52 Accounts Manager Interview Questions And Answers
Accounts Manager based job preparation guide for freshers and experienced candidates. Number of Accounts Manager frequently asked questions(FAQs) asked in many interviews
❋ What are purposes of maintaining control ledgers?
❋ Tell me how to book a letter of credit in your books?
❋ How to place journal entry for purchase order in books of account?
❋ What is funds flow statement?
❋ Does various elements of business affect fund/cash flow?
❋ Described Variance Analysis with Example?
❋ Define GPSD in accounting?
❋ Which procedures are in place to ensure that a sponsored project is carried out in compliance with the terms, conditions and financial management and reporting requirements of both the municipality and provincial treasury?
❋ Define Budgeting?
❋ Can you please explain the difference between cash basis and accrual basis Balance Sheet?
❋ Who is responsible for maintaining Accounts receivable in an organization?
❋ How many methods are used to calculate depreciation?
❋ Define MIS reports?
❋ how to do finalization of accounts?
❋ What is MIS report in accounting and how to prepare it?
❋ Define an aging report in Accounting?
❋ Define Contingent Liability?
❋ What are the various items fall in balance sheet?
❋ Can you please explain the difference between payment and charge reversals?
❋ Define Asset accounting?
❋ Why we cannot depreciate stock?
❋ Tell me how FIRC accounting is done?
❋ Define appropriation?
❋ Difference between forecasting & Budget?
❋ Can you please explain the difference between forecasting and Budget?
❋ Define committed cost?
❋ How will you account B company investment in C company in consolidated accounts?
❋ What are different kind of MIS reports?
❋ Define accounting report?
❋ Define gross profit margin?
❋ What are the columns of a journal?
❋ Define Journalizing?
❋ Define Compound Journal entry?
❋ Define Entries for which there is no special journal?
❋ What are Rectification Entries?
❋ What are Entries for rare transactions?
❋ What are Opening Entries?
❋ What are Transfer Entries?
❋ What are Adjustment Entries?
❋ What are Closing entries?
❋ What are the type of transactions entered in Journal proper?
❋ Described Purchase day book?
❋ What does an accurate Trial Balance suggest?
❋ Described control ledgers?
❋ List the reasons which cause pass book of the bank and your bank book not tally?
❋ Define Trial Balance?
❋ Which steps you take to locate errors in case Trial Balance disagrees?
❋ Which is important to effective market analysis?
❋ What are most important qualities of an account manager?
❋ What you do to increase revenues?
❋ Tell me how would you define team work and communication skills in context of account management?
❋ What makes a successful account manager?
Failure is the first step towards seccess.
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