This is the Job Interview Questions and Answer for Office Manager Bookkeeper position that you can use when you’re about to have job interview for accounting jobs. Make sure that you know the details of the interview due to the fact that the interview questions is sometimes tricky and misleading. Please share this job interview questions and answer if you find it helpful.

The possible Job Interview Questions and answers for Office Manager Bookkeeper position:

1. What are assets and liabilities ?
An asset is something of worth that benefits a corporation. Cash, inventory and other fixed assets come under the category of assets. Liabilities are something that is owed by the business to the outsiders.

2. What is a journal entry?
It is an entry made in the journal and posted afterwards in the general ledger. It records all the accounting information regarding business transactions of financial nature.

3. What is the difference between a balance sheet statement and a profit and loss statement?
A profit and loss or an income statement is used to measure how the company performed financially over a particular period of time. Whereas, a balance sheet statement shows the companies overall strength in terms of what the company has and what it owes to the outsiders.

4. What is depreciation?
It is a process that spreads out the amount of an asset over its useful time. There are several types of depreciations used by the companies but the most common method is the straight line method.

5. When are the expenses recognized under the general accrual basis of accounting?
All the expenses are recognized when they happen in this type of accounting. For instance: when a purchase is made with net 30 day terms, then that particular purchase is recorded at the time of obtaining the goods or services.

The samples job interview questions and answers mentioned may not be 100% the same as what you will or have got but at least can be the best guidelines to get the job.