Genpact Credit Administrator Interview Questions and Answers

Accounts receivable and payables are financial terms used in accounting to track money owed to a company and money owed by a company.

• Accounts receivable refers to the money owed to a company by its customers or clients for goods or services provided on credit.

• Accounts payable refers to the money owed by a company to its suppliers or vendors for goods or services received on credit.

• Accounts receivable is an asset on the...read more

Collections is the process of recovering unpaid debts from borrowers.

• It involves contacting borrowers who have missed payments

• Negotiating payment plans or settlements

• Taking legal action if necessary

• Maintaining accurate records of all communication and actions taken

• Examples include credit card debt, medical bills, and student loans