iOrbit Digital Technologies Senior Executive Operations Interview Questions and Answers

Q1. Self Introduction Experience Brief your last process Role of responsibility
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Q1. Experience and brief you last process
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Q1. Difference between empathy and sympathy Resolution and solutions Empathy and sympathy Ownership and accountability Last process role of responsibility etc
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Q1. Grn, inventory ,fifo
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Q2. Received,grading , packing
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Q1. P2P Cycle What's is accounts payable
Ans. 
Accounts payable is a financial term that refers to the money a company owes to its suppliers or vendors for goods or services received.
• Accounts payable represents the outstanding invoices or bills that a company needs to pay.

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

• Accounts payable is an important part of the procure-to-pay (P2P) cycle.

• It involves receiving and verifying invoices, recording them in the account...read more
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Q2. What is accounts payable
Ans. 
Accounts payable is a financial term referring to the 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 amount owed by a company to its creditors.

• It includes invoices, bills, and other payables that are yet to be paid.

• Accounts payable is an important part of managing cash flow and maintaining good relationships with sup...read more
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Q3. Golden ruls of accounts
Ans. 
The golden rules of accounts are fundamental principles that guide the recording and reporting of financial transactions.
• The first golden rule is the Debit the Receiver, Credit the Giver rule. This means that when an asset or expense is received, it is debited, and when a liability, equity, or revenue is given, it is credited.

• The second golden rule is the Debit what comes in, Credit what goes out rule. This means that ...read more
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Q4. Tds deduction rate
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TDS deduction rate refers to the percentage of tax deducted at source from various types of income.
• TDS deduction rate varies based on the type of income and the applicable tax laws.

• For example, the TDS deduction rate for salary income may be different from the rate for interest income.

• The rates are determined by the government and may change from time to time.

• TDS deduction rates are specified in the Income Tax Act of t...read more
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Q5. What is bas debt
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Bad debt refers to the amount of money owed to a company that is unlikely to be recovered.
• Bad debt is a financial term used to describe debts that are considered uncollectible or unlikely to be paid back.

• It typically arises when a debtor is unable or unwilling to fulfill their financial obligations.

• Companies often write off bad debts as losses on their financial statements.

• Bad debt can result from unpaid invoices, defa...read more
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Q1. Describe experience and your qualifications and certifications if any.
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Q2. How are you fit for the role
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Digital marketing process

Q1. How does revenue recognition work
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Revenue recognition is the process of recording revenue in a company's financial statements when it is earned.
• Revenue is recognized when it is realized or realizable and earned, regardless of when cash is received.

• It involves determining the amount of revenue to record and when to record it.

• Different industries may have specific guidelines for revenue recognition, such as the percentage-of-completion method for constru...read more
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Q1. Tell me about yourself, OTC cycle, when you perform RCA, Steps to prepare RCA, what is KPI, What is SLA, steps to prepare SOP, journal entries, what is working capital.
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Q1. Tell me something about yourself, Why do you want to join wipro, tell me something about wipro, 5 habits of wipro
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Q1. Tell me about yourself.
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Q2. Share a situation where you showed Ownership of a situation.
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