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EXL Service
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I applied via Recruitment Consulltant and was interviewed in Jul 2023. There were 2 interview rounds.
Validating and verifying invoices by explaining all transaction codes step by step.
First, review the invoice for accuracy and completeness.
Next, match the invoice to the purchase order and receiving report.
Then, enter the invoice details into the accounting system using the appropriate transaction code.
Finally, reconcile the invoice with the vendor statement to ensure all payments are accounted for.
Example: Transaction...
I applied via Naukri.com
Bank reconciliation statement is a document that compares the bank statement with the company's records to identify any discrepancies.
It is used to ensure that the company's records match the bank's records
It helps in identifying errors, omissions, or fraudulent activities
It includes comparing deposits, withdrawals, and bank charges
Reconciling items may include outstanding checks, deposits in transit, and bank errors
Th...
Trial balance is a list of all the general ledger accounts and their balances at a specific point in time.
Prepared at the end of an accounting period
Used to ensure that debits and credits are equal
Helps in identifying errors and omissions in the accounting records
If the debits and credits do not match, it indicates an error in the accounting records
Example: If the total debit balance is $50,000, the total credit balanc
Debit note and credit note are accounting documents used to record adjustments in financial transactions.
Debit note is issued by a buyer to a seller to request a credit for overcharged or returned goods/services.
Credit note is issued by a seller to a buyer to provide a credit for undercharged or faulty goods/services.
Debit note increases the buyer's accounts payable and decreases the seller's accounts receivable.
Credit...
The golden rules of accounting are fundamental principles that guide the recording of financial transactions.
The first golden rule is the Debit the Receiver, Credit the Giver rule. This means that when an asset is received, it is debited, and when an asset is given, it is credited.
The second golden rule is the Debit what comes in, Credit what goes out rule. This means that when there is an increase in assets, it is deb...
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I was interviewed before Jul 2021.
Reconciliation is the process of comparing two sets of records to ensure they are in agreement.
It involves identifying and resolving discrepancies between the two sets of records.
Examples include bank statement reconciliation, accounts receivable reconciliation, and inventory reconciliation.
Reconciliation helps ensure accuracy and completeness of financial records.
It is an important internal control measure to prevent ...
There are several modes of payment including cash, check, credit/debit card, wire transfer, and online payment.
Cash
Check
Credit/debit card
Wire transfer
Online payment
A credit note is a document issued by a seller to a buyer, indicating that a certain amount has been credited to the buyer's account.
It is issued when goods are returned by the buyer or when there is an overpayment by the buyer
It serves as a proof of the reduction in the amount payable by the buyer
It is also known as a credit memo or credit memorandum
It includes details such as the date, buyer and seller information, r...
P2P cycle or AP refers to the end-to-end process of purchasing goods or services, receiving and verifying invoices, and making payments to vendors.
P2P stands for Procure-to-Pay, which encompasses all activities from requisitioning to payment.
Accounts Payable (AP) is the department responsible for managing and processing vendor invoices.
The P2P cycle starts with the identification of a need for goods or services and end...
EXL Service interview questions for designations
I applied via Referral and was interviewed in Aug 2021. There were 2 interview rounds.
P2P cycle refers to the Procure-to-Pay cycle, which involves the entire process of purchasing goods or services from a supplier to making the payment for them.
Includes steps like requisition, purchase order creation, goods receipt, invoice processing, and payment
Ensures proper authorization, receipt of goods/services, and accurate payment to suppliers
Involves coordination between procurement, accounts payable, and othe...
There are several types of payment methods including cash, checks, credit/debit cards, electronic transfers, and mobile payments.
Cash
Checks
Credit/debit cards
Electronic transfers
Mobile payments
Get interview-ready with Top EXL Service Interview Questions
Single Ops tool is a software that helps businesses manage their operations from a single platform.
It streamlines processes and improves efficiency
It can include features like scheduling, inventory management, and invoicing
Examples include ServiceTitan, Jobber, and Housecall Pro
I am a dedicated and hardworking individual with a passion for learning and growth.
I have a background in marketing and have worked in the industry for 5 years.
I am currently pursuing a Master's degree in Business Administration to further my skills and knowledge.
I am a team player and enjoy collaborating with others to achieve common goals.
I was interviewed before Oct 2016.
I know multiple programming languages including Java, Python, and C++.
Proficient in Java with experience in developing web applications using Spring framework
Familiar with Python for data analysis and machine learning
Experience in C++ for developing high-performance applications
Also familiar with HTML, CSS, and JavaScript for front-end development
Class is a blueprint for creating objects, encapsulation is the process of hiding data and methods within a class.
Class is a template or blueprint that defines the properties and behaviors of an object.
Encapsulation is the process of bundling data and methods together within a class, hiding the internal details from the outside world.
Other features of OOP include inheritance, polymorphism, and abstraction.
Inheritance a...
Program to find the sum of squares of each term of Fibonacci series
Generate Fibonacci series using loop or recursion
Calculate square of each term
Add all squares to get the sum
I would like to join Cognizant because of its reputation as a leading global technology and consulting company.
Cognizant has a strong presence in the industry and is known for its innovative solutions.
I am impressed by Cognizant's commitment to digital transformation and its ability to deliver value to clients.
The company offers excellent career growth opportunities and a supportive work environment.
Cognizant's diverse...
A C code that prints out the elements of an array of strings.
Declare an array of strings
Use a loop to iterate through the array
Print out each element
The probability of rain in Chennai today depends on various factors such as season, weather conditions, and location.
The probability can be estimated by analyzing the current weather patterns and historical data.
Factors such as humidity, temperature, and wind speed can affect the probability of rain.
Local weather forecasts and satellite imagery can also provide insights into the likelihood of rain.
The probability of ra...
It is impossible to accurately predict the probability of India winning the next Cricket World Cup.
Sports events are unpredictable and depend on various factors such as team performance, weather conditions, injuries, etc.
Past performance of the team and individual players can be considered, but it does not guarantee future success.
Other teams participating in the tournament also play a significant role in determining t...
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