ConvergeOne Accounts Receivable Specialist Interview Questions and Answers

Q1. 2 way 3 way matching
Ans. 
2 way 3 way matching is a process used in accounting to ensure accuracy in financial transactions.
• 2 way matching involves matching the invoice with the purchase order

• 3 way matching involves matching the invoice with the purchase order and the receiving report

• Helps in detecting errors or discrepancies in the billing process
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Q2. Accounts payable and accounts receivable
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Q3. Some general questions
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Q1. T code to review po
Ans. 
ME23N
• ME23N is the T code used to review purchase orders in SAP

• It allows users to view details of a specific purchase order, such as vendor information, item details, and delivery status
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Q2. If you find mismatch in quantity who to you contact
Ans. 
Contact the inventory manager or supervisor for resolution.
• Contact inventory manager or supervisor immediately

• Verify the discrepancy with relevant documentation

• Discuss potential causes of the mismatch and work towards resolution
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Q3. Vendor ledger entry
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Q4. Where you see grn
Ans. 
GRN stands for Goods Receipt Note, which is a document used in the procurement process to confirm the receipt of goods.
• GRN is used in the procurement process to verify that the goods ordered have been received in good condition.

• It includes details such as the quantity, quality, and condition of the goods received.

• GRN is an important document for inventory management and accounting purposes.

• It is typically generated by ...read more
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Q5. First self introduction
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Q6. How you learn from where you learn
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Q7. You have theoretical knowledge no practical how can u do
Ans. 
I would seek hands-on experience through internships, workshops, or online tutorials to bridge the gap between theory and practice.
• Seek internships or part-time jobs in the field to gain practical experience

• Participate in workshops or training sessions to apply theoretical knowledge in real-life scenarios

• Utilize online tutorials or courses to practice and implement theoretical concepts

• Collaborate with professionals in ...read more
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Q1. Work experience, salary expectation
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Q1. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity.

• For example, when a company receives cash fro...read more
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Q2. Matching concept
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Q3. P to P cycle
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Q1. Basic accounting related questions , journal entry .
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Normal aptitude test

Q1. About experience
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Q2. GDS knowledge
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Q1. What knowledge do you have about Amadeus?
Ans. 
Amadeus is a global distribution system (GDS) used by travel agencies and airlines for booking flights, hotels, car rentals, and other travel services.
• Amadeus provides access to a vast database of travel-related information, allowing users to search, book, and manage travel reservations.

• It is commonly used by travel agents to check flight availability, compare prices, and make bookings for customers.

• Amadeus also offers...read more
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Q2. Amadeus command
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Q1. Normal question personal information
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Q1. Focus on capital markets basic financial concept
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Q2. Primary secondary market
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Q3. Derivatives bond equity
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Q4. NSE BSE SEBI custodian
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Logical reasoning blood relationship mathematics distance

Q1. What is withdrawal
Ans. 
Withdrawal is the act of taking money out of an account or the symptoms experienced when stopping the use of a substance.
• Withdrawal in banking refers to taking money out of an account, either through an ATM, bank teller, or other means

• Withdrawal in substance abuse refers to the physical and mental symptoms experienced when a person stops using a drug or alcohol

• Examples of withdrawal symptoms include nausea, sweating, a
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Q2. What i you think about 401k
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Q1. Self introduction
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Q2. About process how we will hndle process
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General awareness and knowledge

Q1. Skills related questions
Ans. Get certificate of required skills and prepare materials on YouTube can work
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Q2. About last technical assignment
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