Expand CAR, in Banking Terminology?

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: 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: 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: 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

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: 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

Correct Answer: The United States Federal Earned Income Tax Credit (EITC) is a refundable tax credit, that helps low and medium - income individuals and couples, primarily for those who have qualifying children

Correct Answer: 7 days

Correct Answer: All of the above

Correct Answer: Non-Performing Assets