Mynd Solutions Private Interview Questions, Process, and Tips

There are three types of GST in India: CGST, SGST, and IGST.

• CGST (Central Goods and Services Tax) is levied by the central government on intra-state supplies of goods and services.

• SGST (State Goods and Services Tax) is levied by the state government on intra-state supplies of goods and services.

• IGST (Integrated Goods and Services Tax) is levied by the central government on inter-state supplies of goods and services.

Reconciliation is the process of comparing two sets of records to ensure they are in agreement and accurate.

• Reconciliation involves verifying financial transactions, balances, or statements to ensure they match up.

• It is commonly used in accounting to ensure that the company's financial records are accurate and complete.

• Examples include reconciling bank statements with internal records, reconciling accounts receivable w...read more

We would manually enter the invoice details into the computer system to ensure accurate record-keeping.

• Manually enter the invoice details into the computer system

• Verify the accuracy of the entered information

• Contact the vendor to address any discrepancies

Bill To Ship To model is a business model where the billing address and shipping address are different.

• It is commonly used in e-commerce and wholesale businesses.

• The buyer provides the billing address and the seller ships the product to a different address provided by the buyer.

• It is useful for gifting purposes or when the buyer wants to ship the product to a different location.

• It requires additional documentation and ...read more

P2P Cycle is the process of procuring goods or services from a supplier and paying for them.

• The process starts with identifying the need for goods or services.

• Then, a purchase order is created and sent to the supplier.

• The supplier delivers the goods or services and sends an invoice.

• The invoice is matched with the purchase order and goods receipt.

• The invoice is approved for payment and payment is made to the supplier.

• Fi...read more

Expectation regarding slurry is to have a consistent and well-mixed texture for optimal performance.

• Expect slurry to have a smooth and uniform consistency.

• Ensure slurry is well-mixed to prevent any separation of components.

• Expect slurry to be free of any lumps or clumps.

• Consistency of slurry should be suitable for the intended application.

• Monitor slurry viscosity to ensure it meets desired specifications.