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Natural accounts are user defined accounts. In these data is captured at the transaction level. Natural accounts exist for all five ca ...
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The term GAAP – Generally Accepted Accounting Principles refers to the common principles, standards that companies resort to for com ...
Define cash and accrual methods of accounting, what are the advantages/disadvantages of each method?
Posted by CMaster
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There are two methods of accounting - Cash Based Accounting and Accrual Method of Accounting. The main difference between the two meth ...
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A trial balance is an accounting worksheet in which the balances from all ledgers maintained in the business are compiled under the he ...
What is the accounting equation?
Posted by CMaster
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Accounting equation is the basic equation that keeps all the accounts of the business in a balance. When a business is started, the ow ...
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An ‘account’ is the most basic concept of accounting. Accounts are maintained to record information. It is a specific location whe ...
Have You Ever Fired Someone, if yes how it make you feel?
Posted by CMaster (http://www.everydayinterviewtips.com)
Good Answer
“Yes, I have. Though it is never easy, for the company to succeed, it must make tough decisions on those in its employ. Without making ...
What would you do if senior management demanded delivery of software in an impossible deadline?
Posted by CMaster
This is a variation of an iron triangle question:
The Project Management Triangle (called also Triple Constraint) is a model of the constraints of pr ...