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Livpure Accounts Payable Executive Interview Questions, Process, and Tips

Updated 1 Feb 2025

Top Livpure Accounts Payable Executive Interview Questions and Answers

Livpure Accounts Payable Executive Interview Experiences

2 interviews found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I was interviewed in Nov 2023.

Round 1 - One-on-one 

(4 Questions)

  • Q1. What is P2P cycle?
  • Ans. 

    P2P cycle refers to the Procure-to-Pay cycle, which is the process of obtaining and paying for goods and services.

    • Includes steps such as requisitioning, purchasing, receiving, invoicing, and payment

    • Involves creating purchase orders, receiving goods, matching invoices to purchase orders, and processing payments

    • Ensures that goods and services are obtained at the best possible price and paid for in a timely manner

  • Answered by AI
  • Q2. What is 2Way, 3Way & 4Way match
  • Ans. 

    2Way, 3Way, and 4Way match are methods used in accounts payable to ensure accuracy in matching invoices, purchase orders, and receiving documents.

    • 2Way match involves matching the invoice with the purchase order to ensure the prices and quantities match.

    • 3Way match involves matching the invoice with the purchase order and the receiving documents to ensure all three documents align.

    • 4Way match involves matching the invoice...

  • Answered by AI
  • Q3. What is Accounts payable?
  • Ans. 

    Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

    • Accounts payable is a liability on the company's balance sheet.

    • It represents the amount of money the company owes for goods or services received but not yet paid for.

    • Accounts payable is typically recorded when an invoice is received from a supplier.

    • It is an important part of the company's working...

  • Answered by AI
  • Q4. What is vendor reconciliation?
  • Ans. 

    Vendor reconciliation is the process of comparing the vendor's records with the company's records to ensure accuracy and resolve any discrepancies.

    • Vendor reconciliation involves matching invoices, payments, and statements from the vendor with the company's records.

    • It helps in identifying any discrepancies such as missing invoices, overpayments, or underpayments.

    • The process ensures that the company is paying the correct...

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I was interviewed before Feb 2024.

Round 1 - Technical 

(5 Questions)

  • Q1. What is the P2P (Procure-to-Pay) cycle?
  • Ans. 

    The P2P cycle refers to the process of procuring goods or services from a vendor, receiving and approving the invoice, and making payment.

    • The cycle starts with the procurement of goods or services from a vendor.

    • Once the goods or services are received, the invoice is generated and sent to the accounts payable department for approval.

    • After the invoice is approved, payment is made to the vendor.

    • The cycle ends with reconci...

  • Answered by AI
  • Q2. What is the process of Accounts Payable (AP)?
  • Ans. 

    The process of Accounts Payable involves receiving, verifying, and processing invoices for payment.

    • Receiving invoices from vendors

    • Verifying the accuracy of invoices against purchase orders and receipts

    • Obtaining approval for payment

    • Processing payments through the company's accounting system

    • Reconciling accounts payable sub-ledger with general ledger

  • Answered by AI
  • Q3. What is the role of GST and TDS compliance in an Accounts Payable (AP) position?
  • Ans. 

    GST and TDS compliance are essential in an AP position to ensure accurate tax reporting and adherence to government regulations.

    • Ensuring accurate calculation and timely payment of GST on vendor invoices

    • Deducting TDS as per government regulations on payments made to vendors

    • Maintaining proper documentation and records for GST and TDS compliance audits

    • Reconciling GST and TDS amounts with financial statements for reporting

  • Answered by AI
  • Q4. Golden rule of accounting
  • Ans. 

    The golden rule of accounting states that debit what comes in and credit what goes out.

    • Debit what comes in and credit what goes out

    • Assets = Liabilities + Equity

    • Revenue = Expenses + Net Income

  • Answered by AI
  • Q5. Why is there a need to make a provision
  • Ans. 

    Provisions are made to account for potential future expenses or losses that are uncertain but probable.

