Exams


Q:

What is 'Three-Way Match' refers in Acconting ?

Answer

In accounting, the Three-way Match refers to a procedure used when processing an invoice received from a vendor or supplier. The three-way match is an important step in safeguarding an organization's assets. The purpose of the three-way match is to avoid paying incorrect and perhaps fraudulent invoices.


Here Three-way refers to the three documents involved :


* Vendor's invoice which was received and will become part of an organization's accounts        payable if approved.


* Purchase order that was prepared by the organization.


* Receiving report that was prepared by the organization.


And Match refers to the comparison of the quantities, price per unit, terms, etc. appearing on the vendor's invoice to the information on the purchase order and to the quantities actually received.


After the vendor's invoice has been validated by the three-way match, it can be further processed for payment.

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

9 3304
Q:

The value of money varies

A) inversely with the price level B) directly with the price level
C) directly with the volume of employment D) directly with the interest rate
 
Answer & Explanation Answer: A) inversely with the price level

Explanation:
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Filed Under: Bank Interview
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0 3304
Q:

Where are Enzymes found?

A) food B) human body
C) medicines D) none
 
Answer & Explanation Answer: B) human body

Explanation:

Enzymes play an essential role in each living cell of our body. Enzymes are globular proteins that control biological reactions. These are of two types.

1. Intracellular enzymes

2. Extracellular enzymes

 

Intracellular enzymes are found inside the cell.

Extracellular enzymes act outside the cell.

 

Enzymes are produced by exocrine glands.

Digestive enzymes of diverse specificities are secreted by the salivary glands, stomach, pancreas, and the small intestine.

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk

5 3303
Q:

Consider the following statements about the Bureau of Pharma PSUs of India (BPPI):1. It is the implementing agency of Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP).2. It has registered as an independent society under the Societies Registration Act, 1860.Which of the statements given above is/are correct?

A) 1 only B) 2 only
C) Both 1 and 2 D) Neither 1 nor 2
 
Answer & Explanation Answer: C) Both 1 and 2

Explanation:

Bureau of Pharma PSUs of India (BPPI) is the implementing agency of Pradhan Mantri Janaushadhi Pariyojana (PMBJP). BPPI was established in December2008 under the Department of Pharmaceuticals, Government of India. The Bureau has been registered as an independent society under the Societies RegistrationAct, 1860 as a separate independent legal entity in April, 2010. BPPI follows the provisions of GFR, 2017 as amended from time to time, the CVC guidelines, and instructions from the Department of Pharmaceuticals.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

0 3303
Q:

MPG extension refers usually to what kind of file?

A) MS Office document B) Image file
C) Word Perfect Document file D) Animation/movie file
 
Answer & Explanation Answer: D) Animation/movie file

Explanation:
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Filed Under: Computer
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0 3303
Q:

Finger like ends of the fallopian tubes are called

A) Fimbriae B) Cysts
C) Papillae D) Labia
 
Answer & Explanation Answer: A) Fimbriae

Explanation:

The fimbriae of the uterine tube, also known as fimbriae tubae, are small, fingerlike projections at the end of the fallopian tubes, through which eggs move from the ovaries to the uterus.

The fimbriae are connected to the ovary.

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams
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4 3302
Q:

One who believes in fate?

A) determinist B) predestinarianist
C) fatalist D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

A person that believes completely in fate is a fatalist, or sometimes predestinarianist or determinist.

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Filed Under: English
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2 3300
Q:

Economists refer to purchases of stocks and bonds as investment.

A) TRUE B) FALSE
Answer & Explanation Answer: B) FALSE

Explanation:
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Subject: Bank Interview
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