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

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Q:

How long can you commit to work with us?

Answer

I like new challenges and fortunate to develop. As long as I keep doing these, I don’t think I’ll need to alter. I’d like to consider that this relationship lasts for many years. However, I haven’t set a period of time limit as such.


 

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Subject: Human Resources

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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


 

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Q:

Why are commercial advertisements made?

A) To convince the viewer to buy a product B) To confuse the viewer about the different products in market
C) To dissuade the viewer from buying a product D) To highlight the flaws of a product
 
Answer & Explanation Answer: A) To convince the viewer to buy a product

Explanation:

Commercial advertisements are created for the purpose of raising the awareness of the public on a company's products or services.

 

* It is very important for a business to have its goods and services known to the public.

 

* It can greatly boost its sales by attracting more csutomers which in effect helps a company grow and become successful.

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Filed Under: Advertising and Media
Exam Prep: AIEEE
Job Role: Analyst

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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).

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Subject: Cloud Computing

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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.

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Q:

What is reconciliation ?

Answer

You should have recorded in your cash books all amounts you have actually received and payments you have actually made. However the cash books may be incomplete as your bank may have put extra transactions through your account such as:


► bank fees or interest charges
► direct debits (payments) and direct credits (receipts).


Doing a regular bank reconciliation will allow you to:


► take into account any extra transactions your bank puts through your account and
► check and record any errors or omissions.


By regularly doing a bank reconciliation (say monthly) you can be more confident that your records contain all the information you need to prepare your income tax return and activity statements.

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Subject: Accounts Payable Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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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.

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