Accenture Invoice Processor Interview Questions and Answers

Q1. What is amortization
Ans. 
Amortization is the process of spreading out a loan or asset's cost over a period of time.
• It involves paying off a debt over time with regular payments

• The payments are typically made up of both principal and interest

• Examples include mortgage loans and car loans
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Q2. What is golden rules of accounting
Ans. 
Golden rules of accounting are basic principles to be followed while recording financial transactions.
• Debit the receiver and credit the giver

• Debit what comes in and credit what goes out

• Debit expenses and losses and credit income and gains
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Q3. What is diminishing balance method
Ans. 
Diminishing balance method is a depreciation method that charges a higher rate of depreciation in the early years of an asset's life.
• Also known as reducing balance method

• Depreciation rate is applied to the remaining book value of the asset

• Results in higher depreciation expense in early years and lower in later years

• Example: A company buys a machine for $10,000 with a useful life of 5 years and a salvage value of $1,000...read more
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Q4. What us cgst and sgst
Ans. 
CGST and SGST are taxes levied on intra-state supplies of goods and services in India.
• CGST stands for Central Goods and Services Tax and SGST stands for State Goods and Services Tax.

• Both taxes are levied on the same transaction, with CGST going to the central government and SGST going to the state government.

• The rates of CGST and SGST are usually equal and are determined by the GST Council.

• For example, if the GST rate ...read more
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Q1. Last company and last salary
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Q1. Tell me about yourself.
Ans. 
I am a detail-oriented and organized individual with experience in data entry and processing.
• I have worked as a data entry clerk for two years

• I am proficient in Microsoft Excel and have experience with accounting software

• I am able to work independently and prioritize tasks effectively
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Q2. Why do you like change job
Ans. 
I am looking for new challenges and opportunities to grow professionally.
• Seeking a more challenging role

• Wanting to learn new skills and gain experience

• Desiring a better work-life balance

• Looking for a company culture that aligns with personal values

• Wanting to relocate to a new city or country

• Needing to pursue a different career path
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Q3. Why should i hire you
Ans. 
I am a detail-oriented and efficient invoice processor with experience in handling large volumes of invoices accurately and timely.
• I have a proven track record of meeting and exceeding targets for invoice processing

• I am skilled in using various accounting software and tools to ensure accuracy and efficiency

• I have excellent communication and problem-solving skills, which enable me to resolve any issues that may arise du
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Q4. Your family background
Ans. 
My family background is diverse and multicultural.
• My parents are from different countries and cultures.

• I grew up speaking multiple languages at home.

• My family values education and hard work.

• We have a strong sense of community and family.

• My grandparents played a significant role in shaping our family traditions.
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Q1. Say something about yourself
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Q2. Do you have any idea about this job role
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Q3. Why you have here and what is the reason behind your presence
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Q4. What's your strength
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Q1. Introduce yourself Why we can hire you
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Q2. Reasoning quants general ability question in attitude test
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Q1. Tell me about yourself
Ans. 
Experienced invoice processor with strong attention to detail and accuracy.
• Over 5 years of experience in processing invoices for a large corporation

• Proficient in using accounting software such as QuickBooks and SAP

• Detail-oriented with a focus on accuracy to ensure all invoices are processed correctly

• Ability to work efficiently under pressure and meet tight deadlines

• Strong communication skills to collaborate with vendor
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Q2. 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 all expenses and losses, Credit all incomes and gains.

• These rules help ensure that financial transactions are accurately recorded and balanced.

• For example, when a company receives cash f...read more
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Q3. Journal entries
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It was very easy and fine.

Q1. What is amortization
Ans. 
Amortization is the process of spreading out a loan or asset's cost over a period of time.
• It involves paying off a debt over time with regular payments

• The payments are typically made up of both principal and interest

• Examples include mortgage loans and car loans
Answered by AI
Add your answer
Q2. What is golden rules of accounting
Ans. 
Golden rules of accounting are basic principles to be followed while recording financial transactions.
• Debit the receiver and credit the giver

• Debit what comes in and credit what goes out

• Debit expenses and losses and credit income and gains
Answered by AI
Add your answer
Q3. What is diminishing balance method
Ans. 
Diminishing balance method is a depreciation method that charges a higher rate of depreciation in the early years of an asset's life.
• Also known as reducing balance method

• Depreciation rate is applied to the remaining book value of the asset

• Results in higher depreciation expense in early years and lower in later years

• Example: A company buys a machine for $10,000 with a useful life of 5 years and a salvage value of $1,000...read more
Answered by AI
Add your answer
Q4. What us cgst and sgst
Ans. 
CGST and SGST are taxes levied on intra-state supplies of goods and services in India.
• CGST stands for Central Goods and Services Tax and SGST stands for State Goods and Services Tax.

• Both taxes are levied on the same transaction, with CGST going to the central government and SGST going to the state government.

• The rates of CGST and SGST are usually equal and are determined by the GST Council.

• For example, if the GST rate ...read more
Answered by AI
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Q1. Last company and last salary
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Q1. Regarding general information
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Q1. About work details questions
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Q2. Handling payment, and checking invoice O2C process
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Q1. Work and salary details
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Q1. Tell me about your self
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