10+ Flipkart Interview Questions and Answers

Money laundering is the process of making illegally obtained money appear legal, while terrorist financing is the act of providing funds or resources to support terrorist activities.

• Money laundering involves disguising the source of illegally obtained funds through a series of transactions to make it appear legitimate.

• Terrorist financing involves providing financial support to individuals or groups involved in terrorist activities.

• Money laundering can be used to fund terroris...read more

Deferred revenue is an accounting term that refers to revenue received in advance but not yet earned.

• Deferred revenue is a liability on a company's balance sheet.

• It is recognized as revenue only when the goods or services are delivered or performed.

• Examples include subscription fees, advance payments for services, and gift cards.

• Deferred revenue is also known as unearned revenue or advance payments.

• It is important for companies to properly account for deferred revenue to avoi...read more

Accrual concept is a method of accounting where revenues and expenses are recognized when earned or incurred, regardless of when payment is received or made.

• Accrual accounting recognizes revenue when it is earned, not when payment is received

• Expenses are recognized when they are incurred, not when payment is made

• This method provides a more accurate picture of a company's financial health

• Example: A company provides services in December but doesn't receive payment until January...read more

Deferred revenue expenditure refers to expenses that are incurred in one accounting period but are recognized over a period of time.

• Deferred revenue expenditure is recorded as an asset on the balance sheet and is gradually expensed over the period of benefit.

• Accounting entries for deferred revenue expenditure involve debiting the asset account and crediting the expense account over the useful life of the expenditure.

• Examples of deferred revenue expenditure include advertising...read more

Trade payment methods include cash, credit, and electronic transfers. Product cycle includes development, introduction, growth, maturity, and decline.

• Trade payment methods refer to the ways in which a buyer can pay for goods or services.

• Cash payment involves physical currency exchange.

• Credit payment involves borrowing money and paying it back with interest.

• Electronic transfers involve the use of technology to transfer funds.

• Product cycle refers to the stages a product goes th...read more

NSAIDs are a class of drugs that work by inhibiting the enzyme cyclooxygenase, reducing inflammation, pain, and fever.

• NSAIDs stand for nonsteroidal anti-inflammatory drugs

• They work by inhibiting the enzyme cyclooxygenase, which reduces the production of prostaglandins

• Prostaglandins are chemicals in the body that cause inflammation, pain, and fever

• Common examples of NSAIDs include ibuprofen, aspirin, and naproxen

Sanctions are penalties or restrictions imposed on a country or individual to enforce international law or policy.

• Sanctions can include trade restrictions, financial penalties, travel bans, and arms embargoes.

• They are often used as a diplomatic tool to pressure a country to change its behavior.

• Examples of sanctions include the United States' sanctions on Iran for its nuclear program and the United Nations' sanctions on North Korea for its nuclear weapons testing.

• Sanctions can...read more

HTML and CSS are essential languages for building and styling websites.

• HTML stands for HyperText Markup Language and is used for creating the structure of a webpage.

• CSS stands for Cascading Style Sheets and is used for styling the elements on a webpage.

• HTML uses tags to define different elements like headings, paragraphs, images, and links.

• CSS allows for customization of colors, fonts, layouts, and more on a webpage.

• Both HTML and CSS are crucial for creating responsive and vi...read more

I am a multitasking individual who excels at managing multiple tasks simultaneously.

• I am able to prioritize tasks effectively

• I can switch between tasks seamlessly

• I have experience successfully handling multiple projects at once