Junior Accounts Manager Interview Questions and Answers

I am familiar with your organization's industry, products/services, and recent achievements.

• I know that your organization operates in the technology sector and specializes in software development.

• I am aware of your recent product launch and positive customer feedback.

• I have also read about your company's commitment to innovation and employee development.

Yes, I am willing to sign a bond for 2 years as a commitment to the role and the company.

• I understand that signing a bond for 2 years is a common practice in many companies to ensure commitment from employees.

• I am confident in my abilities to perform well in the role and see myself staying with the company for at least 2 years.

• I am willing to make this commitment as a sign of my dedication to the position and the organization.

The golden rules of accounting are basic principles that guide the process of recording financial transactions.

• The three golden rules of accounting are: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a company receives cash from a customer, the cash account is ...read more

Purchase journal entry records the purchase of goods or services on credit.

• Debit the Purchases account for the cost of goods/services purchased

• Credit the Accounts Payable account for the amount owed to the supplier

• Include details such as date, supplier name, invoice number, and amount

• Ensure accuracy and proper documentation for auditing purposes