Fresh Duniya Manpower Interview Questions and Answers

Balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

• Balance sheet provides a snapshot of a company's financial position

• It includes assets (what the company owns), liabilities (what the company owes), and equity (the difference between assets and liabilities)

• Trial balance sheet is a list of all the general ledger accounts with their balances at a specific point in time

• Difference between trial balance sheet a...read more

Girders are used instead of slabs for higher spanned bridges due to their superior load-bearing capacity and flexibility.

• Girders have a higher load-bearing capacity compared to slabs, making them suitable for longer spans.

• Girders provide flexibility in design, allowing for various bridge configurations and accommodating different types of loads.

• Girders can be precast or cast-in-place, offering construction efficiency and cost-effectiveness.

• Examples of girder bridges include b...read more

Cash entry refers to recording the inflow or outflow of cash in an accounting system.

• Cash entry involves documenting the movement of cash in and out of a business

• It includes recording cash receipts and cash disbursements

• Examples of cash entries include receiving cash from a customer or paying cash for expenses

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

• Depreciation is a non-cash expense that reflects the decrease in value of an asset over time

• It is used to allocate the cost of an asset over its useful life

• Common methods of depreciation include straight-line, double-declining balance, and units of production

• Example: A company purchases a machine for $10,000 with a useful life of 5 years. Using straight-line deprec...read more

A contra account is a general ledger account that is used to offset another account.

• Contra accounts have a balance that is opposite to the account it is associated with.

• They are used to reduce the balance of the related account without directly affecting it.

• Examples include Accumulated Depreciation (contra to the Asset account) and Sales Returns (contra to the Sales account).

IRC 6 loads are the standard loads specified for the design of bridges in India.

• IRC 6 loads are specified by the Indian Road Congress (IRC) for different types of vehicles and their loads.

• These loads include the weight of the vehicles, impact factors, and dynamic loads.

• IRC 6 loads are used to determine the maximum load that a bridge may experience during its design life.

• Examples of IRC 6 loads include the standard axle loads for different types of vehicles, such as cars, truc...read more