200+ Kheria Autocomp Interview Questions and Answers

The type of accident shown in the video is a car crash.

• Car crash

• Collision between vehicles

• Possible injuries to passengers

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

Accounts Receivable is the money owed to a company by its customers for goods or services sold on credit.

• It is a current asset on the balance sheet

• It represents the amount of money that a company is owed by its customers

• It is typically collected within a certain period of time, usually 30-90 days

• Examples include invoices sent to customers for payment of goods or services

• It is important for a company to manage its accounts receivable to ensure timely payment and cash flow

Impairment is a sudden decrease in the value of an asset, while depreciation is a gradual decrease in the value of an asset over time.

• Impairment is usually caused by external factors such as economic downturns or changes in market conditions.

• Depreciation is a result of wear and tear, obsolescence, or the passage of time.

• Impairment is recognized as a loss on the income statement, while depreciation is recognized as an expense.

• Impairment is usually a one-time event, while depre...read more

Forecasting algorithms include ARIMA, exponential smoothing, and machine learning models. Best fit model minimizes error between predicted and actual values.

• Common forecasting algorithms include ARIMA, exponential smoothing, and machine learning models like random forests or neural networks

• ARIMA (AutoRegressive Integrated Moving Average) is a popular time series forecasting method that takes into account past values and trends

• Exponential smoothing assigns exponentially decrea...read more

Lloyd's of London Market is a specialized insurance market known for insuring unique and high-risk items. General insurance covers non-life assets and liabilities. Financial statements show a company's financial performance.

• Lloyd's of London Market is a specialized insurance market based in London, known for insuring unique and high-risk items such as ships, aircraft, and fine art.

• General insurance, also known as non-life insurance, covers assets and liabilities that are not ...read more

P2P Cycle is the process of procuring goods or services, from purchase requisition to payment.

• P2P stands for Procure-to-Pay.

• It involves several steps such as purchase requisition, purchase order, goods receipt, invoice verification, and payment.

• The cycle starts with a purchase requisition, which is a request for goods or services.

• Once approved, a purchase order (PO) is created, specifying the details of the purchase.

• PO types include standard PO, blanket PO, and contract PO.

• A ...read more

The default algorithm behind Azure Search is TF-IDF (Term Frequency-Inverse Document Frequency).

• TF-IDF is a statistical measure used to evaluate the importance of a term within a document or a collection of documents.

• It calculates a weight for each term based on its frequency in a document and its rarity in the entire document collection.

• The higher the TF-IDF score, the more relevant the term is to a specific document.

• Azure Search uses TF-IDF to rank search results based on t...read more

Shrinkage and attrition are terms used in business to describe loss of resources and employees respectively. Shrinkage is calculated as a percentage of lost inventory, while attrition is calculated as a percentage of employees leaving the company.

• Shrinkage refers to the loss of inventory or assets due to theft, damage, errors, or other factors.

• Shrinkage can be calculated by dividing the value of lost inventory by the total value of inventory, and then multiplying by 100 to ge...read more

HTML stands for Hypertext Markup Language.

• HTML is the standard markup language for creating web pages.

• It is used to structure content on the internet.

• HTML tags are used to define elements on a webpage, such as headings, paragraphs, images, links, etc.

Types of invoices include proforma, commercial, utility, and credit invoices.

• Proforma invoice: issued before the actual sale takes place, used for customs purposes

• Commercial invoice: issued after the sale, includes details of the transaction

• Utility invoice: bill for services like electricity, water, or gas

• Credit invoice: issued to correct errors on a previous invoice

Types of AP challenges include invoice processing errors, duplicate payments, and missing discounts.

• Invoice processing errors

• Duplicate payments

• Missing discounts

Sourcing is the process of finding, evaluating, and selecting suppliers for goods and services.

• Identifying potential suppliers through research and networking

• Evaluating suppliers based on criteria such as quality, price, and reliability

• Negotiating contracts and terms with selected suppliers

• Managing relationships with suppliers to ensure timely delivery and quality

• Monitoring supplier performance and making improvements as needed

The question is about previous profile, reason for change and EV formula.

• Previous profile was in corporate finance, but I wanted to switch to investment banking for more challenging work.

• EV stands for Enterprise Value and is calculated as market capitalization plus debt minus cash and cash equivalents.

