Vendiman Accounts Payable Executive Interview Questions and Answers

I make payments through electronic transfers, checks, and online payment platforms.

• Utilize electronic transfers for quick and efficient payments

• Issue checks for traditional payment methods

• Use online payment platforms like PayPal or Venmo for convenience

• Ensure accuracy in payment details to avoid errors

TDS rate refers to the rate at which tax is deducted at source on various payments such as salary, rent, commission, etc.

• TDS rates vary depending on the nature of payment and the recipient's status

• For example, TDS rate on salary income is different from TDS rate on interest income

• TDS rates are specified by the Income Tax Department and are subject to change periodically