2551 + Interview Questions in Accountancy Page 10 InterviewSolution

451.	Whatare provisions? How are they created? Give accounting treatment incase of provision for doubtful Debts.
Answer» What are provisions? How are they created? Give accounting treatment in case of provision for doubtful Debts.

Discussion

452.	Standing orders for insurance premium of Rs 15,000 to be paid every month shall be _____
Answer» Standing orders for insurance premium of Rs 15,000 to be paid every month shall be _____

Discussion

453.	गिलहरी के घायल बच्चे का उपचार किस प्रकार किया गया?
Answer» गिलहरी के घायल बच्चे का उपचार किस प्रकार किया गया?

Discussion

454.	An asset can be obsolete while it is not fully depreciated. Comment.
Answer» An asset can be obsolete while it is not fully depreciated. Comment.

Discussion

455.	Describe the series of SQL statements to produce trial balance date base design for Model-II is used.
Answer» Describe the series of SQL statements to produce trial balance date base design for Model-II is used.

Discussion

456.

Prepare Journal from the transactions given below : Rs (a) Cash paid for installation of machine 500 (b) Goods given as charity 2,000 (c) Interest charge on capital 7% p.a. when total capital were 70,000 (d) Received Rs 1,200 of a bad debts written-off last year. (e) Goods destroyed by fire 2,000 (f) Rent outstanding 1,000 (g) Interest on drawings 900 (h) Sudhir Kumar who owed me Rs 3,000 has failed to pay the amount. He pays me a compensation of 45 paise in a rupee. (i) Commission received in advance 7,000

Answer»

Prepare Journal from the transactions given below :

		Rs
(a)	Cash paid for installation of machine	500
(b)	Goods given as charity	2,000
(c)	Interest charge on capital 7% p.a. when total capital were	70,000
(d)	Received Rs 1,200 of a bad debts written-off last year.
(e)	Goods destroyed by fire	2,000
(f)	Rent outstanding	1,000
(g)	Interest on drawings	900
(h)	Sudhir Kumar who owed me Rs 3,000 has failed to pay the amount. He pays me a compensation of 45 paise in a rupee.
(i)	Commission received in advance	7,000

Discussion

457.	Which of the following events represent business transaction:
Answer» Which of the following events represent business transaction:

Discussion

458.	Which of the following is not a benefit for preparation of Trial balance?
Answer» Which of the following is not a benefit for preparation of Trial balance?

Discussion

459.

Enter the following transactions in double column cash book of M/s Ambica Traders for July 2017: Rs 01 Commenced business with cash 50,000 03 Opened bank account with ICICI 30,000 05 Purchased goods for cash 10,000 10 Purchased office machine for cash 5,000 15 Sales goods on credit from Rohan and received cheque 7,000 18 Cash sales 8,000 20 Rohan’s cheque deposited into bank 22 Paid cartage by cheque 500 25 Cash withdrawn for personal use 2,000 30 Paid rent by cheque 1,000

Answer»

Enter the following transactions in double column cash book of M/s Ambica Traders for July 2017:

		Rs
01	Commenced business with cash	50,000
03	Opened bank account with ICICI	30,000
05	Purchased goods for cash	10,000
10	Purchased office machine for cash	5,000
15	Sales goods on credit from Rohan and received cheque	7,000
18	Cash sales	8,000
20	Rohan’s cheque deposited into bank
22	Paid cartage by cheque	500
25	Cash withdrawn for personal use	2,000
30	Paid rent by cheque	1,000

Discussion

460.	What is accounting? Define its objectives.
Answer» What is accounting? Define its objectives.

Discussion

461.	Is it correct to say that trial balance facilitates the preparation of financial statement ?
Answer» Is it correct to say that trial balance facilitates the preparation of financial statement ?

