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Accounting Job Test Questions and Answers Part # 3 The important questions that are frequently asked in a recruitment test for accounting & financial jobs are given below. Hopefully, this will be of great value to you in preparation for your job tests and interviews. Note: Please wait a little bit to load the Questions. You will find answers after …

Accounting Job Test Questions and Answers Part # 2 The important questions that are frequently asked in a recruitment test for accounting & financial jobs are given below. Hopefully, this will be of great value to you in preparation for your job tests and interviews. Note: Please wait a little bit to load the Questions. You will find answers after …

Accounting Job Test Questions and Answers The important questions that are frequently asked in a recruitment test for accounting & financial jobs are given below. Hopefully, this will be of great value to you in preparation for your job tests and interviews. Note: Please wait a little bit to load the Questions. You will find answers after completing the test. …

Financial Reporting and Analysis by Charles H. Gibson 13th Edition Chapter # 6 – Liquidity of Short Term Assets P  6-1:  In this problem,  compute the acid-test ratio as follows:  Current  Assets -Inventory       Current Liabilities Required:  Determine the cost of sales of a firm with the following financial data. Current  ratio                …

FINANCIAL STATEMENT ANALYSIS IMPORTANT  SHORT QUESTIONS with Answers Q. 1: Why are notes to statements necessary? ANS: Footnotes (notes) increase the full disclosure of the statements by providing information on inventory and depreciation methods, subsequent events, contingent liabilities, etc. Q. 2: What are contingent liabilities? Are lawsuits against the firm contingent liabilities? ANS: Contingent liabilities are dependent on an occurrence …

 Define a business plan and reasons for writing a business plan? Answer: ‘’A business plan is a written document that describes all the aspects of a business venture in a concise manner’’ “A business plan is a written document that describes in detail how a business—usually a startup—defines its objectives and how it is to go about achieving its goals. …

 Define business plan. Explain the steps/ procedure/ guidelines for writing a business plan? ANSWER: A business plan is a written document that describes all the aspects of a business venture in a concise manner’’ normally Business plan consist of 25 to 35 pages that describes how a new business can be completed. In some professional areas the business plan is …

 Q. 8: What are the Techniques for generating an idea? ANSWER: In general, entrepreneurs identify more ideas than opportunities because many ideas are typically generated to find the best way to capitalize on an opportunity. Several techniques can be used to stimulate and facilitate the generation of new ideas for products, services, and businesses. Let’s take a   look at some …

What are the procedures or steps for starting up a small-scale business? ANSWER: A small-scale unit is normally a one-man show and even in the case of a partnership the activities are mainly carried out by the active partner and the rest are sleeping partners. The area of operation of small units is localized, catering to the local or regional …

Question 6: How does an entrepreneur stimulate the economy? ANSWER: 1-Investment – The entrepreneur has to invest in what is required for the economy. Economic progress will much depend upon his or her contributions. Any entrepreneur will invest in products and services which the people need. His or investment will ensure a better life for the people. More goods and …