Laksh Source Business Solutions Business Associate Interview Questions and Answers

Q1. Eligibility test
Add your answer

Q1. Tell me about yourself
Add your answer

English Assesment test

Q1. Why do you want to join in this role.
Add your answer

Q1. HR told me that my offer letter will be released since then no response to my calls from the Accenture Manikonda Hyderabad centre.
Add your answer

Q1. What is provision?
Ans. 
Provision is an amount set aside for future expenses or losses.
• Provision is a financial term used to allocate funds for anticipated future expenses or losses.

• It is a reserve that is created to cover potential liabilities or risks.

• Provisions are typically made based on estimates and are recorded as expenses on the balance sheet.

• Examples of provisions include bad debt provision, warranty provision, and legal provision.

• Pr...read more
Answered by AI
View 1 more amswer
Q2. What is prepaid entries?
Ans. 
Prepaid entries are advance payments made for goods or services that are yet to be received or consumed.
• Prepaid entries are recorded as assets on a company's balance sheet.

• They represent future economic benefits that the company expects to receive.

• Examples of prepaid entries include prepaid rent, prepaid insurance, and prepaid subscriptions.

• These entries are initially recorded as a debit to the prepaid asset account an...read more
Answered by AI
View 2 more amswers
Q3. Describe procure to pay process?
Ans. 
Procure to pay process is a series of steps involved in purchasing goods or services, from identifying the need to making payment.
• Identify the need for goods or services

• Create a purchase requisition

• Obtain necessary approvals

• Select and negotiate with suppliers

• Create a purchase order

• Receive goods or services

• Verify and approve invoices

• Make payment to suppliers
Answered by AI
View 1 more amswer

Q1. What is Vlookup?
Ans. 
Vlookup is a function in Excel used to search for a value in a table and return a corresponding value from another column.
• Vlookup stands for 'vertical lookup'.

• It is commonly used to find and retrieve data from large datasets.

• The function requires four arguments: lookup value, table array, column index number, and range lookup.

• Vlookup can be used to perform approximate or exact matches.

• It is often used for tasks like me...read more
Answered by AI
Add your answer
Q2. What is pivot table?
Ans. 
A pivot table is a data summarization tool used in spreadsheet programs to organize and analyze large amounts of data.
• A pivot table allows users to rearrange and summarize data from a spreadsheet or database table.

• It helps in analyzing data by providing a way to group, sort, filter, and calculate data based on different criteria.

• Pivot tables are commonly used in data analysis, business intelligence, and reporting.

• They ...read more
Answered by AI
Add your answer
Q3. About SAP T codes?
Add your answer
Q4. PTP process in SAP
Ans. 
PTP process in SAP involves the end-to-end procurement process from requisition to payment.
• PTP stands for Procure-to-Pay.

• It includes activities like requisitioning, sourcing, purchasing, receiving, and payment.

• In SAP, PTP process starts with creating a purchase requisition.

• The requisition is then converted into a purchase order.

• Goods or services are received and verified against the purchase order.

• Invoices are matched ...read more
Answered by AI
Add your answer

Q1. Reason for changing the company?
Add your answer
Q2. What are your experiences?
Add your answer

It's good Knowledge and learn new pattern in aptitude test.

Group discussions One of the best experience. How to speak and understand the based on given topic.

Same topic explain the company staff

Explain the various topics in company

Q1. Tell me about your self
Ans. I'm Monisha, I'm studied at Mohammed Sathak of college art and science, course name,B.com,father name Ravi, mother name Pushpa, brother name is Dinesh, he studied .
Answered by R. MONISHA
Add your answer

Q1. Confidence test which was checked by tough que
Add your answer
Q2. Overloaded which cracked by same confidence
Add your answer

Q1. The first round was a basic introduction round with the HR you just need to share your career goals and be confident
Add your answer

Q1. Mainly related to contract law and team communication
Add your answer
Q2. Shared my knowledge and understanding of contract law pretaining to the questions and how communication in the right hierarchy is important in a corporate work place.
Add your answer

To check communication and listening skills