relation between audit and accounting, cash sales, depriciation, why is brs prepared? do you know how to prepare brs? why join EY? what did you learn from your internship? introduce yourself.

Question

Accepted Answer

The interview questions cover topics related to audit, accounting, cash sales, depreciation, and bank reconciliation statement.

Audit and accounting are closely related as audit involves examining and verifying financial records prepared by accountants.
Cash sales are recorded in the cash book and are an important source of revenue for businesses.
Depreciation is the systematic allocation of the cost of a fixed asset over its useful life.
BRS is prepared to reconcile the bank balance as per the company's records with the bank statement.
EY is a leading global professional services firm that offers a wide range of services including audit, tax, and advisory services.
From my internship, I learned about the importance of attention to detail and effective communication in the workplace.
In preparing a BRS, one needs to compare the company's cash book with the bank statement and identify any discrepancies.
Joining EY would provide me with the opportunity to work with a diverse team of professionals and gain valuable experience in the field of assurance.

Accepted Answer

Audit process start once accounting done ,Relation are very closer both audit and accounting must be done to accruate financial status of business

Accepted Answer

Cash sales entry?
cash A/c Dr 
To sales A/c Cr

Depreciation entry?

Depreciation A/c Dr
To Tangible fixed asset A/c Cr
Ex : Machinery and furniture (Tangible fixed assets)

Why we are prepare BRS ?
A) We are preparing bank reconciliation statement to know the actual available balance in passbook.

relation between audit and accounting, cash sales, depriciation, why is brs prepared? do you know how to prepare brs? why join EY? what did you learn from your internship? introduce yourself.

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