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Home Interview Accounting and Finance Comments

  • Question
  • How important does Accounts receivable for small business and why?


  • Correct Answer
  • Accounts Receivables help small businesses by providing short-term liquidity Also continued sales on credit provide the much needed continuity for small businesses 


  • Accounting and Finance problems


    Search Results


    • 1. How to define Inter company Transaction in Account Receivable?
    • Discuss
    • 2. Explain What are the issues related with Accounts receivable?
    • Discuss
    • 3. The accounting process involves all of the following except

    • Options
    • A. identifying economic transactions that are relevant to the business
    • B. analyzing and interpreting financial reports
    • C. communicating financial information to users by preparing financial reports
    • D. recording nonquantifiable economic events
    • Discuss
    • 4. What determines the value of an item?

    • Options
    • A. the capital required to build the factory
    • B. the unlimited wants of the consumers
    • C. the resources consumed in production
    • D. the amount of goods that are produced
    • Discuss
    • 5. Managerial Accounting is also called

    • Options
    • A. Control accounting
    • B. Management accounting
    • C. Cost accounting
    • D. Both B & C
    • Discuss
    • 6. What is an accrued receivable?
    • Discuss
    • 7. How debtors play its role in Accounts receivable?
    • Discuss
    • 8. What are the goals of Accounts receivable?
    • Discuss
    • 9. How is a journal entry recorded?
    • Discuss
    • 10. Key Difference between Indian accounting standards and international accounting standards is:
    • Discuss


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