Interview Questions

Q:

What is STPI ? why STPI knowledge required in Accounts Payable?

Answer

Software Technology Parks of India (STPI).Some of the software service providers will get exemption from STPI for their software exports. In accounts payable may be we need to define the vendor STPI location wise.


In India we have different STPI location. If one vendor supplying services or materials to all OR some of the STPI locations we need to maintain the same vendor STPI wise.  

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6 7361
Q:

How many types of modularization are there in c++?

A) 4 B) 3
C) 1 D) none of these
 
Answer & Explanation Answer: D) none of these

Explanation:

There are two types of modular programming.They are interface and implementation.

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Filed Under: C++ - Technology

3 7346
Q:

Difference between %TYPE and %ROWTYPE.

Answer

%type is used to declare a field of a table while %rowtype is used to declare a record with the same type as specified in that table, view or cursor.


Example of %type:


DECLARE


         v_EmployeeName emp.ename%TYPE


 


Example of %rowtype


DECLARE


          v_empployee emp%ROWTYPE;

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Subject: Oracle - Technology

6 7199
Q:

In tree construction which is the suitable efficient data structure?

A) Array B) Linked list
C) Stack D) Queue
 
Answer & Explanation Answer: B) Linked list

Explanation:

Linked list is the efficient datastructure in tree construction

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Filed Under: C++ - Technology

0 7105
Q:

What is the Standard Template Library?

Answer

A library of container templates approved by the ANSI committee for inclusion in the standard C++ specification. A programmer who then launches into a discussion of the generic programming model, iterators, allocators, algorithms, and such, has a higher than average understanding of the new technology that STL brings to C++ programming

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Subject: C++ - Technology
Job Role: Software Architect

0 6999
Q:

The total sum of the goods and services produced in a country in a year, minus depreciation is called as ________.

A) Net Domestic Product B) Gross National Income
C) Gross Domestic Product D) Net National Product
 
Answer & Explanation Answer: A) Net Domestic Product

Explanation:

Gross Domestic Product : 

It is the total value of all final goods and services produced within the boundary of country during the given period of time. 

Gross National Product :

It is the total value of the total output or production of final goods and services produced by the nationals of a country during a given period of time. 

Gross National Income : 

It is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP) plus factor incomes earned by foreign residents, minus income earned in the domestic economy by non-residents.

Net National Product :

The total value of goods produced and services provided in a country during one year, after depreciation of capital goods has been allowed for.

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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

16 6970
Q:

What is another name for a real account in accounting? is it a permanent or a temporary account? Also, what is another name for a nominal account? is it a permanent or a temporary account ?

Answer

There are broadly  2 Type of accounts


1. Personnel Accounts


2. Impersonnel Accounts.


 


Personnel Accounts is an account maintained to record transactions with persons. Based on the classification of the persons personnel account can be of


1. Natural Personnel Account (Mr. Ram, Mr. Robert, Mr.Rahim)


2. Artificial Person (all entities like companies, banks, municipal corporations, all statutory or non statutory bodies)


3. Representative Person: Representing group transactions for group of persons like Salary Payable Account. Taxes payable account.


 


Where as Impersonnel Account shall be of Two types.


A. Real Account      B.Nominal Account.


Real Accounts are accounts to record transactions relating to Assets. Like Cash, Plant & Machinery etc., These type of accounts are permanent accounts.


Nominal Accounts are the accounts used to record the transactions relating to Income and Expenses. Like Salary, Power, Sales etc., At the end of the year all the nominal accounts are closed by transferring to Profit and loss account or Income and Expenditure account. The net differnce shall be carried forwarded to Balance Sheet.

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3 6886
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.


When payment is made to the wrong vendor or payment made in excess, in that case overpayment has gone to the vendor, So for us it is vendor debit balance.


For debit balance recovery, we can either follow-up with the vendor to send us the excess amount / refund back, or we can adjust that extra amount in future invoices submitted by that vendor


In Case no future transactions, we have to follow-up with the vendor, falling whicch we have to write off this amount.

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2 6681