Samsara Shipping Senior Executive Interview Questions and Answers

FTL and LCL are terms used in logistics and transportation.

• FTL stands for Full Truck Load, which means a shipment that occupies the entire truck and is transported from one point to another without any stops or transfers.

• LCL stands for Less than Container Load, which means a shipment that does not occupy the entire container and is consolidated with other shipments to fill the container.

• FTL is usually faster and more e...read more

Capex stands for capital expenditure, which refers to funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, equipment, or technology.

• Capex is used for long-term investments in assets that will provide benefits over a long period of time.

• CWIP (Capital Work in Progress) refers to the costs incurred for an asset that is under construction or development.

• To pass CWIP entry i...read more

Bank reconciliation is the process of comparing a company's financial records with the bank's records to ensure they match.

• Bank reconciliation involves comparing the company's cash balance in its accounting records with the balance shown on the bank statement.

• Any discrepancies between the two balances need to be investigated and resolved.

• Common reasons for discrepancies include outstanding checks, deposits in transit, ...read more