• Formula for EV is: EV = Market Capitalization + Debt - Cash and Cash Equivalents.

I will travel by car and public transportation.

• I prefer to travel by car for longer distances.

• For shorter distances, I use public transportation like buses or trains.

• I also enjoy walking or cycling for nearby destinations.

To start a Starbucks franchise in your town, you need to follow a specific process set by the company.

• Contact Starbucks corporate office to inquire about franchise opportunities

• Meet the financial requirements and submit a franchise application

• Find a suitable location for the Starbucks store

• Complete the required training and adhere to Starbucks' standards and guidelines

Accounts receivable is the money owed to a company by its customers. Reconciliation is the process of matching transactions to ensure accuracy. Accounting golden rules are basic principles of accounting. Collection means the process of collecting payments from customers.

• Accounts receivable is the money owed to a company by its customers

• Reconciliation is the process of matching transactions to ensure accuracy

• Accounting golden rules are basic principles of accounting

• Collection ...read more

I would address the issue by providing feedback, setting clear expectations, offering support and training, and if necessary, implementing a performance improvement plan.

• Provide constructive feedback to the user regarding their performance issues

• Set clear expectations and goals for improvement

• Offer support and training to help the user improve

• Implement a performance improvement plan if necessary, with regular check-ins and feedback sessions

• Consider reassigning tasks or provid...read more

Minority interest refers to the portion of a subsidiary's net income or losses that is not owned by the parent company.

• It is the ownership stake in a company that is less than 50%

• It is reported on the balance sheet as a liability

• It is calculated by multiplying the subsidiary's net income or loss by the percentage of ownership held by the minority shareholder

• It is also known as non-controlling interest (NCI)

• Example: If a parent company owns 80% of a subsidiary and the remainin...read more

Capital withdrawals journal entry reflects the owner's personal withdrawals from the business.

• Capital withdrawals decrease the owner's equity in the business.

• The journal entry for capital withdrawals involves debiting the owner's equity account and crediting the cash account.

• Example: If the owner withdraws $1,000 from the business, the journal entry would be: Debit Owner's Withdrawals $1,000, Credit Cash $1,000.

Work in capital refers to the amount of money required to run a business on a daily basis.

• Work in capital is calculated by subtracting current liabilities from current assets.

• It is important for businesses to maintain a positive work in capital to ensure smooth operations.

• Examples of current assets include cash, inventory, and accounts receivable.

• Examples of current liabilities include accounts payable, taxes owed, and short-term loans.

Generate a new SSH key pair and update the instance with the new public key.

• Generate a new SSH key pair using ssh-keygen command.

• Update the instance with the new public key by adding it to the authorized_keys file.

• Ensure the new private key is securely stored and not shared.

POS receipts typically include details such as items purchased, prices, taxes, total amount, store information, and transaction ID.

• Items purchased

• Prices of each item

• Taxes applied

• Total amount

• Store information (name, address, contact)

• Transaction ID

A write off is when a company declares an asset as worthless and removes it from its balance sheet.

• A write off is a reduction in the value of an asset or liability on a company's balance sheet.

• It is typically done when an asset is deemed to be uncollectible or no longer useful.

• Write offs can also refer to the cancellation of a debt that is deemed uncollectible.

• For example, if a company determines that a customer's debt is uncollectible, they may write it off as a bad debt.

OTC and AR are not the same. OTC refers to over-the-counter medications, while AR refers to accounts receivable.

• OTC stands for over-the-counter medications that can be purchased without a prescription.

• AR stands for accounts receivable, which refers to money owed to a company by its customers for goods or services provided.

• OTC and AR are completely different concepts and are not related to each other.

Share repurchase is a process of buying back company's own shares from the market.

• Share repurchase is also known as stock buyback.

• It is a way for companies to return value to shareholders.

• It can be done through open market purchases or tender offers.

• Share repurchase reduces the number of outstanding shares, increasing earnings per share.

• It can also be used to prevent hostile takeovers.

• Example: Apple repurchased $75 billion worth of its own shares in 2018.

• Example: Coca-Cola ha...read more

Restricted cash is cash that is set aside for a specific purpose and cannot be used for other expenses.

• Restricted cash is typically held in a separate account or in a separate section of the general ledger.

• It is often used to ensure that funds are available for a specific purpose, such as a legal settlement or a capital expenditure.

