Consero Global Solutions Interview Questions, Process, and Tips

Q1. Accrual concept
Add your answer
Q2. Bad debt entry entry and effect
Add your answer

Q1. Basic accounts Like what is GP and bad bed debts related Provision for bad beddebts Vendor relate journal entries P2p process
Add your answer
Q2. Purchase returns effect
Add your answer

There will be 3-4 test on accounting, grammar, reasoning, basic calculation and excel test

Q1. What is prepaid expenses
Ans. 
Prepaid expenses are expenses that have been paid in advance but have not yet been incurred.
• Prepaid expenses are considered assets on the balance sheet until they are used up or expire.

• Common examples of prepaid expenses include prepaid rent, insurance premiums, and subscriptions.

• Prepaid expenses are initially recorded as assets and then gradually expensed over time as they are used or consumed.
Answered by AI
Add your answer
Q2. What is accrued expenses
Ans. 
Accrued expenses are expenses that have been incurred but not yet paid for.
• Accrued expenses are recorded as liabilities on the balance sheet

• They represent expenses that have been recognized but not yet paid

• Examples include accrued salaries, interest, and taxes
Answered by AI
Add your answer
Q3. Journal entry of sale of fixed assets in case of profit on sale
Ans. 
Journal entry for sale of fixed assets with profit involves debiting cash and accumulated depreciation, crediting fixed asset and gain on sale of asset accounts.
• Debit cash account for the amount received from the sale

• Debit accumulated depreciation account to remove the accumulated depreciation on the asset

• Credit fixed asset account to remove the cost of the asset from the books

• Credit gain on sale of asset account for t
Answered by AI
Add your answer
Q4. Golden rule of accounting
Ans. 
The golden rule of accounting states that debit what comes in and credit what goes out.
• Debit what comes in and credit what goes out

• Assets = Liabilities + Equity

• Revenue = Expenses + Net Income
Answered by AI
View 1 more answer

Q1. Basic family details
Add your answer
Q2. What is my expected salary
Add your answer

Round 1 - Assesment test consists of
Aptitude
Communication
Excel
Email drafting
Accounting
And one-on-one technical.

Q1. Technical Round - Concepts and journal entries Accrual expenses Deferred revenue Prepaid expenses BRS Month end closing process AP and AR process and JD related topics.
Add your answer
Q2. Round 3 - HR Round CV presentation
Add your answer

Q1. Walk through all the financial statements Sale of FA with JE and its impact on 3 financial statements Cash sales and credit sales How would you allocate rent for 3 different divisions Diff between forecas...read more
Ans. 
Answering questions related to financial statements and allocation of expenses
• The financial statements include the income statement, balance sheet, and cash flow statement

• Sale of FA impacts the income statement, balance sheet, and cash flow statement through depreciation and gain/loss on sale

• Cash sales and credit sales impact the income statement and cash flow statement differently

• Allocation of rent can be based on squ...read more
Answered by AI
Add your answer

Q1. Walk through the profile Reason for job change Why do you want to work for Consero
Add your answer

Q1. Accrual concept
Add your answer
Q2. Inter company entries
Add your answer
Q3. Depreciation accounting
Add your answer
Q4. Deferred revenue
Add your answer
Q5. Deferred expenditure
Add your answer