Credit sales are recorded as

Correct Answer: operating income after taxes minus depreciation

Correct Answer: the purchase of 100 shares of AT&T by a retired business executive

Correct Answer: Accounts Receivable should be credited

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 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

Correct Answer: As you?re interested in a career in banking, plenty of reasons should spring to mind, and if they don?t you should consider choosing another path! Often students are attracted to the intellectual challenges and high-profile nature of the dealings of the finance world, the fast pace of the work here, and the rewards on offer, all of which are very valid reasons for applying to a bank But they?re also valid reasons for applying for jobs in other parts of the finance world, so make sure you explain why you want a job at a bank, and in your chosen area in particular Perhaps you?re keen for the broad and deep financial training and prestigious experience that only a leading bank can offer? Your interviewers may also ask if anything puts you off banking If you have any real doubts, an interview is not the place to air them, but it?s a great idea to show that you?ve considered the difficulties the industry is currently going through before choosing to make an application You might say that you?re attracted to the particular professional challenges and opportunities a period of flux in an industry can offer

Correct Answer: Much of your answer to this question will depend on your role ? so do some careful research into your chosen department In M&A, you might spend much of your time on financial models related to the deals you?re working on, while in a trading role you might start out by assisting more senior members of the team before being given the chance to manage a trading book yourself Beyond that, it?s important to show that you?ll be keen to take on responsibilities, but that you also recognise that your first year is about learning the ropes, usually means include following instructions from others and completing some mundane tasks

Correct Answer: Banks provide their clients with advice, assistance in arranging financing, and other services, such as access to trading on the markets, investment management, and risk reduction Their main source of revenue is the fees they charge their clients for these services Some banks have departments which invest or trade the bank?s own money to generate returns, though the extent to which they can do so has become more limited in recent years