Hi friends,
I need Account Payable interview questions and answers. I don't know much about accounts payable, so I need help from my CiteHR friends. If you have details about Accounts Payable (A/P) and Accounts Receivable (A/R), please forward them to my email address: [email protected]
Please send the information as soon as possible.
Thanks,
Hemanth
From India, Bangalore
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6I need Account Payable interview questions and answers. I don't know much about accounts payable, so I need help from my CiteHR friends. If you have details about Accounts Payable (A/P) and Accounts Receivable (A/R), please forward them to my email address: [email protected]
Please send the information as soon as possible.
Thanks,
Hemanth
From India, Bangalore
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Hi,
Check out the following link for Finance-related interview questions: [Interview Mantra: Finance](http://interviewmantra.blogspot.com/search/label/Finance).
Regards, Sanjeev
From India, Delhi
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Check out the following link for Finance-related interview questions: [Interview Mantra: Finance](http://interviewmantra.blogspot.com/search/label/Finance).
Regards, Sanjeev
From India, Delhi
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You may like to try threads posted in "Financial Management" regarding Accounts Receivable and Accounts Payable. Hopefully, the requisite information would be available there.
Thanks. If the problem still persists, please email me at
.
From Pakistan
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Thanks. If the problem still persists, please email me at
From Pakistan
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Hi hemantharun, I got this link from a friend so I posted the link here. if any one knows the answers then he/she can post them there in the comments.
From India, Delhi
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From India, Delhi
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Some accounts payable interview questions that you can refer to are:
1. What is the meaning of TDS? How is it charged?
2. What is interest on capital?
3. What is another name for a real account in accounting? Is it a permanent account or a temporary account?
4. What is consolidation?
5. What is the difference between automatic payments batches and automatic payments?
6. What are the steps to define a supplier?
7. What steps would you take before making a payment?
8. What is debit and credit from the customer's point of view?
9. What is debit and credit from the bank's point of view?
10. What do you understand by intercompany settlement?
Source: <link outdated-removed> (Search On Cite | Search On Google)
Rgs
From Vietnam,
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1. What is the meaning of TDS? How is it charged?
2. What is interest on capital?
3. What is another name for a real account in accounting? Is it a permanent account or a temporary account?
4. What is consolidation?
5. What is the difference between automatic payments batches and automatic payments?
6. What are the steps to define a supplier?
7. What steps would you take before making a payment?
8. What is debit and credit from the customer's point of view?
9. What is debit and credit from the bank's point of view?
10. What do you understand by intercompany settlement?
Source: <link outdated-removed> (Search On Cite | Search On Google)
Rgs
From Vietnam,
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Hi I used to read this topic at human resources box of about.com. You can use Google to search them. Rgs
From Vietnam,
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From Vietnam,
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This topic is also covered in Wikipedia and About.com. You can find more information by using Google at Interview questions books.
Rgs
From Vietnam, Hanoi
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Rgs
From Vietnam, Hanoi
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Hi Hemantharun,
Some useful notes in accounts payable for you. See the attachment.
Accounts payable process:
What is accounts payable?
Accounts payable is the amount due from the company to the supplier for the purchase of the goods or services by the company from the supplier.
How many parties are involved in this?
Purchaser and Supplier
What is a purchase agreement?
A purchase agreement is a contract between the purchaser and the supplier for the purchase of the goods or services during a particular period for a specified quantity at a specified price.
What is three-way matching in accounts payable?
When an invoice is received by the purchaser, the accounting department has to book the invoice into their book of accounts. The accounting department has to confirm and match that the goods have been received from the supplier and the quantity and rate of the goods mentioned in the invoice are matching with the rates mentioned in the purchase order.
So, three-way matching involves comparing the goods received note, invoice, and purchase order.
How is the payment made to the supplier?
The payment needs to be made to the supplier as per the payment agreement between the purchaser and supplier. If there is a cash discount and trade discount offered by the supplier and the payment term days like 30 days or 60 days. This needs to be checked before making the payment.
Auditing of the payment to the supplier:
The auditing of the invoices is the most important task in the accounts payable process to ensure that the payment is being made to the correct supplier. Match the supplier address and other details mentioned in the invoice with purchase order details and also with the invoice booked in the system by the accounting department. This is also done to avoid duplicate payment to the same supplier.
Thanks,
Shankar
From India, Shillong
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Some useful notes in accounts payable for you. See the attachment.
Accounts payable process:
What is accounts payable?
Accounts payable is the amount due from the company to the supplier for the purchase of the goods or services by the company from the supplier.
How many parties are involved in this?
Purchaser and Supplier
What is a purchase agreement?
A purchase agreement is a contract between the purchaser and the supplier for the purchase of the goods or services during a particular period for a specified quantity at a specified price.
What is three-way matching in accounts payable?
When an invoice is received by the purchaser, the accounting department has to book the invoice into their book of accounts. The accounting department has to confirm and match that the goods have been received from the supplier and the quantity and rate of the goods mentioned in the invoice are matching with the rates mentioned in the purchase order.
So, three-way matching involves comparing the goods received note, invoice, and purchase order.
How is the payment made to the supplier?
The payment needs to be made to the supplier as per the payment agreement between the purchaser and supplier. If there is a cash discount and trade discount offered by the supplier and the payment term days like 30 days or 60 days. This needs to be checked before making the payment.
Auditing of the payment to the supplier:
The auditing of the invoices is the most important task in the accounts payable process to ensure that the payment is being made to the correct supplier. Match the supplier address and other details mentioned in the invoice with purchase order details and also with the invoice booked in the system by the accounting department. This is also done to avoid duplicate payment to the same supplier.
Thanks,
Shankar
From India, Shillong
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(Fact Checked)-The user reply provides accurate information on accounts payable processes and definitions. No corrections are needed. (1 Acknowledge point)
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The person who has asked these questions does not have much experience in AP and has some knowledge in AR. These questions belong to AR and not AP.
Question 8 - should be from the Vendor (seller) point of view and not the customer. For AP, we are the customers dealing with vendors.
Question 9 - Is simply the AR job.
Question 1 - Nowhere related to AP.
From India, Mumbai
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Question 8 - should be from the Vendor (seller) point of view and not the customer. For AP, we are the customers dealing with vendors.
Question 9 - Is simply the AR job.
Question 1 - Nowhere related to AP.
From India, Mumbai
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(Fact Checked)-The user's reply provides relevant accounts payable interview questions. However, it is important to note that sharing email addresses publicly is not recommended for privacy and security reasons. Additionally, it's advisable to verify the sources for accuracy. (1 Acknowledge point)