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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Class 12 knowledge and support exam preparation. Choose a topic below to get started.
| 301. |
When can a company forfeit the shares held by a shareholder? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/shares-1204908" style="font-weight:bold;" target="_blank" title="Click to know more about SHARES">SHARES</a> can be <a href="https://interviewquestions.tuteehub.com/tag/forfeited-7681535" style="font-weight:bold;" target="_blank" title="Click to know more about FORFEITED">FORFEITED</a> for the non-payment of <a href="https://interviewquestions.tuteehub.com/tag/call-412416" style="font-weight:bold;" target="_blank" title="Click to know more about CALL">CALL</a> <a href="https://interviewquestions.tuteehub.com/tag/money-25502" style="font-weight:bold;" target="_blank" title="Click to know more about MONEY">MONEY</a>.</body></html> | |
| 302. |
When can a Bank Reconciliation Statement be prepared? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :It can be <a href="https://interviewquestions.tuteehub.com/tag/prepared-1163605" style="font-weight:bold;" target="_blank" title="Click to know more about PREPARED">PREPARED</a> on any <a href="https://interviewquestions.tuteehub.com/tag/day-944776" style="font-weight:bold;" target="_blank" title="Click to know more about DAY">DAY</a> of the <a href="https://interviewquestions.tuteehub.com/tag/accounting-637" style="font-weight:bold;" target="_blank" title="Click to know more about ACCOUNTING">ACCOUNTING</a> <a href="https://interviewquestions.tuteehub.com/tag/period-1151023" style="font-weight:bold;" target="_blank" title="Click to know more about PERIOD">PERIOD</a></body></html> | |
| 303. |
When a new partner does not bring his share of goodwill incash , the amount is debited to |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a> A/c.<br/>Premium A/c.<br/><a href="https://interviewquestions.tuteehub.com/tag/new-1114486" style="font-weight:bold;" target="_blank" title="Click to know more about NEW">NEW</a> partner's Capital / <a href="https://interviewquestions.tuteehub.com/tag/current-940804" style="font-weight:bold;" target="_blank" title="Click to know more about CURRENT">CURRENT</a> A/c.<br/>Old partners Capital / Current A/cs.</p>Solution :New partner's Capital / current A/c.</body></html> | |
| 304. |
When a new partner brings his share of goodwill in cash , the amount is debited to |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/goodwill-475103" style="font-weight:bold;" target="_blank" title="Click to know more about GOODWILL">GOODWILL</a> A/c<br/>New <a href="https://interviewquestions.tuteehub.com/tag/partner-1148214" style="font-weight:bold;" target="_blank" title="Click to know more about PARTNER">PARTNER</a>'s <a href="https://interviewquestions.tuteehub.com/tag/capital-908677" style="font-weight:bold;" target="_blank" title="Click to know more about CAPITAL">CAPITAL</a> A/c.<br/><a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a> A/c.<br/>Old <a href="https://interviewquestions.tuteehub.com/tag/partners-1148238" style="font-weight:bold;" target="_blank" title="Click to know more about PARTNERS">PARTNERS</a>' Capital A/cs.</p>Solution :Cash A/c.</body></html> | |
| 305. |
When a new partner does not bring his share of goodwill in cash, the amount is debited to |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a> A/c<br/>Premium A/c<br/><a href="https://interviewquestions.tuteehub.com/tag/new-1114486" style="font-weight:bold;" target="_blank" title="Click to know more about NEW">NEW</a> <a href="https://interviewquestions.tuteehub.com/tag/partner-1148214" style="font-weight:bold;" target="_blank" title="Click to know more about PARTNER">PARTNER</a>'s Capital/Current A/c<br/>Old Partner's Capital/Current A/cs</p>Solution :New Partner's Capital/Current A/c</body></html> | |
| 306. |
