Livpure Interview Questions, Process, and Tips for Experienced

Account receivable , discussion was on Ecom platform as well as Modern trade,GT,CSD,CPC .

Q1. Good group discussion
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Q2. Material management
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Q1. About the Market Analysis and know the Potential Dealer List Area Wise that's it
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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...read more
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Q2. What is the process of Accounts Payable (AP)?
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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
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Q3. What is the role of GST and TDS compliance in an Accounts Payable (AP) position?
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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
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Q4. Golden rule of accounting
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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
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Q5. Why is there a need to make a provision
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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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Q1. Ask about salary expectations
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Q2. Ask about previous organization experiences.
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Q1. Asking about the last experience
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Q2. Ask about the skills
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Q1. About my profile
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Q2. About my previous expriance
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Q1. How you do this job
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