AB Bank Recruitment Test for Asst.Officer Held on 10-01-2014
2.
What does the credit term 2/10, n/30 mean ?
[AB Bank Asst. Officer-2014 : 2014]
1. 2% discount on amount paid within 30 days
1
2. Due amount is to be paid within 30 days
2
3. 2% discount on amount paid within 10 days
3
4.
Working capital is calculated as: [AB Bank Asst. Officer-2014 : 2014]
1. Current assets minus current liabilities
1
2. Total assets minus total liabilities
2
3. Long term liabilities minus current liabilities
3
5.
Capital Expenditure is: [AB Bank Asst. Officer-2014 : 2014]
1. The extra capital paid in by the proprietor
1
2. The costs of running the business on a day-to-day basis
2
3. Money spent on Buying fixed assets or adding value in them
3
4. Money spent on selling fixed assets