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Balance sheet interview questions and answers
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MBA finance
What is a Balance Sheet? Why is it prepared?
Balance Sheet is a Statement showing financial position of the business on a particular date…
List the type of items which appear under the liability side of a balance sheet….
Items which appear under the liability side of Balance Sheet are:…
What types of items appear under the assets side?
Items which appear under the assets side of Balance Sheet are:…
What are adjustment entries? Why are they passed?
Adjustment entries are the entries which are passed at the end of each accounting period to adjust the nominal..
What are the entries to be passed for Preparing final accounts?
Preparing final accounts - a.) Closing Stock , b.) Depreciation ,c.) Outstanding Expenses , d.) Prepaid Expenses, e.) Accrued Income etc.
More Topics
General Accounting
Accounting Type
Journal
Expenditure
Ledger
Depreciation
Bank Reconciliation
Balance Sheet
Profit and Loss
Financial Accounting
Rectification of Errors
Cost Accountancy
Cost Element
Labour Cost
Material Cost
Overhead Cost
Marginal Costing
Standard Costing
Uniform Costing
Budgetary Control
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