When a new partner brings cash for goodwill the amount is credited to the |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/premium-2555" style="font-weight:bold;" target="_blank" title="Click to know more about PREMIUM">PREMIUM</a> for <a href="https://interviewquestions.tuteehub.com/tag/goodwill-475103" style="font-weight:bold;" target="_blank" title="Click to know more about GOODWILL">GOODWILL</a> <a href="https://interviewquestions.tuteehub.com/tag/account-25640" style="font-weight:bold;" target="_blank" title="Click to know more about ACCOUNT">ACCOUNT</a>.<br/>Capital Account of the <a href="https://interviewquestions.tuteehub.com/tag/new-1114486" style="font-weight:bold;" target="_blank" title="Click to know more about NEW">NEW</a> partner.<br/>Cash Account.<br/>None of the above.</p>Solution :Premium for Goodwill Account.</body></html> | |
| 307. |
When a new partner brings his share of goodwill in cash, the amount is debited to |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/goodwill-475103" style="font-weight:bold;" target="_blank" title="Click to know more about GOODWILL">GOODWILL</a> A/c<br/>New <a href="https://interviewquestions.tuteehub.com/tag/partner-1148214" style="font-weight:bold;" target="_blank" title="Click to know more about PARTNER">PARTNER</a>'s <a href="https://interviewquestions.tuteehub.com/tag/capital-908677" style="font-weight:bold;" target="_blank" title="Click to know more about CAPITAL">CAPITAL</a> A/c<br/><a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a> A/c<br/>Old Partner's Capital A/cs</p>Solution :Cash A/c</body></html> | |
| 308. |
When A and B sharing profits and loses in the ratio of 3 : 2, admit C as a partner giving him 1/5th share of profits. This will be given by A and B |
| Answer» <html><body><p>equally.<br/>in the <a href="https://interviewquestions.tuteehub.com/tag/ratio-13379" style="font-weight:bold;" target="_blank" title="Click to know more about RATIO">RATIO</a> of their <a href="https://interviewquestions.tuteehub.com/tag/profits-1168748" style="font-weight:bold;" target="_blank" title="Click to know more about PROFITS">PROFITS</a>.<br/>in the ratio of their capitals.<br/>None of the above.</p>Solution :in the ratio of their profits.</body></html> | |
| 309. |
What will be the treatment of 'Subscription received in advance' during the current year in the Balance Sheet of a Not-for-Profit Organisation? |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/subscription-1231325" style="font-weight:bold;" target="_blank" title="Click to know more about SUBSCRIPTION">SUBSCRIPTION</a> received in advance dueing the <a href="https://interviewquestions.tuteehub.com/tag/current-940804" style="font-weight:bold;" target="_blank" title="Click to know more about CURRENT">CURRENT</a> <a href="https://interviewquestions.tuteehub.com/tag/year-1464599" style="font-weight:bold;" target="_blank" title="Click to know more about YEAR">YEAR</a> is <a href="https://interviewquestions.tuteehub.com/tag/recorded-2240050" style="font-weight:bold;" target="_blank" title="Click to know more about RECORDED">RECORDED</a> on the liability sideof current year's Balance Sheet.</body></html> | |
| 310. |
What will be the treatmentof ' subscription received in Advance ' during the current year in the Balance Sheet of a Not- for - Profit Organisation. |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/subscription-1231325" style="font-weight:bold;" target="_blank" title="Click to know more about SUBSCRIPTION">SUBSCRIPTION</a> <a href="https://interviewquestions.tuteehub.com/tag/received-1179289" style="font-weight:bold;" target="_blank" title="Click to know more about RECEIVED">RECEIVED</a> in advance during the current year is recorded on the liability side of current year's Balance Sheet.</body></html> | |
| 311. |
What will be the treatment of Subscription received in Advance during thecurrent year in the Balance Sheet of Not-for-Profit Organisation ? |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :N/a</body></html> | |
