Interview Questions

Q:

Bad debt expense is reported on the income statement as

Answer

Bad debts expense often refers to the loss that a company experiences because it sold goods or provided services and did not require immediate payment. The loss occurs when the customer does not pay the amount owed. In other words, bad debts expense is related to a company's current asset accounts receivable.


 


You have already recorded the Rs. 100 in your accounts receivable, and you need to eliminate that amount. As you use double-entry accounting, you must record a Rs. 100 credit to your accounts receivable and a Rs. 100 debit to your allowance for doubtful accounts or your bad debts expense column.

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

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Q:

What is Innovation?

Answer

Innovation is the application of creativity to give rise to a new concept, product, service or process delivering something new and better to the world.


When we innovate, we work with the creative ideas we have developed and put them into practice. Innovation is NOT just about making new gadgets and fancy widgets. We can be innovative in New Product Design, but in many other ways too. New concepts, like how to lead and motivate people at work, as well as new services and processes.

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Q:

what is ratio

Answer ratio means how much part of one thing with respect of other thing.
like if we have 12 pens & 6 boys are there then the ratio is 2:1
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Q:

What are the Softwares which can be useful in manufacturing unit?

Answer



In manufacturing group, software that can be useful for Material Management and Manufacturing ERP. Some of the organizations that provide the manufacturing software solution are Oracle ERP system, sap etc.


 

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Subject: Manufacturing

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Q:

Describe what redo logs are.

Answer

Redo logs are logical and physical structures that are designed to hold all the changes made to a database and are intended to aid in the recovery of a database.

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Q:

What major challenges and problems did you face? How did you handle them?

Answer

As a manager, the tough decisions I make involve layoffs. Before making those hard decisions, I always think particularly about what is best for my employees and the business. While I do not relish making those kinds of decisions, I do not shy away from this part of my job. Two years ago, I had to let some employees go due to the monetary climate. This was a tough decision that was ultimately necessary for the good of the organization and everyone working for the company.

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Subject: Communication

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Q:

Which of these phrases best describes the business cycle?

A) The process of creating policy for businesses, beginning with agenda setting and ending with evaluating the policy's effect on the business's bottom line B) A recurring cycle of booms and busts, recoveries and recessions
C) A system of managing the economy by increasing or decreasing the supply of money D) A system of managing the economy by increasing or decreasing federal expenditures
 
Answer & Explanation Answer: B) A recurring cycle of booms and busts, recoveries and recessions

Explanation:
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Filed Under: Business Analyst
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Which of the following is NOT true about enterprise systems?

A) The software is expressly built to allow companies to mimic their unique business practices B) The software includes analytical tools to evaluate overall organization performance
C) They help firms respond rapidly to customer requests for info or products D) The data have standardized definitions and formats that are accepted by the entire organization
 
Answer & Explanation Answer: A) The software is expressly built to allow companies to mimic their unique business practices

Explanation:

Enterprise systems (ES) are large-scale application software packages that support business processes, information flows, reporting, and data analytics in complex organizations.

 

Here option A) The software is expressly built to allow companies to mimic their unique business practices is not TRUE about enterprise systems.

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Filed Under: Business Analyst
Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , IT Trainer

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