Principal Global Services Process Associate Interview Questions and Answers for Freshers

Q1. Introduction and education background
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Q1. Please introduce yourself.
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Q2. What is the journal entry for Sale, Purchase, depreciation.
Ans. 
Journal entry for Sale, Purchase, depreciation
• Sale: Debit Accounts Receivable/Cash, Credit Sales Revenue

• Purchase: Debit Inventory, Credit Accounts Payable/Cash

• Depreciation: Debit Depreciation Expense, Credit Accumulated Depreciation
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Q3. How prepaid expenses are shown in accrual accounting concept?
Ans. 
Prepaid expenses are shown as assets on the balance sheet in accrual accounting concept.
• Prepaid expenses are initially recorded as assets on the balance sheet when paid in advance.

• They are gradually expensed over time as the benefit is received.

• As the prepaid expense is consumed, it is recognized as an expense on the income statement.

• Examples include prepaid rent, insurance premiums, and prepaid subscriptions.
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Q4. Explain formulae of Excel - Sumif, Vlookup and Pivot table
Ans. 
Sumif adds up values based on a single condition, Vlookup searches for a value in a table and returns a corresponding value, Pivot table summarizes data from a larger table
• Sumif formula: =SUMIF(range, criteria, [sum_range])

• Vlookup formula: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

• Pivot table: used to summarize, analyze, explore, and present data
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Q5. How do you see your future in next 2-5 years?
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Basic mathematics questions and email writing.

Q1. Interview with HR
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Q1. Final interview with Manager
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Q2. Tell me about yourself
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Q3. Are you comfortable with night shift
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Q4. Why should we hire you
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Q1. Introduction and education background
Add your answer

Q1. Please introduce yourself.
Add your answer
Q2. What is the journal entry for Sale, Purchase, depreciation.
Ans. 
Journal entry for Sale, Purchase, depreciation
• Sale: Debit Accounts Receivable/Cash, Credit Sales Revenue

• Purchase: Debit Inventory, Credit Accounts Payable/Cash

• Depreciation: Debit Depreciation Expense, Credit Accumulated Depreciation
Answered by AI
Add your answer
Q3. How prepaid expenses are shown in accrual accounting concept?
Ans. 
Prepaid expenses are shown as assets on the balance sheet in accrual accounting concept.
• Prepaid expenses are initially recorded as assets on the balance sheet when paid in advance.

• They are gradually expensed over time as the benefit is received.

• As the prepaid expense is consumed, it is recognized as an expense on the income statement.

• Examples include prepaid rent, insurance premiums, and prepaid subscriptions.
Answered by AI
Add your answer
Q4. Explain formulae of Excel - Sumif, Vlookup and Pivot table
Ans. 
Sumif adds up values based on a single condition, Vlookup searches for a value in a table and returns a corresponding value, Pivot table summarizes data from a larger table
• Sumif formula: =SUMIF(range, criteria, [sum_range])

• Vlookup formula: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

• Pivot table: used to summarize, analyze, explore, and present data
Answered by AI
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Q5. How do you see your future in next 2-5 years?
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You will get some normal question which you get in govt. Exams like reasoning and English.
Also they can ask some questions regarding your work if you are applying on behalf of any specific skills.

Q1. 2nd round is with Manager. Manager will ask you about your previous experience and you will get the questions related to your domain if you are applying on the basis of specific skills.
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