| 312. |
What will be the operating profit ratio , if operating ratio is 88.94% |
| Answer» | |
| 313. |
What will be the amount of Gross Profit, if revenue from operations are Rs. 6,00,000 and Gross Profit Ratio is 20% of revenue from operations? |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a>. 1,50,000<br/>Rs. 1,00,000<br/>Rs. 1,20,000<br/>Rs. 5,00,000</p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a></body></html> | |
| 314. |
What will be the amount of Gross Profit, if revenue from operations are Rs. 6,00,000 and Gross Profit Ratio is 20% of cost? |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a>. 1,50,000<br/>Rs. 1,00,000<br/>Rs. 1,20,000<br/>Rs. 5,00,000</p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a></body></html> | |
| 315. |
What treatment is made of accumulted profits and losses on the retirement of a partner ? |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/credited-7316860" style="font-weight:bold;" target="_blank" title="Click to know more about CREDITED">CREDITED</a> to all partner's <a href="https://interviewquestions.tuteehub.com/tag/capital-908677" style="font-weight:bold;" target="_blank" title="Click to know more about CAPITAL">CAPITAL</a> accounts in <a href="https://interviewquestions.tuteehub.com/tag/old-585313" style="font-weight:bold;" target="_blank" title="Click to know more about OLD">OLD</a> <a href="https://interviewquestions.tuteehub.com/tag/ratio-13379" style="font-weight:bold;" target="_blank" title="Click to know more about RATIO">RATIO</a>.<br/>Debited to all partner's capital accounts in old ratio. <br/>Credited to remaining partner's capital accounts in <a href="https://interviewquestions.tuteehub.com/tag/new-1114486" style="font-weight:bold;" target="_blank" title="Click to know more about NEW">NEW</a> ratio. <br/>Credited to remaining partner's capital accounts in gaining ratio. </p>Answer :A</body></html> | |
| 316. |
What was the reason for Ms. Parul and Ms. Aruna to become partners in the business? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Both of them had <a href="https://interviewquestions.tuteehub.com/tag/expertise-980469" style="font-weight:bold;" target="_blank" title="Click to know more about EXPERTISE">EXPERTISE</a> in their respective <a href="https://interviewquestions.tuteehub.com/tag/fields-987430" style="font-weight:bold;" target="_blank" title="Click to know more about FIELDS">FIELDS</a>. Parul was a <a href="https://interviewquestions.tuteehub.com/tag/fashion-456442" style="font-weight:bold;" target="_blank" title="Click to know more about FASHION">FASHION</a> <a href="https://interviewquestions.tuteehub.com/tag/designer-437735" style="font-weight:bold;" target="_blank" title="Click to know more about DESIGNER">DESIGNER</a> while Aruna was a marketingperson.</body></html> | |
| 317. |
What maximum amount of discount can be allowed at the time of re-issue of forfeited shares when shares were originally issued at a premium ? |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/amount-374803" style="font-weight:bold;" target="_blank" title="Click to know more about AMOUNT">AMOUNT</a> of <a href="https://interviewquestions.tuteehub.com/tag/discount-955451" style="font-weight:bold;" target="_blank" title="Click to know more about DISCOUNT">DISCOUNT</a> should not <a href="https://interviewquestions.tuteehub.com/tag/exceed-978351" style="font-weight:bold;" target="_blank" title="Click to know more about EXCEED">EXCEED</a> the amount credited to Shares <a href="https://interviewquestions.tuteehub.com/tag/forfeited-7681535" style="font-weight:bold;" target="_blank" title="Click to know more about FORFEITED">FORFEITED</a> Account.</body></html> | |
| 318. |
What rate of interest the company pays on Calls-in-Advance if ithas not prepared its own Articles of Association? |
