Financial Administrator Interview Questions and Answers

The golden rule of accounting states that debit what comes in and credit what goes out.

• Debit what comes in and credit what goes out

• Assets = Liabilities + Equity

• Helps maintain the balance in financial transactions

I will speak about the importance of financial planning in achieving long-term financial goals.

• Financial planning involves setting specific goals, creating a budget, and implementing strategies to achieve those goals.

• It helps individuals and businesses to manage their finances effectively and make informed decisions.

• Proper financial planning can lead to financial security, wealth accumulation, and a comfortable retirement.

• For example, saving for a child's education, buying a ...read more

Bonds and debentures are types of debt securities issued by companies or governments to raise capital.

• Bonds are long-term debt securities issued by corporations or governments, typically with a fixed interest rate and maturity date.

• Debentures are unsecured debt instruments issued by corporations, backed only by the creditworthiness and reputation of the issuer.

• Both bonds and debentures are used by entities to raise funds from investors in exchange for periodic interest paymen...read more