Accounting interview questions

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1. Cash Withdrawal
Accounting and Finance Double-entry bookkeeping Public New

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
Classes representing assets.
Classes representing equity.
Classes representing liabilities.
Classes representing assets and equity.
Classes representing assets and liabilities.
Classes representing equity and liabilities.
   

2. Company Vehicle
Accounting and Finance Chart of Accounts Public New

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 that apply.

Easy 
2min
The account representing cash is credited.
The account representing cash is debited.
The account representing mobile asset is credited.
The account representing mobile asset is debited.
   

3. Total Interest
Accounting and Finance Basic financial statements Public New

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

Easy 
2min
The profit and loss statement (income statement).
The balance sheet.
The statement of retained earnings.
The statement of changes in shareholders' equity.
   

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