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.
| 4351. |
Why i cant download the notes of accountancy for class 11 |
| Answer» | |
| 4352. |
why goodwil when paid privately it was not recorded in books |
| Answer» | |
| 4353. |
Commerse mai konsi konsi books padhni padti hai |
| Answer» Economics, business studies, accountancy and english are compulsory. You have to take 2 more subjects like Fine arts (painting ) and Physical education.<br>1 ) Economics ( 2 ) Business Studies ( 3 ) Accountancy .....These three are compulsory and some optional subjects are mathematics , entrepreneurship , english , physical education .<br>Aapne ne 11 kar li shayad<br>Tumhe ya bhi nahi pata ,accounts ,bussiness studies and economices or concept accha sa clear karna ka liya refernce books with ncert | |
| 4354. |
Pass a journal entry on paid cash rs. 58200 to Mansi after a cash discount of 6% |
| Answer» | |
| 4355. |
Liability |
| Answer» | |
| 4356. |
Is GST tsx included in cost of INSURANCE PREMIUM? |
| Answer» Yes | |
| 4357. |
Project file in accounts is computerised or hand written plz answer |
| Answer» It is the choice odlf the business organisationBut they prefer computerized as it reduces the chances of error | |
| 4358. |
Write the history and development of accounting |
| Answer» | |
| 4359. |
please explain the difference of debit and credit in voucher |
| Answer» | |
| 4360. |
Explain the Golden Rules? |
| Answer» Important rule | |
| 4361. |
What are the examples of assets a/c |
| Answer» Tv ,ac these all are our assets | |
| 4362. |
Examples of assets, liabilities, capital, revenue, or expense A/c |
| Answer» | |
| 4363. |
Difference between full disclosure principle and materiality principle |
| Answer» | |
| 4364. |
Deposite cheque from saving account as capital |
| Answer» | |
| 4365. |
Meaning of receipts |
| Answer» | |
| 4366. |
Sold goods to dilip at the list price of Rs.62,000 for 60,000 |
| Answer» ha | |
| 4367. |
Explain why a woolen garmentkeeps us warm in winter |
| Answer» | |
| 4368. |
Pass the entrySalary paid on behalf of person Rs.4000 |
| Answer» Salary a/c Dr. To cash | |
| 4369. |
Sold goods on credit |
| Answer» ....<br>Debtors A/C. DR TO Sales A/C | |
| 4370. |
What is accounting?define its objectives? |
| Answer» Accounting is a systematic process of identifying, measuring , recording , classifying and summarising inteprating and communicating financial information to the users of such financial information | |
| 4371. |
Interest on loan (300)6%,is unpaid for 6 month. |
| Answer» | |
| 4372. |
Which is important ch for account |
| Answer» Ch19 financial account with adjustment is imp<br>All ch.....main are RectificationBills of exchangeImcomplete recoredDepFinancial statement | |
| 4373. |
Depreciation provision plant account |
| Answer» | |
| 4374. |
What is the journal entry of preeti was paid cash Rs.2800 |
| Answer» Preeti A/c. Dr. 2800 To Cash A/c 2800<br>Preeti A/C. Dr.. 2800 To cash. 2800I think this should be the correct ans | |
| 4375. |
how we adjust CGST,SGST,IGST |
| Answer» | |
| 4376. |
what is going concern assumption |
| Answer» Business will continue to exist for a long time in the future and there is no intension to close it or reduce its size sognificantly.<br>This concept assumes that an enterprise has an indefinite life or existence. It means that the intentions of the business are to continue for sufficiently longer period of time. It will not be dissolved or liquidated in the immediate future. If a machinery purchased is expected to last (to be used for) next 10 year, then the cost of machinery will be spread over the next 10 year for calculating net profit or loss of each year (Dep. Charged.)The full cost of the machine would not be treated as expense in the year of purchase itself. Market value of the asset is irrelevant and is not recorded in the balance sheet, as these assets are not going to be sold in the near future. | |
| 4377. |
Trial balance is an a/c . |
| Answer» No trial balance is not an account.It is just a statement prepared to check the arithmetical accuracy of all ledger accounts. | |
| 4378. |
What is incomplete records |
| Answer» Single entry recording system | |
| 4379. |
How many days of grace pervison is given payment of bill of exchange? |
| Answer» 3 days<br>3 days<br>3<br>Three | |
| 4380. |
What is the meaning of pay in bill? |
| Answer» Used to deposit money into bank | |
| 4381. |
Need for accounting |
| Answer» To know where the money goes.To know about due payments.To understand business health and also for manage income and expenses..... | |
| 4382. |
Book keeping |
| Answer» It isan art of recording in the books of account | |
| 4383. |
Whai is capital receipt |
| Answer» | |
| 4384. |
Follow on instagram @imrealyash for any questions about commerce 11th class |
| Answer» | |
| 4385. |
Suspense account means |
| Answer» When there is a difference between balance of trail balance then a account is made and the diffrence is enterd the account is called suspence account | |
| 4386. |
Cbse theoritical important questions |
| Answer» | |
| 4387. |
What is bank charges |
| Answer» The charges lavied by bank on an overdraft | |
| 4388. |
In depreciation whar is initial cost |
| Answer» | |
| 4389. |
Cash book chapter in t.s grewals with gst 8th sum...can anyone solve it?? |
| Answer» Isme kya prblm hai ?? | |
| 4390. |
Bills payable in trial balance which side show |
| Answer» credit side<br>Credit<br>Credit<br>Credit | |
| 4391. |
Define the following transactions a) capital expenditure b) differed revenue expenditure |
| Answer» | |
| 4392. |
Define the following accounting principles a) historical cost b) matching concept |
| Answer» | |
| 4393. |
Distinguish between revenue reserve and capital reserve? |
| Answer» \tCapital ReserveRevenue ReserveDefinitionA capital reserve is created to finance long term projects for a businessRevenue reserve is created to meet unforeseen events in a business organisationReserve SourceTo meet the specific purpose of meeting the accounting principlesTo be used as reinvestment for companyTenureCan be used for long term projectsCan be used for short term purposeFor dividend payoutCannot be distributed as dividendCan be used for dividend payoutExampleCapital reserve is created by the sale of fixed assetsRevenue reserve is created from retained earnings\t | |
| 4394. |
Descriptions of financial position |
| Answer» Balance sheet gives the description of financial position of a business firm. | |
| 4395. |
Entry of Fresh capital invested "Accounting equation" |
| Answer» Cash increase capital increase | |
| 4396. |
Name four current assets |
| Answer» Sundry debtors,bills receivable,cash in hand ,closing stock,accrued income.etc.....<br>Cash, debtors , cheque etc<br>Furniture, building, machinery, | |
| 4397. |
Meaning of incomplete records |
| Answer» define voucher | |
| 4398. |
DefinePersonal accountsReal accountsNominal accounts |
| Answer» Nominal Accounts are accounts related and associated to losses, expenses, income or gains. The nominal account is income statement account (expenses, income, loss, profit) and is also known as temporary account unlike balance sheet account ( Asset, Liability, owner\'s equity) which are permanent account. A Personal account is a General ledger account connected to all persons like individuals, firms and associations. A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains. | |
| 4399. |
Mohan commenced business with 70000 purchased goods on credit 14000 |
| Answer» 70000 is our capital.And purchased giids on credit- 14000 is our liability which is increased in liabilities and also increased in assets | |
| 4400. |
What is the true defination of accounting |
| Answer» The process of identifying, measure, recording and communicating<br>which is the first book of accounting | |