MYCPE ONE Accounts Associate Interview Questions and Answers

Q1. Basic principles of accounting
Ans. 
Basic principles of accounting include consistency, relevance, reliability, comparability, and materiality.
• Consistency: Accounting methods and procedures should be applied consistently from one period to another.

• Relevance: Financial information should be relevant to the decision-making needs of users.

• Reliability: Financial information should be reliable and free from bias or error.

• Comparability: Financial information s...read more
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Q2. Difference between depression, amortization & deplicit
Ans. 
Depreciation is the allocation of the cost of an asset over its useful life, amortization is the allocation of the cost of intangible assets over their useful life, and depression is a mental health condition.
• Depreciation is used for tangible assets like buildings and machinery, amortization is used for intangible assets like patents and copyrights, and depression is a mental health disorder.

• Depreciation is a non-cash ...read more
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Q1. Past experience questions
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Q2. Basic accounting questions
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Test contains questions from accounting, finance, excel, comprehension question, email writing