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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 3901. |
Single entry mai conversion method syllabus mai hai kya? |
| Answer» Noo its not there | |
| 3902. |
Please provide us lesson wise blue print of Accounts for final exams . |
| Answer» | |
| 3903. |
Causes of depreciation |
| Answer» Main causes of depreciation :Wear and tear. Any asset will gradually break down over a certain usage period, as parts wear out and need to be replaced. ...Perishability. Some assets have an extremely short life span. ...Usage rights. ...Natural resource usage. ...Inefficiency/obsolescence. | |
| 3904. |
What is accrued income |
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Answer» Income earned but not received Just as some of the expenses incurred during the year may not be settled in cash at the end of the year, similarly some incomes may have been earned but have not been received. Thus, accrued incomes are those incomes which have been earned during the accounting period but have not been received till the end of the accounting period. Such incomes are called \'Outstanding incomes\' or \'Incomes earned but not yet received\'. Common examples of such incomes are commission receivable, income on investments due but not yet received etc. As per the accrual concept of accounting, the full income of the period, both received and yet to be received, should be shown in the Final Accounts otherwise the profit and assets will remain understated. An adjusting entry passed is: |
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| 3905. |
A b c and d are partners sharing profits in the ratio 3 is to 3 is to 2 days trip to |
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| 3906. |
Concept of journal proper |
| Answer» | |
| 3907. |
D/B capital reserve and reserve capital |
| Answer» | |
| 3908. |
The entry of balance sheet recorded in journal proper??? |
| Answer» Nooo balance sheet is a part of final accounts | |
| 3909. |
What are vouchers? |
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Answer» The documents which give evidence or identification of transactions made in the journal entry called Voucher. voucher is a bond of the redeemable transaction type which is worth a certain monetary value and which may be spent only for specific reasons or on specific goods. Examples include housing, travel, and food vouchers. ... The term is also commonly used for school vouchers, which are somewhat different. |
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| 3910. |
What is modern approach |
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Answer» Please don\'t copy from Google Mr. Yaser Siddiquee . Any one get it from Google.It is clear in this answer that you have coppied it from BRAINLY.IN website.? Modern approaches to comparative politics are analytical, more probing and more systematic. In this approaches, scholars like David Easton, Stephen wasby focus on the periphery of the political institutions as well and seek to discover the relations with the political systems. This approaches lay emphasis on input-output, political development, and other associated things of political systems.Read more on Brainly.in - https://brainly.in/question/3080305#readmore |
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| 3911. |
DIFFERENCE BETWEEN CAPITAL RESERVE AND REVENUE RESERVE. |
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Answer» Thanks syed Capital Reserve - The benefits which we get from non-operating activities of business.It is also called the reserve of non-operating income in business.Revenue Reserve- The benefits which we get from day to day operations of business called Revenue reserve. It\'s also known as income from operating or trading activities in business. ANY ONE PLEASE ANSWER THE QUESTION?? |
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| 3912. |
Give one defination of single entry system |
| Answer» Single entry system of accounting is a system in which accounting records are not maintained according to double entry system of book keeping. | |
| 3913. |
Why do we write Assets = liab. + capital , as capital is also liab. ??? |
| Answer» Yes capital is also treated as liabilities in business due to business entity concept | |
| 3914. |
Unexpired insurance was Rs600 |
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Answer» Prepaid insurance A/c dr ₹600 To insurance A/c ₹600 Prepaid insurance a/c debit and insurance a/c credit |
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| 3915. |
Who is known as the father of accounting |
| Answer» Luca Pacioli is referred as the Father of Accountancy. He invented the double entry system of Book-Keeping. He is also called as father of Book - Keeping. | |
| 3916. |
60entries with journel ledger trial book balance cashbook balance sheet. |
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| 3917. |
Adjustment of bill dishonered in final a/c? |
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Answer» You are wrong it will appear in balance sheet (-from b/r and +to debtors) There is no entry in books of final account |
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| 3918. |
Bill was retained by Mr.x till the date of maturity than what is the entry of this line |
| Answer» Bank a/c dr. To Bills receivablea/c | |
| 3919. |
Formula of net sales |
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Answer» Net sales = cash sales+credit sales Net sales = cost of goods sold + gross profit |
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| 3920. |
How we can calculate profit and loss in depreciation |
| Answer» Dericiation+sold amount - bal b/d | |
| 3921. |
What is promisary note |
| Answer» A promisory note is an instrument in writing (not being a bank note or a currency note) containing an unconditional undertaking signed by the maker to pay a certain sum of money only or to the order of a certain person or to be the bearer of the instrument. | |
| 3922. |
What are the things on which GST is not levied |
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Answer» (1) Payment of wages and salaries (2) Supply of services to government (3) Electricity and water bills (4) Educational services (5) Health services Foods and medicine |
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| 3923. |
Transactions not recorded in cash book??? |
| Answer» credit sale and purchase or discount allowed and received | |
| 3924. |
What is the treatment of reserve in final acc |
