Find Interview Questions for D&v philippines

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Form 26AS is a tax credit statement issued by the Income Tax Department of India. It contains details of tax deducted at source (TDS), tax collected at source (TCS), and advance tax payments made by a taxpayer. It helps individuals verify their tax payments and ensure that the income reported in their income tax returns matches the information available with the tax authorities.

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Income Statement.

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The most important goals of accounts receivable are to ensure timely collection of payments, maintain accurate records of customer transactions, minimize bad debts, manage cash flow effectively, and strengthen customer relationships.

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Policy lapse refers to the termination of an insurance policy due to non-payment of premiums, resulting in the loss of coverage.

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Accounts Payable refers to the money a company owes to its suppliers or vendors for goods and services received but not yet paid for. It is a liability on the balance sheet and involves managing invoices, processing payments, and ensuring timely settlement to maintain good supplier relationships.

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Planning is the process of setting goals and determining the actions needed to achieve those goals in a systematic way.

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Web services in banking applications can be called using APIs (Application Programming Interfaces) that allow different systems to communicate over the internet. They are used for various functions such as processing transactions, retrieving account information, integrating with third-party services, and enabling mobile banking features.

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Tally is an accounting software that helps businesses manage their financial transactions, inventory, and compliance with tax regulations. It is known for its user-friendly interface and features like invoicing, payroll, and reporting. Other accounting software options include QuickBooks, Zoho Books, and Sage, each offering various functionalities tailored to different business needs.

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I have worked with Tally ERP, QuickBooks, and SAP.

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Yes, Tally is an accounting software used for financial management, including bookkeeping, inventory management, and tax compliance.

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Accounts receivable refers to the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

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The total flow of Accounts Receivable involves the following steps:

1. **Sales Order Creation**: A customer places an order.
2. **Invoicing**: An invoice is generated and sent to the customer.
3. **Recording the Invoice**: The invoice is recorded in the accounting system.
4. **Payment Terms**: The customer is informed of payment terms (due date, discounts, etc.).
5. **Payment Receipt**: The customer makes a payment.
6. **Payment Application**: The payment is applied to the customer's account.
7. **Reconciliation**: Accounts are reconciled to ensure accuracy.
8. **Follow-Up**: If payment is not received, follow-up actions are taken (reminders, collections).
9. **Reporting**: Accounts Receivable aging reports are generated for analysis.

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The deposit transaction increases the customer's balance as a liability, and the receipt confirms the payment received, reducing the outstanding amount owed by the customer.

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Assets should be capitalized if they provide future economic benefits and have a useful life of more than one year, such as property, equipment, and machinery. Expenses should be recorded when they are incurred for items that do not provide long-term benefits, like office supplies or repairs.

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Examples of deferred revenue expenditure include prepaid insurance, prepaid rent, and advertising expenses paid in advance.

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I keep my skills up to date by regularly attending workshops and webinars, following industry news and trends, taking online courses, and participating in professional networks and forums.

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I approach new technologies by first researching and understanding the basics through documentation and tutorials. I then practice using the tools in small projects or exercises to gain hands-on experience. Additionally, I seek help from colleagues or online communities when needed, and I stay adaptable by being open to learning and adjusting my approach as I gain more knowledge.

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To ensure I can pivot quickly when necessary, I take the following steps:

1. Stay informed about industry trends and changes.
2. Maintain flexibility in my plans and strategies.
3. Foster open communication with my team to share insights and feedback.
4. Regularly assess and review project progress and outcomes.
5. Develop a mindset that embraces change and encourages innovation.

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In my previous job, our team had to switch to a new project management tool with little notice. I quickly learned the new software by attending training sessions and exploring its features. I also helped my teammates by sharing tips and creating a guide, which helped us transition smoothly and maintain our productivity.

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I approach adapting to new company cultures by observing and understanding the values and norms of the organization. I actively listen to my colleagues, ask questions, and seek feedback to align my work style with the team. When working with diverse teams, I embrace different perspectives, promote open communication, and foster an inclusive environment to ensure everyone feels valued and heard.