Capita Back Office Computer Operator Interview Questions and Answers

A financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

• It is a snapshot of a company's financial position.

• Assets are listed on one side and liabilities and equity on the other.

• The balance sheet equation is Assets = Liabilities + Equity.

• It helps investors and creditors evaluate a company's financial health.

• Examples of assets include cash, inventory, and property.

• Examples...read more

Excel sheet is a software application by Microsoft that allows users to organize, format, and calculate data with formulas.

• Excel sheet is a spreadsheet program used for data analysis and management.

• It allows users to create tables, charts, and graphs to represent data.

• Formulas are used to perform calculations on data in Excel, such as adding, subtracting, multiplying, and dividing.

• Examples of formulas include SUM, AVER...read more

The Account golden rule is a fundamental principle in accounting that states that for every debit entry, there must be a corresponding credit entry.

• The Account golden rule is also known as the Dual Aspect Concept.

• It is based on the principle of double-entry bookkeeping.

• The rule ensures that the accounting equation (Assets = Liabilities + Equity) remains in balance.

• For example, if a company purchases inventory for cash,...read more