Executive Interviewer Interview Questions and Answers

Basic accounting concepts and entries

• Golden rules are basic principles of accounting that guide the recording of financial transactions

• Journal entry is the recording of a financial transaction in a journal

• Depreciation is the decrease in value of an asset over time

• Accrual income is income that has been earned but not yet received

• Income is money earned by a business, while expenses are the costs incurred by the business

• Debit and credit are the two sides of a financial transacti...read more

No, cutting salary for delays in leaves and payment is not an acceptable practice. Punishments should not be used as a means of enforcing punctuality.

• Cutting salary for delays in leaves and payment can lead to demotivation and resentment among employees.

• It is important to address issues of delays in leaves and payment through communication and problem-solving rather than punitive measures.

• Implementing a system of warnings or counseling sessions may be more effective in addres...read more

Some potential patent ideas include new medical devices, innovative software algorithms, and sustainable energy solutions.

• Developing a new medical device to improve patient outcomes

• Creating innovative software algorithms to optimize business processes

• Researching sustainable energy solutions to combat climate change