IQ BackOffice Interview Questions and Answers

Basic english and accounting

Q1. Its all about process knowledge
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Q2. Nothing difficult everything asked simple and basic.
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Q1. Salary discussion
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Q1. As for the position of AP they asked accounting relating questions such as golden rules,journal enteries, Enteries in balance sheet etc.,
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Q2. Tell me the golden rules.?
Ans. 
The golden rules are fundamental principles or guidelines that should be followed for success or effectiveness.
• Treat others as you want to be treated

• Always be honest and ethical

• Take responsibility for your actions

• Communicate effectively and listen actively

• Continuous learning and improvement
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Q3. In which side the furniture would in balance sheet.?
Ans. 
Furniture would be classified as a fixed asset on the balance sheet.
• Furniture is considered a long-term asset and is typically categorized under fixed assets on the balance sheet.

• It is important for companies to accurately record the value of furniture to reflect the true financial position.

• Depreciation is usually applied to furniture over its useful life to account for wear and tear.

• Examples of furniture include desks
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Q4. Tell me Purchase return journal entry.?
Ans. 
Purchase return journal entry is used to record the return of purchased goods to the supplier.
• Debit the accounts payable account to reverse the original purchase

• Credit the inventory account to reduce the inventory on hand

• Include a brief description of the reason for the return in the journal entry

• Ensure the journal entry is properly documented and approved by authorized personnel
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Q5. Credit sales journal enteries.?
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Q1. Basic Math questions
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Q2. Accounting Concepts
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Q1. General questions Like our self introduction
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Q1. In technical round, they are asking describe about the previous experience
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Q1. Java based oops coding
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Q2. Self introduction java related basic questions
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Q1. About myself questions..
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Q2. About accounting & general questions
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Q3. Attend the answers with eye to eye contact because thats necessary.
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Q4. General questions like from the books you studied ..for eg: about depriciation & accounts..
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General GK questionS about accounts and gk.

Typing test .. Which is given by them and it will be calculated by timing which they conduct.

Q1. About myself & general questions.
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Q2. About Accouts like p&l like more normal questions.
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Q3. Eye to eye contact Must.
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