10+ Shanghai Zhenhua Heavy Industries Interview Questions and Answers

Direct expenses are directly related to the production of goods or services, while indirect expenses are not directly related.

• Direct expenses are incurred for a specific purpose, such as raw materials or labor costs.

• Indirect expenses are incurred for general business purposes, such as rent or utilities.

• Direct expenses are variable costs that increase or decrease with production, while indirect expenses are fixed costs that remain the same regardless of production levels.

• Examp...read more

Creditors are owed money by a company, while debtors owe money to a company.

• Creditors are external parties who have provided goods or services to a company on credit and are waiting to be paid.

• Debtors are customers who owe money to a company for goods or services that they have received but not yet paid for.

• Creditors are liabilities on a company's balance sheet, while debtors are assets.

• Examples of creditors include suppliers, lenders, and landlords, while examples of debtors...read more

CGST stands for Central Goods and Services Tax and SGST stands for State Goods and Services Tax.

• CGST and SGST are two components of GST.

• CGST is levied by the central government and SGST is levied by the state government.

• Both taxes are charged on the same taxable value of a product or service.

• The combined rate of CGST and SGST is equal to the GST rate applicable on the product or service.

Yes, I use net banking regularly for all my financial transactions.

• I find net banking to be a convenient and secure way to manage my finances.

• I use it to transfer funds, pay bills, and check my account balance.

• I also make sure to keep my login credentials and passwords secure.

• I have never faced any issues with net banking and find it to be a reliable option.

Return reason code 71 for CHAQ

• CHAQ stands for Customer Handling and Quality

• Return reason code 71 indicates that the customer returned the product due to a defect or quality issue

• The code may vary depending on the company's return policy and system

Reconciliation is the process of comparing two sets of records to ensure they are in agreement.

• Reconciliation involves comparing financial records to ensure accuracy

• It is important for identifying errors and discrepancies

• Examples include reconciling bank statements and accounts payable/receivable

• Reconciliation is a key part of the accounting process

Inventory refers to the goods or materials a business holds for the purpose of resale or production.

• Inventory includes raw materials, work-in-progress goods, and finished products.

• It is important for businesses to manage their inventory levels to avoid stockouts or excess inventory.

• Inventory can be tracked using various methods such as FIFO, LIFO, and weighted average.

• Examples of businesses that heavily rely on inventory management include retail stores, manufacturers, and wh...read more

Stock statements are used to track inventory levels and monitor sales performance.

• Stock statements help in identifying slow-moving or dead stock.

• They aid in making informed decisions about inventory management.

• They provide insights into sales trends and help in forecasting future demand.

• Stock statements are useful for financial reporting and tax purposes.

• Examples of stock statements include inventory turnover ratio, days inventory outstanding, and gross margin return on inves...read more

Inventory is used to track and manage the stock of goods a company has on hand.

• Inventory helps businesses keep track of their stock levels and avoid stockouts.

• It allows businesses to forecast demand and plan production accordingly.

• Inventory can also help businesses identify slow-moving or obsolete items and make informed decisions about pricing and promotions.

• Examples of businesses that use inventory include retail stores, manufacturers, and wholesalers.

We are using GST to comply with the government's tax regulations and to streamline our accounting processes.

• GST helps us to avoid double taxation and reduces the burden of multiple taxes.

• It also helps us to claim input tax credit on our purchases.

• By using GST, we can easily file our tax returns online and avoid any penalties for non-compliance.

• For example, if we purchase office supplies, we can claim the GST paid on those supplies as input tax credit.

• GST also helps to create ...read more

RTGS stands for Real Time Gross Settlement.

• RTGS is a system for transferring funds from one bank to another in real-time.

• It is used for high-value transactions that require immediate clearance.

• The minimum amount for RTGS transactions is usually set by the bank.

• RTGS is a secure and reliable way to transfer funds.

• It is commonly used for transactions such as large business payments, property purchases, and investments.