AdamsBridge Global Interview Questions and Answers

Manual testing is the process of manually checking software for defects without automation tools.

• Involves executing test cases manually without the use of automation tools.

• Testers simulate user behavior to identify bugs and ensure functionality.

• Examples include exploratory testing, where testers explore the application without predefined test cases.

• Regression testing is often done manually to verify that new chang...read more

An accruals journal is used in accounting to record expenses and revenues that have been incurred but not yet paid or received.

• Accruals journal entries are used to match expenses with revenues in the same accounting period, even if the cash transaction has not occurred yet.

• Accruals help provide a more accurate representation of a company's financial position by recognizing expenses and revenues when they are incur...read more

Prepaid journals are accounting entries made to record expenses that have been paid in advance but have not yet been incurred.

• Prepaid journals are used to adjust the financial statements by recognizing expenses that have been paid for but not yet used.

• Common examples of prepaid journals include prepaid rent, prepaid insurance, and prepaid advertising.

• These entries involve debiting a prepaid expense account and cre...read more

The golden rules are fundamental principles or guidelines that should be followed for success or achieving a goal.

• Golden rules are basic principles that should be followed in any situation.

• They are often considered universal truths or best practices.

• Examples include treating others as you would like to be treated, being honest and trustworthy, and always striving for excellence.

Accruals and depreciation are important concepts in accounting.

• Accruals are adjustments made to ensure that expenses and revenues are recognized in the period they occur, regardless of when cash is exchanged.

• Journal entries for accruals involve debiting an expense account and crediting a liability account.

• Depreciation is the allocation of the cost of a fixed asset over its useful life to reflect its gradual consum...read more

Journal Entries are records of financial transactions in a company's accounting system.

• Journal Entries are used to record the debits and credits of a transaction.

• Accruals are expenses incurred but not yet paid for, while Depreciation is the allocation of the cost of an asset over its useful life.

• Golden Rules of accounting include Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debi...read more