Accounting Interview Questions and Answers
| 11) |
Differentiate between consignor and consignee? Consigner is the owner of the goods or you can say he is the person who delivers the goods to the consignee. The consignee is the person who receives the goods. |
| 12) |
Define depreciation and its types? By depreciation we mean that a value of an asset is decreasing as it is in use. It has two types such as “Straight Line Method” and “Written Down Value Method”. |
| 13) |
Define bills receivable? All types of exchange bills, bonds and other securities owned by a merchant that is payable to him are said as bills receivable. |
| 14) |
How much mathematics knowledge is necessary or required in accounting? Not much knowledge but basic mathematical background is required in accounting for operations like addition, subtraction, multiplication and division. |
| 15) |
Define retail banking?. It is a type of banking that involves a retail client. These clients are the normal people and not any organizational customers |