Thought Focus Process Associate Interview Questions and Answers

Basic mathematics and general English questions.

Q1. Why you want this job
Ans. 
I am passionate about data analysis and process improvement, and I believe this role will allow me to utilize my skills and contribute to the team's success.
• I have a strong background in data analysis and process improvement

• I am excited about the opportunity to apply my skills in a new environment

• I am eager to learn and grow in this role

• I believe I can make a positive impact on the team's success
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Q1. Journal entry with golden Rule
Ans. 
The golden rule of journal entries is to debit the receiver and credit the giver.
• Debit the receiver account

• Credit the giver account

• Maintain the accounting equation (Assets = Liabilities + Equity)
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Q2. Journal entry for Accrual Concept
Ans. 
Accrual concept in accounting refers to recognizing revenues and expenses when they are incurred, regardless of when cash is exchanged.
• Accrual concept ensures that financial statements accurately reflect the financial position of a company.

• It involves recording revenues when they are earned and expenses when they are incurred, regardless of when cash is received or paid.

• For example, if a company provides services to a ...read more
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Q3. All 3 Golden Rules with entries example
Ans. 
The 3 Golden Rules of Accounting are: 1. Personal Account - Debit the receiver, Credit the giver 2. Real Account - Debit what comes in, Credit what goes out 3. Nominal Account - Debit all expenses and losses, Credit all incomes and gains
• Personal Account: Debit - Receiver, Credit - Giver (e.g. Cash A/c Dr To Ram A/c)

• Real Account: Debit - What comes in, Credit - What goes out (e.g. Bank A/c Dr To Sales A/c)

• Nominal Accoun...read more
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Group discussion includes they give one topic and 10 minutes time for us and we have to prepare and answer

Verbal, logical, mathematical ability and passage

Q1. Minimum 90% accuracy required
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Q1. Explain about yourself
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Q1. Why should we hire you
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They give one topic and we have to tell about pro's and cons

It has 30 question with timer

Q1. Basic questions
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Q1. Why do you want to work here?
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Q2. What do you know about our company?
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