• Examples of restricted cash include security deposits, escrow accounts, and funds held in trust.

• Restricted cash is reported separately on the bala...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

Inheritance is a concept in object-oriented programming where a class can inherit attributes and methods from another class.

• Inheritance allows for code reusability and promotes the concept of 'is-a' relationship.

• There are different types of inheritance such as single inheritance, multiple inheritance, multilevel inheritance, and hierarchical inheritance.

• Example: Class B inheriting from Class A - 'class B: public A {}'

Normalised profit is the adjusted profit of a company, excluding one-time or non-recurring items.

• Normalised profit is used to provide a more accurate picture of a company's ongoing profitability.

• It excludes one-time gains or losses, such as the sale of assets or restructuring costs.

• Normalised profit is calculated by adjusting the reported profit for these one-time items.

• It is useful for comparing the profitability of a company over time or against its peers.

• For example, if a ...read more

Critical thinking is essential for problem-solving and decision-making in daily work.

• Analyze situations objectively before making decisions

• Consider multiple perspectives and potential outcomes

• Ask questions to gather more information

• Evaluate the credibility of sources

• Think creatively to come up with innovative solutions

Shrinkage and attrition can be controlled through effective training, communication, incentives, and monitoring.

• Implementing proper training programs to educate employees on the importance of reducing shrinkage and attrition.

• Establishing clear communication channels to address any concerns or issues that may lead to shrinkage and attrition.

• Offering incentives such as bonuses or rewards for meeting shrinkage and attrition targets.

• Regularly monitoring inventory levels and emplo...read more

Traffic rules are regulations designed to ensure safe and orderly movement of vehicles and pedestrians on roads.

• Traffic signals control the flow of traffic; for example, red means stop, green means go.

• Speed limits are set to ensure safety; exceeding them can lead to accidents.

• Right of way rules dictate who goes first at intersections; for instance, vehicles on the main road have priority.

• Seat belts are mandatory for safety; wearing them reduces the risk of injury in accidents...read more

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

WNS Global Services is a business process management company.

• Provides outsourcing solutions to various industries

• Offers services such as customer service, finance and accounting, and research and analytics

• Has over 40 delivery centers worldwide

• Clients include Fortune 500 companies

Customer service is the provision of assistance and support to customers before, during, and after purchase.

• Customer service involves understanding the needs and expectations of customers

• It includes effective communication, problem-solving, and conflict resolution skills

• Providing timely and accurate information to customers is crucial

• Going above and beyond to exceed customer expectations can lead to customer loyalty and positive word-of-mouth

• Examples of good customer service ...read more

Clinical research is the scientific study of the effectiveness and safety of medical treatments and interventions.

• Clinical research involves conducting studies to gather data on new drugs, devices, or treatments.

• It aims to determine the effectiveness, safety, and side effects of these interventions.

• Clinical research follows strict protocols and guidelines to ensure ethical conduct and reliable results.

• It involves recruiting and monitoring participants, collecting and analyzin...read more

S2P stands for Source-to-Pay and P2P stands for Procure-to-Pay. They are processes used in procurement and finance management.

• S2P involves the entire procurement process from sourcing suppliers to making payments.

• P2P focuses specifically on the purchasing process, from requisition to payment.

• Both S2P and P2P aim to streamline and optimize the procurement and payment processes.

• Examples of S2P tools include SAP Ariba and Coupa.

• Examples of P2P tools include Oracle Procurement Cl...read more

Import Export involves the buying and selling of goods and services between countries.

• Involves the exchange of goods and services between countries

• Requires knowledge of international trade regulations and customs procedures

• Can involve tariffs, quotas, and trade agreements

• Examples include importing electronics from China or exporting agricultural products to Europe

Insurance is a financial product that provides protection against financial losses.

• Insurance is a contract between an individual or organization and an insurance company.

• The individual or organization pays a premium in exchange for coverage against specified risks.

• Types of insurance include health, life, auto, home, and business insurance.

• Insurance helps mitigate financial risks and provides peace of mind.

• Insurance companies use actuarial science to calculate risks and set pr...read more

P2P, O2C, RTR are three different processes in finance and accounting.

• P2P stands for Procure-to-Pay and involves the entire process of purchasing goods or services, from requisition to payment.

• O2C stands for Order-to-Cash and involves the entire process of receiving and fulfilling customer orders, from order entry to payment receipt.

