IBM Accounts Payable Associate Interview Questions and Answers

Accruals are expenses incurred but not yet paid. Journal entries are made to record them. Debtors receivable are amounts owed to the company.

• Accruals are expenses that have been incurred but not yet paid.

• Journal entries are made to record accruals.

• Debtors receivable are amounts owed to the company by customers.

• Accruals and debtors receivable are both recorded on the balance sheet.

• Examples of accruals include salaries, ...read more

Price-to-earnings (P/E) ratio is used to evaluate the share.

• P/E ratio compares the current market price of a share to its earnings per share (EPS).

• It helps investors determine if a stock is overvalued or undervalued.

• A high P/E ratio may indicate that the stock is overvalued, while a low P/E ratio may indicate that the stock is undervalued.

• For example, if a company has a P/E ratio of 20, it means that investors are will...read more

RTR process refers to Record to Report process which involves all activities from recording transactions to preparing financial statements.

• RTR process is a crucial part of accounting and finance operations.

• It involves recording financial transactions, reconciling accounts, and preparing financial statements.

• The process ensures accuracy and completeness of financial data.

• It includes activities like journal entries, gene...read more