What makes 25900year salary as a document processor. He has made the following chart in order to divide his weekly paycheck into his accounts Expense type Account Weekly deposits Essential (Fixed)?

What makes 25900year salary as a document processor. He has made the following chart in order to divide his weekly paycheck into his accounts Expense type Account Weekly deposits Essential (Fixed)?
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Which of the following is a personal account ? (A) Outstanding Expense (B) Investment (C) Share premium (D) Salary

Description : Which of the following is a personal account ? (A) Outstanding Expense (B) Investment (C) Share premium (D) Salary

Last Answer : Answer: Outstanding Expense

The final closing entry to be journalized is typically the entry that closes the a. revenue accounts. b. dividends account. c. retained earnings account. d. expense accounts.

Description : The final closing entry to be journalized is typically the entry that closes the a. revenue accounts. b. dividends account. c. retained earnings account. d. expense accounts.

Last Answer : b. dividends account.

Closing entries a. are prepared before the financial statements. b. reduce the number of permanent accounts. c. cause the revenue and expense accounts to have zero balances. d. summarize the activity in every account.

Description : Closing entries a. are prepared before the financial statements. b. reduce the number of permanent accounts. c. cause the revenue and expense accounts to have zero balances. d. summarize the activity in every account.

Last Answer : c. cause the revenue and expense accounts to have zero balances.

Ashwin purchased a second hand machine for Rs.1 lakh. Over the first year after its purchase. He incurred an expense of Rs.20000 in maintaining it. At the end of the first year he sold it for Rs.80000. Find his profit/loss percentage. If 25% of the total cost price (i.e., purchased price + expenses) is to be deducted on account of depreciation. a)12.5% profit b)12.5% loss c)11 1/9% profit d)11 1/9% loss

Description : Ashwin purchased a second hand machine for Rs.1 lakh. Over the first year after its purchase. He incurred an expense of Rs.20000 in maintaining it. At the end of the first year he sold it for Rs.80000. Find his ... account of depreciation. a)12.5% profit b)12.5% loss c)11 1/9% profit d)11 1/9% loss

Last Answer : d)11 1/9% loss 

i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Description : i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Last Answer : Correct the underlined word and rewrite the following sentence: i. Accepting deposits is the ... /account holder can overdraw from his account.

Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : (4) demand deposits Explanation: Demand deposits are funds held in an account from which deposited funds can be withdrawn at any time without any advance notice to the depository institution. Demand ... of account which cannot be accessed for a predetermined period (typically the loan's term).

Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : demand deposits

Which of the following accounts has a normal credit balance? a. Sales Returns and Allowances b. Sales Discounts c. Sales d. Selling Expense

Description : Which of the following accounts has a normal credit balance? a. Sales Returns and Allowances b. Sales Discounts c. Sales d. Selling Expense

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present the Counter Assistant is authorized to receive deposits and allow withdrawals up to Rs.--------------/- in savings accounts only under his own power without showing the documents to the Ledger Assistant and the Supervisor. a) 5000 b) 2000 c) 4000 d) None of these

Description : present the Counter Assistant is authorized to receive deposits and allow withdrawals up to Rs.--------------/- in savings accounts only under his own power without showing the documents to the Ledger Assistant and the Supervisor. a) 5000 b) 2000 c) 4000 d) None of these

Last Answer : a) 5000

Which of the following is an example of fraudulent financial reporting? a. The treasurer diverts customer payments to his personal due, concealing hisactions by debiting an expense account,thus overstating expenses. b. Company management changesinventory count tags and overstatesending inventory, while understatingcost of goods sold. c. An employee steals inventory and the“shrinkage” is recorded in cost of goodssold. d. An employee steals small tools from thecompany and neglects to return them;the cost is reported as a miscellaneousoperating expense

Description : Which of the following is an example of fraudulent financial reporting? a. The treasurer diverts customer payments to his personal due, concealing hisactions by debiting an expense account, thus ... the company and neglects to return them; the cost is reported as a miscellaneous operating expense

