Q:

What do you mean by Mischarge Correction?

Answer

A mischarge correction is when the wrong account line was used or the wrong amount was entered. The account that was wrongly charged needs to be credited and the correct account needs to be debited. The information needs to be recorded and duly noted for your office and for the main office. A journal voucher, showing the correction, should be completed as soon as possible. The accountswill not balance at the end of the fiscal year if these corrections are not properly made.

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Subject: Accounts Payable

2 5215
Q:

Anil purchases two books for Rs.100. He sells first at loss of 5% and second al 20% profit. If he gets Overall profit of 5% then what is cost of first book?

A) 58 B) 60
C) 55 D) 45
 
Answer & Explanation Answer: B) 60

Explanation:

-5-----------------------5-------------------20

5-(-5) = 10

20-5= 15

Ratio of cost price of book1 and book2 = 3:2 

Then cost price of book 1 is given by

(3/5) x 100 = Rs. 60.

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

20 5215
Q:

A car parked in the sun with its windows closed gets terribly hot inside. This is due to 

A) the heat emitted by the engine B) the greenhouse effect
C) the good conducting power of the metal body D) the double layered wind shield
 
Answer & Explanation Answer: B) the greenhouse effect

Explanation:

The green house effect. The waves of smaller wavelength from the sun enter inside the car through the glass windows and are absorbed. The waves of larger wavelength emitted from inside cannot get out through the glass, but remain inside and make it terribly hot.

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Filed Under: Physics

8 5215
Q:

Improve the bracketed part of the sentence.

 

She emanated ebullience as she (learn) about her first rank in the exam.

A) learnt B) learning
C) had learn D) No improvement
 
Answer & Explanation Answer: A) learnt

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

0 5214
Q:

The World Food Prize is given by which of the following Organisations/World bodies

A) UNICEF B) Kraft general foods
C) FAO D) UNDP
 
Answer & Explanation Answer: B) Kraft general foods

Explanation:
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Filed Under: Honours and Awards

6 5214
Q:

Who expanded the cell theory and suggested that all the cells arise from pre-existing cells?

 

A) T. Schwann B) M. Schleiden
C) J. E. Purkinje D) Rudolf Virchow
 
Answer & Explanation Answer: D) Rudolf Virchow

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

0 5214
Q:

Who has become the first full time woman Defence Minister of India ?

A) Sushma Swaraj B) Nirmala Sitharaman
C) Uma Bharathi D) Smriti Irani
 
Answer & Explanation Answer: B) Nirmala Sitharaman

Explanation:

Nirmala Sitharaman, who took oath as the new Cabinet member in september 2017 under Narendra Modi, has been given the Defence Ministry portfolio. Incidentally, she has become the first dedicated woman defence minister of India and only the second woman to hold the crucial ministry after Indira Gandhi. 

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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

25 5213
Q:

Improve the bracketed part of the sentence.

 

According to an official spokesperson, polling was held amid tight security arrangements in 29 municipal councils and panchayats (over the State).

 

A) besides the State B) behind the State
C) across the State D) No improvement
 
Answer & Explanation Answer: C) across the State

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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