ACC Financial Analyst Interview Questions and Answers

Accounts payable journal entry records the amount owed to suppliers/vendors.

• Debit Accounts Payable account

• Credit Cash/Bank account or Purchase account

• Example: Debit Accounts Payable $10,000, Credit Cash $10,000

• Example: Debit Accounts Payable $10,000, Credit Purchase $10,000

Concrete mix design involves determining the proportions of ingredients to create a specific concrete mixture.

• The mix design process considers factors such as strength, workability, and durability.

• Ingredients typically include cement, water, aggregates, and admixtures.

• The proportions of each ingredient are determined based on the desired properties of the concrete and the specific application.

• For example, a mix designe...read more