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Accounts Payable Interview Questions

Below we have listed all the Accounts Payable Interview Questions and answers. Feel free to comment on any Accounts Payable Interview Questions or answer by the comment feature available on the page.

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The outstanding bills of an enterprise; money owed to suppliers for goods and services purchased for the normal operations of the venture. Accounts payable are included on the balance sheet under current liabilities.

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Managerial Accounting Interview Questions & Answers (9) Exam Mode | Learning Mode

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Question
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What is debit and credit from the banks point of view ?
4.3 Rating
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What is the difference between Consigner and Consignee?
4.3 Rating
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What steps would you take before approving an invoice for payment?

4.1 Rating
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What is the full form of SOX in accounts?
3.7 Rating
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What is capital market?
3.4 Rating
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What is account payable?
How we pass the entries in account payable and related all the question based on account payable?
3.7 Rating
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What is the types of assets?
3.4 Rating
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Explain about Accounts Payable.
3.6 Rating
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What is the difference between SAP MEMORY and ABAP MEMORY?

3.9 Rating
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What items of information do you need before you can approve an invoice for payment?

4.1 Rating
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What is the meaning of invoice?

3.8 Rating
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Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy.

3.5 Rating
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What do you understand by Intercompany Settlement?

3.6 Rating
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What is FBT(Fringe Benefit Tax)??
3.8 Rating
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Tell us about your experience in accounts payable.

3.8 Rating
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what is account?
4.5 Rating
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How many invoices have you handled on a monthly basis?

3.9 Rating
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Can you give a sample Process Flow for Procure to Pay Cycle?
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What is the difference between EFT & Wire?

3.9 Rating
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What is debit and credit from the customer point of view ?
3.2 Rating
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Latest 20 Questions
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal
"Holiday Packages" announced as an advertisement are an example of _________: (a) Offer (b) Counter Offer (c) Invitation to Offer (d) None of the above
A match fixing contract between a player and a broker is a: (a) Valid Contract (b) Unenforceable Contract (c) Void Contract (d) Illegal Contract
When a bookseller sells a book on cash payment then it is called as ___________: (a) Unilateral Contract (b) Bilateral Contract (c) Executed Contract (d) Executory Contract
____________ agreements are created by situation: (a) Written (b) Oral (c) Void (d) Implied
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