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

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

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

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Various economic and financial factors can affect interest rates.

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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.

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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