Michelin Senior Accounts Manager Interview Questions and Answers

Need to write accounting Entries

Q1. Finance controller will ask technical questions
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Q2. What is prepayment and what is Accrual
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Prepayment is payment made in advance for goods or services, while accrual is recording revenues and expenses when they are incurred, regardless of when cash is exchanged.
• Prepayment involves paying for goods or services before receiving them

• Accrual involves recognizing revenues and expenses when they are incurred, not when cash is exchanged

• Prepayment is recorded as an asset on the balance sheet until the goods or servi...read more
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Q3. What is BRS what is Financial Statement
Ans. 
BRS stands for Bank Reconciliation Statement, which is a statement prepared to reconcile the balance as per bank statement with the balance as per company's books. Financial statements are reports that show the financial performance and position of a company.
• BRS is prepared to ensure that the company's records match the bank's records

• It helps in identifying any discrepancies or errors in recording transactions

• Financial...read more
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Q1. Formal question
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