3500+ Interview Questions and Answers

The insurance premium paid for the entire year will be apportioned for the period of 1st January to 31st March.

• The portion of premium for the period of 1st January to 31st March will be treated as prepaid expense and will be shown in the balance sheet as an asset.

• The remaining portion of premium will be treated as an expense and will be shown in the income statement.

• The prepaid expense will be gradually expensed out over the period of January to December.

• The accounting entry ...read more

Determining the price to pay to a housing society for their garbage collection and sale to 5 different vendors while making a 20% profit.

• Calculate the cost of collecting and transporting the garbage

• Research the market prices for each type of waste material

• Determine the profit margin required

• Calculate the selling price to each vendor based on market prices and profit margin

• Determine the price to pay to the society members based on the cost and profit margin

• Consider negotiating...read more

The three golden rules of accounting are the basis of all accounting practices.

• The first rule is the accounting equation: Assets = Liabilities + Equity

• The second rule is the double-entry principle: Every transaction has two equal and opposite effects on the accounting equation

• The third rule is the revenue recognition principle: Revenue should be recognized when it is earned, not when it is received

The task is to find all duplicate elements in an array of integers.

• Iterate through the array and keep track of the count of each element using a hashmap.

• Return all elements from the hashmap with count greater than 1 as the duplicate elements.

Basic concepts of accounting include assets, liabilities, equity, revenue, and expenses.

• Assets are resources owned by a company, such as cash, inventory, and property.

• Liabilities are debts owed by a company, such as loans and accounts payable.

• Equity represents the residual interest in the assets of a company after liabilities are deducted.

• Revenue is the income earned by a company from its operations, such as sales.

• Expenses are the costs incurred by a company in order to gener...read more

Car A's speed is 90kmph

• Use the formula: Speed = Distance/Time

• Assume the distance to be the same for both cars

• Calculate Car A's time using the given information

• Substitute the values in the formula to get Car A's speed

Accrual concept of accounting recognizes revenues and expenses when they are earned or incurred, regardless of when cash is received or paid.

• Accrual concept is based on the matching principle, which ensures that revenues and expenses are recorded in the same accounting period.

• Under accrual accounting, revenues are recognized when they are earned, even if the cash is not received yet.

• Expenses are recognized when they are incurred, even if the cash is not paid yet.

• Accrual accou...read more

Customers leaving a US-based international bank in Asia for local/regional banks.

• Possible reasons could be lack of understanding of local market and culture

• Inability to provide personalized services to customers

• Higher fees and charges compared to local/regional banks

• Competition from other international banks with better offerings

• Negative perception due to scandals or controversies involving the bank

• Lack of innovation and adoption of new technologies

• Language barriers and commu...read more

Create a digital marketing campaign targeting tourists and potential customers outside Jaipur.

• Create a website and social media pages to showcase the unique perfumes and their ingredients.

• Partner with local hotels and travel agencies to promote the perfumes to tourists.

• Offer discounts or promotions for customers who refer their friends and family.

• Create a loyalty program to incentivize repeat customers.

• Consider expanding the product line to include other unique scents.

• Collect...read more

An invoice is a document requesting payment for goods or services, a PO is a purchase order, BRS is bank reconciliation statement, trial balance is a summary of all accounts, P&L account is a financial statement showing revenue and expenses, cash flow statement shows cash inflows and outflows, subsidiary books are records of specific transactions, debit note is a document for recording an increase in liability, credit note is a document for recording a decrease in liability, ...read more

Protocol, informed consent form, phases of clinical trials, phase 1 objective, and participants in clinical trials.

• Protocol is a detailed plan outlining the objectives, design, methodology, and conduct of a clinical trial.

• Informed consent form is a document that provides information about the trial to participants and ensures their voluntary participation.

• Clinical trials have different phases: Phase 1, Phase 2, Phase 3, and Phase 4.

• Phase 1 trials aim to evaluate the safety, d...read more

Budgeting and forecasting involve the process of planning and estimating future financial outcomes.

