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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 appeared for an interview 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 appeared for an interview 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

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Interview questions from similar companies

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(2 Questions)

  • Q1. Basic Qustions JS
  • Q2. Intermediate topics JS

Interview Preparation Tips

Interview preparation tips for other job seekers - All good very relevant questions asked based on project

I appeared for an interview in Jan 2021.

Interview Questionnaire 

3 Questions

  • Q1. Past Experience
  • Q2. Handling market
  • Q3. Market durability

Interview Preparation Tips

Interview preparation tips for other job seekers - Just feel free to speak about your past job, automatically you'll be the one

Assistant Manager Interview Questions & Answers

IFB user image Supriya Chowdhary

posted on 29 Nov 2017

Interview Questionnaire 

1 Question

  • Q1. WHY DO YOU WANT TO JOIN IFB WHERE DO YOU SEE YOURSELF IN NEXT 10 YEARS
  • Ans. 

    I want to join IFB because of its reputation for innovation and growth. In 10 years, I see myself as a successful leader within the company.

    • IFB's reputation for innovation and growth aligns with my career goals

    • I am excited about the opportunity to contribute to a dynamic team

    • In 10 years, I envision myself as a successful leader within IFB, driving strategic initiatives and mentoring others

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: EXCELLENT PRESENTATION

Interview Questionnaire 

2 Questions

  • Q1. Basic HVAC knowledge like how Airconditioning works?
  • Q2. What exactly your profile in your current company?
  • Ans. 

    I am currently working as a Senior Sales Executive in my current company.

    • Responsible for managing a team of sales representatives

    • Developing and implementing sales strategies to achieve targets

    • Building and maintaining relationships with key clients

    • Analyzing market trends and competitor activities

    • Preparing sales reports and presenting them to senior management

  • Answered by AI

I applied via Walk-in and was interviewed before Apr 2020. There were 5 interview rounds.

Interview Questionnaire 

5 Questions

  • Q1. How Manage Team
  • Q2. How Buisness Growth in Yours Area
  • Ans. 

    Business growth in my area is steady and promising.

    • The local economy is thriving with new businesses opening up regularly.

    • Tourism is a major contributor to the growth of the area.

    • The government is investing in infrastructure to support business growth.

    • The population is growing, creating more demand for goods and services.

    • There is a strong sense of community support for local businesses.

  • Answered by AI
  • Q3. What is Importance Of Company Culture
  • Ans. 

    Company culture is crucial for employee satisfaction, productivity, and retention.

    • Defines the company's values, beliefs, and behaviors

    • Shapes the work environment and employee experience

    • Impacts employee motivation, engagement, and performance

    • Influences recruitment, retention, and organizational success

  • Answered by AI
  • Q4. How Stock management
  • Ans. 

    Stock management involves monitoring and controlling inventory levels to ensure efficient operations.

    • Regularly monitoring inventory levels

    • Forecasting demand and adjusting stock levels accordingly

    • Implementing inventory control systems

    • Minimizing stockouts and overstocking

    • Analyzing sales data to optimize inventory levels

  • Answered by AI
  • Q5. Employee Future in Company

Interview Preparation Tips

Interview preparation tips for other job seekers - Brand Start From Basis Work firstly Covrage Mostly Area Create Strong Distributor With Good Team
Comany Every Time Work with company cultre. Its So help full Employee and buisness partner.

Sales Plan shoud we ready as store catogory wise its dipend on stores potentiol & competetion check plans

I applied via Naukri.com and was interviewed in May 2019. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Questions were asked on Lean, six sigma, process capability, QC, kaizens etc.

Interview Preparation Tips

Interview preparation tips for other job seekers - Listen carefully and than give answers. Answers should be crisp and to the point.

I applied via Company Website and was interviewed before Feb 2021. There was 1 interview round.

Round 1 - Technical 

(1 Question)

  • Q1. How to make purchases order
  • Ans. 

    To make a purchase order, follow these steps:

    • Identify the need for the purchase

    • Determine the quantity and specifications of the item

    • Obtain quotes from vendors

    • Select a vendor and negotiate terms

    • Create the purchase order with vendor details, item details, and payment terms

    • Obtain approval from authorized personnel

    • Send the purchase order to the vendor

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - I' worked in Ams electricals from 20to 22till as accountant
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I appeared for an interview before Mar 2024, where I was asked the following questions.

  • Q1. Your experience in the current profile
  • Q2. Why do you want to join IFB

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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