Accounts Analyst

Accounts Analyst Interview Questions and Answers

Updated 6 Feb 2025
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Q1. What is Accounts payable and how can you process and how can you handle the client?

Ans.

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

Ans.

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

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Q3. Accounting entry of rent forgive

Ans.

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?

Ans.

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

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Q5. What is bills payable?

Ans.

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

Ans.

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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