Healthcare Industry QA QC Executive Interview Questions and Answers

Q1. Tell me about Debit credit golden rules
Ans. 
Debit credit golden rules are principles that guide the recording of financial transactions in accounting.
• Debit the receiver, credit the giver: When an asset is received, it is debited, and when an asset is given, it is credited.

• Debit what comes in, credit what goes out: When there is an increase in assets, it is debited, and when there is a decrease in assets, it is credited.

• Debit expenses and losses, credit income an...read more
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Q2. Tell me Purchases comes under which account , Purchase returns like wise Sales account and Sales Returns account
Ans. Purchases shows-Debit balance & Purchase Returns credit balance simultaneously Sales - Credit balance & Sales Returns- Debit balance.
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Q1. Are you comfortable to relocate to Vizag
Ans. Yes, As its my home town I am comfortable to relocate to vizag
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Q1. Process to pay cycle
Ans. 
The process to pay cycle involves the steps taken to initiate, authorize, and complete a payment.
• The process begins with the initiation of a payment request.

• The request is then authorized by the appropriate parties.

• Once authorized, the payment is processed and completed.

• The cycle may involve multiple steps and parties depending on the payment method and system used.

• Examples include electronic fund transfers, credit car
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Q2. Reconciliation and query
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Q1. About previous work experience
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Logical reasoning, GAAP and English

Q1. Taxation and business finance questions mostly
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Q1. Personal experiences and preferences
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