Last Answer : Company management changes inventory count tags and overstates ending inventory, while understating cost of goods sold

A carpenter built a new house on some property he owned. When he went to inspect his new house, he observed a large animal had taken up residence in the new house. However, the carpenter was not surprised by this. He made no attempt to chase the large animal from the house, nor did he call animal control to have the animal removed. In fact, he provided food and water to the animal on an ongoing basis at his own expense. Why wasn't the carpenter upset about the animal living in his newly built house? -Riddles

Description : A carpenter built a new house on some property he owned. When he went to inspect his new house, he observed a large animal had taken up residence in the new house. However, the carpenter was ... own expense. Why wasn't the carpenter upset about the animal living in his newly built house? -Riddles

Last Answer : The new house the carpenter had just built was a dog house. He built it for the new dog he had just purchased ----- a massive Saint Bernard.

The purpose of the post-closing trial balance is to a. prove that no mistakes were made. b. prove the equality of the balance sheet account balances that are carried forward into the next accounting period. c. prove the equality of the income statement account balances that are carried forward into the next accounting period. d. list all the balance sheet accounts in alphabetical order for easy reference.

Description : The purpose of the post-closing trial balance is to a. prove that no mistakes were made. b. prove the equality of the balance sheet account balances that are carried forward into the ... next accounting period. d. list all the balance sheet accounts in alphabetical order for easy reference.

Last Answer : b. prove the equality of the balance sheet account balances that are carried forward into the next accounting period.

What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Description : What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Last Answer : D. Both A and B Explanation: One can have Term/Fixed Deposit, Recurring Deposit etc., accounts in the bank where one holds ‗Basic Savings Bank Deposit Account.

Determining number of deductions to take in order to maximize my paycheck?

Description : Determining number of deductions to take in order to maximize my paycheck?

Last Answer : answer:Too many variables and personal details. Are you a dependent? Do you have your own dependents? Figure that your gross salary is $880/week or around $3300/month. After social security and stuff, you clear ... deductions possible on your W-9 - I think that the max. is 9 - and roll with it.

which of the following is an example of a fixed expense? -General Knowledge

Description : which of the following is an example of a fixed expense? -General Knowledge

Last Answer : Rent is an example of a fixed expense.

Price is the only element in the marketing mix that produces: A. Fixed cost B. Expense C. Variable cost D Revenue

Description : Price is the only element in the marketing mix that produces: A. Fixed cost B. Expense C. Variable cost D Revenue

Last Answer : D Revenue

Closing entries are made a. in order to terminate the business as an operating entity. b. so that all assets, liabilities, and Stockholders' equity accounts will have zero balances when the next accounting period starts. c. in order to transfer net income (or loss) and dividends to the retained earnings account. d. so that financial statements can be prepared.

Description : Closing entries are made a. in order to terminate the business as an operating entity. b. so that all assets, liabilities, and Stockholders' equity accounts will have zero balances when the ... ) and dividends to the retained earnings account. d. so that financial statements can be prepared.

Last Answer : c. in order to transfer net income (or loss) and dividends to the retained earnings account. unt.

What is dual pricing? (1) Wholesale price and Retail pricing (2) Pricing by agents and Pricing by retailers (3) Price fixed by Government and Price in open market (4) Daily prices and Weekly prices

Description : What is dual pricing? (1) Wholesale price and Retail pricing (2) Pricing by agents and Pricing by retailers (3) Price fixed by Government and Price in open market (4) Daily prices and Weekly prices

Last Answer : (3) Price fixed by Government and Price in open market Explanation: Dual pricing is the practice of setting prices at different levels depending on the currency used to make the purchase. It may be ... on the market. This is also known as two-tier pricing and is common in many developing nations

What is dual pricing? (1) Wholesale price and Retail pricing (2) Pricing by agents and Pricing by retaliers (3) Price fixed by Government and Price in open market (4) Daily prices and Weekly prices

Description : What is dual pricing? (1) Wholesale price and Retail pricing (2) Pricing by agents and Pricing by retaliers (3) Price fixed by Government and Price in open market (4) Daily prices and Weekly prices

