Transaction Processing Representative Interview Questions and Answers

Yes, I am flexible with rotational shifts.

• I have worked in rotational shifts before and have no issues with it.

• I understand the importance of being available for work at different times.

• I am willing to adjust my schedule to accommodate rotational shifts.

• I am aware that rotational shifts are a common requirement in this industry.

Insurance is a contract between an individual and an insurance company to provide financial protection against potential losses.

• Insurance is a risk management tool that helps individuals and organizations protect themselves against potential financial losses.

• It involves paying a premium to an insurance company in exchange for coverage and financial compensation in case of specified events or losses.

• There are various types of insurance, including life insurance, health insuran...read more

Yes, I am considering pursuing higher studies in the future to enhance my skills and knowledge in the field.

• I am currently exploring different options for higher education such as a master's degree or professional certifications.

• Higher studies will help me stay updated with the latest industry trends and advancements.

• I believe further education will open up new career opportunities and help me advance in my current role.

Debit and credit are accounting terms used to record financial transactions in a company's general ledger.

• Debit is an entry on the left side of an account, representing an increase in assets or a decrease in liabilities or equity.

• Credit is an entry on the right side of an account, representing a decrease in assets or an increase in liabilities or equity.

• Debits must equal credits in every transaction to maintain the accounting equation: Assets = Liabilities + Equity.

Rules of accounting are principles and guidelines that govern the preparation of financial statements.

• Accounting equation must always balance: Assets = Liabilities + Equity

• Revenue recognition principle dictates when revenue should be recorded

• Matching principle requires expenses to be recorded in the same period as the revenue they helped generate