Interview Questions

A commercial bank is a type of bank that provides services such as accepting deposits, making business loans, and offering basic investment products.

Commercial bank can also refer to a bank or a division of a bank that mostly deals with deposits and loans from corporations or large businesses, as opposed to individual members of the public.

Cascade:

- Cascade process involves taking values from various other prompts.

- The result is a single report.

- The result is used when a criteria is to be implemented.

Drill Through:

- Drill Through process is implemented when navigation from summary to detailed information.

- Drill Through has a parent and a child report.

- Data of another report can be seen based on the current details of data.

Reconciling the bank statement monthly is an example of independent internal verification

Windows services, previously known as NT services, are applications that are installed on the system as system services. In other words, Windows services are applications that run in the background with the Windows operating system. The primary use of Windows services is to reduce the consumption of memory required for performing backend operations. Let's take an example to understand this easily. Suppose you want to perform a variety of functions, such as monitor the performance of your computer or application, check the status of an application, and manage various devices, such as printers.

In such a case, you can use Windows services to reduce memory consumption. In addition, Windows services can run on your system even if you have not logged on to your computer. In addition, these services do not have any user interface.

No.java and javascript are two different languages.
Java is a powerful object - oriented programming language like C++,C whereas Javascript is a client-side scripting language with some limitations.

FPO (Follow on Public Offer) is a process by which a company, which is already listed on an exchange, issues new shares to the investors or the existing shareholders, usually the promoters. FPO is used by companies to diversify their equity base. A follow-on public offer (FPO) is also called Further Public Offer.

Quality Assurance (QA): QA refers to the planned and systematic way of monitoring the quality of process which is followed to produce a quality product. QA tracks the outcomes and adjusts the process to meet the expectation.

Quality Control (QC): Concern with the quality of the product. QC finds the defects and suggests improvements. The process set by QA is implemented by QC. The QC is the responsibility of the tester.

Software Testing: is the process of ensuring that product which is developed by the developer meets the user requirement. The motive to perform testing is to find the bugs and make sure that they get fixed.

The three steps in the accounting process are

1. Identification,

2. Recording, and

3. Communication. 

Hence, analyzing and interpreting financial reports is not involved in the accounting process.