Chirag Infotech Interview Questions and Answers

Q1. More questions asked, oops, coding and selenium, testNG related questions
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Q2. Drop down coding
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Q1. Many questions related to projects but not selected at last
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Q1. Basics of Java selenium
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Online assessment (Technical, English, Reasoning)

Q1. Difference between Balance sheet and trial balance
Ans. 
Balance sheet shows assets, liabilities, and equity at a specific point in time. Trial balance lists all ledger accounts with their balances.
• Balance sheet is a snapshot of a company's financial position at a specific point in time.

• Trial balance is a list of all ledger accounts with their balances to ensure debits equal credits.

• Balance sheet includes assets, liabilities, and equity sections.

• Trial balance is used to prep...read more
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Q2. Standard costing formula
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Standard costing formula calculates the expected cost of a product based on predetermined standards.
• Standard costing formula includes direct materials, direct labor, and overhead costs.

• It helps in comparing actual costs with standard costs to identify variances.

• Formula: Standard Cost = Standard Quantity of Inputs x Standard Price of Inputs
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Q3. Journal entries for Prepaid Accruals Depreciation with accumulated depreciation concept Provision for Bad debts DTA and DTL
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Explanation of journal entries for Prepaid, Accruals, Depreciation, Provision for Bad debts, DTA, and DTL.
• Prepaid expenses are initially recorded as assets and then expensed over time as they are used up.

• Accruals are expenses incurred but not yet paid or revenue earned but not yet received.

• Depreciation is the allocation of the cost of a fixed asset over its useful life, with accumulated depreciation representing the to...read more
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Q4. Case study on Ind AS 115
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Q5. Preparation of balance sheet and computation of various ratios
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Preparation of balance sheet involves listing assets, liabilities, and equity. Ratios are computed using financial data from the balance sheet.
• List all assets, liabilities, and equity on the balance sheet

• Calculate various financial ratios such as current ratio, debt to equity ratio, and return on equity

• Use formulae like Current Ratio = Current Assets / Current Liabilities

• Interpret the ratios to analyze the financial he
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Q6. Accounting principles
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Q1. What is DTA and DTL
Ans. 
DTA stands for Deferred Tax Asset and DTL stands for Deferred Tax Liability.
• DTA is an asset recorded on a company's balance sheet that may be used to reduce taxable income in the future.

• DTL is a liability recorded on a company's balance sheet that represents taxes that have been accrued but not yet paid.

• DTA arises when a company has overpaid taxes or has tax deductions that exceed its taxable income.

• DTL arises when a c...read more
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Q2. Accounting entry for accumulated depreciation
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Accumulated depreciation is a contra asset account that represents the total depreciation expense taken on an asset since it was acquired.
• Accumulated depreciation is recorded on the balance sheet as a reduction from the gross amount of fixed assets to arrive at the net book value.

• The accounting entry for accumulated depreciation involves debiting the depreciation expense account and crediting the accumulated depreciati...read more
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Q3. Few resume based questions
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Q4. Standard costing formula
Ans. 
Standard costing formula calculates the expected cost of a product based on predetermined standards.
• Standard costing formula = Standard cost of direct materials + Standard cost of direct labor + Standard manufacturing overhead cost

• Standard cost of direct materials = Standard quantity of materials x Standard price per unit

• Standard cost of direct labor = Standard hours of labor x Standard rate per hour

• Standard manufactur...read more
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Q5. Difference between budgeting and forecasting
Ans. 
Budgeting involves setting financial goals and allocating resources, while forecasting predicts future financial outcomes based on past data and trends.
• Budgeting is a plan for how to allocate resources and achieve financial goals

• Forecasting predicts future financial outcomes based on past data and trends

• Budgeting is typically done on an annual basis, while forecasting can be done on a shorter or longer term basis

• Budget...read more
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Q6. Meaning of variance analysis
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Variance analysis is a technique used to identify and analyze the difference between planned financial outcomes and actual results.
• Variance analysis helps in understanding the reasons for deviations from budgeted or expected figures.

• It involves comparing actual financial performance with budgeted or standard performance.

• Common types of variances include price variance, quantity variance, and mix variance.

• Variance analy...read more
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Average to easy difficulty level.

Q1. Java code of string manipulation
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Q2. What is the Java code for various types of sorting algorithms?
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Q3. Sql query and topics related to joins.
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Q1. About yourself and family
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Q2. What do you know about the company?
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Q3. Can you provide examples of real-life scenarios where you handled conflicts with either a colleague or a manager?
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Q4. What actions would you take if your manager does not approve your product idea, and how would you attempt to persuade them?
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Q1. Explain your last project and your role in this project
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Q2. Overall working experience with other companies
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Q3. Why choose kafka over MQ ? what challenges you faced during kafka implementation ?
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Q4. Monolith to microservice migration journey ? what all decisions needs to be taken and how the entire migration took place.
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Q5. If worked for RestAPI ? what is the use of swagger ? what is the content of Swagger documentation ?
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Q6. Only this was asked to me , and rejected
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The aptitude test lasts 30 minutes and focuses on topics relevant to data engineering, including Spark, SQL, Azure, and PySpark.

The coding test is a one-hour examination on PySpark.

Q1. What is the difference between Cache() and Persist()?
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Q2. What does the purpose of the Spark Submit command in Apache Spark?
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Q3. What are window functions in SQL?
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Q1. Could you provide more details about the daily responsibilities associated with this role?
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Q2. How would you describe your work culture?
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Q1. Current Project
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Q2. Framework Structure
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Q3. Code for sorting an array
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Q4. Create Xpath
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Q5. Few Appium related questions
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Q1. Few scenario based questions
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Q2. Why GlobalLogic
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Q1. Project related questions
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