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Job Interview Prep - Crack your Accounting Job Interview with these 30 Basic Accounting Questions most commonly asked by interviewers. Covered in this video: Trading A/c, Cash Book, Cash Flow Statement, Fund Flow Statement, Depreciation, Provisions & Reserves. Find conceptual questions and practical journal entries from each topic. This video will be useful for: ✔️ Fresh graduates preparing for their first accounting job interview ✔️ Experienced candidates seeking career growth in accounting & finance 🔑 Also useful for everyone looking for: i.) Accounting Interview Questions ii.) Accounting Interview Questions and Answers iii.) Accountant Interview Questions iv.) Accountant Interview Questions and Answers v.) Journal Entries for Accounting vi.) Cash Flow Statement Interview vii.) Fund Flow Statement Interview viii.) Accountant Jobs ix.) Accountant Skills x.) Accounting Interview Tips xi.) Accountant Interview Prep 📋 Questions Covered in the Video: 1. What are the final accounts prepared in Sole Proprietorship? 2. Why is Income Statement created? 3. What is Trading A/c? 4. What is P&L A/c? 5. Is Trading A/c a part of P&L A/c? 6. What is a Balance Sheet? 7. Which items are recorded on the Assets & Liabilities side of the Balance Sheet? 8. Differentiate between Grouping and Marshalling. 9. What is a Cash Flow Statement? What are the items entered on Inflow & Outflow sides? 10. What are the advantages of preparing a Cash Flow Statement? 11. If you deposit Cash at Hand in Bank Account, will it be treated as Cash Flow? 13. What are some commonly used Subsidiary Books? 14. What is Depreciation? 15. Is depreciation charged on all fixed assets? 16. Differentiate between Depreciation, Amortisation and Depletion. 17. What would happen if you don’t charge depreciation? 18. What are the different factors considered for providing Depreciation? 19. What are the different methods of charging depreciation? 20. What are the different methods to calculate depreciation? 21. What is Provision? 22. What are Reserves? 23. What are the various types of Reserves? 24. What are Secret Reserves? 25. If an asset is sold off before its Book Value becomes zero, how would depreciation be charged in the year of sale? 26. Are sales proceeds always equal to the Book Value of the Assets? 27. What are the other names for Fund Flow Statement? 28. Why is Fund Flow Statement prepared? 29. How do you know if a particular transaction would impact the Fund Flow Statement or not? 30. 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