Hexaware Technologies Senior Accounts Executive Interview Questions and Answers

Q1. Journal entry for prepaid expenses
Ans. 
Journal entry for prepaid expenses involves debiting Prepaid Expense account and crediting Cash or Bank account.
• Prepaid expenses are expenses paid in advance but not yet incurred.

• To record prepaid expenses, debit the Prepaid Expense account and credit Cash or Bank account.

• Example: Journal entry for prepaid rent of $1,200 would be: Debit Prepaid Rent $1,200 and Credit Cash/Bank $1,200.
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Q2. Journal entry for dividend
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Journal entry for dividend involves debiting retained earnings and crediting dividends payable or cash account.
• Debit retained earnings to decrease equity

• Credit dividends payable or cash account to show payment to shareholders

• Dividends are not an expense, but a distribution of profits

• Journal entry: Debit Retained Earnings, Credit Dividends Payable or Cash
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Q1. Tell me about your self
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Q1. Tell me latest amendment
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The latest amendment in accounting standards is related to revenue recognition.
• The latest amendment in accounting standards is related to revenue recognition

• The new standard, ASC 606, outlines a five-step process for recognizing revenue

• Companies are required to disclose more information about revenue recognition policies in their financial statements
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Q1. Introduce your self and experience
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Q2. Motivation for applying job
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Q1. Why you want to join
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I want to join because I have a strong background in accounts management and I am excited about the opportunity to contribute to the growth and success of the company.
• I have several years of experience in accounts management and have successfully handled large client portfolios.

• I am highly skilled in financial analysis, budgeting, and forecasting, which are essential for the role of an Accounts Manager.

• I am motivated b...read more
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Q2. Tell me about yourself
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I am an experienced Accounts Manager with a strong background in financial management and team leadership.
• Over 10 years of experience in managing accounts and financial operations

• Proven track record of successfully leading teams and achieving financial targets

• Expertise in budgeting, forecasting, and financial analysis

• Proficient in using accounting software such as QuickBooks and Excel

• Strong communication and interperso...read more
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Q1. What is your strength
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Q1. Why do you want to work here
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Q1. Tell me something about yourself
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Q2. What do you know about your job responsibilities for which post you applied
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Given a scenario where the customer is very angry how do you handle the situation?

Q1. Documents submission
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Q1. Accounts golden rules
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Q1. What you do ?
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