Operations CPA
Operations CPA Interview Questions and Answers
Updated 10 Jan 2023
Q1. What do u know about balance sheet?
Ans.
Balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
It is divided into two sections: assets and liabilities + equity.
Assets include cash, accounts receivable, inventory, property, and equipment.
Liabilities include accounts payable, loans, and taxes owed.
Equity includes retained earnings and stockholder's equity.
The balance sheet equation is Assets = Liabilities + Equity.
It is used to determine a company's f...read more
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