| Answer» <html><body><p></p>Solution :If a company does not have its own Articles of <a href="https://interviewquestions.tuteehub.com/tag/association-886116" style="font-weight:bold;" target="_blank" title="Click to know more about ASSOCIATION">ASSOCIATION</a>, provisions of 'Table <a href="https://interviewquestions.tuteehub.com/tag/f-455800" style="font-weight:bold;" target="_blank" title="Click to know more about F">F</a>' of the Companies Act, 2013 <a href="https://interviewquestions.tuteehub.com/tag/apply-882238" style="font-weight:bold;" target="_blank" title="Click to know more about APPLY">APPLY</a> and company has to pay interest @ 12% p.a. on Calls-in-Advance form the date of <a href="https://interviewquestions.tuteehub.com/tag/receipt-1179268" style="font-weight:bold;" target="_blank" title="Click to know more about RECEIPT">RECEIPT</a> to the due date.</body></html> | |
| 319. |
What journal entry will be recorded for writing off the goodwill already existing in Balance Sheet at the time of retirement of a partner? |
| Answer» <html><body><p>Retiring Partner's Capital A/c `"" `Dr. <br/> To <a href="https://interviewquestions.tuteehub.com/tag/goodwill-475103" style="font-weight:bold;" target="_blank" title="Click to know more about GOODWILL">GOODWILL</a> A/c <br/>All Partner's Capital A/cs(including retiring)` "" `Dr.(in <a href="https://interviewquestions.tuteehub.com/tag/old-585313" style="font-weight:bold;" target="_blank" title="Click to know more about OLD">OLD</a> <a href="https://interviewquestions.tuteehub.com/tag/ratio-13379" style="font-weight:bold;" target="_blank" title="Click to know more about RATIO">RATIO</a>) <br/> To Goodwill A/c <br/><a href="https://interviewquestions.tuteehub.com/tag/remaining-1184297" style="font-weight:bold;" target="_blank" title="Click to know more about REMAINING">REMAINING</a> Partner's Capital A/cs `"" `Dr.(in gaining ratio) <br/> To Goodwill A/c<br/>Remaining Partner's Capital A/cs `"" ` Dr. (in new ratio) <br/> To Goodwill A/c</p>Answer :B</body></html> | |
| 320. |
What journal entry will be recordedfor deceased partner's share in profit from the closure of last balance sheet till the date of his death? |
| Answer» <html><body><p>Profit and <a href="https://interviewquestions.tuteehub.com/tag/loss-1079380" style="font-weight:bold;" target="_blank" title="Click to know more about LOSS">LOSS</a> A/c `""` Dr. <br/> To <a href="https://interviewquestions.tuteehub.com/tag/deceased-945612" style="font-weight:bold;" target="_blank" title="Click to know more about DECEASED">DECEASED</a> <a href="https://interviewquestions.tuteehub.com/tag/partner-1148214" style="font-weight:bold;" target="_blank" title="Click to know more about PARTNER">PARTNER</a>'s Capital A/c<br/>Deceased Partner's Capital A/c `"" ` Dr. <br/>To Profit and Loss A/c<br/>Deceased Partner's Capital A/c `"" ` Dr. <br/> To Profit and Loss Supense A/c <br/>Profit and Loss Supense A/c `"" ` Dr. <br/> To Deceased Partner's Capital A/c</p>Answer :D</body></html> | |
| 321. |
What Journal entry is passed when the firm pays realisation expenses on behalf of a partner who has to bear the expenses ? |
| Answer» | |
| 322. |
What Journal entry is passed when a partner agrees to pay the realisation expenses on behalf of the firm ? |
| Answer» | |
| 323. |
What Journal entry is passed when an asset is given to any of the firm's creditors towards partial payment of dues ? |
| Answer» | |
| 324. |
What is Voucher? |
| Answer» <html><body><p></p>Solution : A <a href="https://interviewquestions.tuteehub.com/tag/voucher-1448322" style="font-weight:bold;" target="_blank" title="Click to know more about VOUCHER">VOUCHER</a> is a documentary <a href="https://interviewquestions.tuteehub.com/tag/evidence-977636" style="font-weight:bold;" target="_blank" title="Click to know more about EVIDENCE">EVIDENCE</a> in <a href="https://interviewquestions.tuteehub.com/tag/support-1235361" style="font-weight:bold;" target="_blank" title="Click to know more about SUPPORT">SUPPORT</a> of a <a href="https://interviewquestions.tuteehub.com/tag/business-21797" style="font-weight:bold;" target="_blank" title="Click to know more about BUSINESS">BUSINESS</a> <a href="https://interviewquestions.tuteehub.com/tag/transaction-16213" style="font-weight:bold;" target="_blank" title="Click to know more about TRANSACTION">TRANSACTION</a>.</body></html> | |
