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Accounting

30 Interview Questions & Answers

Q&As WRITTEN BY
Bobbi Witt
Bobbi has been a finance manager for over 15 years, with direct recruiting and hiring experience in her field.
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Give an example of when you have seen or corrected the Trail Balance from being out of balance?
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Example #1
"When I was working for my previous company, I found that the trial balance was not balanced. One of the data entry financial analysts input a debit instead of a credit, and it completely threw off the books. We searched the journal entries and found the error and made a correction that balanced the books."
Example #2
"As I'm fresh out of school, I haven't run into this issue yet but when I was in school, I did have to create journal entries. Before I mastered that skill, I put together an inaccurate trial balance and had to investigate where I made the mistake. It helped me learn and master not only journal entries but the trial balance process itself."
Example #3
"I'v have run into this various times. Generally when you hire new graduates to input the data for journal entries you will have at least one of them put a journal entry in wrong. I have found this is a perfect teaching moment for them to learn what not to do in the future. I comb through the journal entries and find the error and find the log in that input it and we have a training session. This is not to shame them or make them feel bad its to educate them. We sit down and go over the process I went through to find the error and I let them fix it and then have them run the trail balance to ensure it ties out. Its a great learning experience for all and gives them a confidence boost when they learn the entire process start to finish."
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