Bank Exams Questions

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Thiruvananthapuram, capital of Kerala has topped in city governance ranking of the Annual Survey of India’s City Systems (ASICS) 2016 conducted by Janaagraha Centre for Citizenship and Democracy. This year it was the fourth edition the annual survey which had evaluated 21 major cities from the 18 states. It highlighted inadequacies in urban governance that could affect public service delivery and quality of life.

Technically or logically it is possible only once. As if you subtract 5 from 25 at first te result will be 20. Now, you can't subtract 5 from 25 since the left number is 20.

But if you go mathematically, it can be done infinite times and only 5 times without going into the negatives.

The Debit balance recovery is usually made by raising a credit memo for the regular vendors. However if there are no future transactions from the supplier, we ask the vendor to send the check / make an EFT for the amount due from him. When payment is made to the wrong vendor or payment made in excess, in that case overpayment has gone to the vendor, so for us it is vendor debit balance. For debit balance recovery, we can either follow- up with the vendor to send us the excess amount / refund back, or we can adjust that extra amount in future invoices submitted by that vendor. In case no future transactions, we have to follow-up with the vendor, failing which we have to write off this amount. 

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.

In computer technology, a coding error in a computer program is called a bug.