• RTR stands for Record-to-Report and involves the entire process of recording financial transactions and generating financial statements.

• These pro...read more

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

• Tally is used for bookkeeping, inventory management, payroll processing, and tax filing.

• It can be used by businesses of all sizes, from small startups to large corporations.

• Tally is popular in India and is also used in other countries.

• It has features like GST compliance, bank reconciliation, and budgeting.

• Tally can be used in various industries like retail, manufacturing, and servi...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

Expectations mapping involves aligning role responsibilities and compensation.

• Clearly define the role and responsibilities of the position

• Determine the market value of the position

• Set realistic expectations for performance and growth

• Regularly review and adjust compensation based on performance and market trends

Fixed market refers to a market where the prices of securities are set and do not fluctuate, while derivative instruments are financial contracts whose value is derived from an underlying asset.

• Fixed market is a market where the prices of securities are determined and do not change based on market conditions.

• Derivative instruments are financial contracts whose value is derived from an underlying asset such as stocks, bonds, commodities, or currencies.

• Examples of derivative in...read more

Reconciliation in accounts is the process of comparing two sets of records to ensure they are in agreement.

• Reconciliation involves comparing financial records, such as bank statements and general ledger accounts.

• It helps identify discrepancies and errors in the records.

• Common types of reconciliations include bank reconciliation, accounts receivable reconciliation, and accounts payable reconciliation.

• Reconciliation is important for ensuring accuracy in financial reporting and ...read more

Excel shortcuts include Ctrl+C for copy, Ctrl+V for paste, Ctrl+Z for undo, and F2 for edit.

• Ctrl+C for copy

• Ctrl+V for paste

• Ctrl+Z for undo

• F2 for edit

Sanctioned countries are those that have been identified as posing a threat to national security or international peace.

• Sanctions are imposed on countries for various reasons such as human rights violations, terrorism support, nuclear proliferation, and aggression towards other nations.

• Examples of sanctioned countries include Iran, North Korea, Syria, and Venezuela.

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

• The goal of sanct...read more

SUM calculates the sum of a column or expression, while SUMX calculates the sum of an expression evaluated for each row in a table.

• SUM is used to calculate the sum of a column or expression in Power BI.

• SUMX is used to calculate the sum of an expression evaluated for each row in a table.

• SUM is typically used with columns, while SUMX is used with tables or filtered tables.

• SUMX can be used to perform more complex calculations by iterating over each row in a table.

Interaction mode in Power BI allows users to interact with visualizations and explore data in a more dynamic way.

• Interaction mode can be accessed by clicking on the 'Focus mode' button in the top right corner of a visualization.

• In interaction mode, users can hover over data points to see more information, filter data, and drill down into details.

• Users can also use the 'Selection pane' to show or hide specific visualizations or data points.

• Interaction mode is useful for presen...read more

POS stands for Point of Sale, a system used by businesses to process transactions.

• POS systems are used by businesses to accept payments from customers.

• They can include hardware like cash registers, barcode scanners, and card readers.

• POS systems can also include software for inventory management, sales reporting, and customer relationship management.

• Examples of POS systems include Square, Shopify POS, and Toast.

Recruit people by leveraging technology, social media, and employee referrals.

• Use social media platforms to advertise job openings and reach a wider audience

• Leverage technology such as applicant tracking systems to streamline the recruitment process

• Encourage employee referrals and incentivize them to refer qualified candidates

• Attend job fairs and networking events to connect with potential candidates

• Offer competitive compensation and benefits packages to attract top talent

I am interested in WNS because of its reputation for providing excellent opportunities for growth and development.

• WNS has a strong reputation in the industry for providing excellent career growth opportunities

• I am impressed by the company's commitment to innovation and technology

• I believe WNS's global presence will offer me a chance to work on diverse projects

• I have heard positive feedback from current employees about the company culture and work environment

Mortgage insurance is a type of insurance policy that protects a lender or investor in case the borrower defaults on their mortgage payments.

• Mortgage insurance is typically required for borrowers who put down less than 20% of the home's purchase price.

• There are two types of mortgage insurance: private mortgage insurance (PMI) for conventional loans and mortgage insurance premium (MIP) for FHA loans.

• Mortgage insurance premiums are added to the borrower's monthly mortgage payme...read more

I have a strong understanding of MS Excel and its various functions and features.