• Budgeting is the process of creating a detailed plan for income and expenses over a specific period.

• Forecasting involves predicting future financial performance based on historical data and market trends.

• Budgeting helps in setting financial goals, allocating resources, and monitoring financial performance.

• Forecasting assists in making informed decisions, identifying potential ri...read more

Find sum of numbers in range 1 to m (both inclusive) not divisible by n. Return difference between sum of non-divisible and divisible numbers.

• Iterate through range 1 to m and check if number is divisible by n.

• If not divisible, add to sum of non-divisible numbers.

• If divisible, add to sum of divisible numbers.

• Return difference between sum of non-divisible and divisible numbers.

I am an experienced accountant with knowledge of accounting golden rules, depreciation, BRS entries, and sales entries.

• Accounting golden rules are the basic principles that guide the recording of financial transactions.

• Depreciation is the decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors.

• Types of depreciation include straight-line depreciation, reducing balance depreciation, and sum-of-years' digits depreciation.

• BRS entries refer...read more

OTC stands for Order to Cash, which is the process of receiving and fulfilling customer orders.

• OTC is a business process that involves receiving and processing customer orders.

• It includes activities such as order entry, order fulfillment, and order invoicing.

• OTC aims to ensure timely and accurate delivery of products or services to customers.

• It involves coordination between various departments like sales, operations, and finance.

• OTC process can be optimized to improve efficie...read more

Journal entry for cash sales involves debiting the cash account and crediting the sales revenue account.

• Debit the cash account to reflect the increase in cash due to the sales

• Credit the sales revenue account to record the revenue generated from the sales

• The journal entry would typically be: Cash (debit) and Sales Revenue (credit)

The journal entry in the vendor account for returning goods is a credit entry to the vendor's account and a debit entry to the purchase return account.

• The journal entry will decrease the vendor's account balance and increase the purchase return account balance.

• The credit entry to the vendor's account represents the reduction in accounts payable.

• The debit entry to the purchase return account represents the increase in the purchase return expense.

• The specific accounts used may ...read more

A casino is a facility that houses and accommodates various types of gambling activities.

• Advantages of social media: increased connectivity, access to information, and platform for self-expression

• Disadvantages of social media: cyberbullying, privacy concerns, and addiction

• Examples of advantages: staying connected with friends and family, finding job opportunities, and sharing creative content

• Examples of disadvantages: online harassment, data breaches, and excessive screen tim...read more

To solve the problem of employees having different solutions, it is important to encourage open communication, facilitate collaboration, and consider all perspectives.

• Encourage open communication among employees to understand their different solutions

• Facilitate collaboration by organizing team meetings or brainstorming sessions

• Consider all perspectives and evaluate the pros and cons of each solution

• Seek consensus or compromise to find a solution that satisfies everyone

• Impleme...read more

To analyze the problem of poor performance of certain pizza outlets after the pandemic, start by identifying potential factors and gathering data.

• Identify potential factors such as changes in consumer behavior, supply chain disruptions, or local regulations

• Gather data on sales, customer feedback, employee turnover, and operational costs

• Analyze the data to identify patterns and correlations

• Develop hypotheses and test them through further analysis or experiments

• Recommend soluti...read more

Accounts to be maintained in accounts include cash, accounts receivable, accounts payable, inventory, and fixed assets.

• Cash account for recording all cash transactions

• Accounts receivable for recording money owed to the company by customers

• Accounts payable for recording money owed by the company to suppliers

• Inventory for recording the value of goods held for sale

• Fixed assets for recording long-term assets such as property, plant, and equipment

The journal entry for prepaid expense involves debiting the prepaid expense account and crediting the cash or accounts payable account.

• Prepaid expenses are expenses that have been paid in advance but have not yet been used or consumed.

• To record a prepaid expense, the prepaid expense account is debited to increase its balance.

• The corresponding credit is made to either the cash account if the expense was paid in cash, or the accounts payable account if the expense was paid on c...read more

The journal entry for provision of bad debts is a debit to Bad Debt Expense and a credit to Allowance for Doubtful Accounts.

