Accounting 面试题与答案
问题 6. Explain the terms 'debit' and 'credit' in accounting.
Debit increases assets and expenses but decreases liabilities and income. Credit increases liabilities and income but decreases assets and expenses.
Example:
Debiting cash account when receiving payment and crediting accounts receivable to show the reduction.
问题 7. What is the difference between financial accounting and managerial accounting?
Financial accounting focuses on external reporting to investors and regulators, while managerial accounting is for internal decision-making within the company.
Example:
Preparing financial statements for shareholders is an aspect of financial accounting, while budgeting is part of managerial accounting.
问题 8. Define the term 'GAAP.'
GAAP stands for Generally Accepted Accounting Principles, a set of standard guidelines and procedures used in the U.S. to prepare and present financial statements.
Example:
Using consistent accounting methods in financial reporting to ensure comparability.
问题 9. What is the purpose of the income statement?
The income statement shows a company's revenues and expenses over a specific period, resulting in net income or loss.
Example:
Revenue of $50,000 and expenses of $30,000 lead to a net income of $20,000.
问题 10. Explain the concept of goodwill in accounting.
Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in a business combination.
Example:
If a company is acquired for $1 million, and the fair value of its assets is $800,000, the goodwill is $200,000.
用户评价最有帮助的内容：
- Explain the difference between assets and liabilities.
- What is accrual accounting?
- Explain the terms 'debit' and 'credit' in accounting.
- Define the term 'GAAP.'
- Explain the difference between a current asset and a non-current asset.