Finance Specialist 2
Finance Specialist 2 Interview Questions and Answers
Updated 1 May 2022
Q1. What is Credit/Collection/general entries regarding credit purchases
Ans.
Credit/Collection/general entries are related to credit purchases and involve recording transactions related to credit sales and payments.
Credit entries involve recording the amount of credit extended to a customer.
Collection entries involve recording the payments received from customers for credit purchases.
General entries involve recording any adjustments or corrections made to credit accounts.
Examples of credit purchases include buying goods on credit from a supplier or us...read more
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