TopSource Worldwide Accounts Receivable Executive Interview Questions and Answers

Q1. Otc cycle, difference between AR and OTC
Ans. 
OTC cycle refers to the order-to-cash process, which includes accounts receivable. AR specifically focuses on managing outstanding customer invoices.
• OTC cycle involves the entire process from receiving an order to receiving payment.

• AR focuses specifically on managing outstanding customer invoices and collecting payments.

• OTC cycle includes order processing, invoicing, payment processing, and collections.

• AR involves trac...read more
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Q1. No experience for articleship counts
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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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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
Ans. 
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
Ans. 
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. Basics in Account Receivable
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Q1. Cv related questions and past experience
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Q1. About current works
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Q1. Accounting knowledge
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Q1. Software knowledge
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