ACCOUNT RECONCILEMENT SERVICES

Balancing a checkbook can be a difficult process for a very large business, since it issues so many checks it can take a lot of human monitoring to understand which checks have not cleared and therefore what the company's true balance is. To address this, banks have developed a system which allows companies to upload a list of all the checks that they issue on a daily basis, so that at the end of the month the bank statement will show not only which checks have cleared, but also which have not. More recently, banks have used this system to prevent checks from being fraudulently cashed if they are not on the list, a process known as Positive pay.

FIXED ASSETS INTERVIEW QUESTIONS

1) Define what is meant by the terms "Capital"and "revenue"items in connection with fixes assets?

2) How to change assets class in fixed assets module in SAP? I made a wrong entry regarding the asset class?

3) What is the difference between different depreciation methods?

4) What is various means of calculating depreciation?

5) What experience have you had in fixed assets accounting?

6) After run depreciation i have forget calculate depreciation of one asset then how to calculate depreciation of that asset?

FIXED ASSETS

A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be consumed or converted into cash any sooner than at least one year's time.

Fixed assets are sometimes collectively referred to as "plant".