fP Technologies Accounts Receivable Associate Interview Questions and Answers

Q1. Work experience, salary expectation
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Q1. Golden rules of accounting
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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. What was the depreciate
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Depreciation is the allocation of the cost of an asset over its useful life.
• Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.

• It is used to spread the cost of an asset over its useful life for accounting purposes.

• Common methods of depreciation include straight-line, double declining balance, and units of production.

• Example: A company purchases a delivery truck for $50,000 and ...read more
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Q2. What is the AR
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Accounts Receivable (AR) is the balance of money owed to a company by customers for goods or services provided on credit.
• AR represents the amount of money owed to a company by customers

• It is typically recorded as a current asset on the balance sheet

• AR is an important metric for assessing a company's financial health and cash flow

• Examples: Invoices sent to customers for products or services provided, outstanding payment
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Q1. Basic accounting skills
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Q1. Basic accounting rules
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Q2. Management studies
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Totally 20 questions, 20 out of 15 is good one , witch is get to go next level(2nd round)

Q1. What are your strengths and weaknesses?
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Q2. What is your family background?
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Q3. Share details of your previous job.
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Q4. Tell me about yourself.
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Q1. This is final round, common question only I’m facing, Example: distance with home to office, travelling time, etc,
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Q1. Use v lookup and hlookup
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VLOOKUP and HLOOKUP are Excel functions used to search for a value in a table and return a corresponding value.
• VLOOKUP searches for a value in the first column of a table and returns a value in the same row from a specified column.

• HLOOKUP searches for a value in the first row of a table and returns a value in the same column from a specified row.

• Example: =VLOOKUP(A2, Sheet2!A1:B10, 2, FALSE) - searches for the value in...read more
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Q2. Should Excel know how
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Q1. About current works
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Q1. Accounting knowledge
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Q1. Software knowledge
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