Discussion

462.	Tree diagram is in ............... way
Answer» Tree diagram is in ............... way

Discussion

463.	While trying to close his books for the year ended 31st March, 2014, Mahesh found that the Trial Balance did not agree. He traced the following errors:(i) In the Sales Book for the month of January total of Page No. 2 was carried forward to Page No. 3 as ₹ 1,000 instead of ₹ 1,200 and total of Page No. 6 was carried forward to Page No. 7 as ₹ 5,600 instead of ₹ 5,000.(ii) Goods returned to Ram ₹ 1,000 were recorded in the Sales Book.(iii) Bills Receivable for ₹ 1,600 from Noor was dishonoured and posted to debit of Allowances Account.Rectify the above errors.
Answer» While trying to close his books for the year ended 31^st March, 2014, Mahesh found that the Trial Balance did not agree. He traced the following errors: (i) In the Sales Book for the month of January total of Page No. 2 was carried forward to Page No. 3 as ₹ 1,000 instead of ₹ 1,200 and total of Page No. 6 was carried forward to Page No. 7 as ₹ 5,600 instead of ₹ 5,000. (ii) Goods returned to Ram ₹ 1,000 were recorded in the Sales Book. (iii) Bills Receivable for ₹ 1,600 from Noor was dishonoured and posted to debit of Allowances Account. Rectify the above errors.

Discussion

464.	What will be the book value of the asset as at the end of accounting period?
Answer» What will be the book value of the asset as at the end of accounting period?

Discussion

465.

Rectifythe following errors: (a) Credit Sales to Mohan Rs 7,000 were recorded in purchases book. (b) Credit Purchases from Rohan Rs 900 were recorded in sales book. (c) Goods returned to Rakesh Rs 4,000 were recorded in the sales return book. (d) Goods returned from Mahesh Rs 1,000 were recorded in purchases return book. (e) Goods returned from Nahesh Rs 2,000 were recorded in purchases book.

Answer»

Rectify
the following errors:

(a)	Credit Sales to Mohan Rs 7,000 were recorded in purchases book.
(b)	Credit Purchases from Rohan Rs 900 were recorded in sales book.
(c)	Goods returned to Rakesh Rs 4,000 were recorded in the sales return book.
(d)	Goods returned from Mahesh Rs 1,000 were recorded in purchases return book.
(e)	Goods returned from Nahesh Rs 2,000 were recorded in purchases book.

Discussion

466.	A purchases goods worth ₹ 6,200 from B and gives him his acceptance for ₹ 6,000 in full satisfaction. B purchases goods worth ₹ 10,000 from C and endorses the bill to him, paying the balance by cheque. On maturity the bill is dishonoured, noting charges amounted to ₹ 100.Give the Journal entries in the books of A, B and C.
Answer» A purchases goods worth ₹ 6,200 from B and gives him his acceptance for ₹ 6,000 in full satisfaction. B purchases goods worth ₹ 10,000 from C and endorses the bill to him, paying the balance by cheque. On maturity the bill is dishonoured, noting charges amounted to ₹ 100. Give the Journal entries in the books of A, B and C.

Discussion

467.	A company sold an asset for Rs 4,000, whose book value was Rs 3,000. Which of the following will be correct, if asset disposal account is maintained by the company.
Answer» A company sold an asset for Rs 4,000, whose book value was Rs 3,000. Which of the following will be correct, if asset disposal account is maintained by the company.

Discussion

468.	What are the different types of errors that are usually committed in recording business transactions?
Answer» What are the different types of errors that are usually committed in recording business transactions?

Discussion

469.	Identify the variation and solve. It takes 5 hours to travel from one town to the other if speed of the bus is 48 km/hr. If the speed of the bus is reduced by 8 km/hr, how much time will it take for the same travel?
Answer» Identify the variation and solve. It takes 5 hours to travel from one town to the other if speed of the bus is 48 km/hr. If the speed of the bus is reduced by 8 km/hr, how much time will it take for the same travel?

