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Guide for Junior Accountant Interview Questions

Quiz Junior Accountant Interview Questions

10/400 Questions|Updated on 2024/06/01
Free Test
/ 10

Quiz

1/10
Accounting Software
Which accounting software is commonly used in the United Kingdom for small businesses?
Select the answer
1 correct answer
A.
QuickBooks
B.
Excel
C.
SAP
D.
Oracle

Quiz

2/10
Accounting Standards and Principles
Which accounting standard is used by companies in the UK to prepare their financial statements?
Select the answer
1 correct answer
A.
IFRS
B.
GAAP
C.
FASB
D.
ASC

Quiz

3/10
Auditing and Internal Controls
What is the primary purpose of auditing in accounting?
Select the answer
1 correct answer
A.
To prepare financial statements
B.
To detect and prevent fraud
C.
To calculate taxes owed
D.
To issue payroll checks

Quiz

4/10
Basic Accounting Principles
What is the basic accounting principle that states every transaction should be recorded in the accounting records?
Select the answer
1 correct answer
A.
Matching principle
B.
Revenue recognition principle
C.
Cost principle
D.
Principle of recording

Quiz

5/10
Cost Accounting
What is the primary goal of cost accounting?
Select the answer
1 correct answer
A.
Maximizing profit
B.
Minimizing costs
C.
Increasing revenue
D.
Improving employee satisfaction

Quiz

6/10
Ethics in Accounting
What is the primary purpose of ethics in accounting?
Select the answer
1 correct answer
A.
To maximize profits at all costs
B.
To ensure accurate and transparent financial reporting
C.
To avoid paying taxes
D.
To manipulate financial statements for personal gain

Quiz

7/10
Financial Statements
What is the purpose of a balance sheet in financial statements?
Select the answer
1 correct answer
A.
To show the revenues and expenses over a period of time
B.
To show the assets, liabilities, and equity of a company at a specific point in time
C.
To provide information about cash flow activities
D.
To detail the cost of goods sold for a company

Quiz

8/10
Ledger and Journal Entries
What is the purpose of a ledger in accounting?
Select the answer
1 correct answer
A.
To record daily transactions
B.
To calculate taxes
C.
To create financial statements
D.
To analyze market trends

Quiz

9/10
Taxation Basics
What is the purpose of taxation in the UK?
Select the answer
1 correct answer
A.
To fund public services such as healthcare and education
B.
To provide bonuses to government officials
C.
To support only private businesses
D.
To benefit only the wealthy individuals

Quiz

10/10
Trial Balance
What is the purpose of a trial balance in accounting?
Select the answer
1 correct answer
A.
To calculate the total revenue of a company
B.
To ensure that debits equal credits in the accounting records
C.
To prepare financial statements for external stakeholders
D.
To determine the fair value of assets and liabilities
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Info quiz:

  • Quiz name:Junior Accountant Interview Questions
  • Total number of questions:400
  • Number of questions for the test:50
  • Pass score:70%
  • Number of topics:10 Topics
Study topics:Number of questions:
  • Accounting Software:40 Questions
  • Accounting Standards and Principles:40 Questions
  • Auditing and Internal Controls:40 Questions
  • Basic Accounting Principles:40 Questions
  • Cost Accounting:40 Questions
  • Ethics in Accounting:40 Questions
  • Financial Statements:40 Questions
  • Ledger and Journal Entries:40 Questions
  • Taxation Basics:40 Questions
  • Trial Balance:40 Questions

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