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Discuss the advantages of Computerised Accounting Systems over the Manual Accounting Systems.

Which of the following is not another name for journal?

If the due date is a public holiday, what will be the due date of the bill :

State the four basic requirements of a database application.

A machine costing Rs. 55,000 has an expected useful life of 10 years. Depreciation is calculated on the diminishing balance method at the rate of 25%. At the end of year 5 the machine was actually disposed of for Rs. 15,000. (Depreciation is charged in all years 1 - 5). The resulting gain or loss is ...........

Purchase of Office furniture of Rs 2000 has been debited to Office Expense account. It is :

A car worth Rs. 80,000 was brought into the business by Minesh during the year. Also, Rs. 20,000 was withdrawn during the year. If closing capital is Rs. 1,00,000, what shall be the opening capital?

Which of the following is incorrect?

List any five users who have indirect interest in accounting.

How will you define revenues and expenses?

Depreciation is charged on ___

Operating profit earned by M/s Arora & Sachdeva in 2015-16 was Rs. 17,00,000. Its non-operating incomes were Rs. 1,50,000 and non-operating expenses were Rs. 3,75,000. Calculate the amount of net profit earned by the firm

What is the cash book? Explain the types of the cash book.

The purchase of supplies i.e. goods for cash will result in a / an ___.

Distinguish between capital receipts and revenue receipts.

Find out (a) explicit cost and (b) implicit cost from the following:

(i) Investment in fixed assets 2000

(ii) Borrowings at 12% interest per annum 1500

(iii) Wages paid during the year 120

(iv) Annual rental value of the owner's

factory building 100

(v) Annual depreciation 100

(vi) Estimated annual value of the management

services of the owner 240

From the following information, calculate Cash Flow from Investing and Financing Activities:

During the year, a machine costing ₹ 10,000 was sold at a loss of ₹ 2,000. Depreciation on machinery charged during the year amounted to ₹ 6,000.

Confidence and trust that the reported information is a reasonable representation of the actual items and events, that have occurred, indicates which qualitative characteristic of accounting information.

Provision for taxation was Rs. 9,000 on 31-03-2017 and Rs. 6,000 on 31-03-2018. Income tax of Rs.5,000 was paid during the year. Then how much provision for taxation should be made during the year?

Describe various stages of stages of statistics and the tools used in it.

Calculate closing capital from the following information opening capital Rs 70,000, profit for the year Rs 20,000, drawings Rs 7,000. During the year proprietor sold ornaments of his wife for Rs 20,000 and invested the same in business.

If the total of the debit column in the trial balance is more than the credit column, the difference is placed to the_____ of suspense account so that the trial balance may tally.

इस
पाठ में बच्चों
की जो दुनिया
रची गई है वह
आपके बचपन की
दुनिया से किस
तरह भिन्न है?

तुम्हारे
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के युद्ध को कौन
रूकवा सकता था?
कैसे?

In a trial balance, always the debit column should match with the credit column.

What is book keeping? Explain its objectives.

From the following particulars, find balance as per cash book as at March 31, 2018.
(i) Credit balance as per pass book Rs 9,250
(ii) Credit card bill paid by bank Rs 3,200
(iii) Dividend received directly in bank Rs 2,500
(iv) Direct deposits by customers Rs 2,750

A truck is bought by the company for Rs. 2,75,000. It is estimated that the salvage value will be Rs. 10,000 at the end of its useful life which is 5 years. Calculate the amount of depreciation to be charged every year under SLM method.

A sales book is :

How bill of exchange is a convenient means of credit?

A monopoly firm has a total fixed cost of Rs 100 and has the following demand schedule:

Find the short run equilibrium quantity, price and total profit. What would be the equilibrium in the long run? In case the total cost is Rs 1000, describe the equilibrium in the short run and in the long run.

Rent paid on 1st October, 2014 for the year upto 30th September, 2015 was Rs. 1,200 and rent paid on 1st October, 2015 for the year up to 30th September, 2016 was Rs. 1,600. Find the rent payable as shown in the profit and loss account for the year ended 31st December.

An error involving short credit in an account is rectified by corresponding ___ In the same account by the amount that is in short.

Mr. A is the accountant of a company ABC ltd. Goods worth Rs 20,000 have been purchased of which goods worth Rs 2,000 are found to be obsolete & were sent back, but the same was not communicated to the accountant by the store manager of the company separately. rather he put a note at the back of the goods receipt slip. The accountant of the company recorded the value of goods at Rs 20,000 in the books of accounts. Which step of accounting process has gone wrong in the above situation?