InterviewSolution
Saved Bookmarks
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.
| 4601. |
Explain the nature of accounting standards |
| Answer» | |
| 4602. |
Preparation of a trial balance helps in locating.......... |
| Answer» Trial balance is a statement which is prepared to check tha arithmetical accuracy of the books. | |
| 4603. |
Bill of exchange signs by.......... .... |
| Answer» Drawer....<br>Maker or drawer of the bill | |
| 4604. |
Liabilities stands for which account personal real or nominal ??? |
| Answer» Representative personal account<br>I think personal account. | |
| 4605. |
What is provision and reserve |
| Answer» | |
| 4606. |
What is cash book |
| Answer» Cash book is a subsidiary book in which all cash transactions ,receipts and payments are recorded | |
| 4607. |
wages either p&l ac or trading a/c |
| Answer» Trading account<br>Trading a/c | |
| 4608. |
Pre board questions |
| Answer» | |
| 4609. |
Founder of accounts |
| Answer» Luca pacoali | |
| 4610. |
Profit ka formula |
| Answer» Thanks ritesh<br>GP=Sales -COGS | |
| 4611. |
Question from not for profit organisation |
| Answer» | |
| 4612. |
"Rent for premises sublet" comes in which account of financial statements? |
| Answer» credit | |
| 4613. |
what is mean of rebate |
| Answer» Rebate means when the drawee pays its bill before the muturity date and get some compensation from the drawer its called rebate... U may understand it as discount allowed by the drawer to drawee for paying the bill before muturity date<br>A partial refund to someone who has paid too much for tax, rent, or a utility. | |
| 4614. |
Cheque issued in march were presented in aprilX-4000Q-4500 |
| Answer» Passbook will increase and the cash book will decrease | |
| 4615. |
Types of acc |
| Answer» | |
| 4616. |
What are operating expenses |
| Answer» | |
| 4617. |
What is live stock |
| Answer» Domestic animals such as cattle or horses are known as livestock..... | |
| 4618. |
Released to bank reconciliation statement When we gave to minus aor plus |
| Answer» | |
| 4619. |
How to calculate drawings? |
| Answer» If u mean how it is treated then....It will be lessed from capital in liability side of balance sheet<br>Liabilities- assets | |
| 4620. |
How we treat with commission which is received in advance.......?? |
| Answer» Commission received in advance is being treated : 1. Will be lessed from the concerned amount of commision (if commission is shown dr. Side of trial balance then it will be written in the dr. Of P&L a/c and if shown cr. Side of trial balance then will be written in cr. Side of the P&L a/c and the concerned amount of unearned commision will be lessed)2. And unearned commision will be shown in the liability side of balance sheet.?? | |
| 4621. |
what is under cast? |
| Answer» Less recorded<br>Undercast: A forecasting error that occurs when estimating items such as future cash flows, performance levels or production. Undercasting produces an estimation that is below the realized value. | |
| 4622. |
Good costing 90000soild at aprofit of 10percent on sales |
| Answer» Cash a/c. Dr. 99000 To sales a/c. 99000 | |
| 4623. |
Chapter 21Question 1 |
| Answer» | |
| 4624. |
Chapter 22Question 1 |
| Answer» Can I help u | |
| 4625. |
Entry for when Bill is retained with Drawer till the due date? |
| Answer» | |
| 4626. |
CBSE sample paper (2015)set1 question 10 |
| Answer» | |
| 4627. |
Chapter - 20 Question no. 14 of TS grewal 2017 edition |
| Answer» | |
| 4628. |
Raj tells you that his ca |
| Answer» | |
| 4629. |
Subscription point |
| Answer» | |
| 4630. |
what is asset? |
| Answer» | |
| 4631. |
How to pass in tomorrow\'s exam? ? |
| Answer» | |
| 4632. |
What is Disposal Account ? |
| Answer» I dont know | |
| 4633. |
An easy definition of bills of exchange |
| Answer» It is written instrument directing a person to pay amount specified in the bill to or to the order of specified person or bearer of the instrument.. ? | |
| 4634. |
Adjustment of final account q.no 2 |
| Answer» | |
| 4635. |
Carriage outward is credit side or debit side |
| Answer» Dr. Side of profit and loss a/c | |
| 4636. |
What do you business |
| Answer» | |
| 4637. |
Bills receivable book |
| Answer» | |
| 4638. |
Solution of depreciation of d k goel question 2 |
| Answer» | |
| 4639. |
What is profit and loss account? |
| Answer» | |
| 4640. |
rectification of errors question no 21 dk goel |
| Answer» | |
| 4641. |
What is provision |
| Answer» | |
| 4642. |
Non profit organisation ke important pints |
| Answer» Receipt and payment account by Dr all receipt and cr all payments. In income and expenditure account only revenue receipt are taken and in balance sheet all assets in side and all liability are in liabilities side | |
| 4643. |
What is Fiancial Statement |
| Answer» | |
| 4644. |
Question of accounting equation |
| Answer» | |
| 4645. |
Purchase goods from X on credit |
| Answer» purchase a/c Dr to x a/c | |
| 4646. |
Sold 50 percent of above good at a profit of 2000 on credit to ram |
| Answer» | |
| 4647. |
what is Freehold Premises? |
| Answer» | |
| 4648. |
What is trading |
| Answer» | |
| 4649. |
One line each on subsidery books |
| Answer» | |
| 4650. |
Whats the diff. Between sales and cost of goods sold in a T.B.??? |
| Answer» | |