TCS Accounts Receivable Analyst Interview Questions and Answers

General Awareness about the domain and Understanding of Logical Reasoning.

A hypothetical situation_where a choice making ability of a candidate is tested (but one should be smart enough to handle the situation that is what is more important instead of choosing among this Or that).

Q1. Accounting standards_Purchase Orders_Basic understanding of the O2C Process, its' dimensions, one should be well familiar with what they've done till date being from a commerce background to grab this prof...read more
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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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4 rounds of interview. Clearly asked for expectations and reality.

Q1. Why should we consider hiring you?
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Q1. Previous experience of work
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Q2. Any related experience
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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. Previous work experience related to billing
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Q2. Billing to customers questions
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Q1. 2 way 3 way matching
Ans. 
2 way 3 way matching is a process used in accounting to ensure accuracy in financial transactions.
• 2 way matching involves matching the invoice with the purchase order

• 3 way matching involves matching the invoice with the purchase order and the receiving report

• Helps in detecting errors or discrepancies in the billing process
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Q2. Accounts payable and accounts receivable
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Q3. Some general questions
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Q1. T code to review po
Ans. 
ME23N
• ME23N is the T code used to review purchase orders in SAP

• It allows users to view details of a specific purchase order, such as vendor information, item details, and delivery status
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Q2. If you find mismatch in quantity who to you contact
Ans. 
Contact the inventory manager or supervisor for resolution.
• Contact inventory manager or supervisor immediately

• Verify the discrepancy with relevant documentation

• Discuss potential causes of the mismatch and work towards resolution
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Q3. Vendor ledger entry
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Q4. Where you see grn
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GRN stands for Goods Receipt Note, which is a document used in the procurement process to confirm the receipt of goods.
• GRN is used in the procurement process to verify that the goods ordered have been received in good condition.

• It includes details such as the quantity, quality, and condition of the goods received.

• GRN is an important document for inventory management and accounting purposes.

• It is typically generated by ...read more
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Q5. First self introduction
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Q6. How you learn from where you learn
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Q7. You have theoretical knowledge no practical how can u do
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I would seek hands-on experience through internships, workshops, or online tutorials to bridge the gap between theory and practice.
• Seek internships or part-time jobs in the field to gain practical experience

• Participate in workshops or training sessions to apply theoretical knowledge in real-life scenarios

• Utilize online tutorials or courses to practice and implement theoretical concepts

• Collaborate with professionals in ...read more
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Q1. Self information, Previous project, Account Receivable, About family, salary details,
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Q1. Self introduction, Account Receivable, golden rule, previous company responsibility
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Q2. Self introduction
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Q3. What is account Receivable
Ans. 
Accounts Receivable is the money owed to a company by its customers for goods or services provided on credit.
• Accounts Receivable represents the amount of money owed to a company by its customers for goods or services provided on credit.

• It is considered an asset on the company's balance sheet.

• The goal of managing accounts receivable is to collect payment from customers in a timely manner to ensure steady cash flow.

• Examp...read more
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Q4. Golden and rules
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