| 325. |
What is understood by Accounting Ratio? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Accounting Ratio may be defined as a mathematical <a href="https://interviewquestions.tuteehub.com/tag/expression-980856" style="font-weight:bold;" target="_blank" title="Click to know more about EXPRESSION">EXPRESSION</a> of the <a href="https://interviewquestions.tuteehub.com/tag/relationship-1183331" style="font-weight:bold;" target="_blank" title="Click to know more about RELATIONSHIP">RELATIONSHIP</a> between two items or group of items shown in the Financial <a href="https://interviewquestions.tuteehub.com/tag/statements-17642" style="font-weight:bold;" target="_blank" title="Click to know more about STATEMENTS">STATEMENTS</a>.</body></html> | |
| 326. |
What is Vertical Analysis? |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/vertical-726181" style="font-weight:bold;" target="_blank" title="Click to know more about VERTICAL">VERTICAL</a> Analysis is <a href="https://interviewquestions.tuteehub.com/tag/made-3718337" style="font-weight:bold;" target="_blank" title="Click to know more about MADE">MADE</a> to <a href="https://interviewquestions.tuteehub.com/tag/review-1188334" style="font-weight:bold;" target="_blank" title="Click to know more about REVIEW">REVIEW</a> and analyse the Financial Statements of one particular year only. This <a href="https://interviewquestions.tuteehub.com/tag/type-715478" style="font-weight:bold;" target="_blank" title="Click to know more about TYPE">TYPE</a> of analysis is <a href="https://interviewquestions.tuteehub.com/tag/also-373387" style="font-weight:bold;" target="_blank" title="Click to know more about ALSO">ALSO</a> alled Static Analysis.</body></html> | |
| 327. |
What is 'Trade Payables'? |
| Answer» <html><body><p></p>Solution :Trade <a href="https://interviewquestions.tuteehub.com/tag/payables-1149212" style="font-weight:bold;" target="_blank" title="Click to know more about PAYABLES">PAYABLES</a> is the amount <a href="https://interviewquestions.tuteehub.com/tag/payable-597657" style="font-weight:bold;" target="_blank" title="Click to know more about PAYABLE">PAYABLE</a> against <a href="https://interviewquestions.tuteehub.com/tag/goods-1009877" style="font-weight:bold;" target="_blank" title="Click to know more about GOODS">GOODS</a> purchased and/or services taken in the normal <a href="https://interviewquestions.tuteehub.com/tag/course-937885" style="font-weight:bold;" target="_blank" title="Click to know more about COURSE">COURSE</a> of business.</body></html> | |
| 328. |
What is 'Trade Receivables'? |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/trade-711631" style="font-weight:bold;" target="_blank" title="Click to know more about TRADE">TRADE</a> Receivable is the amount receivable against sale of <a href="https://interviewquestions.tuteehub.com/tag/goods-1009877" style="font-weight:bold;" target="_blank" title="Click to know more about GOODS">GOODS</a> and/or services <a href="https://interviewquestions.tuteehub.com/tag/rendered-7280818" style="font-weight:bold;" target="_blank" title="Click to know more about RENDERED">RENDERED</a> in the normal course of busines, e.g., Sundry <a href="https://interviewquestions.tuteehub.com/tag/debtors-435558" style="font-weight:bold;" target="_blank" title="Click to know more about DEBTORS">DEBTORS</a>, Bills Receivable.</body></html> | |
| 329. |