Last Answer : Price fixed by Government and Price in open market

A store has on sale a computer and word processor small enough to fit in your pocket. It can add, multiply, subtract, divide, and write in all languages. A delete device will correct any error. No electricity is required to operate it. The price? Only a few cents! How can the store make a profit by selling it so cheap? -Riddles

Description : A store has on sale a computer and word processor small enough to fit in your pocket. It can add, multiply, subtract, divide, and write in all languages. A delete device will correct any error. No ... price? Only a few cents! How can the store make a profit by selling it so cheap? -Riddles

Last Answer : The computer is a wooden pencil with an eraser!

What is the trade off to putting money in savings accounts compared to a money market accounts or a certificate of deposits?

Description : What is the trade off to putting money in savings accounts compared to a money market accounts or a certificate of deposits?

Last Answer : Need answer

How to Choose the Best Accounts for Your Deposits?

Description : How to Choose the Best Accounts for Your Deposits?

Last Answer : A solid personal financial position is generally gained only through hard work and diligent savings that grow over time with additional deposits and the addition of interest that is earned on those ... savings instruments than those funds that are going to be needed much earlier. With greater ri

What do you consider ethical spending on an expense account?

Description : What do you consider ethical spending on an expense account?

Last Answer : It depends on the role - but the better way to answer this is to ask the interviewer what their expectations are with regards to what the role can expense and then simply state that you'll stay within those parameters

West Company has the following account balances: Purchases $48,000 Sales Returns and Allowances 6,400 Purchase Discounts 4,000 Freight-in 3,000 Delivery Expense 4,000 The cost of goods purchased for the period is a. $52,000. b. $47,000. c. $51,000. d. $44,600.

Description : West Company has the following account balances: Purchases $48,000 Sales Returns and Allowances 6,400 Purchase Discounts 4,000 Freight-in 3,000 Delivery Expense 4,000 The cost of goods purchased for the period is a. $52,000. b. $47,000. c. $51,000. d. $44,600.

Last Answer : . $47,000.

The Sales Returns and Allowances account is classified as a(n) a. asset account. b. contra asset account. c. expense account.

Description : The Sales Returns and Allowances account is classified as a(n) a. asset account. b. contra asset account. c. expense account.

Last Answer : b. contra asset account.

At the beginning of April, Logan Enterprises had a $400 balance in the Supplies account. During the month, Logan purhchased additional supplies for $500. At April 30, the company had $350 of supplies on hand. The balance in the supplies expense account that will be closed to Income Summary is a. $350. b. $400. c. .$500. d. $550.

Description : At the beginning of April, Logan Enterprises had a $400 balance in the Supplies account. During the month, Logan purhchased additional supplies for $500. At April 30, the company had $350 of supplies on hand. The balance ... be closed to Income Summary is a. $350. b. $400. c. .$500. d. $550.

Last Answer : d. $550.

In preparing closing entries a. each revenue account will be credited. b. each expense account will be credited. c. the retained earnings account will be debited if there is net income for the period. d. the dividends account will be debited.

Description : In preparing closing entries a. each revenue account will be credited. b. each expense account will be credited. c. the retained earnings account will be debited if there is net income for the period. d. the dividends account will be debited.

Last Answer : b. each expense account will be credited.

Which of the following is a true statement about closing the books of a corporation? a. Expenses are closed to the Expense Summary account. b. Only revenues are closed to the Income Summary account. c. Revenues and expenses are closed to the Income Summary account. d. Revenues, expenses, and the dividends account are closed to the Income Summary account.

Description : Which of the following is a true statement about closing the books of a corporation? a. Expenses are closed to the Expense Summary account. b. Only revenues are closed to the Income Summary ... account. d. Revenues, expenses, and the dividends account are closed to the Income Summary account.

Last Answer : c. Revenues and expenses are closed to the Income Summary account.

