Invisor Global interview questions

The interview was all related to basics of accounting and finance. Prepare basics like Golden rules of accounting, prepaid and postpaid, methods of depreciation, what is GAAP, IFRS,AS etc .

In bank reconciliation, when dealing with outstanding checks, you typically SUBTRACT the amount of each outstanding check from the CASH BOOK (company's records) balance, not add it. This adjustment is made to reconcile the difference between the bank statement and the company's records.