What is Total Assets to Debt Ratio? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :This ratio <a href="https://interviewquestions.tuteehub.com/tag/shows-1206590" style="font-weight:bold;" target="_blank" title="Click to know more about SHOWS">SHOWS</a> the <a href="https://interviewquestions.tuteehub.com/tag/relationship-1183331" style="font-weight:bold;" target="_blank" title="Click to know more about RELATIONSHIP">RELATIONSHIP</a> between <a href="https://interviewquestions.tuteehub.com/tag/total-711110" style="font-weight:bold;" target="_blank" title="Click to know more about TOTAL">TOTAL</a> assets and long-term debts.</body></html> | |
| 330. |
What is the significance of Return on Total Assets Ratio? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :This ratio measures the <a href="https://interviewquestions.tuteehub.com/tag/profitability-1168698" style="font-weight:bold;" target="_blank" title="Click to know more about PROFITABILITY">PROFITABILITY</a> of investments which reflects managerial efficiency.The higher the ratio the better is the <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> eaming <a href="https://interviewquestions.tuteehub.com/tag/capacity-908575" style="font-weight:bold;" target="_blank" title="Click to know more about CAPACITY">CAPACITY</a> of the <a href="https://interviewquestions.tuteehub.com/tag/company-924982" style="font-weight:bold;" target="_blank" title="Click to know more about COMPANY">COMPANY</a> or vice versa.</body></html> | |
| 331. |
What is the significance of calculating Current Ratio? |
| Answer» <html><body><p></p>Solution : The objective of calculating <a href="https://interviewquestions.tuteehub.com/tag/current-940804" style="font-weight:bold;" target="_blank" title="Click to know more about CURRENT">CURRENT</a> Ratio is to <a href="https://interviewquestions.tuteehub.com/tag/assess-384299" style="font-weight:bold;" target="_blank" title="Click to know more about ASSESS">ASSESS</a> the ability of the enterprise to meet its <a href="https://interviewquestions.tuteehub.com/tag/short-642706" style="font-weight:bold;" target="_blank" title="Click to know more about SHORT">SHORT</a>- term liabilities as they become <a href="https://interviewquestions.tuteehub.com/tag/due-433472" style="font-weight:bold;" target="_blank" title="Click to know more about DUE">DUE</a> for payment. It is a ratio used to assess the short-term solvency of the enterprise.</body></html> | |
| 332. |
What is the purpose of Operating Cycle ? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :The <a href="https://interviewquestions.tuteehub.com/tag/company-924982" style="font-weight:bold;" target="_blank" title="Click to know more about COMPANY">COMPANY</a> calssifies its assets and liablites as <a href="https://interviewquestions.tuteehub.com/tag/current-940804" style="font-weight:bold;" target="_blank" title="Click to know more about CURRENT">CURRENT</a> <a href="https://interviewquestions.tuteehub.com/tag/asset-885901" style="font-weight:bold;" target="_blank" title="Click to know more about ASSET">ASSET</a> and Current Liabilites on the basis of Operating <a href="https://interviewquestions.tuteehub.com/tag/cycle-942437" style="font-weight:bold;" target="_blank" title="Click to know more about CYCLE">CYCLE</a>. ?</body></html> | |
| 333. |
What is the objective of computing Total assets to debt ratio? |
| Answer» | |
| 334. |
what is the objecitve of computing operting profit ratio? |
| Answer» | |
| 335. |
What is the Nature of 'Revaluation Account'? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/revaluation-1188020" style="font-weight:bold;" target="_blank" title="Click to know more about REVALUATION">REVALUATION</a> <a href="https://interviewquestions.tuteehub.com/tag/account-25640" style="font-weight:bold;" target="_blank" title="Click to know more about ACCOUNT">ACCOUNT</a> is a <a href="https://interviewquestions.tuteehub.com/tag/nominal-571419" style="font-weight:bold;" target="_blank" title="Click to know more about NOMINAL">NOMINAL</a> account in <a href="https://interviewquestions.tuteehub.com/tag/nature-1112013" style="font-weight:bold;" target="_blank" title="Click to know more about NATURE">NATURE</a>.</body></html> | |
