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The onboarding process is a structured approach to integrating new employees into an organization.
Orientation: Introduces new hires to company culture and policies.
Training: Provides necessary skills and knowledge for the job.
Mentorship: Assigns a mentor to guide the new employee.
Documentation: Completes necessary paperwork and compliance forms.
Feedback: Regular check-ins to assess progress and address concerns.
Journal entries are the foundational records in accounting that capture all financial transactions.
A journal entry consists of a date, accounts affected, amounts, and a description.
Example: Debit Cash $1,000 and Credit Sales Revenue $1,000 for a sale.
Each entry must maintain the accounting equation: Assets = Liabilities + Equity.
Journal entries can be simple (one debit and one credit) or compound (multiple debits ...
Provision is an amount set aside for a specific purpose or future expense.
Provision is a financial term used to account for future expenses or liabilities.
It is an estimated amount set aside in advance to cover potential losses or expenses.
Provisions are made on the basis of past experience, current trends, and future expectations.
Examples of provisions include bad debt provision, warranty provision, and restructu...
A purchase entry is a record of a transaction where a company buys goods or services.
Includes details such as date, vendor name, invoice number, amount, and payment method
Debit the Purchases account and credit the Accounts Payable account
Example: On January 1, XYZ Company purchases $500 worth of office supplies from Office Depot
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Bank reconciliation statement is a document that compares the bank statement with the company's cash records to identify any discrepancies.
Bank reconciliation statement is prepared to ensure that the company's cash records match the bank statement.
It helps in identifying any errors or discrepancies in the company's cash transactions.
The statement includes the company's cash balance, outstanding checks, deposits in...
Shift explanation involves details about the timing, duration, and rotation of work hours.
Explain the timing of shifts (e.g. day shift, night shift, rotating shifts)
Describe the duration of each shift (e.g. 8 hours, 12 hours)
Discuss any rotation schedule in place for shifts (e.g. weekly rotation)
Mention any flexibility or fixed schedule for shifts
Business process in industries refers to the series of steps or activities that are carried out to achieve a specific business goal.
Identifying the need for a product or service
Market research and analysis
Product development or service creation
Marketing and sales
Customer service and support
Financial management and accounting
Supply chain management
Quality control and assurance
Enterprise resource planning tools are software systems used by industries to manage and integrate important parts of their businesses.
ERP tools help streamline processes such as accounting, human resources, supply chain management, and customer relationship management.
They provide a centralized database that allows different departments to access and share information in real-time.
Examples of popular ERP tools in...
Some configurations in SAP include defining company codes, creating cost centers, setting up document types, and configuring payment terms.
Defining company codes
Creating cost centers
Setting up document types
Configuring payment terms
O2C cycle stands for Order to Cash cycle, which is the process of receiving and fulfilling customer orders.
O2C cycle involves receiving customer orders, processing them, fulfilling the orders, and receiving payment.
It includes steps such as order entry, order processing, order fulfillment, and invoicing.
Example: A customer places an order for a product, the order is processed, the product is shipped, and the custo...
I am a dedicated and detail-oriented individual with experience in data entry and process management.
Experienced in data entry and process management
Detail-oriented and dedicated
Strong organizational skills
Proficient in Microsoft Office suite
I appeared for an interview in Apr 2025, where I was asked the following questions.
I appeared for an interview in Feb 2025.
The golden rules of accounting guide the recording of financial transactions, ensuring accuracy and consistency.
1. Debit what comes in, credit what goes out. Example: When a company purchases inventory, it debits inventory and credits cash.
2. Debit the receiver, credit the giver. Example: If a company receives cash from a customer, it debits cash and credits accounts receivable.
3. Debit all expenses and losses, credit ...
Journal entries are the foundational records in accounting that capture all financial transactions.
A journal entry consists of a date, accounts affected, amounts, and a description.
Example: Debit Cash $1,000 and Credit Sales Revenue $1,000 for a sale.
Each entry must maintain the accounting equation: Assets = Liabilities + Equity.
Journal entries can be simple (one debit and one credit) or compound (multiple debits and c...
I appeared for an interview in Mar 2025, where I was asked the following questions.
Accruals are accounting adjustments for revenues and expenses that have been incurred but not yet recorded.
Accrued Revenues: Income earned but not yet received, e.g., services provided but not billed.
Accrued Expenses: Costs incurred but not yet paid, e.g., salaries for work done but not yet disbursed.
Deferred Revenues: Payments received before services are rendered, e.g., subscription fees collected in advance.
Deferred...
Depreciation is the accounting method for allocating the cost of tangible assets over their useful lives.
Straight-Line Depreciation: Equal expense each year. Example: A machine costing $10,000 with a 5-year life depreciates $2,000 annually.
Declining Balance Depreciation: Accelerated depreciation method. Example: 200% declining balance on a $10,000 asset results in higher early-year expenses.
Units of Production Deprecia...
Basic Accounts related question
Offline Education vs online Education system
Working capital is the difference between current assets and current liabilities of a company.
Working capital is essential for a company's day-to-day operations.
It indicates the company's ability to meet short-term financial obligations.
Formula: Working Capital = Current Assets - Current Liabilities.
Examples: Cash, accounts receivable, inventory are current assets. Accounts payable, short-term loans are current liabili...
GST stands for Goods and Services Tax, a value-added tax levied on most goods and services sold for domestic consumption.
GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer.
It has replaced multiple indirect taxes like VAT, service tax, etc.
GST has 4 tax slabs - 5%, 12%, 18%, and 28%.
Input tax credit can be claimed on taxes paid on input goods and services.
GST registratio...
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
Accounts payable is a liability on the company's balance sheet
It represents the amount of money owed to suppliers for goods or services received
Accounts payable is typically paid within a certain period, often 30, 60, or 90 days
Examples of accounts payable include invoices from suppliers for inve...
I appeared for an interview in Dec 2024.
Yes, I am comfortable with night shifts.
I have previous experience working night shifts and have adapted well to the schedule.
I am a night owl and actually prefer working during the night.
I understand the importance of maintaining a healthy work-life balance even when working night shifts.
My name is John Smith.
Full name is John Smith
Common first and last name
Easy to remember and pronounce
BONDS stands for Building Opportunities for Networking and Discovering Success. It is a program designed to help individuals develop professional skills and expand their network.
BONDS is a professional development program aimed at helping individuals enhance their skills and expand their network.
Participants in BONDS may attend workshops, networking events, and mentorship programs.
The goal of BONDS is to provide indivi...
I applied via Approached by Company
I am a dedicated and detail-oriented individual with a background in customer service and data entry.
Background in customer service
Experience in data entry
Detail-oriented and dedicated
I appeared for an interview in Oct 2024, where I was asked the following questions.
Some of the top questions asked at the Capgemini Process Associate interview -
The duration of Capgemini Process Associate interview process can vary, but typically it takes about less than 2 weeks to complete.
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