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Home Interview Accounting and Finance Comments

  • Question
  • What do you mean by ?cheque endorsing??


  • Correct Answer
  • ?Endorsing cheque? ensures that the cheque get deposited into your account only It minimizes the risk of theft Normally, in endorsing cheque, the cashier will ask you to sign at the back of the cheque The signature should match the payee The image over here shows the endorsed cheque 


  • Accounting and Finance problems


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    • 1. What do you mean by ?foreign draft??
    • Discuss
    • 2. What is ?Amortization??
    • Discuss
    • 3. What is overdraft protection?
    • Discuss
    • 4. What are the types of accounts in banks?
    • Discuss
    • 5. What is Bank Rate?
    • Discuss
    • 6. What is ?Bill Purchase??
    • Discuss
    • 7. What ACH stands for?
    • Discuss
    • 8. What is Line of credit?
    • Discuss
    • 9. The primary Economic function of the Financial system is to

    • Options
    • A. Providing experts advice to investors and savers
    • B. Match one person's savings with another person's investment
    • C. Keeping interest rates low
    • D. Match one person's consumpion expenditure with another person's capital expenditure
    • Discuss
    • 10. The value of money varies

    • Options
    • A. inversely with the price level
    • B. directly with the price level
    • C. directly with the volume of employment
    • D. directly with the interest rate
    • Discuss


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