Discussion

470.	At the balance sheet date, the balance in the Accumulated Depreciation Account is:
Answer» At the balance sheet date, the balance in the Accumulated Depreciation Account is:

Discussion

471.	A potato seller purchased 80kg of potatoes from whole saler. During his retail sales 5kg of potatoes got rotten and were thrown out. At what rate per kg should be sell the remaining potatoes so as earn a profit of 10%on the whole?
Answer» A potato seller purchased 80kg of potatoes from whole saler. During his retail sales 5kg of potatoes got rotten and were thrown out. At what rate per kg should be sell the remaining potatoes so as earn a profit of 10%on the whole?

Discussion

472.	Explain the differences between the different generations of computers. How did science contribute to these developments?
Answer» Explain the differences between the different generations of computers. How did science contribute to these developments?

Discussion

473.	Which of the following is not true with regards to dishonor of a cheque?
Answer» Which of the following is not true with regards to dishonor of a cheque?

Discussion

474.

See if you understand what the following words that are parts of a house mean. Look up the dictionary if you don't. parlour foyer lounge porch lobby attic portico

Answer»

See if you understand what the following words that are parts of a house mean. Look up the dictionary if you don't.

parlour	foyer	lounge	porch
lobby	attic	portico

Discussion

475.	बालक द्वारा इनाम में लड्डू माँगने पर लेखक ने सुख की साँस क्यों भरी?
Answer» बालक द्वारा इनाम में लड्डू माँगने पर लेखक ने सुख की साँस क्यों भरी?

Discussion

476.

Make a suitable diagram of the following data on population in India: Year 1951 1961 1971 1981 1991 2001 2011 Population (crore) 36.1 43.9 54.8 68.3 84.6 102.8 121.0

Answer» Make a suitable diagram of the following data on population in India:

Year	1951	1961	1971	1981	1991	2001	2011
Population (crore)	36.1	43.9	54.8	68.3	84.6	102.8	121.0

Discussion

477.	Goods sold to Vijaya for Rs.45 was posted to her account as Rs.54. Suspense account shall be ___ By Rs ___
Answer» Goods sold to Vijaya for Rs.45 was posted to her account as Rs.54. Suspense account shall be ___ By Rs ___

Discussion

478.	त्रिपुरा'बहुधार्मिकसमाज'काउदाहरण कैसेबना?
Answer» त्रिपुरा 'बहुधार्मिक समाज' का उदाहरण कैसे बना?

Discussion

479.	The following are some of the transactions of M/s Kishore & Sons as per Waste Book. Make out their Sales Book: Sold to M/s Gupta & Verma on credit: 30 shirts 150 20 trousers 300 Less: Trade Discount 10%. Sold old furniture to MIs Sehgal & Co. on credit 800 Sold 50 shirts on credit to M/s Jain & Sons 150 each. Sold on credit to M/s Mathur & Jain 10 shirts 175 10 overcoats 500 Less: Trade Discount 10%.
Answer» The following are some of the transactions of M/s Kishore & Sons as per Waste Book. Make out their Sales Book: Sold to M/s Gupta & Verma on credit: 30 shirts 150 20 trousers 300 Less: Trade Discount 10%. Sold old furniture to MIs Sehgal & Co. on credit 800 Sold 50 shirts on credit to M/s Jain & Sons 150 each. Sold on credit to M/s Mathur & Jain 10 shirts 175 10 overcoats 500 Less: Trade Discount 10%.

479.

The following are some of the transactions of M/s Kishore & Sons as per Waste Book. Make out their Sales Book: Sold to M/s Gupta & Verma on credit: 30 shirts 150 20 trousers 300 Less: Trade Discount 10%. Sold old furniture to MIs Sehgal & Co. on credit 800 Sold 50 shirts on credit to M/s Jain & Sons 150 each. Sold on credit to M/s Mathur & Jain 10 shirts 175 10 overcoats 500 Less: Trade Discount 10%.

Answer»

The following are some of the transactions of M/s Kishore & Sons as per Waste Book. Make out their Sales Book:

Sold to M/s Gupta & Verma on credit:

30 shirts 150

20 trousers 300

Less: Trade Discount 10%.

Sold old furniture to MIs Sehgal & Co. on credit 800

Sold 50 shirts on credit to M/s Jain & Sons 150 each.

