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Genpact Accounts Payable Accountant Interview Questions, Process, and Tips

Updated 5 Apr 2024

Top Genpact Accounts Payable Accountant Interview Questions and Answers

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Genpact Accounts Payable Accountant Interview Experiences

7 interviews found

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(5 Questions)

  • Q1. Self introduction
  • Ans. My name is mohan basically i am from bhadrachalam present I am staying in Hyderabad, i have successfully completed finance in MBA JNTU Hyderabad, my strength is quick learner and self motivated my hobbies are read books and playing games.
  • Answered Anonymously
  • Q2. What is golden rules
  • Ans. 

    Golden rules are fundamental principles that guide the recording of financial transactions in accounting.

    • Golden rules are also known as accounting principles or rules of debit and credit.

    • There are three golden rules: the Personal Account rule, the Real Account rule, and the Nominal Account rule.

    • The Personal Account rule states that debit the receiver and credit the giver.

    • For example, when a company receives cash from a...

  • Answered by AI
  • Q3. What is account payable
  • Ans. 

    Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services received but not yet paid for.

    • Accounts payable is a liability on the balance sheet.

    • It represents the company's short-term obligations to pay off its debts.

    • It includes invoices from suppliers, utility bills, and other expenses.

    • Accounts payable is typically recorded as a credit entry in the accounting system.

    • It is an ...

  • Answered by AI
  • Q4. What is purchase order
  • Ans. 

    A purchase order is a commercial document issued by a buyer to a seller, indicating the type, quantity, and agreed price of products or services.

    • A purchase order is a formal request made by a buyer to a seller to purchase goods or services.

    • It serves as a legally binding contract between the buyer and the seller.

    • The purchase order includes details such as the type and quantity of items, agreed prices, delivery dates, an...

  • Answered by AI
  • Q5. What is fixed assets
  • Ans. 

    Fixed assets are long-term tangible assets that are used in the production of goods or services and have a useful life of more than one year.

    • Fixed assets are physical assets that a company owns and uses for its operations.

    • They are not intended for sale and are expected to provide economic benefits over a long period of time.

    • Examples of fixed assets include buildings, machinery, vehicles, furniture, and land.

    • They are re...

  • Answered by AI
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed in Sep 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

Communication skills

Round 3 - Technical 

(3 Questions)

  • Q1. Technical skills and accounting knowledge and basics
  • Q2. What is vouchers ? What bad debts? What is salary entry?
  • Ans. 

    Vouchers are documents used to record financial transactions, bad debts are uncollectible debts, and salary entry is the recording of employee salaries in accounting records.

    • Vouchers are used to document and track financial transactions within a company.

    • Bad debts are debts that are unlikely to be collected from customers and are written off as losses.

    • Salary entry involves recording employee salaries in the accounting s...

  • Answered by AI
  • Q3. What is Bank reconciliation? What is types of errors inBRS?
  • Ans. 

    Bank reconciliation is the process of comparing the balance in the company's accounting records to the balance in the bank statement.

    • Bank reconciliation helps identify discrepancies between the company's records and the bank statement.

    • Types of errors in bank reconciliation include timing differences, errors in recording transactions, and bank errors.

    • For example, a timing difference could occur if a deposit made at the ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Nothing

Accounts Payable Accountant Interview Questions Asked at Other Companies

asked in EXL Service
Q1. What is an invoice and what can we see in a invoice
asked in Wood Group
Q2. What is difference between intercompany and intra company.
asked in Genpact
Q3. What are fictious assets , amortization, surplus account in profi ... read more
asked in Genpact
Q4. What are golden rules of accounts?
asked in Genpact
Q5. What are the accounting concepts?
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
-
Result
No response

I applied via Naukri.com and was interviewed in Mar 2024. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Tell us something about yourself? What do know about P2P cycle? How is Accounts Payable different from P2P? Which term is wider among the above?
Interview experience
2
Poor
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I applied via Naukri.com and was interviewed in May 2023. There were 2 interview rounds.

Round 1 - HR 

(1 Question)

  • Q1. Introduce yourself , what is accounts payable, what is p2p process
Round 2 - Technical 

(2 Questions)

  • Q1. What are fictious assets , amortization, surplus account in profit and loss
  • Ans. 

    Fictitious assets are non-physical assets with no real value, amortization is the gradual write-off of an asset's cost, and surplus account in profit and loss is used to record excess profits.

