Bookkeeper Interview Preparation Guide
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Bookkeeper job test questions and answers guide. The one who provides the best answers with a perfect presentation is the one who wins the job hunting race. Learn Bookkeeper and get preparation for the new job

26 Bookkeeper Questions and Answers:

1 :: Tell me can you handle customer invoicing?

Discuss the programs and methods you have used in your schooling or job experience.
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2 :: Tell me how does customer invoicing relate to the accounts receivable? What is an Asset? What is a Liability? Define a journal entry?

Be prepared to succinctly and clearly define all accounting related terms and explain their interdependence.
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3 :: Tell me aout your experience and educational qualifications?

The further questions for a standard bookkeeper will involve finding out about their experience in the profession. If the bookkeeper is a novice, his or her educational qualifications will be gone through and authenticated before the interview goes anywhere ahead. Answer factually, detail any interesting or outstanding professors or coursework. When describing job experience, emphasize your role and accomplishments.
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4 :: Can you describe the difference between a Profit and Loss Account Statement and a Balance Sheet Statement?

It is recommended to read professional accounting material before the interview. This will give you an edge over other candidates since it is not only your accounting background and expertise that matters but also your general knowledge to different technical tasks.
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5 :: Tell me when are expenses recorded using the accrual basis of accounting?

Show that you have a solid approach and deep understanding for dealing with varied accounting reports.
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6 :: How to practice right for the interview?

Good or bad? I wish, I think, I feel.
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7 :: Can you handle customer invoicing?

Discuss the programs and methods you have used in your schooling or job experience.
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8 :: Tell me what is the accounting equation (or the balance sheet equation) or explain the balance sheet?

A good bookkeeper will explain the balance sheet has assets, liabilities and equity. This is mandatory for anyone you expect to provide accurate financial reports. Ideally they will tell you the equation is: Assets = Liabilities + Equity. If they can't explain the balance sheet, then ask them to describe an asset and liability account. You won't want someone who doesn't know the balance sheet responsible for month end close, but if someone else is ensuring accuracy, just knowing how assets and liabilities are used will be fine.
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9 :: Suppose if the bank account is off $0.92. How long will you spend looking for the problem and what steps will you take to find it?

This problem is tricky and really depends on what you would like to see in the right bookkeeper. Some won't stop looking until they find it. Sure, there could be numerous things causing any discrepancy so you do want them to spend some time looking for the problem. But how much time? Is spending 2 hours looking for $.92 the best use of time? If we look at return on investment, that's absolutely a bad use of time. If they answer 2 hours, you'll want investigate their tolerance for non-perfect circumstances. If you're in the creative field, an extreme perfectionist may just drive you insane. If, however, they won't look for the error at all, their attention to detail probably isn't strong enough and you should keep looking.
When looking for the error, the ideal candidate will say it's likely a transposition error and they would start there first (transposition errors are divisible by 9). They may just say they would check every line item against the statement, which is perfectly valid.
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10 :: Tell me in cash basis accounting, how would your record a $1200 annual insurance premium?

The right answer for cash basis is debit insurance expense $1200, credit cash or accounts payable. All bookkeepers should get this right.
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