Computer Operator and Junior Accountant Interview Questions and Answers for Freshers

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

Bad debts are the amounts owed by customers that are unlikely to be paid back.

• Bad debts are considered as an expense for the company.

• They arise due to credit sales where the customer fails to pay the amount owed.

• Companies usually write off bad debts as uncollectible and remove them from their accounts receivable.

• Bad debts can have a negative impact on a company's financial statements and cash flow.

• Examples of bad debts include customers who file for bankruptcy or those who re...read more