Accounting 面试题与答案
问题 21. What is the purpose of the cash basis of accounting?
The cash basis of accounting records revenues and expenses when they are received or paid in cash, rather than when they are incurred or earned.
Example:
If a company receives payment for services in January, it recognizes the revenue in January, irrespective of when the services were provided.
问题 22. Explain the term 'inventory turnover ratio.'
The inventory turnover ratio measures how efficiently a company manages its inventory by dividing the cost of goods sold by the average inventory during a specific period.
Example:
If the cost of goods sold is $500,000, and the average inventory is $100,000, the inventory turnover ratio is 5 times.
问题 23. What is the difference between a trial balance and a balance sheet?
A trial balance is a list of all ledger account balances to ensure debits equal credits, while a balance sheet summarizes a company's assets, liabilities, and equity at a specific point in time.
Example:
The trial balance may identify errors, and once corrected, the balanced figures transfer to the balance sheet.
问题 24. Define 'book value' in accounting.
Book value is the net asset value of a company, calculated by subtracting total liabilities from total assets, providing a measure of shareholders' equity.
Example:
If a company has total assets of $1 million and total liabilities of $500,000, the book value is $500,000.
问题 25. What is the difference between a debit note and a credit note?
A debit note is issued to request additional payment from a customer, while a credit note is issued to provide a refund or adjustment for overpayment.
Example:
If a customer underpaid an invoice, the company issues a debit note to collect the remaining amount.
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