Mahansaria Group Senior Executive Interview Questions and Answers

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 balance sheet

• It represents the company's obligation to pay off short-term debts to suppliers

• It is typically recorded when an invoice is received from a supplier

• Examples include bills for raw materials, utilities, or services rendered

GRIR stands for Goods Receipt/Invoice Receipt account, used to track discrepancies between goods received and invoices received.

• GRIR account is used in accounting to track discrepancies between goods received and invoices received.

• It helps in reconciling the differences between the quantity of goods received and the quantity invoiced.

• Any discrepancies in prices or quantities are recorded in the GRIR account until they ...read more

Training procedure involves identifying training needs, designing training programs, delivering training sessions, and evaluating training effectiveness.

• Identify training needs by conducting a training needs assessment

• Design training programs based on identified needs and learning objectives

• Deliver training sessions using various methods such as lectures, workshops, simulations, etc.

• Evaluate training effectiveness thro...read more