Description : (i) Bank Reconciliation Statement is prepared by Bank.
Last Answer : Do you agree or disagree with the following statements: (i) Bank Reconciliation Statement is ... balance in Pass Book represents overdraft balance.
Description : Which of the following might be considered a "red flag" indicating possible fraud in a large manufacturing company with several subsidiaries? a. A consistent record of above average ... payrolls by each subsidiary d. Complex sales-transactions and transfers of funds between affiliated companies
Last Answer : Complex sales-transactions and transfers of funds between affiliated companies
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.
Description : (i) Bank overdraft is an Asset of the business concern.
Last Answer : Correct and Rewrite the following statements: (i) Bank overdraft is an Asset of the business ... expenses, and purchase transferred to Trading A/c)
Description : (i) Bank A/c (ii) 12% Government Bonds A/c (iii) Carriage A/c
Last Answer : Classify the following accounts under the types of Personal, Real, and Nominal accounts : (i) Bank A/c ... (iv) Advertisement A/c (v) Conveyance A/c
Description : (i) Bills Payable A/c (ii) Bank of India A/c (iii) Carriage Inwards A/c
Last Answer : Classify the following accounts under the types of Personal, Real, and Nominal accounts : (i) Bills Payable ... Stock A/c (v) Accrued Interest A/c
Description : Which one of the following statements best describes the use of an issue log? a. A summary of all possible alternative resolutions of an issue. b. A summary of all the project issues, their ... for capturing all issues. d. A tool to ensure that the issue management process is adhered to.
Last Answer : b. A summary of all the project issues, their analysis and status.
Description : Summary of MO issue and payment is prepared in a) MO 17, MO 18 b) MO 15, MO 16 c) MO 12, MO 13 d) None of these
Last Answer : a) MO 17, MO 18
Description : If the maximum record retrieved property of the query is set to 10 then a summary value will be calculated?
Last Answer : Only for 10 records.
Description : Form ACG 33 is related with a. Cash Abstract in head Record b. HO Summary c. TCB
Last Answer : a. Cash Abstract in head Record
Description : A merchandising company using a perpetual system may record an adjusting entry by a. debiting Income Summary. b. crediting Income Summary. c. debiting Cost of Goods Sold. d. debiting Sales.
Last Answer : d. debiting Sales.
Description : An account bag from the SO to HO contain a) The SO daily A/c, MO issue journal, MO paid list. b) List of SB transactions/List of SB documents c) Memo of IPO, Certificate, issued and discharged d) A rolls, daily list of PLI premia collected and paid e) All the above
Last Answer : e) All the above
Description : Which of the following statements is not correct? A. For the purpose of Funds Flow Statement, the term 'fund ' generally refers to net working capital B. Funds flow is a wider concept than ... business D. The capitalisation of reserves by the issue of bonus shares also involves flow of funds
Last Answer : D. The capitalisation of reserves by the issue of bonus shares also involves flow of funds
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.
Description : Who will responsible for all the monetary transactions of the divisions and for the correctness of the accounts in RMS a. SRO b.SA c. Head Record Officer
Last Answer : c. Head Record Officer
Description : On October 4, 2008, Terry Corporation had credit sales transactions of $2,800 from merchandise having cost $1,900. The entries to record the day's credit transactions include a a. debit of $2,800 to ... c. debit of $1,900 to Merchandise Inventory. d. credit of $1,900 to Cost of Goods Sold.
Last Answer : b. credit of $2,800 to Sales.
Description : The basic function of management accounting is to: A. record all business transactions B. interpret the financial data C. assist the management in performing its functions effectively D. None of the above
Last Answer : C. assist the management in performing its functions effectively
Description : The prime function of accounting is to: A. record economic data B. provide the informational basis for action C. classify and record business transactions D. attain non-economic goals.
Last Answer : B. provide the informational basis for action
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
Description : Under Liberalised Remittance Scheme, PAN card need not be insisted upon for remittance made towards permissible current account transactions up to __________ A. USD 25,000 B. USD 20,000 C. USD 15,000 D. USD 10,000 E. None of the Above
Last Answer : A. USD 25,000 Explanation: PAN card need not be insisted upon for remittance made towards permissible current account transactions up to USD 25,000 per financial year.
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 features do you use while doing bank transactions?
Last Answer : This question is not specific enough to answer. Are you talking about online banking? Are you talking about going to the bank and talking to a teller? Drive through? Are you asking which of these are preferred?
Description : Pass Book is _________ of account holders transactions with bank.
Last Answer : Pass Book is _________ of account holders transactions with bank. (a) an extract (b) balance sheet (c) balance (d) mode
Description : If transactions not made by the cardholder appear on the statement of account the card holder should dispute them with the card issuing Bank within how many days of the transaction date?
Last Answer : 30
Description : What is the charge of Inward transactions at destination bank branches in NEFT? A. Rs.1 B. Rs.1.50 C. Rs.2 D. No Charge
Last Answer : D. No Charge Explanation: Inward transactions – Free, no charge to be levied.
Description : The practice of lending money to unrelated individuals, or “peers”, without going through a traditional financial intermediary such as a bank or other traditional financial institution is called__________ A. B2B transactions B. C2C transactions C. P2P lending D. PPP Model E. P2P Investing
Last Answer : C. P2P lending Explanation: P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders directly with borrowers.
