Financial Management Interview Preparation Guide
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Financial Management frequently Asked Questions by expert members with experience in Financial Management. So get preparation for the Financial Management job interview

8 Financial Management Questions and Answers:

1 :: What is limit of petty cash book?

Petty cash is used to make cash payments to reimburse/pay
back employees who have paid for expenses on behalf of the
organization. The limit amount is often $50 or $100.
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2 :: I have received bill from civil work contractor in that they charges Service tax & vat on same amount and Please clarify?

yes. service tax is for service which they provide to you
and vat is WCT(works contract Tax)is for state,
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3 :: What do you mean by repo rate & reverse repo rate?

Repo rate the rate at which the RBI lends shot-term money
to the banks against securities.

Reverse Repo rate is the rate at which banks park their
short-term excess liquidity with the RBI.
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4 :: Explain How many types of account?

various types of accounts are....
1) demand deposits or current accounts
2) savings accounts
3) recurring deposits account
4) fixed deposits account
5) dormant accounts
6) joint accounts
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