A J Mohan & Associates Audit Assistant Interview Questions and Answers

Depreciation is necessary to allocate the cost of an asset over its useful life.

• Depreciation helps in matching the cost of an asset with the revenue it generates.

• It allows for the recognition of the wear and tear, obsolescence, and loss of value of assets over time.

• Depreciation expense reduces taxable income, resulting in tax savings for companies.

• It helps in determining the true profitability and financial position of...read more

Multithreading is the ability of a CPU to execute multiple threads concurrently, improving performance and responsiveness.

• Multithreading allows for parallel execution of tasks, utilizing multiple CPU cores.

• It enables concurrent processing, where multiple threads can execute simultaneously.

• Thread synchronization mechanisms like locks and semaphores are used to prevent data inconsistencies.

• Multithreading can be used to i...read more

Constructors are used to initialize objects while destructors are used to destroy objects.

• Constructors are called when an object is created while destructors are called when an object is destroyed.

• Constructors have the same name as the class while destructors have the same name as the class preceded by a tilde (~).

• Constructors can be overloaded while destructors cannot be overloaded.

• Constructors do not have a return ty...read more