Reconciliation Executive Interview Questions and Answers

Bank reconciliation is the process of comparing and matching the balances in a company's bank statement with its own accounting records.

• Bank reconciliation ensures that all transactions recorded by the company are accurately reflected in the bank statement.

• It helps identify any discrepancies or errors in the company's financial records.

• The process involves comparing items such as deposits, withdrawals, and bank fees between the bank statement and the company's records.

• Example...read more

Reconciliation is the process of restoring friendly relations between two parties.

• Reconciliation involves acknowledging and addressing past conflicts or wrongdoings.

• It requires both parties to communicate openly and honestly.

• Reconciliation can lead to forgiveness, healing, and a renewed sense of trust.

• Examples include reconciling with a friend after an argument, or reconciling with a former enemy after a war.

My contribution to the reconciliation process includes identifying discrepancies, investigating root causes, and implementing solutions.

• Identifying discrepancies in financial records

• Investigating root causes of discrepancies

• Implementing solutions to prevent future discrepancies

• Collaborating with team members to ensure accuracy and efficiency

My last CTC was $70,000 per annum.

• My last CTC was $70,000 per annum

• CTC stands for Cost to Company

• It includes salary, bonuses, benefits, and other perks

• CTC is an important factor in negotiations for a new position