Remove accounts payable Remove basic accounting Remove tax accountant
article thumbnail

Top 10 Common Accounting Interview Questions with Answers

Simple Accounts

Three terms used in a balance sheet are Accounts payable, Accounts receivable, Prepaid Expenses. . Generally Accepted Accounting Principles . Explain the latest changes introduced in Tax. You must be aware of new changes in tax, accounts, etc. Before going to any interview, prepare yourself.

article thumbnail

What to Look for in an Accountant

MazumaBusinessAccounting

Experienced accountants use the financial data to prepare your business taxes, a task most business owners would be happy to get off their plate. Aside from rote bookkeeping and tax filing, the most significant value-add from a small business accountant is financial analysis and teaching basic accounting concepts.

article thumbnail

What to Look for in an Accountant

MazumaBusinessAccounting

Experienced accountants use the financial data to prepare your business taxes, a task most business owners would be happy to get off their plate. Aside from rote bookkeeping and tax filing, the most significant value-add from a small business accountant is financial analysis and teaching basic accounting concepts.