job interview
NAJC
Registered Posts: 44 Regular contributor β
I have a job interview on wedneday and have been told they might ask me the following questions :
what is the difference by debits and credits ?
what is the bannk reconciliation prepared for and how?
what do you understand about the purchase ledger and the sales ledger ?
i would really appreciate any help anyone can give me on how to answer these questions in the best way ?
what is the difference by debits and credits ?
what is the bannk reconciliation prepared for and how?
what do you understand about the purchase ledger and the sales ledger ?
i would really appreciate any help anyone can give me on how to answer these questions in the best way ?
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Comments
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Well the purchase ledger is all the things a company buys - such as parts, services etc and it's what we owe people where as sales ledger is things we have sold and that money is owed to us. this may also be referred to as debtors and creditors.
The bank reconciliation is prepared to keep track of the company's finances. It ensures we stay within our credit balance(or overdraft) and gives us an insight to what is due to come in/out meaning we may have to transfer money if necessary to avoid building up charges.
I always get debits and credits muddled up so will leave that one to someone else. My answers are a little waffley but it gives you a brief insight. Let us know if you need a more full explanation! : )
Good luck on wednesday x0 -
thankyou
Thankyou so much for your help. I have now been told of more questions :
- What is a bank reconciliation?
Do you know the difference between debits and credits?
Any help ?0 -
I would normally use DEAD and CLIC to remember what debits and credits are,
Debit
Expenses
Assets
Drawings
Debit an account to increase value of any of the above, credit the account to reduce the value.
Credit
Liabilities
Income
Capital
Credit any of the above accounts to increase the value ofthe liabilities, income and capital, debit the account to reduce the value.
Hope this helps.0 -
What level AAT are you? This is pretty easy stuff if you're Technician tbh..0
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thankyou
Thanks for all the help . Im so nervous !
and i done foundation over two years ago so am abit rusty. Im aware its easy stuff thankyou.0 -
Good luck! Let us know how you get on, I've got an interview tomorrow,I'm really nervous too.0
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Fingers crossed for both of you.0
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I have a job interview on wedneday and have been told they might ask me the following questions :
what is the difference by debits and credits ?
what is the bannk reconciliation prepared for and how?
what do you understand about the purchase ledger and the sales ledger ?
i would really appreciate any help anyone can give me on how to answer these questions in the best way ?
Wow. I wish an employer would ask me some technical accounting questions in an interview. Would give me a chance to shine.0 -
Good luck NAJC. Will be inspiring for people like me that are trying to get their foot in the door of the accounting sector if you get this.0
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Yay
I GOT IT !.
YAY!
Good luck for those looking for jobs ! It was the first one i applied too .0 -
Wow that is great news - what will you be doing : ) Congratulations x0
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Well done NAJC. That's great news!!0
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Well done NAJC! Brilliant!0
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Congratulations ..... when do you start?FMAAT - AAT Licensed Member in Practice - Pewsey, Wiltshire0
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Well done!0
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job
Thankyou all.
Im a bank reconciliation assistant for 3 months then she said she will start to increase my workload and give me payrises when im okay with the previous work . But she also said if i show im understanding quicker than 3 months she will prmote me quicker. She is also head of personal development so its her job to develop me up the company. It sounds great to me. I start on tuesday.
I got the job through reed accountancy recruiters.0 -
Thankyou all.
Im a bank reconciliation assistant for 3 months then she said she will start to increase my workload and give me payrises when im okay with the previous work. But she also said if i show im understanding quicker than 3 months she will prmote me quicker. She is also head of personal development so its her job to develop me up the company. It sounds great to me. I start on tuesday.
I got the job through reed accountancy recruiters.
That's great NAJC, it's sounds really good. Congratulations and good luck for your first day.
:thumbup:0
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