Greenstar Fertilizers Finance Officer Interview Questions and Answers

The golden principle of accounting is the principle of double entry.

• The principle of double entry states that for every debit entry, there must be a corresponding credit entry of equal amount.

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

• It helps in maintaining accurate and reliable financial records.

• Example: If a company purchases inventory for $1,000, there wil...read more