Phoenix Power Solutions Interview Questions and Answers

Question 1

Q1. How do you prepare schedule for prepaid related GL for reconciliation backup.

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Question 2

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Question 3

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Answer

Accruals refer to expenses that have been incurred but not yet paid, or revenue that has been earned but not yet received.

Accruals are used to match expenses with revenues in the same accounting period.
They are recorded as adjusting entries in the financial statements.
Examples include accrued salaries, interest payable, and accounts receivable.
Accruals help provide a more accurate representation of a company's financial position and performance.

Question 4

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Answer

Market research helps in understanding consumer behavior, identifying trends, and making informed business decisions.

Market research provides valuable insights into consumer preferences and behavior.
It helps in identifying market trends and opportunities for growth.
Allows businesses to make informed decisions based on data rather than assumptions.
Helps in understanding competitors and positioning products/services effectively.
Enables businesses to tailor their marketing strat...read more

Question 5

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Async/Await simplifies asynchronous programming by allowing code to be written in a synchronous style.

Async/Await is a feature in JavaScript that allows asynchronous code to be written in a synchronous manner.
It is built on top of Promises and provides a cleaner syntax for handling asynchronous operations.
Async functions return a Promise, which allows them to be used with the 'await' keyword to pause execution until the Promise is resolved.
Using Async/Await can make code easi...read more