What is the definition of a customer?

Q: What are the characteristics of good or useful information?

A:

Q: What are the responsibilities of an originator?

A: The originator's responsibilities are: Originator communicates with all borrowers of mortgage loans…

Q: What is the use of payment request forms?

A: Payment request form a requisition form used for the request for payment. This request is a non…

Q: What is credit quality, and how is it assessed?

A: Credit quality:   Credit quality defines how much a company is capable of repaying its debt on time…

Q: What is a segment of an organization?

A: Segment: A segment refers to a subsection of an organization. It can be any part or activity of the…

Q: What are agency problems?

A: Owners of the company are shareholders. The number of the shareholders for a corporation will be…

Q: What is responsibility accounting?

A:

Q: benefits and risks

A: There are many benefits in using digital payment to the customers, some major benefits are mentioned…

Q: What is managing underwriter?

A: Managing Underwriter: The leading company in a guaranteeing group, which creates the transaction and…

Q: What is the difference between "Comptroller" and "Controller"?

A: Meaning - Comptroller is the person responsible for audits and expenses of the government. The…

Q: What document initiates the billing process?

A:

Q: How efficient is an Analysis at the account level technique?

A: The question is to discuss efficiency of financial analysis at account level or based on the data…

Q: What is a T-account? What is it's purpose?

A: An account is Record of transactions whether cash or credit under a particular head of account like…

Q: What is a merchandiser?

A: Merchandiser is a business that purchases goods  and resells to customers…

Q: How to Determine the Transaction Price?

A: Definition:   Transaction price: Transaction price refers to the price that a corporation receives…

Q: What is the definition of bookkeeping?

A: Bookkeeping is considered as a part of accounting. It deals with the recording of day-to-day…

Q: What's control account?

A: Accounting means the summarizing, recording and analyzing of the all business transaction during a…

Q: When does an agency problem happen?

A: Agency problem is the probelm of difference in opinion of management and the shareholders.

Q: What is operating company?

A: The operating company  is the actual manufacturer of a product or service. The operating company is…

Q: What is a associated person of a broker or dealer?

A: Associated Person is anyone who is employed by the broker or dealer for the sale of futures in the…

Q: What is a transaction price?

A: Transaction price: It is the price of a service or a good which is expressed relative to the similar…

Q: Explain the legal distinction between an agent and a broker and give some example.

A: Agents and brokers are two different things and are two have different responsibilities and roles.

Q: What is identifying owner?

A: The answer is provided as follows:

Q: What is ALCO and what important duties do they perform?

A: A resource with economic value that a person, company, or country owns or controls with the…

Q: Who are the parties involved in consulting services? Explain.

A: Consulting business is the type of business which falls within the category of the services business…

Q: What is involved in the posting process?

A: Posting: Posting process means posting of all transactions of business into general ledgers. Every…

Q: What does Compensation for employee services includes?

A: Introduction Compensation is the cash paid to employees for their service that they provided for the…

Q: What is meant by the term responsibility accounting?

A: Introduction: responsibility accounting is the process of the controlling the cost by giving the…

Q: What is account?

A: The account is a very important term that is used in the accounting process. It includes assets,…

Q: What is Agency theory ?

A: Agency theory Agency theory explains the connection between the principal and agent. concerned…

Q: What is bookkeeping

A: Book Keeping is one of the functions of accounting.

Q: What are finanicial transactions?

A: Transaction process system: It is a transaction process system can be defined as a system which is…

Q: what is credit

A: Finance refers to the management of money and includes activities like lending, budgeting,…

Q: What is a control account?

A: Control account: It is a particular account that is recorded in the general ledger in a summarized…

Q: Which of the following are characteristics of consumer closed

A: answer   statement 2 is false  because no flexibility in timing , time is fixed.   statement 5 is…

Q: What are the revenue credits? Give an example?

A: Meaning of Revenue Credit:Revenue Credit refers to the payments received in advance for services…

Q: What is a fee income

A: Fee Income There are different ways an organisation can make the sources of income like sales…

Q: Who should select the contact user group—the vendor or the prospective user? Why?

A: Contact user groups are the groups containing list of current users being considered as an important…

Q: What is a contra account?

A:

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.