Professional Accounts Receivable Clerk Interview Questions & Answers:

1. What software applications have you used for accounts receivable?

List the applications you have used and expand on the value of the solutions they offered to your particular company. Look at aspects such as tracking transactions, assessing late payments, creating past due notices and printing out relevant reports.

2. Tell me what Are The Three Golden Rules Of Accounts?

Personal accounts --> Debit the benefit receiver, credit the benefit giver.
Real accounts --> Debit what comes in, credit what goes out.
Nominal Accounts --> Debit all expenses and losses, credit all incomes and gains.

3. Tell me what impact did you have in your last job?

I'm a team player and am always willing to help others out when needed as long as my job was finished completely.

4. Tell us what experiences do you have in accounts receivable?

I worked with a successful practice that required creative billing practices in order to receive the highest reimbursement.

5. Tell me what Is An Accounts Receivables?

Money owed by a business enterprise for merchandise bought on open account. It is also called "A/R" or just "Receivables". Accounts Receivable are the amounts owed to a company by its customers and/or employees.

6. Please tell me what is working capital?

Working capital is typically defined as current assets less current liabilities. In banking, working capital is normally defined more narrowly as current assets (excluding cash) less current liabilities (excluding interest bearing debt).

7. What Is Factoring?

Selling the rights to the amounts owing by debtors to a finance company for an agreed amount (which is less than the figure at which they are recorded in the accounting books because the finance company needs to be paid for providing the service).

8. Tell us what role did you play in collections?

Again focus on the skills and abilities you bring to the collections function. Demonstrate how you have used your good interpersonal skills, perseverance, ability to managing conflict, negotiation skills and communication ability for successful collections.

9. Tell me how do you record PPE and why is this important?

There are essentially 4 areas to consider when accounting for PP&E on the balance sheet: initial purchase, depreciation, additions (capital expenditures), and dispositions. In addition to these four you may also have to consider revaluation. For many businesses PP&E is the main capital asset that generates revenue, profitability and cash flow.

10. Tell me what Are Examples Of Deferred Revenue Expenditure?

It is an expenditure the benefit of which will be realised over a period and not during the current period.Ex-Heavy Advertisement expenditure incurred by the company for promoting the product.The benefits of this huge expenditure will be realised over the period and not in the same period when it is incurred.