Swamy Sons Group of Companies Accounts Receivable Specialist Interview Questions and Answers

Q1. Could you describe your daily activities?
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Q2. What challenges have you faced while working?
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Q1. What are your salary expectations?
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Q1. Work experience, salary expectation
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Q1. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity.

• For example, when a company receives cash fro...read more
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Q2. Matching concept
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Q3. P to P cycle
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There was an versant test which was of 2 rounds

Q1. Manager round about otc process and depth
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Q2. About Otc reconciliation and disputes
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Q1. Nothing much... About expectation of salary and all
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Q1. Discussion with Hr
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Q1. Self introduction
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Q2. About process how we will hndle process
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Q1. What was the depreciate
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Depreciation is the allocation of the cost of an 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 the cost of an asset over its useful life for accounting purposes.

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

• Example: A company purchases a delivery truck for $50,000 and ...read more
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Q2. What is the AR
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Accounts Receivable (AR) is the balance of money owed to a company by customers for goods or services provided on credit.
• AR represents the amount of money owed to a company by customers

• It is typically recorded as a current asset on the balance sheet

• AR is an important metric for assessing a company's financial health and cash flow

• Examples: Invoices sent to customers for products or services provided, outstanding payment
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Q1. Why this role is suitable for you.
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Q2. Why this role is suitable for you..
Ans. Cause this position gives me challenging situation which helps me to improve my self and confidence for work.
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How can one become an effective Sales Assistant? What are your strengths and weaknesses when interacting with customers? Why do you think customers choose to shop at this store? How do you manage difficult customers?

Q1. They have asked me about the excel formulas and some questions were tere like what is OTC what are there golden rules when it comes to collections and strategies followed.
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Q1. In HR round I was made aware of the company policies as well as the compensation plan and other general stuffs like holiday calender hierarchy and stuffs like this
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