What is another name for a real account in accounting? is it a permanent or a temporary account? Also, what is another name for a nominal account? is it a permanent or a temporary account ?

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: 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: Share Market

Correct Answer: identify an etical situation and ethical issues involved

Correct Answer: The terms Billable and Non-Billable expenses are normally associated with say a consultancy company where they bill consultants out to their clients Therefore Billable expenses will be paid by the client whereas Non-billable will be paid by your employer What's included in both is subject to the contract your company has with their client

Correct Answer: MIS report is known as Management Information System regarding the Manpower status of a particular month, place and overall It helps the Management in decision making like what are the reasons of resignation in which area attrition is high and so many things to help in decision making with the help of MIS you may prepare a lot of reports Like annual attrition region wise attrition region wise manpower graphical representation of regions manpower status and so on You may prepare the same at your endAs it will help you to prepare other such formats too I am describing you the contents with sheet wise First Sheet - Details of employee a ECode b Name of employee c Date of birth d Designation e CTC f Address for communication gPermanent address h Contact number i Blood group j Maximum qualification k Extra qualification lTotal Experience Second Sheet- Salary structure In this sheet write down the complete salary structure and make a column what is salary after any revision Third Sheet - New Joinees In this sheet write down the name of New joinees of that month with detail like CTC, Designation, DOB etc Forth Sheet - Resigned employees In this sheet write the name of employees who resigned during that particular month with details like name, designation, date of joining, Date of resignation, last working day Fifth sheet - Attrition rate Based on this MIS report, you may find out the attrition report, Qualification analysis reports, team management reports and so on can prepare a number of reports

Correct Answer: Consigner is the person who is the owner of the goods and who delivers the goods to others(consignee) Whereas Consignee is the person who receives the goods and just holds the goods and will not be the owner

Correct Answer: Drop Ship refers to, a manufacturer shipping goods directly to one of its customers' customer (instead of delivering the goods to the customer that placed the order with the manufacturer) This concept of shipping goods is called as drop ship, drop shipping or a drop shipment

Correct Answer: Capital Adequacy Ratio

Explanation:

Capital Adequacy Ratio (CAR) is also known as Capital to Risk (Weighted) Assets Ratio (CRAR), is the ratio of a bank's capital to its risk.

 

1. The capital adequacy ratio (CAR) is a measure of a bank's capital.

2. It is used to protect depositors and promote the stability and efficiency of financial systems around the world.

3. National regulators track a bank's CAR to ensure that it can absorb a reasonable amount of loss and complies with statutory Capital requirements.

Correct Answer: The Accountant typically prepares the Bank Reconciliation Statement using all transactions Bank Reconciliation Statement : Bank reconciliation is a process which prepares a statement accounting for the difference between the cash balance in the cash account of a company and the cash balance according to its bank statement This statement can help a company to verify that its bank account ending balance per the bank matches the balance on hand per the company's general ledger