| 336. |
What is the nature of Receipts and Payments Account? |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :N/a</body></html> | |
| 337. |
What is the net balance left in Share Forfeiture Account : |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a>. 1,400<br/>Rs. 1,500<br/>Rs. 900<br/>Rs. 1,000</p>Answer :D</body></html> | |
| 338. |
What is thenature of Interest on Debentures? |
| Answer» <html><body><p></p>Solution :Interest on Debentures is a charge against <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a>. It is, therefore, <a href="https://interviewquestions.tuteehub.com/tag/provided-2960341" style="font-weight:bold;" target="_blank" title="Click to know more about PROVIDED">PROVIDED</a> <a href="https://interviewquestions.tuteehub.com/tag/even-976335" style="font-weight:bold;" target="_blank" title="Click to know more about EVEN">EVEN</a> if thecompany does not have profit or has inadequate profit.</body></html> | |
| 339. |
What is the name given to that 'part of capital' of a company which is called up only on winding up? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/reserve-1186088" style="font-weight:bold;" target="_blank" title="Click to know more about RESERVE">RESERVE</a> <a href="https://interviewquestions.tuteehub.com/tag/capital-908677" style="font-weight:bold;" target="_blank" title="Click to know more about CAPITAL">CAPITAL</a>.</body></html> | |
| 340. |
What is the nature of Incomeand Expenditure Account ? |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :N/a</body></html> | |
| 341. |
What is the nature of Income and Expenditure Account? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :It is a <a href="https://interviewquestions.tuteehub.com/tag/nominal-571419" style="font-weight:bold;" target="_blank" title="Click to know more about NOMINAL">NOMINAL</a> <a href="https://interviewquestions.tuteehub.com/tag/account-25640" style="font-weight:bold;" target="_blank" title="Click to know more about ACCOUNT">ACCOUNT</a></body></html> | |
| 342. |
What is the name give to the 'part of capital' of a company which is Called-up only on winding up ? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/reserve-1186088" style="font-weight:bold;" target="_blank" title="Click to know more about RESERVE">RESERVE</a> <a href="https://interviewquestions.tuteehub.com/tag/capital-908677" style="font-weight:bold;" target="_blank" title="Click to know more about CAPITAL">CAPITAL</a>.</body></html> | |
| 343. |
What is the minimum number of partners a firm should have? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :There should be at <a href="https://interviewquestions.tuteehub.com/tag/least-7256596" style="font-weight:bold;" target="_blank" title="Click to know more about LEAST">LEAST</a> <a href="https://interviewquestions.tuteehub.com/tag/2-283658" style="font-weight:bold;" target="_blank" title="Click to know more about 2">2</a> <a href="https://interviewquestions.tuteehub.com/tag/persons-21809" style="font-weight:bold;" target="_blank" title="Click to know more about PERSONS">PERSONS</a> to from a <a href="https://interviewquestions.tuteehub.com/tag/partnership-13081" style="font-weight:bold;" target="_blank" title="Click to know more about PARTNERSHIP">PARTNERSHIP</a>.</body></html> | |
| 344. |
What is the maximum number of partners that a partnership firm can have? Name the Act that provides for the maximum number of partners in a partnership firm. Or A group of 40 people wants to from a partnership fiem. They want your advice regareding the maximum number of persons that can be there in a partnership firm and the name of the Act under whose provisions it is given. |
