Genpact Accounts Executive, Accounts Officer Interview Questions and Answers

The journal entry for goods destroyed through fire

• Debit the amount of goods destroyed to the Loss by Fire account

• Credit the amount of goods destroyed to the Inventory account

• If insurance is involved, credit the amount received from the insurance company to the Insurance Receivable account

The journal entry in the vendor account for returning goods is a credit entry to the vendor's account and a debit entry to the purchase return account.

• The journal entry will decrease the vendor's account balance and increase the purchase return account balance.

• The credit entry to the vendor's account represents the reduction in accounts payable.

• The debit entry to the purchase return account represents the increase in t...read more

Artificial intelligence is the simulation of human intelligence in machines that are programmed to think and learn like humans.

• AI involves creating intelligent machines that can perform tasks without human intervention

• It includes machine learning, natural language processing, and robotics

• Examples include Siri, Alexa, and self-driving cars

• AI has applications in various fields such as healthcare, finance, and transportat

Changing requirements can be handled through effective communication, prioritization, and documentation.

• Regularly communicate with stakeholders to understand their changing needs

• Prioritize requirements based on their impact on the project goals

• Document all changes and their impact on the project scope, timeline, and budget

• Ensure that all team members are aware of the changes and their responsibilities

• Use agile methodol...read more