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More Accounting General Interview Questions

Q): Intangible assets(Goodwill,patents,copyright etc) how we amortise it.. this intangilble assets value can increase so till life time we should amortise these assets please guys explain me this structure?

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What is Cash Flow Statement?

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Who is debtor purchaser

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I would like to know about work in progress, when we will debit WIP under Asset a/c head in balance sheet, the credit will be allocated under in which accounting head? whether its under purchase a/c or income a/c ? expecting detail explanation?

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What is the purpose of a balance sheet?

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What is accounting for plant assets?

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Tell me the types of accounts involved in double entry book-keeping?

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how to maintain the books of accounts in the organization

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what is the entry pass of prepaid expense & o/s expenses?

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difference between account payable and bills payable

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Why does closing stock does not appear in trial balance?

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Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?

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