Senior Officer Finance Interview Questions and Answers

Accounts Payable is money owed by a company to its suppliers while Accounts Receivable is money owed to a company by its customers. Taxation refers to the process of paying taxes while Reconciliation is the process of comparing financial records to ensure they are accurate and in agreement.

• Accounts Payable is a liability account that tracks money owed to suppliers for goods or services purchased on credit.

• Accounts Receivable is an asset account that tracks money owed to a com...read more