InterviewSolution
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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Class 11 knowledge and support exam preparation. Choose a topic below to get started.
| 701. |
Practicle question |
| Answer» | |
| 702. |
What are assets |
| Answer» ASSETS ARE THE PROPERTY OWNED BY AN INDIVIDUAL OR BUSINESS WHICH CAN BE MEASURED IN TERMS OF MONEY.<br>Assets are the property of business | |
| 703. |
60 transaction |
| Answer» | |
| 704. |
In the trial blance rent is 22,000But in the adjustment rent is paid for 11 months. |
| Answer» Divide rent by months to find the rent for 1 mnth then it is said that one mnth rent is outstanding so keep that in outstanding rent in liab. And add in rent as outstandind rent. | |
| 705. |
What is dividend equalisation reserve |
| Answer» Dividend equalisation reserve is a specific reserve created to give dividend in case of low profits to preferential share holders. | |
| 706. |
Define deffered revenue expendature? |
| Answer» DEFERRED REVENUE EXPENDITURE IS A REVENUE EXPENDITURE IN NATURE BUT IS WRITTEN OFF IN MORE THAN ONE ACCOUNTING PERIOD BECAUSE IT IS ESTIMATED THAT BENEFIT OF SUCH EXPENDITURE WILL ACCRUE IN MORE THAN ONE FINANCIAL YEAR. EX- ADVERTISEMENT<br>The benefit of this type of expenditure will be taken for more than one or two years<br>Deffered revenue expenditure is revenue in nature but the benefit is taken more than one or two years | |
| 707. |
Give me some half yearly questions papers of.accountancy |
| Answer» | |
| 708. |
What is ledger??? |
| Answer» a ledger records classified and summarized financial information from journals as debits and credits, and shows their current balances. | |
| 709. |
Sold goods from Rs 22000 to Shyam. 60% on credit and balance in cash. Journal |
| Answer» Journal:shyam A/c Dr. Rs.13200 Cash A/c Dr. Rs. 8800 To Sales A/c Rs.22000 | |
| 710. |
Started cash to business |
| Answer» Cash a/c .....Dr To capital a/c | |
| 711. |
Why the bank charges must be subtracted to arrive bank balance? |
| Answer» | |
| 712. |
What is Stock ? |
| Answer» Goods lying unsold at the end of accounting period<br>Pure sall ka bacha hua godown mall | |
| 713. |
Write the process of preparing ledger from a journal. For 1mark |
| Answer» We have to make seperate account from each entry for debit as well as credit | |
| 714. |
what is noting charge? |
| Answer» Noting charges is the amount which is paid by the drawer or endorsee after the bills are dishonoured | |
| 715. |
Solved practical questions of the ch financial statement |
| Answer» | |
| 716. |
Return outward is debit or credit |
| Answer» Return outward means purchase return . As purchase is debit to reduce the amount of the good returned we have to credit<br>Credit<br>Return outward means purchase return ....<br>Debit<br>Credit | |
| 717. |
A sum of rs. 100 owned by hari not been included in list of debtors.Rectify it. |
| Answer» Bcoz it is a liability of hari...so it will be creditor not debtor... | |
| 718. |
Who was the father of double entry book keeping |
| Answer» Lucas pacioli | |
| 719. |
Again giving my whatsapp no. 8409226845 |
| Answer» | |
| 720. |
Purchased second hand machinery for rs 96000 |
| Answer» MACHINERY A/c96,000 Dr. TO CASH A/c 96,000<br>Bad debts a/c Dr to machinery a/c | |
| 721. |
Depriciation question 25 |
| Answer» Which book | |
| 722. |
Double entry system of accounting is based on the principle of dual aspect. Explain |
| Answer» Yes, both double entry system and dual concept states that every transaction has two aspects i.e dr. Item and cr. Item of equal amount | |
| 723. |
Project of accountancy |
| Answer» You can find some examples in T.S.Grewal | |
| 724. |
Why do we make provision for depriciation account when we can show it simply in machine account? |
| Answer» | |
| 725. |
Journalise the following transactions in the book of m/s beauti traders also post them in the ledger |
| Answer» You have to give us the transaction first. Lol<br>Where is trannsaction?? | |
