Kalyaniwalla & Mistry Audit Assistant Interview Questions and Answers

Q1. Genral questions asked in an interview
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Exam regarding excel and Accounts

Q1. All accounts related questions and past experience related
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Logical & mathematical questions

Q1. What AP cycle in detail
Ans. 
The Accounts Payable (AP) cycle is the process of managing and recording a company's expenses and payments to vendors.
• Receive and verify invoices from vendors

• Record invoices in the accounting system

• Obtain approval for payment

• Generate payment to vendors

• Reconcile vendor statements with accounts payable records
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Q1. Salary Package, policies n all
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Q1. Purchase checklist in manufacturing entities
Ans. 
A purchase checklist in manufacturing entities ensures all necessary items are acquired for production.
• Identify required raw materials and components

• Check inventory levels to avoid overstock or stockouts

• Verify supplier credentials and negotiate prices

• Ensure timely delivery schedules are met

• Monitor quality of purchased items
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