There are many jobs in the organizations that need specialists. However, in a formal round of interview one may not be able to judge the true capability and quality of a candidate and therefore it is important to check the knowledge of the candidate in a little depth. To overcome the trouble of getting the right candidate, there are some tests that can help the recruiter know the quality of the candidate and offer him a job where he can perform the best. These tests are very simple, but they can offer some amazing results to the recruiter that can help him decide.
An organization that is looking forward to employing an accountant or a manager to handle the accounts of the company must know what questions to ask. The accounts knowledge test is therefore performed to filter the best financial analyst among the given number of candidates. The basic accounting test which can be taken online is the best option to find employees or managers who have knowledge in managing accounts and is adroit with numbers. The generic account knowledge test has multiple choice questions and is comparatively easy. Once the first accounts aptitude test is performed the candidate must face the personal interview where more specialized should be asked. The following article will try to enumerate few examples of the general accounts knowledge aptitude test.
Top ten probable questions in an accounts knowledge test
The accounts knowledge tests have both objective questions which are entirely based on theory and experience and also numerical tests which are practical based. A few questions that can be asked in the theory based multiple choice section are:
- For a given period which financial statement of a company displays the revenue and expenses?
- What is the main reason behind financial accounting?
- In the basic accounting equation, what is not counted as a separate item?
- When is expanded financial accounting used in a financial statement?
- When is the accrual basis of accounting revenues used?
- Debits, credits, balances, and headings are displayed in which format of accounting?
- What type of balance does the assets account have?
- Which account is not considered as a liability account?
- Equity is increased in which type of account?
- The type of balance a contra asset account has.
The afore-mentioned questions are a few examples which the employing organization can ask its candidates along with multiple choices of answers. The questions are to the point and can be answered by any qualified accountant. There are also lengthier questions where the candidate has to solve problems and choose the correct answer. Thus, the accountancy knowledge test is an evaluation of appearing employees for a certain job position. The aptitude tests can be taken online but generally, these tests are taken by the companies, and the candidates are given a system to solve the paper within a specified time. The answers to the question are easily available on the internet so there must be proper invigilation when the tests are carried on.
