ABB Accountant Interview Questions and Answers

NPV (Net Present Value) is a financial metric that calculates the difference between the present value of cash inflows and outflows. IRR (Internal Rate of Return) is the discount rate that makes the net present value of all cash flows from a particular project equal to zero.

• NPV helps in determining the profitability of an investment by comparing the present value of expected cash inflows with the present value of expec...read more

In Tally, F7 is used to create a Journal Voucher for recording financial transactions.

• F7 opens the Journal Voucher screen in Tally.

• Journal Vouchers are used for non-cash transactions, like adjusting entries.

• Example: Transferring funds between accounts or recording depreciation.

• You can enter debit and credit entries in the Journal Voucher.

• F7 is essential for accurate bookkeeping and financial reporting.

ABC costing is a method of cost accounting that identifies the activities that drive costs and assigns those costs to products or services.

• ABC costing stands for Activity-Based Costing

• It is used to allocate indirect costs to products or services based on the activities that drive those costs

• It helps in identifying the true cost of a product or service

• Example: A company that produces multiple products can use ABC costin...read more

Ultrasonic and Coriolis mass flowmeters are advanced devices for measuring fluid flow using sound waves and mass principles.

• Ultrasonic flowmeters use sound waves to measure the velocity of a fluid, which is then converted to flow rate.

• Coriolis mass flowmeters measure the mass flow and density of a fluid by detecting changes in vibration frequency.

• Ultrasonic flowmeters are non-intrusive and suitable for various applicat...read more