Genpact Assistant Manager Interview Questions, Process, and Tips

P2P stands for peer-to-peer, a decentralized network where computers communicate directly with each other without a central server.

• P2P is used for file sharing, messaging, and other types of communication.

• It allows for faster and more efficient communication as there is no need for a central server.

• Examples of P2P networks include BitTorrent, Napster, and Skype.

• P2P can also be used for cryptocurrency transactions, such...read more

PO stands for Purchase Order. There are two types of PO - Standard PO and Blanket PO.

• PO is a document that a buyer sends to a seller to request goods or services.

• It includes details such as item description, quantity, price, delivery date, and payment terms.

• A Standard PO is used for one-time purchases while a Blanket PO is used for recurring purchases.

• Examples of industries that use POs include manufacturing, healthcar

Accrual refers to the recognition of revenue or expenses that have been earned or incurred but not yet received or paid.

• Accrual accounting recognizes revenue and expenses when they are earned or incurred, regardless of when they are received or paid.

• This is in contrast to cash accounting, which recognizes revenue and expenses only when cash is received or paid.

• Examples of accruals include accounts receivable, accounts ...read more

A check list of invoices is a document used to ensure accuracy and completeness of invoices.

• Includes verifying invoice number, date, amount, and payment terms

• Checks for any discrepancies or errors

• Ensures all necessary information is included, such as purchase order number or shipping details

• May also include a review of supporting documentation, such as receipts or contracts

• Helps prevent fraud and ensures timely payment