Description : The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar ... . Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer
Last Answer : C. Online Payment Explanation: Services Offered by AEPS: Balance Enquiry Cash Withdrawal Cash Deposit Aadhaar to Aadhaar Fund Transfer Gateway Authentication Services
Description : Which bank recently tied up with Chillr for cashless transactions? A) Federal Bank B) DCB Bank C) IDFC Bank D) Karnataka Bank E) IndusInd Bank
Last Answer : A) Federal Bank Explanation: Federal Bank announced its partnership with with Chillr, a mobile banking application, to provide cashless transactions. Chillr, India s first and only multi-bank ... making money transfer between bank accounts easier, faster and safer than sending a text message.
Description : In Electronic cash payment a. a debit card payment system is used b. a customer buys several electronic coins which are digitally signed by coin issuing bank c. a credit card payment system is used d. RSA cryptography is used in the transactions
Last Answer : b. a customer buys several electronic coins which are digitally signed by coin issuing bank
Description : The __________ is sometimes considered to be the most important part of a marketing plan because it is often given to people outside the firm. A)SWOT analysis B)market analysis C)mission statement D)marketing strategy E)executive summary
Last Answer : E)executive summary
Description : The content of the final report typically includes the following topics __________. A. Executive summary B. review and analysis C. recommendations D. If all the above are correct.
Last Answer : D. If all the above are correct.
Description : While inquiring into a complaint information commissions have the power to a) Receive evidence on affidavit b) Requisition record or copies thereof from any court or office c) Issue summons for examination of witnesses or documents d) All the above
Last Answer : d) All the above
Description : Which of the following statements is/are correct? 1. A materials requisition note is used to record the issue of direct material to a specific job. 2. A typical job cost will contain actual costs for material, labour and production ... 1) and (2) only (c) (1) and (3) only (d) (2) and (3) only
Last Answer : (c) (1) and (3) only
Description : The use of the multiplier: A)allows a seller to increase prices without the buyers' being aware of it.> B)determines totals for groups of items that are priced similarly.> C)allows the seller to ... )aids a supplier in keeping an accurate record of how many customers are purchasing a group of items.
Last Answer : C)allows the seller to change prices without having to issue new price sheets.
Description : A marketing plan usually begins with a(n) A)executive summary. B)introduction to the company's marketing objectives. C)summary of current performance as compared with past performance. D)situation analysis. E)opportunity and threat analysis.
Last Answer : A)executive summary.
Description : The __________ property states that the system must have a mechanism to recover from committed transactions should that be necessary. a) Atomicity CSE-R17.BLOGSPOT.COM b) Consistencyc) Isolation d) Durability
Last Answer : Durability
Description : In a simple economy of five producers and five consumers, there would be __________ transactions possible without an intermediary and __________ transactions possible with one intermediary. A)ten; twenty-five B)thirty; ten C)twenty-five; fifteen D)sixteen; eight E)twenty-five; ten
Last Answer : E)twenty-five; ten
Description : Which one of the following transactions changes the current ratio ? (A) Purchase of goods for cash (B) Plant acquired on account (C) Sold goods on credit (D) Debentures converted into equity capital
Last Answer : Answer: Plant acquired on account
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
Last Answer : D. Capital account transaction
Description : Which of the following transactions is included in the current account balance of the Balance of payments statement? (a) Foreign direct investments. ; (b) Portfolio investments.; (c) External commercial borrowings. ; (d) Dividends earned on portfolio investments
Last Answer : (d) Dividends earned on portfolio investments
Description : Which bank has the sole right to issue currency in the country ?
Last Answer : The central bank has the sole right to issue currency.
Description : Letter requesting a bank to issue a Letter of Credit.
Last Answer : Letter requesting a bank to issue a Letter of Credit.
Description : Who is authorized to issue coins in India? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank
Last Answer : (2) Ministry of Finance Explanation: Coins may be coined at the Mint for issue under the authority of the Central Government, (of such denominations not higher than one hundred rupees), such ... the Ministry of Finance and bears the signature of the secretary. All currency notes are legal tender.
Description : Name the US based bank which has become the first bank to issue the first ever credit card to be used in Cuba? A) American Express B) SunTrust Bank C) Citigroup D) Stonegate Bank E) Wells Fargo
Last Answer : D) Stonegate Bank Explanation: Pompano Beach-based Stonegate Bank issued the first of its MasterCard credit cards for use in Cuba The South Florida bank was the first – and so far the only bank to launch a debit card for use by U.S. travelers in Cuba.
Description : Which of the following is a revenue receipt? a) Loan from the International Monetary Fund b) Grant from the World Bank c) Borrowing from the Public d) Public Issue of shares
Last Answer : b) Grant from the World Bank
Description : Which bank enjoys monopoly power of note issue? (a) NABARD. (b) Commercial Bank. © Central Bank. (d) Regional Rural Bank.
Last Answer : © Central Bank.
Description : Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.
Last Answer : © Issue of paper notes.
Description : Which bank enjoys monopoly power of note issue? (a) NABARD (b) Agricultural bank © Industrial bank (d) Central bank.
Last Answer : (d) Central bank.