Accenture Accounts Receivable Associate Interview Questions and Answers

Q1. What was the depreciate
Ans. 
Depreciation is the allocation of the cost of an asset over its useful life.
• Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.

• It is used to spread the cost of an asset over its useful life for accounting purposes.

• Common methods of depreciation include straight-line, double declining balance, and units of production.

• Example: A company purchases a delivery truck for $50,000 and ...read more
Answered by AI
Add your answer
Q2. What is the AR
Ans. 
Accounts Receivable (AR) is the balance of money owed to a company by customers for goods or services provided on credit.
• AR represents the amount of money owed to a company by customers

• It is typically recorded as a current asset on the balance sheet

• AR is an important metric for assessing a company's financial health and cash flow

• Examples: Invoices sent to customers for products or services provided, outstanding payment
Answered by AI
Add your answer

Q1. Basic accounting skills
Add your answer

Q1. Basic accounting rules
Add your answer
Q2. Management studies
Add your answer

4 rounds of interview. Clearly asked for expectations and reality.

Q1. Why should we consider hiring you?
Add your answer

Totally 20 questions, 20 out of 15 is good one , witch is get to go next level(2nd round)

Q1. What are your strengths and weaknesses?
View 1 more answer
Q2. What is your family background?
View 1 more answer
Q3. Share details of your previous job.
Add your answer
Q4. Tell me about yourself.
Add your answer

Q1. This is final round, common question only I’m facing, Example: distance with home to office, travelling time, etc,
Add your answer

Q1. Use v lookup and hlookup
Ans. 
VLOOKUP and HLOOKUP are Excel functions used to search for a value in a table and return a corresponding value.
• VLOOKUP searches for a value in the first column of a table and returns a value in the same row from a specified column.

• HLOOKUP searches for a value in the first row of a table and returns a value in the same column from a specified row.

• Example: =VLOOKUP(A2, Sheet2!A1:B10, 2, FALSE) - searches for the value in...read more
Answered by AI
Add your answer
Q2. Should Excel know how
Add your answer

Q1. Work experience, salary expectation
Add your answer

Q1. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity.

• For example, when a company receives cash fro...read more
Answered by AI
Add your answer
Q2. Matching concept
Add your answer
Q3. P to P cycle
Add your answer