Genpact Accounts Receivable Associate Interview Questions and Answers

Q1. Work experience, salary expectation
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Q1. Golden rules of accounting
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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: 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 maintain the balance in the accounting equation: Assets = Liabilities + Equity.

• For example, when a company receives cash fro...read more
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Q2. Matching concept
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Q3. P to P cycle
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Q1. What was the depreciate
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Depreciation is the allocation of the cost of an 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 the cost of an asset over its useful life for accounting purposes.

• Common methods of depreciation include straight-line, double declining balance, and units of production.

• Example: A company purchases a delivery truck for $50,000 and ...read more
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Q2. What is the AR
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Accounts Receivable (AR) is the balance of money owed to a company by customers for goods or services provided on credit.
• AR represents the amount of money owed to a company by customers

• It is typically recorded as a current asset on the balance sheet

• AR is an important metric for assessing a company's financial health and cash flow

• Examples: Invoices sent to customers for products or services provided, outstanding payment
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Q1. What is withdrawal
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Withdrawal is the act of taking money out of an account or the symptoms experienced when stopping the use of a substance.
• Withdrawal in banking refers to taking money out of an account, either through an ATM, bank teller, or other means

• Withdrawal in substance abuse refers to the physical and mental symptoms experienced when a person stops using a drug or alcohol

• Examples of withdrawal symptoms include nausea, sweating, a
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Q2. What i you think about 401k
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Q1. Self introduction
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Q2. About process how we will hndle process
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Q1. Previous experience of work
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Q2. Any related experience
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Totally 20 questions, 20 out of 15 is good one , witch is get to go next level(2nd round)

Q1. What are your strengths and weaknesses?
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Q2. What is your family background?
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Q3. Share details of your previous job.
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Q4. Tell me about yourself.
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Q1. This is final round, common question only I’m facing, Example: distance with home to office, travelling time, etc,
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