/15 = $12,000
Depreciation for 2015 = ($100,000 - $10,000) x 1/15 = $6,000
Sum of the years' digits for n years
= 1 + 2 + 3 + ...... + (n-1) + n = (n+1) x (n / 2)
Sum of the years' digits for 500 years
= 1 + 2 + 3 + ...... + 499 + 500
= (500 + 1) x (500 / 2) = (501 x 500) / 2 = 125,250
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