Updated QA Testing Interview Questions On Banking Domain check it now.

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QA Testing Interview Questions On Banking Domain
1. Banking deposit process:
The Deposit Slip
When you deposit cash at a bank you’ll need to use a deposit slip. This is simply a slip of paper
that tells the teller where to put the money. Write your name and account number on the deposit
slip (these are usually available at the lobby or drive through).The first line on the right side of the
deposit slip is generally labeled “CASH”, and this is where you should write the amount of your
deposit. Hand the deposit slip to the teller along with your cash, and wait for a receipt.
Deposit Cash at an ATM
ATM deposits usually work just fine, but there is more risk at the ATM than there is with a teller.
Any mechanical failure or network glitch can cause problems -- and it may be several days (at
least) before you have access to your money.
How ATM Deposits Work
The process for depositing cash at an ATM varies from bank to bank. You may need to use your
ATM card and PIN to access your account before making a deposit. Some ATMs read and count
the bills as you insert them, while others require you to stuff the cash into an envelope (so it will
be counted later by a bank employee). If you're not sure what to do, you'll most likely be able to
follow the ATM's on-screen instructions.
2. Reconciliation of internal bank accounts (statements vs. accounting records)
Bank reconciliation is a process performed by a company to ensure that the company's records
(check register, general ledger account, balance sheet, etc.) are correct and that the bank's
records are also correct.
3. User Acceptance testing experience with any of the above: testing the application with real
scenarios. You can explain all the above scenarios.
4. Must know paper processing
5. General Ledger:
A general ledger is a complete record of financial transactions. The ledger holds account
information that is needed to prepare financial statements, and includes accounts for assets,
liabilities, owners' equity, revenues and expenses.
Accounts Payable: How does the AP process work?
The AP process begins when an AP document is created in the department. Once an AP
document has been completed and is routed through the appropriate departmental approvals, it
goes to the Accounts Payable department for final approval.
If the document is correct, AP approves it for payment. If necessary, AP personnel can make
limited changes to these documents in order to ensure accuracy of payment. These changes will

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not cause any additional routing. If there are corrections that cannot be made by AP, the
document is disapproved and a note is attached indicating what changes need to be made.
If a document is disapproved by Accounts Payable, they will retain the hard copy backup. When
the initiator creates the new, corrected document they should contact Accounts Payable with the
new document number.
Accounts Receivable:
Accounts receivable is the amount of money that is owed to the company after the company
extends the customer credit. For instance, a distributor may deliver napkins and plastic utensils
to a fast food company and be paid for that delivery in the future. When the delivery happens, the
revenue is "recognized." The goods have been delivered and there is a high expectation of
payment. The amount owed is recorded in the accounts payable portion of the balance sheet.
When it is paid, then the accounts payable account is reduced, and the cash account is increased.
When that cash is received, there is no further recognition of revenue as that had been done
already?
In other words, sales are paid for either by cash or credit extended by the company to the
customer. In either event, the revenue is recognized. Then, when the payment is received on the
account receivable, no additional revenue is recorded.
Reconciliation (Business to Business within the Bank):
At the end of every month, it is a good idea to reconcile your checkbook and credit card accounts
by comparing your check copies, debit card receipts and credit card receipts with your bank and
credit card statements. This type of account reconciliation makes it possible to determine whether
money is being fraudulently withdrawn from an account, ensures that financial institutions have
not made any errors impacting your accounts, gives you an overall picture of your spending,
helps you assess whether you’re overspending and shows whether you’re spending too much on
banking and credit card fees. When an account is reconciled, the statement’s transactions and
ending balance should match the account holder’s records. For a checking account, it is also
important to know how any pending deposits or checks outstanding affect the statement
balance—that is, how much money you really have available to spend.