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Home Interview Accounting and Finance Comments

  • Question
  • What is the table that is used for aging bucket report, what is the main purpose of this report?


  • Correct Answer
  • Time periods you define to age your debit items Aging buckets are used in the Aging reports to see both current and outstanding debit items For example you can define an aging bucket that includes all debit items that are 1 to 30 days past due Normal table used for this Report is < 30 days 30-60 days 60-90 days 90-180 days and >180 days 


  • Accounting and Finance problems


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    • 1. Which capital gains tax on property?
    • Discuss
    • 2. A debit signifies a decrease in

    • Options
    • A. revenues
    • B. liability
    • C. owner's equity
    • D. All of the above
    • Discuss
    • 3. 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
    • 4. Liabilities are defined as
    • Discuss
    • 5. What is the Debit Balance recovery? How we can recover if we won?t have any future transactions from supplier ?
    • Discuss
    • 6. Which type of assets should be capitalized and when expense out?
    • Discuss
    • 7. 'Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ?

    • Options
    • A. Nil Accounting Variation
    • B. New Asset Venture
    • C. Net Accounting Venture
    • D. Net Asset Value
    • Discuss
    • 8. Goods that are excludable include both

    • Options
    • A. public goods and common resources
    • B. common resources and private goods
    • C. natural monopolies and public goods
    • D. private goods and natural monopolies
    • Discuss
    • 9. What is cash budget ?
    • Discuss
    • 10. Managerial accounting information is generally prepared for

    • Options
    • A. creditors
    • B. regulatory agencies
    • C. shareholders
    • D. managers
    • Discuss


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