SAPRO Tax Associate Interview Questions and Answers

How changing tax regimes affected Indian economy and its gdp

Q1. Why taxation role
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Q2. Why not audit role
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Q3. Will you continue with company if you qualify your final exam
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Group discussion will be Good in interview process because the job seekers will gain new ideas and concepts

The aptitude test is to find the general and technical knowledge that the job seekers

Q1. What is the Genpact
Ans. 
Genpact is a global professional services firm specializing in digital transformation, finance and accounting, and analytics.
• Global professional services firm

• Specializes in digital transformation, finance and accounting, and analytics

• Offers services such as accounts payable processing, invoice processing, and vendor management
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Q2. What is the invoice
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An invoice is a document sent by a seller to a buyer that specifies the amount and cost of products or services provided.
• An invoice is a commercial document that itemizes a transaction between a buyer and a seller.

• It typically includes the quantity of goods or services, their price, and any applicable taxes or discounts.

• Invoices are used in accounting to track sales and payments, and for tax purposes.

• Examples of invoic...read more
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Q3. Why you need this job
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I am passionate about working in the field of finance and want to further develop my skills in accounts payable.
• I have a strong background in finance and accounting

• I enjoy working with numbers and problem-solving

• I am eager to learn and grow in a professional environment
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Q4. Without parents and education what you are
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Without parents and education, I am a product of my experiences, beliefs, and choices.
• I am shaped by my environment, relationships, and personal values.

• My identity is influenced by my interactions with society and culture.

• I am defined by my actions, decisions, and aspirations.

• Examples: career choices, relationships, personal growth.
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Q5. How you know about the Genpact
Ans. 
I know about Genpact through my research on top companies in the field of finance and accounting.
• Researched top companies in finance and accounting

• Genpact consistently appeared in lists of top companies

• Learned about Genpact's reputation for excellence in accounts payable
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Q1. Self Introduction
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Q2. Previous role and JD
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Q3. Flexible with night shift
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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
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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. Describe a time when you disagree with you supervisor
Ans. 
I disagreed with my supervisor on a project deadline
• My supervisor wanted to set a deadline that I felt was unrealistic

• I respectfully expressed my concerns and provided evidence to support my viewpoint

• We ultimately compromised on a more reasonable deadline that took into account both of our perspectives
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Q2. Go beyond your responsibilities
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Q1. Screening round about Total experience, Current and Expected CC and Notice period.
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Q1. Self introduction
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Q2. What are the major challenges that you faced in posting invoices
Ans. 
Some major challenges in posting invoices include missing or incorrect information, duplicate invoices, and delays in approvals.
• Missing or incorrect information on invoices can lead to delays in processing.

• Identifying and handling duplicate invoices can be time-consuming and require additional verification.

• Delays in approvals from various departments or stakeholders can hold up the invoice posting process.
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Q3. About your previous companies experience
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Q1. TDS sections and percentage
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Q2. SAP Tcodes.
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Q1. Questions around basics of Java and Spring boot, Microservices and AWS
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Q1. Basic behaviour questions
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Q1. If one interface is getting implemented by two classes how to register in startup.cs
Ans. 
To register multiple implementations of an interface in startup.cs, use the IServiceCollection interface.
• Use the IServiceCollection interface in the ConfigureServices method of the Startup class to register multiple implementations of an interface.

• Use the AddTransient, AddScoped, or AddSingleton methods to register the implementations with the interface.

• For example, if you have an interface IExampleInterface implemente...read more
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Q2. What is dependency injection
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Dependency injection is a design pattern in which components are given their dependencies rather than creating them internally.
• Dependency injection helps in achieving loose coupling between classes.

• It allows for easier testing by providing a way to mock dependencies.

• There are three types of dependency injection: constructor injection, setter injection, and interface injection.
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