Royal Computers Executive Accountant Interview Questions and Answers

Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.

• Basic principles of accounting include the accounting equation, double-entry accounting, and the accrual basis of accounting.

• The accounting equation states that assets must equal liabilities plus equity.

• Double-entry accounting requires that every transaction have...read more

Accounts payable is responsible for managing and processing the company's payments to vendors and suppliers.

• Processing and recording invoices

• Verifying and reconciling vendor statements

• Managing vendor relationships

• Ensuring timely and accurate payment of invoices

• Maintaining accurate records of accounts payable transactions

• Assisting with financial reporting and analysis