Tejas Agro Irrigation Systems Interview Questions and Answers

Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.

• It involves keeping track of financial transactions such as sales, purchases, and payments

• It includes preparing financial statements such as balance sheets and income statements

• It helps in analyzing financial performance and making informed business decisions

• Exam...read more

DR and CR are abbreviations used in accounting to represent Debit and Credit respectively.

• DR stands for Debit and is used to record an increase in assets or a decrease in liabilities or equity.

• CR stands for Credit and is used to record a decrease in assets or an increase in liabilities or equity.

• Every transaction in accounting must have an equal amount of DR and CR entries.

• DR and CR are used to maintain the balance she

Bad debt is an amount owed by a debtor that is unlikely to be paid back to the creditor.

• Bad debt is a loss for the creditor as they are unable to recover the amount owed.

• It can occur due to various reasons such as bankruptcy, insolvency, or fraud.

• Bad debt can be written off as an expense for tax purposes.

• For example, if a customer owes $1000 to a company and declares bankruptcy, the company may not be able to recover t

Balance sheet is calculated by subtracting liabilities from assets.

• Assets are listed on the left side of the balance sheet and liabilities on the right side.

• The difference between the two sides is the owner's equity or net worth.

• The balance sheet is a snapshot of a company's financial position at a specific point in time.

• Examples of assets include cash, accounts receivable, and property.

• Examples of liabilities include

Bad debt is an amount owed by a debtor that is unlikely to be paid back.

• Bad debt is a loss for the creditor as they are unlikely to receive the amount owed.

• It can occur due to bankruptcy, insolvency, or default by the debtor.

• Bad debt can be written off as an expense for tax purposes.

• Examples include unpaid credit card bills, unpaid loans, and unpaid invoices.

Tally is an accounting software used for managing financial transactions and generating reports.

• Tally is widely used by businesses for bookkeeping and accounting purposes.

• It can handle various financial transactions such as invoicing, inventory management, payroll, and taxation.

• Tally provides various features such as data security, remote access, and multi-lingual support.

• It can generate various reports such as balance...read more

Bad debt refers to the amount of money owed to a company that is unlikely to be paid back.

• Bad debt is recorded as an expense on the income statement.

• It is also reflected on the balance sheet as a reduction in accounts receivable.

• The amount of bad debt is estimated by the company based on past experience and current economic conditions.

• For example, if a company has $100,000 in accounts receivable and estimates that $5,0...read more

Debtors are people who owe money to the company, while creditors are people or entities that the company owes money to. They are added to the balance sheet.

• Debtors are listed under current assets on the balance sheet

• Creditors are listed under current liabilities on the balance sheet

• Debtors can include customers who have not yet paid for goods or services

• Creditors can include suppliers who have not yet been paid for goo...read more

As an assistant engineer, I plan the number of machines required and create monthly plans.

• I plan the number of machines needed for various projects and tasks.

• I consider factors like project timelines, workload, and resource availability.

• I create monthly plans by analyzing project requirements and allocating resources accordingly.

• I collaborate with team members and supervisors to ensure efficient planning and execution.

• ...read more

I create a daily report by summarizing the tasks completed, any issues encountered, and plans for the next day.

• Start by listing all the tasks completed during the day

• Note any issues encountered and how they were resolved

• Include any progress made towards long-term goals

• Outline plans for the next day, including any pending tasks

• Ensure the report is concise and easy to understand

The capacity of my previous plant was 500 units per day.

• The plant had a daily production capacity of 500 units.

• We were able to meet the demand of our clients with this capacity.

• The plant had a well-organized production line to ensure maximum output.

• We regularly monitored and optimized the production process to increase efficiency.

• The capacity was sufficient for the size of the plant and the demand of the market.

MSDS is a document that provides information on the hazards of chemicals. Chemical storage involves proper handling and storage of hazardous materials.

• MSDS stands for Material Safety Data Sheet

• It contains information on the physical and chemical properties of a substance, as well as its potential hazards and safety precautions

• Chemical storage involves proper labeling, segregation, and storage of hazardous materials

• Chem...read more

DMDS chemical material procurement refers to the process of acquiring DMDS chemical for industrial use.

• DMDS is short for dimethyl disulfide, a chemical compound used in various industrial applications.

• Procurement involves sourcing, purchasing, and managing the supply of DMDS chemical material.

• DMDS is commonly used as a sulfiding agent in the petroleum industry to remove impurities from crude oil.

• Other industries that u...read more