Junior Process Executive Interview Questions and Answers

A set of finance-related questions including liquidity ratio, percentage calculation, bills payable, and journal entry for trade payable.

• Liquidity ratio measures a company's ability to pay off its short-term debts using its current assets.

• 70% of 80 is 56.

• Bills payable is a liability account that tracks the amount a company owes to its suppliers for goods or services received but not yet paid for.

• The journal entry for trade payable involves crediting accounts payable and debit...read more

A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.

• It shows the company's assets, liabilities, and shareholders' equity.

• Assets are what the company owns, such as cash, inventory, and property.

• Liabilities are what the company owes, such as loans and accounts payable.

• Shareholders' equity represents the company's net worth.

• The balance sheet follows the formula: Assets = Liabilities + Shareholders' Equit...read more

I have a typing accuracy of 95% and can type at a speed of 70 WPM, ensuring efficient data entry and processing.

• Accuracy: I consistently maintain a typing accuracy of around 95%, which minimizes errors in data entry.

• Speed: My typing speed is approximately 70 words per minute, allowing me to handle large volumes of work efficiently.

• Practice: I regularly practice typing through online tools to improve both speed and accuracy.

• Experience: In my previous role, I was responsible fo...read more

Customer service involves providing assistance and support to customers before, during, and after a purchase.

• Customer service is the act of providing assistance and support to customers before, during, and after a purchase.

• It involves addressing customer inquiries, resolving complaints, and ensuring customer satisfaction.

• Customer support is a subset of customer service that specifically focuses on providing technical assistance and troubleshooting.

• Examples of customer service...read more

The importance of time management in the workplace

• Time management helps in prioritizing tasks effectively

• It reduces stress and improves productivity

• Setting deadlines and using tools like calendars can aid in time management

Working capital is the difference between a company's current assets and current liabilities, indicating its short-term financial health.

• Current Assets: Cash, inventory, accounts receivable.

• Current Liabilities: Accounts payable, short-term debt.

• Formula: Working Capital = Current Assets - Current Liabilities.

• Example: If a company has $100,000 in current assets and $60,000 in current liabilities, its working capital is $40,000.

• Importance: Positive working capital indicates good...read more

The golden rules of accounting guide the recording of financial transactions, ensuring accuracy and consistency.

• 1. Debit what comes in, credit what goes out: This rule applies to personal accounts. For example, when a company purchases equipment, the equipment account is debited.

• 2. Debit all expenses and losses, credit all incomes and gains: This rule applies to nominal accounts. For instance, when a company earns revenue, the revenue account is credited.

• 3. Debit the receiver...read more