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AccSource KPO Interview Questions and Answers
7 Interview questions
Recording salary payable involves recognizing the liability for employee salaries that are owed but not yet paid.
Debit Salary Expense: This increases the expense account, reflecting the cost of salaries incurred during the period. Example: Debit Salary Expense $5,000.
Credit Salary Payable: This increases the liability account, indicating the amount owed to employees. Example: Credit Salary Payable $5,000.
Impact on...
Deferred tax refers to taxes that are assessed but not yet paid, often due to timing differences in accounting.
Timing Differences: Deferred tax arises from differences between accounting income and taxable income, such as depreciation methods.
Deferred Tax Assets: These occur when a company has overpaid taxes or has tax losses that can be used to reduce future tax liabilities.
Deferred Tax Liabilities: These arise w...
Account outsourcing involves hiring a third-party company to handle accounting functions.
Account outsourcing can include services such as bookkeeping, payroll processing, and financial reporting.
Outsourcing accounting tasks can help businesses save time and money by leveraging the expertise of specialized professionals.
Examples of account outsourcing companies include Deloitte, PwC, and KPMG.
Outsourcing can also p...
Experienced Senior Accountant with a strong background in financial reporting, analysis, and compliance across various industries.
Over 8 years of experience in accounting and finance roles, specializing in financial reporting and analysis.
Proficient in using accounting software like QuickBooks and SAP, which has improved reporting efficiency by 30%.
Managed a team of junior accountants, providing mentorship and tra...
Golden Rules of Accounts are basic principles that guide the recording of financial transactions.
The Golden Rules of Accounts include: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.
For example, when a company receives cash from a customer, the entry would be to debit the cash account (what comes in) and credit the accounts receiv...
Accrual accounting recognizes revenues and expenses when they occur, not when cash is exchanged.
Accruals ensure financial statements reflect true financial position.
Example: If services are provided in December but billed in January, record revenue in December.
Expenses incurred in one period but paid in the next should be recorded in the period they occur.
Example: Salaries for December paid in January should be ac...
Finalization of BOA involves reviewing and confirming all terms and conditions before signing the agreement.
Review all terms and conditions outlined in the BOA document
Ensure all parties involved agree to the terms before finalizing
Sign the agreement once all terms are confirmed and agreed upon
AccSource KPO Interview Experiences
22 interviews found
Pawan Jadav
Selected
I appeared for an interview in Jan 2025.
(1 Question)
- Q1. What you know about Account Outsourcing?
- Ans.
Account outsourcing involves hiring a third-party company to handle accounting functions.
Account outsourcing can include services such as bookkeeping, payroll processing, and financial reporting.
Outsourcing accounting tasks can help businesses save time and money by leveraging the expertise of specialized professionals.
Examples of account outsourcing companies include Deloitte, PwC, and KPMG.
Outsourcing can also provid...
Interview Preparation Tips
The first round took nearly 2 weeks with multiple reschedules (on a daily basis) from their end. The first round was HR round with some basic industry and Job profile relevant question; though, the strange thing was that the interview was supposed to happen on MS Teams, which was rescheduled on Phone Call with the reason being that the MS Team was corrupted on their end.
The second & final round was with their Managers, again it was rescheduled twice.
Anyways, the Job Description / Profile was of Business Development Manager, and I possess 15+ years of relevant experience on the same. However, I was been asked by their Manager to lower my profile expectations, and was asked to work as a Telemarketer / Cold Calling - stating that in their org., the profile of BDM was to make calls only, where they will provide me with a data set of 500 calls each week and I've to make calls on them. This revelation took me by surprise as the original shared JD was something different entirely (more relevant to my profile), and on call they did a 360 turn asking me to play a role of Fresher / Jr. BDE / Telemarketer. I understand and agree that cold calling could be a part of BDM Profile, but solely Cold Calling is never a part of the BDM profile, especially in Service / Outsourcing Industry.
Additionally, despite me being on 300Mbps Fiber connection and ensuring that no bandwith was utilised apart from the final interview round, as well as despite changing multiple headset and finally using my laptop speaker, and on top of that despite getting on MS Team's call on almost weekly basis (as part of my existing job profile back then); his manager complaint stating that my internet connection is not proper and thus he was unable to listen me correctly, adding that I'm using Mobile Data. In a nutshell, instead of fixing things on their end, they blame the candidate.
