Junior Process Executive Interview Questions and Answers

A set of finance-related questions including liquidity ratio, percentage calculation, bills payable, and journal entry for trade payable.

• Liquidity ratio measures a company's ability to pay off its short-term debts using its current assets.

• 70% of 80 is 56.

• Bills payable is a liability account that tracks the amount a company owes to its suppliers for goods or services received but not yet paid for.

• The journal entry for trade payable involves crediting accounts payable and debit...read more

A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.

• It shows the company's assets, liabilities, and shareholders' equity.

• Assets are what the company owns, such as cash, inventory, and property.

• Liabilities are what the company owes, such as loans and accounts payable.

• Shareholders' equity represents the company's net worth.

• The balance sheet follows the formula: Assets = Liabilities + Shareholders' Equit...read more