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Finance FAQs

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faq What is trickle down economics?

A derogatory term applied to Reaganomics, or supply-side economics, trickle-down economics is the theory that tax cuts for the wealthy merely "trickled down" to the bottom groups and that the rich benefited at the expense of the economy. Similar c......
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faq What does it mean when a rupee appreciate?

I think the answer to this question lies in the reasons, which are contributing to the rise and fall of a price of any commodity. India has now good amount of dollars and as such, demand of dollars has come down comparatively. ......
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faq What is the important of computerized accounting to manual?

Computerized accounting is quicker and easier than manual accounting and less subject to unintentional error. ......
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faq What is consumer demand?

Consumer Demand is how much of something that consumers are wanting. A company needs to know the consumer demand so they know how much of a product to make. ......
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faq What is capital gain?

Capital gain: when any capital asset is sold and it is sold at a higher price than its book value then that extra gain is called capital gain. The word profit generally means revenue profits. While capital gain is generally received infrequently ......
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faq What are the functions of manger -accounts and manager-finance? Explain in detail.

When we see their difference from broad organizational review, the function of accounts manager are- The approval of the accounting system utilization and calculated amounts in supportable documents ,for example in journal vouchers and the approva......
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faq What is bank reconciliation statement?

A Bank reconciliation statements are prepared if balance of bank account as shown in cashbook differs from balance as shown in passbook. This statement shows the reasons or transactions because of which balances as shown in cashbook and passbook a......
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faq How can you do credit control?

1. Make the creditor, your debtor
2. For good creditor, give discounts & offers
3. For bad creditor, inform your position of willingness but inability to sustain relationship keeping in mind our business position. ......
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faq What is your role in planning?

It is a common question in interview, based on CV Planning is a group work, so we find what work we done on the planning process. Every work is group work so we find what work we done in every part of Accounting. ......
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faq What are MIS reports and do you prepare it?

MIS is management information system. In addition, MIS report is reporting information of reports like efficiency of wing or a department of a company.

IF we take BPO (Call center) sector as example, MIS consists of efficiency of agents......
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