HGS Senior Claims Associate Interview Questions and Answers for Experienced

Non-PO refers to purchases made without a purchase order.

• Non-PO purchases are made without a formal purchase order.

• These purchases are typically made for urgent or small items.

• Non-PO purchases may require additional approval or documentation.

• Examples of Non-PO purchases include office supplies, travel expenses, and minor repairs.

FB03 is a transaction code in SAP used to display financial accounting documents.

• FB03 is used to view accounting documents such as invoices, credit memos, and payment receipts.

• It allows users to search for documents based on various criteria such as document number, posting date, and company code.

• FB03 also provides options to display document details, line items, and accounting entries.

• It is commonly used by finance an...read more

Fixed assets can be categorized into tangible and intangible assets.

• Tangible assets include property, plant, and equipment (PPE), such as buildings, machinery, and vehicles.

• Intangible assets include patents, copyrights, trademarks, and goodwill.

• Fixed assets are long-term assets that are not intended for sale and are used in the production of goods or services.

• Fixed assets are recorded on the balance sheet and are subje...read more

Banking is the business activity of accepting and safeguarding money owned by other individuals and entities.

• Banks accept deposits from customers and use that money to make loans and investments.

• They provide various financial services such as checking accounts, savings accounts, credit cards, and loans.

• Banks also play a crucial role in the economy by facilitating the flow of money and credit.

• Examples of banks include J

Documents required for opening an SME account.

• Proof of identity and address of the business owner(s)

• Proof of business registration

• Business PAN card

• GST registration certificate

• Bank statements of the business

• Business plan and projections

• KYC documents of authorized signatories

• Any other relevant documents as per the bank's requirements