Accounting Specialist

Accounting Specialist Interview Questions and Answers for Freshers

Updated 17 May 2024

Q1. Whether aging schedule is used in the vendor creation

Ans.

Yes, aging schedules are commonly used in vendor creation to track outstanding payments.

  • Aging schedules help track how long invoices have been outstanding for each vendor

  • They provide a snapshot of the current status of accounts payable

  • They are useful for identifying overdue payments and managing cash flow effectively

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