Capgemini Accounts Payable Interview Questions and Answers

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Q1. General entries for accounts
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Q2. Golden rule of account
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The golden rule of accounting is to debit the receiver and credit the giver.
• Debit the account that receives something

• Credit the account that gives something

• Maintains the balance sheet equation of assets = liabilities + equity

• Example: Debit cash account when receiving cash, credit accounts payable when paying a vendor
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Q1. Salary expectation they asked
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Q1. What is accounts payable
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Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts payable represents a company's short-term debts to suppliers or vendors.

• It is recorded as a liability on the balance sheet.

• Accounts payable is typically paid within a certain period, often 30, 60, or 90 days.

• Examples include invoices from suppliers for inventory purchases or services ren
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Q1. Tell me about yourself
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Q1. Basic questions asked about accounts payable
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