Categories: Accountancy ||
What is the financial impact of buying a fixed asset?Talking from the budget point of view the subsequent are going to be the impact:Income Statement – Buying won’t have any direct impact on the e
Categories: Accountancy ||
How to adjust entries into account?Entries are often adjusted under consideration by sorting entries into five categories:Accrued expenses: Expenses have been incurred, but the vendor’s invoices are
Categories: Accountancy ||
What are the pre-requisites of revenue recognition? Credits package be accepted just at this next rules are met:There does an adjustment among the user meaning that this business is thought to us
Categories: Accountancy ||
Define dual aspect term in accountingBecause the title suggests, the double character theory says that every transaction has two sides. For instance, once you purchase something, you give the cash and
Categories: Accountancy ||
What is the biggest challenge that you face in the accounting profession today?There is no such solution that you can answer this question but you should be able to demonstrate knowledge of comm
Categories: Accountancy ||
What are the accounting events that are frequently involved in compound entries?This accounting issues that are usually required in compound entrances are:Multiple line items during a supplier i
Categories: Accountancy ||
What proportion of statistics knowledge is important or required in accounting?You must be excellent at statistics if you would like to try to well in accounting. Otherwise, with minimum knowledge, yo
Categories: Accountancy ||
Differentiate public accounts and private accounts?Public accounting may be a sort of accounting that’s done by one company for an additional company. Private accounting is done for your own company
Categories: Accountancy ||
Define tally accounting?It’s an accounting method used in small businesses and shops for managing accounting transactions.What is departmental accounting?It’s a separate account created in the dep
Categories: Accountancy ||
Why did you choose the accounting profession?I decide to choose this field since I was very interested in learning more about numbers in various forms. Since I have scored well in my masters I d
Categories: Accountancy ||
Name the popular accounting applications?There are many apps you can tell the app you are familiar with like CGram Software, Financial Force, Microsoft Accounting Professional, Microsoft Dynamics AX,
Categories: Accountancy ||
Name the major errors in accounting?The very common error in accounting are-error of omission, errors of commission, errors of opinion, and compensating error.Difference between inactive and dormant a
Categories: Accountancy ||
Types of a business transaction are there in accounting?They are two types of business transactions in the accounting field that revenue and capital.Name real and Nominal Accounts with Examples.a) A r
Categories: Accountancy ||
In what way do you maintain accounting accuracy?As an organization, it is very important to maintain the accuracy of accounting or which will end in huge loss, there are various tools and resource whi
Categories: Accountancy ||
What’s the acronym for the accounting words debit and credit? The debit version is “dr” and the credit summary is “cr”.What percentage of sorts of Business transactions are there in Acc
Categories: Accountancy ||
How does Inventory Write-Down Affect the three Statements?In the balance sheet, the assets account of inventory is reduced by the amount of the write-down so is the shareholder’s equity. The income
Categories: Accountancy ||
What are the three Important Financial Statements?The balance sheet shows the company’s assets, liabilities, and shareholder’s equity. The income statement outlines the company’s revenues and ex
Categories: Accountancy ||
How do you bridge the gap when you are trying to make an individual with no accounting knowledge grasp complex accounting concepts?Here the recruiter is gauging your communication skills. T
Categories: Accountancy ||
Why do you want to join this company? Interviewers want to know that you’re genuinely interested in working for their organization. To give a thorough answer, research the company’s website t
Categories: Accountancy ||
What are the different types of liquidity ratios in accounting?Basically, there are five different types of ratios in accounting:Current RatioThe higher the company has current ratio, the better is th
Categories: Accountancy ||
Are you in favor of having accounting standards?I believe that accounting standards contribute to high quality and accurate reporting and ensure reliable financial statements.What do you mean by Amort
Categories: Accountancy ||
When do you capitalize rather than expense a purchase?An item’s cost is capitalized if it is expected to be consumed by the company over a long period. This way their economic value does not depreci
Categories: Accountancy ||
What is the dual aspect term?The dual aspect suggests that every business transaction requires double-entry bookkeeping. This can be understood with the example- If you purchase anything, you give the
Categories: Accountancy ||
What are Trade Bills?Every transaction is documented and the trade bills are those documents, generated against each transaction.Can you define the term Material Facts?Yes, these are the documents suc
Categories: Accountancy ||
What do you mean when you say that you have negative working capital? When a company’s current liabilities exceed its current assets, it is named negative working capital. It is a common termin
