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- Question
Cheque deposited but not cleared means
- Correct Answer
- A Bank Reconciliation Statement is a statement prepared periodically by a customer to explain the divergence (difference) between the bank balance as per cash book and the bank balance as per Pass Book It clearly shows the two differing balances and the outstanding items which causes the balances to disagree The objective of preparing such a statement is to know the causes of differences between the two balances and pass necessary correcting or adjusting entries in the books of the firm But it is to be noted that some differences are automatically adjusted For example - A cheque that has been sent for collection, but not yet collected, causes a difference between the balance as shown by the pass book and the balance as shown by the cash book, but no adjusting entry is required in the cash book for such a difference because, the bank will credit the firm?s account as soon as the cheque is collected
- 1. Comprehensive income includes all of the following except
Options- A. expenses
- B. contributions by owners
- C. extraordinary items
- D. losses Discuss
- 2. RBI issued currency notes under which system
Options- A. Maximum Fiduciary System
- B. Proportional Reserve System
- C. Fixed Fiduciary System
- D. Fixed Minimum Reserve System Discuss
- 3. Demand is said to be inelastic when
Options- A. Percentage change in demand is less than the percentage change in price of the good
- B. Percentage change in demand is greater than the percentage change in price of the good
- C. Percentage change in demand is equal to the percentage change in price of the good
- D. None of the above Discuss
- 4. Financial management process deals with
Options- A. Financing decisions
- B. Investments
- C. Both A & B
- D. None of the above Discuss
- 5. Explain the difference between fixed and flexible budgets ? Discuss
- 6. What is RAROC? Discuss
- 7. what is crossover rate? Discuss
- 8. What is Retained Earnings? Discuss
- 9. What is Bull Market? Discuss
- 10. what is the internal rate of return(IRR) of eurekaforbes? Discuss
Finance problems
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Correct Answer: contributions by owners
Explanation:
Comprehensive income is the sum of net income and other items that must bypass the income statement because they have not been realized, including items like an unrealized holding gain or loss from available for sale securities and foreign currency translation gains or losses.
Correct Answer: Fixed Minimum Reserve System
Explanation:
RBI issued currency notes under Fixed Minimum Reserve System.
Correct Answer: Percentage change in demand is less than the percentage change in price of the good
Explanation:
Demand is said to be inelastic, when the demand for the good doesn't change much or it is negotiable when the price of the good changed.
Correct Answer: Financing decisions
Explanation:
Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management.
Hence, it deals with Financial decisions.
Correct Answer: 1 A fixed budget is established for a specific level of activity whereas flexible budget is prepared for various levels of activity 2 Fixed budget cannot be changed after the period commences, whereas a flexible budget can be changed after the period commence 3 Fixed budget is more suitable for fixed expenses whereas flexible budget takes both fixed as well as variable expenses in account 4 Fixed budget includes only fixed costs, whereas a flexible budget includes fixed costs, variable costs and semi variable costs 5 Fixed budget is mainly used in planning stage whereas flexible budget is used in controlling stage
Correct Answer: RAROC is a risk-adjusted framework for profitability measurement and profitability management It is a tool for measuring risk-adjusted financial performance And it provides a uniform view of profitability across businesses (Strategic Business Units / divisions) RAROC and related concepts such as RORAC and RARORAC are mainly used within (business lines of) banks and insurance companies RAROC is defined as the ratio of risk-adjusted return to economic capital
Correct Answer: Crossover rates have to do with the amount of earnings that are generated by two different but similar projects The crossover rate is the point at which the two projects achieve the same net present value In terms of investments, calculating a crossover rate between two similar securities can help an investor determine what to buy and what to sell
Correct Answer: When a company or corporation earns a profit or surplus, that money can be put to two uses it can either be re-invested in the business called retained earnings or it can be paid to the shareholders as a dividends
Correct Answer: Bull market is that market where stock value are expected rise and people will have tendency to sell their stock so as to earn profit out of it Thus sudden push from the suppliers will gradually niutalise the market
Correct Answer: Internal Rate of Return is that rate of Return at which the net present value is equal to Zero or it is the Rate which equates the present value of the cash inflows to the cash outflows NPV = Cash Inflow - Cash outflow NPV = Zero
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