Question: Task 6 Background: You are preparing for a job interview for the role of Accounts Assistant in Complete Business Services which is an accounting and
Task 6 Background: You are preparing for a job interview for the role of Accounts Assistant in Complete Business Services which is an accounting and bookkeeping firm. You are thinking about the possible questions you may need to answer during your interview to demonstrate your knowledge and skills for the role you are applying for. Following are the list of questions you think you could be asked, and you need to prepare responses for these questions. Complete the following: Write your responses together with examples where necessary to the questions below: 1. Describe Double-entry bookkeeping and Accrual Accounting systems. In your description, briefly explain the key principles and provide at least one (1) example of a business transaction (practice) associated with each system. (word guide 50-100) 2. Explain what are General Ledger and General Journal entries? How are these two linked/associated to each other? Provide at least one examples of each type of entry. (word guide 50-100 words) 3. Describe the key features of the following financial reports: (word guide 25-50 words each) a) Trial balances b) Bank account reconciliation reports c) Interim reports
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