hemantharun Started The Discussion:
Hi friends,
I need Account payable interview question and answer.
I dont about the accounts payable, so i need help from my citehr friends.
Please if you have A/P and A/R details please forward to my mail id
Please send as soon as possible
23rd June 2008 From India, Bangalore

Hi, Check out the following link for Finance Related Interview Questions: (Interview Mantra: Finance) at http://interviewmantra.blogspot.com/search/label/Finance Regards, Sanjeev
23rd June 2008 From India, Delhi
You may like to try threats posted in "Financial Management" regarding Accounts Receivable and Accounts Payable, hopefully the requisite information would be available there. Thanks, If problem still persists, please write me at
26th June 2008 From Pakistan
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.
27th June 2008 From India, Delhi
hi friend, i hope this will help u,
27th June 2008 From India, Raurkela
Attached Files
File Type: doc accounting term.doc (47.0 KB, 4827 views)
Some accounts payable interview questions that you can ref:
1. What is the meaning of TDS? How it is 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 different between automatic Payments Batches and automatic payments?
6. What are steps to define supplier?
7. What steps would you take before making a payment?
8. What is debit and credit from the customer point of view?
9. What is debit and credit from the banks point of view?
10. What do you understand by Intercompany Settlement?
source: <link outdated-removed> ( Search On Cite | Search On Google )
28th June 2009 From Vietnam,
Hi I used to read this topic at human resources box of about.com. You can use Google to search them. Rgs
25th October 2009 From Vietnam,
This topic also is written in wikipedia and about.com. You can find it by using Google (Interview questions books) at http://www.vinetbooks.com/interview-questions-books/ Rgs
20th December 2009 From Vietnam, Hanoi
Hi hemantharun

Some usefule notes in accounts payable for you. see the attachement.

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 involved in this?

Purchaser and Supplier

What is purchase agreement?

Purchase agreement is a contract between the purchaser and the supplier for the purchase of the goods or services during a particular period for specified quantity at a specified.

What is three ways 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 rates mentioned in the purchase order.

So three way matching comparing the goods received note, Invoice and Purchase Order.

How the payment is being made to the supplier?

The payment needs to be made to the supplier as per payment agreement between purchaser and supplier. If there is cash discount and trade discount offered by the supplier and the payment term days like 30 days or 60 days. This needs to check before making the payment.

Auditing of the payment to the supplier:

The auditing of the invoices is most important task in 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 invoice booked in the system by the accounting department. This is also done to avoid the duplicate payment to the same supplier.


26th March 2010 From India, Shillong
Attached Files
File Type: doc Accounts payable process.doc (27.5 KB, 1402 views)
The person who have asked these questions does not have much experience in AP and have some knolwedge in AR. These questions belongs to AR and not AP.
Question 8 - should from 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 - No where related to AP
9th August 2012 From India, Mumbai

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