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Accounting process involves recording, summarizing, analyzing, and reporting financial transactions of a business.
Recording financial transactions accurately
Summarizing financial data into financial statements
Analyzing financial information to make informed business decisions
Reporting financial results to stakeholders
Ensuring compliance with accounting standards and regulations
Genpact interview questions for designations
I applied via Walk-in and was interviewed in Jan 2024. There were 2 interview rounds.
Debit and credit are accounting terms used to record financial transactions, while posting refers to transferring these entries to the general ledger.
Debit is an entry on the left side of an account, representing an increase in assets or a decrease in liabilities or equity.
Credit is an entry on the right side of an account, representing a decrease in assets or an increase in liabilities or equity.
Posting involves trans...
Posting is the process of transferring information from the general journal to the general ledger.
Posting involves recording journal entries in the appropriate accounts in the general ledger.
It helps in summarizing financial transactions and organizing them by account.
Posting ensures that the accounting records are accurate and up-to-date.
For example, when a company receives cash from a customer, the accountant will po...
Get interview-ready with Top Genpact Interview Questions
I applied via Company Website and was interviewed in Sep 2023. There were 2 interview rounds.
RBI (Reserve Bank of India) regulates all banks in India.
RBI is the central bank of India and is responsible for regulating the banking sector.
It formulates and implements monetary policy, issues currency, and supervises the financial system.
RBI also acts as a lender of last resort to banks in times of financial crisis.
Examples of banks regulated by RBI include State Bank of India, HDFC Bank, ICICI Bank, etc.
Shaktikanta Das is the current governor of RBI.
Shaktikanta Das was appointed as the 25th Governor of the Reserve Bank of India in December 2018.
He has previously served as the Economic Affairs Secretary of India and as a member of the 15th Finance Commission.
Das has played a key role in implementing various monetary and fiscal policies to stabilize the Indian economy.
I applied via Naukri.com and was interviewed in Dec 2023. There were 2 interview rounds.
Keep calulator with you
A group discussion is a group of individual typically who share a similar interest who gather either formally to discuss ideas
TDS stands for Tax Deducted at Source. The Golden rule of accounts is Debit the receiver, Credit the giver.
TDS is a tax deducted by the payer at the time of making payment.
The Golden rule of accounts states that for every debit entry, there must be a corresponding credit entry.
Expected salary can vary based on experience, qualifications, and the company's budget.
GST slabs in India range from 5% to 28%, with different rates for different goods and services.
GST slabs in India are 5%, 12%, 18%, and 28%
Essential items like food grains are taxed at 0%, while luxury items like cars and tobacco products are taxed at 28%
Services like healthcare and education are exempt from GST
Depreciation is the allocation of the cost of an asset over its useful life.
Depreciation is a non-cash expense that reduces the value of an asset over time.
It reflects the wear and tear, obsolescence, or decrease in value of the asset.
Common methods of calculating depreciation include straight-line, double declining balance, and units of production.
Example: A company purchases a delivery truck for $50,000 with a useful...
I applied via Naukri.com and was interviewed in Aug 2023. There were 3 interview rounds.
Mba finance subject 30 minutes
Some of the top questions asked at the Genpact Accountant interview -
The duration of Genpact Accountant interview process can vary, but typically it takes about less than 2 weeks to complete.
based on 53 interviews
3 Interview rounds
based on 159 reviews
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