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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.
| 2001. |
Cheque of ₹1,000 received from Ramesh was dishonoured. Journal entry will be : |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/dr-959219" style="font-weight:bold;" target="_blank" title="Click to know more about DR">DR</a>. Sales <a href="https://interviewquestions.tuteehub.com/tag/return-1187910" style="font-weight:bold;" target="_blank" title="Click to know more about RETURN">RETURN</a> A/c and Cr. Ramesh by ₹ 1,000<br/>Dr. Ramesh and Cr. <a href="https://interviewquestions.tuteehub.com/tag/bank-13461" style="font-weight:bold;" target="_blank" title="Click to know more about BANK">BANK</a> A/c by ₹1,000<br/>Dr. <a href="https://interviewquestions.tuteehub.com/tag/sale-1193496" style="font-weight:bold;" target="_blank" title="Click to know more about SALE">SALE</a> Return A/c and Cr. <a href="https://interviewquestions.tuteehub.com/tag/suspense-1236136" style="font-weight:bold;" target="_blank" title="Click to know more about SUSPENSE">SUSPENSE</a> A/c by ₹1,000<br/>None of these</p>Solution :Dr. Ramesh and Cr. Bank A/c by ₹1,000</body></html> | |
| 2002. |
Cheque issued but not presented are _______ to Debit Cash Bookbalance when Bank Reconciliation Statement is prepared. |
| 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> :<a href="https://interviewquestions.tuteehub.com/tag/added-367625" style="font-weight:bold;" target="_blank" title="Click to know more about ADDED">ADDED</a></body></html> | |
| 2003. |
Cheque issued but not presented for payment will reduce the balance as per the Pass Book . |
| 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> : <a href="https://interviewquestions.tuteehub.com/tag/false-459184" style="font-weight:bold;" target="_blank" title="Click to know more about FALSE">FALSE</a></body></html> | |
| 2004. |
Charging depreciation is |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/compulsory-409700" style="font-weight:bold;" target="_blank" title="Click to know more about COMPULSORY">COMPULSORY</a> <br/>voluntary<br/>dependent on the <a href="https://interviewquestions.tuteehub.com/tag/condition-409743" style="font-weight:bold;" target="_blank" title="Click to know more about CONDITION">CONDITION</a> of <a href="https://interviewquestions.tuteehub.com/tag/assets-885948" style="font-weight:bold;" target="_blank" title="Click to know more about ASSETS">ASSETS</a>. <br/><a href="https://interviewquestions.tuteehub.com/tag/none-580659" style="font-weight:bold;" target="_blank" title="Click to know more about NONE">NONE</a> of these </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> :compulsory</body></html> | |
| 2005. |
Charges charged by bank and not recorded in the books of account are ______ to Credit. Cash Bookbalance when Bank ReconciliationStatement is prepared. |
| 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> :<a href="https://interviewquestions.tuteehub.com/tag/added-367625" style="font-weight:bold;" target="_blank" title="Click to know more about ADDED">ADDED</a></body></html> | |
| 2006. |
Chaman maintains his books according to Single Entry System. Following figures were available from the books for the six month ended 31st December, 2018:{:(,"1st July, 2018 (Rs.)","31st December, 2018 (Rs.)"),("Plant and Machinery","1,50,000","1,40,000"),("Debtors","65,000","60,000"),("Cash and Bank balances","25,000","31,000"),("Stock","40,000","45,000"),("Creditors","9,000","10,000"):} Adjustments: (a) He had withdrawn Rs. 200 in the beginning of every month for householdpurposes. (b) Depreciation on Plant and Mechinery @10% p.a. (c) Further Bad Debts Rs. 5,000 and Provision for Doubtful Debts to be created @2%. During the period, salaries have been prepaid by Rs. 500 while wages outstanding were Rs. 1,000. (e) Interest on drawings to be reckoned @6% p.a. You are required to prepare the Statement of Profit of Loss for the half year ended 31st December, 2018, followed by Revised Statement of Affairs as on that date. |
