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Livpure
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I was interviewed in Nov 2023.
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
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...
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...
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...
I was interviewed before Feb 2024.
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...
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
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
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
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
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posted on 19 Sep 2023
I applied via Naukri.com and was interviewed in Mar 2023. There were 4 interview rounds.
MCQ question with no negative marking
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...
I applied via Referral and was interviewed in Mar 2024. There was 1 interview round.
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
I applied via Referral and was interviewed in Apr 2022. There were 2 interview rounds.
Good product knowledge Appliances
I applied via Naukri.com and was interviewed before Jan 2024. There was 1 interview round.
based on 2 interviews
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