Bank Clerk Questions


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.

Report Error

View answer Workspace Report Error Discuss

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

0 1698
Q:

Which of the following is an example of quantitative data?

A) Counter B) Measurement of physical objects
C) Data projection D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

An example of quantitative data is counter which couts the number of people or objects, measurement of physical objects like place length or area, data projection like what value of increase in sales or decrease in production, etc...

Report Error

View Answer Report Error Discuss

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

0 1697
Q:

For which branch of government is the president responsible?

A) Legislative B) Executive
C) Judicial D) All of the above
 
Answer & Explanation Answer: B) Executive

Explanation:

The president is responsible for the executive branch of the government. The three branches of the government are :

1. Legislative

2. Executive

3. Judicial

Report Error

View Answer Report Error Discuss

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

2 1695
Q:

The term Round Revolution is most closely associated with which among the following?

A) Eggs B) Tomato
C) Brinjal D) Potato
 
Answer & Explanation Answer: D) Potato

Explanation:
Report Error

View Answer Report Error Discuss

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

0 1693
Q:

World Hello Day is observed on

A) 21 Nov B) 20 Nov
C) 22 Nov D) 23 Nov
 
Answer & Explanation Answer: A) 21 Nov

Explanation:

World Hello Day is observed annually on 21st November to hope the conflicts must be settled by only conversations rather than use of force.

Report Error

View Answer Report Error Discuss

Filed Under: Important Days and Years
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 1693
Q:

A major purpose of cost accounting is to

A) measure, record and report product costs B) classify all the product costs
C) to provide information to stockholders for investment decisions D) All of the above
 
Answer & Explanation Answer: A) measure, record and report product costs

Explanation:

A major purpose of cost accounting is to measure, record and report product costs.

Report Error

View Answer Report Error Discuss

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

1 1692
Q:

Which of the following does not motivate entrepreneurs?

A) Security B) Profit
C) Freedom D) Innovation
 
Answer & Explanation Answer: A) Security

Explanation:

Security in a business does not motivate entrepreneurs. An entrepreneurs primary motivation to start a business is to be independent.

Report Error

View Answer Report Error Discuss

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

2 1689
Q:

The factors that affect worker productivity include

A) expenditures for best practices training B) base pay increases
C) the size of incentive payments per non-defective pair D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

The factors that affect worker productivity include the size of incentive payments per non-defective pair, base pay increases, how favorably a company's compensation package compares with the industry-average compensation package, and expenditures for best practices training.

Report Error

View Answer Report Error Discuss

Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams
Job Role: Analyst , Bank Clerk

2 1688