Accounts Clerk Interview Questions and Answers

To fix errors in a systematic way, follow these steps:

• Identify the error and its root cause

• Develop a plan to address the error

• Implement the plan systematically

• Monitor the results and make necessary adjustments

• Document the process for future reference

Accounts payable function involves recording and paying invoices from suppliers.

• Receive invoices from suppliers for goods or services provided

• Verify accuracy of invoices and match them to purchase orders or contracts

• Record invoices in the accounting system

• Prepare payments to suppliers based on due dates

• Reconcile accounts payable to ensure accuracy

• Maintain good relationships with suppliers to ensure timely payments

To calculate percentage from CGPA, multiply CGPA by 9.5.

• Multiply CGPA by 9.5 to get the percentage.

• For example, if CGPA is 8.5, the percentage would be 8.5 * 9.5 = 80.75%.

P2P stands for Procure to Pay, which is the process of obtaining and paying for goods and services from suppliers.

• P2P involves the entire cycle from requisitioning goods to making payments to suppliers.

• It includes steps such as purchase order creation, goods receipt, invoice processing, and payment.

• P2P helps streamline the procurement process and ensure timely payments to suppliers.

• Example: A company uses P2P to order office supplies, receive them, process the supplier's invo...read more