Genpact
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Balance sheet reconciliation is the process of comparing and adjusting the balances in an organization's accounting records to ensure accuracy.
It involves comparing the balances in the general ledger with supporting documentation, such as bank statements and invoices.
Any discrepancies are identified and resolved through adjustments or further investigation.
The goal is to ensure that the financial statements accurately ...
I applied via Naukri.com and was interviewed in Nov 2023. There were 2 interview rounds.
I applied via Naukri.com and was interviewed in Mar 2024. There was 1 interview round.
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Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
Accounts payable is a liability on the company's balance sheet.
It represents the amount of money the company owes for goods or services received but not yet paid for.
Accounts payable is typically recorded as a current liability on the balance sheet.
Examples of accounts payable include invoices fr
A trial balance is a list of all the general ledger accounts contained in the ledger of a business.
It is used to ensure that the total debits equal the total credits in the accounting records.
It is prepared at the end of an accounting period before the financial statements are prepared.
Errors in recording transactions can be identified by preparing a trial balance.
Example: If the total debits in the trial balance do no...
Genpact interview questions for designations
Golden rules of accounting are basic principles to maintain accuracy and consistency in financial records.
The first golden rule is to maintain a record of all transactions.
The second golden rule is to record all transactions in the appropriate account.
The third golden rule is to ensure that the debit and credit amounts are equal.
These rules help in maintaining accurate financial records and prevent errors.
For example, ...
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I applied via Walk-in and was interviewed in Dec 2021. There were 2 interview rounds.
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I applied via Walk-in and was interviewed before Nov 2020. There were 4 interview rounds.
I applied via Naukri.com and was interviewed in Aug 2023. There were 3 interview rounds.
An aptitude test is an exam used to determine an individual's skill or propensity to succeed in a given activity. Aptitude tests assume that individuals have inherent strengths and weaknesses and have a natural inclination toward success or failure in specific areas based on their innate characteristics.
Assignment most often refers to one of two definitions in the financial world:
The transfer of an individual's rights or property to another person or business. This concept exists in a variety of business transactions and is often spelled out contractually.
In trading, assignment occurs when an option contract is exercised. The owner of the contract exercises the contract and assigns the option writer to an obligation to complete the requirements of the contract.
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