Bank Exams Questions

Q:

Bad debt expense is reported on the income statement as

Answer

Bad debts expense often refers to the loss that a company experiences because it sold goods or provided services and did not require immediate payment. The loss occurs when the customer does not pay the amount owed. In other words, bad debts expense is related to a company's current asset accounts receivable.


 


You have already recorded the Rs. 100 in your accounts receivable, and you need to eliminate that amount. As you use double-entry accounting, you must record a Rs. 100 credit to your accounts receivable and a Rs. 100 debit to your allowance for doubtful accounts or your bad debts expense column.

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Subject: Accounts Receivable Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

The way criminal justice is designed and administered today _______________ serves any of the purposes for which it is set up: towards securing life and property. It does not ________________ criminals because of the delay and uncertainties involved in its processes and ridiculously ineffective punishments it imposes ____________________ those few who get convicted. It provides wide discretion to the police and the prosecution, __________________ the system vulnerable to corruption and manipulation and endangering basic ____________________ of innocent citizens.


today _______________ serves any of the purposes for which it is set up: towards securing life and property.

 

A) little B) only
C) hardly D) scantily
 
Answer & Explanation Answer: C) hardly

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

What is the average of 36, 43, 51, 68, and 77?

A) 47 B) 49
C) 55 D) 64
 
Answer & Explanation Answer: C) 55

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Filed Under: Average
Exam Prep: Bank Exams

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Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.

 

Cruddy

 

A) Creamy B) Dirty
C) Spotless   D) Greedy
 
Answer & Explanation Answer: B) Dirty

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Filed Under: English
Exam Prep: Bank Exams , GRE

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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.

 

If a country wants to

 

A-to listen to the World Bank, the

B-custodian of big business

C-prove it is business-friendly, it has

 

A) BCA B) CAB
C) BAC D) ACB
 
Answer & Explanation Answer: B) CAB

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Who has the record of highest number of Gold Medals in the history of Olympics?

A) Usain Bolt B) Michael Phelps
C) Larisa Latynina D) Ian Thorpe
 
Answer & Explanation Answer: B) Michael Phelps

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

Ajatashatru was the son of

A) Brahmadatta B) Bindusara
C) Bimbisara D) Chetaka
 
Answer & Explanation Answer: C) Bimbisara

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Filed Under: Indian History
Exam Prep: Bank Exams

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Q:

Which among the following is not an example of emulsion?

A) Chocolate-Milk B) Butter
C) Whipped Cream D) Curd
 
Answer & Explanation Answer: D) Curd

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Filed Under: Chemistry
Exam Prep: Bank Exams

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