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Albourne partners Interview Questions and Answers
Ques:- I'm collecting TDS Certificate from one of our Customer for Ass. Year 2002-03 today and request IT Dept. to allow this as part of rebate to me, will they allow?? What IT Act says on this.
Right Answer:
No, the IT Department will not allow the TDS certificate for the assessment year 2002-03 as part of a rebate today, as there is a time limit for claiming TDS credits, typically within the relevant assessment year. The Income Tax Act specifies that claims must be made within the prescribed time frame.
Ques:- How do i know wheather Tds deducated from Inv.or Not?
Right Answer:
You can check whether TDS was deducted from an invoice by reviewing the invoice itself for a TDS deduction mention, checking the payment details for TDS entries, or referring to the TDS certificate (Form 16A) issued by the deductor.
Ques:- Explain fixed assets and investments?
Right Answer:
Fixed assets are long-term tangible assets that a company uses in its operations to generate income, such as buildings, machinery, and equipment. Investments refer to financial assets that a company purchases with the expectation of generating a return, such as stocks, bonds, or real estate.
Ques:- What do you know about VAT?
Right Answer:
VAT, or Value Added Tax, is a consumption tax levied on the value added to goods and services at each stage of production or distribution. It is charged at each point of sale, and businesses can reclaim the VAT they pay on their purchases, making it ultimately a tax on the final consumer.
Ques:- Ent analysis or textual analysis is a methodology in the social sciences for studying the content of communication. Earl Babbie defines it as “the stu
Right Answer:
Content analysis is a research method used to systematically analyze communication content, such as texts, speeches, or media, to identify patterns, themes, and meanings.
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:- 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 are outliers and how do you handle them in data analysis
Right Answer:
Outliers are data points that significantly differ from the rest of the dataset. They can skew results and affect statistical analyses. To handle outliers, you can:

1. Identify them using methods like the IQR (Interquartile Range) or Z-scores.
2. Remove them if they are errors or irrelevant.
3. Transform them using techniques like log transformation.
4. Use robust statistical methods that are less affected by outliers.
5. Analyze them separately if they provide valuable insights.
Ques:- What is a hypothesis and how do you test it
Right Answer:
A hypothesis is a specific, testable prediction about the relationship between two or more variables. To test a hypothesis, you can use the following steps:

1. **Formulate the Hypothesis**: Clearly define the null hypothesis (no effect or relationship) and the alternative hypothesis (there is an effect or relationship).
2. **Collect Data**: Gather relevant data through experiments, surveys, or observational studies.
3. **Analyze Data**: Use statistical methods to analyze the data and determine if there is enough evidence to reject the null hypothesis.
4. **Draw Conclusions**: Based on the analysis, conclude whether the hypothesis is supported or not, and report the findings.
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 purpose of feature engineering in data analysis
Right Answer:
The purpose of feature engineering in data analysis is to create, modify, or select variables (features) that improve the performance of machine learning models by making the data more relevant and informative for the analysis.
Ques:- What is data analysis and why is it important
Right Answer:
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.
Ques:- The sum of the present ages of two persons A and B is 60. If the age of A is twice that of B, find the sum of their ages 5 years hence?
Right Answer:
The sum of their ages 5 years hence will be 70.
Comments
OLUCHI Perpetual Ndimkaoha Sep 22, 2022

24

Ques:- A can run a kilometer race in 4 1/2 min while B can run same race in 5 min. How many meters start can A give B in a kilometer race, so that the race mat end in a dead heat?
Right Answer:
A can give B a start of 100 meters.
Comments
Abhi Chatterjee Jan 8, 2022

A can give B (5 min – 4 1/2 min) = 30 sec start.
The distance covered by B in 5 min = 1000 m.
Distance covered in 30 sec = (1000 * 30)/300 = 100 m.
A can give B 100m start.

Ques:- A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
Right Answer:
Rs. 2450
Comments
bruce May 6, 2021

I think -

1750 / 7 Years = 250
250 * 2% = 5
5 * 7 Years = 35

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