Rent paid to landlord should be credited to a) Landlords account b) Rent account c)Cash account d) Expense account

Description : Rent paid to landlord should be credited to a) Landlords account b) Rent account c)Cash account d) Expense account

Last Answer : c)Cash account

A patient presented with abdominal pain and frequent unsatisfactory bowel movement. For the last one year he has been using a purgative twice weekly to open his bowel. On colonoscopy the colon was found to be atonic with bluish pigmentation of the mucosa. Which is the most likely purgative that the patient has been using: A. Liquid paraffin B. Ispaghula C. Senna D. Lactulose

Description : A patient presented with abdominal pain and frequent unsatisfactory bowel movement. For the last one year he has been using a purgative twice weekly to open his bowel. On colonoscopy the colon was found to ... that the patient has been using: A. Liquid paraffin B. Ispaghula C. Senna D. Lactulose

Last Answer : C. Senna

What is the use of sections in a word document: a) To divide the document into parts so that each part may be independently printed when the print command is given. b) To divide the document into parts so as to allow certain parts of the document to display data from a table. c) To vary the layout of a document within a page or between pages by dividing the document into parts and then allow formatting of each part the way you want. d) None of The Above

Description : What is the use of sections in a word document: a) To divide the document into parts so that each part may be independently printed when the print command is given. b) To divide the document into ... document into parts and then allow formatting of each part the way you want. d) None of The Above

Last Answer : To vary the layout of a document within a page or between pages by dividing the document into parts and then allow formatting of each part the way you want.

Mark the correct option. What are the option available to the PPF subscriber on maturity of his PPF account: a) To close the account b) To continue the account with deposits c) To continue the account without deposits d) Either (A), (B) or (C) above

Description : Mark the correct option. What are the option available to the PPF subscriber on maturity of his PPF account: a) To close the account b) To continue the account with deposits c) To continue the account without deposits d) Either (A), (B) or (C) above

Last Answer : d) Either (A), (B) or (C) above

An XML document can be viewed in a (a) Word processor (b) Web browser -Technology

Description : An XML document can be viewed in a (a) Word processor (b) Web browser -Technology

Last Answer : (b) An XML document can be viewed in a Web browser.

PDP stands for: a) Processed Dynamic Processor b) Personal Data Processorc) Parent Document Processord) None of These

Description : PDP stands for: a) Processed Dynamic Processor b) Personal Data Processor c) Parent Document Processor d) None of These

Last Answer : b) Personal Data Processor

The operating system determines the manner in which all of the following occurs except a) user creation of a document b) user interaction with the processor c) printer output d) data displayed on the monitor e) None of these

Description : The operating system determines the manner in which all of the following occurs except a) user creation of a document b) user interaction with the processor c) printer output d) data displayed on the monitor e) None of these

Last Answer : b) user interaction with the processor

Which financial obligation is best satisfied with Bond Issues? a. Accounts Payable b. Increased production capacity c. Changes in A/R policy d. Salary increases e. All of the above

Description : Which financial obligation is best satisfied with Bond Issues? a. Accounts Payable b. Increased production capacity c. Changes in A/R policy d. Salary increases e. All of the above

Last Answer : b. Increased production capacity

Your employer makes an attempt to update office sterilization procedures; what would you recommend as the BEST method to verify that sterilization has occurred:** A. Use spore test daily B. Use indicator strips in each load and colour change tape on each package C. Use indicator strips daily and spore test weekly D. Use colour change tape daily and spore test monthly E. Use colour change tape in each load and spore tests weekly

Description : Your employer makes an attempt to update office sterilization procedures; what would you recommend as the BEST method to verify that sterilization has occurred:** A. Use spore test daily B. Use ... daily and spore test monthly E. Use colour change tape in each load and spore tests weekly

Last Answer : E. Use colour change tape in each load and spore tests weekly

Ling makes a base salary of $800 per month plus a commission of 15% on sales. How much must Ling sell in order to earn $5 000 per month?

Description : Ling makes a base salary of $800 per month plus a commission of 15% on sales. How much must Ling sell in order to earn $5 000 per month?

