Metriqe Solutions Interview Questions, Process, and Tips

Q1. Can you tell me about yourself?
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Q2. Are you comfortable working night shifts?
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Q1. Golden rule of accounting?
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Q2. What are the journal entries for purchases?
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Q3. What is the process of bank reconciliation?
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Q1. What are your salary expectations?
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Q1. You can study Golden Roles, Prepaid expenses, Accruals, BRS, Journal Entries
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Q2. What is Accrual? Then where it will come?
Ans. 
Accrual is a method of accounting where revenues and expenses are recognized when earned or incurred, regardless of when payment is received or made.
• Accrual accounting recognizes revenue when it is earned, not when payment is received

• Expenses are recognized when they are incurred, not when payment is made

• Accruals are recorded as adjusting entries at the end of an accounting period

• Examples of accruals include salaries o...read more
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Q3. What is prepaid expenses? Give some examples
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Prepaid expenses are payments made in advance for goods or services that will be received in the future.
• Prepaid expenses are recorded as assets on the balance sheet until the goods or services are received.

• Examples of prepaid expenses include prepaid rent, prepaid insurance, and prepaid subscriptions.

• Prepaid expenses are typically amortized over the period in which the goods or services are received.

• Prepaid expenses ca
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They will ask some accountancy related questions, maths questions, reasoning questions like that.

Q1. About your self
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Q2. Process Explanation of previous experience
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Q1. Journal Entries
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Q2. P2P, Bank Reconciliation, RTR
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Q3. Previous Process Explanation
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I will explain the previous process I followed in my accounting role.
• I maintained accurate financial records by recording transactions in the general ledger.

• I prepared financial statements such as balance sheets and income statements.

• I reconciled bank statements and ensured all accounts were balanced.

• I communicated with clients and vendors to resolve any discrepancies or issues.

• I followed company policies and procedure
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Q1. What is accrual
Ans. 
Accrual refers to the recognition of revenue and expenses when they are incurred, regardless of when cash is exchanged.
• Accrual accounting matches revenues with expenses in the same accounting period

• It provides a more accurate representation of a company's financial position

• Examples include recognizing revenue when a service is performed, even if payment is not received yet
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Q2. What is golden rules
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Golden rules are basic principles of accounting that serve as the foundation for recording financial transactions.
• Golden rules include the principles of Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; and Debit expenses and losses, Credit income and gains.

• These rules help ensure accurate and consistent recording of financial transactions in accounting.

• For example, when a business receiv...read more
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Q3. Prepaid expenses journal entry
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Q1. Basic details about us
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Q2. Technical questions about our domain
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