IBM Practitioner Interview Questions, Process, and Tips for Freshers

The 3 golden rules of accounting are: 1. Debit the receiver, credit the giver. 2. Debit what comes in, credit what goes out. 3. Debit expenses and losses, credit income and gains.

• Rule 1: Debit the receiver, credit the giver. This means that when an asset is received, it is debited, and when a liability is given, it is credited.

• Rule 2: Debit what comes in, credit what goes out. This means that when there is an inflow of...read more

BRS stands for Business Requirement Specification. It is a document that outlines the requirements for a project or product.

• BRS is used to clearly define the scope and objectives of a project or product

• It helps to ensure that all stakeholders have a common understanding of the requirements

• BRS can be used as a reference throughout the project to ensure that it stays on track

• Examples of information included in a BRS are ...read more

Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence or other factors.

• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet

• There are three types of depreciation: straight-line, accelerated, and units of production

• Straight-line depreciation is when the asset loses an equal amount of value each year

• Accelerated depreciation is when the asset lo...read more

Goods requisition is the process of requesting and obtaining necessary items or materials for a particular purpose.

• It involves identifying the required goods or materials

• It involves submitting a request for the goods or materials

• It involves obtaining the goods or materials once the request is approved

• Examples include requisition of office supplies, equipment, or raw materials for production