Entered in the Purchases Journal are A) Discounts received B) Purchases invoices C) Payments to suppliers D) Trade discounts

Entered in the Purchases Journal are A) Discounts received B) Purchases invoices C) Payments to suppliers D) Trade discounts
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Answer: B
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Sales invoices are first entered in A) The Cash Book B) The Purchases Journal C) The Sales Journal D) The Sales Account

Description : Sales invoices are first entered in A) The Cash Book B) The Purchases Journal C) The Sales Journal D) The Sales Account

Last Answer : Answer: C

Identify which technique will not help a company to optimise its working capital cycle. A. Offering discounts for early payment by debtors B. Using cash management models to optimise the level of cash held C. Taking full advantage of credit offered by trade suppliers D. Applying the economic order quantity model to stock management E. Adopting the use of just-in-time stock management

Description : Identify which technique will not help a company to optimise its working capital cycle. A. Offering discounts for early payment by debtors B. Using cash management models to optimise the level of ... order quantity model to stock management E. Adopting the use of just-in-time stock management

Last Answer : B. Using cash management models to optimise the level of cash held

The period of preservation of invoices of articles received from stock depot is a) Six months b) Eighteen months c) Two years d) Three years

Description : The period of preservation of invoices of articles received from stock depot is a) Six months b) Eighteen months c) Two years d) Three years

Last Answer : d) Three years

A purchase manager of a company has to purchase 500 tones of raw material. Apart from the other suppliers in the market, his son also supplies that raw material. The manager purchases the raw material from the firm of his son at a rate higher than the market rate. Which principle of management has been violated in this situation? a. Unity of Command b. Unity of Directions c. Subordination personal interest to general interest d. Equity

Description : A purchase manager of a company has to purchase 500 tones of raw material. Apart from the other suppliers in the market, his son also supplies that raw material. The manager purchases the ... Unity of Command b. Unity of Directions c. Subordination personal interest to general interest d. Equity

Last Answer : c. Subordination personal interest to general interest

Suppliers personal a/c are seen in the A) Sales Ledger B) Nominal ledger C) Purchases Ledger D) General Ledger

Description : Suppliers personal a/c are seen in the A) Sales Ledger B) Nominal ledger C) Purchases Ledger D) General Ledger

Last Answer : Answer: C

Who can tell you the most profitable hosting services For bargain purchases with big discounts?

Description : Who can tell you the most profitable hosting services For bargain purchases with big discounts?

Last Answer : there is a great service, anonymous, verified and secure. The link is in my profile in the biography. Remove the spaces and go through it, you will be given a 25% discount. 10000000% not spam

Where can I find discounts and offers on online purchases through Wallmart?

Description : Where can I find discounts and offers on online purchases through Wallmart?

Last Answer : With over 8 million items, Walmart is the largest retailer in the United States. Walmart boasts everyday low prices, rollback discounts daily on popular items, and easy ordering online with FREE pickup ... link below:ht tps://yaz ing .com/deals/walmart/SandroSalomonremove the spaces from the link

Does Staples offer quantity discounts for small businesses making large purchases?

Description : Does Staples offer quantity discounts for small businesses making large purchases?

Last Answer : If you have 20 or more employees, the Staples Advantage program will work with you to offer customized pricing on those items you use most. You may see savings by purchasing more of your ... 20 employees, you can use Staples' price match guarantee and Staples rewards for added cost savings.

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.

When marginal cost is equal to marginal revenue, the firm should A)produce more to increase profits. B)produce less to decrease total costs. C)stop producing additional units to maximise profits. D)provide discounts to encourage purchases.

Description : When marginal cost is equal to marginal revenue, the firm should A)produce more to increase profits. B)produce less to decrease total costs. C)stop producing additional units to maximise profits. D)provide discounts to encourage purchases.

Last Answer : C)stop producing additional units to maximise profits.

When family allotment money order are paid a) The MOs paid shall be listed along with other MOs b) The MOs will be entered in separate journal and accounted for separately in the accounts c) Will be entered in MO paid journals and the total entered in the ordinary journal d) None of these

Description : When family allotment money order are paid a) The MOs paid shall be listed along with other MOs b) The MOs will be entered in separate journal and accounted for separately in the accounts c) Will be entered in MO paid journals and the total entered in the ordinary journal d) None of these

Last Answer : c) Will be entered in MO paid journals and the total entered in the ordinary journal

Is it a bad idea to make two big purchases (monthly payments) at once?

Description : Is it a bad idea to make two big purchases (monthly payments) at once?

Last Answer : Since the car is still running, why not do the apartment getting and settling in first and then see how you make out before buying a new car?

