Sciative Solutions Interview Questions and Answers

The Golden rules of account are basic principles that guide accounting practices.

• Maintain accurate records

• Separate personal and business finances

• Follow GAAP (Generally Accepted Accounting Principles)

• Reconcile accounts regularly

• Keep receipts and invoices

• Avoid mixing funds

• Be transparent and honest

• Ensure confidentiality of financial information

Social media is a platform for online communication and networking.

• Social media allows people to connect with others from all over the world.

• It provides a platform for sharing information, ideas, and opinions.

• Social media can be used for marketing and advertising purposes.

• It can also be a source of news and entertainment.

• Some popular social media platforms include Facebook, Twitter, Instagram, and LinkedIn.

Business refers to the activities involved in producing and selling goods or services for profit.

• Business involves creating and delivering value to customers

• It includes activities such as marketing, sales, production, and finance

• The goal of business is to generate profit and create sustainable growth

• Examples of businesses include retail stores, restaurants, and technology companies

NEFT stands for National Electronic Funds Transfer.

• NEFT is a payment system that enables electronic transfer of funds from one bank account to another.

• It operates on a deferred net settlement (DNS) basis, which means transactions are processed in batches.

• NEFT transactions can be initiated online or at a bank branch.

• The minimum amount for NEFT transactions is usually Rs. 1, but it may vary depending on the bank.

• NEFT is available 24x7, but transactions initiated after the cut-o...read more

An account refers to a record of financial transactions of an individual or organization.

• An account is used to keep track of financial transactions such as deposits, withdrawals, and purchases.

• It can be a bank account, credit card account, or any other type of financial account.

• Accounts are used to monitor the financial health of an individual or organization.

• Examples of accounts include checking accounts, savings accounts, and investment accounts.

LVM stands for Logical Volume Manager, a tool used to manage disk space in a flexible manner.

• LVM allows for dynamic resizing of logical volumes without the need to unmount the filesystem.

• It provides features like volume resizing, snapshots, and striping.

• Physical volumes are combined into volume groups, which are then divided into logical volumes.

• Example: Creating a new logical volume from free space in a volume group using lvcreate command.

Disk partitions can be resolved by resizing, moving, or merging partitions using tools like GParted or fdisk.

• Use GParted or fdisk to resize partitions to allocate more space to a partition.

• Move partitions to rearrange the layout of the disk.

• Merge partitions to combine multiple partitions into one.

• Backup data before making any changes to disk partitions.