• Proficient in creating and formatting spreadsheets

• Skilled in using formulas and functions to perform calculations

• Experienced in data analysis and visualization using charts and graphs

• Familiar with advanced features like pivot tables and macros

• Knowledgeable in data sorting, filtering, and conditional formatting

Power BI is preferred over Tableau for its seamless integration with Microsoft products and user-friendly interface.

• Seamless integration with Microsoft products like Excel, SharePoint, and Teams

• User-friendly interface with drag-and-drop functionality for easy data visualization

• Cost-effective solution for organizations already using Microsoft products

• Faster data processing and refreshing capabilities compared to Tableau

• Robust DAX language for creating complex calculations and ...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

Women's improvement entails addressing gender disparities, promoting equality, empowering women, and providing opportunities for growth and development.

• Addressing gender disparities in education, employment, and leadership positions

• Promoting equality in pay, healthcare access, and legal rights

• Empowering women through education, skills training, and support networks

• Providing opportunities for growth and development through mentorship programs and leadership initiatives

Company x valuation can be found using various methods such as discounted cash flow, comparable company analysis, and precedent transactions.

• Use discounted cash flow (DCF) method to estimate the present value of company x's future cash flows.

• Conduct comparable company analysis by comparing company x's financial metrics to similar publicly traded companies.

• Look at precedent transactions in the industry to see what similar companies have been valued at in the past.

It is impossible to accurately determine the exact number of airplanes flying in the sky at any given moment.

• The number of airplanes in the sky constantly changes due to take-offs, landings, and flights being at different stages.

• Factors such as time of day, weather conditions, and air traffic also affect the number of airplanes in the sky.

• Air traffic control systems may provide estimates of the number of airplanes in a specific airspace, but not globally.

Use SQL query to extract data from a given table

• Use SELECT statement to retrieve data from the table

• Specify the columns you want to retrieve after SELECT

• Use FROM clause to specify the table name

• Add conditions using WHERE clause if needed

• Use ORDER BY clause to sort the results if necessary

Regulatory changes can impact motor insurance market in various ways.

• Regulatory changes can affect the pricing of motor insurance policies.

• Changes in regulations can also impact the coverage offered by insurance policies.

• Regulatory changes can lead to an increase or decrease in competition in the motor insurance market.

• Changes in regulations can also impact the claims process and settlement timelines.

• Regulatory changes can also impact the profitability of insurance companies ...read more

Women safety is a critical issue that needs to be addressed through awareness, education, and strict laws.

• Ensuring safe public spaces for women to prevent harassment and violence

• Promoting gender equality and empowering women to speak up against abuse

• Implementing effective laws and policies to protect women from domestic violence and discrimination

• Providing access to support services such as helplines and shelters for victims of violence

Group By in Power Query is used to aggregate data based on a specific column or columns.

• Select the column(s) you want to group by

• Go to the 'Transform' tab and click on 'Group By'

• Choose the aggregation type and column to aggregate on

• Rename the new column if needed

BPO stands for Business Process Outsourcing. It involves contracting non-core business functions to a third-party provider.

• BPO is a cost-effective way for companies to handle non-core business functions such as customer service, data entry, and accounting.

• BPO providers are typically located in countries with lower labor costs, such as India and the Philippines.

• BPO can be categorized into back-office outsourcing and front-office outsourcing.

• Back-office outsourcing includes fun...read more

Schema for n Power BI is the structure of the data model used to organize and connect data sources.

• Schema defines the relationships between tables, columns, and measures.

• It helps in creating a logical model of the data.

• Schema can be created using Power BI Desktop or Power BI Service.

• Example: A schema for sales data may include tables for customers, products, and sales transactions.

• Schema can also include calculated columns and hierarchies.

Spark architecture refers to the structure of Apache Spark framework, while partitions are units of data distribution for parallel processing.

• Spark architecture includes components like Driver, Executor, and Cluster Manager

• Partitions are units of data distribution for parallel processing in Spark RDDs

• Increasing the number of partitions can improve parallelism and performance

• Example: In Spark, data is divided into partitions which are processed in parallel by different executo...read more

I listen to their concerns, empathize with them, and offer a solution to their problem.

