WNS Senior Associate Interview Questions and Answers for Freshers

Our policy for company growth focuses on strategic planning, innovation, and continuous improvement.

• We prioritize strategic planning to identify opportunities for growth and set clear objectives.

• We encourage innovation to stay ahead of competitors and adapt to changing market trends.

• We emphasize continuous improvement to optimize processes and enhance overall performance.

Depreciation refers to the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.

• Depreciation is a non-cash expense that is recorded on the income statement.

• It is used to allocate the cost of an asset over its useful life.

• There are different methods of calculating depreciation, such as straight-line, declining balance, and sum-of-the-years'-digits.

• Examples of assets that can be depreciated include buildings, vehicles, machinery, and equi...read more

The golden rules of accounting are basic principles that guide the recording of financial transactions.

• The first golden rule is the rule of debit and credit.

• The second golden rule is the rule of consistency.

• The third golden rule is the rule of conservatism.

• The fourth golden rule is the rule of materiality.

• The fifth golden rule is the rule of objectivity.

• The sixth golden rule is the rule of relevance.

• The seventh golden rule is the rule of feasibility.

Accounts refer to financial records of an individual or organization that show the transactions and balances of assets, liabilities, and equity.

• Accounts are used to keep track of financial transactions and balances.

• They include records of assets, liabilities, and equity.

• Examples of accounts include bank accounts, credit card accounts, and investment accounts.

• Accounts are important for financial planning, budgeting, and tax purposes.

A financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

• It provides a snapshot of a company's financial position.

• Assets are listed on the left side and liabilities and equity on the right side.

• The equation Assets = Liabilities + Equity must always balance.

• Examples of assets include cash, inventory, and property.

• Examples of liabilities include loans, accounts payable, and taxes owed.

• Examples of equity include retained earnings a...read more

The company target is to increase market share by 10% within the next fiscal year.

• Increase market share by 10%

• Achieve revenue growth of 15%

• Expand into new markets

• Improve customer retention rates

Procurement is the process of acquiring goods or services from an external source.

• Procurement involves identifying the need for goods or services

• It includes selecting suppliers, negotiating contracts, and placing orders

• Procurement also involves managing supplier relationships and monitoring performance

• Examples of procurement include purchasing office supplies, hiring contractors for construction projects, and outsourcing IT services