28 Basic Accounting Interview Questions | Accountant Interview Questions | Freshers & Experienced

Unlock doors to success in Accounting Interview with these 28 basic interview questions and answers. Covers important topics like Book-keeping, Journal, Ledger, Subsidiary Books, Bank Reconciliation Statement, Trial Balance, Rectification of Errors, P&L Statement, Balance Sheet etc.

Useful for all freshers wanting to start their career and experienced professionals looking for career growth.

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🔽 Questions covered in this Video:

1. Accrual Accounting v/s Cash Accounting. Which one do you recommend?
2. What is a Voucher?
3. What is a Tax Invoice?
4. Who are the different parties to a cheque?
5. What is a Combined Journal Entry?
6. What is a Ledger?
7. What is Credit Balance and Debit Balance in a Ledger? What do they tell?
8. What is Trial Balance? Why do you prepare it?
9. Gross Trial Balance v/s Net Trial Balance
10. What are Subsidiary Books?
11. Why is Cash Book both a Journal and a Ledger?
12. Can a bank account have a credit balance or debit balance?
13. How will you treat a cheque received but dishonored, in your Cash Book?
14. How will you treat a cheque issued but dishonored, in your Cash Book?
15. What are Contra Entries?
16. What is a Purchase Book?
17. Which book comes into action when you want to return the goods?
18. What is a Sales Book?
19. Difference between Credit Note and Debit Note
20. What type of entries are made in Journal Proper?
21. What is a Bank Reconciliation Statement?
22. Why do the Bank statement and Company statement differe at times?
23. What is IMPS, NEFT & RTGS?
24. What is Depreciation? If you have never used a certain asset, do you still need to depreciate it?
25. If the Trial Balance agrees, can there still be errors in Accounting records?
26. What are One-sided and Two-sided errors?
27. What is P&L Account?
28. What is a Balance Sheet?

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