Interview Questions

Q:

What does drop ship mean in Accounts ?

Answer

Drop Ship refers to, a manufacturer shipping goods directly to one of its customers' customer (instead of delivering the goods to the customer that placed the order with the manufacturer).


This concept of shipping goods is called as drop ship, drop shipping or a drop shipment.

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

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Q:

Galloping inflation is also known as

A) Hyperinflation B) Jumping inflation
C) Moderate inflation D) None
 
Answer & Explanation Answer: B) Jumping inflation

Explanation:

Galloping inflation is also known as jumping inflation.

 

It refers to a type of inflation that occurs when the prices of goods and services increase at the two-digit or three-digit rate per annum.

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

2 2787
Q:

What are trade receivables?

Answer

Trade receivables are amounts billed by a business to its customers when it delivers goods or services to them in the ordinary course of business. These billings are typically documented on formal invoices, which are summarized in an accounts receivable aging report. In the general ledger, trade receivables are recorded in a separate accounts receivable account, and are classified as current assets on the balance sheet if you expect to receive payment from customers within one year.


To record a trade receivable, the accounting software creates a debit to the accounts receivable account and a credit to the sales account when you complete an invoice. When the customer eventually pays the invoice, the accounting software records the cash receipt transaction with a debit to the cash account and a credit to the accounts receivable account.


Trade receivables vary from non trade receivables in that non trade receivables are for amounts owed to the company that fall outside of the normal course of business, such as employee advances or insurance reimbursements. Also, most or all of the transactions passing through the main accounts receivable account are generated by the accounting system, as you create customer invoices and credit memos, whereas the transactions recording non trade receivables nearly always involve journal entries.

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Q:

How is sign stored in a COMP field?

Answer

It is stored in the most significant bit. Bit is ON if -ve, OFF if +ve.

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1 2773
Q:

What is salary TDS?

Answer

Means whatever income any employee received from the organisation and on that tax to be deducted. (e.g. Gross salary, Overtime, Bonus, Incentives etc.)

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0 2771
Q:

If an array with name as "names" contain three elements, then how will you print the third element of this array?

Answer

Print third array element document.write(names[2]);

Note:- Array index starts with 0.

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Subject: Web Technology

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Q:

Which namespaces in .NET are used for XML?

Answer

The System.xml.dll is the real physical file, which contains the XML implementation. Some of the other namespaces that allow .NET to use XML are as follows:


    


      =>  System.Xml

      =>  System.Xml.Schema

      =>  System.Xml.XPath

      => System.Xml.Xsl

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Subject: .NET

1 2768
Q:

Application_Start: This event occurs when the first user visits a page of the application.

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

Explanation:

whenever user visits a page application Application_start event occurs

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Subject: .NET
Job Role: Software Architect

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