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Home Interview Accounting and Finance Comments

  • Question
  • What do you mean by Credit Management under AR in Professional field?


  • Correct Answer
  • Credit Management is the process of managing the outstanding receivables of the organistion as per the policies adopted by the organisation Companies might the approach of categorising the B/R by their ageing and provision for the same would be taken into account while preparing the financial statements for an organisation 


  • Accounting and Finance problems


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    • 1. What is reconciliation?
    • Discuss
    • 2. Explain What is the difference between debenture holders and creditors?
    • Discuss
    • 3. What are the components or materials used by Accounts receivable departments?
    • Discuss
    • 4. Describe account receivable?
    • Discuss
    • 5. The primary purpose of life insurance is to provide

    • Options
    • A. Safe investment avenue
    • B. financial protection to surviving dependents after the death of an insured
    • C. Tax rebates
    • D. Wealth accumulation
    • Discuss
    • 6. What is factoring?
    • Discuss
    • 7. Explain What is Customer Master record?
    • Discuss
    • 8. What is the Auto Invoice? What are the setup Steps for Auto Invoice?
    • Discuss
    • 9. Who is responsible for maintaining the Accounts receivable in an organization?
    • Discuss
    • 10. Which of the following statements about market segmentation is true?

    • Options
    • A. It is a process of identifying and profiling distinct groups of buyers who differ in their needs and wants.
    • B. It is a process of creating an image or identity of the product in the minds of the target market.
    • C. It is a process of evaluating each segment's attractiveness and selecting one or more to enter.
    • D. It involves changing the identity of a product, relative to the identity of competing products, in the collective minds of the target market.
    • Discuss


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