HGS Accounts Payable Associate Interview Questions, Process, and Tips

Q1. Tell About yourself
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Q2. Elaborate your skills
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I have strong attention to detail, excellent organizational skills, and proficiency in accounting software.
• Attention to detail in processing invoices and payments

• Organizational skills in maintaining accurate records and meeting deadlines

• Proficiency in accounting software like QuickBooks or SAP

• Ability to reconcile accounts and resolve discrepancies

• Experience in vendor communication and resolving payment issues
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Q1. Technical questions on accounts
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Q2. Why do you want this job
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Typing test with pass mark of 90%

Q1. How do you done 3 way match
Ans. 
3 way match is a process used in accounts payable to ensure that the purchase order, invoice, and receiving report all match.
• Verify that the purchase order, invoice, and receiving report all have the same details such as quantity, price, and description.

• Resolve any discrepancies between the three documents before processing payment.

• Document any discrepancies and communicate with the appropriate parties to rectify the i...read more
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Q2. What is provision expense general entry
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Provision expense general entry is the accounting entry made to recognize an estimated expense that has not yet been realized.
• Provision expense general entry is made to account for expenses that are likely to occur in the future but have not yet been incurred.

• It involves debiting the provision expense account and crediting the corresponding liability account.

• For example, a company may make a provision for bad debts by ...read more
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Q1. What is Account payable
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Accounts Payable is the amount a company owes to its vendors or suppliers for goods or services received but not yet paid for.
• AP is a liability account in the balance sheet

• It includes invoices, bills, and other expenses

• It is managed by the AP department

• It is important for cash flow management and vendor relationships
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Q2. Account payable journal entry
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Q3. Tell about the financial statements
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Financial statements are reports that show the financial performance of a company.
• There are three main financial statements: balance sheet, income statement, and cash flow statement.

• The balance sheet shows the company's assets, liabilities, and equity at a specific point in time.

• The income statement shows the company's revenue, expenses, and net income over a period of time.

• The cash flow statement shows the company's i...read more
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Q4. Vlookup and tell about the lookup function in excel
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Vlookup is a function in Excel used to search for a specific value in a table and return a corresponding value.
• Vlookup stands for 'Vertical Lookup'

• It is used to search for a specific value in the first column of a table and return a corresponding value from a specified column

• It is commonly used in accounting and finance for tasks such as matching invoices to purchase orders

• Syntax: =VLOOKUP(lookup_value, table_array, co...read more
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It is included accounting base apptitude test

Q1. Tell me about yourself
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Q1. Accounting golden rules
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Q2. What is account payable
Ans. 
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 owed to suppliers 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 f...read more
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Q3. What is depericiation
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Depreciation is the allocation of the cost of a tangible asset over its useful life.
• Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.

• It is used to spread out the cost of an asset over its useful life instead of expensing it all at once.

• Common methods of depreciation include straight-line, double-declining balance, and units of production.

• Example: A company purchases a deliver...read more
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Q4. Why you want to join wns
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Q1. Account Payable Process Golden rules with example
Ans. 
Golden rules for Accounts Payable process with examples
• Ensure accuracy of data entry and documentation

• Verify invoices against purchase orders and receipts

• Match invoices to correct GL accounts

• Pay invoices on time to avoid late fees and maintain good vendor relationships

• Maintain proper records and documentation for audits

• Example: Verify that the invoice amount matches the purchase order and receipt before processing paym...read more
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Q2. Journal entries related to basic account
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It's all reasoning and English grammar questions

Q1. Give me introduction
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It's aptitude test.no negative marking.its has English propeciancy test

Q1. Tell me about your self
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Q1. Why we hiring you
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