Capgemini R2R Associate Interview Questions, Process, and Tips

Q1. Prpeaid expenses accounting
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Q2. Purchase of asset from foreign accounting
Ans. 
When purchasing assets from foreign accounting, it is important to consider currency exchange rates and any potential tax implications.
• Consider the impact of currency exchange rates on the cost of the asset

• Be aware of any tax implications or duties that may apply to the purchase

• Ensure compliance with any international accounting standards or regulations

• Consult with a financial advisor or accountant familiar with intern...read more
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Q3. Purchase of asset process
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Q1. Types Depreciation and it's methods
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Types of depreciation include straight-line, double declining balance, units of production, and sum-of-the-years-digits.
• Straight-line depreciation evenly spreads the cost of an asset over its useful life.

• Double declining balance accelerates depreciation in the early years of an asset's life.

• Units of production depreciation is based on the actual usage of the asset.

• Sum-of-the-years-digits depreciation method takes into ...read more
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Q1. What is defferd revenue expenditure
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Deferred revenue expenditure refers to expenses that are incurred in one accounting period but are recognized as assets and expensed over multiple periods.
• Deferred revenue expenditure is recorded as an asset on the balance sheet and gradually expensed over the useful life of the asset.

• Examples include expenses incurred for setting up a new business, advertising costs, and expenses related to research and development.

• Th...read more
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General knowledge Quantitative aptitude English language

Q1. Most of the questions will be based on your resume that what you have mentioned in it .
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Q2. I mentioned SAP in my resume and the questions were like Tell me some T-Codes What are the other modules in SAP
Ans. 
SAP is an enterprise resource planning software used for managing business operations.
• Some T-Codes in SAP include SE16 (Data Browser), VA01 (Create Sales Order), and MM01 (Create Material Master).

• Other modules in SAP include Finance and Controlling (FICO), Sales and Distribution (SD), Material Management (MM), and Human Capital Management (HCM).

• SAP is used by companies in various industries such as manufacturing, retai...read more
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Q1. It will be about job and salary stuff not much anything else rather than this.
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Q2. Are you ready to relocate Are you willing to come to the office Are you ready to work overtime
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4 sections
Email writing excel accounting

Q1. Not completed yet pending
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Q2. Golden rules of accounts
Ans. 
Golden rules of accounts are basic principles that guide the recording of financial transactions.
• Debit what comes in, credit what goes out

• Debit the receiver, credit the giver

• Debit expenses and losses, credit income and gains
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Q3. Accounts payable
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Q4. Accounts receivable
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Q5. Bank reconciliation statement
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Q1. Prepaid expenses accounting
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Q2. Purchase of asset from foreifn accounting
Ans. 
When purchasing an asset from a foreign accounting, it is important to consider currency exchange rates and potential tax implications.
• Consider the impact of currency exchange rates on the cost of the asset

• Understand any tax implications or duties associated with importing the asset

• Ensure compliance with any international accounting standards

• Consult with experts or advisors familiar with cross-border transactions

• Keep d...read more
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Q1. Journal entry of leasing
Ans. 
Journal entry of leasing involves recording lease payments and related expenses in the appropriate accounts.
• Lease payments are recorded as a debit to the lease expense account and a credit to the cash or bank account.

• Depreciation expense related to the leased asset is recorded in the income statement.

• Interest expense on the lease liability is recorded in the income statement.

• The lease liability is recorded on the balan...read more
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Q1. Reasons for charging depreciation
Ans. 
Depreciation is charged to allocate the cost of an asset over its useful life, matching expenses with revenues.
• Depreciation reflects the wear and tear on assets over time

• It helps in spreading the cost of an asset over its useful life

• Allows for matching expenses with revenues generated by the asset

• Helps in determining the true profitability of a business

• Required by accounting standards to accurately reflect the value of
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Q2. Concept of Conservatism
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Conservatism is a political and social philosophy that prioritizes tradition, stability, and gradual change over radical reform.
• Conservatism emphasizes the importance of preserving established institutions and values.

• It is skeptical of rapid societal change and advocates for incremental adjustments.

• Conservatives often prioritize individual responsibility, limited government intervention, and traditional family structur...read more
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Q3. Golden Principles of Accounting both modern and traditional
Ans. 
Golden principles of accounting refer to the basic rules and guidelines that govern the field of accounting.
• The principle of consistency: Accounting methods and procedures should be consistent from one period to another.

• The principle of materiality: Only significant information that would influence the decision-making of users should be included in financial statements.

• The principle of conservatism: When in doubt, acco...read more
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Q4. Journal entry for fixed asset sold with adjustment of gain or loss on sale of fixed asset
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Journal entry for fixed asset sold with adjustment of gain or loss on sale
• Debit the accumulated depreciation account to remove the asset's accumulated depreciation

• Debit the cash or accounts receivable account for the amount received from the sale

• Credit the fixed asset account for the original cost of the asset

• Credit the gain or loss on sale of fixed asset account for the difference between the sale price and the book v
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Q5. Accrual basis of accounting
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Accrual basis of accounting recognizes revenue when earned and expenses when incurred, regardless of when cash is exchanged.
• Revenue is recorded when it is earned, not necessarily when cash is received

• Expenses are recorded when they are incurred, not necessarily when they are paid

• Matches revenues with expenses in the period they occur, providing a more accurate financial picture

• Required by GAAP for most businesses
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Q6. Journal entry for accrual basis of tranasaction
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Journal entry for accrual basis of transaction
• Accrual basis recognizes revenues and expenses when they are earned or incurred, regardless of when cash is exchanged

• To record an expense on accrual basis, debit the expense account and credit the accounts payable or accrued expenses account

• To record revenue on accrual basis, debit accounts receivable and credit the revenue account

• Accrual basis ensures that financial statem...read more
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Q7. Hobbbies was asked few questions based on our resume
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It was easy communication skills, basic accounting questions, excel questions