Rosmerta Technologies Accountant Interview Questions and Answers

The 3 golden rules of accounting are: 1. Debit the receiver, credit the giver. 2. Debit what comes in, credit what goes out. 3. Debit expenses and losses, credit income and gains.

• Debit the receiver, credit the giver - when a business receives something, it debits the account and when it gives something, it credits the account.

• Debit what comes in, credit what goes out - when money comes into the business, it debits the ...read more

Budget is a financial plan for a specific period, while forecast is an estimate of future financial outcomes.

• Budget is a detailed plan of income and expenses for a specific period, usually a year.

• Forecast is an estimate of future financial outcomes based on past performance and current trends.

• Budget is more rigid and inflexible, while forecast is more flexible and adaptable.

• Budget is used for planning and controlling e...read more

Speed and accuracy in typing and formulas are essential for an Account Executive.

• Practice typing regularly to improve speed and accuracy.

• Familiarize yourself with common formulas used in accounting and finance.

• Use shortcuts and hotkeys to increase efficiency.

• Double-check your work to ensure accuracy.

• Utilize tools like Excel for complex calculations.