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Discuss the concept of imprest system in petty cash management.

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Important Questions on Economics

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What is the law of variable proportions?
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What does it mean to issue debentures at a discount and redeemable at a premium?
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Describe the process of balancing a cash book.
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Which of the following is an example of a financial objective of management?
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Explain the concepts of the short run and the long run.
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What does a bearer debenture mean?
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What is the law of diminishing marginal product?
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Define petty cash book and its purpose.
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What does ‘Issue of debentures for consideration other than cash’ mean?
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What is the purpose of maintaining a cash book?
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Explain the relationship between the marginal products and the total product of an input.
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State the meaning of principles of management.
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What is the meaning of ‘Debentures issued as a collateral security’?
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What is informal communication?
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What are the advantages of maintaining a petty cash book?
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What is meant by a debenture?
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What is the significance of the term 'contra entry' in accounting?
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Why is a bank column included in a double column cash book?
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Explain the difference between a single column and a double column cash book.
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Which style of leadership does not believe in use of power unless it is absolutely essential?