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Genpact Accounts Payable Process Developer Interview Questions, Process, and Tips
Top Genpact Accounts Payable Process Developer Interview Questions and Answers
- Q1. What is the difference between Accounts payable and Accounts receivable ?
- Q2. What is the similarities in accounts payable and accounts receivable ?
- Q3. If you are found any another price for the product in your grn so what should you do first?
Genpact Accounts Payable Process Developer Interview Experiences
2 interviews found
Anonymous
Selected
I applied via Naukri.com and was interviewed in Dec 2023. There were 3 interview rounds.
(5 Questions)
- Q1. Telling about yourself ?
- Ans. Good morning, Good afternoon mam/sir, Thank you so much for your valuable time,My name is suchismita Snehadrasinee I m from odisha I did my graduation from Utkal University Odisha,i did my MBA in HR and finance from Utkal University Odisha.I am having 3years of experience as an junior Accountant in NRM INFRA DESIGN Pvt Ltd. , my job responsibilities are making journal entry, preparing Bank reconciliation statement, In...
- Q2. What's your strongest strength and weekness?
- Ans. I would like to start answering this question about my strength mam my strength are I am very punctual,honest, ability to learning new things, let's come to my strongest weekness,may this answer not pever to me may go against me but I would like to tell you honestly I hv a longer learning curve so it's takes time to hold my things,I m not a multi Tasker but I always focus on my work which is in my hand,I am very sugges
- Q3. What is Accounts payable?
- Ans.
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 ...
- Q4. What is the difference between Accounts payable and Accounts receivable ?
- Ans.
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...
- Q5. What is the similarities in accounts payable and accounts receivable ?
- Ans.
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...
(8 Questions)
- Q1. Which ERP you use in your previous company?
- Q2. How you process payment in tally?
- Ans.
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...
- Q3. If you are found any another price for the product in your grn so what should you do first?
- Ans.
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
- Q4. How many types of purchase order are there?
- Ans.
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...
- Q5. Which purchase order we use the most or regular basic ?
- Ans.
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.
- Q6. What is p2p process ?
- Ans.
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...
- Q7. What is the p2p cycle?
- Ans.
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...
- Q8. What is vendor?
- Ans.
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.
Interview Preparation Tips
- Journal entry
- Read 12th commerce book.
- Clear your fundamental
Skills evaluated in this interview
I applied via Naukri.com and was interviewed in Jun 2021. There was 1 interview round.
Interview Questionnaire
1 Question
- Q1. Accounting Related
Interview Preparation Tips
Accounts Payable Process Developer Jobs at Genpact
Interview questions from similar companies
I was interviewed in Jan 2025.
(2 Questions)
- Q1. Can you provide a brief introduction about yourself?
- Q2. How do you process invoices, and what types of queries do you address through email?
(2 Questions)
- Q1. Can you provide a brief introduction about yourself?
- Q2. What actions do you take when invoicing in a different currency?
Interview Preparation Tips
Exactly didn't understand it's their policy or what ,firstly want all documents when ask about clarification, got reply provide remains one.
Its upto individual whether they want to join or not .
I applied via Naukri.com
(2 Questions)
- Q1. Self Intrudutions
- Q2. Accounts related questions
(2 Questions)
- Q1. P2p cycle credit not debite note
- Q2. Bank reconciliation statement
(2 Questions)
- Q1. Own topic explain
- Q2. About bangalore
(1 Question)
- Q1. Difference Between PO and Non PO
- Ans.
PO is a purchase order issued by a buyer to a seller, specifying the products or services to be purchased. Non-PO is an invoice without a purchase order.
PO is a formal document that authorizes a purchase transaction, while Non-PO is an invoice submitted by a vendor for payment without a purchase order.
POs are typically used for larger purchases or ongoing agreements, while Non-PO invoices are used for one-time purchase...
Accounts Payable Associate Interview Questions & Answers
Accenture
Elcita Crasta
posted on 4 Nov 2024
(3 Questions)
- Q1. Golden rules of accounting
- Ans.
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
There are three golden rules of accounting: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.
These rules help ensure that the accounting equation (Assets = Liabilities + Equity) remains balanced.
For example, when a company recei...
- Q2. Types of accounting
- Ans.
Types of accounting include financial accounting, management accounting, and tax accounting.
Financial accounting focuses on recording and reporting financial transactions of a business.
Management accounting involves providing information to help with internal decision-making.
Tax accounting deals with tax-related matters such as tax returns and compliance.
Other types include cost accounting, forensic accounting, and aud
- Q3. What is depreciation
- Ans.
Depreciation is the allocation of the cost of a tangible asset over its useful life.
Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.
It is used to spread out the cost of an asset over its useful life instead of expensing it all at once.
Common methods of calculating depreciation include straight-line, double-declining balance, and units of production.
Examples of depreciable as...
5 topics 5 tests were there during the assessment
(2 Questions)
- Q1. Everything related to accounts payble
- Q2. Steps in procure to pay
- Ans.
Procure to pay is the process of obtaining goods or services from a vendor, receiving and approving the invoice, and making payment.
Identify need for goods or services
Obtain quotes or proposals from vendors
Create purchase order
Receive goods or services
Approve invoice for payment
Make payment to vendor
Interview Preparation Tips
Selected
I applied via Walk-in and was interviewed in Oct 2024. There were 3 interview rounds.
Accounting and Grammar
(2 Questions)
- Q1. Accounts Payable Cycle
- Q2. Journal Entries
(1 Question)
- Q1. Took by Manager
Interview Preparation Tips
- Financial Accounting
(2 Questions)
- Q1. TDS sections and percentage
- Q2. SAP Tcodes.
Selected
I was interviewed in Jan 2024.
Accounts Payable Executive
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Easy to clear all the best for your u doing well I am in the same situation for you and your family members of the following is not a feature of the following is not
(1 Question)
- Q1. Checks your English and kind of person you are.
(1 Question)
- Q1. Some Basic Accounting Questions.
It's about some of English and General Aptitude test
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Genpact Accounts Payable Process Developer Interview Process
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Genpact Accounts Payable Process Developer Reviews and Ratings
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|  ₹1 L/yr - ₹6.8 L/yr |
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