Latest Job Interview Questions » Accounting Interview Questions

Sample answer: Natural accounts are user defined accounts. In these data is captured at the transaction level. Natural accounts exist for all five ca ...
Sample answer: An ‘account’ is the most basic concept of accounting. Accounts are maintained to record information. It is a specific location whe ...
Sample Answer: Accounting equation is the basic equation that keeps all the accounts of the business in a balance. When a business is started, the ow ...
Sample Answer: A trial balance is an accounting worksheet in which the balances from all ledgers maintained in the business are compiled under the he ...
Sample Answer: A trial balance only enters the totals of credits against the total of debits. The fact that a trial balance tallies is only a basic a ...
Sample answer: Also known as ‘profit and loss statement’, ‘statement of revenue and expenses’ it is one of the three major financial statemen ...
Sample answer: There are two methods of accounting - Cash Based Accounting and Accrual Method of Accounting. The main difference between the two meth ...
Sample answer: The term GAAP – Generally Accepted Accounting Principles refers to the common principles, standards that companies resort to for com ...