LINK MIDDLE EAST Accountant&dataentryoperator Interview Questions and Answers

An aptitude test is beneficial for assessing knowledge.

Q1. What is the process for preparing a balance sheet and a profit and loss account?
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Q2. What is the process for preparing a revenue account?
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Q1. Journal entry for prepaid expenses
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Journal entry for prepaid expenses involves debiting Prepaid Expense account and crediting Cash or Bank account.
• Debit Prepaid Expense account to record the expense paid in advance

• Credit Cash or Bank account to show the decrease in cash due to prepayment

• Prepaid expenses are considered assets until they are used up or expire

• Example: Journal entry for prepaid rent - Debit Prepaid Rent, Credit Cash/Bank
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Q2. What is bank reconciliation
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Bank reconciliation is the process of comparing a company's records with those of its bank to ensure they match.
• Bank reconciliation involves comparing the company's records of its financial transactions with the bank's records.

• It helps identify any discrepancies such as missing transactions, errors, or fraudulent activity.

• The process involves adjusting the company's records to match the bank's records by reconciling an...read more
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Q1. What is angular
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Angular is a popular front-end framework for building dynamic web applications.
• Angular is developed and maintained by Google.

• It uses TypeScript for building applications.

• Angular provides features like data binding, dependency injection, and routing.

• It follows the component-based architecture.

• Angular has a large community and ecosystem of libraries and tools.

• Examples of popular Angular applications include Gmail and Pay
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Q2. What is class and polymorphism
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Class is a blueprint for creating objects in object-oriented programming, while polymorphism allows objects of different classes to be treated as objects of a common superclass.
• Class is a template for creating objects with attributes and methods.

• Polymorphism allows objects of different classes to be treated as objects of a common superclass.

• Example: Animal is a superclass, Dog and Cat are subclasses. Both Dog and Cat c
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Q1. There are three branches of accounting
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The three branches of accounting are financial accounting, management accounting, and cost accounting.
• Financial accounting focuses on reporting financial information to external stakeholders.

• Management accounting involves providing financial information to internal management for decision-making.

• Cost accounting deals with analyzing and controlling costs within a company.

• Each branch serves a different purpose and audien
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Q2. Types of accounting golden rules
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The accounting golden rules are basic principles that guide the process of recording financial transactions.
• There are three types of accounting golden rules: Personal Account, Real Account, and Nominal Account.

• Personal Account: Debit the receiver, credit the giver. Example: When cash is received from a customer, cash account is debited.

• Real Account: Debit what comes in, credit what goes out. Example: Purchase of machin...read more
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Q3. What is the balance sheet
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The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.
• It lists a company's assets, liabilities, and shareholders' equity.

• Assets are what the company owns, such as cash, inventory, and property.

• Liabilities are what the company owes, such as loans and accounts payable.

• Shareholders' equity represents the company's net worth, calculated as assets m...read more
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Q4. Trail Balance Definition
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business.
• It is used to ensure that the total debits equal the total credits in the accounting records.

• It is prepared at the end of an accounting period before the financial statements are prepared.

• Errors in recording or posting transactions can be identified by preparing a trial balance.

• Example: If the total debits and credits do ...read more
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Q5. What is the Working capital
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Working capital is the difference between a company's current assets and current liabilities.
• Working capital is a measure of a company's operational efficiency and short-term financial health.

• It represents the amount of liquid assets available to a company to fund its day-to-day operations.

• Formula: Working Capital = Current Assets - Current Liabilities

• Positive working capital indicates that a company has enough assets ...read more
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Q6. Defin depreciation and it types
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Depreciation is the allocation of the cost of an asset over its useful life.
• Depreciation is a non-cash expense that reduces the value of an asset over time.

• Types of depreciation include straight-line, double declining balance, units of production, and sum-of-the-years-digits.

• Straight-line depreciation evenly spreads the cost of an asset over its useful life.

• Double declining balance front-loads depreciation expenses.

• Uni...read more
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Q1. How was the interview
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Q2. What qualifications u need for accountants
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Discussion about accounts

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Q1. What is your current CTC
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Q2. What is work experience
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