10+ Shabari Telecable Network Interview Questions and Answers

Answers to questions related to accounting and finance.

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

• Amortization is the process of spreading the cost of an intangible asset over its useful life.

• Wages account falls under the head of expenses in the income statement.

• Revenue expenditure is the cost incurred in the normal course of business to generate revenue.

• Journal entries are the recording of financial transactions in chrono...read more

Air pollution in Delhi is a major issue affecting the health and well-being of its residents.

• Delhi consistently ranks as one of the most polluted cities in the world.

• The main sources of air pollution in Delhi include vehicle emissions, industrial activities, construction dust, and crop burning in neighboring states.

• Air pollution in Delhi has been linked to various health problems such as respiratory issues, cardiovascular diseases, and even premature death.

• The government has ...read more

My typing test went well. I was able to type accurately and at a good speed.

• I practiced typing regularly to improve my speed and accuracy

• I focused on maintaining proper posture and hand placement while typing

• I used online typing tests to track my progress and identify areas for improvement

COGS stands for Cost of Goods Sold, which is the direct cost of producing goods or services sold by a company.

• COGS includes the cost of materials, labor, and overhead expenses directly related to the production of goods or services.

• It is subtracted from the revenue generated by the sale of goods or services to determine the gross profit.

• COGS is an important metric for businesses to track as it directly impacts their profitability.

• Examples of COGS include the cost of raw mater...read more

The golden principle of accounting is the fundamental rule of double-entry bookkeeping.

• Every transaction has two aspects - debit and credit

• Debits must equal credits

• Assets = Liabilities + Equity

• Revenue - Expenses = Net Income

• Examples: paying rent (debit rent expense, credit cash), selling goods (debit cash, credit revenue)

Bank reconciliation statement is a document that compares the bank statement with the company's accounting records.

• It helps identify any discrepancies between the two records.

• It ensures that all transactions are recorded accurately.

• It includes items such as deposits in transit, outstanding checks, and bank errors.

• It is usually prepared on a monthly basis.

• Example: If a company records a check as $500 but the bank statement shows it as $550, the bank reconciliation statement wi...read more

Bank reconciliation statements are important for several reasons.

• Identifying errors or discrepancies in bank transactions

• Ensuring accuracy of accounting records

• Preventing fraud or embezzlement

• Tracking outstanding checks or deposits

• Identifying bank fees or charges

• Reconciling differences between bank and book balances

• Providing evidence for audits or financial statements

1st party collection involves the original creditor attempting to collect debts directly from the debtor, while 3rd party collection involves a separate agency hired to collect debts on behalf of the original creditor.

• 1st party collection is when the original creditor, such as a bank or credit card company, attempts to collect debts directly from the debtor.

• 3rd party collection is when a separate agency, not affiliated with the original creditor, is hired to collect debts on ...read more

FDCPA stands for Fair Debt Collection Practices Act. It is a federal law that protects consumers from abusive debt collection practices.

• FDCPA regulates the behavior of third-party debt collectors who are attempting to collect debts on behalf of others.

• It prohibits practices such as harassment, false or misleading representations, and unfair practices.

• Collection associates need to be familiar with FDCPA guidelines to ensure compliance and avoid legal issues.

ViewBag and ViewData are both used to pass data from controller to view in ASP.NET MVC, but ViewBag is dynamic and ViewData is strongly typed.

• ViewBag is a dynamic property that allows you to pass data from controller to view without strong typing

• ViewData is a dictionary object that requires typecasting to access data passed from controller to view

• ViewBag is a property of the ControllerBase class, while ViewData is a property of the ViewDataDictionary class

• Example: ViewBag.Tit...read more