Accounting Quiz

Why did you select accounting as your profession?
What are your accounting responsibilities at your current job?
How many places have you worked as an Accountant?
Internship Only
1
2
3
4
5
6
Which Account Applications have you used?
Microsoft Dynamics
AME Accounting
Advanced Business Solutions
Quickbooks
FreshBooks
Wave
Oracle Financials
Zoho Books
Sage
Other
Can you name any other accounting applications?
What is the abbreviation for the accounting terms debit and credit?
De & cr
DT & CT
Dr & cr
Deb & Crd
How many types of business transactions are there in accounting?
3
7
2
5
What are the types of business transactions in accounting?
Revenue & Capital
Capital & Gains
Gains & Income
Income & Revenue
What is a CPA
Credited Private Asset - 300 Hour Requirement
Cash Positive Accountant - 200 Hour Requirement
Certified Public Accountant - 150 Hour Requirement
Are Accounting Standards mandatory?
Public accounting is a type of accounting that is done by one company for another company. Private accounting is done for your own company.
Yes
No
How have you implemented the recent tax changes in your company?
Detail your experience in preparing management accounts.
Explain the different accounting packages you are familiar with and tell me which best met your needs.
Tell me about a time you handled a complex financial project with a tight deadline that required precise data collection and analysis.
Describe the systems you have in place for keeping track of assignments given to staff members.
Tell me how you reacted when someone else's errors were impacting negatively on your job.
How do you control errors in your work?
What motivated you to establish a career in accountancy?
What cost-cutting measures have you been responsible for implementing?
Give examples of internal control procedures that you have developed and maintained.
What role have you played in the audit process?
What is the greatest responsibility you have been trusted with, financial or otherwise?
Tell us about the financial forecasting you have been responsible for.
How do you keep updated on all the accounting rules and techniques?
What are your strengths as an accounting professional?
What are the three factors that can affect your cash flow and business profitability?
Cash flows from investing activities
Cash flows from operating activities
Cash flow from financing activities
Cash flow from profitable activities
What does financial statement of the company include?
Balance Sheet ( Assets, liabilities, and equity)
Income statement ( Profit or Loss statement)
Equity statement
Cash flow statement
Types of Ledgers?
General
Loss
Financial
Debtors
Creditors
Profit
What is GAAP?
General Appreciation of Assets and Purchases
Generally Accepted Accounting Principle
General Applications And Products
Great Answers Always Profit!
What is a statement that states all the liabilities and assets of the company at certain point?
Account sheet
Work sheet
Record sheet
Balance sheet
TDS indicates
Tax Declaration at Source
Tax Deduction at Source
Tax Deduction System
Tax Description at Source
Inactive and dormant accounts are the same thing?
Yes
No
VAT stands for
Value Added Tax.
Value Active Tax.
Value Address Tax.
Valid Active Tax.
What is the difference between accounts receivable (AR) and accounts payable (AP)?
As per _________________, a company has to show the value of all of its assets in terms of price on balance sheet on which that asset can be sold
Offset accounting
Fair value accounting
Private Accounting
Public Accounting
What was the toughest accounting task you had to solve in your career?
Do you possess knowledge of accounting standards?
What characterize a good accountant from your point of view?
What motivates you to do this routine job?
What do you think is a goal of an accountant in our company?
Are you able to pass a background test?
No
Yes - absolutely
We'll see what you find!
Yes but not a drug test
Is there any issue with taking our mandatory drug screen?
How long until the piss test?
No problem whatsoever
Is it required?
Sure give me a couple weeks to prepare
What is your experience with accounts payable and receivable?
How comfortable are you in handling our small companies payroll?
Very Comfortable
This is something that I can learn quickly
I don't have experience here
I have done this work before, it's not for me
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