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Home Interview Accounting and Finance Comments

  • Question
  • Which is the most accurate statement about trade?


  • Options
  • A. Trade makes some nations better off and others worse off
  • B. Trading for a good can make a nation better off only if the nation cannot produce that good itself
  • C. Trade helps rich nations and hurts poor nations
  • D. Trade can make every nation better off

  • Correct Answer
  • Trade can make every nation better off 

  • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

    Accounting and Finance problems


    Search Results


    • 1. What is the Debit Balance recovery? How we can recover if we wont have any future transactions from supplier?
    • Discuss
    • 2. Why does the Outstanding exp & Prepared Expenses treated as Personal Account?
    • Discuss
    • 3. What is accumulated loss?
    • Discuss
    • 4. What do you understand by Open Item Managed Account?
    • Discuss
    • 5. What is the types of assets?
    • Discuss
    • 6. A distinguishing feature of managerial accounting is

    • Options
    • A. general-purpose reports
    • B. very detailed reports
    • C. quarterly and annual reports
    • D. external users
    • Discuss
    • 7. A Credit may signify a

    • Options
    • A. Increase in the liability account
    • B. Decrease in an asset account
    • C. Increase in the capital stock account
    • D. All of the above
    • Discuss
    • 8. Accrual accounting is used because

    • Options
    • A. it provides a better indication of ability to generate cash flows than the cash basis.
    • B. it recognizes revenues when cash is received and expenses when cash is paid.
    • C. cash flows are considered less important.
    • D. All of the above
    • Discuss
    • 9. The chart of accounts is designed to

    • Options
    • A. alphabetized the accounts to make reading easier for its financial statement users
    • B. summarize the transactions and determine their ending balances
    • C. meet the information needs of a company and other financial statement users
    • D. analyse the accounts and organize them in order of dollar amount to simplify the accounting information for users
    • Discuss
    • 10. Select the correct statement regarding fixed costs.

    • Options
    • A. Because they do not change, fixed costs should be ignored in decision making.
    • B. The fixed cost per unit decreases when volume increases.
    • C. The fixed cost per unit does not change when volume decreases.
    • D. The fixed cost per unit increases when volume increases.
    • Discuss


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