• Listen actively to their concerns

• Empathize with their situation

• Offer a solution to their problem

• Apologize for any inconvenience caused

• Follow up to ensure their satisfaction

Contracts creation in SCM involves drafting, negotiating, and finalizing agreements with suppliers or vendors.

• Contracts creation starts with identifying the need for a contract with a supplier or vendor.

• The next step involves drafting the terms and conditions of the contract, including pricing, delivery schedules, and quality standards.

• Negotiation with the supplier or vendor may be necessary to reach mutually agreeable terms.

• Once the terms are finalized, the contract is signe...read more

C uses a set of 128 characters, including letters, digits, special characters, and control characters.

• C uses 26 letters (uppercase and lowercase), 10 digits (0-9), and various special characters like !, @, #, $, %, etc.

• C also includes control characters like newline, tab, carriage return, etc.

• The total number of characters used in C is 128.

C is a programming language known for its efficiency and flexibility. It uses 256 characters.

• C is a high-level programming language used for system programming, embedded systems, and applications.

• C uses 256 characters, including letters, digits, special characters, and whitespace.

• Examples of characters in C include 'a', '1', '+', and ' '.

Build strong relationships through effective communication, cultural understanding, and responsiveness.

• Communicate clearly and regularly to ensure mutual understanding

• Respect cultural differences and adapt communication style accordingly

• Be responsive to client needs and concerns

• Seek feedback and address any issues promptly

• Build trust through consistent delivery of high-quality work

Equity involves ownership in a company, while fixed income involves lending money to a company or government.

• Equity represents ownership in a company and offers potential for higher returns but also higher risk.

• Fixed income involves lending money to a company or government in exchange for regular interest payments and return of principal.

• Investors often choose between equity and fixed income based on their risk tolerance, investment goals, and market conditions.

• Examples of eq...read more

Provision expense general entry is the accounting entry made to recognize an estimated expense that has not yet been realized.

• Provision expense general entry is made to account for expenses that are likely to occur in the future but have not yet been incurred.

• It involves debiting the provision expense account and crediting the corresponding liability account.

• For example, a company may make a provision for bad debts by debiting the provision for bad debts account and crediting...read more

Prepaid expense is an advance payment made for goods or services that will be received in the future.

• Prepaid expenses are recorded as assets on the balance sheet

• They are gradually expensed over time as the goods or services are received

• Examples include prepaid rent, insurance premiums, and subscriptions

• Prepaid expenses are commonly used in businesses to manage cash flow

A group in Tally is a collection of ledgers of the same nature.

• Groups are used to classify and organize ledgers.

• Tally provides predefined groups such as Sundry Debtors, Sundry Creditors, etc.

• Users can also create custom groups based on their business needs.

• Groups help in generating reports and analyzing financial data.

• Ledgers can be easily moved from one group to another in Tally.

Types of maintenance include preventive, predictive, corrective, and proactive maintenance. Each type requires different strategies to effectively manage and address maintenance issues.

• Preventive maintenance involves regularly scheduled inspections and tasks to prevent breakdowns (e.g. changing air filters in HVAC systems)

• Predictive maintenance uses data and analytics to predict when equipment will fail and schedule maintenance accordingly (e.g. vibration analysis to detect b...read more

I prefer not to disclose my current CTC. As for my expected CTC, I am looking for a fair and competitive salary based on my skills and experience.

• I am not comfortable sharing my current CTC as it is confidential information.

• My expected CTC is based on my skills, experience, and the market standards for this position.

• I am open to negotiation and would appreciate a fair and competitive salary offer.

• I am more interested in the growth opportunities and learning potential of the r...read more

There are four heart valves present in our body.

• There are four main heart valves: aortic valve, pulmonary valve, mitral valve, and tricuspid valve.

• These valves help regulate blood flow through the heart chambers, ensuring that blood flows in the correct direction.

• Heart valve diseases can occur when these valves do not function properly, leading to symptoms like chest pain, shortness of breath, and fatigue.

Power BI Report is a single report page, while Power BI App is a collection of multiple reports and dashboards.

• Power BI Report is a single page report with visualizations and data insights.

• Power BI App is a collection of multiple reports, dashboards, and datasets organized together.

• Power BI Report can be shared individually, while Power BI App is shared as a package of related content.

• Power BI App allows for more interactive and customized user experience compared to a single...read more

Stopover is a break in a journey for more than 24 hours. Transfer is a break in a journey for less than 24 hours.

