Interview Questions and Answers

SAP T code for accounts payable is F-43.

• The SAP T code for accounts payable is F-43.

• F-43 is used for posting a vendor invoice.

• It allows users to enter and post invoices in the accounts payable module.

Accrual basis is a method of accounting where revenue and expenses are recognized when earned or incurred, regardless of when payment is received or made. Purchase entry and vendor entry are related to recording transactions in this method.

• Accrual basis recognizes revenue and expenses when earned or incurred, not when payment is received or made

• Purchase entry is the recording of a purchase transaction, including the amount, date, and vendor information

• Vendor entry is the reco...read more

Consolidation of accounts and entries involves combining financial information from multiple entities into a single set of financial statements.

• Consolidation is necessary when a company has subsidiaries or other entities that it controls.

• The process involves eliminating intercompany transactions and balances.

• Consolidated financial statements provide a more accurate picture of a company's financial position and performance.

• Entries may include adjusting entries to eliminate int...read more

I have experience working with Microsoft Office Suite, Adobe Creative Suite, and project management software like Asana.

• Microsoft Office Suite

• Adobe Creative Suite

• Asana

Vlookup is used in Excel to search for a value in a table and return a corresponding value. Adding sum with $ refers to using absolute references in formulas.

• Vlookup function searches for a value in the first column of a table and returns a value in the same row from a specified column.

• To add sum with $ in Excel, use absolute references by adding $ before the column letter and row number in a formula.

• Example: =VLOOKUP(A2, B:C, 2, FALSE) - This formula searches for the value i...read more

Types of sanctions include diplomatic, economic, military, and trade sanctions.

• Diplomatic sanctions involve cutting off diplomatic ties with a country.

• Economic sanctions restrict trade and financial transactions with a country.

• Military sanctions involve the use of military force or threats.

• Trade sanctions restrict imports or exports to and from a country.