Genpact Accountant & Audit Assistant, Accountant & Computer Operator Interview Questions and Answers

Bank reconciliation is the process of comparing and matching the balances in a company's accounting records with the balances on its bank statement.

• Bank reconciliation helps ensure the accuracy of a company's financial records.

• It involves comparing the transactions recorded in the company's books with those in the bank statement.

• Any discrepancies between the two balances are identified and resolved.

• Common reasons for d...read more

I am a Senior Accountant with expertise in financial reporting and analysis.

• The three golden rules of accounts are: a) Debit the receiver, credit the giver b) Debit what comes in, credit what goes out c) Debit all expenses and losses, credit all incomes and gains

• These rules are the foundation of double-entry bookkeeping and ensure accuracy in financial transactions.

• For example, if a company purchases inventory on credi...read more

I am a Senior Accountant with experience in managing financial processes and proficient in Excel.

• Managed financial processes including budgeting, forecasting, and reporting

• Ensured compliance with accounting standards and regulations

• Collaborated with cross-functional teams to streamline processes and improve efficiency

• Proficient in Excel for data analysis and reporting

• Developed and implemented internal controls to mitig

GST stands for Goods and Services Tax, a value-added tax levied on the supply of goods and services in India.

• GST was implemented in India on July 1, 2017, replacing multiple indirect taxes like VAT, excise duty, and service tax.

• It is a destination-based tax, meaning the tax is collected by the state where the goods or services are consumed.

• GST has four tax slabs - 5%, 12%, 18%, and 28%, with some goods and services bei...read more

Accounts write name in Hindi is लेखा लिखित नाम

• In Hindi, accounts write name is referred to as लेखा लिखित नाम

• It is important to maintain accurate accounts write name for proper record-keeping

• For example, if a company's accounts write name is 'ABC Enterprises', it would be written as 'एबीसी एंटरप्राइजेज' in Hindi