Description : i. A slip is used for depositing cash and cheque in the Bank account. ii. Permission to withdraw excess amount from Current Account.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statement: ... Instrument which can be discounted with the bank.
Description : i. A company usually opens ________ account in a bank. (a) Current (b) Saving (c) Recurring
Last Answer : Select the correct answer from the options given below and rewrite the statement: i. A company usually ... ) Fixed (b) Current (c) Recurring
Description : (i) A temporary account opened to rectify the entry is known as suspense A/c.
Last Answer : Do you agree or disagree with the following statements. (i) A temporary account opened to rectify ... and rules are known as Errors of Principle.
Description : (i) The left-hand side of an account.
Last Answer : Write the word, term, phrase, which can substitute each of the statement : (i) The left-hand ... Subsidiary books. (v) Page of the account book
Description : (i) A system of book-keeping which records only one aspect of business transactions and ignores other aspects.
Last Answer : Write a word, term, or phrase which can substitute each of the following statements : (i ... approximate or estimated values as on a particular date.
Description : (i) A system of book-keeping in which both the aspects of transactions are recorded.
Last Answer : Write a word, term, or phrase which can substitute each of the following statements : (i) A ... find out profit or loss under a single entry system.
Description : (i) A book of accounts in which all ledger accounts are maintained.
Last Answer : Write the word, term, phrase, which can substitute each of the statement : (i) A book of ... 's prepared from the balances of the ledger account.
Description : i. A director can be removed before the expiry of his term. ii. Directors act as trustees of the company.
Last Answer : State whether the following statements are True or False: i. A director can be removed ... meetings. vi. Director can take decisions individually.
Description : i. Process of communication, conveying a message in spoken form. ii. A set of interconnected web pages located on a single web domain.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statement: i ... . vi. Audio-Visual means of electronic communication.
Description : i. A meeting of shareholders which is held once a year. ii. A meeting of shareholders is held between two annual general meetings.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statement: i ... A meeting of the preference shareholders of a company.
Description : (i) The single Entry System of Book-keeping is a scientific method of books of accounts.
Last Answer : Do you agree with the following statements? (i) The single Entry System of Book-keeping is ... Entry System follows the golden rules of accounts.
Description : (i) The source document for recording sales book is __________
Last Answer : Complete the following sentences: (i) The source document for recording sales book is __________ ... are recorded on the ________ side of Cashbook.
Description : (i) The varna and the caste system in India. (ii) Power, property, intelligence, skills etc.
Last Answer : Identify the appropriate term from the given option : (Open stratification, Prestige, ... social position than his previous social position.
Description : i. The meeting which is held once in every financial year is called as ________ ii. The meeting held to discuss and decide any special
Last Answer : Complete the sentence: i. The meeting which is held once in every financial year is ... convene the Annual General Meeting is with the ________
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
Description : If the trial balance shows a short credit the suspense account will have a _______ balance.
Last Answer : If the trial balance shows a short credit the suspense account will have a _______ balance. (a) debit (b) zero (c) credit (d) nil
Description : When the total of debit side of an account exceeds credit side, it is called __________ balance.
Last Answer : When the total of debit side of an account exceeds credit side, it is called __________ balance. (a) Debit (b) Credit (c) Nil (d) Real
Description : Excess of debit total of an account over it’s credit total indicates _____________ balance.
Last Answer : Excess of debit total of an account over it’s credit total indicates _____________ balance. (a) Negative (b) Positive (c) Debit (d) Credit
Description : Is the AR on balance sheet credit or debit account?
Last Answer : Feel Free to Answer
Description : Mark the correct option relating to withdrawal on PPF account a) The first withdrawal can be made at any time after expiry of 5 years from the end of the year in which the initial subscription was made ... be made in one financial year . The amount of withdrawal is not repayable. d) All the above
Last Answer : d) All the above
Description : Mark the correct option a) No interest shall be allowed on an account for any month in which the balance at credit below twenty rupees ant any time between the close of the tenth day and ... month in which sanction for withdrawal of balance is issued by competent postal authority d) All the above
Description : The Freight-in account a. increases the cost of merchandise purchased. b. is contra to the Purchases account. c. is a permanent account. d. has a normal credit balance
Last Answer : a. increases the cost of merchandise purchased.
Description : If Income Summary has a credit balance after revenues and expenses have been closed into it, the closing entry for Income Summary will include a a. debit to the retained earnings account. b. debit ... . c. credit to the retained earnings account. d. credit to the owner's dividends account.
Last Answer : c. credit to the retained earnings account.
Description : Why would a transaction marked "credit" with a positive value deduct from my available balance at the bank?
Last Answer : If your bank hasn’t verified the funds from the entity giving you the credit yet, they won’t make it available for you to access.
Description : Do you know any banks that do not charge monthly fees for not meeting minimum balance requirements for a small business account? Or a recommendation of a good small business bank, period?
