Store Keeper Interview Preparation Guide
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Store Keeper Frequently Asked Questions by expert members with experience in Store Keeper. These questions and answers will help you strengthen your technical skills, prepare for the new job test and quickly revise the concepts

27 Store Keeper Questions and Answers:

1 :: Tell me about 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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2 :: 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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3 :: 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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4 :: 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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5 :: How can you handle customer invoicing?

Discuss the programs and methods you have used in your schooling or job experience.
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6 :: How can you handle the customer invoicing?

Discuss the programs and methods you have used in your schooling or job experience.
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7 :: 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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8 :: How do you practice right for the interview?

Good or bad? I wish, I think, I feel.
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9 :: Tell me in cash basis accounting, how to 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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10 :: How many gas stations (or coffee shops, etc) do you think there are in our (or your) country?

With this question, we're looking for good critical thinking skills. It's not okay to just guess a number with no explanation or to say they would "google" it. You want the candidate to have a process for getting to their guess, no matter how far off it is. There are this many gas stations in my town, I would guess this many towns in my state.
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