Sawaal
9
Q:

Sales commissions are classified as

A) Period costs B) Product costs
C) Indirect labour D) Overhead costs

Answer:   A) Period costs



Explanation:

A sales commission is money your small business pays an employee when she sells your products or services to customers. Sales commissions are classified as selling expenses which come under Period costs. A period cost is any cost that cannot be capitalized into prepaid expenses, inventory, or fixed assets.

Subject: Business Awareness
Job Role: Analyst
Related Questions
Q:

What is the most direct cause of customer loyalty?

 

A) Friendly staff B) High food safety standards
C) Good records D) Delicious food
 
Answer & Explanation Answer: B) High food safety standards

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Business Awareness
Exam Prep: Bank Exams

3 1743
Q:

The basic goal of integrated marketing communications is to

 

 

A) communicate the value proposition to the target market B) tell the world about your company
C) create desire D) manipulate consumers
 
Answer & Explanation Answer: A) communicate the value proposition to the target market

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Business Awareness
Exam Prep: Bank Exams

4 1565
Q:

As per the guidelines issued by the RBI in September 2017, all Peer-to-Peer lending (P2P) platforms will be treated as ______.

 

A) Payment Banks   B) Small Finance Banks  
C) NBFCs D) Regional Rural Banks
 
Answer & Explanation Answer: C) NBFCs

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Business Awareness
Exam Prep: Bank Exams

2 400
Q:

Business transaction are recorded

A) in chronological order B) at the end of the month
C) weekly D) any of the above
 
Answer & Explanation Answer: A) in chronological order

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Business Awareness
Exam Prep: Bank Exams

4 526
Q:

Which major bank has launched the 'Unnati Credit Card' in 2017 to enhance credit inclusion in India?

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

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Business Awareness
Exam Prep: Bank Exams

1 587
Q:

On a classified balance sheet, companies usually list current assets

A) in the order of acquisition. B) with the largest dollar amounts first.
C) in alphabetical order. D) in the order in which they are expected to be converted into cash.
 
Answer & Explanation Answer: D) in the order in which they are expected to be converted into cash.

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Business Awareness
Exam Prep: Bank Exams , CAT

3 459
Q:

A trial balance will not balance if

A) Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500. B) correct journal entry is posted twice
C) the purchase on credit basis is debited to purchases and credited to cash D) None of the above
 
Answer & Explanation Answer: A) Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500.

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Business Awareness
Exam Prep: Bank Exams

3 550
Q:

 In December 2017, as per the announcement made by the finance Ministry, nearly how much amount have banks lost on account of frauds in the fiscal 2016-17?

A) Rs 50,000 crore B) Rs 5000 crore
C) Rs 17,000 crore D) Rs 1,000 crore
 
Answer & Explanation Answer: C) Rs 17,000 crore

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Business Awareness
Exam Prep: Bank Exams

1 546