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86+ Accounts Payable Interview Questions And Answers

Accounting ➔ Accounts Payable Job Interview Questions and Answers

Accounts Payable Interview Questions and Answers will guide us here that Accounts payable is a file or account that contains money that a person or company owes to suppliers, but has not paid yet and a form of debt. When we receive an invoice we add it to the file, and then we remove it when we pay. Learn Accounts Payable basic and advance concepts by out Accounts Payable Interview Questions and Answers Guide.

► What is VAT (Value Added Tax)?
► What is end to end AP process explain briefly?
► Do you know how to debit the bank cash book upon withdrawn of cash from the bank?
► What is debit from the banks point of view?
► What is three Way Matching Concept?
► Accounts payable interview questions part 2:
► Accounts payable interview questions part 1:
► Tell me what mandatory fields to be entered while processing invoices?
► What is Non-PO invoice?
► What is PO invoice?
► What is accounts payable process and its impact to business?
► What is Gpm?
► Do you know purchase of car would be a debit or a credit to a bank?
► Do you know what is interest on capital?
► Do you know what is TDS? How to charged it?
► From which account the prepaid expences comes in personal, real or nominal?
► For what purpose we are exactly using reversal journal entry?
► Tell me what are the journal entries that will be passing from the Goods received till the payment made to supplier?
► Purchased equipment from ABC company, $9,000. Paid $1,500 down and the balance was placed on account. Payments will be $375.00 per month for twenty months. The first payment is due 4/1. How would you enter this into a journal entry?
► General questions asked by Accounts Payable:
► Tell me who is department approver and releaser?
► What is pro forma?
► What is invoice?
► For submitting multiple invoices for one supplier which is the correct form?
► Why registration form need to be completed by supplier?
► Tell me the process for creating a Purchase Order?
► What is payment request?
► What is purchase order?
► Do you know when purchase order required?
► When I have already sent in the invoice why is a Payment Request Form required?
► When payment request form required?
► Do you know what is reimbursements for dinner/lunch meetings?
► Can it's possible that I approve my own reimbursement?
► For an invoice/request for payment to be paid how long does it take?
► How do I know whether I should Purchasing with a question or call Accounts Payable?
► What form do I use?
► How to detect frauds from "Invoices that don't have cents"?
► What is Benford's Law and how to use it?
► How to monitor duplicate payments?
► Do you know about separate responsibilities?
► How to speak with your vendors?
► Are you applying for some other jobs?
► What you think which is your greatest weakness?
► Why do you want to work here?
► What are your carreer goals?
► Tell me about your strong points?
► What are your strengths as an accounting professional?
► Tell me what was your average accounts receivable days outstanding?
► Tell me about that information which is included in a bill for services?
► Tell me about that software applications which have you used for accounts receivable?
► What role you can play in collections?
► Tell me with what accounts payable applications are your familiar?
► What is accounts payable cycle?
► How did you manage the problem if you been involved in an invoice dispute?
► Would you like to tell me about a recent invoice discrepancy you discovered and how you resolved it?
► On what steps you approve an invoice for payment?
► What steps you take before you approve an invoice for payment?
► What unusual questions an interviewer can asked?
► How to take time after question?
► How to make sense of interviewer questions?
► Why not to be a dodger?
► How to ask for clarification?
► How to keep your composure?
► Do you have willingness to learn?
► What organizational skills you have?
► What is the meaning of invoicing?
► What is Accounting Software
► What is credit from the banks point of view?
► What is the difference between billable and non-billable expenses?
► What steps would you take before approving an invoice for payment?
► What is the meaning of invoice?
► What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?
► What is the difference between Consignor and Consignee?
► What is the difference between SAP MEMORY and ABAP MEMORY?
► How is a PO (Purchase order created)?
► How does the payment mechanism work?
► What do you understand by Open Item Managed Account?
► What do you mean by WCC?
► What is an IFA?
► What do you understand by Intercompany Settlement?
► What is FBT (Fringe Benefit Tax)?
► What is debit and credit from the banks point of view?
► What is meant by liabilities?
► What steps would you take before making a payment?
► 1. If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now. How it possible?  2. What about VAT like Tax Setups in AP and AR?  3. what about the SWEEP command in AP?
► What are steps to define supplier?

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