AIEEE Questions

Q:

Bad debt expense is reported on the income statement as

Answer

Bad debts expense often refers to the loss that a company experiences because it sold goods or provided services and did not require immediate payment. The loss occurs when the customer does not pay the amount owed. In other words, bad debts expense is related to a company's current asset accounts receivable.


 


You have already recorded the Rs. 100 in your accounts receivable, and you need to eliminate that amount. As you use double-entry accounting, you must record a Rs. 100 credit to your accounts receivable and a Rs. 100 debit to your allowance for doubtful accounts or your bad debts expense column.

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Subject: Accounts Receivable Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

The first official International Women’s Day took place in?

A) 1901 B) 1911
C) 1975 D) 1951
 
Answer & Explanation Answer: B) 1911

Explanation:

The first official International Women’s Day took place in 1911.

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Filed Under: Important Days and Years
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Q:

What international event led to the red scare?

A) Epidemic in Germany B) Revolution in Russia
C) Murder in Italy D) Election in Britain
 
Answer & Explanation Answer: B) Revolution in Russia

Explanation:

Revolution in Russia is the International event that led to the red scare.

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Filed Under: World History
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Q:

In which decade was the SPICE simulator introduced

A) 1962 B) 1972
C) 1982 D) 1992
 
Answer & Explanation Answer: B) 1972

Explanation:

SPICE (Simulation Program with Integrated Circuit Emphasis) was introduced in May 1972 by the University of Berkeley, California.

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Filed Under: World History
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Q:

One of the following is not a function of bones

A) Protection of vital organs B) Secretion of hormones for calcium regulation in blood and bones
C) Place for muscle attachment D) Production of blood corpuscles
 
Answer & Explanation Answer: B) Secretion of hormones for calcium regulation in blood and bones

Explanation:

Secretion of hormones for calcium regulation in blood and bones is not a function of a bone.

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Filed Under: General Science
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Q:

Which element has the lowest ionization energy?

A) He B) Ne
C) Fr D) Rb
 
Answer & Explanation Answer: C) Fr

Explanation:

Ionisation energy is the energy required to remove one mole of electrons from one mole of gaseous atoms. Atoms are more stable when they have full valence shells.


The ionization energy decreases from top to bottom in groups, and increases from left to right across a period.

 

HGence, in this trend Francium (Fr) has the lowest ionization energy.

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Filed Under: Chemistry
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Q:

Which of the following helped pottery flourish in Athens?

A) Athenians develoed a new, much faster potter's wheel B) They form a rough circular shape
C) As it is prone to cyclones D) None of the above
 
Answer & Explanation Answer: A) Athenians develoed a new, much faster potter's wheel

Explanation:

Athenians develoed a new, much faster potter's wheel which helped pottery flourish in Athens.

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Filed Under: World History
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Q:

Product costs are also called

A) Inventoriable Costs B) Voluntary Costs
C) Vulnerable Costs D) None of the above
 
Answer & Explanation Answer: A) Inventoriable Costs

Explanation:

Product costs are also called Inventoriable Costs, since the product costs are used to value their goods in inventory.

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Filed Under: Business Awareness
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