Interview Questions

Q:

How to define Inter company Transaction in Account Receivable?

Answer

Before answering the above question let us first understand the meaning of Intercompany transactions. Intercompany transactions are those transactions that takes place between two or more entities of the same group of company. So the receivable of one entity would the payable of another entity. All intercompany transactions are eliminated befor preparing the final Balance sheet of the group company.

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6 6020
Q:

Difference between ER Modeling and Dimensional Modeling.

Answer

Dimensional modelling is very flexible for the user perspective. Dimensional data model is mapped for creating schemas. Where as ER Model is not mapped for creating shemas and does not use in conversion of normalization of data into denormalized form.


ER Model is utilized for OLTP databases that uses any of the 1st or 2nd or 3rd normal forms, where as dimensional data model is used for data warehousing and uses 3rd normal form.


ER model contains normalized data where as Dimensional model contains denormalized data.

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0 6008
Q:

Which of the following is not a correct variable type?

A) real B) char
C) float D) double
 
Answer & Explanation Answer: A) real

Explanation:

A variable provides us with named storage that our programs can manipulate. Each variable in C++ has a specific type, which determines the size and layout of the variable's memory the range of values that can be stored within that memory and the set of operations that can be applied to the variable.

The name of a variable can be composed of letters, digits, and the underscore character. It must begin with either a letter or an underscore. Upper and lowercase letters are distinct because C++ is case-sensitive −

 

Basic types of variables:


1. bool

Stores either value true or false.

2. char

Typically a single octet (one byte). This is an integer type.

3. int

The most natural size of an integer for the machine.

4. float

A single-precision floating point value.

5. double

A double-precision floating point value.

6. void

Represents the absence of type.

7. wchar_t

A wide character type.

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10 6005
Q:

Explain the function of Transmission Control Block

Answer

A TCB is a complex data structure that contains a considerable amount of information about each connection

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1 5960
Q:

Describe an instance when you had to think on your feet to extricate yourself from a difficult situation.

Answer

Sample Response :


When I was a resident assistant at my college, a student I did not know asked me if he could use my phone to call another room. Although I did not know the student, I allowed him into my room. He used the phone and in the course of his conversation, he stated that he had just come from a fraternity party and was high from taking some drugs. Well after his conversation, I had to enforce the student conduct code by writing him up. He became very hostile towards me and would not give me any identification or information. I stood in the doorway to prevent him from leaving. I noted the serial numbers on his keys, so when the situation got to the point where I felt unsafe, I allowed the him to leave. I still preformed my job without jeopardizing my or his physical welfare. 


 

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4 5931
Q:

What is Demat Account? what is the use of it?

Answer

Demat means Dematerialisation of share, in simple it is an account with which a person can trade in security market without which a person cannot buy or sell any share in security market. 

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Subject: Finance

6 5909
Q:

What are the most important values and ethics you demonstrate as a leader? Give me an example of these in practice.

Answer

Tips :


Integrity-being honest and believability and conviction- is one of concrete leadership abilities. The value and morals in personal behavior are the necessaries with an excellent leader and these values and morals need to be brought into organizational training and activities. A successful leader is the one who uses his/her conviction most efficiently. Leaders do not loose confidences or expose potentially dangerous information if they are close with their employees and they are the honest symbols.

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14 5893
Q:

What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?

Answer

Excess payment to supplier is treated as Advance paid to supplier. This will show as debit balance in supplier account.

Supplier can send the payment by way of cheque / demand draft without adjusting in his subsequent bills.

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Subject: Accounts Payable

2 5886