Interview Questions

Q:

Accrual accounting is used because

A) it provides a better indication of ability to generate cash flows than the cash basis. B) it recognizes revenues when cash is received and expenses when cash is paid.
C) cash flows are considered less important. D) All of the above
 
Answer & Explanation Answer: A) it provides a better indication of ability to generate cash flows than the cash basis.

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Accounts Payable
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 2779
Q:

How to upload files in Amazon S3?

Answer

Amazon S3 provides uploading of large files and retrieve small offsets for end-to-end transfer data rates. The large file gets stored into small files that are smaller in size. Amazon S3 stores multiple of files together in a bundle or in a compressed form, For example in .gzip or .gz format and then convert them into Amazon S3 objects. The files get uploaded on the Amazon server by the use of FTP or another protocol and then retrieved through the HTTP GET request. The request includes the defined parameters like URL, offset (byte-range) and size (length).

Report Error

View answer Workspace Report Error Discuss

Subject: Cloud Computing

0 2778
Q:

Describe Android Application Architecture.

Answer

Android Application Architecture has the following components:
* Services – like Network Operation
* Intent - To perform inter-communication between activities or services
* Resource Externalization - such as strings and graphics
* Notification signaling users - light, sound, icon, notification, dialog etc.
* Content Providers - They share data between applications

Report Error

View answer Workspace Report Error Discuss

0 2777
Q:

What documents are used for use cases?

Answer

There are 2 documents: 


FRD (functional requirement document) 


SDD (system design document) which can also be called TRS (Technical requirements specifications) 

Report Error

View answer Workspace Report Error Discuss

0 2775
Q:

How do you insert a record with a nullable column?

Answer

To insert a NULL, move -1 to the null indicator


To insert a valid value, move 0 to the null indicator


 

Report Error

View answer Workspace Report Error Discuss

0 2774
Q:

Compounding interest means interest accrues

A) at variable rates throughout the term B) more quickly than simple interest
C) more slowly than simple interest D) at the same rate as simple interest
 
Answer & Explanation Answer: B) more quickly than simple interest

Explanation:

Compounding interest means interest accrues on the interest charged and the principal amount each period the interest is charged.

Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.The total initial amount of the loan is then subtracted from the resulting value.

The formula for calculating compound interest is:

[P (1 + i)n] – P

= P [(1 + i)n – 1]

(Where P = Principal, i = nominal annual interest rate in percentage terms, and n = number of compounding periods.)


Take a three-year loan of Rs. 10,000 at an interest rate of 5% that compounds annually. What would be the amount of interest? In this case, it would be:

Rs. 10,000 [(1 + 0.05)3] – 1

= 10,000 [1.157625 – 1]

= Rs. 1,576.25.

 

How it grows ::

 

compound_interest1532497613.jpg image

 

Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 2772
Q:

What do you mean by Credit Management under AR in Professional field?

Answer

Credit Management is the process of managing the outstanding receivables of the organistion as per the policies adopted by the organisation. Companies might the approach of categorising the B/R by their ageing and provision for the same would be taken into account while preparing the financial statements for an organisation.

Report Error

View answer Workspace Report Error Discuss

1 2772
Q:

In the JCL, how do you define the files referred to in a subroutine ?

Answer

Supply the DD cards just as you would for files referred to in the main program.

Report Error

View answer Workspace Report Error Discuss

0 2771