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Soubhik Exports Accounts Payable Executive Interview Questions and Answers
Soubhik Exports Accounts Payable Executive Interview Experiences
1 interview found
Anonymous
Selected
I applied via Approached by Company
(3 Questions)
- Q1. Accounting Journal entries for payable and receivable accounts with GL reconciliation
- Ans.
Journal entries for payable and receivable accounts with GL reconciliation
Journal entry for accounts payable: Debit accounts payable, credit cash/bank
Journal entry for accounts receivable: Debit cash/bank, credit accounts receivable
GL reconciliation involves matching transactions in the general ledger with corresponding entries in subsidiary ledgers
Ensure accuracy by reconciling balances, investigating discrepancies, a
- Q2. Freight charges entry with debit and credit note adjustment
- Ans.
Freight charges entry involves adjusting debit and credit notes for accurate accounting.
Freight charges are typically recorded as an expense in the accounts payable ledger.
Debit notes are used to increase the amount owed to a vendor for additional charges, while credit notes decrease the amount owed.
Adjustments for freight charges may involve correcting errors in the original entry or accounting for discounts or refund...
- Q3. Personal details and client handling ability
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I applied via LinkedIn and was interviewed in Dec 2024. There was 1 interview round.
(4 Questions)
- Q1. What is the objective of reconciliation & why is it important?
- Ans.
Reconciliation is the process of comparing financial records to ensure accuracy and consistency.
Objective is to identify discrepancies between records
Ensures accuracy of financial data
Helps in detecting errors or fraud
Aids in maintaining financial integrity
Important for financial reporting and decision-making
Example: Reconciling bank statements with company records
- Q2. What is the objective of vendor invoicing?
- Ans.
The objective of vendor invoicing is to accurately record and track the goods or services purchased from a vendor and facilitate timely payment.
Vendor invoicing helps in maintaining accurate records of purchases and expenses.
It ensures that the company is billed correctly for the goods or services received.
Vendor invoicing helps in tracking payments and managing cash flow effectively.
It also helps in building and maint...
- Q3. What is SLA & KPI? Explain the 5 differences between them.
- Ans.
SLA stands for Service Level Agreement and KPI stands for Key Performance Indicator. They are both important metrics in measuring performance.
SLA is a contract between a service provider and a customer, outlining the level of service expected. KPI is a measurable value that demonstrates how effectively a company is achieving key business objectives.
SLA focuses on the agreed upon level of service, while KPI focuses on p...
- Q4. What do you understand with O2C?
- Ans.
O2C stands for Order to Cash, which is the process of receiving and fulfilling customer orders.
O2C involves receiving customer orders, processing them, fulfilling the orders, and receiving payment.
It includes steps such as order entry, order fulfillment, invoicing, and payment collection.
Efficient O2C processes help improve cash flow and customer satisfaction.
Example: A customer places an order online, the order is pro...
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Accounts Payable Executive Interview Questions & Answers
Genpact
Nadiminti Nandini
posted on 1 Jan 2025
(2 Questions)
- Q1. Explain about P2P cycle
- Ans.
P2P cycle refers to the Procure-to-Pay cycle, which involves the entire process from requisitioning goods/services to making payment.
The P2P cycle starts with a purchase requisition being raised by the requesting department.
The purchase requisition is then approved by the relevant authority.
A purchase order is generated and sent to the vendor.
Goods/services are received and the invoice is matched with the purchase orde...
- Q2. 2 way matching and 3 way matching
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(1 Question)
- Q1. Difference Between PO and Non PO
- Ans.
PO is a purchase order issued by a buyer to a seller, specifying the products or services to be purchased. Non-PO is an invoice without a purchase order.
PO is a formal document that authorizes a purchase transaction, while Non-PO is an invoice submitted by a vendor for payment without a purchase order.
POs are typically used for larger purchases or ongoing agreements, while Non-PO invoices are used for one-time purchase...
(1 Question)
- Q1. What is po base invoice
(1 Question)
- Q1. Checks your English and kind of person you are.
(1 Question)
- Q1. Some Basic Accounting Questions.
It's about some of English and General Aptitude test
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I applied via Naukri.com and was interviewed in Nov 2023. There was 1 interview round.
(1 Question)
- Q1. Accounts fundamentals
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- Golden rules
- Accounting
I had attended the interview in their own Accenture facility after giving the offline assessment, but their online video software during interview detected that I was cheating itseems, which I never done as there was no one that could help me in their own building in Koramangala Bengaluru.
Selected
I applied via Referral and was interviewed before Jan 2024. There was 1 interview round.
(5 Questions)
- Q1. What can you tell me about accounts payable?
- Q2. What are the three golden rules of accounting?
- Q3. What is the PTP (Procure-to-Pay) cycle?
- Q4. What do you consider to be your strengths?
- Q5. Are you currently working in accounts payable?
(1 Question)
- 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 company's obligation to pay off short-term debts
Typically includes invoices from suppliers for goods or services received
Accounts payable turnover ratio is a key metric to measure efficiency in paying off debts
(1 Question)
- Q1. Walk me through your cv
(2 Questions)
- Q1. Accounts based question
- Q2. What is B2B process
- Ans.
B2B process refers to business-to-business transactions where one business sells products or services to another business.
Involves transactions between two businesses
Includes purchase orders, invoices, and payments
Typically involves larger quantities and higher values compared to B2C transactions
Examples: a manufacturer selling products to a retailer, a software company providing services to a corporation
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