Junior Accountant

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“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”



66 Junior Accountant Questions And Answers

61⟩ Explain us how do you handle stressful situations?

Well its the time when you are out of breath. I think outside the box at the situations. I will take a break and start fresh and ease myself and taking a break helps us to concentrate the work that is going to be done in the next few hours.

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62⟩ Explain what is Contingent Liabilities?

Contingent liability is an obligation, relating to a past transaction or other event or condition, that may arise in consequence, as a future event now deemed possible but not probable. Thus such liabilities as may arise in future are called contingent liabilities. For example: guarantee to a bank for loan advanced to a third party, possible penalties, fines and penalties payable to the government or income tax authorities etc. Future losses from natural calamities are not contingent liabilities. They are not recorded in books of account. They do not appear on the liabilities side of the balance sheet. They are shown by way of a footnote at the bottom of the balance sheet.

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65⟩ Express what are your greatest weaknesses?

My greatest weakness is I may not concern on details as I am a picture thinker. So,I will overcome this by list out every step before proceed it.Moreover,I will also plan for each of the step and write down the details.

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