Accounting Interview Questions and Answers
| 21) |
Differentiate Accounting and Auditing? Accounting is all about recording daily business activities while auditing is the checking that whether all these events have been noted down correctly or not. |
| 22) |
Can you name different branches of accounting? There are three branches of accounting named as “Financial Accounting”, “Management Accounting” and “Cost Accounting”. |
| 23) |
What is project implementation? Project implementation involves six steps in total such as:
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| 24) |
Differentiate Public and Private Accounting? Public accounting is a type of accounting that is done by one company for another company. Private accounting is done for your own company. |
| 25) |
What do you think is bank reconciliation statement? A reconciliation statement is prepared when the passbook balance differs from the cashbook balance. |