    • To account for potential future expenses or losses that are uncertain but probable

    • To ensure accurate financial reporting

    • To comply with accounting standards and regulations

    • To prevent understating liabilities or overestimating profits

    • To reflect a true and fair view of the company's financial position

    • Examples: Provision

  • Answered by AI

Accounts Payable Executive Interview Questions Asked at Other Companies

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asked in Genpact
Q2. What is 2 way match What is 3 way match What is p2p cycle What is ... read more
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Interview questions from similar companies

Deputy Manager Interview Questions & Answers

Godrej Appliances user image GUNDARAPU HARI RAMA KRISHNA

posted on 19 Sep 2023

Interview experience
3
Average
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Mar 2023. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Do not use an unprofessional email address such as cool_boy@email.com. It shows a lack of professionalism by the candidate.
View all tips
Round 2 - HR 

(1 Question)

  • Q1. About previous company and nature of job
Round 3 - One-on-one 

(1 Question)

  • Q1. Basic questions
Round 4 - One-on-one 

(1 Question)

  • Q1. ABOUT NATURE OF WORK
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - Aptitude Test 

MCQ question with no negative marking

Round 3 - One-on-one 

(2 Questions)

  • Q1. How you manage your territory , what was the channel process in previous company so on
  • Q2. How you appoint new dealers & distributors
  • Ans. 

    New dealers and distributors are appointed through a rigorous selection process based on their experience, reputation, and market reach.

    • Identify potential candidates through market research and referrals

    • Conduct interviews and evaluate their experience, reputation, and market reach

    • Negotiate terms and conditions of the partnership

    • Provide training and support to ensure success

    • Regularly monitor and evaluate performance

    • Make...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - It's basic interview nothing fancy. Just follow basics and it would be done
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Mar 2024. There was 1 interview round.

Round 1 - HR 

(3 Questions)

  • Q1. Telle about yourself
  • Q2. Why do you want to leave your previous company
  • Q3. Why do you want to work in skin care brand
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(2 Questions)

  • Q1. Tell me ur self
  • Ans. 

    I am a finance executive with 10 years of experience in managing financial operations and driving business growth.

    • 10 years of experience in finance

    • Expertise in financial operations

    • Proven track record of driving business growth

  • Answered by AI
  • Q2. Notice period and package

I applied via Referral and was interviewed in Apr 2022. There were 2 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 - One-on-one 

(2 Questions)

  • Q1. Area Nowlege and dealer relationship and business rules, target and achievement discussion rules
  • Q2. Previous company target and achievement discussion and business rules.

Interview Preparation Tips

Interview preparation tips for other job seekers - All retail Relationship in all area
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
-
Result
-
Round 1 - Technical 

(1 Question)

  • Q1. Its was normal discussion about previous experience. if seems suitable you will be selected

Interview Preparation Tips

Interview preparation tips for other job seekers - be honest about work
Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
Selected Selected
Round 1 - Group Discussion 

Good product knowledge Appliances

Round 2 - Technical 

(3 Questions)

  • Q1. Good communication of retail
  • Q2. Business develop of kanpur & unnao up country
  • Q3. Good relationship of delar
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed before Jan 2024. There was 1 interview round.

Round 1 - HR 

(2 Questions)

  • Q1. Tell me something about yourself
  • Q2. About job role

Interview Preparation Tips

Interview preparation tips for other job seekers - Good place for work and recommended

Livpure Interview FAQs

How many rounds are there in Livpure Accounts Payable Executive interview?
Livpure interview process usually has 1 rounds. The most common rounds in the Livpure interview process are One-on-one Round and Technical.
What are the top questions asked in Livpure Accounts Payable Executive interview?

Some of the top questions asked at the Livpure Accounts Payable Executive interview -

  1. What is the role of GST and TDS compliance in an Accounts Payable (AP) positi...read more
  2. What is the process of Accounts Payable (A...read more
  3. What is the P2P (Procure-to-Pay) cyc...read more

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Livpure Accounts Payable Executive Interview Process

based on 2 interviews

Interview experience

5
  
Excellent
View more

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