Genpact Accounts Payable Associate Interview Questions, Process, and Tips

Group discussion will be Good in interview process because the job seekers will gain new ideas and concepts

The aptitude test is to find the general and technical knowledge that the job seekers

Q1. What is the Genpact
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Q2. What is the invoice
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Q3. Why you need this job
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Q4. Without parents and education what you are
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Q5. How you know about the Genpact
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Q1. Self introduction
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Q2. What is account payable
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Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts payable is a liability on the balance sheet

• It represents the amount of money owed by a company to its suppliers or vendors

• It is typically short-term debt that must be paid within a certain period of time

• Examples include invoices from suppliers for inventory purchases or services rendered
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Q3. What is the golden rules of accounting
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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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Q4. What is 2 way match and 3 way match
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2 way match and 3 way match are methods used in accounts payable to ensure accuracy in invoicing and payment.
• 2 way match involves matching the invoice to the purchase order

• 3 way match involves matching the invoice to the purchase order and receiving report

• Helps prevent overpayment or underpayment

• Ensures that the goods or services were received as per the agreement
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Q1. The 3 golden accounting principles
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The 3 golden accounting principles are consistency, conservatism, and materiality.
• Consistency: Accounting methods and procedures should be consistent from one period to another.

• Conservatism: When in doubt, accountants should choose the option that is least likely to overstate assets and income.

• Materiality: Only significant items should be recorded in the financial statements.
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Q2. Explain accounts payable
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Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts payable represents the company's short-term liabilities.

• It is recorded as a current liability on the balance sheet.

• Accounts payable is typically paid within a certain period, often 30 to 90 days.

• Examples of accounts payable include invoices from suppliers for inventory purchases or servi
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Q1. Basic Accounting
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Q2. Normal Introduction
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Q3. About basic accounting
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Q1. Some tripical questions
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Q2. Tell me something about your favorite place, how you spent your covid period etc
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Q3. Some basic accounting things
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