Provisions are created in books as they are anticipated. Example: provision for depreciation
Reserves are created in books as a part of profits, which might used to purchase assets or to declare dividends.
Explain me do you work well under pressure?
Explain me are you efficient with your time?
Explain me about a time you handled a complex financial project with a tight deadline that required precise data collection and analysis. Give me an example of how you keep track of things requiring your attention. What work objectives did you set for this year and what steps have you taken to ensure you will achieve them?
Tell me what items are included in Profit and Loss account?
Tell me what are the accounting concepts?
Explain me about a suggestion or successful contribution you have made in your past job or in college?
Tell me what have you done at your present/last company to increase revenues, reduce costs, or save time?
Please explain why are you the best candidate for us?
Tell me how have you monitored the regulations that affect your accounting position?
Explain me how you reacted when someone elses errors were impacting negatively on your job?
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