Accounting Interview Questions

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Start with practicing the questions below. Whether a question involves multiple choice or live coding, we will give you hints as you go and tell you if your answers are correct or incorrect.

After that, take our timed public Accounting Interview Questions Test.

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1. Company Vehicle

Accounting and Finance Chart of accounts Public

Your company just purchased a company vehicle with cash. Which actions regarding the Chart of Accounts would take place (double-entry bookkeeping method)?

(Select all acceptable answers.)

Easy  
2min
   


2. Cash Withdrawal

Accounting and Finance Double-entry bookkeeping Public

When a bank's customer makes an ATM cash withdrawal from the customer's account, which classes of the bank's Chart of Accounts will be affected?

Easy  
2min
   


3. Total Interest

Accounting and Finance Basic financial statements Public

Where can information about the total interest paid during the reporting period be found?

Easy  
2min
   


4. Fixed Assets Increase

Accounting and Finance Fixed asset management Public New

DEF Limited, a company that specializes in high-end audio components, is planning to expand into a new market by investing in a new production line. DEF invested a total of $150,000 into the new production line, consisting of $100,000 received from a five-year loan and $50,000 of DEF’s own cash. DEF’s management has decided to use the straight-line depreciation method over a 10-year period, and the salvage (residual) value of the production line is zero.

What is the increase to DEF’s fixed assets when the production line is put into operation?

Easy 
2min
$ 
   


If you feel ready, take one of our timed public Accounting Interview Questions tests:
  • Accounting and Finance Test (Easy)
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