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Home Interview Accounting and Finance Comments

  • Question
  • What is Evaluated Receipt Settlement?


  • Correct Answer
  • ERS is a business process between trading partners that conduct commerce without invoices In an ERS transaction the supplier ships goods based upon an Advance Shipping Notice (ASN) and the purchaser upon receipt confirms the existence of a corresponding purchase order or contract verifies the identity and quantity of the goods and then pays the supplier 


  • Accounting and Finance problems


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    • 1. Accounts that normally have debit balances are

    • Options
    • A. Assets,Expenses,and Common stock
    • B. Assets,Dividends,and Expenses
    • C. Assets,Expenses,and Revenues
    • D. All of the above
    • Discuss
    • 2. What is the main function of international monetary fund ?

    • Options
    • A. Help to solve Balance of Payment problems of member countries
    • B. Act as private sector lending arm of the World Bank
    • C. Finance investment loans to developing countries
    • D. Arrange international deposits from banks
    • Discuss
    • 3. What is the difference between EFT & Wire?
    • Discuss
    • 4. Why does a company/business require an Accounts payables process?
    • Discuss
    • 5. What is diffrence between automatic Payments Batches and automatic payments?
    • Discuss
    • 6. Explain How is a journal entry recorded?
    • Discuss
    • 7. Is it possible for a company to show positive cash flows but be in grave trouble ?
    • Discuss
    • 8. What are the Golden Rules Of Accounting ?
    • Discuss
    • 9. The journal entry to record a credit sale is

    • Options
    • A. Accounts Receivable
    • B. Accounts Payable
    • C. Both A & B
    • D. None of the above
    • Discuss
    • 10. What is the difference between cheque and Demand Draft?
    • Discuss


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