Sole Proprietor

Sole Proprietor Interview Questions and Answers

Updated 2 Oct 2023

Q1. What is General Accounting Acceptance Principles?

Ans.

General Accounting Acceptance Principles are the fundamental guidelines and standards that govern the accounting practices and procedures.

  • General Accounting Acceptance Principles provide a framework for recording, classifying, and reporting financial transactions.

  • They ensure consistency, accuracy, and transparency in financial reporting.

  • Examples of General Accounting Acceptance Principles include the matching principle, revenue recognition principle, and the principle of cons...read more

Q2. Process of working style

Ans.

My working style involves thorough planning, clear communication, and attention to detail.

  • I always start by creating a detailed plan outlining the tasks and deadlines.

  • I communicate regularly with team members to ensure everyone is on the same page.

  • I pay close attention to details to avoid errors and ensure quality work.

  • I prioritize tasks based on importance and urgency to stay organized and efficient.

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