Herman Miller Interview Questions and Answers

Balance sheet reconciliation involves comparing the balances of various accounts in the balance sheet to ensure accuracy and identify discrepancies.

• Start by obtaining the trial balance and the general ledger for the period being reconciled.

• Compare the balances of each account in the trial balance to the corresponding account in the general ledger.

• Investigate any discrepancies or differences between the two balances.

• Ensure that all transactions and adjustments are properly rec...read more

Accrued income refers to revenue that has been earned but not yet received or recorded in the accounting books.

• Accrued income is recognized when it is earned, regardless of when it is received.

• It is recorded as a current asset on the balance sheet.

• Common examples include interest income, rent receivable, and service fees.

• Accrued income is typically recorded through adjusting journal entries at the end of an accounting period.

Goods in transit refers to inventory or goods that are in the process of being transported from one location to another.

• Goods in transit are not yet received by the buyer but have been shipped by the seller.

• These goods are typically in transit via shipping methods such as trucks, trains, ships, or airplanes.

• The ownership and responsibility for the goods may vary depending on the terms of the sale or contract.

• Goods in transit are usually recorded as a separate category in the ...read more

Accrued expenses are recorded through a journal entry to recognize expenses incurred but not yet paid.

• Accrued expenses are liabilities that are recognized when expenses are incurred but not yet paid.

• The journal entry for accrued expenses involves debiting an expense account and crediting an accrued liability account.

• For example, if a company incurs $1,000 of utility expenses but has not yet received the bill, the journal entry would be: Debit Utilities Expense $1,000 and Cred...read more

I have an advanced level of knowledge with Excel and have used it extensively in various projects.

• Proficient in creating complex formulas and functions

• Experienced in data analysis and visualization

• Skilled in creating pivot tables and charts

• Familiar with VBA programming for automation

• Used Excel for financial modeling and forecasting

A debit note is a document used to record the reduction in accounts payable or an increase in accounts receivable.

• A debit note is issued by a buyer to a seller to request a credit for overcharged or returned goods.

• It serves as a proof of the reduction in the amount owed by the buyer to the seller.

• Debit notes are commonly used in business-to-business transactions.

• They help in maintaining accurate financial records and resolving billing discrepancies.

• Debit notes can also be use...read more

Java has four pillars: Inheritance, Polymorphism, Abstraction, and Encapsulation. Code to reverse a string.

• Inheritance allows a class to inherit properties and methods from another class.

• Polymorphism allows objects to take on multiple forms.

• Abstraction allows hiding implementation details and showing only necessary information.

• Encapsulation allows bundling data and methods within a single unit.

• Code to reverse a string: String str = "Hello World"; StringBuilder sb = new String...read more