Capgemini R2R Process Associate Interview Questions, Process, and Tips

Q1. Accounting entry for Inter company transactions
Ans. 
Inter company transactions are recorded using journal entries.
• Inter company transactions involve two or more entities within the same organization.

• The journal entry for inter company transactions includes a debit and credit entry.

• The debit entry is made in the receiving company's account and the credit entry is made in the giving company's account.

• For example, if Company A sells goods to Company B, the journal entry wo...read more
Answered by AI
View 1 more answer
Q2. Accounting principles application in preparation of financial statements
Ans. 
Accounting principles are applied in the preparation of financial statements to ensure accuracy and compliance with regulations.
• The principles of accounting include the matching principle, revenue recognition principle, and the cost principle.

• Financial statements must be prepared in accordance with Generally Accepted Accounting Principles (GAAP).

• The balance sheet, income statement, and cash flow statement are the three...read more
Answered by AI
View 1 more answer
Q3. What is Accrual concept
Ans. 
Accrual concept refers to the recognition of revenue and expenses in the financial statements before the actual cash transaction takes place.
• Accrual concept is based on the matching principle, which states that expenses should be recognized in the same period as the revenue they helped generate.

• This means that revenue and expenses are recorded in the financial statements when they are earned or incurred, regardless of ...read more
Answered by AI
Add your answer

Q1. Depreciation Amortization Good will Salary scheme
Add your answer
Q2. Accounting base questions
Add your answer
Q3. Basic accounting knowledge
Add your answer

Q1. Tell about yourself
Add your answer

Q1. About your self
Add your answer
Q2. Previous employer details and company name role u done
Add your answer

It was quite easy first round

Q1. Journal entries
Add your answer
Q2. Accrual posting
Add your answer

Q1. Golden rules of accounting
Ans. 
The golden rules of accounting are fundamental principles that guide the recording of financial transactions.
• The first golden rule is the Debit-credit rule, which states that for every debit entry, there must be a corresponding credit entry.

• The second golden rule is the Real account rule, which states that all assets and expenses have a debit balance, while all liabilities, capital, and income have a credit balance.

• The...read more
Answered by AI
Add your answer