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Ucd Interview Questions and Answers
Ques:- How can you see the debtors list
Asked In :- Beaverbrooks, Finacplus, ucd,
Right Answer:
You can see the debtors list by accessing the accounts receivable module in your accounting software or ERP system, where it typically displays all outstanding invoices and customer balances.
Ques:- Define deferred tax Liability? What items come under deferred tax liability?
Right Answer:
Deferred tax liability is a tax obligation that a company will pay in the future due to temporary differences between accounting income and taxable income. Items that come under deferred tax liability include:

1. Accelerated depreciation on fixed assets.
2. Revenue recognized for accounting purposes but not yet taxable (e.g., unearned revenue).
3. Investments in subsidiaries or joint ventures where income is deferred for tax purposes.
Ques:- Do you think Auditing job is very boring ?
Right Answer:
No, auditing is not boring; it involves critical thinking, problem-solving, and learning about different businesses and industries.
Ques:- What are control ledgers? What are the purposes of maintaining it?
Right Answer:
Control ledgers are accounting records that summarize transactions for specific accounts, such as accounts receivable or accounts payable. The purpose of maintaining control ledgers is to provide a detailed breakdown of individual transactions while ensuring that the total balances match the general ledger, facilitating accurate financial reporting and easier reconciliation.
Ques:- Capital goods excise duty why are taken in 50 percent in firt finicial year and second next finicial year?
Right Answer:
Capital goods excise duty is allowed to be claimed as a credit in two installments: 50% in the first financial year and the remaining 50% in the next financial year. This staggered approach helps businesses manage cash flow and ensures that the benefit of the credit is spread over two periods.
Ques:- Explain in brief about the Documentation – CFD, DFD, Functional Documentation.
Right Answer:
**CFD (Context Flow Diagram)**: A high-level diagram that shows the flow of information between external entities and the system, helping to define system boundaries and interactions.

**DFD (Data Flow Diagram)**: A visual representation that illustrates how data moves through a system, detailing processes, data stores, and data flows, typically used to analyze and design systems.

**Functional Documentation**: A comprehensive document that outlines the functionalities of a system, including requirements, use cases, and specifications, serving as a guide for development and testing.
Ques:- How to depict dependency in Ms Project?
Right Answer:
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.
Ques:- What are the fields used for Project Planning in Ms Project?
Right Answer:
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
Ques:- What is the difference between brd, srs and use of case documents?
Right Answer:
BRD (Business Requirements Document) outlines the high-level business needs and objectives. SRS (Software Requirements Specification) details the functional and non-functional requirements for the software. Use Case documents describe specific interactions between users and the system to achieve particular goals.
Ques:- What is regression analysis and when is it used
Right Answer:
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.
Ques:- What are the steps involved in data cleaning
Right Answer:
1. Remove duplicates
2. Handle missing values
3. Correct inconsistencies
4. Standardize formats
5. Filter out irrelevant data
6. Validate data accuracy
7. Normalize data if necessary
Ques:- What is the difference between supervised and unsupervised learning
Right Answer:
Supervised learning uses labeled data to train models, meaning the output is known, while unsupervised learning uses unlabeled data, where the model tries to find patterns or groupings without predefined outcomes.
Ques:- What is data normalization and why is it important
Right Answer:
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.
Ques:- How do you handle missing data in a dataset
Right Answer:
To handle missing data in a dataset, you can use the following methods:

1. **Remove Rows/Columns**: Delete rows or columns with missing values if they are not significant.
2. **Imputation**: Fill in missing values using techniques like mean, median, mode, or more advanced methods like KNN or regression.
3. **Flagging**: Create a new column to indicate missing values for analysis.
4. **Predictive Modeling**: Use algorithms to predict and fill in missing values based on other data.
5. **Leave as Is**: In some cases, you may choose to leave missing values if they are meaningful for analysis.
Ques:- What is meant by debit and credit note?
Right Answer:
A debit note is a document issued by a buyer to a seller, indicating a return of goods or a reduction in the amount owed. A credit note is issued by a seller to a buyer, acknowledging a return of goods or a reduction in the amount due, effectively reducing the buyer's debt.
Ques:- What is the GDP growth of India?
Right Answer:
As of my last update, India's GDP growth rate for the fiscal year 2022-2023 was approximately 7.2%. Please check the latest data for the most current figure.
Ques:- Why we hire you in our company?
Right Answer:
You should hire me because I have the skills and experience that match the job requirements, I am a quick learner, and I am committed to contributing positively to the team and the company's goals.
Comments
bandi rakesh Aug 14, 2022

as a student iam intrested in learning new things.as a fresher i learnt this subject theoretically and iam waiting for an oppurtunity to do them in practical way if you hire me then i will give my best to increase companies reputation

Ques:- Why do you want to change the current organization
Right Answer:
I want to change my current organization to seek new challenges, grow my skills, and find opportunities that align better with my career goals and values.
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