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Home Interview Accounting and Finance Comments

  • Question
  • What is meant by liabilities ?


  • 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 


  • Accounting and Finance problems


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    • 1. What is the meaning of invoice?
    • Discuss
    • 2. what is the job description of a payroll officer?
    • Discuss
    • 3. Foreign Exchange Rates refer to the
    • Discuss
    • 4. Financial statements are prepared from which trial balance?

    • Options
    • A. Unadjusted trial balance
    • B. Adjusted trial balance
    • C. Post- closing trial balance
    • D. None of the above
    • Discuss
    • 5. Interest is usually associated with

    • Options
    • A. doubtful accounts
    • B. bad debts
    • C. accounts receivable
    • D. notes receivable
    • Discuss
    • 6. How does the payment mechanism work?
    • Discuss
    • 7. What do you understand by Intercompany Settlement?
    • Discuss
    • 8. What is 3 Way Matching?
    • Discuss
    • 9. what is the difference between the terms 'credit' and 'debit' from the customer point of view?
    • Discuss
    • 10. What is reconciliation ?
    • Discuss


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