Someshwar Plasto Chem Interview Questions and Answers

The most common mistakes in accounting include errors in data entry, failure to reconcile accounts, and improper classification of expenses.

• Errors in data entry, such as transposing numbers or inputting incorrect amounts

• Failure to reconcile accounts regularly, leading to discrepancies and inaccuracies

• Improper classification of expenses, resulting in misrepresentation of financial statements

• Lack of documentation or inad...read more

Yes

• Positive cash flows do not guarantee financial stability

• The company may have high levels of debt or other financial obligations

• The positive cash flows may be temporary or unsustainable

• The company may be experiencing operational inefficiencies or declining sales

• Examples: A company with high debt payments or a declining market share