• Bad Debt Expense is an expense account that represents the amount of uncollectible accounts receivable.

• Allowance for Doubtful Accounts is a contra-asset account that reduces the balance of accounts receivable to its net realizable value.

• The provision for bad debts is an estimate of the amount of accounts receivable that are expected to be uncollectible.

• E...read more

Golden rules of Accounting, Accrual & Matching Concept.

• Golden rules of accounting include the accounting equation, double-entry accounting, and the concept of debits and credits

• Accrual concept states that revenue and expenses should be recognized when earned or incurred, regardless of when cash is received or paid

• Matching concept states that expenses should be matched with the revenue they helped generate in the same accounting period

• For example, if a company sells goods on c...read more

Yes, I can use Excel formulas to process the given data and provide the desired output.

• Excel formulas can be used to perform various calculations and manipulations on data

• They can be used to perform mathematical operations, create formulas based on logical conditions, and manipulate text

• Examples of Excel formulas include SUM, IF, VLOOKUP, CONCATENATE, etc.

Use React Router's Redirect component to redirect to login page if user is not logged in.

• Create a PrivateRoute component that checks if user is logged in

• If user is not logged in, redirect to login page using Redirect component

• Wrap the routes that require authentication with PrivateRoute component

The journal entry for goods destroyed through fire

• Debit the amount of goods destroyed to the Loss by Fire account

• Credit the amount of goods destroyed to the Inventory account

• If insurance is involved, credit the amount received from the insurance company to the Insurance Receivable account

Use the 'accept' attribute in the input tag to specify accepted file types.

• Add the 'accept' attribute to the input tag.

• Set the value of the 'accept' attribute to 'image/jpeg, image/png'.

To handle a bulk of invoices, prioritize tasks, use organizational tools, and establish a systematic workflow.

• Prioritize tasks based on due dates and importance

• Utilize organizational tools such as spreadsheets or project management software

• Establish a systematic workflow by breaking down the bulk into manageable chunks

• Allocate dedicated time slots for invoice processing

• Communicate with relevant stakeholders to ensure timely payments

• Automate repetitive tasks using technology i...read more

To push up declining sales of a major player in the ready to eat food category in Tier I cities in India, recommendations include targeting IT/consult sector people and hostelites, improving product packaging and branding, offering discounts and promotions, expanding distribution channels, and conducting market research.

• Target the IT/consult sector people and hostelites as the primary consumer segment

• Improve product packaging and branding to attract attention and differentiat...read more

tmap is used to transform data in Talend, tjoin is used to join data. There are different types of connections, truncate and delete are different ways to remove data from a table. ETL stands for Extract, Transform, Load. Triggers are database objects that are automatically executed in response to certain events. There are different types of joins.

• tmap is used for data transformation in Talend

• tjoin is used for joining data in Talend

• Types of connections include database connect...read more

Digital marketing refers to the use of digital channels and technologies to promote products or services.

• Digital marketing involves various strategies such as search engine optimization (SEO), social media marketing, email marketing, and content marketing.

• It aims to reach and engage with a target audience through online platforms.

• Digital marketing allows businesses to track and analyze their marketing efforts, measure success, and make data-driven decisions.

• Examples of digita...read more

Prudence concept is the principle of exercising caution and good judgment in decision-making.

• It involves taking a conservative approach to financial management

• It requires considering potential risks and uncertainties before making decisions

• It is important for ensuring the long-term financial stability of an organization

• For example, a company may choose to hold onto excess cash reserves rather than investing them in risky ventures

Code to find length of string without using strlen() function.

• Use a loop to iterate through each character of the string

• Increment a counter variable for each character in the string

• Stop the loop when the null character '\0' is encountered

• Return the counter variable as the length of the string

Ind AS 116 and AS 17 are accounting standards related to lease accounting.

• Ind AS 116 is the Indian Accounting Standard for lease accounting, which was introduced in 2019.

