Bank Clerk Questions

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.

I.A<=B<=D, So D>=A is true.

II. E>B > C, So E > C is true.

In the early 7th century, 610 A.D Islam was founded and Prophet Muhammad was accredited for its origin. It is beleived that it was first origined in Mecca and Medina.

The interviewer is looking for similar things whether asking about company or position. The interviewer wants to :

- Learn about your career goals and how this position fits into your plan.

- Make sure that you are sincerely interested in the job and will be motivated to perform if hired.

- Find out what you know about the company, industry, position.

- Understand your priorities and preferences.

John Muir encouraged the establishment of various parks in the United States' National Park System, including the Yosemite and Sequoia National Parks.

Networking is a socioeconomic business activity by which businesspeople and entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures.

Examples of Business networks are ::

1. Casual contact networks

2. Strong contact networks

3. Community service clubs

4. Professional associations

5. Online/social media networks.