Last Answer : $32,533.34To make $5,000 on a 15% commission he needs to sell $33,333.34 (rounding up to the nearest cent since he can't make part of a penny) worth of goods. However, $800 is already taken care of up front, so 33,333.34 - 800 = 32,533.34.

When your motor-bike is out of order all of sudden then what will you do in this situation? Options: A) You will immediately get the bike repair because you feel inferiority to go to the institute without it B) You will not touch it because it saves you from the unusual expense of petrol and repairing C) You will get it repaired immediately otherwise it will be deteriorated D) You will become neutral as you believe to face every condition

Description : When your motor-bike is out of order all of sudden then what will you do in this situation? Options: A) You will immediately get the bike repair because you feel inferiority to go ... immediately otherwise it will be deteriorated D) You will become neutral as you believe to face every condition

Last Answer : C) You will get it repaired immediately otherwise it will be deteriorated

A BO bag sent a branch office by its account office must always contain BO slip and it may contain a) Postal order for issue/payment b) Money order for payment c) Cash bag containing cash/stamp, SB document, and saving certificates d) All the above

Description : A BO bag sent a branch office by its account office must always contain BO slip and it may contain a) Postal order for issue/payment b) Money order for payment c) Cash bag containing cash/stamp, SB document, and saving certificates d) All the above

Last Answer : d) All the above

Explain the following concept: Fixed Deposits

Description : Explain the following concept: Fixed Deposits

Last Answer : Explain the following concept: Fixed Deposits

What is referred to as "Depository Services"? (1) A new scheme of fixed deposits (2) A method of regulating stock exchanges (3) An agency for safe-keeping of securities (4) An advisory service to investors

Description : What is referred to as "Depository Services"? (1) A new scheme of fixed deposits (2) A method of regulating stock exchanges (3) An agency for safe-keeping of securities (4) An advisory service to investors

Last Answer : (3) An agency for safekeeping of securities Explanation: A Central Securities Depository (CSD) is an organization holding securities either in certificated or uncertificated (dematerialized ... : Demat accounts; dematerialization; rematerialization; transfer of securities; and pledge services.

What is referred to as 'Depository Services'? (1) A new scheme of fixed deposits (2) A method for regulating stock exchanges (3) An agency for safe-keeping of securities (4) An advisory service to investors

Description : What is referred to as 'Depository Services'? (1) A new scheme of fixed deposits (2) A method for regulating stock exchanges (3) An agency for safe-keeping of securities (4) An advisory service to investors

Last Answer : (3) An agency for safekeeping of securities Explanation: It is a service offered by a securities depository under which the depository maintains book accounts recording the ownership of securities held on behalf of the depository's participants, for eligible securities.

Which term is not related to banking? (1) C.R.R. (2) N .E.E .R. (3) S.L.R. (4) Fixed Deposits

Description : Which term is not related to banking? (1) C.R.R. (2) N .E.E .R. (3) S.L.R. (4) Fixed Deposits

Last Answer : (2) N.E.E.R. Explanation: NEER stands for Nominal Effective Exchange Rate which represents the relative value of a home country's currency compared to the other major currencies being traded (U.S. ... etc.). It also represents the approximate relative price a consumer will pay for an imported good.

Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Description : Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Last Answer : D. repayable on demand or after an agreed period as per bank s choice. Explanation: A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a ... every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.

A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

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Last Answer : C. A loan asset on which interest and/or instalments remain unchanged. Explanation: A nonperforming asset (NPA) refers to a classification for loans on the books of financial institutions that are in ... is classified as nonperforming when loan payments have not been made for a period of 90 days.

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Last Answer : E. All of these Explanation: SMERA can rate/grade various instruments such as: IPO, NCDs, Commercial Papers, Bonds, Security Receipts, Fixed Deposits etc

No interest is paid by banks on 1. Recurring deposits 2. Current deposits 3. Saving deposits 4. Fixed deposits 5. None of these

Description : No interest is paid by banks on 1. Recurring deposits 2. Current deposits 3. Saving deposits 4. Fixed deposits 5. None of these

Last Answer : Current deposits