Milliman Senior Accounts Payable Executive Interview Questions and Answers

Question regarding accounting entries, gst, foreign payment and assy type quest etc

Q1. Tds on goods purchased on above 50 lac
Ans. 
TDS on goods purchased above 50 lac is applicable at the rate of 1% under section 194Q of the Income Tax Act.
• TDS is deducted at the rate of 1% on the total value of goods purchased if it exceeds 50 lac in a financial year.

• Section 194Q of the Income Tax Act governs TDS on purchase of goods.

• The responsibility of deducting TDS lies with the buyer of the goods.

• The TDS amount deducted needs to be deposited with the governme...read more
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Q2. Gst on workman compensation
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Q1. Monthly routine in current company
Ans. 
In my current company, the monthly routine involves processing invoices, reconciling accounts, preparing reports, and communicating with vendors.
• Processing invoices received from vendors

• Reconciling accounts to ensure accuracy

• Preparing monthly financial reports

• Communicating with vendors regarding payment status

• Reviewing and approving expense reports
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Q2. Why leaving yout current company
Ans. 
Seeking new challenges and growth opportunities
• Desire for career advancement

• Looking for a more challenging role

• Seeking new learning opportunities

• Company restructuring led to changes in job responsibilities
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Q3. Introducing yourself
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