Wipro Accounts Payable Associate Interview Questions and Answers

Trade creditors are suppliers or vendors to whom a business owes money for goods or services received on credit.

• Trade creditors are typically short-term liabilities on a company's balance sheet.

• They arise from purchasing inventory or services on credit, delaying payment.

• For example, if a company buys raw materials from a supplier and agrees to pay later, that supplier becomes a trade creditor.

• Managing trade creditors e...read more

Deferred tax refers to taxes owed or recoverable in future periods due to temporary differences between accounting and tax treatment.

• Deferred tax assets arise when taxable income is less than accounting income, e.g., carryforward of tax losses.

• Deferred tax liabilities occur when taxable income is greater than accounting income, e.g., accelerated depreciation.

• Example: A company uses straight-line depreciation for accoun...read more

I am a detail-oriented and organized individual with experience in accounts payable and a passion for accuracy.

• I have worked in accounts payable for X years, where I have gained experience in processing invoices, reconciling accounts, and communicating with vendors.

• I am skilled in using accounting software such as X and Y, and I am comfortable working with spreadsheets.

• I am a quick learner and am always looking for way...read more