Business Advisors Md Medical Billing Executive Interview Questions and Answers

Tax deduction in RA BILL

• Tax deduction is applicable on certain items in a RA bill

• The deduction amount varies based on the item and tax laws

• Examples of items with tax deduction include TDS, GST, and service tax

Price escalation refers to the increase in the cost of goods or services over time.

• It is a common phenomenon in the construction industry where the cost of materials and labor increases over time.

• Price escalation can be caused by various factors such as inflation, changes in market demand and supply, and changes in government policies.

• It is important for billing engineers to take price escalation into account when esti...read more

The volume of a trapezoidal shape can be calculated using its height and the lengths of its parallel sides.

• The formula for calculating the volume of a trapezoidal shape is (1/2) x height x (length of parallel side 1 + length of parallel side 2)

• The height is the perpendicular distance between the parallel sides

• For example, if the trapezoidal shape has a height of 5 units, a length of parallel side 1 of 8 units, and a le...read more

Wastage for concrete and steel depends on various factors such as site conditions, workmanship, and design.

• Wastage for concrete can range from 2% to 10% depending on the quality of workmanship and site conditions.

• Wastage for steel can range from 2% to 5% depending on the design and fabrication process.

• Factors such as improper handling, cutting, and bending can also contribute to wastage.

• Proper planning and management c...read more

Variation for extra items is a common occurrence in construction projects.

• Extra items may include additional work, materials, or changes in design.

• The variation may be initiated by the client or due to unforeseen circumstances.

• The billing engineer must accurately document and price the extra items.

• The variation may require approval from the client and/or consultant before proceeding.

• Examples of extra items include addi...read more

An account engineer manages financial accounts while a billing engineer handles billing and invoicing.

• Account engineers manage financial accounts and ensure that all financial transactions are recorded accurately.

• Billing engineers handle billing and invoicing processes, ensuring that customers are billed correctly and payments are received on time.

• While both roles involve financial management, account engineers focus o...read more

Pile foundation is a type of deep foundation used to transfer heavy loads of a structure to a deeper level of soil or rock.

• Pile foundation is used when the soil at the surface is not strong enough to support the weight of the structure.

• It consists of long, slender columns made of concrete, steel or timber that are driven into the ground.

• The piles are driven deep enough to reach a layer of soil or rock that is strong en...read more