Accounting 면접 질문과 답변
Ques 1. What is accrual accounting?
Accrual accounting recognizes revenue and expenses when they are earned or incurred, regardless of when the cash is received or paid.
Example:
An example of accrual accounting is recognizing revenue when a sale is made, even if the payment is received later.
Ques 2. Explain the difference between assets and liabilities.
Assets are resources owned by a company, while liabilities are obligations or debts that a company owes.
Example:
An example of an asset is cash, and a liability could be a bank loan that the company needs to repay.
Ques 3. What is the purpose of the trial balance?
The trial balance is used to ensure that the total debits equal the total credits in the accounting records.
Example:
If the trial balance doesn't balance, it indicates errors in the accounting entries.
Ques 4. Define depreciation and its methods.
Depreciation is the systematic allocation of the cost of a tangible asset over its useful life. Methods include straight-line, declining balance, and units of production.
Example:
If a machine costs $10,000 and has a useful life of 5 years, the annual straight-line depreciation is $2,000.
Ques 5. What is the purpose of the cash flow statement?
The cash flow statement shows the inflow and outflow of cash from operating, investing, and financing activities, providing insights into a company's liquidity and financial health.
Example:
A positive cash flow from operating activities indicates the company is generating cash from its core operations.
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