Genpact Process Developer Interview Questions, Process, and Tips

Q1. Tell me about your self
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Q1. What is the Golden rule
Ans. 
The Golden rule is a moral principle that states one should treat others as one would like others to treat oneself.
• Treat others the way you want to be treated

• Encourages empathy and kindness towards others

• Found in various religions and philosophies, such as Christianity and Confucianism
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Q2. What journal entries of prepaid rent
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Prepaid rent journal entries involve debiting Prepaid Rent and crediting Cash or Rent Expense.
• Prepaid rent is an asset account representing rent paid in advance.

• When prepaid rent is initially recorded, Prepaid Rent is debited and Cash or Bank is credited.

• As time passes and the prepaid rent is used up, Rent Expense is debited and Prepaid Rent is credited.

• Journal entry for prepaid rent: Debit Prepaid Rent, Credit Cash or...read more
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Q1. Prior experience related
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Q2. Subject questions accounting and Fpa
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Q1. Tell me about your self?
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Q2. How many years of experience do you have in the same profile?
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Q1. Asking about accounts payable knowledge?
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Q2. Why the date of invoice is necessary?
Ans. 
The date of invoice is necessary for tracking payment deadlines, ensuring accurate record-keeping, and resolving disputes.
• Helps track payment deadlines and avoid late fees

• Ensures accurate record-keeping for financial purposes

• Facilitates resolving disputes by providing a clear timeline of transactions
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Q3. Important fields of an invoice?
Ans. 
Important fields of an invoice include date, invoice number, billing address, line items, total amount.
• Date of invoice

• Invoice number

• Billing address

• Line items with description and quantity

• Total amount
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English Grammar and vocabulary

Q1. What are your reasons for wanting to join this organization, and what are your expectations from it?
Ans. 
I am drawn to this organization for its innovative approach and commitment to excellence, seeking growth and collaboration.
• Alignment with values: I admire your commitment to sustainability and innovation, which resonates with my personal values.

• Career growth: I see this organization as a place where I can develop my skills and advance my career, particularly in process optimization.

• Collaborative culture: I appreciate t...read more
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Q2. Golden rules of accounting, kindly give an idea about amortization, depreciation, provisions, financial statements and reports as well as why do we prepare income statements at month end close in R2R?
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Q3. What is bank reconciliation, and what are the reasons for preparing it?
Ans. 
Bank reconciliation is the process of comparing a company's financial records with bank statements to ensure accuracy.
• Identifies discrepancies between bank statements and company records.

• Ensures all transactions are recorded accurately, e.g., missed deposits.

• Helps detect fraud or unauthorized transactions, e.g., unexpected withdrawals.

• Facilitates better cash flow management by providing a clear financial picture.

• Aids i...read more
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Q4. What are the steps to rectify errors in recording transactions without affecting the balance sheet?
Ans. 
Steps to correct transaction errors while maintaining balance sheet integrity.
• Identify the error: Review transaction records to pinpoint inaccuracies.

• Document the error: Keep a record of the error for future reference.

• Make correcting entries: Use journal entries to adjust the affected accounts without altering the overall balance.

• Example: If an expense was recorded as $500 instead of $300, create an entry to reduce the...read more
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Q1. Introduction, prior job responsibility & comms check.
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Q1. In the second round there will be 2 panelist & the first thing they will ask to introduce yourself then the panelist will give any random topic & on that topic have to speak 3-5 minutes & any problem solvi...read more
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Q1. Why do wanna join the organization & why should we select you
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Q1. You are shortlisted from naukari.com interview has been scheduled for you please attend
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Q2. About my salary expectations
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Q1. About my work experience
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Q2. Lil bit about my location
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Q1. Only and only salary discussion
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Q2. Background verification type things
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