Question 2: Why are you looking for a Job Change?
Answer: For the sake of better opportunity· & skill development, I am looking for a Job For Better Opportunity· & enhancing my area of domain, I am looking for a
Job
Question 3: Where do you see yourself after 5 Years?
Answer: After 5 Years I would like to see myself as
an AM with· important portfolio
After 5 Years, I will see myself as a Team Leader role in this· organization
Question 4: What skills will reach you to be a Manager?
Answer: My decision making, problem solving attitude reaches me to be
there.
Question 5: What is your short Term & Long Term Goal?
Answer: My Short term goal is to get this Job & accommodate myself
in this environment & my long term goal is to prove myself as an asset of
the SAP Cubix
Question 2: Why are you looking for a Job Change? For the sake of
better opportunity & skill development, I am looking for a Job Change For
Better Opportunity & enhancing my area of domain, I am looking for a Job
Change Company by implementing t previous experiences.
Question 6: Why Should I hire
you?
Answer: With reference to my for
this Job. I have a experience of P2P that is the key requi Excel expertise
makes me different from And, I am flexible to work in any shifts.
Question 7: Why do you want to work with Accenture?
Answer: It’s a well known brand & provides a great amenities &
environment to the employee work with such a brand & everyone want to be a
part of this organization.
Question 8: How will you commute to Gurgaon/Noida?
Answer: I have my own vehicle & there is a shuttle service from
Faridabad to Gurgaon/Noida, so SAP Cubix by implementing the things that I
learnt from my previous experiences.
Question 6: Why Should I hire
you?
Answer: With reference to my Job
profile, I satisfy all the I have a experience of P2P that is the key
requirement of the Job. My pertise makes me different from others. And, I am
flexible to work in any shifts.
Question 7: Why do you want to work with Accenture?
Answer: It’s a well known brand & provides a great amenities &
environment to the employees & it will be privilege for me to work with
such a brand & everyone want to be a part of this
Question 8: How will you commute to Gurgaon/Noida?
Answer: I have my own vehicle
& there is a shuttle service from Faridabad to Gurgaon/Noida, so that is
not a problem at all. he things that I learnt from my Job profile, I satisfy
all the requirements
Question
1: What is Accounting?
Answer:
Accounting is the process of recording and summarizing
financial
transaction in a us
Question
2: What is Accounts Payable?
Answer:
Accounts Payable is the money that a company owned to
its
Creditors.
Question
3: What is the another name of Accounts Payable?
Answer:
Trade Payables, P2P, Creditors, Suppliers etc.
Question
4: What is P2P?
Answer:
P2P means Procure (Purchase) to Pay.
Question
5: Is there any difference between P2P & AP?
Answer: P2P is a cycle & AP is a part of it.
Question 6: What is P2P Cycle?
Answer: It means Procure to Pay Cycle.
P2P Cycle Starts with Purchase requisition then we have
quotations from vendor, after finalizing the vendor we have to
create the purchase order, then we receive the material, at the
time of receiving material the storekeeper Pass the accounting
entry Material In Account Dr
To GR/IR Account
then we receive the invoice copy,
Limit, 2 Way Match, 3 Way Match & all commercial parameter, we
process the invoice via T Code MIRO & pass the accounting
Entry GR/IR Account Dr.
To Vendor Account
then we release the vendor payment as per pay terms,we
reconcile the vendor account & report to the managment
Question
7: From where our work starts in P2P Cycle?
Answer:
Our works starts from Invoice Processing in P2P Cycle.
Question
8: What is Purchase Requisition?
Answer:
It is a document generated by a production department &
send
to the purchase department regarding the quantity & with in a
time
frame.
Question
9: What is Purchase Order?
Answer:
A Po is an agreement between buyer & seller & it is generated
by
the buyer. It Contains:
A)
Required Quantity
B)
Agreed Price
C)
Description of Goods
D)
Tax Rate
E)
Bank Details of Vendor
F)
Payment terms
G)
Place of Delivery
Question
10: what is the relevance of PO?
Answer:
Since it is an agreement between buyer & seller & in any
case
buyer denies procuring the material then it acts as legal
agreement
for further processing.
Question
11: What are the types of PO?
Answer:
There are four types of PO
1)
Standard PO
2)
Planned PO
3)
Contract PO
4) Blanket
PO
Question
12: Which one is the most commonly used PO?
Answer:
Standard PO.
Question
13: How do you know the Purchase order No of the
material?
Answer:-
It is mentioned in the Invoice, normally on the top the PO
number.
Question
14: What is Standard PO
Answer:-
It is most commonly used PO, it contains all the information
like
Price, Quantity, Description, payment terms, delivery date, bank
details
of vendor etc. For Example:
Question
18: What is Invoice?
Answer:
An invoice is a non negotiable commercial instrument
issued
by seller to buyer. It Contains:
A)
Invoice No
B)
Invoice date
C)
Name & Address of both the parties
D)
GST No of both the parties
E)
Description of Goods
F)
Price/Quantity/Rate
G)
Tax Rate
H)
Taxable Value
I)
Tax Amount
J) Total
Value
K)
Invoice should be signed by the authorized Person.
Question
19: What is Performa invoice?
Answer:
A Performa Invoice is like a quotation issued by seller to
buyer
before delivering of goods or services.
We
can’t process the Performa invoice at any cost.
Question
20: How do you differentiate the Invoice & the Performa
Invoice?
Answer:
It is mentioned over the Invoice whether it is a Invoice or
a
Performa Invoice.
Question
21: Why do we not process Performa invoice?
Answer:
because it is a quotation but sometimes it is used for
releasing
the advance payment.
Question
22: What are the types of Invoice?
Answer:
There are two types of Invoices:
1)
Po Based
2)
Non Po Based
PO
Based: is an invoice where material is involved, A PO is
created
before delivering of goods or services
Non
Po Based Invoice: is an invoice where buyer get the
services
first & will pay for the bill that seller sends it.
Question
23: What is 2 Way Match?
Answer:
Where the price & quantity in the invoice should be
match
with the PO.
Question
24: What is 3 way Match?
Answer:
Where the price & quantity in the invoice should be
match
with the PO & the GRIR report.
Question
25: What is 4 Way Match?
Answer:
where the price & quantity in the invoice should be
match
with PO along with the GR/IR Report & with the Quality
Report.
Question
26: What is tolerance limit?
Answer:
It allows us to process any invoice in SAP.
Question
27: What is the difference between 2 Way & 3 Way
Match?
Answer:
2 Way match where the Price & Quantity in the Invoice
Should
be match with PO.
3
Way Match where the Price & quantity in the Invoice should be
match
with PO & GR/IR Report.
Example
of 2 Way Match are Rent Agreement, 500 kg of Material
Example
of 3 Way Match are 500 kg of Material & 300 T Shirts
etc.
2
Way Match is for Service & Material & 3 Way Match is for only
Material.
Question
28: You have a Material Invoice of, So Will you do 2 Way
or
3 Way Match or both?
Answer:
We will do both 2 Way & 3 Way Match.
Question
29: You have a Service Invoice of Rent Agreement, So
Will
you do 2 Way or 3 Way Match or both?
Answer:
We will do only 2 Way Match as it is a service.
Question
30: How do verify the Non Po Based Invoice?
Answer:
We can verify the Non Po Based Invoice/ Service
Invoice
from the Service Agreement.
Question
31: What is the difference between MIGO & MIRO?
Answer:
MIGO is done by the storekeeper while MIRO is done by
the
Invoice Processing Team.
IN
MIGO the accounting entry would be:-
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