Sresta Natural Bioproducts Financial Associate Interview Questions and Answers

Cash flow statement is a financial statement that shows the inflow and outflow of cash in a business over a period of time.

• It helps in understanding the liquidity position of a business.

• It consists of three sections - operating activities, investing activities, and financing activities.

• Operating activities include cash transactions related to the day-to-day business operations.

• Investing activities include cash transact...read more

Balance sheet does not reflect the current market value of assets and liabilities.

• Balance sheet only shows historical cost of assets and liabilities.

• Intangible assets like patents, trademarks, and goodwill are not always accurately reflected.

• Balance sheet does not account for off-balance sheet items like leases and contingent liabilities.

• Inflation can distort the value of assets and liabilities over time.

• Balance sheet ...read more

AP refers to Accounts Payable while AR refers to Accounts Receivable.

• AP is the money a company owes to its vendors or suppliers while AR is the money that a company is owed by its customers.

• AP is a liability while AR is an asset.

• AP is recorded as a credit while AR is recorded as a debit.

• Examples of AP include bills for goods or services received but not yet paid for, while examples of AR include invoices for goods or s...read more