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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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How do you get more retailers / customers for your business? What are the steps you would take?
0.6 Rating
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Have you had experience of locking up a shop and dealing with stock ordering?
0.6 Rating
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How long would you expect to work for us?
0.6 Rating
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What are the things that you need to check in a retail market, as a first line supervisor?
0.5 Rating
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Are you a retailer looking for a good employee, or a good employee looking for a retailer?
0.6 Rating
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Do you have any questions about this retails job?
0.5 Rating
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Why are you interested in employment at (company name)?
0.5 Rating
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What previous experience do you have in retail?
0.5 Rating
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In what ways do you think you can contribute to our organization?
0.5 Rating
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Tell about the worst boss you have had?
0.5 Rating
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As a wholesaler what are the problems you would face in ensuring the commitment to your retail suppliers?
0.5 Rating
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Would you feel comfortable working on a commission-based pay system?
0.5 Rating
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Can you tell of a time when you were faced with an angry customer and how you dealt with it?
0.5 Rating
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This position will require some different hours. Do you have any schedule restrictions (beyond what you have listed)?
0.4 Rating
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Are you comfortable offering our charge account to customers?
0.4 Rating
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What are you ideas on handling store management?
0.4 Rating
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As a supervisor for a wholesale market, what actions would you take to increase the profit?
0.5 Rating
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What experiences have you had in dealing with difficult customers?
0.4 Rating
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In a fashion led clothing industry as a wholesaler and retailer, who would be your targeted customer?
0.3 Rating
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What qualities do you think are important to this position?
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India News Network
Latest 20 Questions
Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable
Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)
Which of the following is not an exception to the rule, "No consideration, No contract": (a) Natural love and affection (b) Compensation for involuntary services (c) Completed gift (d) Agency
Consideration must move at the desire of: (a) The promisor (b) The promisee (c) The promisor or any other party (d) Both the promisor and the promisee
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
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