Genpact P2P Process Associate Interview Questions and Answers

First step is aptitude test before HR round

Q1. Via internet video call interview
Add your answer
Q2. Golden rules and basic accounting questions
Add your answer
Q3. Who is the father of accounting
Ans. 
Luca Pacioli is considered the father of accounting.
• Luca Pacioli, an Italian mathematician, is often credited as the father of accounting for his work in the 15th century.

• He wrote a book called 'Summa de Arithmetica, Geometria, Proportioni et Proportionalita' which included a section on double-entry bookkeeping.

• Double-entry bookkeeping is a foundational concept in accounting that Pacioli helped popularize.
Answered by AI
Add your answer
Q4. Self introduction
Add your answer
Q5. 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 reduces the value of an asset over time.

• It reflects the wear and tear, obsolescence, or decrease in value of the asset.

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

• Example: A company purchases a delivery truck for $50,000 with ...read more
Answered by AI
Add your answer

Q1. Types of PO SAP tcode
Ans. 
Types of PO in SAP include standard PO, blanket PO, contract PO, and planned PO. SAP tcode for PO is ME21N.
• Standard PO is used for one-time purchases

• Blanket PO is used for recurring purchases over a period of time

• Contract PO is used for long-term agreements with suppliers

• Planned PO is used for materials that are not yet fully specified

• SAP tcode for creating a PO is ME21N
Answered by AI
Add your answer

Q1. Tell me about your self
Add your answer
Q2. What is your salary expectation
Add your answer

Q1. Salary discussion and expectations
Add your answer
Q2. How much salary are you Expecting
Add your answer

World culture definition of an individual

Its online based test. accounting related they asked

Q1. What do you know about p2p
Ans. 
P2P stands for Procure-to-Pay, which is the process of requisitioning, purchasing, receiving, paying for, and accounting for goods and services.
• P2P involves the entire cycle from requesting goods/services to paying for them.

• It includes steps like requisitioning, purchase order creation, goods receipt, invoice processing, and payment.

• P2P aims to streamline and automate the procurement process to improve efficiency and r...read more
Answered by AI
Add your answer
Q2. Explain the process of p2p
Ans. 
P2P process involves the entire cycle of purchasing goods or services, from requisition to payment.
• Requisition: Request for goods or services is made by the user or department.

• Purchase Order: Formal document is created to authorize the purchase.

• Receipt of Goods/Services: Goods or services are received and inspected.

• Invoice Processing: Supplier sends invoice, which is matched with purchase order and receipt.

• Payment: Pay...read more
Answered by AI
Add your answer