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Answer» Liabilty Dr side of profit s loss a/c and balance sheet |
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| 3925. |
Provide depreciation on furniture 500 and on machinary 200 |
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Answer» Depreciation account will ne debited by rs.700 and furniture a/c will be credited by 500 and machinery account will be credited by 200 Give proper qus |
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| 3926. |
What is the most important theoretical chapter to study for exams |
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Answer» Chapter 1,2,basic of computer Rectification of errors Computers in accounting.?? Provisions and reserves Chapter 1 , 2 , and 3 |
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| 3927. |
under which accounting concept asset is recorded at cost even if Market price is more or less |
| Answer» Historical cost concept | |
| 3928. |
Where we will put Entry of octroi duty in trading profit and loss account? |
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Answer» In trading account debit side Trading to octroi |
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| 3929. |
What are the important practicalchapters of |
| Answer» Financial statements , Financial statements with adjustment , Bills of exchange , Bank reconciliation statement | |
| 3930. |
What is meant by book debt ?? |
| Answer» Money owed to a company by its customers, as shown in its financial records the amount of\xa0debt\xa0owed by a company to banks etc, as shown in its balance sheet. | |
| 3931. |
From the following trial balance extracted from the books of A |
| Answer» Trial balance ?????? | |
| 3932. |
What is government grant ? |
| Answer» Dictionary meaning:An award of financial assistance in the form of money by the federal government to an eligible grantee.Accounting treatment:Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate, which in the case of grants related to assets requires setting up the grant as deferred income or deducting it from the carrying amount of the asset. | |
| 3933. |
What is the proper defination of purchase book? |
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Answer» Thank you dear The book in which all the credit purchases are recorded is called as purchase book...? |
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| 3934. |
Dk goel practical question 1 |
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Answer» Financial statement with adj Kon sa chapter ka |
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| 3935. |
Sale of gokul parsad 1000 of wrongly debited to kanti parsad (please rectify these entry |
| Answer» Gokul prasad Dr. To kanti prasad Cr. | |
| 3936. |
The function of preparing trial balance are indespinsable give reason to your answer |
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| 3937. |
Cheque recieved endorced in full settlement. Double colum cash book ? |
| Answer» No entry in cash book | |
| 3938. |
What is journal proper ?? |
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Answer» Journal proper is book of original entry (simple journal) in which miscellaneous credit transactions which do not fit in any other books are recorded. It is also called miscellaneous journal. The form and procedure for maintaining this journal is the same that of simple journal. U get from any book of accountancy ? |
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| 3939. |
Paid telephone bill by cheque including CGST and SGST @6percent each |
| Answer» Telephone bill a/c Dr. Input cgst a/c Dr.Input sgst a/c Dr To bank a/c | |
| 3940. |
What is matching principal concept? |
| Answer» The matching concept is an accounting practice whereby firms recognize revenues and their related expenses in the same accounting period. Firms report "revenues," that is, along with the "expenses" that brought them. The purpose of the matching concept is to avoid misstating earnings for a period. | |
| 3941. |
Rectification of errors practicle |
| Answer» If you give me your phone number I\'ll watsaap you solutions for the whole book | |
| 3942. |
What is general reserve?? |
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Answer» Yes u can General reserve are those reserve which are created out of profit to meet out the unforseen contigencies. These reserves are also called \'\' free reserves \'\' or Contingency reserves. May i answer? |
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| 3943. |
Important theory topic of Accountof class 11th |
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Answer» IFRS, accounting principles, conventions, objective and limitation of accounting, etc...? Chapter 1,2,3 & source documents |
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| 3944. |
Treatment of reserve in final account if given in adjustment |
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Answer» Jasa provision ko karte hai na wasa he hoga reserves Reserves or provision dono same he hote hai |
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| 3945. |
What is the difference between computer and calculater |
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Answer» Computer is multitasking and calculator is not Computer deals with numbers and words.. And calculator only work with numbers |
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| 3946. |
Solution of question number 19 of 2018 accounts paper |
| Answer» | |
| 3947. |
by following prudence principle which another principle is violated.?? |
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Answer» how?? The disclosure principle |
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| 3948. |
What is the golden rule of accountancy |
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Answer» The following are the rules of debit and credit which guide the system of accounts, they are known as the Golden Rules of accountancy: First: Debit what comes in, Credit what goes out. Second: Debit all expenses and losses, Credit all incomes and gains. Third: Debit the receiver, Credit the giver. For personal account - debit the reciver , credit the giverFor real account - debit what comes in , credit what goes outFor nomial account - all expenses and looses are debit , all gain and profit are credit ? |
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| 3949. |
A drew a bill of $1000 on B |
| Answer» B accept the bill | |
| 3950. |
Rent paid 1500 General entry |
| Answer» Rent a/c. ...dr 1500 To cash a/c. 1500 Btw It\'s journal entry not general entry | |