Sold on credit to M/s Mathur & Jain

10 shirts 175

10 overcoats 500

Less: Trade Discount 10%.

Discussion

480.	What all categories of CLEAR are recorded in balance sheet?
Answer» What all categories of CLEAR are recorded in balance sheet?

Discussion

481.	Look at the line “A novice might nonplus”. How would you write this ‘correctly’?Why is the poet’s ‘incorrect’ line better in the poem?
Answer» Look at the line “A novice might nonplus”. How would you write this ‘correctly’?Why is the poet’s ‘incorrect’ line better in the poem?

Discussion

482.

Following balances have been extracted from the trial balance of M/s Keshav Electronics Ltd. You are required to prepare the trading and profit and loss account and a balance sheet as on March 31, 2017. Account Title Amount Rs Account Title Amount Rs Opening stock 2,26,000 Sales 6,80,000 Purchases 4,40,000 Return outwards 15,000 Drawings 75,000 Creditors 50,000 Buildings 1,00,000 Bills payable 63,700 Motor van 30,000 Interest received 20,000 Freight inwards 3,400 Capital 3,50,000 Sales return 10,000 Trade expense 3,300 Heat and Power 8,000 Salary and Wages 5,000 Legal expense 3,000 Postage and Telegram 1,000 Bad debts 6,500 Cash in hand 79,000 Cash at bank 98,000 Sundry debtors 25,000 Investments 40,000 Insurance 3,500 Machinery 22,000 11,78,700 11,78,700 The following additional information is available :1. Stock on December 31, 2017 was Rs 30,000.2. Depreciation is to be charged on building at 5% and motor van at 10%.3. Provision for doubtful debts is to be maintained at 5% on Sundry Debtors.4. Unexpired insurance was Rs 600.5. The Manager is entitled to a commission 5% on net profit before charging such commission.

Answer»

Following balances have been extracted from the trial balance of M/s Keshav Electronics Ltd. You are required to prepare the trading and profit and loss account and a balance sheet as on March 31, 2017.

Account Title	Amount Rs	Account Title	Amount Rs
Opening stock	2,26,000	Sales	6,80,000
Purchases	4,40,000	Return outwards	15,000
Drawings	75,000	Creditors	50,000
Buildings	1,00,000	Bills payable	63,700
Motor van	30,000	Interest received	20,000
Freight inwards	3,400	Capital	3,50,000
Sales return	10,000
Trade expense	3,300
Heat and Power	8,000
Salary and Wages	5,000
Legal expense	3,000
Postage and Telegram	1,000
Bad debts	6,500
Cash in hand	79,000
Cash at bank	98,000
Sundry debtors	25,000
Investments	40,000
Insurance	3,500
Machinery	22,000
	11,78,700		11,78,700

The following additional information is available :

1. Stock on December 31, 2017 was Rs 30,000.

2. Depreciation is to be charged on building at 5% and motor van at 10%.

3. Provision for doubtful debts is to be maintained at 5% on Sundry Debtors.

4. Unexpired insurance was Rs 600.

5. The Manager is entitled to a commission 5% on net profit before charging such commission.

Discussion

483.	Ram endorsed the bill to Ramesh which got dishonoured. What will be the impact on Ramesh's account in Ram's books
Answer» Ram endorsed the bill to Ramesh which got dishonoured. What will be the impact on Ramesh's account in Ram's books

Discussion

484.

Mr. Akshat keeps his books on incomplete records following information is given below: April 01, 2016 March 31, 2017 Rs Rs Cash in hand 1,000 1,500 Cash at bank 15,000 10,000 Stock 1,00,000 95,000 Debtors 42,500 70,000 Business premises 75,000 1,35,000 Furniture 9,000 7,500 Creditors 66,000 87,000 Bills payable 44,000 58,000 During the year he withdrew Rs 45,000 and introduced Rs 25,000 as further capital in the business compute the profit or loss of the business.

