Accounts Analyst
Accounts Analyst Interview Questions and Answers
Q1. What is Accounts payable and how can you process and how can you handle the client?
Accounts payable is the amount owed by a company to its suppliers for goods or services received.
Accounts payable is a liability account that tracks the money a company owes to its vendors or suppliers.
Processing accounts payable involves verifying invoices, matching them to purchase orders and receipts, and making payments.
Handling clients involves maintaining good communication, resolving any issues or disputes, and ensuring timely payments to suppliers.
Effective management...read more
Q2. How to use pivot table , hlookup and vlookup , solved a problem in the interview
Pivot tables, HLOOKUP, and VLOOKUP are powerful tools in Excel for analyzing data and finding specific information.
Use pivot tables to summarize and analyze large amounts of data by organizing it into a more manageable format.
HLOOKUP is used to search for a value in the top row of a table and return a value in the same column from a specified row.
VLOOKUP is used to search for a value in the first column of a table and return a value in the same row from a specified column.
For...read more
Accounts Analyst Interview Questions and Answers for Freshers
Q3. Accounting entry of rent forgive
The accounting entry for rent forgiveness involves recording the forgiven amount as an expense and reducing the liability for rent payable.
Record the forgiven rent amount as an expense in the income statement.
Reduce the liability for rent payable in the balance sheet.
Debit the rent expense account and credit the rent payable account.
Ensure proper documentation and approval for the rent forgiveness.
Consider any tax implications or reporting requirements related to the forgiven...read more
Q4. What factors can affect interest rate?
Various economic and financial factors can affect interest rates.
Inflation rates
Central bank policies
Economic growth
Government debt
Global events
Creditworthiness of borrowers
Supply and demand for credit
Currency exchange rates
Q5. What is bills payable?
Bills payable refers to the amount of money a company owes to its suppliers or vendors for goods or services received.
Bills payable is a liability on the balance sheet.
It represents the amount of money that a company owes to its creditors.
Examples include invoices from suppliers for raw materials, utilities, or services rendered.
Bills payable are typically short-term obligations that must be paid within a specific period of time.
Q6. What is bad debts
Bad debts are amounts owed to a company that are unlikely to be collected, resulting in a loss for the company.
Bad debts are typically the result of customers who are unable or unwilling to pay their debts.
Companies often write off bad debts as a loss on their financial statements.
Bad debts can occur in various industries, such as retail, banking, and healthcare.
Examples of bad debts include unpaid invoices, defaulted loans, and overdue credit card payments.
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