Which one of the following is not included in the internal check as regards purchases ? (A) Assessment of requirements (B) Placing orders (C) Despatch of goods (D) Recording and making payments

Description : Which one of the following is not included in the internal check as regards purchases ? (A) Assessment of requirements (B) Placing orders (C) Despatch of goods (D) Recording and making payments

Last Answer : Answer: Despatch of goods

When an incoming partner purchases his share from any one of the existing partners, then– (A) total assets of the firm do not change (B) total assets of the firm will be augmented to the extent of payment received from the new partner (C) total assets of the firm will be reduced to the extent of payment received from the new partner (D) change in total assets of the firm will depend upon the new profit sharing ratio of the partners

Description : When an incoming partner purchases his share from any one of the existing partners, then- (A) total assets of the firm do not change (B) total assets of the firm will be augmented to the extent ... ) change in total assets of the firm will depend upon the new profit sharing ratio of the partners

Last Answer : Answer: total assets of the firm do not change

Discounts received are A) Deducted by us when we pay our accounts B) Deducted when we receive cash C) Given by us when we sell goods on credit D) None of these

Description : Discounts received are A) Deducted by us when we pay our accounts B) Deducted when we receive cash C) Given by us when we sell goods on credit D) None of these

Last Answer : Answer: A

All supplies of certificates received by Head and Sub Offices must entered in a) The Daily dairy b) Daily account c) The stock register(NC-12) d) Cash book

Description : All supplies of certificates received by Head and Sub Offices must entered in a) The Daily dairy b) Daily account c) The stock register(NC-12) d) Cash book

Last Answer : c) The stock register(NC-12)

Which of the following particulars should also be furnished on the reverse of the daily account. a) Details of remittances received and sent from or to HO or other SO b) Particulars of UCR , UCP, bills paid , reason for holding cash/stamp below minimum or excess maximum c) Requisition for postage entered in remarks column d) All documents sent to along with the daily account e) All the above

Description : Which of the following particulars should also be furnished on the reverse of the daily account. a) Details of remittances received and sent from or to HO or other SO b) Particulars of UCR , UCP, ... entered in remarks column d) All documents sent to along with the daily account e) All the above

Last Answer : e) All the above

The blank parcel list received from opening of a mail bag will be handed over to the parcel sorting assistant a) Then and there through group Db) Will be entered in separate mail list and tfr direct to the PSA under acquittancec) All the aboved) None of these

Description : The blank parcel list received from opening of a mail bag will be handed over to the parcel sorting assistant a) Then and there through group D b) Will be entered in separate mail list and tfr direct to the PSA under acquittance c) All the above d) None of these

Last Answer : b) Will be entered in separate mail list and tfr direct to the PSA under acquittance

In Unix operating system, special files are used to : (A) buffer data received in its input from where a process reads (B) provide a mechanism to map physical device to file names (C) store list of file names plus pointers associated with i-nodes (D) store information entered by a user application program or utility program

Description : In Unix operating system, special files are used to : (A) buffer data received in its input from where a process reads (B) provide a mechanism to map physical device to file names (C ... pointers associated with i-nodes (D) store information entered by a user application program or utility program

Last Answer : (B) provide a mechanism to map physical device to file names 

How do I make invoices for freelance work?

Description : How do I make invoices for freelance work?

Last Answer : What application are you using to generate them. There are many invoice templates in Word. you can download them and customize them. If you need a copy of one, I can provide what I have used in the ... with the invoice for payment in a timely fashion so you can cover your butt and keep track of it.

If you do freelance work, how do you track time and send invoices?

Description : If you do freelance work, how do you track time and send invoices?

Last Answer : answer:You can use http://www.blinksale.com/home I used it for my invoices when I was doing freelance work. It also works with Basecamp, so you can import your clients info from. Its simple and easy to use R

it is always best to have invoices signed for approval after processing for payment. -General Knowledge

Description : it is always best to have invoices signed for approval after processing for payment. -General Knowledge

Last Answer : The given statement is false. Invoices should be signed for approval before processing for payment.

Contractor Forms: Invoices?

Description : Contractor Forms: Invoices?

Last Answer : The most popular of contractor forms, an invoice is the type of document through which a contractor may bill a company or individual for the services that they have provided. Normally, this will list ... as the contractor requiring the invoice be due upon receipt or within a certain number of days.

Documentary drafts require various shipping documents such as ____. A. bills of lading B. insurance certificates C. commercial invoices D. A and B E. A, B, and C

Description : Documentary drafts require various shipping documents such as ____. A. bills of lading B. insurance certificates C. commercial invoices D. A and B E. A, B, and C

Last Answer : E. A, B, and C

Anyone who has publication experience with the Open Journal of Genetics (OJGEN) I’ve received their special issue invitation recently. Is it a good choice to publish the academic paper there?

Description : Anyone who has publication experience with the Open Journal of Genetics (OJGEN) I’ve received their special issue invitation recently. Is it a good choice to publish the academic paper there?