    • Fictitious assets are intangible assets that do not have a physical existence, such as goodwill or patents.

    • Amortization is the process of spreading the cost of an intangible asset over its useful life, similar to depreciation for ...

  • Answered by AI
  • Q2. Accounts payable cycle vs p2p cycle
  • Ans. 

    Accounts payable cycle involves processing invoices and making payments, while P2P cycle includes the entire procure-to-pay process from requisition to payment.

    • Accounts payable cycle focuses on processing invoices, obtaining approvals, and making payments to vendors.

    • P2P cycle includes the entire procure-to-pay process, starting from requisitioning goods or services, receiving them, and finally making payments.

    • Accounts ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - If you are Fresher revise accounting basics

Genpact interview questions for designations

 Accounts Payable

 (6)

 Accounts Payable Associate

 (33)

 Accounts Payable Executive

 (29)

 Accounts Payable Analyst

 (9)

 Accounts Payable Officer

 (1)

 Accounts Payable Specialist

 (1)

 Accounts Payable Process Developer

 (2)

 Senior Accounts Payable Executive

 (1)

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Tell me about your self?
  • Ans. Hi good morning sir. First of all thankyou for this opportunity. My name is hema sirisha. I came form Geddada but currently iam staying form hyderabad. I did completed my graduation b.com computers. In the year 2019. I have good knowledge of accounts, tally erp_9 . My hobbies are watching movies, listening music, and also playing with kids. My biggest strength is my confidence, a part form that, iam hard working, ...
  • Answered Anonymously
  • Q2. What are golden rules of accounts?
  • Ans. 

    Golden rules of accounts are basic principles to maintain accurate financial records.

    • Debit the receiver, credit the giver

    • Debit what comes in, credit what goes out

    • Debit expenses and losses, credit income and gains

    • These rules ensure accuracy and consistency in financial reporting

    • For example, when a company receives cash from a customer, the accounts receivable account is debited and the cash account is credited

  • Answered by AI
Round 3 - HR 

(2 Questions)

  • Q1. What are the golden rule of accounts?
  • Ans. 

    The golden rules of accounts are basic principles to maintain accurate financial records.

    • The first golden rule is to maintain accurate records of all financial transactions.

    • The second golden rule is to ensure that all transactions are recorded in the correct account.

    • The third golden rule is to ensure that all transactions are recorded in a timely manner.

    • The fourth golden rule is to ensure that all transactions are prop...

  • Answered by AI
  • Q2. What are the accounting concepts?
  • Ans. 

    Accounting concepts are fundamental principles and guidelines that govern the field of accounting.

    • Accounting concepts provide a framework for recording, analyzing, and reporting financial transactions.

    • Some common accounting concepts include the accrual concept, the going concern concept, and the matching concept.

    • The accrual concept states that transactions should be recorded when they occur, not when the cash is receiv...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - I have attended the interview on 15th October 2022 with genpact for accountant payable job role iam waiting for hr round. So kindly share the offer status as iam immediate joiner.

Get interview-ready with Top Genpact Interview Questions

Interview experience
1
Bad
Difficulty level
Easy
Process Duration
2-4 weeks
Result
Selected Selected

I applied via LinkedIn and was interviewed in Jan 2023. There were 4 interview rounds.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Tell me about yourself
  • Q2. How many years of relevant experience
Round 2 - Aptitude Test 

How to improve your communication skills

Round 3 - Group Discussion 

How can you do group discus of a company's information

Round 4 - HR 

(1 Question)

  • Q1. Know your complete details and your salary expectations

Interview Preparation Tips

Interview preparation tips for other job seekers - Genpact is best platform
I want to job in genpact that's all
Interview experience
1
Bad
Difficulty level
-
Process Duration
Less than 2 weeks
Result
Not Selected

I was interviewed before Mar 2022.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - HR 

(3 Questions)

  • Q1. What is about accounts payable
  • Ans. 

    Accounts payable is the amount of money a company owes to its vendors or suppliers for goods or services received.

    • Accounts payable is a liability account that tracks the money a company owes to its vendors or suppliers.

    • It includes invoices, bills, and other expenses that have not yet been paid.

    • Accounts payable is an important part of a company's cash flow management.

    • Examples of accounts payable include rent, utilities,...

