Accounting Interview Questions and Answers
Accounting is actually the measurement, communication & the processing of the financial information of economic entities like businesses & corporations. Accounting is called the "language of business," and it measures the results of the company’s economic activities and it also conveys this information to different users including creditors, investors, regulators, and management.
All your questions related to Financial accounting will be answered in the Accounting interview questions and answers mentioned below.
Most Frequently Asked Accounting Interview Questions
Q21. How do you classify errors in accounting?
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Q22. What are the different types of GST?
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Q23. What is tally and its features?
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Q24. What is fair value accounting definition?
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Q25. How is scrap value calculated?
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Q26. What is the marginal cost formula?
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Q27. What is the double entry system explain its rules with examples?
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Q28. What are the advantages & disadvantages of double entry system?
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Q29. What are the types of liabilities accounts?
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Q30. What is the formula for acid test ratio in accounting?
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Development History
In the year the modern field of accounting was constituted by the Italian mathematician whose name was Luca Pacioli.