Considering the overall bad experience, false initial commitment (i.e., JD stating different and different approach of JD on interview), as well as other bizzare incidents; I strongly suggest to avoid approaching Accsource. Imagine if the interview experience was such bad, how the actual working condition could be.
srividhya lakshmankumar
Selected
I applied via Referral and was interviewed in Oct 2024. There were 4 interview rounds.
Accounts question Depreciation Bad debts
(2 Questions)
- Q1. About branch transfer JV
- Q2. Salary Journal entries
(2 Questions)
- Q1. Intervie with Director
- Q2. About personal and family details previous experience
(1 Question)
- Q1. Interview with client
Interview Preparation Tips
- Accounting
Anonymous
I appeared for an interview in Dec 2024.
(1 Question)
- Q1. Golden Rules of Accounts? What is the special in your native? Payroll, Credit Sales Journal Entry? If you apply US Taxation, below the questions What is Standard deduction, Itemized deduction, What are th...
- Ans.
Golden Rules of Accounts are basic principles that guide the recording of financial transactions.
The Golden Rules of Accounts include: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.
For example, when a company receives cash from a customer, the entry would be to debit the cash account (what comes in) and credit the accounts receivable ...
Interview Preparation Tips
I appeared for an interview in Jun 2025, where I was asked the following questions.
- Q1. Basic accounting questions
- Q2. Previous job role and responsibilities
- Ans.
As an Executive Accountant, I managed financial reporting, budgeting, and strategic planning to drive organizational success.
Oversaw the preparation of monthly financial statements, ensuring accuracy and compliance with accounting standards.
Developed annual budgets in collaboration with department heads, aligning financial resources with organizational goals.
Conducted variance analysis to identify discrepancies between...
Selected
I appeared for an interview in Apr 2025, where I was asked the following questions.
- Q1. What is deferred tax?
- Ans.
Deferred tax refers to taxes that are assessed but not yet paid, often due to timing differences in accounting.
Timing Differences: Deferred tax arises from differences between accounting income and taxable income, such as depreciation methods.
Deferred Tax Assets: These occur when a company has overpaid taxes or has tax losses that can be used to reduce future tax liabilities.
Deferred Tax Liabilities: These arise when a...
- Q2. What is the journal entry for recording salary payable?
- Ans.
Recording salary payable involves recognizing the liability for employee salaries that are owed but not yet paid.
Debit Salary Expense: This increases the expense account, reflecting the cost of salaries incurred during the period. Example: Debit Salary Expense $5,000.
Credit Salary Payable: This increases the liability account, indicating the amount owed to employees. Example: Credit Salary Payable $5,000.
Impact on Fina...
I applied via LinkedIn and was interviewed in May 2024. There were 2 interview rounds.
Taxation and accountancy question
medium level not easy
(4 Questions)
- Q1. Deferred tax 3 question
- Q2. Bad debts and provisions casestudy based questions
- Q3. Ind AS fixed assets depreciation
- Q4. Finalization of BOA
- Ans.
Finalization of BOA involves reviewing and confirming all terms and conditions before signing the agreement.
Review all terms and conditions outlined in the BOA document
Ensure all parties involved agree to the terms before finalizing
Sign the agreement once all terms are confirmed and agreed upon
I applied via Recruitment Consulltant
Moderate - basic financial, numerical and reasoning questions mostly.
(3 Questions)
- Q1. It was detailed
- Q2. Questions asked from SMSF
- Q3. Questions asked from contribution
(2 Questions)
- Q1. It was more detailed and tough
- Q2. Asked allmost everything related to paraplanning.
Keet C
Selected
I appeared for an interview in Oct 2024, where I was asked the following questions.
- Q1. Journal entries with accrual concept
- Ans.
Accrual accounting recognizes revenues and expenses when they occur, not when cash is exchanged.
Accruals ensure financial statements reflect true financial position.
Example: If services are provided in December but billed in January, record revenue in December.
Expenses incurred in one period but paid in the next should be recorded in the period they occur.
Example: Salaries for December paid in January should be accrued...
- Q2. Salary payable, tds deduction, asset addition, sales, depreciation entries
Selected
I applied via Referral and was interviewed in Jun 2024. There was 1 interview round.
(2 Questions)
- Q1. Debt and equity
- Q2. Case study problem
Selected
I appeared for an interview before Jun 2024, where I was asked the following questions.
- Q1. Introduction about yourself
- Q2. Questions related to stock market
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AccSource KPO Interview FAQs
The duration of AccSource KPO interview process can vary, but typically it takes about less than 2 weeks to complete.
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Overall Interview Experience Rating
based on 18 interview experiences
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AccSource KPO Reviews and Ratings
based on 134 reviews
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