| Answer» <html><body><p></p>Solution :The maximum number of partners in a firm can be 50 as <a href="https://interviewquestions.tuteehub.com/tag/per-590802" style="font-weight:bold;" target="_blank" title="Click to know more about PER">PER</a> <a href="https://interviewquestions.tuteehub.com/tag/section-25668" style="font-weight:bold;" target="_blank" title="Click to know more about SECTION">SECTION</a> 464 of the Companies <a href="https://interviewquestions.tuteehub.com/tag/act-1106" style="font-weight:bold;" target="_blank" title="Click to know more about ACT">ACT</a>, 2013 read <a href="https://interviewquestions.tuteehub.com/tag/along-1974109" style="font-weight:bold;" target="_blank" title="Click to know more about ALONG">ALONG</a> with Rule 10 of the Companies (Miscellaneous) Rules, 2014.</body></html> | |
| 345. |
What is the mening opf investment for the purpose of return on investment ratio? |
| Answer» | |
| 346. |
What is the meaning of 'Investment' for the purpose of 'Return on Investment' ratio? |
| Answer» <html><body><p></p>Solution :Investment for the purpose of 'Return on Investment' <a href="https://interviewquestions.tuteehub.com/tag/means-1091780" style="font-weight:bold;" target="_blank" title="Click to know more about MEANS">MEANS</a> it is <a href="https://interviewquestions.tuteehub.com/tag/trade-711631" style="font-weight:bold;" target="_blank" title="Click to know more about TRADE">TRADE</a> investment and <a href="https://interviewquestions.tuteehub.com/tag/thus-2307358" style="font-weight:bold;" target="_blank" title="Click to know more about THUS">THUS</a>, part of <a href="https://interviewquestions.tuteehub.com/tag/capital-908677" style="font-weight:bold;" target="_blank" title="Click to know more about CAPITAL">CAPITAL</a> <a href="https://interviewquestions.tuteehub.com/tag/employed-2611124" style="font-weight:bold;" target="_blank" title="Click to know more about EMPLOYED">EMPLOYED</a>.</body></html> | |
| 347. |
What is the maximum amount of discount which may be allowed on reissue of shares? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/discount-955451" style="font-weight:bold;" target="_blank" title="Click to know more about DISCOUNT">DISCOUNT</a> <a href="https://interviewquestions.tuteehub.com/tag/allowed-857944" style="font-weight:bold;" target="_blank" title="Click to know more about ALLOWED">ALLOWED</a> on reissue of forfeited shares should not exceed the <a href="https://interviewquestions.tuteehub.com/tag/amount-374803" style="font-weight:bold;" target="_blank" title="Click to know more about AMOUNT">AMOUNT</a> forfeited, i.e., amount credited to 'Forfeited Shares Account's at the time of forfeiture.</body></html> | |
| 348. |
What is the main objective of setting Accounting Standards? |
| Answer» <html><body><p></p>Solution : The main objective of <a href="https://interviewquestions.tuteehub.com/tag/setting-640474" style="font-weight:bold;" target="_blank" title="Click to know more about SETTING">SETTING</a> Accounting Standards is to bring uniformity in accounting <a href="https://interviewquestions.tuteehub.com/tag/practices-1162408" style="font-weight:bold;" target="_blank" title="Click to know more about PRACTICES">PRACTICES</a> and to ensure transparency, <a href="https://interviewquestions.tuteehub.com/tag/consistency-930013" style="font-weight:bold;" target="_blank" title="Click to know more about CONSISTENCY">CONSISTENCY</a> and comparability.</body></html> | |
| 349. |
What is the main advantage of Ratio analysis? |
| Answer» | |
| 350. |
What is the income Received in Advance ? |
| Answer» <html><body><p></p>Solution :Income Received in Advance <a href="https://interviewquestions.tuteehub.com/tag/means-1091780" style="font-weight:bold;" target="_blank" title="Click to know more about MEANS">MEANS</a> incomes which has been received by the <a href="https://interviewquestions.tuteehub.com/tag/business-21797" style="font-weight:bold;" target="_blank" title="Click to know more about BUSINESS">BUSINESS</a> before it being <a href="https://interviewquestions.tuteehub.com/tag/earned-7273289" style="font-weight:bold;" target="_blank" title="Click to know more about EARNED">EARNED</a> by business .</body></html> | |