Cash Management Interview Questions And Answers

Cash Management services include physical cash & check collection from your business premises to our designated cash centers and a host of online cash management solutions.

We give our customers the option to indicate their preferred time for cash collection and delivery between 11:00 hours and 19:00 hours. A daily service is then developed for each customer matching as closely as possible with the indicated preference time.

If all the information provided by you on cash collection receipt is complete and correct, cash collected can be credited to your account on the same day.

Yes you can appoint a representative to perform your transactions on your behalf. Your representative will then be responsible for any transactions carried through this connection.

Pooling service allows you a virtual consolidation of balances for reporting and analysis purposes. Pooling differs from Sweeping on that no funds movement occurs, the function is only of reporting nature.

This service allows you to move money between related accounts on a periodic basis.

Online cash management services include online, sweeping, pooling, transfers, payroll management, and bill payments.

online Cash Management Solution enables you to inquire in real-time, 24 hours a day, about various aspects of your cash management. It allows you to retrieve several types of statements and get transaction advice. You can download your statements directly to your computer for an offline review, whether for archiving or for accounting purposes.

A powerful search facility is available in all functions to view particular transactions or details by specifying date range, amount range or transaction type.

No, you do not need to have any in-house I.T. related development. All our services are web based applications.

The "draft capture system" pertains to credit cards. It is the closeout process on your credit card machine.

For any financial transaction there is a 3 level authorization process to provide greater control.

In CURRENT ACCOUNT bank doesn't give any interest, but there are few banks where you can have interest checking account.

The nature of some expenses is such that though they do not create an asset but their benefit is spread over more than one accounting period. These are mostly non-recurring and large in amount.

In such circumstances instead of debiting the entire amount of these expenses to Profit and Loss of the year, it may be spread over a number of years with a
proportionate amount being charged each year to P&L Account.

The portion that is still not charged to Profit and Loss is shown in the balance sheet on the asset side after Capital Work in Progress and is called
Deferred Expenditure.
Examples are Expenses incurred to start a business, Initial marketing cost to launch a product etc.

VAT (Value Added Tax): It is value added Tax. means total value which is added in goods price as a profit , on that value, the tax is paid is called VAT.

We can see it with example:
goods Purchase= 20000
Input Tax @ 4 % = 20000*4%= 800
now we sold this goods
Sale = 35000
Out put tax @ 4 % = 35000*4% = 1400

When we purchased Goods the saler collect a tax value from us as a sales tax. then we sold goods. we charge a tax amount in invoice. finally wen we pay tax to govt.
then total value of tax payble will be : Out put tax - Input Tax= 1400-800 = 600.

So Nett Tax payable Amount Is Rs. 600. this amount is a part of total value added in sales price not that sales price.
we can see it : Total Value add: Sales - Purchase = 35000-20000= 15000.
and tax amount on value added:15000*4 % = 600.
it has been proved that VAt Is an value added Tax.

Accrued Income- Dr. Accrued Interest Receivable
Cr. Interest Income
at the time of Interest posting: Dr. Customers Account
Cr. Accrued Interest Receivable

Accrued Expenses- Dr. Interest Expenses
Cr. Accrued Interest Payable
at the time of Interest posting: Dr. Accrued Interest Payable
Cr. Customers Account

Recording of all cash transactions in a Book by Casher is called "Cash Book" and coming to Pass Book, Recording of all bank transactions by a banker in a book, which is given by banker is called "Pass Book".

A required document to move a freight shipment. The bill of lading (BOL) works as a receipt of freight services, a contract between a freight carrier and shipper and a document of title. The bill of lading is a legally binding document providing the driver and the carrier all the details needed to process the freight shipment and invoice it correctly.

When a customer books a shipment with Freight quote, the bill of lading is automatically generated based on the shipment details entered during the quoting and booking process. The bill of lading should be provided to the carrier on pick up and will be delivered to the consignee on delivery.

A bill of lading is a statement to a company of merchandise coming into the store or warehouse. It lists what items that the store or warehouse has ordered, how many palettes the items fit on, and the total weight of the shipment. A shipping bill is the document showing the company or individual the amount he/she owes for each item they have ordered.

A discount is a reduction in the price that you pay in the store. A rebate is when you pay the full price in the store, but then the manufacturer refunds some of the price to you afterwards.

MIS report is known as Management Information System regarding the Manpower status of a particular month, place and overall.

It helps the Management in decision making like what are the reasons of resignation in which area attrition is high and so many things to help in decision making with the help of MIS you may prepare a lot of reports Like annual attrition region wise attrition region wise manpower graphical representation of regions manpower status and so on.

Prepare the same at your end. As it will help you to prepare other such formats too.
I am describing you the contents with sheet wise:

First Sheet-
Details of employee
a. E. Code b. Name of employee
c. Date of birth d. Designation e. CTC
f. Address for communication
g. Permanent address h. Contact number
i. Blood group j. Maximum qualification
k. Extra qualification l. Total Experience

Second Sheet-
Salary structure
In this sheet write down the complete salary structure.. and make a column what is salary after any revision

Third Sheet -
New JoineeS
In this sheet write down the name of New joinees of that month with detail
like
CTC,
Designation,
DOB n etc.

Forth Sheet -
Resigned employees
In this sheet write the name of employees who resigned during
that particular month with details like name, designation, date of joining,
Date of resignation, last working day.

Fifth sheet -
Attrition rate
Based on this MIS report, you may find out the attrition report, Qualification analysis reports, team management reports and so on can prepare a number of reports..