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⟩ MBA Finance Balance sheet interview questions

How would you deal with following while preparing final accounts:

☼ Closing Stock

☼ Depreciation

☼ Outstanding Expenses

☼ Prepaid Expenses

☼ Accrued Income

☼ Income received in advance

☼ Bad debts

☼ Provision for doubtful debts

☼ Provision for discount on Debtors

☼ Interest on Capital

☼ Drawings

☼ Deferred revenue expenditure written off

☼ Abnormal Loss

☼ Goods distributed as free samples

☼ Goods sent on approval basis

☼ Commission payable to the manager

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