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External marketing summery
Broadcast the planning
Candidates qualifications
associate degree in accounting or business with up to two years’ experience in collections /accounting. Knowledge of the general accounting principles and procedures, book keeping principles and practices and college budget and accounting procedure, ability to interpret documents to prepare routine accounting reports and statements, routine correspondents, speak effectively before group of customers or employees of the organization is required. attention to detail and accuracy is essential in perfuming the functions of this job.
Interview summery
1. How many types of business transactions are there in accounting?
Ans.There are two types ie, revenue and capital.
Q2. Explain real and nominal accounts with examples.
Ans. A real account is an account of assets and liabilities. E.g. land account, building account, etc.A nominal account is an account of income and expenses. E.g. salary account, wages account, etc.
Q3. Which accounting platforms have you worked on? Which one do you prefer the most?
Ans. Describe the accounting platforms (QuickBooks, Microsoft Dynamic GP, etc.) that you have worked with and which one you liked the most.
Q4. What is double entry bookkeeping? What are the rules associated with it?
Ans. Double entry bookkeeping is an accounting principle where every debit has a corresponding credit. Thus, the total debit is always equal to the total credit. In this system, when one account is debited then another account gets credited at the same time.
Q5. What is working capital?
Ans. Working capital is calculated as current assets minus current liabilities, which is used in day-to-day trading.
Q6. How do you maintain accounting accuracy?
Ans. Maintaining the accuracy of an organisation’s accounting is an important activity as it can result in a huge loss. There are various tools and resources which can be used to limit the potential for errors to creep in and address quickly if any errors do arise.
Q7. What is TDS? Where do you show TDS on a balance sheet?
Ans. TDS (Tax Deducted at Source) is a concept aimed at collecting tax at every source of income. In a balance sheet, it is shown in the assets section, right after the head current asset.
Q9. What is the difference between a trial balance and a balance sheet?
Ans. A trial balance is the list of all balances in a ledger account and is used to check the arithmetical accuracy in recording and posting. A balance sheet, on the other hand, is a statement which shows the assets, liabilities and equity of a company and is used to ascertain its financial position on a particular date.
Q10. Is it possible for a company to show positive cash flows and still be in grave trouble?
Ans. Yes, if it shows an unsustainable improvement in working capital and involves lack of revenue going forward in the pipeline.
job offer :
here hiring team marking the learned experiences of and carrier goals of candidate .
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The washing ton country community college can support your continued learning and growth with this position by
1 trainee
2accountantant assistant
3accoundant head
Compensation :
Salary:$30638
other benefits :100%of helth insurance
Washington County Community College Discover Choices Creote Success Accounting Assistant This ful...
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