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IQ BackOffice Junior Process Associate Interview Questions and Answers

Updated 30 Nov 2024

IQ BackOffice Junior Process Associate Interview Experiences

4 interviews found

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

GENERAL APTITUDE TEST

Round 2 - Technical 

(2 Questions)

  • Q1. General Excel knowledge
  • Q2. Entertainment Resource Planning knowledge about the basic
Round 3 - Behavioral 

(2 Questions)

  • Q1. Fresher have different way of question
  • Q2. Experience's have a previous process knowledge and about the general concept of the process

Interview Preparation Tips

Interview preparation tips for other job seekers - Try to try the job. Never forget
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed in Jul 2023. There were 3 interview rounds.

Round 1 - Aptitude Test 

It's like a easy way to conduct.

Round 2 - Technical 

(1 Question)

  • Q1. It's computer knowledge test.
Round 3 - Final Interview 

(1 Question)

  • Q1. It's final round taken by manager's & other Team Lead's

Interview Preparation Tips

Interview preparation tips for other job seekers - If you any attend that interview - Go formal wear & Good Account's knowledge is must

Thanks.

Junior Process Associate Interview Questions Asked at Other Companies

asked in KGISL
Q1. Will you be able to learn the process in time and be able to hand ... read more
Q2. In which side the furniture would in balance sheet.?
Q3. Speak for 2 to 3 minutes on a particular topic
asked in KGISL
Q4. what is OOPS and what are its uses?
Q5. Tell me Purchase return journal entry.?

Junior Process Associate Interview Questions & Answers

user image Dharshini Udhayasankar

posted on 30 Nov 2024

Interview experience
4
Good
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed before Nov 2023. There was 1 interview round.

Round 1 - Technical 

(5 Questions)

  • Q1. As for the position of AP they asked accounting relating questions such as golden rules,journal enteries, Enteries in balance sheet etc.,
  • 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

  • Answered by AI
  • 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

  • Answered by AI
  • 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

  • Answered by AI
  • Q5. Credit sales journal enteries.?

Interview Preparation Tips

Interview preparation tips for other job seekers - Interview Process was easy and friendly
Interview experience
4
Good
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed before Oct 2022. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

It was easy. Only basic aptitude will be checked.

Round 3 - Typing Test 

(1 Question)

  • Q1. Typing test would follow after aptitude test
Round 4 - Technical 

(1 Question)

  • Q1. Basic questions from the paper we have chosen eg I applied for AP process so they asked about balance sheet, ledger, enteries etc .

Interview Preparation Tips

Interview preparation tips for other job seekers - IQ is really a good company I work with.

IQ BackOffice interview questions for designations

 Process Associate

 (2)

 Senior Process Associate

 (2)

 Junior Analyst

 (1)

 Accounts Payable Associate

 (1)

 Transaction Processing Associate

 (1)

 Delivery Manager

 (1)

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. What is capital market
  • Ans. 

    Capital market refers to a financial market where long-term securities like stocks and bonds are bought and sold.

    • Capital market is a segment of the financial market.

    • It facilitates the buying and selling of long-term securities such as stocks, bonds, and derivatives.

    • It provides a platform for companies and governments to raise capital by issuing securities.

    • Investors can invest their money in these securities to earn ret...

  • Answered by AI
  • Q2. What is money market
  • Ans. 

    Money market refers to a segment of the financial market where short-term borrowing and lending of funds take place.

    • Money market deals with highly liquid and low-risk instruments.

    • It provides a platform for governments, financial institutions, and corporations to manage their short-term cash needs.

    • Examples of money market instruments include Treasury bills, commercial paper, certificates of deposit, and repurchase agree...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Basic knowledge of capital markets and stock market
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
More than 8 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed before Aug 2023. There were 3 interview rounds.

Round 1 - Aptitude Test 

Basic engling testing mail writing

Round 2 - HR 

(1 Question)

  • Q1. Previous past experience, what you know about corporate actions types etc.
Round 3 - One-on-one 

(1 Question)

  • Q1. More about past experience, corporate actions, family background etc
Interview experience
4
Good
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Apr 2022. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

Basic details of accounts and email writing

Round 3 - HR 

(5 Questions)

  • Q1. Tell me about your self
  • Q2. Why do you want to join this company
  • Q3. Why I choose you
  • Q4. Your strength and weakness
  • Q5. Some basic accounts rule like what is equity and derivatives
Round 4 - One-on-one 

(2 Questions)

  • Q1. Reason for searching job
  • Ans. 

    Looking for growth opportunities and a challenging work environment.

    • Seeking a role that aligns with my career goals and allows me to utilize my skills and experience.

    • Interested in exploring new industries and expanding my knowledge.

    • Want to work in a dynamic and fast-paced environment that encourages innovation and creativity.

    • Looking for a company that values employee development and provides opportunities for advanceme...

  • Answered by AI
  • Q2. Your 5 year goal?

Interview Preparation Tips

Interview preparation tips for other job seekers - Be self confident and give answer with confidence.

IQ BackOffice Interview FAQs

How many rounds are there in IQ BackOffice Junior Process Associate interview?
IQ BackOffice interview process usually has 3 rounds. The most common rounds in the IQ BackOffice interview process are Technical, Aptitude Test and Resume Shortlist.
How to prepare for IQ BackOffice Junior Process Associate interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at IQ BackOffice. The most common topics and skills that interviewers at IQ BackOffice expect are Accounts Payable, Accounts Receivable, Finance and General Accounting.
What are the top questions asked in IQ BackOffice Junior Process Associate interview?

Some of the top questions asked at the IQ BackOffice Junior Process Associate interview -

  1. In which side the furniture would in balance shee...read more
  2. Tell me Purchase return journal entr...read more
  3. Tell me the golden rule...read more

Tell us how to improve this page.

IQ BackOffice Junior Process Associate Interview Process

based on 4 interviews

Interview experience

4.3
  
Good
View more
Join IQ BackOffice Automate, reengineer and streamline the complex financial processes.

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IQ BackOffice Junior Process Associate Salary
based on 111 salaries
₹1 L/yr - ₹3 L/yr
21% less than the average Junior Process Associate Salary in India
View more details

IQ BackOffice Junior Process Associate Reviews and Ratings

based on 24 reviews

3.5/5

Rating in categories

3.8

Skill development

3.0

Work-life balance

3.0

Salary

3.4

Job security

3.0

Company culture

2.7

Promotions

3.4

Work satisfaction

Explore 24 Reviews and Ratings
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