Vels Medical College & Hospital Billing Executive Interview Questions and Answers for Experienced

Depreciation is necessary to allocate the cost of an asset over its useful life.

• Depreciation helps in matching the cost of an asset with the revenue it generates.

• It allows for the recognition of the wear and tear, obsolescence, and loss of value of assets over time.

• Depreciation expense reduces taxable income, resulting in tax savings for companies.

• It helps in determining the true profitability and financial position of...read more

Version control is essential for managing code changes and collaborating with team members.

• Version control allows for tracking changes made to code over time.

• It enables collaboration between team members by allowing multiple people to work on the same codebase simultaneously.

• It provides a way to revert to previous versions of code if necessary.

• Popular version control systems include Git, SVN, and Mercurial.