Larsen & Toubro Limited Store Incharge Interview Questions and Answers for Experienced

Q1. The first round was technical and it was a hard round as your concept of sap should be clear
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Q2. Why do u maintain Reconcilation a/c?
Ans. 
Reconciliation accounts are maintained to ensure accuracy and consistency in financial records.
• Helps in identifying discrepancies between different accounts

• Ensures accuracy and consistency in financial statements

• Facilitates easy tracking of transactions and balances

• Aids in detecting errors or fraud in accounting records
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Q3. FI MM Integration, FI SD Integration?
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Q4. What we maintain on company code lvl and client level and why?
Ans. 
Company code level is maintained for global settings applicable to all clients, while client level is maintained for specific settings unique to each client.
• Company code level settings include currency, chart of accounts, and fiscal year variants.

• Client level settings include customer master data, vendor master data, and sales organization data.
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Q5. Phases of blueprint, tables
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Blueprint phases include planning, designing, and implementation. Tables are used to organize data in a structured format.
• Blueprint phases: planning, designing, implementation

• Tables: organize data in structured format

• Examples: creating a blueprint for a new building, using tables in a database to store information
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Q1. Manager round some kind of behavioural check and some technical question asked as they give u scenerio about the work and some accounting questions
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Q2. General Entries, P2P, OTC, RTR
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Q3. What bank Reconcilation and validations
Ans. 
Bank reconciliation involves comparing the bank statement with the company's records to ensure they match, while validations involve verifying the accuracy and completeness of financial transactions.
• Bank reconciliation ensures that the company's records match the bank statement by comparing deposits, withdrawals, and other transactions.

• Validations involve verifying the accuracy and completeness of financial transaction...read more
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Q1. The last round was hr
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Q2. Some kind of behavioural check, salary discussions, terms and conditions but one thing here the hr round is not a formality round as u have to give full impression over there dont take it simple
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DI LR questions were asked mostly

Q1. It was a generic human resource interview
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Q1. Tell me about yourself.
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Q2. What are your salary expectations?
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Q3. Share details of your previous job.
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Q4. Store related work experience
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Q1. Stores operation
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Q2. What is supply chain
Ans. 
A supply chain is a network of organizations involved in the process of producing and delivering a product or service to the end customer.
• Involves all stages from raw material sourcing to final delivery

• Includes suppliers, manufacturers, distributors, retailers, and customers

• Focuses on efficiency, cost-effectiveness, and customer satisfaction
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Q3. How to control inventory
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Effective methods to control inventory include implementing inventory management software, conducting regular audits, setting reorder points, and utilizing just-in-time inventory.
• Implementing inventory management software to track stock levels and streamline ordering processes

• Conducting regular audits to identify discrepancies and prevent stockouts or overstocking

• Setting reorder points to automatically replenish invent...read more
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Q4. How to reduce non moving
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Implementing strategies like ABC analysis, just-in-time inventory, and regular inventory audits can help reduce non-moving inventory.
• Conduct an ABC analysis to categorize inventory based on value and prioritize management efforts.

• Implement just-in-time inventory practices to reduce excess stock and minimize non-moving inventory.

• Regularly review and update inventory levels to prevent overstocking and identify slow-movin...read more
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Q5. I we hire you
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