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Home Interview Accounting and Finance Comments

  • Question
  • Liabilities are defined as


  • Correct Answer
  • The words "asset" and "liability" are two very common words in accounting Liabilities are legally binding obligations that are payable to another person or entity Accounts payable, loans, mortgages, deferred revenue, come under liabilities 

  • Tags: Analyst, Bank Clerk, Bank PO

    Accounting and Finance problems


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    • 1. What is the Debit Balance recovery? How we can recover if we won?t have any future transactions from supplier ?
    • Discuss
    • 2. What is reconciliation ?
    • Discuss
    • 3. what is the difference between the terms 'credit' and 'debit' from the customer point of view?
    • Discuss
    • 4. What is 3 Way Matching?
    • Discuss
    • 5. What do you understand by Intercompany Settlement?
    • Discuss
    • 6. Which of these is an example of eminent domain?

    • Options
    • A. a corporator forces public for sell their lands to him
    • B. a state forces people to sell their fields for building highway
    • C. Both A & B
    • D. None of the above
    • Discuss
    • 7. A debit signifies a decrease in

    • Options
    • A. revenues
    • B. liability
    • C. owner's equity
    • D. All of the above
    • Discuss
    • 8. Which capital gains tax on property?
    • Discuss
    • 9. What is the table that is used for aging bucket report, what is the main purpose of this report?
    • Discuss
    • 10. Which type of assets should be capitalized and when expense out?
    • Discuss


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