• Stopover is a planned break in a journey for more than 24 hours

• Transfer is an unplanned break in a journey for less than 24 hours

• Stopover can be used to explore a city or country before continuing the journey

• Transfer is usually used to change planes or modes of transportation

• Stopover may incur additional fees while transfer usually does not

Implemented and managed end-to-end processes to ensure efficiency and quality in operations.

• Developed detailed process maps to visualize workflows

• Established key performance indicators (KPIs) to measure process effectiveness

• Regularly reviewed and updated processes to adapt to changing business needs

The question is about discussing technical and product dimensions with a group manager.

• Discuss the technical aspects of the project, such as programming languages, frameworks, and tools used.

• Explain the product dimensions, including its features, functionality, and target audience.

• Highlight the importance of collaboration between technical and product teams.

• Provide examples of successful projects where technical and product dimensions were effectively aligned.

• Emphasize the ne...read more

P2P Cycle stands for Procure-to-Pay Cycle, which is the process of obtaining and paying for goods and services.

• P2P Cycle starts with the need for goods or services, followed by requisition, approval, purchase order creation, receipt of goods/services, invoice processing, and payment.

• It involves multiple steps such as vendor selection, negotiation, purchase order issuance, goods receipt, invoice verification, and payment processing.

• Efficient P2P Cycle management helps organiza...read more

ROS stands for Return on Sales in Power BI.

• ROS is a financial metric used to measure the profitability of a company.

• It is calculated by dividing the net income by the total revenue.

• ROS is expressed as a percentage and is used to evaluate a company's efficiency in generating profits.

• For example, if a company has a net income of $100,000 and total revenue of $1,000,000, the ROS would be 10%.

The three main types of accounting are financial accounting, management accounting, and tax accounting.

• Financial accounting focuses on recording and reporting financial transactions of a business.

• Management accounting involves providing information to help with internal decision-making and planning.

• Tax accounting deals with tax-related matters, such as preparing tax returns and ensuring compliance with tax laws.

KRA stands for Key Result Area. It is a strategic tool used to define the main areas of responsibility for a role.

• KRA helps in setting clear expectations and goals for employees

• It helps in evaluating performance based on specific objectives

• KRA is usually defined at the beginning of a performance cycle and reviewed periodically

• Examples of KRA for a Senior Quality Analyst could include improving defect detection rate, reducing customer complaints, and enhancing quality assuranc...read more

HR stands for Human Resources, which refers to the department within an organization responsible for managing employees and their needs.

• HR involves recruiting, hiring, training, and managing employees.

• It also includes handling employee benefits, performance evaluations, and resolving conflicts.

• HR plays a crucial role in ensuring compliance with labor laws and creating a positive work environment.

• Examples: conducting interviews, implementing diversity initiatives, organizing t...read more

A PO contains details such as item description, quantity, price, delivery date, payment terms, and supplier information.

• Item description

• Quantity

• Price

• Delivery date

• Payment terms

• Supplier information

Procure to pay is the process of obtaining and paying for goods and services from suppliers.

• Involves requesting goods/services, receiving them, approving invoices, and making payments

• Includes steps like purchase requisition, purchase order, goods receipt, invoice verification, and payment processing

• Helps streamline the purchasing process and ensure timely payments to suppliers

Accounts Payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

• Accounts Payable is a liability on the balance sheet

• It represents the amount of money a company owes to its suppliers or vendors

• It is typically recorded when goods or services are received before payment is made

• Accounts Payable is an important part of the working capital management of a company

SQL Server Architecture refers to the structure and components of the SQL Server database management system.

• SQL Server Architecture consists of three main components: Database Engine, SQL Server Agent, and SQL Server Browser.

• The Database Engine is responsible for storing, processing, and securing data.

• SQL Server Agent handles automation tasks, scheduling jobs, and managing alerts.

• SQL Server Browser helps clients locate and connect to SQL Server instances.

• SQL Server Architectu...read more

Working capital is the difference between a company's current assets and current liabilities.

• Working capital is a measure of a company's operational efficiency and short-term financial health.

• It shows how much liquid assets a company has available to meet its short-term obligations.

• Formula: Working Capital = Current Assets - Current Liabilities

• Examples of current assets: cash, accounts receivable, inventory

• Examples of current liabilities: accounts payable, short-term debt