Genpact Accountant Interview Questions, Process, and Tips

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Q1. Direct tax GST company law
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Q2. Audit accounts Internal audit
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Q1. Golden rules of account
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The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The golden rules include: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a company receives ...read more
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Q1. They asked about basic of accounting
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Q2. Journal entry about sales andpurchase
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Journal entry for sales and purchases
• Sales journal entry involves debiting accounts receivable or cash and crediting sales revenue

• Purchase journal entry involves debiting purchases or inventory and crediting accounts payable

• Both entries impact the income statement and balance sheet
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Q1. Golden rule of accounting
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The golden rule of accounting states that debit what comes in and credit what goes out.
• Debit what comes in and credit what goes out

• Helps maintain the balance in the accounting equation

• Used to ensure accurate recording of financial transactions
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Q2. What is working capital
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Working capital is the difference between a company's current assets and current liabilities.
• Working capital is essential for a company's day-to-day operations.

• It indicates the company's ability to pay off its short-term debts.

• Formula: Working Capital = Current Assets - Current Liabilities.

• Examples: Cash, accounts receivable, inventory are current assets. Accounts payable, short-term loans are current liabilities.
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Q3. Define Accounting
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Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Accounting involves recording financial transactions accurately and in a timely manner.

• It includes summarizing the financial data to create financial statements like balance sheets and income statements.

• Analyzing the financial information to provide insights for decision-making.

• Reporting the financial resu...read more
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Q4. What is depression
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Reasoning questions are in there interview

Nothing only case study discussion it

Q1. Self introduction
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Q2. Self introduction any topic
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Q1. Self Introduction, package and notice period
Ans. Self Introduction, package and notice period
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Q1. Journal entries, Reporting, Past experience, excel
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Q2. Rent, prepaid, accrual, depreciation, DTA, DTL, and deferred revenue, Past workings, and v look up, h look up, pivot short cuts and data validation
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