Answer»

Mr. Akshat keeps his books on incomplete records following information is given below:

	April 01, 2016		March 31, 2017
		Rs		Rs
Cash in hand		1,000		1,500
Cash at bank		15,000		10,000
Stock		1,00,000		95,000
Debtors		42,500		70,000
Business premises		75,000		1,35,000
Furniture		9,000		7,500
Creditors		66,000		87,000
Bills payable		44,000		58,000

During the year he withdrew Rs 45,000 and introduced Rs 25,000 as further capital in the business compute the profit or loss of the business.

Discussion

485.	Statement: The company has decided to increase the price of all its products to tackle the precarious financial position. Assumptions: I. The company may be able to wipe out the entire losses incurred earlier by this decision. II. The buyers may continue to buy its products even after the increase. III. The company has adequate resources to continue production for few more months.
Answer» Statement: The company has decided to increase the price of all its products to tackle the precarious financial position. Assumptions: I. The company may be able to wipe out the entire losses incurred earlier by this decision. II. The buyers may continue to buy its products even after the increase. III. The company has adequate resources to continue production for few more months.

485.

Statement: The company has decided to increase the price of all its products to tackle the precarious financial position. Assumptions: I. The company may be able to wipe out the entire losses incurred earlier by this decision. II. The buyers may continue to buy its products even after the increase. III. The company has adequate resources to continue production for few more months.

Answer»

Statement: The company has decided to increase the price of all its products to tackle the precarious financial position.

Assumptions:

I. The company may be able to wipe out the entire losses incurred earlier by this decision.

II. The buyers may continue to buy its products even after the increase.

III. The company has adequate resources to continue production for few more months.

Discussion

486.	Green stripes could be used or alternatively black ones.
Answer» Green stripes could be used or alternatively black ones.

Discussion

487.	What is capiciator
Answer» What is capiciator

Discussion

488.	What is the correct full form of GAAP?
Answer» What is the correct full form of GAAP?

Discussion

489.	Journalise the following in the books of X:Y's acceptance for ₹ 2,00,000 which was discounted by X from the bank has been dishonoured, noting charges paid by bank being ₹ 100.
Answer» Journalise the following in the books of X: Y's acceptance for ₹ 2,00,000 which was discounted by X from the bank has been dishonoured, noting charges paid by bank being ₹ 100.

Discussion

490.	22. The cost of a machine depreciated by 4000 during 1st year and by 3600 during the second year calculate its cost at the end of the third year
Answer» 22. The cost of a machine depreciated by 4000 during 1st year and by 3600 during the second year calculate its cost at the end of the third year

Discussion

491.	Mr. X is a cloth merchant. His friend gifted him a shirt on his birthday. He is of the view that it is to be added to the value of stock of his shop. Is he correct ?
Answer» Mr. X is a cloth merchant. His friend gifted him a shirt on his birthday. He is of the view that it is to be added to the value of stock of his shop. Is he correct ?

Discussion

492.	Which of the following is a non-economic event?
Answer» Which of the following is a non-economic event?

Discussion

493.	Which of the following books does not record the movement of inventory?
Answer» Which of the following books does not record the movement of inventory?

Discussion

494.	53.What is mean by wattless
Answer» 53.What is mean by wattless

Discussion

495.	Name the table which has snapshots of totals.
Answer» Name the table which has snapshots of totals.

Discussion

496.	Errors of posting on wrong side are rectified by writing ___ Amount on the correct side.
Answer» Errors of posting on wrong side are rectified by writing ___ Amount on the correct side.

Discussion

497.	Activity − Let's make finger puppets.i. Draw your favourite bird on a sheet of paper, cut and colour it.ii. Take a strip of cloth or paper.iii. Paste the picture of the bird you have drawn on it.iv. Tie the two ends of the strip.v. Fix it on your fingers.vi. Your finger puppet is ready to talk.vii. Let your puppet fly along with your friends' puppets.
Answer» Activity − Let's make finger puppets. i. Draw your favourite bird on a sheet of paper, cut and colour it. ii. Take a strip of cloth or paper. iii. Paste the picture of the bird you have drawn on it. iv. Tie the two ends of the strip. v. Fix it on your fingers. vi. Your finger puppet is ready to talk. vii. Let your puppet fly along with your friends' puppets.

