Payroll Executive Interview Questions and Answers for Freshers

Accounts refer to financial records that track the inflow and outflow of money in an organization.

• Accounts are used to keep track of financial transactions.

• They help in monitoring the financial health of an organization.

• Examples of accounts include cash, accounts receivable, accounts payable, and inventory.

• Accounts are usually maintained using accounting software.

• Financial statements such as balance sheets and income statements are prepared using data from accounts.