What is the difference between billable and non-billable expenses?

Correct Answer: Banking

Correct Answer: In accounting, the Three-way Match refers to a procedure used when processing an invoice received from a vendor or supplier The three-way match is an important step in safeguarding an organization's assets The purpose of the three-way match is to avoid paying incorrect and perhaps fraudulent invoices Here Three-way refers to the three documents involved : * Vendor's invoice which was received and will become part of an organization's accounts payable if approved * Purchase order that was prepared by the organization * Receiving report that was prepared by the organization And Match refers to the comparison of the quantities, price per unit, terms, etc appearing on the vendor's invoice to the information on the purchase order and to the quantities actually received After the vendor's invoice has been validated by the three-way match, it can be further processed for payment

Correct Answer: You can use document parking to enter and store (park) incomplete documents in the SAP System without carrying out extensive entry checks

Correct Answer: The difference between Debentures and Preferential Shares is as follows: 1) Person holding debentures has owed money to a company, while Preferential Shareholder could be considered as a partial owner of the company 2) A Preference shareholder earns dividends if the company is making profits, however a debenture holder needs to be paid irrespective of making profits or losses 3) A debenture holder would be paid the capital invested at the end of a stipulated term A preference shareholder is not promised return of capital invested; instead he earns dividends till the time the company exists and is profitable 4) A debenture holder earns interest on the capital invested till the capital is not returned, while a preference shareholder is paid dividends till the time the company exists

Correct Answer: To reduce the government share in the public sector

Explanation:

Disinvestment is the action of an organization or government selling or liquidating an asset or subsidiary.

Correct Answer: identify an etical situation and ethical issues involved

Correct Answer: Share Market

Correct Answer: Federal Bank

Explanation:

Federal Bank has obtained RBI approval to open representative offices at Kuwait and Singapore.

The bank has been the preferred banker for NRI's and the NRI friendly measures have resulted in increasing inflow of foreign remittances.

The bank already has its representative offices in Abu Dhabi and Dubai and it has tied up with 110+ overseas banks/remittance partners.

Correct Answer: The Debit balance recovery is usually made by raising a credit memo for the regular vendors However if there are no future transactions from the supplier, we ask the vendor to send the check / make an EFT for the amount due from him When payment is made to the wrong vendor or payment made in excess, in that case overpayment has gone to the vendor, So for us it is vendor debit balance For debit balance recovery, we can either follow-up with the vendor to send us the excess amount / refund back, or we can adjust that extra amount in future invoices submitted by that vendor In Case no future transactions, we have to follow-up with the vendor, falling whicch we have to write off this amount

Correct Answer: There are broadly 2 Type of accounts 1 Personnel Accounts 2 Impersonnel Accounts Personnel Accounts is an account maintained to record transactions with persons Based on the classification of the persons personnel account can be of 1 Natural Personnel Account (Mr Ram, Mr Robert, MrRahim) 2 Artificial Person (all entities like companies, banks, municipal corporations, all statutory or non statutory bodies) 3 Representative Person: Representing group transactions for group of persons like Salary Payable Account Taxes payable account Where as Impersonnel Account shall be of Two types A Real Account BNominal Account Real Accounts are accounts to record transactions relating to Assets Like Cash, Plant & Machinery etc, These type of accounts are permanent accounts Nominal Accounts are the accounts used to record the transactions relating to Income and Expenses Like Salary, Power, Sales etc, At the end of the year all the nominal accounts are closed by transferring to Profit and loss account or Income and Expenditure account The net differnce shall be carried forwarded to Balance Sheet