Assistant Accountant Interview Preparation Guide
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Assistant Accounts related Frequently Asked Questions by expert members with job experience as Assistant Accountant. These questions and answers will help you strengthen your technical skills, prepare for the new job interview and quickly revise your concepts

72 Assistant Accountant Questions and Answers:

1 :: What has been your most complex assignment to date?

The example given should convey how a combination of technical expertise and personal characteristics enabled you to successfully deliver within very challenging constraints.

2 :: Where would you like to be in five years' time?

Be ambitious but realistic and make sure your answer is about your career, not your life in general.

3 :: Tell me what sets you apart from others? Why should we prefer you over other applicants?

I am highly dependable and responsible. I am capable of multitasking in a fast paced environment. I possess the key elements that you are looking for: Drive & energy, functional & technical expertise that I have just explained, high standards that guarantee exceptional quality of work and attention to detail, strong urge to take initiative and integrity in working ethically and honestly.

4 :: Explain me a Time When You’ve Helped Reduce Costs?

This can be a challenging question, especially if you’ve never held an accounting job before. While some accountants strictly do their jobs, others go above and beyond by making suggestions to management and identifying areas where money can be saved. By describing a scenario from your coursework or an internship, you can show the hiring manager that you’re willing to go beyond and be a team player.

5 :: How would you handle an audit or discrepancy?

Shows research and problem-solving skills.

6 :: Explain me which accounting software are you familiar with?

Most job candidates would answer this question by listing all the accounting applications they can work with. While this answer would be adequate, it isn't the best answer.

Before going into a job interview, we recommend trying to find out what type of accounting software the company uses. This will give you the opportunity to see if its an application you're already familiar with, and if it's not, give you time to learn more about it so you can respond knowledgeably and intelligibly.

Going into the interview, more than likely you won't have any idea which accounting software the company uses. Additionally, there are many different accounting packages out there. Instead of simply mentioning the programs you're familiar with, demonstrate to the interviewer that you're very computer savvy and able to learn to work with just about any accounting software application quickly.

7 :: Tell us how effective are your communication skills?

Mention front desk customer service as well as regular communication with the management (representations, proposals, etc.). For example, talk about your ability to sense requirements before they are said and how you’ve resolved complaints effectively.

8 :: Tell me what is owner’s equity? How will you calculate it?

Owner’s equity, also known as capital of the business is the claim of the owner of the business against the assets of the business. Owner’s equity is calculated by subtracting equity of creditors from the total equity.

9 :: Tell me what is the adjustment entries made while preparing the final accounts from the Trial Balance?

☛ Debit note is an intimation sent to a person dealing with the business that his account is being debited for the purpose indicated therein. It is a note made out with a carbon duplicate. The original one is sent to the party to whom the goods are returned and the duplicate copy is kept for office record.
☛ Credit note is an intimation sent to a person dealing with the business that his account is being credited for the purpose indicated therein.

10 :: Explain me what is Deferred Revenue Expenditure? Give some examples?

Deferred Revenue Expenditure is a type of expenditure which does not result into the acquisition of any fixed asset and the benefits from such expenditure is not received during the period which they are paid for.
For example - Initial Advertisement Expenditure, Research and development Expenditure, Preliminary Expenses.