Gallagher Process Associate Interview Questions, Process, and Tips

The interviewer comes with your basics and also ask questions which is simple and answerable. They will be aware about your current study and skill set.

Q1. What are golden rules of accounting?
Ans. 
Golden rules of accounting are basic principles to maintain accurate financial records.
• The first golden rule is to maintain a record of all financial transactions.

• The second golden rule is to record all transactions in the appropriate account.

• The third golden rule is to ensure that the accounting equation (Assets = Liabilities + Equity) is always balanced.

• Examples of these rules in practice include recording all sales ...read more
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Q2. What is Balance sheet?
Ans. 
A balance sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time.
• It shows what a company owns (assets), what it owes (liabilities), and the amount invested by shareholders (equity).

• Assets include cash, accounts receivable, inventory, property, and equipment.

• Liabilities include loans, accounts payable, and accrued expenses.

• Sharehol...read more
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Q3. What is depreciation. What are the types of depreciation. Explain any one?
Ans. 
Depreciation is the decrease in the value of an asset over time. Types include straight-line, reducing balance, and sum-of-the-years'-digits.
• Depreciation is a method of allocating the cost of an asset over its useful life.

• Straight-line depreciation evenly distributes the cost of an asset over its useful life.

• Reducing balance depreciation charges a higher amount in the early years and decreases over time.

• Sum-of-the-year...read more
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They often give a topic and let us discuss

It was rather easy but tricky questions are asked

Q1. As usual hr questions like salary expectations about yourself etc
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Q1. Taken by the team lead and asked some questions which are not related to the subjects
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Basic English grammar, logical reasoning etc

Q1. What you know about this company?
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Q1. What is your salary expectation?
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Q2. Are you flexible in any shift timings?
Ans. 
Yes, I am flexible in any shift timings.
• I am open to working in different shifts, including night shifts.

• I understand the importance of being adaptable and available for work at different times.

• I have previous experience working in shifts and have successfully adjusted my schedule accordingly.

• I prioritize the needs of the job and am willing to make necessary adjustments to accommodate different shift timings.
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Basic accounts questions, Grammar, aptitude, Insurance

Q1. Communication, Accounts related questions
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Q1. Communication, about yourself,
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This round includes accounts, insurance, logic, eglish basic questions

Q1. HR round is have good communication skills and accounts knowledge and ability to wprk with hard word
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Q1. Team leader round
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Logical reasoning and English questions were asked

Q1. Accounts and finance basic questions
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Q1. Salary expectations and shift rotation
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