eNTrust Software & Services Interview Questions, Process, and Tips

Q1. Explain software development life cycle
Ans. 
Software development life cycle is a process used to design, develop, and test software applications.
• 1. Planning: Define project scope, requirements, and timeline.

• 2. Analysis: Gather and analyze user requirements.

• 3. Design: Create a detailed design plan for the software.

• 4. Implementation: Write code based on the design.

• 5. Testing: Test the software for bugs and issues.

• 6. Deployment: Release the software to users.

• 7. Mai...read more
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Q1. What is deprivation and how many types of deprication
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Deprivation refers to the lack or denial of something essential for a person's well-being. There are various types of deprivation.
• Deprivation can be of different types such as sleep deprivation, food deprivation, sensory deprivation, social deprivation, etc.

• Sleep deprivation can lead to fatigue, irritability, and decreased cognitive function.

• Food deprivation can cause malnutrition and starvation.

• Sensory deprivation can...read more
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Q2. Deprication is charge or cost
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Depreciation is a cost that reflects the decrease in value of an asset over time.
• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.

• It is charged against revenue to reflect the wear and tear of an asset over its useful life.

• Examples of assets that are subject to depreciation include buildings, vehicles, and equipment.

• Depreciation can be calculated using various methods such as st...read more
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Q3. What is abnormal loss
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Abnormal loss refers to the loss of materials or products that is not expected in normal production processes.
• It is a type of loss that occurs due to unforeseen circumstances such as accidents, theft, or natural disasters.

• Abnormal loss is different from normal loss which is expected and accounted for in the production process.

• Examples of abnormal loss include damage to raw materials during transportation, spoilage of p...read more
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Q4. What is the entry for abnormal loss
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Abnormal loss is recorded as a debit entry in the process account.
• Abnormal loss is the loss of material due to reasons beyond control such as theft, fire, etc.

• It is recorded as a debit entry in the process account to show the decrease in the quantity of material.

• The amount of abnormal loss is calculated by deducting the actual output from the expected output.

• For example, if the expected output is 100 units and the actu...read more
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Q5. What is the prime cost
Ans. 
Prime cost is the direct cost of materials and labor required to produce a product or service.
• Prime cost includes the cost of raw materials, direct labor, and any other direct costs associated with production.

• It does not include indirect costs such as rent, utilities, or administrative expenses.

• Calculating prime cost is important for determining the profitability of a product or service.

• For example, if a company produc...read more
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Q6. What is the golden rule for nominal accounts
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The golden rule for nominal accounts is to credit all expenses and losses and debit all incomes and gains.
• Nominal accounts are temporary accounts used to record revenues, expenses, gains, and losses.

• The golden rule states that all expenses and losses should be credited, and all incomes and gains should be debited.

• For example, if a company pays rent, the rent expense account should be credited, and the cash account shou...read more
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Q7. Basic journal entries such as sales and purchase entries
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Email writing and some aptitude questions like relationship, English grammar etc.,

Q1. Questions asked from your Resume.
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Q2. Some general questions like "Tell me about your Friends"
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Q3. Questions about Company.
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Q1. Questions asked about the Company and about the Lease Abstractor Role.
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Q2. Percentage Questions
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INDAS, accounting basics and audit

Q1. Formulas in excel - Vlookup, Hlookup, IF, Sumif, Count, Pivot table
Ans. 
Excel formulas like Vlookup, Hlookup, IF, Sumif, Count, Pivot table are used for data analysis and manipulation.
• Vlookup is used to search for a value in the first column of a range and return a value in the same row from another column.

• Hlookup is similar to Vlookup but searches for a value in the first row of a range and returns a value in the same column from another row.

• IF function is used to perform logical tests an...read more
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Q2. Index, AND, EXcel formulas
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Q1. Questions on INDAS, ratio analysis, AP, AR, BRS
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Q1. Tell me about yourself, experience questions
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Easy to crack fully based on English knowledge

Q1. Based on programming knowledge
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Q1. Salary discussion and some technical questions
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Questions will be on indian accounting standards multiple choice questions

Q1. Accounting, finance, auditing questions
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Q1. Personality related questions
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