Flex Senior Financial Analyst Interview Questions and Answers

Maths , General Apti

Q1. What is the entry of prepaid expense in GL
Ans. 
Prepaid expenses are recorded as an asset in the general ledger (GL).
• Prepaid expenses are expenses paid in advance but not yet incurred.

• They are recorded as an asset because they represent future economic benefits.

• The entry in the GL is a debit to the prepaid expense account and a credit to the cash or accounts payable account.

• As the prepaid expense is gradually incurred, it is recognized as an expense and the prepaid ...read more
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Q3. How did you hear about us
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Q4. What is ERP system do you have any idea of it
Ans. 
ERP stands for Enterprise Resource Planning. It is a software system used to manage business processes and operations.
• ERP integrates various business functions such as finance, human resources, inventory management, and customer relationship management.

• It provides a centralized database for all business data, allowing for real-time information sharing and decision-making.

• Examples of ERP systems include SAP, Oracle, and...read more
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