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  • Question
  • What does drop ship mean in Accounts ?


  • 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 

  • Tags: Bank Clerk, Bank PO

    Accounting and Finance problems


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    • 1. What is the difference between Consigner and Consignee ?
    • Discuss
    • 2. Which are the main MIS Reports of an accounts department & what the format of preparing the MIS ?
    • Discuss
    • 3. 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 ?
    • Discuss
    • 4. What is the Debit Balance recovery? How we can recover if we wont have any future transactions from supplier?
    • Discuss
    • 5. Which Bank has obtained RBI approval to open representative offices in Kuwait and Singapore?

    • Options
    • A. SBI
    • B. Federal Bank
    • C. HDFC
    • D. ICICI
    • Discuss
    • 6. Expand CAR, in Banking Terminology?

    • Options
    • A. Current Applicable Ratio
    • B. Capital Adequacy Ratio
    • C. Capital Available Request
    • D. Compiled Acquired Ratio
    • Discuss
    • 7. Bank Reconciliation Statement is prepared by
    • Discuss
    • 8. What does Earned Income Tax Credit (EITC) means ?
    • Discuss
    • 9. What is the minimum period of time for which one can open an FD(Fixed Deposit) account ?

    • Options
    • A. 15 days
    • B. 6 months
    • C. 7 days
    • D. 1 year
    • Discuss
    • 10. RBI controls the commercial banks through

    • Options
    • A. Calling for returns and other information
    • B. Periodic inspection of banks
    • C. Follow up action
    • D. All of the above
    • Discuss


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