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Retail Accounting Interview Questions

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

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Retail Accounting is a method of accounting to account for inventory using retail prices only for sales, purchases, beginning inventory, and ending inventory. It is an accounting procedure for estimating the value of a store's merchandise. This method calculates a store's total inventory value by taking the total retail value of the items that were originally in inventory, subtracting the total sales, then multiplying that dollar amount by the cost-to-retail ratio (the percentage by which goods are marked up from their wholesale purchase price to their retail sales price).

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Question
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In what ways do you think you can contribute to our organization?
4.5 Rating
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What qualities do you think are important to this position?
3.0 Rating
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Tell about the worst boss you have had?
4.4 Rating
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Do you prefer to have a job with set tasks and responsibilities, or where your tasks change on a frequent basis?
3.4 Rating
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How long would you expect to work for us?
4.5 Rating
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How would your co-workers describe you?
3.3 Rating
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What experiences have you had in dealing with difficult customers?
3.8 Rating
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What interests do you have outside your work?
3.8 Rating
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What did you enjoy most and least in your last retailing job?
3.0 Rating
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What experience in retail have you had to qualify you for this position?
3.7 Rating
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Would you feel comfortable working on a commission-based pay system?
3.4 Rating
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What is your minimum salary requirement for retailing job?
4.6 Rating
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Are you comfortable interacting with customers?
3.8 Rating
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This position will require some different hours. Do you have any schedule restrictions (beyond what you have listed)?
3.9 Rating
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Are you comfortable offering our charge account to customers?
3.4 Rating
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How will you make customers feel welcome in our store?
4.8 Rating
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How would you educate yourself about the products that we sell?
2.9 Rating
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What interests you most about selling to customers?
4.3 Rating
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Are you familiar with (company name)?
3.7 Rating
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Why are you interested in employment at (company name)?
3.4 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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