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- Question
When an account becomes uncollectible and must be written off
Options- A. Accounts Receivable should be credited
- B. Sales Revenue should be debited
- C. Allowance for Doubtful Accounts should be credited
- D. Bad Debt Expense should be credited
- Correct Answer
- Accounts Receivable should be credited
- 1. 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
- 2. Who is responsible for maintaining the Accounts receivable in an organization? Discuss
- 3. What is the Auto Invoice? What are the setup Steps for Auto Invoice? Discuss
- 4. Explain What is Customer Master record? Discuss
- 5. What is factoring? Discuss
- 6. Which of the following is not economic investment?
Options- A. the piling up of inventories on a grocer's shelf
- B. the purchase of a drill press by the Ajax Manufacturing Company
- C. construction of a suburban housing project
- D. the purchase of 100 shares of AT&T by a retired business executive Discuss
- 7. In a general sense, "cash flow" can be said to equal
Options- A. operating income less taxes
- B. operating income after taxes minus depreciation
- C. operating income less taxes plus depreciation
- D. operating income before depreciation and taxes plus depreciation Discuss
- 8. Credit sales are recorded as
Options- A. Accounts Receivable
- B. Accounts Payable
- C. Both A & B
- D. None of the above Discuss
- 9. What is commercial Bank ? Discuss
- 10. What is the difference between Private bank and Nationalized bank? Discuss
Accounting and Finance problems
Search Results
Correct Answer: It is a process of identifying and profiling distinct groups of buyers who differ in their needs and wants.
Correct Answer: Accountants in big organization there will be a department to maintain AR department
Correct Answer: A powerful tool to import and validate transaction data from other financial systems and create invoices , debit memos , credit memos and on-account credits Setup steps: 1 Define the line ordering rules 2 Define the grouping rules - attache the line ordering rules to the grouping rules
Correct Answer: A Customer Master Record is a permanent record that contains key information about a business partner or a material This information must be entered into the system before any transactions can take place involving the business partner [customer] or a material Entering all the information about a customer or a material into the system before making transactions insures that subsequent transactions or inquiries will have consistent data and reports and analyses can be done in an orderly way Master Records can be edited or changed when necessary Changing master records is frequently called "Maintaining" in SAP
Correct Answer: Selling the rights to the amounts owing by debtors to a finance company for an agreed amount (which is less than the figure at which they are recorded in the accounting books because the finance company needs to be paid for providing the service)
Correct Answer: the purchase of 100 shares of AT&T by a retired business executive
Correct Answer: operating income after taxes minus depreciation
Correct Answer: Accounts Receivable
Correct Answer: A commercial bank is a type of bank that provides services such as accepting deposits, making business loans, and offering basic investment products Commercial bank can also refer to a bank or a division of a bank that mostly deals with deposits and loans from corporations or large businesses, as opposed to individual members of the public
Correct Answer: Nationalized banks are also known as public sector banks where the government is responsible for the deposition of money in these banks while in a private bank money is deposited by the person who owns the bank
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