Accenture Senior Accountant Interview Questions and Answers

Q1. Account payable
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Knowledgeble aptitute test

Q1. Introduction,whole details about account, difference between payable and receivable in short all details about finance and accounting
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Accounts

Q1. What is accrual system of accounting
Ans. 
The accrual system of accounting recognizes revenues and expenses when they are incurred, regardless of cash flow.
• Revenues are recorded when earned, not when cash is received. Example: A service is provided in December, but payment is received in January.

• Expenses are recorded when incurred, not when paid. Example: A company receives a utility bill in January for December's usage.

• This method provides a more accurate fin...read more
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