Accounting and Finance Questions

Q:

How can investors receive compounding returns?

A) By investing their earnings back into their original investment B) By diversifying their investment portfolio
C) By selecting a savings account that has a higher interest rate D) By transferring their earnings back into high-risk investment
 
Answer & Explanation Answer: A) By investing their earnings back into their original investment

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

0 5194
Q:

What are steps to define supplier?

Answer

Supplier should follow the check list.

1. He should create confidence in the client mind
2. Services to be done (fulfilled in time)
3. Services to be done according the specification of the client
4. He should be placed the another order by doing the above three steps

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Subject: Accounts Payable

6 5130
Q:

What do you understand by Variance Report in payroll?

Answer

Variance Report is to know what is the difference between last month salary and the current month salary you can also check in that report all input which you have considered its captured or not

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1 5046
Q:

what type of account appear on a post closing trial balance?

Answer

The types of accounts that appear on the post-closing trial balance are the permanent accounts, Assets, Liability and Owner's capital. Permanent accounts is also called real accounts.

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Subject: Accounts Payable

22 4988
Q:

Which Bank has acquired payments wallet Freecharge for Rs. 373 crore in an all-cash deal ?

A) HDFC Bank B) Karnataka Bank
C) ICICI Bank D) Axis Bank
 
Answer & Explanation Answer: D) Axis Bank

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

15 4985
Q:

What is the full form of SOX and what does it means in Accounting ?

Answer

Sarbanes Oxley Act. Otherwise known as Public companies Accounting reforms and investor protection Act. It was enacted in 2002 in USA after lot of scams come up on accounting framework whereby investors lose faith and confidence on accounting disclosures.

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

9 4942
Q:

Which of these investments may pay dividends?

A) Savings account B) Stocks
C) Bonds D) Certificates of deposit
 
Answer & Explanation Answer: B) Stocks

Explanation:

Stock investment may pay the dividends.

The amount of dividend will be depended on how many stocks you own and how much is that's company net income in that year

For example :

If you own 15 % of the company, and the company announced that they will pay Rs. 1,00,000 as dividend this year, you will get dividend payment of Rs. 15,000.

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

2 4895
Q:

How Would You Assist an Employee Whose Tax Withholdings Are Inaccurate?

Answer

This question illustrates whether the applicant has experience changing employee income tax withholding amounts. The applicant should be able to describe the necessary forms to use and the process for changing the information in the payroll system.

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