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Accounting and Finance problems


  • 1. What is a bad debt provision?
  • Discuss
  • 2. What is accounts receivable aging?
  • Discuss
  • 3. How important does accounts receivable useful for small business and why?
  • Discuss
  • 4. On a bank reconciliation, deposits in transit are

  • Options
  • A. added to the book balance
  • B. added to the bank balance
  • C. deducted from the book balance
  • D. None of the above
  • Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

  • Discuss
  • 5. Who buys Municipal bonds?
  • Also asked in: Analyst, Bank Clerk, Bank PO

  • Discuss
  • 6. Which of the following is not true about enterprise systems?

  • Options
  • A. Enterprise software is expressly built to allow companies to mimic their unique business practices.
  • B. Enterprise software includes analytical tools to evaluate overall organizational performance.
  • C. Enterprise system data have standardized definitions and formats that are accepted by the entire organization.
  • D. Enterprise systems help firms respond rapidly to customer requests for information or products.
  • Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

  • Discuss
  • 7. Accounts Receivable financing is based on
  • Also asked in: Analyst, Bank Clerk, Bank PO

  • Discuss
  • 8. Depreciation is a process of

  • Options
  • A. Allocation
  • B. Valuation
  • C. Both A & B
  • D. Appropriation
  • Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

  • Discuss
  • 9. Unearned revenue is classified as

  • Options
  • A. Liability
  • B. Owner's equity
  • C. Asset
  • D. Income
  • Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

  • Discuss
  • 10. The APC is calculated as

  • Options
  • A. consumption/income
  • B. change in income/change in consumption
  • C. income/consumption
  • D. change in consumption/change in income
  • Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

  • Discuss

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