Discussion

498.

From the following information, calculate Proprietary Ratio: BALANCE SHEET OF FORTUNE LTD. as at 31st March, 2019 Particulars Note No. Amount (₹) I. EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Share Capital 6,00,000 (b) Reserves and Surplus 1,50,000 2. Current Liabilities (a) Trade Payables 1,00,000 (b) Other Current Liabilities 50,000 (c) Short-term Provisions (Provision for Tax) 1,00,000 Total 10,00,000 II. ASSETS 1. Non-Current Assets Fixed Assets (Tangible Assets) 5,00,000 2. Current Assets (a) Current Investments 1,50,000 (b) Inventories 1,00,000 (c) Trade Receivables 1,50,000 (d) Cash and Cash Equivalents 1,00,000 Total 10,00,000

Answer» From the following information, calculate Proprietary Ratio:

BALANCE SHEET OF FORTUNE LTD. as at 31st March, 2019
Particulars	Note No.	Amount (₹)
I. EQUITY AND LIABILITIES 1. Shareholders' Funds
(a) Share Capital		6,00,000
(b) Reserves and Surplus		1,50,000
2. Current Liabilities
(a) Trade Payables		1,00,000
(b) Other Current Liabilities		50,000
(c) Short-term Provisions (Provision for Tax)		1,00,000
Total		10,00,000
II. ASSETS
1. Non-Current Assets
Fixed Assets (Tangible Assets)		5,00,000
2. Current Assets
(a) Current Investments		1,50,000
(b) Inventories		1,00,000
(c) Trade Receivables		1,50,000
(d) Cash and Cash Equivalents		1,00,000
Total		10,00,000

Discussion

499.

X and Y are partners in a firm sharing profits in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2019 was as follows: Liabilities Amount (₹) Assets Amount (₹) Outstanding Rent 13,000 Cash 10,000 Creditors 20,000 Sundry Debtors 80,000 Workmen Compensation Reserve 5,600 Less : Provision for Doubtful Debts 4,000 76,000 Capital A/cs: X 50,000 Stock 20,000 Y 60,000 1,10,000 Profit and Loss A/c 4,000 Machinery 38,600 1,48,600 1,48,600 On 1st April, 2019, they admitted Z as a partner for 1/6th share on the following terms:(i) Z brings in ₹ 40,000 as his share of Capital but he is unable to bring any amount for Goodwill.(ii) Claim on account of Workmen Compensation is ₹ 3,000.(iii) To write off Bad Debts amounted to ₹ 6,000.(iv) Creditors are to be paid ₹ 2,000 more.(v) There being a claim against the firm for damages, liabilities to the extent of ₹ 2,000 should be created.(vi) Outstanding rent be brought down to ₹ 11,200.(vii) Goodwill is valued at 112 years' purchase of the average profits of last 3 years, less ₹ 12,000. Profits for the last 3 years amounted to ₹ 10,000; ₹ 20,000 and ₹ 30,000.Pass Journal entries, prepare Partners' Capital Accounts and opening Balance Sheet.

Answer» X and Y are partners in a firm sharing profits in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2019 was as follows:


Liabilities		Amount (₹)	Assets		Amount (₹)
Outstanding Rent		13,000	Cash		10,000
Creditors		20,000	Sundry Debtors	80,000
Workmen Compensation Reserve		5,600	Less : Provision for Doubtful Debts	4,000	76,000
Capital A/cs: X	50,000		Stock		20,000
Y	60,000	1,10,000	Profit and Loss A/c		4,000
			Machinery		38,600


		1,48,600			1,48,600

On 1st April, 2019, they admitted Z as a partner for 1/6th share on the following terms:

(i) Z brings in ₹ 40,000 as his share of Capital but he is unable to bring any amount for Goodwill.

(ii) Claim on account of Workmen Compensation is ₹ 3,000.

