Interview Questions

Q:

What is the Debit Balance recovery? How we can recover if we wont have any future transactions from supplier?

Answer

The Debit balance recovery is usually made by raising a credit memo for the regular vendors. However if there are no future transactions from the supplier, we ask the vendor to send the check / make an EFT for the amount due from him.

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Subject: Accounts Payable

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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

8 3078
Q:

Do you work well under pressure?

Answer

In most cases, the best answer to this question is answering yes. Working well under pressure is a good trait to have. However, I think if you answer that you work the same with pressure and without pressure, the interviewer will be more impressed. However, you will need to explain in words why this is better. Here are some of my answers.


1. "I work well under pressure because I use the pressure to help me work more efficiently."


2. "I enjoy working under pressure because I believe it helps me grow. In my previous experience, I always worked well during deadlines, and I always learned how to work more efficiently afterwards."


3. "I work well under pressure because I don't panic. I maintain self control and work as efficiently as possible. In all my experiences, I did well and I always enjoyed the experience."

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Q:

Explain the use of lookup tables and Aggregate tables.

Answer

At the time of updating the data warehouse, a lookup table is used. When placed on the fact table or warehouse based upon the primary key of the target, the update is takes place only by allowing new records or updated records depending upon the condition of lookup.


The materialized views are aggregate tables. It contains summarized data. For example, to generate sales reports on weekly or monthly or yearly basis instead of daily basis of an application, the date values are aggregated into week values, week values are aggregated into month values and month values into year values. To perform this process aggregate function is used.

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Q:

What is the proper way of setting up an Android-powered device for app development?

Answer

The following are steps to be followed prior to actual application development in an Android-powered device:


- Declare your application as “debuggable” in your Android Manifest.


- Turn on “USB Debugging” on your device.


- Set up your system to detect your device.


 

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Q:

Why do capital expenditures increase assets (PP&E), while other cash outflows, like paying salary, taxes, etc., do not create any asset, and instead instantly create an expense on the income statement that reduces equity via retained earnings ?

Answer

Capital expenditures are capitalized because of the timing of their estimated benefits – the lemonade stand will benefit the firm for many years. The employees’ work, on the other hand, benefits the period in which the wages are generated only and should be expensed then. This is what differentiates an asset from an expense.


 

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

4 3072
Q:

What is commercial Bank ?

Answer

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.

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Subject: Bank Interview

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Q:

What are the Advantages of Node.js?

Answer

Aynchronous and Event Driven - All APIs of Node.js library area unit aynchronous that's non-blocking. It basically means that a Node.js based mostly server not waits for a API to return information. Server moves to next API when calling it and a notification mechanism of Events of Node.js helps server to induce response from the previous API decision.


Very FastNode.js library is very fast in execution of code.


Single Threaded but highly Scalable Node.js uses a single threaded model with event looping. Node.js uses a single threaded program and same program can services much larger number of requests than traditional server like open source.


No Buffering - Node.js applications never buffer any data. These applications simply output the data in faster.

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Subject: Web Technology
Job Role: Software Architect

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