Amazon Pay Operations Analyst Interview Questions and Answers

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 ...read more

Prepaid expense is an accounting concept where an expense is paid in advance before it is incurred.

• Prepaid expense is recorded as an asset on the balance sheet.

• It is gradually recognized as an expense over time or as the benefit is received.

• Common examples of prepaid expenses include prepaid rent, prepaid insurance, and prepaid subscriptions.

• To record the entry of prepaid expense, debit the prepaid expense account and ...read more

Reconciliation is the process of comparing two sets of records to ensure their accuracy and consistency.

• Reconciliation involves comparing financial or transactional data to identify discrepancies.

• Types of reconciliation include bank reconciliation, inventory reconciliation, and account reconciliation.

• Bank reconciliation involves comparing bank statements with internal records to ensure all transactions are accounted fo...read more

Java is a high-level programming language used for developing applications and software.

• Java is object-oriented and platform-independent.

• It is used for developing web, mobile, and desktop applications.

• Java code is compiled into bytecode and executed by the Java Virtual Machine (JVM).

• Popular frameworks and tools for Java development include Spring, Hibernate, and Maven.

The form tag in HTML is used to create an interactive form for user input.

• The form tag is used to define an HTML form that allows user input.

• It has attributes like action (URL where form data is submitted), method (GET or POST), and enctype (encoding type).

• Input elements like text fields, checkboxes, radio buttons, and submit buttons are placed inside the form tag.

• Example: <form action='/submit_form' method='POST'&g