  • Answered by AI
  • Q2. What about matching process
  • Ans. 

    Matching process ensures accuracy of invoices and payments.

    • Matching process involves comparing invoice details with purchase orders and receipts.

    • It helps in identifying discrepancies and resolving them before payment.

    • Matching can be done manually or through automated software.

    • It is a crucial step in accounts payable to prevent errors and fraud.

    • Matching also helps in maintaining good relationships with vendors.

  • Answered by AI
  • Q3. What about purchase order
  • Ans. 

    Purchase order is a document that authorizes a purchase transaction.

    • It is a formal request for goods or services

    • It includes details such as quantity, price, and delivery date

    • It helps to ensure that purchases are authorized and within budget

    • It is used to match invoices with goods received

    • It can be created manually or electronically

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Yes what me by income statement
What is mean by trial balance

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I was interviewed in Jul 2024.

Round 1 - Case Study 

Typically includes an executive summary, background information, a discussion of the findings, proposed solutions, and a conclusion. This reply all questions in detail with studies program

Round 2 - Technical 

(2 Questions)

  • Q1. Questions asked in interviews to assess a candidate's technical knowledge and problem-solving skills. They can cover a range of topics, including programming languages, tools, and processes.
  • Q2. How will joining be done in the company?
Round 3 - One-on-one 

(2 Questions)

  • Q1. Don't ask anything and I am setting the job recruitment and selection will be in detail this company
  • Q2. Vi don't know asking any questions this company and no any doubt
Round 4 - HR 

(2 Questions)

  • Q1. HR interviewers ask questions to learn about a candidate's skills, experience, and fit for the company culture. Some common questions include.
  • Q2. It's their way of checking if you have any further inquiries about the role, the company, or the next steps in the hiring proces.

Interview Preparation Tips

Interview preparation tips for other job seekers - thoroughly researching companies and roles before applying, actively networking with professionals in your field, tailoring your resume and cover letter to each job, practicing interview skills, staying updated on industry trends, and continuously developing relevant skills to stay competitive in the job market.
Interview experience
4
Good
Difficulty level
Easy
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed in Nov 2024. There was 1 interview round.

Round 1 - One-on-one 

(5 Questions)

  • Q1. Acpect Salary 38 to 42 thousand
  • Q2. Timings 8 to 9 hours
  • Q3. Company other benefits
  • Q4. Per Month 2 extra live not Sunday inculcate
  • Q5. Increment 8 to 12% 1 to 2 years
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Company Website and was interviewed in Sep 2024. There were 2 interview rounds.

Round 1 - HR 

(2 Questions)

  • Q1. Communication skills. Learning can always be made enjoyable and interesting. 4-letter words can be taught to kids in a fun and playful way as well. They can be involved in various activities which will enh...
  • Q2. Every day, we come across a lot of words. Check out the below list of words and try to identify how many of them you already know. Also, learn the meanings of the words that are new to you and add them to ...
  • Ans. 

    Learning new words is crucial for kids to improve their communication, vocabulary, and language skills. It helps in developing language fluency, reading comprehension, and confidence.

    • Developing a strong vocabulary enhances communication skills and the ability to express thoughts effectively.

    • Improving vocabulary aids in better reading comprehension of academic and non-academic texts.

    • Learning new words boosts confidence ...

  • Answered by AI
Round 2 - Case Study 

A careful study of some social unit (as a corporation or division within a corporation) that attempts to determine what factors led to its success or failure

Interview Preparation Tips

Interview preparation tips for other job seekers - consider your skills and strengths. You can then research industries and job roles that align with your interests and skills. Networking is also a great way to learn about potential career opportunities.

Genpact Interview FAQs

How many rounds are there in Genpact Accounts Payable Accountant interview?
Genpact interview process usually has 2-3 rounds. The most common rounds in the Genpact interview process are Resume Shortlist, One-on-one Round and HR.
What are the top questions asked in Genpact Accounts Payable Accountant interview?

Some of the top questions asked at the Genpact Accounts Payable Accountant interview -

  1. What are fictious assets , amortization, surplus account in profit and l...read more
  2. What are golden rules of accoun...read more
  3. What are the accounting concep...read more

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Genpact Accounts Payable Accountant Salary
based on 11 salaries
₹2.5 L/yr - ₹4.6 L/yr
34% less than the average Accounts Payable Accountant Salary in India
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