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Accountancy Interview Questions

Below we have listed all the Accountancy Interview Questions and answers. Feel free to comment on any Accountancy Interview Questions or answer by the comment feature available on the page.

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Nov 19, 2011 - Accountancy is the practice of recording, classifying, and reporting on financial transactions for a business. It provides feedback to management regarding the financial results and status of an organization. Accountancy is the process of managing the income and expenses of a business. Manage your accountancy needs with a comprehensive accounting system such as Debitoor. The process of recording and summarizing financial transactions is known as 'bookkeeping'.

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Question
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What is the difference between cost accounting management accounting and financial accounting?
3.9 Rating
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What do you consider to be the biggest challenge facing the accounting profession today?
4.0 Rating
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What are the most important goals of accounts receivable?
3.6 Rating
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Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs.
5.0 Rating
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How to do Cost Accounting in Tally
4.3 Rating
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Have you ever been involved in an invoice dispute? How did you manage the problem?
3.0 Rating
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What qualities have you got that would make you a good accountant?
3.8 Rating
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What have you read in the newspapers in the last few days that particularly interested you?
4.3 Rating
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Why did you choose the A-levels you did?
4.4 Rating
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Describe any accounting process that you have developed or revised.
4.0 Rating
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What role did you play in collections?
3.2 Rating
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What is the relationship between cost accounting financial accounting and managerial accounting?
4.3 Rating
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What other careers are you considering?
3.4 Rating
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Which accounting applications are your familiar with?
3.0 Rating
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What information do you require before you approve an invoice for payment?
3.5 Rating
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What software applications have your used for accounts receivable?
3.5 Rating
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How many invoices on average do you handle on a weekly/monthly basis?
2.8 Rating
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What is the difference between liquid asset and fixed asset?
4.1 Rating
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What information is included in a bill for services?
4.3 Rating
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What is your greatest achievement and why?
3.9 Rating
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India News Network
Latest 20 Questions
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal
"Holiday Packages" announced as an advertisement are an example of _________: (a) Offer (b) Counter Offer (c) Invitation to Offer (d) None of the above
A match fixing contract between a player and a broker is a: (a) Valid Contract (b) Unenforceable Contract (c) Void Contract (d) Illegal Contract
When a bookseller sells a book on cash payment then it is called as ___________: (a) Unilateral Contract (b) Bilateral Contract (c) Executed Contract (d) Executory Contract
____________ agreements are created by situation: (a) Written (b) Oral (c) Void (d) Implied
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