Sales Accountant Interview Questions and Answers

A journal entry of withdrawal from a bank is recorded to reflect the decrease in the bank balance.

• Debit the cash or bank account to decrease the balance

• Credit the appropriate expense or asset account to reflect the purpose of the withdrawal

• Provide a description of the withdrawal in the journal entry

• Ensure the entry is balanced by debiting or crediting the corresponding account

The last filing date of GST R1 and 3B is the date by which businesses must submit their GST returns.

• The last filing date for GST R1 is the 10th of the following month.

• The last filing date for GST 3B is the 20th of the following month.

• For example, if the current month is January, the last filing date for GST R1 would be February 10th, and for GST 3B it would be February 20th.

Excel is a spreadsheet program used for data analysis and manipulation. A cell is a single unit within a spreadsheet where data can be entered and stored.

• Excel is a software application developed by Microsoft.

• It is commonly used for creating and managing spreadsheets.

• A cell is the basic building block of a spreadsheet.

• Each cell can contain data such as numbers, text, or formulas.

• Cells are organized in rows and columns to form a grid-like structure.

• Data in cells can be formatt...read more