Find Interview Questions for BOM

Right Answer:
VAT (Value Added Tax) is a consumption tax on the value added to goods and services. CST (Central Sales Tax) is levied on sales of goods between states in India. TDS (Tax Deducted at Source) is a tax collected at the source of income, applicable to various payments like salaries and interest. PF (Provident Fund) is a retirement savings scheme where both employer and employee contribute. PT (Professional Tax) is a tax on professions, trades, and employment. Income Tax is a tax on an individual's or entity's income. BRS (Bank Reconciliation Statement) is a document that matches the cash balance on a company's books to the corresponding amount on its bank statement. The heads of a balance sheet typically include Assets, Liabilities, and Equity.

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Open the refrigerator, put the elephant inside, and close the door.

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Lease transactions are accounted for by recognizing a right-of-use asset and a lease liability on the balance sheet. The right-of-use asset is initially measured at the present value of lease payments, and the lease liability is recorded at the same amount. Over the lease term, the asset is depreciated, and the liability is reduced as lease payments are made, with interest expense recognized on the liability.

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Owner's equity is the residual interest in the assets of a business after deducting liabilities. It can be calculated using the formula:

Owner's Equity = Total Assets – Total Liabilities.

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An audit program is a detailed plan that outlines the specific procedures and steps auditors will follow to evaluate the financial statements and internal controls of an organization. It includes objectives, scope, timing, and resources needed for the audit.

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Y’s share is Rs. 600.

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A perpetual inventory system is a method of tracking inventory levels in real-time, updating records continuously as sales and purchases occur. Its aims are to provide accurate inventory data, improve stock management, reduce discrepancies, and enhance decision-making regarding inventory control.

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In my previous role, I worked with a colleague who seemed stressed during a project meeting. I noticed they were quiet and avoided eye contact. After the meeting, I approached them and asked if they needed help with their workload. They opened up about feeling overwhelmed and needing support. I offered to assist with their tasks, which helped alleviate their stress and improved our collaboration.

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The train will take 90 seconds to cross the bridge.

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The volume of the cube is 64 cubic centimeters.

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Data normalization is the process of organizing data in a database to reduce redundancy and improve data integrity. It involves structuring the data into tables and defining relationships between them. Normalization is important because it helps eliminate duplicate data, ensures data consistency, and makes it easier to maintain and update the database.

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SQL (Structured Query Language) is used in data analysis to query, manipulate, and manage data stored in relational databases. It allows analysts to retrieve specific data, perform calculations, filter results, and aggregate information to derive insights from large datasets.

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Data analysis is the process of inspecting, cleaning, and modeling data to discover useful information, draw conclusions, and support decision-making. It is important because it helps organizations make informed decisions, identify trends, improve efficiency, and solve problems based on data-driven insights.

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Regression analysis is a statistical method used to examine the relationship between one dependent variable and one or more independent variables. It is used to predict outcomes, identify trends, and understand the strength of relationships in data.

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A pivot table is a data processing tool that summarizes and analyzes data in a spreadsheet, like Excel. You use it by selecting your data range, then inserting a pivot table, and dragging fields into rows, columns, values, and filters to organize and summarize the data as needed.

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Yes, banks face significant challenges from money laundering when attracting deposits. Money laundering can lead to reputational damage, regulatory penalties, and financial losses. Banks must implement strict compliance measures and due diligence processes to detect and prevent illicit activities, which can complicate their efforts to attract legitimate deposits.

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To depict dependency in MS Project, you can link tasks by selecting the tasks you want to connect, then clicking on the "Link Tasks" button in the toolbar or using the shortcut Ctrl + F2. This creates a finish-to-start dependency by default. You can also adjust the type of dependency (finish-to-start, start-to-start, finish-to-finish, or start-to-finish) by double-clicking on the task and modifying the "Predecessors" tab.

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MS Project is used for project management to plan, schedule, and track project progress, allocate resources, manage budgets, and analyze workloads.

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I am looking for new challenges and opportunities for growth that align more closely with my career goals.

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The fields used for Project Planning in MS Project include:

1. Task Name
2. Duration
3. Start Date
4. Finish Date
5. Predecessors
6. Resources
7. Percent Complete
8. Work
9. Cost
10. Milestones