PhonePe Accounts & Finance Executive Interview Questions and Answers for Experienced

Q1. Basic info about experiance
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Q1. Lots of rapid fire round type questions.
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Q1. Don't remember interview questions
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Q1. Don't remember interview questions
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Basic accounting questions

Q1. What is Accrual?
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Accrual is a method of accounting where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.
• Accrual accounting recognizes revenue when it is earned, not when it is received.

• Expenses are recognized when they are incurred, not when they are paid.

• Accrual accounting provides a more accurate representation of a company's financial position and performance.

• Examples includ...read more
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Q2. What is general ledger?
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General ledger is a complete record of financial transactions of a company, organized by accounts.
• It contains all debit and credit entries for each account in the company's chart of accounts.

• It is used to prepare financial statements like the balance sheet and income statement.

• Entries in the general ledger are usually recorded using double-entry accounting.

• Examples of general ledger accounts include cash, accounts rece
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Q3. What is GAP and principles of revenue recognition
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GAP refers to Generally Accepted Accounting Principles and revenue recognition principles dictate when and how revenue should be recorded.
• GAP is a set of accounting standards used to ensure consistency in financial reporting.

• Revenue recognition principles determine the timing and amount of revenue that should be recorded.

• Revenue is typically recognized when it is earned and realized or realizable.

• Examples of revenue re...read more
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Q1. What are your long term goals?
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Q2. Why do you want to start with Accounting?
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I have a passion for numbers and problem-solving, and I believe accounting is the foundation of finance.
• I enjoy working with numbers and analyzing financial data.

• I have strong attention to detail and organizational skills, which are essential in accounting.

• I believe accounting is the language of business and provides a solid foundation for a career in finance.

• I am interested in helping businesses make informed financia...read more
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Q1. 1. General Question ( Name and all that) 2. Basic Maths ( square root of 2 3 4 5)
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Q2. 3. What is OTC and the process of OTC? 4. Why we hire you and what is your in the next 5 years
Ans. 
OTC stands for Over-The-Counter. It refers to the trading of financial instruments directly between two parties without the involvement of an exchange.
• OTC trading involves direct communication between the buyer and seller, without the need for a centralized exchange.

• OTC markets are less regulated than exchange-traded markets.

• OTC trading is common in the foreign exchange, bond, and derivatives markets.

• The process of OTC...read more
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