QX Global Services Senior Accounts Officer Interview Questions and Answers

Q1. Tell me about self and experience?
Ans. I am kavya hear, 8years experience of accounts and team work,good learned for lost previous company in Kirloskar Electric company.
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Q2. Why are you looking for a job change?
Ans. I am changing the job my Carrer professional growth and good work opportunities.
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Q3. What are your strengths and weaknesses ?
Ans. Strengths :-positive attitude and collaboractive Weaknesses :-public speaking and self criticism
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Q1. What is Accounts 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 balance sheet

• It represents the amount of money owed by a company to its suppliers or vendors

• It is typically recorded when goods or services are received but payment has not yet been made

• Accounts payable is an important part of a company's working capital man
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Q2. What is Bank reconcilation statment
Ans. 
Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
• It is used to identify any discrepancies between the two sets of records.

• It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

• The goal is to ensure the accuracy of the company's financial records and the bank's records.

• Once discrepancies are identifi...read more
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Q1. What is bad bebt
Ans. 
Bad debt refers to money owed to a company that is unlikely to be paid by the debtor.
• Bad debt is a financial loss for the company.

• It is usually the result of customers who are unable or unwilling to pay their debts.

• Companies often have to write off bad debts as uncollectible.

• Bad debt can negatively impact a company's financial statements and cash flow.

• Examples include unpaid invoices, defaulted loans, and overdue payme
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Q2. What is accounts
Ans. 
Accounts refer to financial records that track the financial activities of a business or individual.
• Accounts are used to record transactions such as income, expenses, assets, and liabilities.

• They help in analyzing the financial health of an entity and making informed decisions.

• Examples of accounts include cash account, accounts receivable, accounts payable, and equity accounts.
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Q1. Introduction About our self
Ans. 
I am a dedicated and experienced Executive Accountant with a strong background in financial management and strategic planning.
• I have over 10 years of experience in accounting and finance

• I have a proven track record of successfully managing budgets and financial reporting

• I am skilled in financial analysis and forecasting

• I have a strong understanding of GAAP and financial regulations

• I have excellent communication and lea
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Q2. What is Accounting Types of Accounts
Ans. 
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Accounting involves recording financial transactions of a business.

• Types of accounts include assets, liabilities, equity, revenue, and expenses.

• Assets are resources owned by the business, like cash and inventory.

• Liabilities are obligations of the business, such as loans and accounts payable.

• Equity represen...read more
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Position or post calling for specified duties to which an employee is assigned for a definite or indefinite period of time but which has not been designated as a work classification.

Q1. What is tha accounts?
Ans. 
Accounts refer to the records of financial transactions of a business or organization.
• Accounts are used to track income, expenses, assets, and liabilities.

• They help in analyzing the financial health of a company.

• Examples of accounts include cash, accounts receivable, inventory, and accounts payable.
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Q2. What is tha payable and receivable
Ans. 
Payable and receivable refer to amounts owed by a company (payable) and amounts owed to a company (receivable).
• Payable refers to money owed by a company to its suppliers or vendors

• Receivable refers to money owed to a company by its customers or clients

• Payable and receivable are recorded on a company's balance sheet

• Examples: Accounts payable, accounts receivable
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Q3. What is TDS ?
Ans. 
TDS stands for Tax Deducted at Source, which is a system where tax is deducted by the payer at the time of making payment.
• TDS is a form of advance tax which ensures that the government receives tax revenue in advance.

• It is applicable to various payments such as salary, interest, commission, rent, etc.

• The deducted TDS amount is then deposited with the government on behalf of the recipient.

• TDS rates vary depending on the...read more
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Q4. What is tally used for ?
Ans. 
Tally is a software used for accounting and financial management.
• Tally is used for recording financial transactions.

• It helps in managing accounts, generating reports, and analyzing data.

• Tally is commonly used by businesses for bookkeeping and tax compliance.

• It can also be used for inventory management and payroll processing.
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Q5. What is tally skills?
Ans. 
Tally skills refer to proficiency in using Tally software for accounting purposes.
• Tally skills involve knowledge of creating and managing accounts, generating financial reports, and performing audits.

• Proficiency in data entry, reconciliation, and inventory management using Tally is essential.

• Examples of Tally skills include creating ledgers, recording transactions, and generating balance sheets.

• Knowledge of shortcuts a...read more
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Q1. About your self
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Q2. Your highest study
Ans. 
Bachelor's degree in Accounting from XYZ University
• Graduated with honors

• Completed coursework in financial accounting, managerial accounting, auditing, and taxation

• Participated in internship at a local accounting firm

• Completed a senior thesis on the impact of tax reform on small businesses
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Q3. Why you working in tcs company
Ans. 
TCS company in my lively company and this company is top company I work to top company in my life
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Q4. Experience and how many company experience in how year
Ans. 
3 company in 2 year experience in auto mobile company
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Q5. Family back ground asked
Ans. 
Father is farmer and mother house wife
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Q1. What is Accounts 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 represents a company's short-term debt obligations to its suppliers or vendors.

• It is listed as a current liability on the company's balance sheet.

• Accounts payable is typically settled within a short period, often within 30 to 60 days.

• Examples of accounts payable include invoices ...read more
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Q2. What is PO and Non PO & what is 2 way and 3 way match
Ans. 
PO stands for Purchase Order, Non PO refers to transactions without a Purchase Order. 2 way match involves matching the invoice with the PO, while 3 way match involves matching the invoice, PO, and receiving report.
• PO (Purchase Order) is a document issued by a buyer to a seller, outlining the products or services to be purchased.

• Non PO transactions are purchases made without a formal Purchase Order.

• 2 way match is the p...read more
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Q1. Introduce about your self
Ans. 
I am a detail-oriented and organized individual with a strong background in accounting and finance.
• Graduated with a degree in Accounting

• Experience working as a finance intern at XYZ Company

• Proficient in using accounting software such as QuickBooks

• Strong analytical skills and attention to detail
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Q2. What is about BRS
Ans. 
BRS stands for Bank Reconciliation Statement, which is a process of comparing the bank's records with the company's records to ensure they match.
• BRS helps in identifying discrepancies between the bank balance and the company's books.

• It involves reconciling items such as deposits in transit, outstanding checks, bank errors, and interest earned.

• The goal of BRS is to ensure the accuracy of the financial records and preven...read more
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