MBA Finance Question:
MBA Finance Balance sheet interview questions:
Answer:
How would you deal with following while preparing final accounts:
☼ Closing Stock
☼ Depreciation
☼ Outstanding Expenses
☼ Prepaid Expenses
☼ Accrued Income
☼ Income received in advance
☼ Bad debts
☼ Provision for doubtful debts
☼ Provision for discount on Debtors
☼ Interest on Capital
☼ Drawings
☼ Deferred revenue expenditure written off
☼ Abnormal Loss
☼ Goods distributed as free samples
☼ Goods sent on approval basis
☼ Commission payable to the manager
☼ Closing Stock
☼ Depreciation
☼ Outstanding Expenses
☼ Prepaid Expenses
☼ Accrued Income
☼ Income received in advance
☼ Bad debts
☼ Provision for doubtful debts
☼ Provision for discount on Debtors
☼ Interest on Capital
☼ Drawings
☼ Deferred revenue expenditure written off
☼ Abnormal Loss
☼ Goods distributed as free samples
☼ Goods sent on approval basis
☼ Commission payable to the manager
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