Categories: Accountancy ||
What happens to the cash, which is collected from the customers but not recorded as revenue? It goes into “Deferred Revenue” on the balance sheet as a liability if no revenue has been earned
Categories: Accountancy ||
What are fictitious assets?Fictitious assets are intangible assets and their benefit is derived over a longer period, for example, goodwill, rights, deferred revenue expenditure, miscellaneous expense
Categories: Accountancy ||
What are some of the ways to estimate bad debts?Some of the popular ways of estimating bad debts are – the percentage of outstanding accounts, aging analysis, and percentage of credit sales.What is
Categories: Accountancy ||
What is the difference between ‘accounts payable (AP)’ and ‘accounts receivable (AR)’?For this simple accounting interview question refer to the table below.Accounts PayableAccounts Rece
Categories: Accountancy ||
Tell me about yourself! The employer’s intention is none other than to break the ice and get to know you a little better to steer the conversation in the direction you want. Without a doubt, th
Categories: PHP ||
How can we get IP address of a client in PHP?$_SERVER["REMOTE_ADDR"]; What is the meaning of a Persistent Cookie?A persistent cookie is permanently stored in a cookie file on the brow
Categories: PHP ||
How do you connect MySQL database with PHP?There are two methods to connect MySQL database with PHP. Procedural and object-oriented style.How to create connection in PHP?The mysqli_connect() fun
Categories: PHP ||
What is the method to register a variable into a session?<?php Session_register($ur_session_var); ?> What is $_SESSION in PHP?A session creates a file in a
Categories: PHP ||
Explain some of the PHP array functions?There are many array functions in PHP:array()array_change_key_case()array_chunk()count()sort()array_reverse()array_search()array_intersect()What is the differen
Categories: PHP ||
How to do single and multi line comment in PHP?PHP single line comment is made in two ways:Using // (C++ style single line comment)Using # (Unix Shell style single line comment)PHP multi-line comment
Categories: PHP ||
Which programming language does PHP resemble to?PHP has borrowed its syntax from Perl and C.What is "echo" in PHP?PHP echo output one or more string. It is a language construct not a function. So the
Categories: PHP ||
What is PHP?PHP stands for Hypertext Preprocessor. It is an open source server-side scripting language which is widely used for web development. It supports many databases like MySQL, Oracle, Sybase,
Categories: Python ||
What is lambda function in Python?The anonymous function in python is a function that is defined without a name. The normal functions are defined using a keyword "def", whereas, the anonymous function
Categories: Python ||
What is pickling and unpickling in Python?The Python pickle is defined as a module which accepts any Python object and converts it into a string representation. It dumps the Python object into a file
Categories: Java 8(JDK1.8) || Python ||
What are the difference between local and global variable in Python?Global Variables:a) Variables declared outside a function or in global space are called global variables.b) If a variable is e
Categories: Education || Technology ||
Keeping Your Financial Assets Safe from Identity Theft October is Cybersecurity Awareness Month when individuals and associations figure out how to diminish their network safety gambles and s
Categories: Education || Technology ||
Keeping Your Financial Assets Safe from Identity Theft October is Cybersecurity Awareness Month when individuals and associations figure out how to diminish their network safety gambles and s
Categories: Education ||
Nurse Educators Play Vital Roles in Health Care The gallant endeavors of bleeding edge medical services laborers all through the COVID-19 pandemic legitimacy progressing acknowledgment and ap
Categories: Python ||
What is the use of break statement?The break statement is used to terminate the execution of the current loop. Break always breaks the current execution and transfer control to outside the current blo
Categories: Python ||
What is zip() function in Python?Python zip() function returns a zip object, which maps a similar index of multiple containers. It takes an iterable, convert into iterator and aggregates the ele
Categories: Python ||
What is Python?Python was created by Guido van Rossum, and released in 1991.It is a general-purpose computer programming language. It is a high-level, object-oriented language which can run equally on
Categories: Java 8(JDK1.8) ||
What is the use of a WeakSet object in JavaScript?The JavaScript WeakSet object is the type of collection that allows us to store weakly held objects. Unlike Set, the WeakSet are the collections
Categories: Java 8(JDK1.8) ||
What is the difference between View state and Session state?"View state" is specific to a page in a session whereas "Session state" is specific to a user or browser that can be accessed across all pag
Categories: Java 8(JDK1.8) ||
Difference between Client side JavaScript and Server side JavaScript?Client-side JavaScript comprises the basic language and predefined objects which are relevant to running JavaScript in a browser. T
Categories: Java 8(JDK1.8) ||
How to write a comment in JavaScript?There are two types of comments in JavaScript.a) Single Line Comment: It is represented by // (double forward slash)b) Multi-Line Comment: Slash represents it with