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<title>Common Interview Questions | Published Questions | Accounting Interview Questions</title>
<link>http://commoninterview.com</link>
<description>The source for Job Interview Questions and Job Search Networking</description>
<pubDate>Thu, 02 Feb 2012 23:21:54 MST</pubDate>
<language>en</language>
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<title><![CDATA[What are the advantages of the demat account?]]></title>
<link>http://commoninterview.com/accounting-interview-questions/what-are-the-advantages-of-the-demat-account/</link>
<comments>http://commoninterview.com/accounting-interview-questions/what-are-the-advantages-of-the-demat-account/</comments>
<pubDate>Fri, 03 Feb 2012 00:21:54 MST</pubDate>
<dc:creator></dc:creator>
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<guid>http://commoninterview.com/accounting-interview-questions/what-are-the-advantages-of-the-demat-account/</guid>
<description><![CDATA[Sample answer:A demat account is similar to a saving bank account with a difference that instead of money shares are held electronically in this <br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[How would you call an expense incurred in the unsuccessful attempt to realize payment of a Account Receivable?  Give an example.]]></title>
<link>http://commoninterview.com/accounting-interview-questions/how-would-you-call-an-expense-incurred-in-the-unsuccessful-attempt-to-realize-payment-of-a-account-receivable-give-an-example-/</link>
<comments>http://commoninterview.com/accounting-interview-questions/how-would-you-call-an-expense-incurred-in-the-unsuccessful-attempt-to-realize-payment-of-a-account-receivable-give-an-example-/</comments>
<pubDate>Fri, 03 Feb 2012 00:19:40 MST</pubDate>
<dc:creator></dc:creator>
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<guid>http://commoninterview.com/accounting-interview-questions/how-would-you-call-an-expense-incurred-in-the-unsuccessful-attempt-to-realize-payment-of-a-account-receivable-give-an-example-/</guid>
<description><![CDATA[Sample Answer:Expenses incurred in an unsuccessful attempt to realize a payment of an account receivable are termed as ‘Uncollectable Account Exp<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[What are Natural Accounts? Give example from your practice]]></title>
<link>http://commoninterview.com/accounting-interview-questions/what-are-natural-accounts-give-example-from-your-practice/</link>
<comments>http://commoninterview.com/accounting-interview-questions/what-are-natural-accounts-give-example-from-your-practice/</comments>
<pubDate>Fri, 03 Feb 2012 00:16:12 MST</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://commoninterview.com/accounting-interview-questions/what-are-natural-accounts-give-example-from-your-practice/</guid>
<description><![CDATA[Sample answer:Natural accounts are user defined accounts. In these data is captured at the transaction level. Natural accounts exist for all five<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[What is GAAP? Name at least three of the principles]]></title>
<link>http://commoninterview.com/accounting-interview-questions/what-is-gaap-name-at-least-three-of-the-principles/</link>
<comments>http://commoninterview.com/accounting-interview-questions/what-is-gaap-name-at-least-three-of-the-principles/</comments>
<pubDate>Fri, 03 Feb 2012 00:13:21 MST</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://commoninterview.com/accounting-interview-questions/what-is-gaap-name-at-least-three-of-the-principles/</guid>
<description><![CDATA[Sample answer:The term GAAP - Generally Accepted Accounting Principles refers to the common principles, standards that companies resort to for co<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Define cash and accrual methods of accounting, what are the advantages/disadvantages of each method?]]></title>
<link>http://commoninterview.com/accounting-interview-questions/define-cash-and-accrual-methods-of-accounting-what-are-the-advantagesdisadvantages-of-each-method/</link>
<comments>http://commoninterview.com/accounting-interview-questions/define-cash-and-accrual-methods-of-accounting-what-are-the-advantagesdisadvantages-of-each-method/</comments>
<pubDate>Fri, 03 Feb 2012 00:11:40 MST</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://commoninterview.com/accounting-interview-questions/define-cash-and-accrual-methods-of-accounting-what-are-the-advantagesdisadvantages-of-each-method/</guid>
<description><![CDATA[Sample answer:There are two methods of accounting - Cash Based Accounting and Accrual Method of Accounting. The main difference between the two m<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Can you describe income statement and name it limitations?]]></title>
<link>http://commoninterview.com/accounting-interview-questions/can-you-describe-income-statement-and-name-it-limitations/</link>
<comments>http://commoninterview.com/accounting-interview-questions/can-you-describe-income-statement-and-name-it-limitations/</comments>
<pubDate>Fri, 03 Feb 2012 00:10:20 MST</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://commoninterview.com/accounting-interview-questions/can-you-describe-income-statement-and-name-it-limitations/</guid>
<description><![CDATA[Sample answer:Also known as ‘profit and loss statement', ‘statement of revenue and expenses' it is one of the three major financial statements. I<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[What are the trial balance limitations?]]></title>
<link>http://commoninterview.com/accounting-interview-questions/what-are-the-trial-balance-limitations/</link>
<comments>http://commoninterview.com/accounting-interview-questions/what-are-the-trial-balance-limitations/</comments>
<pubDate>Fri, 03 Feb 2012 00:08:15 MST</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://commoninterview.com/accounting-interview-questions/what-are-the-trial-balance-limitations/</guid>
<description><![CDATA[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 basi<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[What is the purpose of the trial balance? ]]></title>
<link>http://commoninterview.com/accounting-interview-questions/what-is-the-purpose-of-the-trial-balance-/</link>
<comments>http://commoninterview.com/accounting-interview-questions/what-is-the-purpose-of-the-trial-balance-/</comments>
<pubDate>Fri, 03 Feb 2012 00:06:58 MST</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://commoninterview.com/accounting-interview-questions/what-is-the-purpose-of-the-trial-balance-/</guid>
<description><![CDATA[Sample Answer:A trial balance is an accounting worksheet in which the balances from all ledgers maintained in the business are compiled under the<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[What is the accounting equation?]]></title>
<link>http://commoninterview.com/accounting-interview-questions/what-is-the-accounting-equation/</link>
<comments>http://commoninterview.com/accounting-interview-questions/what-is-the-accounting-equation/</comments>
<pubDate>Fri, 03 Feb 2012 00:04:38 MST</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://commoninterview.com/accounting-interview-questions/what-is-the-accounting-equation/</guid>
<description><![CDATA[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<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[What are the five basic categories in which all accounts are grouped?]]></title>
<link>http://commoninterview.com/accounting-interview-questions/what-are-the-five-basic-categories-in-which-all-accounts-are-grouped/</link>
<comments>http://commoninterview.com/accounting-interview-questions/what-are-the-five-basic-categories-in-which-all-accounts-are-grouped/</comments>
<pubDate>Fri, 03 Feb 2012 00:01:44 MST</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://commoninterview.com/accounting-interview-questions/what-are-the-five-basic-categories-in-which-all-accounts-are-grouped/</guid>
<description><![CDATA[Sample answer:An ‘account' is the most basic concept of accounting. Accounts are maintained to record information. It is a specific location wher<br/><br/>1 Vote(s) ]]></description>
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