Infosys BPM Accounts Associate Interview Questions and Answers

Accounting questions for aptitude test

Q1. What is working capital
Ans. 
Working capital is the difference between a company's current assets and current liabilities.
• Working capital is a measure of a company's operational efficiency and short-term financial health.

• It shows how much liquid assets a company has available to meet its short-term obligations.

• Formula: Working Capital = Current Assets - Current Liabilities

• Examples of current assets: cash, accounts receivable, inventory

• Examples of ...read more
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Q2. What is a accounting process
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Accounting process refers to the series of steps taken to record, analyze, and report financial transactions of a business.
• The accounting process starts with identifying and recording financial transactions.

• Transactions are then classified into different accounts based on their nature (e.g. assets, liabilities, equity, revenue, expenses).

• The recorded transactions are then summarized and analyzed to prepare financial st...read more
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Q3. All accounting questions
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Q4. State the three main types of accounting
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The three main types of accounting are financial accounting, management accounting, and tax accounting.
• Financial accounting focuses on recording and reporting financial transactions of a business.

• Management accounting involves providing information to help with internal decision-making and planning.

• Tax accounting deals with tax-related matters, such as preparing tax returns and ensuring compliance with tax laws.
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Q5. Golden rules of accounting
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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: 1. Debit the receiver, credit the giver 2. Debit what comes in, credit what goes out 3. Debit expenses and losses, credit income and gains

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a...read more
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Q1. Would you you be able to work on saturdays?
Ans. Say yes. They usually dont make you come in on saturdays.
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Q2. Where do you see yourself in 5 years?
Ans. I see myself continuing to work hard in my current role and making progress in the aligned vertical. I also see myself gaining the required knowledge and technical skills required to carry out my responsibilities. I see myself developing good relationship with my colleagues and the leadership as well.
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Q1. Same questions as above
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Q2. Refer above questions
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Q1. Self introduction
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Q2. About the role and responsibilities
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Q1. Tell me about yourself
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Q2. This question is usually the first question in an interview, and it is a way to break the ice. You should answer this question by giving a brief overview of your education, work experience, and skills. You...read more
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Q1. Technical terms and denials and RCM related topics
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Q1. Personal details about you
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Q2. Where do you see yourself in 5 years
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Q1. Asking about job profile
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Q2. Portfolio questions about
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Q1. I applied for Payroll Processor and all questions was Payroll related.
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Q2. Payroll processing related questions.
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Q1. Willing to relocate to office
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Q2. Basic accounting principles
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Q1. Few questions related to the department, accounts payable. Then some aptitude related questions
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