Bank Clerk Questions

One the person or a animal who eats everything i.e, no kind of food is refused are called as Omnivores.

BSNL network partnered with Google for expanding WiFi footprint.

Punch-card ballots voting method was discontinued as a result of the Help America Vote Act because of some issues in the counting process by the tabulating machines.

Niacin is the name for vitamin(B3).

Liver can produce small amount of niacin from tryptophan.

To produce 1 mg of niacin we require 60 mg of tryptophan.

Accounts-receivable financing is a type of asset-financing arrangement in which a company uses its receivables — outstanding invoices or money owed by customers — to receive financing.

when a business sells its AR (accounts receivable) to a factoring company and receives short-term business funding in return, this is what called as Accounts Receivable Financing.

How it works ::

Business-to-business sales are often offered with payment terms of 30, 60 or 90 days.

The buyer receives the product, but doesn't submit payment until the mutually agreed-upon date.

The seller records the sale as revenues and increases the accounts receivable by the amount of the sale.

When the payment arrives, the seller decreases the accounts receivable and increases cash.

Accounts receivable financing allows the seller to get the cash immediately by selling the receivable to a third party. This is called factoring.

Among the given options, Tata Steel company received the award as one of the 2019 World’s Most Ethical Companies.