Capgemini Process Associate Interview Questions, Process, and Tips for Experienced

Basic Accounts related question

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Q1. Basic Accounting
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Q2. What is working Capital
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Working capital is the difference between current assets and current liabilities of a company.
• Working capital is essential for a company's day-to-day operations.

• It indicates the company's ability to meet short-term financial obligations.

• Formula: Working Capital = Current Assets - Current Liabilities.

• Examples: Cash, accounts receivable, inventory are current assets. Accounts payable, short-term loans are current liabili
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Q3. Accounting rules
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Q1. Tell me about is GST?
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GST stands for Goods and Services Tax, a value-added tax levied on most goods and services sold for domestic consumption.
• GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer.

• It has replaced multiple indirect taxes like VAT, service tax, etc.

• GST has 4 tax slabs - 5%, 12%, 18%, and 28%.

• Input tax credit can be claimed on taxes paid on input goods and services.

• GST registratio...read more
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Q2. 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 is a liability on the company's balance sheet

• It represents the amount of money owed to suppliers for goods or services received

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

• Examples of accounts payable include invoices from suppliers for inve
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Q1. Kyc money laundering related questions
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Q1. Not a big task for experience person.
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Q2. What is your salary expectation.
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Q3. Why should you hire you..
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Q1. My Job responsibilities
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Q2. Current CTC and expectations
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Current CTC is $40,000 and expectations are $50,000.
• Current CTC: $40,000

• Expectations: $50,000
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Q3. Description of the Job
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Q1. What is provision
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Provision is an amount set aside for a specific purpose or future expense.
• Provision is a financial term used to account for future expenses or liabilities.

• It is an estimated amount set aside in advance to cover potential losses or expenses.

• Provisions are made on the basis of past experience, current trends, and future expectations.

• Examples of provisions include bad debt provision, warranty provision, and restructuring
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Q2. Expense with out cash
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Expense without cash refers to transactions where money is spent without using physical currency.
• Expense can be incurred through credit card transactions.

• Expense can also be incurred through online payment methods like PayPal or Venmo.

• Expense without cash can also include bartering goods or services.

• Expense without cash can be recorded in accounting as accounts payable or accrued expenses.
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Q3. What will be a Purchase entry
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A purchase entry is a record of a transaction where a company buys goods or services.
• Includes details such as date, vendor name, invoice number, amount, and payment method

• Debit the Purchases account and credit the Accounts Payable account

• Example: On January 1, XYZ Company purchases $500 worth of office supplies from Office Depot
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