Computer Operator and Junior Accountant Interview Questions and Answers

To improve company expenses, focus on cost-cutting measures, increasing efficiency, and negotiating better deals with suppliers.

• Identify areas of unnecessary spending and cut back on them

• Implement cost-saving measures such as energy-efficient practices

• Negotiate better deals with suppliers to reduce costs

• Automate repetitive tasks to increase efficiency and reduce labor costs

Excel is a spreadsheet software used for organizing, analyzing and manipulating data.

• Excel allows users to create tables, charts, and graphs to represent data visually

• It can perform complex calculations and analysis using formulas and functions

• Excel can be used for budgeting, financial analysis, and project management

• It also has features for data validation, sorting, filtering, and conditional formatting

• Excel can import and export data from other sources such as databases and...read more

Accounts receivable is the money owed to a company by its customers for goods or services sold on credit.

• It is a current asset on the balance sheet

• It represents the amount of money that a company is owed by its customers

• It is typically collected within a certain period of time, usually 30-90 days

• It can be managed through various methods such as aging reports and collection efforts

• Example: A company sells $10,000 worth of goods to a customer on credit. The $10,000 is recorded ...read more

The three golden rules of accounting are: Debit the receiver, Credit the giver, and Account for every transaction.

• Debit the receiver: When an asset is received, it is debited. For example, when cash is received, it is debited.

• Credit the giver: When a liability is incurred, it is credited. For example, when a loan is taken, it is credited.

• Account for every transaction: Every transaction must be recorded in the books of accounts. This ensures accuracy and completeness of financ...read more