Packaid Senior Accountant Interview Questions and Answers

Q1. What is accrual system of accounting
Ans. 
The accrual system of accounting recognizes revenues and expenses when they are incurred, regardless of cash flow.
• Revenues are recorded when earned, not when cash is received. Example: A service is provided in December, but payment is received in January.

• Expenses are recorded when incurred, not when paid. Example: A company receives a utility bill in January for December's usage.

• This method provides a more accurate fin...read more
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Q1. ACCOUNTING & FINANCE
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Q2. SALE, PURCHASE, BANK STATEMENT , JOURNAL VOCHER, TDS, GST , ETC....
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Q3. FREIGHT & LOGISTICS
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Q4. Billing
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Q1. Introduction,whole details about account, difference between payable and receivable in short all details about finance and accounting
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Q1. Abt ur self , strength
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Q1. Accounts related questions asked
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Q1. What is P2P cycle
Ans. 
P2P cycle stands for Procure-to-Pay cycle, which is the process of obtaining and paying for goods and services.
• P2P cycle involves requisitioning, purchasing, receiving, and paying for goods or services.

• It starts with a purchase requisition, followed by purchase order creation, goods receipt, invoice verification, and ends with payment to the vendor.

• The cycle ensures that goods or services are ordered, received, and pai...read more
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Q1. HR can ask question about accounts
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Q2. Hr can query about my work experience
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Q3. HR can check my ability
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Q1. I will try to make understand our job role to the HR
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Q2. I will try to accept my job role to the HR
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Q3. I will try to full convence to the HR about skill
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Accounts