quatrro business support services Accounts Payable Associate Interview Questions and Answers

Q1. Self Introduction
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Q2. Previous role and JD
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Q3. Flexible with night shift
Ans. 
Yes, I am flexible with night shifts and have previous experience working during those hours.
• I have no issues working night shifts and can adjust my schedule accordingly.

• I have worked night shifts in my previous job and have experience handling tasks during those hours.

• I understand the importance of being available during night shifts to ensure smooth operations.
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Q1. Self Introduction
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Q2. Journal entries
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Q3. Previously used SAP T-codes
Ans. 
I have experience using SAP T-codes such as F-43, FB60, and MIRO.
• F-43 is used for entering a payment with reference

• FB60 is used for entering invoices

• MIRO is used for entering vendor invoices
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Q4. Asked about AP cycle
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Q5. What is Bad dept
Ans. 
Bad debt refers to money owed to a company that is unlikely to be paid back by the debtor.
• Bad debt is an uncollectible amount that a company has deemed as unlikely to be recovered.

• It is recorded as an expense on the company's income statement.

• Companies may write off bad debts to remove them from accounts receivable.

• Examples include customers who have declared bankruptcy or are insolvent.
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Q6. What is good will
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Goodwill is an intangible asset that represents the value of a company's reputation, brand, and customer relationships.
• Goodwill is recorded on a company's balance sheet when it acquires another company for a price higher than the fair market value of its net assets.

• It is considered an intangible asset because it cannot be physically measured or touched.

• Goodwill can be impaired if the value of the acquired company decre...read more
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Q7. Asked basic accounting questions
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Q1. Tell me about Yourself?
Ans. 
I am a detail-oriented and organized individual with experience in accounts payable and a passion for accuracy.
• I have worked in accounts payable for X years, where I have gained experience in processing invoices, reconciling accounts, and communicating with vendors.

• I am skilled in using accounting software such as X and Y, and I am comfortable working with spreadsheets.

• I am a quick learner and am always looking for way...read more
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Q1. Problem solving questions
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Q1. How do you done 3 way match
Ans. 
3 way match is a process used in accounts payable to ensure that the purchase order, invoice, and receiving report all match.
• Verify that the purchase order, invoice, and receiving report all have the same details such as quantity, price, and description.

• Resolve any discrepancies between the three documents before processing payment.

• Document any discrepancies and communicate with the appropriate parties to rectify the i...read more
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Q2. What is provision expense general entry
Ans. 
Provision expense general entry is the accounting entry made to recognize an estimated expense that has not yet been realized.
• Provision expense general entry is made to account for expenses that are likely to occur in the future but have not yet been incurred.

• It involves debiting the provision expense account and crediting the corresponding liability account.

• For example, a company may make a provision for bad debts by ...read more
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Q1. What is P2P process?
Ans. 
P2P process refers to the end-to-end process of procuring goods or services, from requisition to payment.
• P2P stands for Procure-to-Pay.

• It involves various steps such as requisitioning, purchasing, receiving, and paying for goods or services.

• The process typically starts with a purchase requisition, followed by supplier selection, purchase order creation, goods receipt, invoice verification, and finally, payment.

• P2P proc...read more
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It is included accounting base apptitude test

Q1. Tell me about yourself
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Q1. Accounting golden rules
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Q2. What is account payable
Ans. 
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts payable is a liability on the company's balance sheet.

• It represents the amount of money owed to suppliers for goods or services received but not yet paid for.

• Accounts payable is typically recorded as a current liability on the balance sheet.

• Examples of accounts payable include invoices f...read more
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Q3. What is depericiation
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Depreciation is the allocation of the cost of a tangible asset over its useful life.
• Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.

• It is used to spread out the cost of an asset over its useful life instead of expensing it all at once.

• Common methods of depreciation include straight-line, double-declining balance, and units of production.

• Example: A company purchases a deliver...read more
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Q4. Why you want to join wns
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Q1. What are your salary expectations?
Ans. 
I expect a competitive salary based on my experience and the responsibilities of the role.
• Research the average salary range for Accounts Payable Associates in your area

• Consider your level of experience and any additional qualifications you bring to the role

• Be prepared to negotiate and discuss your salary expectations

• Provide a range rather than a specific number to allow for flexibility
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Q2. What is your family background?
Ans. 
My family background is diverse and has shaped my values and work ethic.
• My parents come from different cultural backgrounds, which has exposed me to different perspectives and traditions.

• My father is a small business owner and my mother is a teacher, instilling in me a strong work ethic and a passion for learning.

• I have two siblings, and we have always supported and motivated each other to achieve our goals.

• Growing up,...read more
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Q3. Share details of your previous job.
Ans. 
I worked as an Accounts Payable Associate at XYZ Company.
• Processed invoices and ensured timely payments

• Managed vendor accounts and resolved any payment discrepancies

• Maintained accurate records of all financial transactions

• Assisted in month-end closing activities

• Collaborated with other departments to resolve invoice-related issues
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Q4. Why should we hire you?
Ans. 
I have the necessary skills, experience, and dedication to excel in this role.
• I have a strong background in accounts payable processes and procedures.

• I am highly detail-oriented and have a proven track record of accuracy in my work.

• I am proficient in using accounting software and have experience with various ERP systems.

• I am a quick learner and can adapt to new systems and processes easily.

• I am a team player and can ef...read more
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Q5. Why are you looking for a change?
Ans. 
I am looking for a change to explore new opportunities and challenges in my career.
• Seeking growth and advancement in my professional journey

• Interested in expanding my skill set and knowledge

• Want to work in a more dynamic and innovative environment

• Looking for better work-life balance

• Desire to contribute to a company with a strong mission and values
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Q6. Where do you see yourself in 5 years?
Ans. 
In 5 years, I see myself as a senior Accounts Payable Associate, taking on more responsibilities and contributing to the growth of the company.
• Advancing to a senior role in the Accounts Payable department

• Taking on more responsibilities and managing a team

• Contributing to process improvements and efficiency

• Continuing to develop my skills and knowledge in the field

• Building strong relationships with vendors and colleagues
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Q7. Tell me about yourself.
Ans. 
I am an experienced Accounts Payable Associate with a strong attention to detail and a track record of accuracy in processing invoices and payments.
• I have worked in the accounts payable department for the past five years, handling a high volume of invoices and ensuring timely payments.

• I am proficient in using accounting software such as QuickBooks and SAP to accurately record and track financial transactions.

• I have a s...read more
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Q8. Actually tcs good company
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It's all reasoning and English grammar questions

Q1. Give me introduction
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It's aptitude test.no negative marking.its has English propeciancy test

Q1. Tell me about your self
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Q1. Why we hiring you
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