Last Answer : If you do not want to publish your paper on SCI or SCOPUS or WOS journals, this journal can be included into your consideration as I once published a paper successfully and thought the peer review comments are helpful.

I received an invitation letter from the “Open Journal of Clinical Diagnostics”, which is one of the journals launghed by SCRRP. Does anyone know about ”Open Journal of Clinical Diagnostics” Should I trust it to publish my article there?

Description : I received an invitation letter from the “Open Journal of Clinical Diagnostics”, which is one of the journals launghed by SCRRP. Does anyone know about ”Open Journal of Clinical Diagnostics” Should I trust it to publish my article there?

Last Answer : Article Publishing

On Workmans comp since October 2004. They want to move me to total disability. If this happens, the disability payments will be 1/3 of what I received Workmans comp. Do I have any recourse Would they offer a lump sum and then put me on disabilty?

Description : On Workmans comp since October 2004. They want to move me to total disability. If this happens, the disability payments will be 1/3 of what I received Workmans comp. Do I have any recourse Would they offer a lump sum and then put me on disabilty?

Last Answer : Disability differs from state to state. Check with your local office for info on filing an appeal if you don't think the amount is correct.

Donations received for the special purpose will be taken to the– (A) Income and Expenditure Account (B) Assets side of the Balance Sheet (C) Liabilities side of the Balance Sheet (D) Receipts and Payments Account

Description : Donations received for the special purpose will be taken to the– (A) Income and Expenditure Account (B) Assets side of the Balance Sheet (C) Liabilities side of the Balance Sheet (D) Receipts and Payments Account

Last Answer : Answer: Liabilities side of the Balance Sheet

Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security

Description : Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security

Last Answer : (4) Employee's contribution to social security Explanation: A transfer payment is a oneway payment of money for which no money, good, or service is received in exchange. Governments ... payments include welfare (financial aid), social security, and government making subsidies for certain businesses

Measurement and disclosure do not apply to which of the following? a) Leasing based transactions b) Net realizable values/Impairment of Assets c) Share based payments d) Price received to sell or buy an asset

Description : Measurement and disclosure do not apply to which of the following? a) Leasing based transactions b) Net realizable values/Impairment of Assets c) Share based payments d) Price received to sell or buy an asset

Last Answer : d) Price received to sell or buy an asset

Relief-from-royalty method estimates the value an asset based on the value of the royalty payments __________. a) from which the company is relieved due to its ownership of the asset b) made by the company to acquire ownership of the asset c) received by the company from the useful life of the asset d) over and above the internal rate of return

Description : Relief-from-royalty method estimates the value an asset based on the value of the royalty payments __________. a) from which the company is relieved due to its ownership of the asset b) made by the ... by the company from the useful life of the asset d) over and above the internal rate of return

Last Answer : a) from which the company is relieved due to its ownership of the asset

In NetBill’s protocol for small payments for internet services (i) Key to decrypt information is sent to customer by NetBill only when there is enough amount in debit account (ii) The vendor supplies the key to NetBill server when he receives payment (iii) Checksum of encrypted information received by customer is attached to his payment order (iv) Vendor does not encrypt information purchased by customer a. i, ii b. i, ii, iii c. i, ii, iii, iv d. i, ii, iv

Description : In NetBill's protocol for small payments for internet services (i) Key to decrypt information is sent to customer by NetBill only when there is enough amount in debit account (ii) The vendor supplies the key to NetBill server when he ... i, ii b. i, ii, iii c. i, ii, iii, iv d. i, ii, iv

Last Answer : b. i, ii, iii 

Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security

Description : Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security 

Last Answer : Employee's contribution to social security 

If the purchases made during the year were Rs. 60,000, the balance of stock in trade at the beginning and at the end of the year were Rs. 12,000 and Rs. 9,000 respectively and the gross profit on sales was 1/5th, when which one of the following represents the figure of gross profit for the year ? (A) Rs. 15,750 (B) Rs. 14,000 (C) Rs. 12,500 (D) Rs. 17,250

Description : If the purchases made during the year were Rs. 60,000, the balance of stock in trade at the beginning and at the end of the year were Rs. 12,000 and Rs. 9,000 respectively and the gross profit on sales was 1/5th, when which ... year ? (A) Rs. 15,750 (B) Rs. 14,000 (C) Rs. 12,500 (D) Rs. 17,250

Last Answer : Answer: Rs. 12,500

The Shirt Company utilises a push strategy to sell the Ecoshirt line. Its basic promotional tool is discount. These discounts offered to middlemen are referred to as ___ discounts. A)trade B)cumulative C)noncumulative D)quality E)middlemen

Description : The Shirt Company utilises a push strategy to sell the Ecoshirt line. Its basic promotional tool is discount. These discounts offered to middlemen are referred to as ___ discounts. A)trade B)cumulative C)noncumulative D)quality E)middlemen

Last Answer : A)trade

Trade discount is allowed for prompt payments.

