Excuse me, sir. I am coming to apply for the position of accountant.
Oh, please sit down. What university did you graduate from?
I graduated from Tianjin College of Commerce.
What was your major at college?
My major was accounting.
Can you name some of the courses you completed in relation to accounting?
Sure. I took such courses as accounting principles, commercial accounting, cost accounting, industrical accounting, electronic data processing accounting, and accounting involved in foreign capital enterprises.
What kind of work are you doing now?
I'm engaged in accounting.
What are your responsibilities in your present work?
My work involves various routine bookkeeping and basic accounting tasks including journal entries, verifying data and reconciling discrepancies, preparing detailed reports from raw data, and checking accounting documents for completeness, mathematical accuracy and consistency.
Are you familiar with the PRC Financial and Tax Regulations?
I think so.
Can you tell me something about this balance sheet now?
Of course. This balance sheet contains three major sections, that is, assets, liabilities and owner's equity. So, you see, the total current liabilities of your company are $3, 372, 000, and the owner's equity is $5, 400, 000. That means that the total assets, which is equal to the sum of the creditor's and the owner's equities, are $8, 772, 000.
What's the creditor's equity?