Virtuoso Executive Accountant Interview Questions and Answers

Q1. What is Accounts payable
Ans. 
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts payable is a liability on the balance sheet

• It represents the amount of money owed by a company to its suppliers or vendors

• It is typically recorded when goods or services are received but payment has not yet been made

• Accounts payable is an important part of a company's working capital man
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Q2. What is Bank reconcilation statment
Ans. 
Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
• It is used to identify any discrepancies between the two sets of records.

• It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

• The goal is to ensure the accuracy of the company's financial records and the bank's records.

• Once discrepancies are identifi...read more
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Nothing

General knowledge, excel, english grammar, mathematics

Q1. Tell me about yourself.
Ans. 
Experienced Accounts Executive with a strong background in financial management and analysis.
• Over 5 years of experience in managing accounts payable and receivable

• Proficient in financial reporting and analysis

• Skilled in budgeting and forecasting

• Strong attention to detail and accuracy

• Excellent communication and interpersonal skills
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Q2. Tell me about your experience.
Ans. 
I have over 5 years of experience in accounts management, including budgeting, financial reporting, and analysis.
• Managed accounts payable and receivable processes

• Prepared monthly financial statements and reports

• Assisted in budgeting and forecasting

• Conducted variance analysis to identify financial discrepancies
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Q1. Question based on process
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Q2. Technical skills
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Yes

In logical ang basic communication questions

About previous real time work experience