LKQ INDIA Process Associate Interview Questions and Answers

Q1. What are your salary expectations?
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Q2. Share details of your previous job.
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Q3. Tell me about yourself.
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Normal Aptitude test which was related to more of finance, English grammar.

Q1. Go through your resume.
Ans. 
I have a diverse background with experience in various industries and roles.
• Worked as a customer service representative at XYZ Company for 2 years

• Managed a team of 5 sales associates at ABC Company

• Completed a project on process improvement during my internship at DEF Company

• Obtained a Bachelor's degree in Business Administration from University XYZ
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Q2. Golden rules of Accounting?
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The golden rules of accounting are basic principles that guide the recording of financial transactions.
• The first golden rule is the Debit-credit rule, which states that for every debit entry, there must be a corresponding credit entry.

• The second golden rule is the Real account rule, which states that all assets and liabilities have a debit balance and all incomes and expenses have a credit balance.

• The third golden rule...read more
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Q3. What is Procure to Pay cycle?
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Procure to Pay cycle is the process of acquiring goods or services from a vendor and paying for them.
• The cycle starts with identifying the need for a product or service.

• Then, a purchase requisition is created and sent for approval.

• Once approved, a purchase order is issued to the vendor.

• The vendor delivers the goods or services and an invoice is received.

• The invoice is verified and approved for payment.

• Finally, payment ...read more
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Q4. Whats is Accounts Payable and Receivables ?
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Accounts Payable and Receivables are financial terms used in business to track and manage money owed and money owed to the company.
• Accounts Payable refers to the money a company owes to its suppliers or vendors for goods or services received but not yet paid for.

• Accounts Receivable refers to the money owed to a company by its customers or clients for goods or services provided but not yet paid for.

• Accounts Payable and ...read more
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Q5. Salary discussion part.
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Q6. What do you know about company ?
Ans. 
The company is a leading provider of process outsourcing services.
• The company has been in operation for over 10 years.

• It has a global presence with offices in multiple countries.

• The company offers a wide range of process outsourcing services, including customer support, data entry, and back-office operations.

• They have a strong focus on quality and efficiency, using advanced technology and best practices.

• The company has...read more
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