(iii) To write off Bad Debts amounted to ₹ 6,000.

(iv) Creditors are to be paid ₹ 2,000 more.

(v) There being a claim against the firm for damages, liabilities to the extent of ₹ 2,000 should be created.

(vi) Outstanding rent be brought down to ₹ 11,200.

(vii) Goodwill is valued at

1^{\frac{1}{2}}

years' purchase of the average profits of last 3 years, less ₹ 12,000. Profits for the last 3 years amounted to ₹ 10,000; ₹ 20,000 and ₹ 30,000.

Pass Journal entries, prepare Partners' Capital Accounts and opening Balance Sheet.

Discussion

500.

Which of the following do not form part of duty drawback scheme?(a) Refund of excise duties(b) Refund of custom duties(c) Refund of export duties(d) Refund of income dock charges at the port of shipment

Answer»

Which of the following do not form part of duty drawback scheme?

(a) Refund of excise duties

(b) Refund of custom duties

(c) Refund of export duties

(d) Refund of income dock charges at the port of shipment

Discussion

Explore topic-wise InterviewSolutions in .

Whatare provisions? How are they created? Give accounting treatment incase of provision for doubtful Debts.

Standing orders for insurance premium of Rs 15,000 to be paid every month shall be _____

गिलहरी के घायल बच्चे का उपचार किस प्रकार किया गया?

An asset can be obsolete while it is not fully depreciated. Comment.

Describe the series of SQL statements to produce trial balance date base design for Model-II is used.

Which of the following events represent business transaction:

Which of the following is not a benefit for preparation of Trial balance?

What is accounting? Define its objectives.

Is it correct to say that trial balance facilitates the preparation of financial statement ?

Tree diagram is in ............... way

What will be the book value of the asset as at the end of accounting period?

A company sold an asset for Rs 4,000, whose book value was Rs 3,000. Which of the following will be correct, if asset disposal account is maintained by the company.

What are the different types of errors that are usually committed in recording business transactions?

Identify the variation and solve. It takes 5 hours to travel from one town to the other if speed of the bus is 48 km/hr. If the speed of the bus is reduced by 8 km/hr, how much time will it take for the same travel?

At the balance sheet date, the balance in the Accumulated Depreciation Account is:

A potato seller purchased 80kg of potatoes from whole saler. During his retail sales 5kg of potatoes got rotten and were thrown out. At what rate per kg should be sell the remaining potatoes so as earn a profit of 10%on the whole?

Explain the differences between the different generations of computers. How did science contribute to these developments?

Which of the following is not true with regards to dishonor of a cheque?

See if you understand what the following words that are parts of a house mean. Look up the dictionary if you don't. parlour foyer lounge porch lobby attic portico

बालक द्वारा इनाम में लड्डू माँगने पर लेखक ने सुख की साँस क्यों भरी?

Make a suitable diagram of the following data on population in India: Year 1951 1961 1971 1981 1991 2001 2011 Population (crore) 36.1 43.9 54.8 68.3 84.6 102.8 121.0

Goods sold to Vijaya for Rs.45 was posted to her account as Rs.54. Suspense account shall be _ By Rs _

त्रिपुरा'बहुधार्मिकसमाज'काउदाहरण कैसेबना?

What all categories of CLEAR are recorded in balance sheet?

Look at the line “A novice might nonplus”. How would you write this ‘correctly’?Why is the poet’s ‘incorrect’ line better in the poem?

Ram endorsed the bill to Ramesh which got dishonoured. What will be the impact on Ramesh's account in Ram's books

Green stripes could be used or alternatively black ones.

What is capiciator

What is the correct full form of GAAP?

Journalise the following in the books of X:Y's acceptance for ₹ 2,00,000 which was discounted by X from the bank has been dishonoured, noting charges paid by bank being ₹ 100.

22. The cost of a machine depreciated by 4000 during 1st year and by 3600 during the second year calculate its cost at the end of the third year

Mr. X is a cloth merchant. His friend gifted him a shirt on his birthday. He is of the view that it is to be added to the value of stock of his shop. Is he correct ?

