Indian Railways Lab Technician/Medical Technician/Lab Staff Interview Questions and Answers

Q1. Self introduction
Add your answer
Q2. Why do you left your previous company
Add your answer

Q1. How many types of financial statements
Ans. 
There are three main types of financial statements: balance sheet, income statement, and cash flow statement.
• Balance sheet shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

• Income statement shows a company's revenues, expenses, and profits over a period of time.

• Cash flow statement shows how changes in balance sheet and income statement affect cash and cash equivalents.
Answered by AI
View 1 more answer
Q2. Difference between trial balance and balance sheet
Ans. 
Trial balance is a list of all ledger accounts with their closing balances, while balance sheet is a financial statement showing assets, liabilities, and equity at a specific point in time.
• Trial balance is an internal document used to ensure the debits and credits are equal before preparing financial statements.

• Balance sheet is a financial statement that shows the company's financial position at a specific point in tim...read more
Answered by AI
View 1 more answer

Q1. Journal entry for prepaid expenses
Ans. 
Journal entry for prepaid expenses involves debiting an asset account and crediting a prepaid expense account.
• Prepaid expenses are expenses paid in advance but not yet incurred.

• To record prepaid expenses, debit the Prepaid Expense account and credit the Cash/Bank account.

• As the prepaid expense is incurred, it is transferred from the Prepaid Expense account to the Expense account.

• Example: Payment of insurance premium in...read more
Answered by AI
Add your answer
Q2. Journal entry for purchase return
Ans. 
Journal entry for purchase return involves debiting accounts payable and crediting inventory account.
• Debit accounts payable to reduce liability

• Credit inventory account to reduce inventory on hand

• Example: Debit Accounts Payable $500, Credit Inventory $500
Answered by AI
Add your answer

Q1. What is accounting
Ans. 
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Involves recording financial transactions

• Summarizing financial data in financial statements

• Analyzing financial information to make business decisions

• Reporting financial results to stakeholders

• Examples: preparing balance sheets, income statements, cash flow statements
Answered by AI
Add your answer
Q2. What is liability
Ans. 
Liability refers to the legal obligation or responsibility to pay debts or settle financial obligations.
• Liabilities are recorded on the balance sheet and represent what a company owes to others.

• Common examples of liabilities include accounts payable, loans, and bonds payable.

• Liabilities can be classified as current liabilities (due within one year) or long-term liabilities (due after one year).
Answered by AI
Add your answer

About company progress

Q1. About company help
Add your answer

Q1. About your self
Add your answer
Q2. Your highest study
Ans. 
Bachelor's degree in Accounting from XYZ University
• Graduated with honors

• Completed coursework in financial accounting, managerial accounting, auditing, and taxation

• Participated in internship at a local accounting firm

• Completed a senior thesis on the impact of tax reform on small businesses
Answered by AI
Add your answer
Q3. Why you working in tcs company
Ans. 
TCS company in my lively company and this company is top company I work to top company in my life
Answered Anonymously
Add your answer
Q4. Experience and how many company experience in how year
Ans. 
3 company in 2 year experience in auto mobile company
Answered Anonymously
Add your answer
Q5. Family back ground asked
Ans. 
Father is farmer and mother house wife
Answered Anonymously
Add your answer

Q1. What is available of accounts
Add your answer
Q2. What are assets
Add your answer
Q3. What are the liabilities?
Add your answer
Q4. Define accounts receivable?
Add your answer
Q5. Define working capital?
Add your answer

Q1. What is your qualification??
Add your answer
Q2. Can you introduced yourself??
Ans. Sure,I am pratiksha Shivaji Ghadage.i am leaving for brashi shripatprimpri 413401, solapur, Maharashtra
Answered by Tanuja Ghadage
Add your answer
Q3. What is your salary range expectation?
Add your answer
Q4. Can you tell me about a difficult work situation and how you overcame it?
Add your answer

Q1. Which account softwares i use
Ans. 
I am proficient in using popular accounting software such as QuickBooks, Xero, and Sage.
• QuickBooks

• Xero

• Sage
Answered by AI
Add your answer
Q2. Financial statements and their meaning
Ans. 
Financial statements are documents that provide information about a company's financial performance and position.
• Financial statements include the income statement, balance sheet, and cash flow statement.

• The income statement shows a company's revenues, expenses, and profits over a specific period of time.

• The balance sheet provides a snapshot of a company's assets, liabilities, and equity at a specific point in time.

• The ...read more
Answered by AI
Add your answer
Q3. How to explain a complicated accounting process to team and how to report it
Ans. 
To explain a complicated accounting process to a team and report it, use simple language, visuals, examples, and encourage questions.
• Break down the process into smaller steps

• Use simple language and avoid jargon

• Create visuals like flowcharts or diagrams to aid understanding

• Provide real-life examples to illustrate the process

• Encourage team members to ask questions for clarification
Answered by AI
Add your answer
Q4. Methods of finding NPV
Ans. 
NPV can be found using various methods such as discounted cash flow, payback period, and profitability index.
• Calculate NPV by discounting future cash flows back to present value using a discount rate.

• Use payback period method to determine how long it takes to recoup the initial investment.

• Calculate profitability index by dividing the present value of future cash flows by the initial investment.

• Consider using Excel or f
Answered by AI
Add your answer
Q5. Previous experience
Add your answer
Q6. Where do you see yourself in next 5 years
Add your answer

Q1. Explain about your experience
Ans. 
I have over 10 years of experience working on various residential and commercial projects, specializing in sustainable design.
• 10+ years of experience in architecture

• Worked on residential and commercial projects

• Specialize in sustainable design
Answered by AI
Add your answer
Q2. Micro services design patterns
Ans. 
Micro services design patterns are architectural patterns used to design and implement microservices-based applications.
• Decompose the application into small, independent services

• Use API gateways for routing and load balancing

• Implement service discovery for dynamic service registration and discovery

• Use circuit breakers for fault tolerance and resilience

• Implement event-driven architecture for communication between servic
Answered by AI
Add your answer