Guidewire Software Interview Questions and Answers

To prepare an expenditure sheet, gather all expense records and categorize them. To prepare a balance sheet, list assets, liabilities, and equity.

• For an expenditure sheet, collect all expense records including receipts, invoices, and bills.

• Categorize the expenses into different categories such as salaries, rent, utilities, supplies, etc.

• Calculate the total expenditure for each category and the overall expenditure.

• For a balance sheet, list all assets such as cash, accounts rec...read more

To work in legal work, one must have a strong understanding of laws and regulations, excellent research and analytical skills, and the ability to communicate effectively.

• Obtain a law degree or relevant legal certification

• Develop strong research and analytical skills

• Stay updated with current laws and regulations

• Gain practical experience through internships or entry-level positions

• Develop excellent communication and negotiation skills

• Build a network of contacts in the legal fie...read more

There are approximately 542 medical colleges and 3,345 engineering colleges in India.

• Approximately 542 medical colleges in India

• Approximately 3,345 engineering colleges in India

• Some examples of medical colleges in India are AIIMS, Christian Medical College, and Armed Forces Medical College

• Some examples of engineering colleges in India are IITs, NITs, and BITS Pilani

GAAP account rules refer to the generally accepted accounting principles that dictate how financial transactions should be recorded and reported.

• GAAP account rules ensure consistency and transparency in financial reporting

• They provide guidelines on how to classify, record, and report financial transactions

• Examples include the matching principle, revenue recognition principle, and historical cost principle

NEET, Mains & Advance have different exam patterns for medical entrance exams in India.

• NEET is a single-stage exam for admission to MBBS/BDS courses in India.

• JEE Main is for admission to engineering colleges, while JEE Advanced is for IITs.

• NEET has 180 multiple choice questions, while JEE Main has 90 questions and JEE Advanced has 54 questions.

• NEET has Physics, Chemistry, and Biology sections, while JEE has Physics, Chemistry, and Mathematics sections.

Accounting principles are the guidelines and rules that govern the field of accounting.

• Accounting principles provide a framework for recording and reporting financial information accurately.

• Some common accounting principles include the revenue recognition principle, matching principle, and cost principle.

• These principles help ensure consistency and transparency in financial reporting.

• Accounting principles are often established by regulatory bodies such as the Financial Accoun...read more