IBM Interview Questions and Answers

Ms Excel is a spreadsheet program used for data organization and analysis. It includes various shortcuts and formulas for efficient data manipulation.

• Shortcuts: Ctrl+C (copy), Ctrl+V (paste), Ctrl+S (save), Ctrl+Z (undo)

• Formulas: SUM (adds up a range of cells), AVERAGE (calculates the average of a range of cells), VLOOKUP (searches for a value in a table)

The journal entry of a bank deposit involves debiting the bank account and crediting the cash account.

• Debit the bank account to increase the balance and credit the cash account to reflect the decrease in cash on hand.

• The journal entry for a bank deposit is typically recorded as follows: Debit Bank Account, Credit Cash Account.

• This entry helps in accurately tracking the movement of funds in and out of the bank account.

The rule of accounting refers to the guidelines and principles that govern the recording and reporting of financial transactions.

• The rule of accounting ensures consistency and accuracy in financial reporting.

• It includes principles such as the matching principle, revenue recognition principle, and the principle of conservatism.

• These rules help in ensuring that financial statements are prepared in a transparent and reliable manner.

• Adherence to accounting rules is essential for ...read more

There are two main types of ledgers: general ledger and subsidiary ledger.

• General ledger contains all the financial transactions of a business in one place.

• Subsidiary ledger breaks down specific accounts, such as accounts receivable or accounts payable.

• Examples include sales ledger, purchase ledger, and payroll ledger.

My monthly CTC is $3000.

• My monthly CTC is $3000

• It includes my salary, benefits, and any bonuses

• I receive this amount every month

• It is subject to taxes and deductions