Interview Questions Answers.ORG
Interviewer And Interviewee Guide
Interviews
Quizzes
Home
Quizzes
Interviews Accounts Interviews:Account ExecutiveAccount ManagementAccountingAccounting ManagerAccounts PayableAccounts Receivable ClerkAdvertising Account ExecutiveAssistant AccountsAuditBankingBookkeeping ClerkClerk Accounts PayableCost AccountingExecutive AccountsJunior AccountantKey Account ManagersPayroll AssistantPayroll SpecialistSecretary AccountantSenior Accountant
Copyright © 2018. All Rights Reserved
Accounting Manager Interview Question:
How you can adjust entries into account?
Submitted by: MuhammadTo adjust entries into account, you can sort entries into five categories.
☛ Accrued expenses: Expenses have been incurred but the vendors invoices are not generated or processed yet
☛ Accrued revenues: Revenues have been earned but the sales invoices are not generated or processed yet
☛ Deferred revenues: Money was received in advance of having been paid or earned
☛ Deferred expenses: Money was paid for a future expense
☛ Depreciation expense: An asset purchased in one period must be allocated to expense in each of the accounting periods of the asset's useful life
Submitted by: Muhammad
☛ Accrued expenses: Expenses have been incurred but the vendors invoices are not generated or processed yet
☛ Accrued revenues: Revenues have been earned but the sales invoices are not generated or processed yet
☛ Deferred revenues: Money was received in advance of having been paid or earned
☛ Deferred expenses: Money was paid for a future expense
☛ Depreciation expense: An asset purchased in one period must be allocated to expense in each of the accounting periods of the asset's useful life
Submitted by: Muhammad
Copyright 2007-2024 by Interview Questions Answers .ORG All Rights Reserved.
https://InterviewQuestionsAnswers.ORG.
https://InterviewQuestionsAnswers.ORG.