![]() Try to show us your desire to have the role. Saying that you want this job because you have a Master’s in Literacy and coaching certificate would indicate a must (you have to do the job when you already spent so much time studying the subject). Try to focus on the future, not the past. Why do you want to work as an instructional coach? Other questions you may get in your instructional coach interview.What do you expect from school administrators and other staff members at school?.What are your favorite training methods?.What role does working with students play in your job of an instructional coach?.How would you identify teachers who need your help, or areas in which a particular teacher has to improve their teaching methods?.Why do you want to work here (at our school, for our district, for our organization)?.Why do you want to work as an instructional coach?.Question-25: Next accounting period starts with-Īnswer: The remaining balance of assets, liability, and owner’s equity account. Question-24: Which account needs to be closed at the end of the year?Īnswer: Revenue Income, Revenue Expense, and Drawings account. Question-23: Where are the nominal accounts transferred and the balance closed?Īnswer: Income statement, expense statement. Question-22: What are the basic requirements for analyzing financial statements?Īnswer: Providing various information to the concerned party. Question-21: What is the objective of preparing a financial statement?Īnswer: Determine the amount of profit & loss, total assets, and total liabilities, and owner’s equity of the business. Question-20: Which is the list of debit and credit balances of the ledger account? Question 19: What is the name of the book in which the transactions are initially recorded with a brief explanation of the debit and credit analysis? Question-18: When will the account be completed?Īnswer: When transactions are recorded chronologically as debit and credit. Question-17: What is called “transfer” in the accounting cycle? Question-16: Through which the financial status is known?Īnswer: Balance sheet or financial statements. Question-15: What is known through the ledger?Īnswer: Balance of various accounts are known through the ledger. Question-14: Which task is called summarization in the accounting cycle? Question-13: Which is the last and optional step of the modern accounting cycle?Īnswer: Opening Journal is the last and optional step of the modern accounting cycle. Question-12: Who maintains continuity between previous and next year’s transactions?Īnswer: The accounting cycle maintains continuity between previous and next year’s transactions. TASK COACH QUESTIONS AND ANSWERS TRIALQuestion-11: Which trial balance is made in the worksheet? Question-9: Which entry is made for an accounting of arrears and advance income and expenditure?Īnswer: Adjusting entry is made for an accounting of arrears and advance income and expenditureĪnswer: Worksheet is an optional multi-column statement. Question-8: Which entry is prepared to close the revenue-expenditure account?Īnswer: Closing Entry is prepared to close the revenue-expenditure account. Question-7: Which step of the modern calculation cycle is used to verify the mathematical accuracy of the calculation?Īnswer: The fifth step (Preparing Trial Balance) is used to verify the mathematical accuracy of the calculation. Question-6: Which is the first step of the modern accounting cycle?Īnswer: The first step of the modern accounting cycle is identifying transactions. Question-5: Which task is called summarization in the accounting cycle?Īnswer: The summarization phase in the accounting cycle is the preparation of the trial balance. Post-closing Trial Balance or Opening Journal.Question-4: What are the accounting cycle’s 10 steps?Īnswer: The accounting cycle’s 10 steps are as follows: Question-3: How many steps are there in the accounting cycle?Īnswer: There are ten (10) steps in the accounting cycle. Question-2: What is the main purpose of the accounting cycle?Īnswer: The main purpose of the accounting cycle is to establish links between different accounting periods of business. Question-1: What is the accounting cycle?Īnswer: The continuous cycle of keeping accounts is known as the accounting cycle. Short Questions and Answers- Accounting Cycle If you want to do well in accounting, practice these 25 short questions and their answers on a regular basis.įor theory please read this article 10 steps of the Accounting Cycle. It will definitely help you do well in any form of competitive exams, such as school or college viva tests, career written exams or interviews, etc. Today we will learn “25 short questions and answers-Accounting Cycle“. ![]()
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