Tech Do Quest Interview Questions and Answers

Yes, I have a technical certificate and I am proficient in 3 programming languages.

• I have a certificate in Java programming from Oracle.

• I am also proficient in Python and C++.

• I have experience in developing web applications using HTML, CSS, and JavaScript.

O2C process refers to Order-to-Cash process which involves all the steps from receiving an order to receiving payment.

• It includes order processing, invoicing, payment processing, and collections

• It is a crucial process for any business as it directly impacts cash flow

• Efficient O2C process can improve customer satisfaction and reduce errors

• Example: A customer places an order, the order is processed, an invoice is generated, payment is received, and the order is fulfilled

OTC process involves immediate payment, prepaid expenses are paid in advance, accrual expenses are recognized when incurred.

• OTC (Over-the-Counter) process involves immediate payment for goods or services without the need for credit.

• Prepaid expenses are payments made in advance for goods or services that will be received in the future.

• Accrual expenses are expenses that have been incurred but not yet paid for or recorded in the financial statements.

• Prepaid expenses are recorded...read more

Accrual basis of accounting is a method of recording transactions when they occur, regardless of when payment is received or made.

• Revenue and expenses are recognized when earned or incurred, not when cash is received or paid

• This method provides a more accurate picture of a company's financial health

• Example: A company records revenue when it delivers goods to a customer, even if the customer has not yet paid for them

• Example: A company records expenses when it incurs them, even...read more

O2C process involves all the steps from order placement to cash collection.

• Order entry and validation

• Credit check and approval

• Order fulfillment and shipment

• Invoice generation and delivery

• Payment processing and cash application

• Collections and dispute resolution