MEP Infrastructure Developers Accountant Interview Questions and Answers

During invoice processing, it is important to consider accuracy, completeness, and timeliness.

• Ensure all necessary information is included on the invoice

• Verify the accuracy of the amounts and calculations

• Match the invoice to the corresponding purchase order or contract

• Ensure timely processing to avoid late payment fees or missed discounts

A journal entry in a sale records the financial transaction of selling goods or services.

• The journal entry will include a debit to the accounts receivable or cash account for the amount of the sale.

• There will be a credit to the sales revenue account for the same amount.

• If applicable, there may be additional debits or credits to other accounts such as inventory or cost of goods sold.

• The journal entry should follow the d...read more

GST stands for Goods and Services Tax. It is a type of indirect tax levied on the supply of goods and services.

• GST is applicable in many countries around the world, including India, Australia, and Canada.

• The rate of GST varies from country to country and can also differ for different types of goods and services.

• For example, in India, the GST rate for most goods and services is either 5%, 12%, 18%, or 28%.

• Some goods and...read more

Oracle is a relational database management system used for storing and retrieving data.

• Oracle is a software product developed by Oracle Corporation.

• It is a relational database management system (RDBMS) that uses Structured Query Language (SQL) for managing and manipulating data.

• Oracle allows users to create, modify, and delete database objects such as tables, views, and indexes.

• It provides features like data integrity,...read more