Interview Questions

Generally Accepted Accounting Principles (GAAP) are basic accounting principles and guidelines are concepts that govern the field of accounting.

Accounting principles and guidelines include :

* Business Entity Assumption

* Accounting Period

* Historical Cost Concept

* Full Disclosure Principle

* Cost Principle

* Matching Principle

* Materiality

* Monetary Unit Assumption.

With static IP addressing, a computer (or other device) is configured to always use the same IP address. With dynamic addressing, the IP address can change periodically and is managed by a centralized network service

A HTML form should be build before uploading the file. The following HTML code is used for selecting the file that is to be uploaded. The type attribute of input must be “file”.

<form enctype="multipart/form-data" action="uploader.php" method="POST">

<input type="hidden" name="MAX_FILE_SIZE" value="100000" />

Choose a file to upload: <input name="uploadedfile" type="file" /><br />

<input type="submit" value="Upload File" />

</form>

At the time of executing uploader.php, the uploaded file will be stored in a temporary storage are on the webserver. An associative array $_FILES['uploadedfile']['name'] is used for uploading. The ‘name’ is the original file that is to be uploaded. Another associative array $_FILES['uploadedfile']['tmp_name'] is used for placing the uploaded file in a temporary location on the server and the file should be empty and should exist with the tmp_name.

The following code snippet is used for uploading the file.

$target_path = "uploads/"; // the target location of the file

$target_path = $target_path . basename( $_FILES['uploadedfile']['name']);

if(move_uploaded_file($_FILES['uploadedfile']['tmp_name'], $target_path)) 

{

       echo "The file ". basename( $_FILES['uploadedfile']['name']). 

        " has been uploaded";

}

else

{

      echo “There was an error while uploading the file”;

}

The function move_uploaded_file()is used to place the source file into the destination folder, which resides on the server.

If the uploading is successful, the message “The file filename has been uploaded. Otherwise the error message “There was an error while uploading the file” would be displayed.

 Accounts receivables help small businesses by providing quick-time period liquidity. Additionally continued sales on credit provide the  much-needed continuity for small companies.

Other things the same, when the interest rate rises people would want to lend more, making the quantity of loanable funds supplied increase.

Hedging is a tool to minimize the risks. It is thus like an 'insurance' where one pays a premium but gets an assured amount in case of some uncertain event to the extent of the loss actually suffered on an equally opposite position for which the hedge was done. Thus, hedger is different from arbitrageur and speculators, as the intention here is not to maximize the profit but to minimize the loss.

E.g. In Capital Markets, suppose an investor has an equity portfolio of Rs. 2 lacs and the portfolio consists of all the major stocks of NIFTY. He thinks the market will improve in the long run but might go on a downside in the shortrun. NIFTY today stands at 4300. To minimize the risk of downfall, he enters into an option contract by buying NIFTY-PUT of strike 4300 at a premium of, say, Rs. 100. Thus, the actual amount paid is Rs. 5,000(lot size of NIFTY is 50). Also, the number of NIFTY-PUTs to be bought will vary on the beta of the portfolio so as to completely hedge the positon. 

Classless Inter-Domain Routing 

Retain -Specifies that retain should be invoked on the object upon assignment. takes ownership of an object

Assign - Specifies that the setter uses simple assignment. Uses on attribute of scalar type like float,int.