Senior Administrative Assistant
Senior Administrative Assistant Interview Questions and Answers
Updated 23 Jun 2024
Q1. Golden rules of accounting
Ans.
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 all expenses and losses, Credit all incomes and gains.
These rules help ensure that financial transactions are accurately recorded and classified.
For example, when a company receives cash from a customer, the transaction would be recorded by deb...read more
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