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 Accounting and Finance Questions

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Q:

The accounting process is correctly sequenced as

A) Identifying→recording→communicating B) Identifying→communicating→recording
C) Communicating→Recording→Identifying D) Recording→Communicating→Identifying
 
Answer & Explanation Answer: A) Identifying→recording→communicating

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

0 1880
Q:

Standard deviation measures which type of risk?

A) Non diversifiable B) Economic
C) Systematic D) Total
 
Answer & Explanation Answer: D) Total

Explanation:

Standard deviation measures total risk in stocks.

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

1 1879
Q:

In recording an accounting transaction in a double-entry system

A) there must always be entries made on both sides of the accounting equation. B) the amount of the debits must equal the amount of the credits.
C) there must only be two accounts affected by any transaction. D) the number of debit accounts must equal the number of credit accounts.
 
Answer & Explanation Answer: B) the amount of the debits must equal the amount of the credits.

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

0 1871
Q:

Transfer payments are included in

A) Government subsidies B) GDP
C) Both A & B D) None of the above
 
Answer & Explanation Answer: A) Government subsidies

Explanation:

Transfer payments are included in GDP and not in GDP.

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

1 1855
Q:

Devaluation of currency leads to

A) increase in domestic prices B) erratic fluctuations in domestic prices
C) fall in domestic prices D) no impact on domestic prices
 
Answer & Explanation Answer: A) increase in domestic prices

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

1 1849
Q:

The balance of an account is determined by

A) Sum of credits and debits B) Difference of credits and debits
C) Product of credits and debits D) None of the above
 
Answer & Explanation Answer: B) Difference of credits and debits

Explanation:

The balance of an account is determined by the difference of credits amount and debits amount in the sheet.

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

0 1847
Q:

Which of the following statements about market segmentation is true?

A) It is a process of identifying and profiling distinct groups of buyers who differ in their needs and wants. B) It is a process of creating an image or identity of the product in the minds of the target market.
C) It is a process of evaluating each segment's attractiveness and selecting one or more to enter. D) It involves changing the identity of a product, relative to the identity of competing products, in the collective minds of the target market.
 
Answer & Explanation Answer: A) It is a process of identifying and profiling distinct groups of buyers who differ in their needs and wants.

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

1 1847
Q:

How to define payroll?

Answer

Payroll is defined as its a remuneration given for work done by individuals on daily,monthly,weekly etc....

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Subject: Payroll Interview

0 1817