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Home Interview Accounting and Finance Comments

  • Question
  • What is the difference between cheque and Demand Draft?


  • Correct Answer
  • A cheque is basically issued by an individual but a draft is issued by a bank In a demand draft you have to pay before issuing while a check is withdrawn from the account 


  • Accounting and Finance problems


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    • 1. 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
    • 2. What are the Golden Rules Of Accounting ?
    • Discuss
    • 3. Is it possible for a company to show positive cash flows but be in grave trouble ?
    • Discuss
    • 4. Explain How is a journal entry recorded?
    • Discuss
    • 5. What is Evaluated Receipt Settlement?
    • Discuss
    • 6. What have you learned from your studies that can be applied to a career in investment banking?
    • Discuss
    • 7. What is CRR rate?
    • Discuss
    • 8. What is ?Bill Discount? ?
    • Discuss
    • 9. Most modern Banking Systems are based on

    • Options
    • A. commodity money
    • B. 100 percent reserves
    • C. fractional reserves
    • D. money of intrinsic value
    • Discuss
    • 10. Define Budgetary Control ?
    • Discuss


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