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.
Tell me what is the difference between a trial balance and a balance sheet?
Tell me what sets you apart from others? Why should we prefer you over other applicants?
Explain me a Time When You’ve Helped Reduce Costs?
How would you handle an audit or discrepancy?
Explain me which accounting software are you familiar with?
Tell us how effective are your communication skills?
Tell me what is owner’s equity? How will you calculate it?
Tell me what is the adjustment entries made while preparing the final accounts from the Trial Balance?
Explain me what is Deferred Revenue Expenditure? Give some examples?
Describe yourself professionally in a few words?
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