Titan Eye Plus Interview Questions and Answers

I would investigate the discrepancy by reviewing creditor statements, invoices, and payment records to identify and rectify any errors.

• Review creditor statements to identify any missing or incorrect entries

• Check invoices and payment records for accuracy and completeness

• Reconcile creditor balances with general ledger accounts to ensure accuracy

• Communicate with creditors to resolve any discrepancies or outstanding issues

• Document all findings and actions taken for audit purposes

Closing books of accounts involves preparing financial statements, adjusting entries, reconciling accounts, and ensuring accuracy.

• Prepare adjusting entries to update accounts for accruals, deferrals, and depreciation

• Reconcile all accounts to ensure accuracy and completeness

• Prepare financial statements including income statement, balance sheet, and cash flow statement

• Close revenue and expense accounts to retained earnings at the end of the accounting period

• Review and analyze f...read more

Journal entry for disposal of assets with accumulated balance

• Debit the accumulated depreciation account to remove the accumulated balance

• Credit the asset account to remove the asset from the books

• Record any gain or loss on disposal in the income statement

• Ensure the total debits equal the total credits in the journal entry

Microsoft Office tools include Word, Excel, PowerPoint, and Outlook. Outlook is an email client and personal information manager.

• Microsoft Office tools include Word, Excel, PowerPoint, and Outlook.

• Outlook is primarily used for email communication and managing calendars, contacts, tasks, and notes.

• Outlook allows users to organize emails into folders, set up rules for automatic email sorting, and schedule meetings and appointments.

• Users can also create and share calendars, set ...read more

Organisation and process are key components in ensuring efficiency and effectiveness within a company.

• Organisation involves structuring tasks, roles, and responsibilities within the company.

• Process refers to the series of steps or actions taken to achieve a specific goal or outcome.

• Effective communication and collaboration are essential for smooth functioning of organisation and process.

• Regular evaluation and improvement of processes can lead to increased efficiency and produ...read more