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Q:

what is ratio 

Answer:



Q:

Accounting principles are generally based on

A) Convenience in recording B) Practicability
C) Subjectivity D) All of the above
 
Answer & Explanation Answer: B) Practicability

Explanation:
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Filed Under: Accounting and Finance
Exam Prep: Bank Exams

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Q:

Managerial accounting information is generally prepared for

A) creditors B) regulatory agencies
C) shareholders D) managers
 
Answer & Explanation Answer: D) managers

Explanation:

Managerial accounting information is generally prepared for managers of an organization. It is also known as cost accounting, is the process of identifying, measuring, analyzing, interpreting, and communicating information to managers for the pursuit of an organization's goals. 

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Filed Under: Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

What is cash budget ?

Answer

Cash budget is the budget which is prepared under the finance budget. It is an estimation of the expected cash receipts and cash payments during the budget period. By preparing cash budget it becomes possible for the organisation to predict whether at any point of time there will be excess or shortage of cash. Two main points should be remembered before preparing cash budget: Time period of the cash budget and the items to be included in the cash budget.

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Subject: Accounting and Finance Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank PO

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