41⟩ Tell us where do you see yourself in next 5 years?
I see my self an expert in my job gaining the experience and enhancing my knowledge, looking to be promoted to a higher position giving me the ability to gain skills in other positions.
“Junior Accountant related Frequently Asked Questions by expert members with job experience as Junior Accountant. These questions and answers will help you strengthen your technical skills, prepare for the new job interview and quickly revise your concepts”
I see my self an expert in my job gaining the experience and enhancing my knowledge, looking to be promoted to a higher position giving me the ability to gain skills in other positions.
☛ Trial balance is a list of balances from the ledger account while balance sheet is a statement of assets and liabilities.
☛ Trial balance contains balances of all personal, real and nominal accounts, while balance sheet contains balances of only those personal and real accounts which represent assets and liabilities.
☛ Trial balance is prepared before preparation of trading and profit and loss account, while balance sheet is prepared after the preparation of trading and profit and loss account.
☛ Trial balance is prepared to check the arithmetical accuracy of posting into ledger while balance sheet is prepared to indicate the financial position of the business on a particular date.
☛ Debt and credit balances are shown side by side while balance sheet is prepared on a T form basis, the left hand side showing liabilities while right hand side representing assets.
☛ Closing stock does not appear in the trial balance while it is shown on the assets side of balance sheet.
Ms Excel and word & power point And Accounting Package.
To discontinue with Honours in Accounting and focus on building my goal and vision.
Double entry bookkeeping follows the principle according to which every debit has a corresponding credit; hence total of all debits is always equal to the total of all credits. In this system, one account is debited and at the same time another account is credited by the similar amount.
Following are the rules for different account
☛ For Personal Accounts : Debit the receiver, Credit the giver.
☛ For Real Account : Debit what comes in, Credit what goes out.
☛ For Nominal Account : Debit all the expenses, Credit all the incomes.
By checking while doing them to make it in effective way and with complete knowledge.
I am very flexible with time, I have no dependents so working extra hours isnt an issue for me.
I like being a Team Leader although everybodys opinion and link counts as we all part of a chain,
I can finish work on time but some time I need more time to work on extra.
Owner’s equity, also known as capital of the business is the claim of the owner of the business against the assets of the business. Owner’s equity is calculated by subtracting equity of creditors from the total equity.
Debit note is an intimation sent to a person dealing with the business that his account is being debited for the purpose indicated therein. It is a note made out with a carbon duplicate. The original one is sent to the party to whom the goods are returned and the duplicate copy is kept for office record.
Credit note is an intimation sent to a person dealing with the business that his account is being credited for the purpose indicated therein.
Deferred Revenue Expenditure is a type of expenditure which does not result into the acquisition of any fixed asset and the benefits from such expenditure is not received during the period which they are paid for.
For example - Initial Advertisement Expenditure, Research and development Expenditure, Preliminary Expenses.
It was detailed, I work through how much money we made last year and made preparation through counting and analyzing the growth of the service, how much money we will need to be able to provide our service.
Talk about any reports and data analyses that you have done, including financial analyses and reports, evaluation, inventorying, reports on equipment and real estate, documentation of accounting systems, management of account tables and entries, etc.
I've had that situation only ones, However we had a very good lowers in the company that worked with them. I usually call and give them notification that they have to follow the contract.
I believe I can cope with pressure, work in a team and abide to orders given. I'm very motivated by nature and when it comes to strive for perfection, I'm among the first.
My dream job was to be an accountant because I love working with numbers, am detailed oreineted, and base on my personality trait identified by Myers Briggs test I am a perfect candidate to be an accountant.
I love maths, its really challenging, I believe its something everybody should love, I love identifying differences and solving them.
Your company is the best of the Financial Position and Society this company have a good image and I want to this type of company to worm on my future.
When you sign an confidentiality agreement, you cannot talk about anything. Papers that are confidential are printed on a separate printer. Banking statements comes to my laptop.