Searching for "L"

Q:

What is Trial Balance?

Answer

It is statement of balances of all the accounts in the ledger prepared to prove the arithmetical accuracy of the books of accounts.


A trial Balance is a list of Debit and Credit or a list of Debit & Credit Balance of all the ledger accounts prepared on any particular date

Report Error

View answer Workspace Report Error Discuss

Subject: Finance

Q:

Who is a more senior creditor, a bondholder or stockholder?

Answer

According to the classification, the claim of bond holder should be accounted first. After fulfilling all the claims of bond holder company should look after the stock holder.

Report Error

View answer Workspace Report Error Discuss

Subject: Finance

Q:

What is Treasury Bills?

Answer

A Treasury Bill (known as T-Bill) is an instrument of money market, used to finance short term requirements of Government of a country. A T-Bill is issued at a rate lower than the Face value, and redeemed at Face value on maturity, this difference is the rate of interest on T-Bill. This rate of interest is called Risk free Rate of the country.


 

Report Error

View answer Workspace Report Error Discuss

Subject: Finance

Q:

What is the difference between JOURNAL ENTRY & LEDGER?

Answer

A journal is also called as a book of prime entry.Transactions occurred are first entered in this book to show which accounts should be debited and which should be credited.


on the basis of entries made in the journal, accounts are prepared, the book which contains the accounts is called a ledger. Transactions entered in the journal are classified according to their nature and posted in their respective accounts in ledger. it is also called as book of final entry.

Report Error

View answer Workspace Report Error Discuss

Subject: Finance

Q:

How would you go about greeting each customer who comes in the store?

Answer

If you want bonus points, make sure you address each side of this tricky two-part question. 


The first part is addressing how you make sure you greet each and every customer who enters the store, giving them personal attention.  


The second part is how you would actually greet them – what would you say to them? Would you alert them of your newest products, ask if they’re looking for anything in particular or need guidance while shopping, or alert them to who they can reach out to if they require any assistance in various departments?

Report Error

View answer Workspace Report Error Discuss

Subject: Retail

Q:

How do you go about familiarizing yourself with the products you sell?

Answer

Retail products often change seasonally.  Can you quickly update yourself on all the new information so you can be prepared to sell the new inventory to customers as soon as it lands on the shelf


 

Report Error

View answer Workspace Report Error Discuss

Subject: Retail

Q:

How will you make customers feel welcome in our store?

Answer

Countless potential customers in retail shops go unnoticed every day. It is often this attitude of indifference that leads people to shop at other places. Make sure that you have a candidate that will meet and greet your customers. Interviewees, let your personality shine here. Let your interviewer know that you are not afraid to introduce yourself to customers, and that you will not be hiding in the back restocking something.

Report Error

View answer Workspace Report Error Discuss

Subject: Retail

Q:

How do you get more retailers / customers for your business? What are the steps you would take?

Answer

Applicant should answer that being in a wholesale market, he/she would plan and direct advertising and promotional activities to attract more retailer suppliers. Promotional activities like posters, contests, coupons, give-away to create extra interest in the purchase of a product or services from customers or retailers.

Report Error

View answer Workspace Report Error Discuss

Subject: Retail