Sawaal

 Accounts Payable Questions

Popular Latest Rated
Q:

Generally accepted accounting principles are

Answer

Generally Accepted Accounting Principles (GAAP) are basic accounting principles and guidelines are concepts that govern the field of accounting.


 


Accounting principles and guidelines include :


 


* Business Entity Assumption


* Accounting Period


* Historical Cost Concept


* Full Disclosure Principle


* Cost Principle


* Matching Principle


* Materiality


* Monetary Unit Assumption.

Report Error

View answer Workspace Report Error Discuss

Subject: Accounts Payable - Accounting and Finance Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 1470
Q:

The chart of accounts is designed to

A) alphabetized the accounts to make reading easier for its financial statement users B) summarize the transactions and determine their ending balances
C) meet the information needs of a company and other financial statement users D) analyse the accounts and organize them in order of dollar amount to simplify the accounting information for users
 
Answer & Explanation Answer: C) meet the information needs of a company and other financial statement users

Explanation:

The chart of accounts is designed to to meet the information needs of a company and other financial statement users.

Report Error

View Answer Report Error Discuss

Filed Under: Accounts Payable - Accounting and Finance
Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk , Analyst

0 1455
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.

Report Error

View Answer Report Error Discuss

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

1 1415
Q:

Which of the following bonds has the greatest interest rate price risk?

A) a 10 year, 5% coupon bond B) a 5 year, 5% coupon bond
C) a 5 year, 10% coupon bond D) a 10 year, 10% coupon bond
 
Answer & Explanation Answer: A) a 10 year, 5% coupon bond

Explanation:

A 10 year, 5% coupon bond has the greatest interest rate price risk.

Report Error

View Answer Report Error Discuss

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

0 1295
Q:

Which of the following is not a direct tax?

A) Sales tax B) Corporation tax
C) Wealth tax D) Estate tax
 
Answer & Explanation Answer: A) Sales tax

Explanation:

Direct tax is a tax directly paid to the government by the individuals or organizations on whom it is imposed. Sales Tax is paid for the sales of certain goods and services.

Report Error

View Answer Report Error Discuss

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

0 1273
Q:

Which of these is an example of eminent domain?

A) a corporator forces public for sell their lands to him B) a state forces people to sell their fields for building highway
C) Both A & B D) None of the above
 
Answer & Explanation Answer: B) a state forces people to sell their fields for building highway

Explanation:

A legal strategy that allows a government to grab hold of private property for public use is known as eminent domain. The seizing authority must pay fair market value for the property seized.

Report Error

View Answer Report Error Discuss

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

2 1218