Sagarsoft Accounting Specialist Interview Questions and Answers

Virtualization is the creation of a virtual version of something, such as an operating system, a server, a storage device, or network resources.

• Virtualization allows multiple operating systems to run on a single physical machine

• It enables better utilization of hardware resources

• Examples include VMware, Hyper-V, and VirtualBox

A hypervisor is a software that creates and manages virtual machines on a physical server.

• It allows multiple operating systems to run on a single physical machine

• It provides isolation and security between virtual machines

• Examples include VMware, Hyper-V, and KVM

Tally is an accounting software used for financial management, bookkeeping, and inventory management in businesses.

• User-friendly interface for easy navigation.

• Supports multiple languages and currencies.

• Facilitates GST compliance and reporting.

• Enables inventory management with stock tracking.

• Offers payroll management features for employee salaries.

Accounts can be categorized into various types based on their purpose and function in financial reporting.

• 1. Asset Accounts: Represent resources owned by a business, e.g., cash, inventory, property.

• 2. Liability Accounts: Obligations or debts owed to others, e.g., loans, accounts payable.

• 3. Equity Accounts: Owner's interest in the business, e.g., common stock, retained earnings.

• 4. Revenue Accounts: Income generated from...read more

E-commerce refers to buying and selling goods or services online, facilitating transactions through the internet.

• E-commerce includes various business models like B2B (business-to-business) and B2C (business-to-consumer).

• Examples of B2C e-commerce include Amazon and eBay, where consumers purchase directly from retailers.

• B2B e-commerce involves transactions between businesses, such as suppliers selling to manufacturers.

• E...read more