Genpact Otc Analyst Interview Questions and Answers

It is a very difficult to faced round 1

Q1. Self introduction
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Q2. What is your strength
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Q3. What About your family
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Q4. What is your goals
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Q5. What is Accounting golden rules
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Accounting golden rules are basic principles that guide the preparation of financial statements.
• Golden rule of accounting is 'Debit the receiver, credit the giver.'

• There are three main golden rules: Personal Account, Real Account, and Nominal Account.

• Personal Account: Debit the receiver, credit the giver. Example: Cash received from John - Debit Cash, Credit John.

• Real Account: Debit what comes in, credit what goes out....read more
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Q6. What is Income statement and balance sheet
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Income statement shows a company's financial performance over a period of time, while balance sheet shows its financial position at a specific point in time.
• Income statement includes revenues, expenses, and net income for a specific period.

• Balance sheet includes assets, liabilities, and equity at a specific point in time.

• Income statement helps assess profitability, while balance sheet helps assess financial health.

• Exam...read more
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Q7. What is Accrued expenses and gains
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Accrued expenses and gains are amounts that have been incurred but not yet paid or received.
• Accrued expenses are expenses that have been incurred but not yet paid, such as salaries, rent, and utilities.

• Accrued gains are revenues that have been earned but not yet received, such as interest income or sales revenue.

• Accrued expenses and gains are recorded in the financial statements to reflect the true financial position o...read more
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Q8. Wt is components of profit and loss account
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Components of profit and loss account include revenue, expenses, gross profit, operating profit, net profit, and taxes.
• Revenue: Income generated from sales of goods or services

• Expenses: Costs incurred in the production or operation of the business

• Gross Profit: Revenue minus the cost of goods sold

• Operating Profit: Gross profit minus operating expenses

• Net Profit: Operating profit minus taxes and other expenses

• Taxes: Amou
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Q9. What is depreciation and amortization
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Depreciation and amortization are accounting methods used to allocate the cost of tangible and intangible assets over their useful lives.
• Depreciation is the allocation of the cost of tangible assets (such as buildings, machinery, vehicles) over their useful lives.

• Amortization is the allocation of the cost of intangible assets (such as patents, copyrights, trademarks) over their useful lives.

• Both depreciation and amorti...read more
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