| 726. |
Why do ee prepare leders |
| Answer» | |
| 727. |
On. January 1.2001 satkar transport Ltd purchase3bus |
| Answer» Purchases a/c...... drTo bank | |
| 728. |
Ncert Book Question number 15,16 ,17 |
| Answer» Which chapter | |
| 729. |
What is the format of depreciation |
| Answer» Date particular amt date particular amt<br>In debit and credit both side same<br>Date particulars amount<br>Format of depreciation | |
| 730. |
Q. No. 30 from T. S. Grewal\' latest edition. |
| Answer» Which chapter | |
| 731. |
Explain the need of accounting standards |
| Answer» uniformilylty<br>minimise diversity | |
| 732. |
Who is this ayush aggarwal? Don\'t u have any worthy questions to ask in the app?, |
| Answer» | |
| 733. |
Plz Dont Report on any one comment |
| Answer» How anyone can explain on this app ????<br>I knew this very clearly<br>Plz<br>Plz explain me cash book chapter in accountancy | |
| 734. |
Plz anybody give me class 11 accountancy sample paper of half yearly exam |
| Answer» Download from latest My Cbse Guide app | |
| 735. |
Please Load 11th class TS Grewal book solutions and notes |
| Answer» Check all answers on Google all answers are available<br>Download the app now | |
| 736. |
Paid cheque of ₹30,000 to Chaturvedi and availed discount 2%JOURNAL ENTRY |
| Answer» Wrong answer CORRECT ENTRY- CHATURVEDI A/c. Dr. 30,600. TO BANK A/c 30,000. TO DISCOUNT RECEIVED A/c 600<br>Chaturvedi Dr. 30,000 To Bank a/c. 29,400 To d/r. a/c. 600 | |
| 737. |
Tnks sakshi sharma |
| Answer» When u joined CBSE guide app<br>???<br>For yesterday journal entry answer | |
| 738. |
explain the need of IFRS? |
| Answer» IFRS specify exactly how accountants must maintain and report their accounts. IFRS were established in order to have a common accounting language, so business and accounts can be understood from company to company and country to country | |
| 739. |
Need about accountancy project in the app |
| Answer» Yess please help in project making | |
| 740. |
How to solve trial balance and ractefication error |
| Answer» | |
| 741. |
Plz make journal entry on....Rent due of ram |
| Answer» Rent A/c. Dr. To outstanding rent A/c<br>..................Dr. To .................. | |
| 742. |
Plz give practical problen solution according to sultan chand |
| Answer» https://play.google.com/store/apps/details?id=shrikalki.edumagzine.com.tsgrewalk112018<br>Download the latest ts grewal solution apk or go to meritnation website<br>Ts grewL | |
| 743. |
Which book is best for account in 11th |
| Answer» D.K.GOEL IS BEST BOOK FOR CLASS 11<br>Sc sharma is easy book ,ts grewal is hard book but best is dk goel for exam<br>Ts grewal scs publisher<br>Dk goel<br>D.k goel<br>S c sharma<br>D.K Goel APC Publications | |
| 744. |
Accounting equation Goods worth Rs 1000 was given away sumit for perso al use |
| Answer» Amount will be deducted from stock and capital | |
| 745. |
Solution of NCERT lesson no 3 numerical question question no 1 |
| Answer» | |
| 746. |
What is the meaning of capital |
| Answer» It is the amount invested by owner in the business . It may be in cash , goods , or assets etc<br>It is the amount which the introduced by owner or proprietor of the business. It can be in form of goods or plant and machinery , or cash and bank..<br>This Amount may be Cash or may be Goods.<br>Amount invested by proprietor or owner(s).<br>Money introduced by propiter for business | |
| 747. |
20 ch are not here in this book |
| Answer» | |
| 748. |
what are intangible assets? |
| Answer» The asset which does not has its physical existence like patents,goodwill,computer software etc<br>And these assets can\'t be converted into Cash<br>That assets we couldn\'t see and touch i.e. Goodwill, patent | |
| 749. |
what are provisions? |
| Answer» Which are made for known liabilities | |
| 750. |
Charge on drawings Rs.10,000 journal entry |
| Answer» Drawings A/c. DrTo charge on drawings A/c<br>Charge on drawing A/C Dr To capital<br>Interest on drawins A/C Dr To drawings A/C | |