Quest Global Associate Account Manager Interview Questions and Answers

Q1. About accounts golden rules
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Q2. About previous company invoice processing
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Q1. Journal entry for prepaid expenses
Ans. 
Journal entry for prepaid expenses involves debiting Prepaid Expense account and crediting Cash or Bank account.
• Prepaid expenses are expenses paid in advance but not yet incurred.

• To record prepaid expenses, debit the Prepaid Expense account and credit Cash or Bank account.

• Example: Journal entry for prepaid rent of $1,200 would be: Debit Prepaid Rent $1,200 and Credit Cash/Bank $1,200.
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Q2. Journal entry for dividend
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Journal entry for dividend involves debiting retained earnings and crediting dividends payable or cash account.
• Debit retained earnings to decrease equity

• Credit dividends payable or cash account to show payment to shareholders

• Dividends are not an expense, but a distribution of profits

• Journal entry: Debit Retained Earnings, Credit Dividends Payable or Cash
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Q1. Introduce your self and experience
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Q2. Motivation for applying job
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Campaign idea needed

Q1. Why you want to join
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I want to join because I have a strong background in accounts management and I am excited about the opportunity to contribute to the growth and success of the company.
• I have several years of experience in accounts management and have successfully handled large client portfolios.

• I am highly skilled in financial analysis, budgeting, and forecasting, which are essential for the role of an Accounts Manager.

• I am motivated b...read more
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Q2. Tell me about yourself
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I am an experienced Accounts Manager with a strong background in financial management and team leadership.
• Over 10 years of experience in managing accounts and financial operations

• Proven track record of successfully leading teams and achieving financial targets

• Expertise in budgeting, forecasting, and financial analysis

• Proficient in using accounting software such as QuickBooks and Excel

• Strong communication and interperso...read more
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Q1. What is your strength
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Q1. Why do you want to work here
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Q1. 1. Introduce your Self 2. Golden Rules of Accounts (3 Golden Rules)
Ans. 
I am a Senior Accountant with expertise in financial reporting and analysis.
• The three golden rules of accounts are: a) Debit the receiver, credit the giver b) Debit what comes in, credit what goes out c) Debit all expenses and losses, credit all incomes and gains

• These rules are the foundation of double-entry bookkeeping and ensure accuracy in financial transactions.

• For example, if a company purchases inventory on credi...read more
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Q1. 1. Introduce yourself 2. Tell me about the process of your previous organization? 3. Do you have any Excel knowledge?
Ans. 
I am a Senior Accountant with experience in managing financial processes and proficient in Excel.
• Managed financial processes including budgeting, forecasting, and reporting

• Ensured compliance with accounting standards and regulations

• Collaborated with cross-functional teams to streamline processes and improve efficiency

• Proficient in Excel for data analysis and reporting

• Developed and implemented internal controls to mitig
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It was a easy to moderate test.

Grouobof abkut 7 in each group.

Q1. Tell About yourself?
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Q2. What is your projects?
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