Reconciliation Analyst

Reconciliation Analyst Interview Questions and Answers for Freshers

Updated 2 Feb 2024

Q1. What is derivatives Types of derivatives What is bond and debentures

Ans.

Derivatives are financial instruments whose value is derived from an underlying asset. Types include options, futures, swaps. Bonds are debt securities issued by companies or governments, while debentures are a type of bond backed by the issuer's creditworthiness.

  • Derivatives are financial instruments whose value is based on an underlying asset, such as stocks, bonds, commodities, or currencies

  • Types of derivatives include options, futures, forwards, and swaps

  • Options give the h...read more

Q2. Whati the bank reconciliation statement

Ans.

A bank reconciliation statement is a document that compares the bank statement with the company's records to identify any discrepancies.

  • It is used to ensure that the company's records match the bank's records.

  • It lists all the transactions that have been recorded by the company but are not yet reflected in the bank statement.

  • It also includes any transactions that have been recorded by the bank but are not yet reflected in the company's records.

  • The purpose of the bank reconcili...read more

Q3. Journal entry for sale on credit

Ans.

A journal entry for a sale made on credit.

  • Debit Accounts Receivable and credit Sales for the amount of the sale

  • Debit Cost of Goods Sold and credit Inventory for the cost of the goods sold

  • Debit Sales Tax Payable and credit Sales Tax Liability for any applicable sales tax

  • Debit Cash and credit Accounts Receivable when the payment is received

Reconciliation Analyst Jobs

JP Morgan Chase - Invoice Reconciliation Analyst - US Financial Intermediary Services (3-5 yrs) 3-5 years
JP Morgan Chase
4.0
Invoice Reconciliation Analyst 2-6 years
JPMorgan Chase
4.0
Mumbai
Finance Reconciliation Analyst 0-5 years
TeamLease
3.5
₹ 3 L/yr - ₹ 4 L/yr
Noida
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