Interview Questions Answers.ORG
Interviewer And Interviewee Guide
Interviews
Quizzes
Home
Quizzes
Interviews Business and Economics Interviews:Account Manager AssistantAccountantAccounting ClerkAccounts ExecutiveAccounts OfficerAccounts Receivable (AR)AI AlgorithmsBPELBudgetingBusiness Development AssociateBusiness Development OfficerBusiness Development ResearcherBusiness Executive DevelopmentBusiness RatiosBusiness StrategyCA (Chartered Accountants)Change managementChief executive officer (CEO)Company Affairs (CS)Competitive StrategyCooperation SkillsCorporate StrategyCSCustomer ExperienceCustomer ServiceDeposit AccountEcommerce Customer Support ExecutiveEcommerce ManagerEconomicsExecutive International BusinessFinancialFixed AssetsGeneral AccountingGeneral LedgerGood SupervisorHospitality AccountingICWAImport Export SpecialistInsuranceIntegrated AuditsInventory AccountingInventory planning and controlManager Business UnitMerchandiserMergers & AcquisitionsNonprofit AccountingOrganizational IssuesOrganizational SkillsPayables ManagementPayroll ManagementPersonal AccountsPersonal Business AdviserPetty CashPrivate EquityProbation OfficerPublic relationsPurchase ExecutivePurchase PlannerPurchasing ManagerPurchasing OfficerQuality AuditsQuality MeasuresResearcher TraineeResponsibilityRetailRetaining Good EmployeesSecretary Accounts OfficerSenior Tax OfficerStrategy MethodsSuccessful StrategySweep AccountsTAX AccountantTaxationTransactional AccountsUser AccountWork Pressure
Copyright © 2018. All Rights Reserved
Inventory Accounting Interview Question:
Described accrual accounting?
Submitted by: AdministratorAccrual Accounting refers to the recording of financial transactions once an economic event has happened and it is not based on the movement of cash.
For example, in Accrual Accounting if you have office rent of $1000 per month, you would record the expense of $1000 each month, regardless if you have actually paid the rent or received an invoice from the property owner.
Most individuals live our daily lives in the cash basis of accounting. We get our paychecks we have revenue, when we pay our car note we have expense.
Submitted by:
For example, in Accrual Accounting if you have office rent of $1000 per month, you would record the expense of $1000 each month, regardless if you have actually paid the rent or received an invoice from the property owner.
Most individuals live our daily lives in the cash basis of accounting. We get our paychecks we have revenue, when we pay our car note we have expense.
Submitted by:
Copyright 2007-2024 by Interview Questions Answers .ORG All Rights Reserved.
https://InterviewQuestionsAnswers.ORG.
https://InterviewQuestionsAnswers.ORG.