• AS 17 is the Accounting Standard for lease accounting issued by the Institute of Chartered Accountants of India (ICAI).

• Before Ind AS, lease accounting in India followed AS 17, which required lessees to classify leases as either finance leases or operating leases.

• Under AS 17, finance leases were capitalized on...read more

A list of questions related to Informatica MDM and its processes.

• Automerging jobs in Informatica MDM

• Defining trust settings for base objects

• Loading data into Siperian Hub

• Match rules and tokenization in Informatica MDM

• Data loading stages and components of Informatica Hub Console

Journal entry for bad debts

• Debit the bad debt expense account

• Credit the accounts receivable account for the amount of the bad debt

• If the bad debt has already been written off, credit the allowance for doubtful accounts account instead of accounts receivable

• Example: Debit Bad Debt Expense for $500, Credit Accounts Receivable for $500

A data management plan is a document that outlines how data will be collected, organized, stored, and shared.

• A data management plan (DMP) is a formal document that describes the processes and procedures for managing data throughout its lifecycle.

• It includes details on data collection, storage, organization, documentation, sharing, and preservation.

• A DMP ensures that data is managed effectively, securely, and in compliance with relevant regulations and policies.

• Discrepancy man...read more

Interview questions for Senior Quality Engineer position

• findElements returns a list of web elements while findElement returns a single web element

• OOPS concepts include inheritance, polymorphism, encapsulation, and abstraction

• TestNG framework allows for easy test case management and reporting

• Reports in TestNG can be generated using the TestNG XML file or by using listeners

• Defect life cycle includes identification, logging, prioritization, fixing, and verification

• Priority and s...read more

Output index is a single index while output indexes is an array of indexes in Reformat component.

• Output index refers to a single output field in Reformat component.

• Output indexes refer to multiple output fields in Reformat component.

• Output index is specified using a single integer value.

• Output indexes are specified using an array of integer values.

Entry of interest received in advance refers to the accounting entry made when a company receives interest income before it is earned.

• Interest received in advance is recorded as a liability on the balance sheet.

• It represents the amount of interest income that has been received but has not yet been earned.

• The entry involves debiting the cash account and crediting the interest received in advance account.

• As the interest is earned over time, the liability is reduced and the corr...read more

This question is inappropriate and irrelevant to the job role.

• The question is unrelated to the job of a Transaction Processing Associate.

• It is not appropriate to ask personal financial information in an interview.

• The focus should be on the candidate's skills and qualifications for the role.

Answers to questions related to SAP ABAP Development Consultant interview.

• Object Oriented ABAP is a programming paradigm that uses objects to represent real-world entities.

• Abstraction is the process of hiding implementation details and showing only the necessary information to the user.

• Polymorphism is the ability of an object to take on many forms.

• Method overloading is having multiple methods with the same name but different parameters, while method overriding is having a met...read more

Key points to notice during invoice processing

• Accuracy of invoice details

• Matching invoice with purchase order and receipt

• Checking for duplicate invoices

• Verifying payment terms and discounts

• Ensuring proper coding and approval

• Identifying any discrepancies or errors

• Maintaining proper documentation and record keeping

Answering questions related to HTML, CSS, and JavaScript for an application development analyst position.

• HTML semantic elements provide meaning to the content and improve accessibility and SEO.

• Doctype is used to declare the HTML version and ensure proper rendering in the browser.

• The order in which elements are seen in the browser is determined by the HTML structure and CSS positioning.

• Different units of CSS attributes include pixels, ems, rems, percentages, and viewport units...read more

CDM starts in the data collection phase of clinical trials. Blinding is a method to reduce bias. There are different types of blinding.

• CDM starts in the data collection phase of clinical trials.

• Blinding is a method used to reduce bias in clinical trials.

• Blinding involves withholding information from participants, investigators, or both.

• Types of blinding include single-blind, double-blind, and triple-blind.

• In single-blind trials, participants are unaware of the treatment they ...read more