Interview Questions

Q:

Why do capital expenditures increase assets (PP&E), while other cash outflows, like paying salary, taxes, etc., do not create any asset, and instead instantly create an expense on the income statement that reduces equity via retained earnings ?

Answer

Capital expenditures are capitalized because of the timing of their estimated benefits – the lemonade stand will benefit the firm for many years. The employees’ work, on the other hand, benefits the period in which the wages are generated only and should be expensed then. This is what differentiates an asset from an expense.


 

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

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Q:

What is SQL Server Agent?

Answer

SQL Server agent plays an important role in the day-to-day tasks of a database administrator (DBA). Its purpose is to ease the implementation of tasks for the DBA, with its full- function scheduling engine, which allows you to schedule your own jobs and scripts.

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Subject: SQL

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Q:

Oracle SQL developer is an

Answer

Oracle SQL developer is an Oracle Database IDE.

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Q:

What is the difference between real money & nominal money?

Answer

Nominal money relates more to it's measure of counting - so nominal figure of what is written on bill, while "real" relates more to it's purchasing power (usually between some periods of time). For instance 100 units in nominal could buy 2 units of good in 1950 and 1 unit of good in 2005, at the same time real value of this 100 nominal units are 100 real units in 1950 and 50 real units in 2005.


Same is with GDP. In nominal it can rise due to inflation while it can stay the same or even decrease in real value.

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Subject: Finance

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Q:

Are javascript and jQuery different?

Answer

jQuery is a quick as well as concise JavaScript Library that simplifies HTML document traversing, animating, event handling, & Ajax interactions for the purpose of quick web development needs. So although they are not entirely different, both are not the same either!

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Subject: Web Technology

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Q:

How is a journal entry recorded?

Answer

A journal entry is recorded accourding to the rules of debit and credit.for example goods sold for Rs 50000 for cash ----to record this -- identify the accounts involved-- i.e.goods A/cand Cash A/cgoods is a real account and cash is also a real accountdebit and credit rule for Real accounts is DEBIT WHAT COMES IN CREDIT WHAT GOES OUT according to this--cash is coming to the organisation and goods is leaving from the organisation--Entry for this is Cash A/c Dr. 50000 to Goods A/c or Sales A/c 50000 ( For Cash Sales )

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Q:

What is the difference between an unspecified passive open and a fully specified passive open?

Answer

An unspecified passive open has the server waiting for a connection request from a client. A fully specified passive


open has the server waiting for a connection from a specific client.

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Q:

What is commercial Bank ?

Answer

A commercial bank is a type of bank that provides services such as accepting deposits, making business loans, and offering basic investment products.


Commercial bank can also refer to a bank or a division of a bank that mostly deals with deposits and loans from corporations or large businesses, as opposed to individual members of the public.

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Subject: Bank Interview

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