FAQ’s in Accountant Interview Questions
Categories: Accountancy
What are Accounting Transactions?
Accounting transactions ask the execution of the user program that contains an inventory of actions.
Define creative accounting
Creative accounting may be a practice to make an image that’s not technically correct from the attitude of the intended user.
What Is accounting normalization?
Accounting normalization may be a process of removing items from the statement of income or record . Once the normalization process is completed, the result shows the longer-term earning capacity of the customer.
What is a normative theory?
The normative theory is a theory that prescribes how the accounting process should be done.
Explain computerized accounting?
Computerized accounting may be a method during which financial information is collected, processed, and summarized into financial reports.
The purpose of this accounting is to supply information used for deciding. It can be viewed as a process that converts data into helpful information.
What is accounting ethics?
Accounting ethics may be a field of applied judgments, ethics, and therefore the study of ethical values.
What do you mean by vouching?
Vouching is a process of checking the voucher authentication which is maintained by the management using their supportive documents.
What is an EA in Accounting?
The full form of EA is Enrolled, Agent. It is a tax advisor who takes limitless repetition privileges. EA represents as a taxpayer and collects and audits, financial transactions.
What Is Payroll?
The term payroll is defined as a list of employees who get paid by the organization. It refers to the money employer pays to their employees.