Interview Questions

Q:

What is the meaning of TDS? How it is charged?

Answer

TDS Meaning :


TDS means TAX DEDUCTABULE AT SOURCE. It is charged on Base Amount. 


TDS is tax charged by the customer who gets the services from Vendor or supplier. Here Customer is responsible to charge it and pay to the government.


Different types of TDS : 


1) TDS on salary has to be deducted on salary paid to employee by employer if it crosses the tax limit. And pay to the government on or before due date.


2) In case of TDS on contractors or profession or others, there is slab that min tax, surcharge,  education cess plus higher education cess, it is different and finance minister may change or keep same or remove in every year budget. Secondly you can deduct the TDS on bill amount while paying or if advance is paid.

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Q:

Explain End to End AP Process?

Answer

Accounts payable has got noting to do with purchase of goods and services, it's work is to pay the eligable invoices.

End to End Process of AP
- Process the vendor invoices into system
- Work and resolve the discripencies of the invoices (if any)
- Make the payments to the invoices as per the agreement
- Resolve the issues ( if any  ) regarding the invoice payments

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Q:

How much time needs to pass for an A/R account to be considered delinquent?

Answer

After 90 days of the due date

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Q:

What is RDBMS? Explain its features.

Answer

RDBMS is a database management system based on relational model defined by E.F.Codd. Data is stored in the form of rows and columns. The relations among tables are also stored in the form of the table.

Features:
- Provides data to be stored in tables
- Persists data in the form of rows and columns
- Provides facility primary key, to uniquely identify the rows
- Creates indexes for quicker data retrieval
- Provides a virtual table creation in which sensitive data can be stored and simplified query can be applied.(views)
- Sharing a common column in two or more tables(primary key and foreign key)
- Provides multi user accessibility that can be controlled by individual users

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Subject: Oracle - Technology

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Q:

What is the difference between debenture and preference share ?

Answer

The difference between Debentures and Preferential Shares is as follows:

1) Person holding debentures has owed money to a company, while Preferential Shareholder could be considered as a partial owner of the company.

2) A Preference shareholder earns dividends if the company is making profits, however a debenture holder needs to be paid irrespective of making profits or losses.

3) A debenture holder would be paid the capital invested at the end of a stipulated term. A preference shareholder is not promised return of capital invested; instead he earns dividends till the time the company exists and is profitable.

4) A debenture holder earns interest on the capital invested till the capital is not returned, while a preference shareholder is paid dividends till the time the company exists.

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