Infosys BPM P2P Accounts Payable Executive 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. Tell me about yourself?
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Tell about your self

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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1st rount they gave the sheet and in that sheet they ask accounting questions which we have to attend all the questions with correct answer.

Q1. What is accounts payable
Ans. 
Accounts payable refers to the amount of money a company owes to its suppliers or vendors for goods or services received.
• Accounts payable is a liability on the balance sheet.

• It represents the company's short-term obligations to pay for goods or services.

• It includes invoices, bills, and other payment requests from suppliers.

• Accounts payable is typically recorded when the goods or services are received, not when the paym...read more
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Q2. What is tds GST ect
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TDS (Tax Deducted at Source) and GST (Goods and Services Tax) are tax systems used in India.
• TDS is a system where tax is deducted at the time of making certain payments such as salary, rent, etc.

• GST is a value-added tax levied on the supply of goods and services.

• TDS and GST are both important for ensuring tax compliance and revenue collection.

• TDS rates vary depending on the nature of payment and the income tax slab of ...read more
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Q3. What is accounts receivable
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Accounts receivable refers to the money owed to a company by its customers for goods or services provided on credit.
• Accounts receivable is an asset on the balance sheet.

• It represents the amount of money that customers owe to the company.

• It is created when a company sells goods or services on credit terms.

• Accounts receivable is typically collected within a specified period, known as the credit period.

• Companies often sen...read more
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Q4. Explain P2P process
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P2P process refers to the end-to-end cycle of purchasing goods or services, from requisition to payment.
• P2P stands for Procure-to-Pay.

• It involves several steps such as requisition, purchase order creation, goods receipt, invoice processing, and payment.

• The process ensures proper authorization, compliance, and timely payment to vendors.

• Automation and technology play a crucial role in streamlining the P2P process.

• For exa...read more
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Q5. Explain rcm concept
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Q6. Introduce yourself
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Q7. What is your strength and weakness
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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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