Assistant Accounts Interview Question:

Top 55 Assistant Accountant Job Interview Questions:

Submitted by: Muhammad

☛ 1. What are the different branches of accounting?
☛ 2. What is the difference between cost accounting, financial accounting and managerial accounting?
☛ 3. What is the difference between book keeping and accounting?
☛ 4. What are the important terms which are used in accounting?
☛ 5. What is personal account, real account and nominal account?
☛ 6. Explain dual aspect concept in accounting?
☛ 7. What is the difference between mercantile system and accrual system of accounting?
☛ 8. What are bills receivable and bills payable?
☛ 9. What are the accounting concepts? Explain each of them.
☛ 10. What are the accounting principles?
☛ 11. What is owner's equity? How will you calculate it?
☛ 12. What are the rules of Debit and Credit?
☛ 13. What do you understand by the term assets and liabilities?
☛ 14. What is double entry book keeping?
☛ 15. What is bank reconciliation statement? What are the steps to calculate it?
☛ 16. What is overhead in accounting terms?
☛ 17. What is the difference between cash flow and fund flow statements?
☛ 18. What is debit note and credit note? What is the difference between them?
☛ 19. What are the golden rules of accounting?
☛ 20. What is an adjusting journal entry?
☛ 21. What is deferred account?
☛ 22. Explain Accounting 101?
☛ 23. What are accounting entities?
☛ 24. What is the Provision? What is the Entry for Provision?
☛ 25. What is the Importance of accounting standards?
☛ 26. What are the functions of accounting?
☛ 27. What is Contingent Liabilities?
☛ 28. Why Accounting is important in business?
☛ 29. What are the four classifications of Bad and Doubtful Debts as per the context of the Bank?
☛ 30. What is an operative accounts?
☛ 31. What is the difference between Accounts and Finance?
☛ 32. What is FBT (Fringe Benefit Tax)?
☛ 33. What is the relationship between bookkeeping and accounting?
☛ 34. Why does the accounting equation have to balance?
☛ 35. What is the difference between accounting and bookkeeping?
☛ 36. What is accounting period?
☛ 37. What is an accounting loss?
☛ 38. What is an EA in accounting?
☛ 39. What is the software applications used for accounts receivable?
☛ 40. What is inventory management?
☛ 41. What do you mean by Working Capital?
☛ 42. Define "book value" as applied to accounting?
☛ 43. What are the basic assumptions in accounting?
☛ 44. What is accounting normalization?
☛ 45. What are the various items fall under balance sheet?
☛ 46. What is the difference between cash basis and accrual basis balance sheet?
☛ 47. How do you pass a journal entry for purchase order in books of account?
☛ 48. What do you understand by Contingent liability?
☛ 49. How to prepare funds flow statement?
☛ 50. What is gross profit margin?
☛ 51. What is accounting report?
☛ 52. What are the different kinds of MIS reports?
☛ 53. What is meant by appropriation?
☛ 54. What do you understand by inter company settlement?
☛ 55. What is the meaning of TDS? How it is charged?
Submitted by: Muhammad