Foreign Exchange Rates refer to the

Correct Answer: Adjusted trial balance

Explanation:

Financial statements can be prepared from the Adjusted trial balance. A trial balance is a report containing list of all the general ledger accounts i.e, debits and credits contained in the ledger of a business. The types of trial balance include : Unadjusted trial balance, Adjusted trial balance and the Post- closing trial balance.

Correct Answer: notes receivable

Explanation:

Interest is usually associated with notes receivable.

Correct Answer: Tally Solutions

Explanation:

Tally package is developed by Tally Solutions. 

 

Tally Solutions, then known as Peutronics, was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat Goenka.

 

Correct Answer: 6 months

Explanation:

6 months after graduating or quitting school when you have to start paying back the loans.

 

A grace period is one term that?s provided for student loans that allow you to delay payments up to a certain length of time, without penalty. During a grace period no late charges would apply, and the loan would not risk falling into default for missed payments. The grace period allows you time to find financial stability prior to having to make payments on your student loans.

 

Many students use student loans to help pay for their college expenses, including tuition, books, room and board, and other living expenses. Students are expected to repay these loans when they graduate.

Correct Answer: 4 : 2 : 1

Explanation:

As per the provisions of Section 12 of the Banking Regulation Act, 1949, the minimum ratio should be 4:2:1.

Correct Answer: 1 Collection of attendance / collation of attendance 2 Scrutunizing the received attendance 3 Calculating the salary as per the attendance, based on LOP received 4 Once the Payroll Processing is over, the gross salary should be checked with Master Data of salary 5 Netpay has to request for bank transfers / cheque 6 Need to take care of statutories like PF / ESI / PT / Income Tax 7 While processing salary, statutory deductions like PF / ESIC / PT and income tax calculations tobe taken care 8 Arriving the salary structure for New Joiners 9 F&F tobe done for resigned employees 10 PF & ESI Nomination has to take care for the new joiners 11 PF Settlement / PF transfer has to take care for the resigned employees after 60days from the date of resignation

Correct Answer: An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer An invoice indicates the buyer must pay the seller, according to the payment terms In the rental industry, an invoice must include a specific reference to the duration of the time being billed, so rather than quantity, price and discount the invoicing amount is based on quantity, price, discount and duration Generally speaking each line of a rental invoice will refer to the actual hours, days, weeks, months etc being billed From the point of view of a seller, an invoice is a sales invoice From the point of view of a buyer, an invoice is a purchase invoice The document indicates the buyer and seller, but the term invoice indicates money is owed or owing In English, the context of the term invoice is usually used to clarify its meaning, such as "We sent them an invoice" (they owe us money) or "We received an invoice from them" (we owe them money)

Correct Answer: Liabilities are what all u owe from the bank on notes payable or in other words it is: Liability=Asset-Owners equity what company owes that is liability liability = Asset-capital

Correct Answer: The open items of an account can only be cleared once you post an identical offsetting amount to the account In other words, the balance of the items assigned to each other must equal zeroDuring clearing, the system enters a clearing document number and the clearing date in these items In this way, invoices in a vendor account are indicated as paid, and items in a bank clearing account are indicated as cleared You generally use the payment program to clear invoices Manual clearing of open items is therefore not usually necessary However, you will sometimes have to clear items manually if, for example, you receive a refund from your vendor or you have set up a direct debit procedure

Correct Answer: A key functional area of SAP for Utilities that supports cross-company exchange of settlement data based on international standards such as EDI, XML, and Microsoft Excel Intercompany data exchange manages data transfer between retailers, distributors, and independent service operators with special regard to the requirements in deregulated markets