Which of the following is a non-economic event?

Which of the following books does not record the movement of inventory?

53.What is mean by wattless

Name the table which has snapshots of totals.

Errors of posting on wrong side are rectified by writing ___ Amount on the correct side.

Which of the following do not form part of duty drawback scheme?(a) Refund of excise duties(b) Refund of custom duties(c) Refund of export duties(d) Refund of income dock charges at the port of shipment

Explore topic-wise InterviewSolutions in .

Whatare provisions? How are they created? Give accounting treatment incase of provision for doubtful Debts.

Standing orders for insurance premium of Rs 15,000 to be paid every month shall be _____

गिलहरी के घायल बच्चे का उपचार किस प्रकार किया गया?

An asset can be obsolete while it is not fully depreciated. Comment.

Describe the series of SQL statements to produce trial balance date base design for Model-II is used.

Which of the following events represent business transaction:

Which of the following is not a benefit for preparation of Trial balance?

What is accounting? Define its objectives.

Is it correct to say that trial balance facilitates the preparation of financial statement ?

Tree diagram is in ............... way

What will be the book value of the asset as at the end of accounting period?

A company sold an asset for Rs 4,000, whose book value was Rs 3,000. Which of the following will be correct, if asset disposal account is maintained by the company.

What are the different types of errors that are usually committed in recording business transactions?

Identify the variation and solve. It takes 5 hours to travel from one town to the other if speed of the bus is 48 km/hr. If the speed of the bus is reduced by 8 km/hr, how much time will it take for the same travel?

At the balance sheet date, the balance in the Accumulated Depreciation Account is:

A potato seller purchased 80kg of potatoes from whole saler. During his retail sales 5kg of potatoes got rotten and were thrown out. At what rate per kg should be sell the remaining potatoes so as earn a profit of 10%on the whole?

Explain the differences between the different generations of computers. How did science contribute to these developments?

Which of the following is not true with regards to dishonor of a cheque?

See if you understand what the following words that are parts of a house mean. Look up the dictionary if you don't. parlour foyer lounge porch lobby attic portico

बालक द्वारा इनाम में लड्डू माँगने पर लेखक ने सुख की साँस क्यों भरी?

Make a suitable diagram of the following data on population in India: Year 1951 1961 1971 1981 1991 2001 2011 Population (crore) 36.1 43.9 54.8 68.3 84.6 102.8 121.0

Goods sold to Vijaya for Rs.45 was posted to her account as Rs.54. Suspense account shall be ___ By Rs ___

त्रिपुरा'बहुधार्मिकसमाज'काउदाहरण कैसेबना?

What all categories of CLEAR are recorded in balance sheet?

Look at the line “A novice might nonplus”. How would you write this ‘correctly’?Why is the poet’s ‘incorrect’ line better in the poem?

Ram endorsed the bill to Ramesh which got dishonoured. What will be the impact on Ramesh's account in Ram's books

Green stripes could be used or alternatively black ones.

What is capiciator

What is the correct full form of GAAP?

Journalise the following in the books of X:Y's acceptance for ₹ 2,00,000 which was discounted by X from the bank has been dishonoured, noting charges paid by bank being ₹ 100.

22. The cost of a machine depreciated by 4000 during 1st year and by 3600 during the second year calculate its cost at the end of the third year

Mr. X is a cloth merchant. His friend gifted him a shirt on his birthday. He is of the view that it is to be added to the value of stock of his shop. Is he correct ?

Which of the following is a non-economic event?

Which of the following books does not record the movement of inventory?

53.What is mean by wattless

Name the table which has snapshots of totals.

Errors of posting on wrong side are rectified by writing ___ Amount on the correct side.

Which of the following do not form part of duty drawback scheme?(a) Refund of excise duties(b) Refund of custom duties(c) Refund of export duties(d) Refund of income dock charges at the port of shipment

Goods sold to Vijaya for Rs.45 was posted to her account as Rs.54. Suspense account shall be _ By Rs _