What is the journal entry process from the time of generating an invoice to receiving payment?

Correct Answer: Employee Travel and Expense Report (ETER ) / Direct Pay / Unencumbered Goods and Services - The ETER is examined for compliance with Travel policy by the accounting clerk prior to submission to Accounts payable - Accounts Payable enters ETER Information into Banner as a Direct pay, generates a Banner invoice number, and records invoice information - Reimbursement checks for ETERs will be processed within five business days after a completed and correct ETER is received by Accounts payable and scheduled for payment in the payment cycle following - ETERs should be submitted within 60 calendar days of incurring the expenses TEARs submitted for expenses older than two months will not be processed nor reimbursed

Correct Answer: This question illustrates whether the applicant has experience changing employee income tax withholding amounts The applicant should be able to describe the necessary forms to use and the process for changing the information in the payroll system

Correct Answer: Mumbai

Explanation:

State Bank of India (SBI) is the largest public sector banks in India. It was the first bank established in India as Bank of Calcutta in 1806 and then Imperial Bank of India and then it became State Bank of India on 1st July 1955. The Headquarters of State Bank of India is in Mumbai, Maharashtra.

Correct Answer: Standard Chartered Bank

Explanation:

Standard Chartered Bank 
Standard Chartered Bank have been operating in India since 1858.

Correct Answer: Payday loans

Explanation:

Both Credit cards and Payday loans payment methods typically charges the highest interest rates. When compared Payday loans seems to charge a little bit higher interest rates than Credit Cards interest rates.

Correct Answer: Capital expenditures are capitalized because of the timing of their estimated benefits ? the lemonade stand will benefit the firm for many years The employees? work, on the other hand, benefits the period in which the wages are generated only and should be expensed then This is what differentiates an asset from an expense

Correct Answer: Double column cash book is prepared

Explanation:

Contra-entry is the entry which effected the both sides in cash book.

It is occured in three times, i.e.,

1.Cash deposited in to bank,

2.Cash withdrawn from the bank for office use, and

3.Receivable cheque deposited in to the bank in another day.

Correct Answer: all a, b and c

Correct Answer: FALSE

Correct Answer: Accounts Payable is a short term liability of an organization It's a process by which a company buys goods and services on credit and is billed in the form of an invoice, which states the terms and conditions of the payment Accounts Payable is recorded as a current liability in the balance sheet All accounts paayble entries are to be coded under the right G/L accounts to have an accurate picture of the company's short term liability