Fore C Software Interview Questions and Answers

The golden rules of accounting are basic principles that guide the process of recording financial transactions.

• The golden rules of accounting include the principles of Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; and Debit expenses and losses, Credit income and gains.

• For the insurance premium paid for the entire year on 1st January, the accounting treatment on 31st March would involve recognizing only 3 months of the premium as an expense i...read more

The insurance premium paid for the entire year needs to be allocated over the months it covers in the accounting records.

• Allocate 1/12th of the premium to each month from January to December

• Recognize the insurance expense each month as per the allocation

• Adjust the prepaid insurance account accordingly at the end of each month

• At the end of March, adjust the prepaid insurance account to reflect the portion of premium used up

Content moderation involves monitoring and managing user-generated content to ensure it meets community guidelines and standards.

• Content moderation is the process of reviewing and monitoring user-generated content on online platforms.

• It involves enforcing community guidelines and standards to maintain a safe and respectful online environment.

• Moderators may remove inappropriate or harmful content, such as hate speech, violence, or spam.

• They may also respond to user reports and...read more

Content moderation involves monitoring and managing user-generated content to ensure it meets community guidelines and standards.

• Monitoring user-generated content for inappropriate or harmful material

• Enforcing community guidelines and standards

• Removing or flagging content that violates policies

• Providing feedback to users on content moderation decisions

Accounting concepts are fundamental principles and guidelines that govern the field of accounting.

• Accrual concept: Revenue and expenses are recorded when they are earned or incurred, not when cash is exchanged.

• Consistency concept: Accounting methods and procedures should be consistent from one period to another.

• Going concern concept: Assumes that a business will continue to operate indefinitely.

• Matching concept: Expenses should be matched with the revenues they helped generat...read more

Accrual concept of accounting recognizes revenues and expenses when they are incurred, regardless of when cash is exchanged.

• Revenue is recorded when it is earned, not necessarily when cash is received.

• Expenses are recorded when they are incurred, not necessarily when they are paid.

• This concept helps in providing a more accurate representation of a company's financial position and performance.

• Example: A company records revenue when it delivers goods to a customer, even if the ...read more

Content moderation involves monitoring and managing user-generated content to ensure it meets community guidelines and standards.

• Content moderation includes reviewing text, images, videos, and other forms of content posted by users.

• It involves enforcing community guidelines and terms of service to maintain a safe and respectful online environment.

• Moderators may remove inappropriate content, respond to user reports, and escalate issues as needed.

• Automated tools and algorithms ...read more

Content moderation is the process of monitoring and reviewing user-generated content to ensure it complies with community guidelines and policies.

• Content moderation involves reviewing and filtering user-generated content.

• It aims to ensure that the content aligns with community guidelines and policies.

• Moderators assess and remove inappropriate, offensive, or harmful content.

• Examples include reviewing comments on social media platforms, filtering images or videos on a website, ...read more