Description : Trade discount is allowed for prompt payments.

Last Answer : Trade discount is allowed for prompt payments.

The difference in the value of visible exports and visible imports is called : (1) Balance Sheet of items (2) Balance of Payments (3) Balance of Trade (4) Balance of Account

Description : The difference in the value of visible exports and visible imports is called : (1) Balance Sheet of items (2) Balance of Payments (3) Balance of Trade (4) Balance of Account

Last Answer : (3) Balance of Trade Explanation: Balance of Trade refers to the difference between the value of a country's visible imports and visible exports. Also known as the visible balance, it forms part of ... totals more than the value of visible exports, it is known as an adverse balance of trade.

he annual record for all the monetary transactions of a country with other countries of the world is known as - (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

Description : he annual record for all the monetary transactions of a country with other countries of the world is known as - (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

Last Answer : (3) Balance of payments Explanation: Balance of payments (BoP) accounts arc an accounting record of all monetary transactions between a country and the rest of the world. These transactions include ... and are prepared in a single currency, typically the domestic currency for the country concerned.

The record of all economic transactions between the residents of a country and the rest of the world in a particular period is known as _______ A. Balance in Current Account B. Balance in Capital Account C. Trade Settlements D. Balance of Trade E. Balance of Payments

Description : The record of all economic transactions between the residents of a country and the rest of the world in a particular period is known as _______ A. Balance in Current Account B. Balance in Capital Account C. Trade Settlements D. Balance of Trade E. Balance of Payments

Last Answer : E. Balance of Payments Explanation: The balance of payments (BOP) is the method countries use to monitor all international monetary transactions at a specific period of time.A record of all transactions made between one particular country and all other countries during a specific time period.

The _____________ is the difference in value between a nation's exports and its imports 1. balance of payments 2. export / import ratio 3. gross domestic product 4. net trade value 5. balance of trade

Description : The _____________ is the difference in value between a nation's exports and its imports 1. balance of payments 2. export / import ratio 3. gross domestic product 4. net trade value 5. balance of trade

Last Answer : balance of trade

The balance of payments of a country on current account is equal to A. Balance of trade plus short term B. Balance of trade plus net invisible exports C. Balance of payment minus capital flows

Description : The balance of payments of a country on current account is equal to A. Balance of trade plus short term B. Balance of trade plus net invisible exports C. Balance of payment minus capital flows

Last Answer : Balance of trade plus net invisible exports

As a part of WTO guidelines, Agreement on Agriculture (AOA) doesn’t consider A. Direct payments to farmers are permitted. B. Indirect assistance and support to farmers including R & D support by govt. are not permitted. C. Domestic policies which directly effect on production and trade have to be cut back. D. Least developed countries do not need to make any cuts.

Description : As a part of WTO guidelines, Agreement on Agriculture (AOA) doesn't consider A. Direct payments to farmers are permitted. B. Indirect assistance and support to farmers including R & D support by govt. are ... and trade have to be cut back. D. Least developed countries do not need to make any cuts.

Last Answer : Indirect assistance and support to farmers including R & D support by govt. are not permitted.

What records a country's transactions (made by individuals, firms and government bodies.) with the rest of the world? a) Trade deficit b) Capital Budget c) Foreign imports d) Balance of Payments or BoP

Description : What records a country's transactions (made by individuals, firms and government bodies.) with the rest of the world? a) Trade deficit b) Capital Budget c) Foreign imports d) Balance of Payments or BoP

Last Answer : b) other things remaining equal

Which of the following exceptions in the WTO rules does not permit a country to use a tariff or quota that is more restrictive than its bound tariff? A. Anti-dumping B. Countervailing duties C. Safeguards D. Balance of payments protection E. Preferential trade agreements

Description : Which of the following exceptions in the WTO rules does not permit a country to use a tariff or quota that is more restrictive than its bound tariff? A. Anti-dumping B. Countervailing duties C. Safeguards D. Balance of payments protection E. Preferential trade agreements

Last Answer : E. Preferential trade agreements

A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Description : A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Last Answer : D. Capital account transactions

A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Description : A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Last Answer : D. Capital account transaction

e __________ is the difference in value between a nation's exports and its imports. A)balance of payments B)export/import ratio C)gross domestic product D)net trade value E)balance of trade

Description : e __________ is the difference in value between a nation's exports and its imports. A)balance of payments B)export/import ratio C)gross domestic product D)net trade value E)balance of trade

Last Answer : A)balance of payments

The annual record for all the monetary transactions of a country with other countries of the world is known as (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

Description : The annual record for all the monetary transactions of a country with other countries of the world is known as (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

Last Answer : Balance of payments