INTERVIEW QUESTION AND ANSWERS

Why depreciation is not charged on land? F&A (FINANCE AND ACCOUNTS) INTERVIEW QUESTIONS You've been asked to prepare a bill for services. What information should be included in the bill? What are the factors to determine the net profit? How do you calculate Gratuity? What are the general deductions made while doing payroll for an employee in an organization? what is the difference between ledger and general ledger? How higher management in an organization gets benefited by payroll reports? How to exceed the funding budget amount limit in the actual journal? What is the difference between General Ledger and Final accounts? What is Accounts receivables? what is the Difference between Single Entry system & Double entry system? Why do companies need adjusting journal entries? What is about Future Period and Adjustment Period? how to implement multi org and how to define additional buisness groups? When yo

Tell Me About Yourself? What is Budgeting? What are the measures to be taken by a supervisor of accounting department to maintain quality? What is the difference between cash basis and accrual basis Balance Sheet? How do you book a letter of credit in your books? what are the various items fall in balance sheet How to place journal entry for purchase order in books of account ? Explain Variance Analysis with Example? How important role does a supervisor of accounting department plays in an organization? How to prepare funds flow statement? how many methods are used to calculate depreciation? What is difference between forecast and budget? What is the biggest challenge for being a Team leader or supervisor? Explain how the finance and accounting cycle works? What specifically do you do to set examples to your fellow employees? What cost-cutting measures have you implemented? What are the cost cutting measures a supervisor has to implement? What are the functions an