Interview Questions

Q:

Invoice is an example of

A) Accounts Receivable B) Accounts Payable
C) Both A & B D) None of the above
 
Answer & Explanation Answer: A) Accounts Receivable

Explanation:
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Filed Under: Accounts Receivable
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Accounts Receivable financing is based on

Answer

Accounts-receivable financing is a type of asset-financing arrangement in which a company uses its receivables — outstanding invoices or money owed by customers — to receive financing.


when a business sells its AR (accounts receivable) to a factoring company and receives short-term business funding in return, this is what called as Accounts Receivable Financing.


 


How it works ::


Business-to-business sales are often offered with payment terms of 30, 60 or 90 days.


The buyer receives the product, but doesn't submit payment until the mutually agreed-upon date.


The seller records the sale as revenues and increases the accounts receivable by the amount of the sale.


When the payment arrives, the seller decreases the accounts receivable and increases cash.


Accounts receivable financing allows the seller to get the cash immediately by selling the receivable to a third party. This is called factoring.

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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:

what is ratio

Answer ratio means how much part of one thing with respect of other thing.
like if we have 12 pens & 6 boys are there then the ratio is 2:1
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Q:

What does Maturation refers to

Answer

Maturation refers to the ways in which we grow and develop throughout the lifespan.


 





      •  Maturation is the process of becoming mature; the emergence of individual and behavioral characteristics through growth processes over time.



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Q:

You can use display planner to

A) add ads B) research keywords
C) display network D) All of the above
 
Answer & Explanation Answer: C) display network

Explanation:

Display Planner is a free Google Ads tool you can use to plan your Display Network ad campaigns.

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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:

The first step in the marketing research process is to

A) Decide Research Approach B) Develop Research Plan
C) Define the Problem D) Collect Relevant Data and Information
 
Answer & Explanation Answer: C) Define the Problem

Explanation:

Marketing Research Process is a systematic method for planning and executing market research projects to inform business decisions.

 

The 5 Step Marketing Research Process :

 

  1. Define the Problem or Opportunity
  2. Develop Your Research Plan
  3. Collect Relevant Data and Information
  4. Analyze Data and Report Findings
  5. Take Action.
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Q:

What is separation in HRM?

Answer

Separation of an employee exists when the service of an employee comes to an end because of one reason or other. "Separation of employment" refers broadly to the process of managing the termination of employment. It is a sensitive issue for any organization. 


 


Types of separation:


 


1) Volunntary:


a) Resignation
b) Job abandonment
c) Retirement


 


2) Involuntary:


a) Layoff
b) Dismissal
c) Plant closure
d) Death or Disability.

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