Intime Commotrade Senior Accounts Manager Interview Questions and Answers

Q1. What is Accounts 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 represents a company's short-term debt obligations to its suppliers or vendors.

• It is listed as a current liability on the company's balance sheet.

• Accounts payable is typically settled within a short period, often within 30 to 60 days.

• Examples of accounts payable include invoices ...read more
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Q2. What is PO and Non PO & what is 2 way and 3 way match
Ans. 
PO stands for Purchase Order, Non PO refers to transactions without a Purchase Order. 2 way match involves matching the invoice with the PO, while 3 way match involves matching the invoice, PO, and receiving report.
• PO (Purchase Order) is a document issued by a buyer to a seller, outlining the products or services to be purchased.

• Non PO transactions are purchases made without a formal Purchase Order.

• 2 way match is the p...read more
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Q1. What is angular
Ans. 
Angular is a popular front-end framework for building dynamic web applications.
• Angular is developed and maintained by Google.

• It uses TypeScript for building applications.

• Angular provides features like data binding, dependency injection, and routing.

• It follows the component-based architecture.

• Angular has a large community and ecosystem of libraries and tools.

• Examples of popular Angular applications include Gmail and Pay
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Q2. What is class and polymorphism
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Class is a blueprint for creating objects in object-oriented programming, while polymorphism allows objects of different classes to be treated as objects of a common superclass.
• Class is a template for creating objects with attributes and methods.

• Polymorphism allows objects of different classes to be treated as objects of a common superclass.

• Example: Animal is a superclass, Dog and Cat are subclasses. Both Dog and Cat c
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Q1. Journal entry for prepaid expenses
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Journal entry for prepaid expenses involves debiting Prepaid Expense account and crediting Cash or Bank account.
• Prepaid expenses are expenses paid in advance but not yet incurred.

• To record prepaid expenses, debit the Prepaid Expense account and credit Cash or Bank account.

• Example: Journal entry for prepaid rent of $1,200 would be: Debit Prepaid Rent $1,200 and Credit Cash/Bank $1,200.
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Q2. Journal entry for dividend
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Journal entry for dividend involves debiting retained earnings and crediting dividends payable or cash account.
• Debit retained earnings to decrease equity

• Credit dividends payable or cash account to show payment to shareholders

• Dividends are not an expense, but a distribution of profits

• Journal entry: Debit Retained Earnings, Credit Dividends Payable or Cash
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Q1. Tell me about your self
Ans. My name is vishal surwade. I belong to jalgaon but currently living in mumbai. I have completed my graduation in bcom branch from north Maharashtra university jalgaon. I like learning new skills and technology. Thats all about me. Thank you.
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Q2. What is your strength and weekness
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Q3. Consider the leadership done by my skill as my strength & my weekness is I don't like sitting idle during work hours
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Q4. Why should i hire you
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Q5. Because i have done my education criteria so i am fullfill for a job if you give me a chance work with you so i will give you a best efforts in work
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Q1. Self introduce , skills, Education
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Q1. Tell me about yourself
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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. What is the difference between a provision and a reserve
Ans. 
Provisions are liabilities that are uncertain in timing or amount, while reserves are profits set aside for specific purposes.
• Provisions are made for known liabilities that are uncertain in timing or amount, such as bad debts or legal claims.

• Reserves are profits set aside for specific purposes, such as expansion, dividends, or contingencies.

• Provisions are charged against profits as expenses, while reserves are not char...read more
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