M&G Global Services
DKSH Interview Questions and Answers
Q1. If there is credit in BRS from unknown source,so how will you identify this
To identify credit in BRS from unknown source, analyze transaction details, check for missing invoices or receipts, and investigate further.
Review transaction details in BRS for any clues or references to the unknown source
Check for missing invoices or receipts that could potentially explain the credit
Investigate further by reaching out to relevant departments or vendors for clarification
Compare the credit amount with other transactions to look for patterns or anomalies
Docume...read more
Q2. How do you categorize open item in BRS
Open items in BRS are categorized based on their nature and status, such as outstanding checks, deposits in transit, bank errors, etc.
Categorize open items as per their nature, such as outstanding checks, deposits in transit, bank errors, etc.
Assign status to open items like reconciled, unreconciled, in progress, etc.
Keep track of any discrepancies or issues related to open items for further investigation.
Regularly update and reconcile open items to ensure accuracy in the ban...read more
Q3. How do you reconcile a particular ledger
Reconciling a ledger involves comparing and adjusting the balances to ensure they match.
Gather all relevant financial documents and records
Compare the transactions in the ledger with the corresponding entries in the bank statement
Identify any discrepancies or errors
Adjust the balances by making corrections or journal entries
Ensure that the ending balances match after reconciliation
Q4. What is Intercompany reconciliation
Intercompany reconciliation is the process of ensuring that transactions between different entities within the same company are accurately recorded and balanced.
It involves comparing and matching transactions between intercompany accounts to identify and resolve any discrepancies.
Common discrepancies include differences in amounts, timing, or recording errors.
The goal is to ensure that the financial statements of each entity accurately reflect the transactions and balances wi...read more
Q5. Rent paid for 3 months journal entry
Rent paid for 3 months journal entry involves debiting Rent Expense and crediting Cash or Accounts Payable.
Debit Rent Expense account for the total rent amount paid for 3 months
Credit Cash account if rent is paid in cash or Accounts Payable if rent is paid on credit
Include the dates of the rent payments in the journal entry
Ensure the journal entry is balanced with debits equaling credits
Q6. What is bank reconciliation
Bank reconciliation is the process of comparing a company's records to its bank statement to ensure they match.
Bank reconciliation involves comparing the company's internal financial records with the bank statement to identify any discrepancies.
It helps in identifying errors, fraud, or missing transactions.
Adjustments are made to the company's records to reconcile the differences between the two sets of data.
Common items in a bank reconciliation include outstanding checks, de...read more
Q7. Experience in Record to report
Experience in Record to report involves reconciling financial data from various sources to ensure accuracy and compliance.
Experience in preparing financial statements and reports
Ability to analyze and reconcile data from different systems
Knowledge of accounting principles and regulations
Experience in identifying and resolving discrepancies
Proficiency in using accounting software and tools
Q8. Any process improvement
Implemented automated reconciliation process resulting in 50% reduction in errors
Identify bottlenecks in current reconciliation process
Implement automation tools to streamline data matching
Regularly review and update reconciliation procedures
Provide training to staff on new processes and tools
Q9. Greatest achievement till date
My greatest achievement till date is successfully leading a team to implement a new reconciliation system, resulting in a 20% increase in efficiency.
Led a team to implement a new reconciliation system
Achieved a 20% increase in efficiency
Received recognition from senior management for the successful project completion
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