Interview Questions

Q:

When an account becomes uncollectible and must be written off

A) Accounts Receivable should be credited B) Sales Revenue should be debited
C) Allowance for Doubtful Accounts should be credited D) Bad Debt Expense should be credited
 
Answer & Explanation Answer: A) Accounts Receivable should be credited

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

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Q:

What is the proper way of setting up an Android-powered device for app development?

Answer

The following are steps to be followed prior to actual application development in an Android-powered device:


- Declare your application as “debuggable” in your Android Manifest.


- Turn on “USB Debugging” on your device.


- Set up your system to detect your device.


 

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Q:

what is the internal rate of return(IRR) of eurekaforbes?

Answer

Internal Rate of Return is that rate of Return at which the net present value is equal to Zero or it is the Rate which equates the present value of the cash inflows to the cash outflows.


NPV = Cash Inflow - Cash outflow


NPV = Zero


 

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Subject: Finance

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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.

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Subject: Accounts Payable

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Q:

What do you think you will be doing during your first year in investment banking?

Answer

Much of your answer to this question will depend on your role – so do some careful research into your chosen department. In M&A, you might spend much of your time on financial models related to the deals you’re working on, while in a trading role you might start out by assisting more senior members of the team before being given the chance to manage a trading book yourself. Beyond that, it’s important to show that you’ll be keen to take on responsibilities, but that you also recognise that your first year is about learning the ropes, usually means include following instructions from others and completing some mundane tasks.

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Subject: Bank Interview

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Q:

Which among the following validators validates controls if controls contain data?

A) CompareValidator B) RangeValidator
C) RequiredFieldValidator D) None
 
Answer & Explanation Answer: C) RequiredFieldValidator

Explanation:

RequiredFieldValidator is used to validate the controls if they contain data

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Filed Under: .NET
Job Role: Software Architect

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Q:

What Is Requirement Traceability Matrix ?

Answer

Requirements tracing, a process of documenting the links between the requirements and the work products developed to implement and verify those requirements. Requirement Traceability Matrix (RTM) is a document which records the mapping between the high-level requirements and the test cases in the form of a table. The RTM captures all requirements and their traceability in a single document delivered at the conclusion of the life cycle. 


That’s how it ensures that the Test Plan covers all the requirements and links to their latest version.

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Subject: QA Testing

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Q:

What is a junction record in IDMS?

Answer

A junction record is a member record type that allows for many-to-many relationship between its two owner records.

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