TCS Process Associate Interview Questions, Process, and Tips

Online aptitude test with 20 questions.

Q1. Can you provide a self-introduction and discuss your background?
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Q1. About your self
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Q2. Golden rules and basic accounts questions for b.com freshers
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Q3. Communication is a key
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Q1. Explain the P2P cycle
Ans. 
P2P cycle refers to the Procure-to-Pay cycle, which involves the process of obtaining goods or services from a supplier to making payment for them.
• The cycle starts with the need for a product or service, followed by identifying a supplier and creating a purchase order.

• Upon receiving the goods or services, the invoice is matched with the purchase order and goods receipt.

• The invoice is then approved for payment and proce...read more
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Q2. What are fictitious assets
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Fictitious assets are assets that do not have a physical existence or intrinsic value.
• Fictitious assets are intangible assets that appear on a company's balance sheet but do not actually exist in reality.

• Examples of fictitious assets include goodwill, patents, trademarks, and copyrights.

• These assets are created by accounting practices and represent potential future benefits for the company.

• Fictitious assets are not tan...read more
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Q1. Explain 3 way match
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3 way match is a process used in accounting to ensure that the purchase order, invoice, and receiving report all match.
• Match purchase order to invoice

• Match invoice to receiving report

• Match receiving report to purchase order

• Helps in detecting errors or discrepancies in the purchasing process

• Ensures accurate payment to vendors
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Q2. Explain 2 way match
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2 way match is a process in accounts payable where the invoice is matched with the purchase order and the receiving report.
• In a 2 way match, the invoice is compared to the purchase order to ensure that the prices and quantities match.

• The receiving report is also checked to confirm that the goods or services were received as stated on the invoice.

• If all three documents match (invoice, purchase order, receiving report), ...read more
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Q1. About Family background
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Q1. Invoice processing
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Q2. 3 way match
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Its about 1hr computer based test. Basically , they asked for math english and general knowledge questions.

Q1. What is depreciation?
Ans. 
Depreciation is the allocation of the cost of a tangible 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 and tax purposes.

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

• Examples of depreciable assets inc...read more
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Q2. What is current ratio
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Current ratio is a financial metric used to evaluate a company's ability to pay off its short-term liabilities with its short-term assets.
• Current ratio is calculated by dividing current assets by current liabilities.

• A current ratio of 1 or higher indicates that a company has enough current assets to cover its current liabilities.

• A current ratio below 1 may indicate financial trouble as the company may not be able to pa...read more
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Q1. What is your expectations
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Q2. Are comfortable for ratate with night shift
Ans. 
Yes, I am comfortable with rotating night shifts.
• I have previous experience working night shifts and have no issues with adjusting my schedule.

• I understand the importance of flexibility in shift work and am willing to adapt to different schedules.

• I am aware of the potential challenges of working night shifts, such as sleep disruption, and have strategies in place to manage them.
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