Interview Questions

Q:

In recording an accounting transaction in a double-entry system

A) there must always be entries made on both sides of the accounting equation. B) the amount of the debits must equal the amount of the credits.
C) there must only be two accounts affected by any transaction. D) the number of debit accounts must equal the number of credit accounts.
 
Answer & Explanation Answer: B) the amount of the debits must equal the amount of the credits.

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

0 2164
Q:

What are the general deductions made while doing payroll for an employee in an organization?

Answer

Professional Tax


ESI


PF


Recoveries


Advances if any

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0 2163
Q:

What are pass by reference and passby value ?

Answer

Pass By Reference means the passing the address itself rather than passing the value. Passby Value means passing a copy of the value to be passed.

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Subject: Java

0 2162
Q:

What is local class?

Answer

Local class is class defined inside method


EX;


class A { // top level class


  public static void main(string[] args) {


   class B { // local class


   }


}


}

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Subject: Java

0 2160
Q:

Explain how to create users through SQL PLUS.

Answer

We need to first login to the data base as: SQLPLUS followed by user_name/password. Then we need to execute the following query:


CREATE USER user_name IDENTIFIED BY abcd; in this query a user_name suggest the user that is created which has a password abcd which is required for login in database.

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Subject: Oracle

0 2160
Q:

Transfer payments are included in

A) Government subsidies B) GDP
C) Both A & B D) None of the above
 
Answer & Explanation Answer: A) Government subsidies

Explanation:

Transfer payments are included in GDP and not in GDP.

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Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

1 2159
Q:

Are you comfortable offering our charge account to customers?

Answer

A candidate should not be shy here. Someone who tells you that they are uncomfortable when being solicited for proprietary charges by other retailers will not be successful in your organization. If that is something that you as a candidate struggle with, make sure that you portray your desire to succeed. Tell the employer that it is something that you are gaining skills on, and would love the opportunity to perfect your script.

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Subject: Retail

0 2158
Q:

Cheque deposited but not cleared means

Answer

A Bank Reconciliation Statement is a statement prepared periodically by a customer to explain the divergence (difference) between the bank balance as per cash book and the bank balance as per Pass Book. It clearly shows the two differing balances and the outstanding items which causes the balances to disagree.


The objective of preparing such a statement is to know the causes of differences between the two balances and pass necessary correcting or adjusting entries in the books of the firm. But it is to be noted that some differences are automatically adjusted. For example - A cheque that has been sent for collection, but not yet collected, causes a difference between the balance as shown by the pass book and the balance as shown by the cash book, but no adjusting entry is required in the cash book for such a difference because, the bank will credit the firm’s account as soon as the cheque is collected.

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

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