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I applied via Naukri.com and was interviewed in Dec 2023. There were 3 interview rounds.
Accounts payable is a financial process that involves recording and managing a company's outstanding invoices and payments to suppliers.
Accounts payable refers to the money a company owes to its suppliers or vendors for goods or services received.
It involves recording and tracking invoices, verifying their accuracy, and making timely payments.
The process includes maintaining vendor records, reconciling statements, and ...
Accounts payable is the amount owed by a company to its suppliers, while accounts receivable is the amount owed to a company by its customers.
Accounts payable represents the company's liabilities, while accounts receivable represents the company's assets.
Accounts payable is recorded as a liability on the balance sheet, while accounts receivable is recorded as an asset.
Accounts payable is related to the company's purcha...
Accounts payable and accounts receivable are both essential components of a company's financial management.
Both involve tracking and managing financial transactions.
Both are part of the company's balance sheet.
Both require accurate record-keeping and reconciliation.
Both impact cash flow and financial stability.
Both involve communication and coordination with vendors or customers.
Both play a role in financial analysis a...
In Tally, payments are processed by creating a payment voucher and selecting the appropriate ledger accounts.
Open Tally and go to the payment voucher entry screen.
Enter the payment details such as the payment date, payment mode, and amount.
Select the ledger accounts for the party to whom the payment is being made and the bank account from which the payment is being made.
Verify the payment details and save the voucher.
T...
The first step would be to verify the accuracy of the found price by cross-checking it with the original purchase order or invoice.
Cross-check the found price with the original purchase order or invoice
Ensure that the correct price is recorded in the system
Investigate any discrepancies and resolve them accordingly
There are three types of purchase orders: standard, blanket, and contract.
Standard purchase orders are used for one-time purchases of goods or services.
Blanket purchase orders are used for recurring purchases over a specific period of time.
Contract purchase orders are used for long-term agreements with suppliers.
Examples: A standard purchase order may be used to buy office supplies, a blanket purchase order may be used...
The most commonly used purchase order is PO-12345.
PO-12345 is used for regular purchases.
It is the default purchase order for most vendors.
PO-12345 is used for recurring expenses like office supplies and utilities.
P2P process refers to the end-to-end cycle of procurement and payment activities within an organization.
P2P stands for Procure-to-Pay.
It involves the entire process from requisitioning goods or services to making the final payment.
Key steps include requisitioning, sourcing, purchasing, receiving, invoicing, and payment.
It aims to streamline and automate the procurement and payment processes, ensuring efficiency and con...
The P2P cycle refers to the end-to-end process of purchasing goods or services, receiving them, and making payments for them.
The cycle starts with the identification of a need for goods or services.
A purchase requisition is created and approved.
A purchase order is generated and sent to the supplier.
The supplier delivers the goods or services.
The goods or services are received and inspected.
An invoice is received from t...
A vendor is a person or company that supplies goods or services to another company.
Vendors are external entities that provide products or services to a business.
They can be individuals, companies, or organizations.
Vendors can be classified as suppliers, contractors, or service providers.
Examples of vendors include manufacturers, wholesalers, consultants, and utility companies.
I applied via Naukri.com and was interviewed in Jun 2021. There was 1 interview round.
I am a dedicated and experienced professional with strong leadership skills and a passion for driving team success.
Experience in managing teams and achieving targets
Strong communication and interpersonal skills
Ability to analyze data and make strategic decisions
Knowledge of industry trends and best practices
Proven track record of problem-solving and conflict resolution
I can bring strong leadership skills, strategic thinking, and a proven track record of driving results to the team.
Demonstrate my ability to lead and motivate a team towards achieving goals
Utilize my strategic thinking to identify opportunities for growth and improvement
Leverage my past successes in driving results and exceeding targets
I applied via Naukri.com and was interviewed in Nov 2017. There were 4 interview rounds.
The length of all India roads is approximately 5.5 million kilometers.
The total length of all India roads is estimated to be around 5.5 million kilometers.
India has one of the largest road networks in the world.
The road network in India includes national highways, state highways, district roads, and village roads.
The length of national highways alone is over 100,000 kilometers.
The road infrastructure plays a crucial ro...
I applied via LinkedIn and was interviewed before Nov 2020. There was 1 interview round.
I applied via Naukri.com and was interviewed before Feb 2021. There were 2 interview rounds.
I applied via Walk-in and was interviewed before Apr 2021. There was 1 interview round.
Accrual is an accounting method where revenue or expenses are recognized when earned or incurred, regardless of when payment is received or made.
Accrual accounting is the opposite of cash accounting
Accruals are recorded as adjusting entries in the general ledger
Examples of accruals include interest expense, salaries payable, and accounts receivable
The entry for an accrual involves debiting an expense account and credit
Contingency liability is a potential liability that may occur in the future based on certain events or circumstances.
It is a liability that is not certain but may occur in the future
It is based on certain events or circumstances
Examples include lawsuits, warranties, and environmental cleanup costs
I applied via Recruitment Consultant and was interviewed before Aug 2020. There was 1 interview round.
I applied via Referral and was interviewed before Mar 2021. There were 3 interview rounds.
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