Last Answer : Sovereign Bank had Free Business Checking a few years back… I’m not sure if they still do. Have you done a web search for “free business checking”?
Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft
Last Answer : (4) an overdraft Explanation: Overdrafts is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the ... available balance goes below zero. In this situation the account is said to be "overdrawn."
Description : Consider the following schemas: Branch = (Branch-name, Assets, Branch-city) Customer = (Customer-name, Bank-name, Customer-city) Borrow = (Branch-name, loan-number, customer account-number) Deposit = ... )) (C) πcustomer-name(σbalance> 10000(Borrow)) (D) σcustomer-name(σbalance> 10000(Borrow))
Last Answer : (A) πcustomer-name(σbalance> 10000(Deposit))
Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft
Last Answer : an overdraft
Description : Credit balance in the Pass Book represents _____________
Last Answer : Credit balance in the Pass Book represents _____________ (a) overdraft (b) bank balance (c) loan borrowed (d) negative
Description : What does the credit balance of Cash Book indicate?
Last Answer : What does the credit balance of Cash Book indicate?
Description : The Monetary Authority in India, viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as __________ A. Minimum Reserve ... Reserve System C. Maximum Fiduciary Issue system D. Simple deposit system E. None of the Above
Last Answer : A. Minimum Reserve System Explanation: The RBI follows a minimum reserve system in the note issue. Initially, it used to keep 40 per cent of gold reserves in its total assets.
Description : What is minimum balance should remain in a savings account with cheque book after withdrawal? a) Rs 50/- b) Rs 500/- c) Rs 1000/- d) Rs 100/
Last Answer : b) Rs 500/
Description : Read everywhere about the death of Andy Vajna. It’s awful for me to see the wave of grievance happening during these posts. How are you doing with this?
Last Answer : Unfortunately, there are a lot of malicious people. And envy. Those who talk about it in hatred are exactly those who did not know it. Neither do I, but I don't judge a person I don't really know, this world is so sick unfortunately ... :(
Description : At constant temperature, a. Graph shows relation between pressure and volume. Represent the relation mathematically. b. Identify the law.
Last Answer : With the help of graph answer the following - At constant temperature, a. Graph shows relation between ... law. c. Write the statement of law.
Description : (i) A resolution passed by simple majority is called __________
Last Answer : Complete the sentences. (i) A resolution passed by simple majority is called __________ (ii) A ... of a member in a meeting is called ________
Description : (i) A person who presides over the meeting is known as _________
Last Answer : Complete the sentences. (i) A person who presides over the meeting is known as _________ ( ... which is changed due to amendment is called ________
Description : (i) A proxy can vote under the poll method.
Last Answer : State whether the following statements are True or False. (i) A proxy can vote under the poll ... v) Motion is a final decision of the meeting.
Description : (i) A list of items to be transacted at the meeting.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements. (i) A ... . (v) A motion finally passed at the meeting.
Description : (i) A Directors include whole-time employment of company is called WTD.
Last Answer : State whether the following statements are True or False. (i) A Directors include whole-time ... company is a general duty of the secretary.
Description : (i) A first secretary appointed by the promoter.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements. ... person nominated on the Board by a dominant shareholder.
Description : (i) A person can enter into a share purchase transaction on behalf of a minor.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements. (i) A ... (v) They can buy shares of an Indian company.
Description : (i) A constitution or charter of the company.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements. ( ... to subscribe for shares or debentures of the company.
Description : (i) A company shall be formed for any lawful purpose
Last Answer : State whether the following statements are True or False. (i) A company shall be formed for any ... ) First Director of the company appointed by ROC.
Description : (i) A business that is owned and managed by one person is called as ________
Last Answer : Complete the sentences : (i) A business that is owned and managed by one person is called ... two or more person collectivity is called as ________
Description : (i) A Joint Stock company is an artificial person created by law.
Last Answer : State whether the following statements are True or False : (i) A Joint Stock company is an ... number of membership is restricted to up to 50.
Description : (i) A company incorporated outside India.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements : (i ... having no limit on the liability of its member.
Description : (i) A type of secretary appointed by an institution.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements : (i ... is not supposed to be disclosed by the secretary.
Description : (i) A Copy Right is __________ Asset.
Last Answer : Fill in the blanks: (i) A Copy Right is __________ Asset. (ii) Wages paid for ... __________ (v) Return outward are deducted from _____________
Description : 1. A naturalist can study food habits and behaviour of animals in a
Last Answer : Multiple Choice Questions: 1. A naturalist can study food habits and behaviour of animals in a ... for identification of species found in an area.
Description : A calorie is a unit of heat and it equals 4.2 J, where 1 J = kg m^2 s^-2. A distant civilisation employs a system of units in which the units
Last Answer : A calorie is a unit of heat and it equals 4.2 J, where 1 J = kg m2 s-2. A distant ... energy. What will be the magnitude of calorie in their units?