IBM Accounts Payable Specialist Interview Questions and Answers

Capital market is a platform where long-term securities are traded between investors and issuers.

• It is a market for buying and selling of long-term securities such as stocks, bonds, and debentures.

• It provides a platform for companies to raise capital by issuing securities to investors.

• It helps in the efficient allocation of capital by directing savings towards productive investments.

• Examples include stock exchanges lik...read more

Debentures are a type of debt instrument issued by companies to raise funds from the public.

• Debentures are unsecured bonds that offer a fixed rate of interest to investors.

• They are issued by companies to raise long-term funds from the public.

• Debenture holders do not have any ownership rights in the company.

• They are usually listed on stock exchanges and can be traded like stocks.

• Examples of companies that issue debentur...read more

The Golden rule of accounting is to debit the receiver and credit the giver.

• It is a fundamental principle of accounting.

• It is used to record transactions in the correct way.

• It ensures that the accounting equation remains balanced.

• For example, when a company receives cash, it debits cash and credits the account that provided the cash.

• It is also known as the principle of reciprocity.

Accounts refer to financial records that track the flow of money in and out of a business or individual's finances.

• Accounts are used to keep track of financial transactions such as income, expenses, assets, and liabilities.

• There are different types of accounts such as checking, savings, credit, and investment accounts.

• Accounts are typically organized in a chart of accounts which categorizes them by type and purpose.

• Exa...read more