T-Rex Agency Store Officer Interview Questions and Answers

Capital refers to financial assets or resources that are used to generate income or wealth.

• Capital can include money, property, equipment, and investments.

• It is typically used to start or expand a business, make investments, or fund projects.

• Examples of capital include cash, stocks, real estate, machinery, and patents.

• Capital can be owned by individuals, companies, or governments.

• It is an essential component of economi

Accounting golden rules are fundamental principles that guide the recording of financial transactions.

• Accounting golden rules are the basic principles that govern the process of recording financial transactions.

• These rules ensure accuracy, consistency, and reliability in financial reporting.

• The three main golden rules are: 1) Debit the receiver, credit the giver; 2) Debit what comes in, credit what goes out; 3) Debit e...read more

Prepaid expenses are expenses paid in advance for goods or services that will be received in the future.

• Prepaid expenses are recorded as assets on the balance sheet until the goods or services are received.

• Examples of prepaid expenses include prepaid rent, insurance premiums, and subscriptions.

• Prepaid expenses are gradually expensed over time as the goods or services are received.

• Prepaid expenses are important for accu

Store audits involve inspecting and evaluating the store's operations, processes, and performance.

• Determine the audit scope and objectives

• Create an audit checklist

• Conduct the audit by observing, interviewing, and reviewing documents

• Identify areas for improvement and make recommendations

• Follow up on corrective actions taken

• Examples of areas to audit include inventory management, customer service, and store cleanliness

Maintaining a store requires regular cleaning, organizing, restocking, and monitoring of inventory and customer feedback.

• Clean the store regularly to maintain a hygienic environment.

• Organize products and displays to make it easy for customers to find what they need.

• Restock inventory regularly to avoid running out of popular items.

• Monitor customer feedback and address any concerns or complaints promptly.

• Train staff to p...read more

Stock management involves tracking inventory levels, forecasting demand, and optimizing ordering and storage processes.

• Regularly monitor inventory levels to avoid stockouts or overstocking

• Use inventory management software to track stock levels and automate ordering

• Forecast demand based on historical sales data and market trends

• Optimize storage processes to maximize space and minimize damage

• Implement a system for receiv...read more