| Answer» <html><body><p><br/></p>Solution :1. Interest on <a href="https://interviewquestions.tuteehub.com/tag/drawings-959513" style="font-weight:bold;" target="_blank" title="Click to know more about DRAWINGS">DRAWINGS</a>: <br/> On Rs. <a href="https://interviewquestions.tuteehub.com/tag/200-288914" style="font-weight:bold;" target="_blank" title="Click to know more about 200">200</a> for 6 <a href="https://interviewquestions.tuteehub.com/tag/months-1101351" style="font-weight:bold;" target="_blank" title="Click to know more about MONTHS">MONTHS</a> = On Rs. 1,200 for 1 month <br/> On Rs. 200 for <a href="https://interviewquestions.tuteehub.com/tag/5-319454" style="font-weight:bold;" target="_blank" title="Click to know more about 5">5</a> month = On Rs. 1,000 for 1 month <br/> On Rs. 200 for 4 months = On Rs. 800 for 1 month <br/> On Rs. 200 for <a href="https://interviewquestions.tuteehub.com/tag/3-301577" style="font-weight:bold;" target="_blank" title="Click to know more about 3">3</a> months = On Rs. 600 for 1 month <br/> On Rs. 200 for 2 months = On Rs. 400 for 1 month <br/> On Rs. 200 for 1 month = On Rs. 200 for 1 month <br/> Or On Rs. 4,200 for 1 month <br/> Interest = Rs. `4,200xx6//100xx1//2=Rs.21.` <br/> 2. Depraciation on Plant = Rs. `1,40,000xx10//100xx6//12=Rs.7,000`. <br/> 3. Provision for Doubtful Debts = `2//100(Rs. 60,000-Rs.5,000)=Rs. 1,100.` <br/> Net Loss = Rs. 4,300 (Gross Loss) `+` Rs. 7,000 (Depreciation) `+` Rs. 5,000 (Bad Debts) `+` Rs. 1,100 (Provision for Doubtful Debts) `-` Rs. 21 (Interest on Drawings) = Rs. 17,379.</body></html> | |
| 2007. |
Catalogue price is₹ 600. Trade Discount allowed @ 10% will be ________ and Cash Discount @5% will be _________. |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> : ₹ <a href="https://interviewquestions.tuteehub.com/tag/60-328817" style="font-weight:bold;" target="_blank" title="Click to know more about 60">60</a>,₹ <a href="https://interviewquestions.tuteehub.com/tag/27-298706" style="font-weight:bold;" target="_blank" title="Click to know more about 27">27</a></body></html> | |
| 2008. |
Cash withdrawn by the Proprietor should be credited to: |
| Answer» <html><body><p> <a href="https://interviewquestions.tuteehub.com/tag/drawings-959513" style="font-weight:bold;" target="_blank" title="Click to know more about DRAWINGS">DRAWINGS</a> account<br/>Capital account<br/>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> account<br/>Cash account<br/></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/iv-501699" style="font-weight:bold;" target="_blank" title="Click to know more about IV">IV</a></body></html> | |
| 2009. |
Cash sales of a business in a year were Rs. 85,000, the Cost of Goods Sold (including direct expenses) was Rs. 97,000 and Gross Profit as shown by the Trading Account for the year was Rs. 1,29,000. Calculate Credit Sales during the year. |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/credit-938523" style="font-weight:bold;" target="_blank" title="Click to know more about CREDIT">CREDIT</a> <a href="https://interviewquestions.tuteehub.com/tag/sales-25569" style="font-weight:bold;" target="_blank" title="Click to know more about SALES">SALES</a> - <a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a>. 1,41,000.</body></html> | |
| 2010. |
Cash sales to Ram will be posted to ………. Side of …………..account. (Debit, Credit, Ram, Sales) |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/credit-938523" style="font-weight:bold;" target="_blank" title="Click to know more about CREDIT">CREDIT</a>, <a href="https://interviewquestions.tuteehub.com/tag/sales-25569" style="font-weight:bold;" target="_blank" title="Click to know more about SALES">SALES</a></body></html> | |
| 2011. |
Cash withdrawn from bank for personal use is a Contra Entry. |
| 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> : <a href="https://interviewquestions.tuteehub.com/tag/false-459184" style="font-weight:bold;" target="_blank" title="Click to know more about FALSE">FALSE</a></body></html> | |
| 2012. |
Cash purchases from Gopal will be posted to ………….account on the ……………(Gopal, Purchase, Debit, Credit) |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/purchase-1172709" style="font-weight:bold;" target="_blank" title="Click to know more about PURCHASE">PURCHASE</a>, <a href="https://interviewquestions.tuteehub.com/tag/debit-945425" style="font-weight:bold;" target="_blank" title="Click to know more about DEBIT">DEBIT</a>;</body></html> | |
| 2013. |
Cash or goods withdrawn by the proprietor for his personal use is debited to _______ 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> :<a href="https://interviewquestions.tuteehub.com/tag/drawing-959485" style="font-weight:bold;" target="_blank" title="Click to know more about DRAWING">DRAWING</a></body></html> | |
| 2014. |
Cash memo is prepared when goods are sold against ________ |
| 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> :<a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a></body></html> | |
| 2015. |
Cash memo is prepared when goods are sold |
| Answer» <html><body><p>on credit.<br/>on <a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a>.<br/>Both (a) and (<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>).<br/><a href="https://interviewquestions.tuteehub.com/tag/none-580659" style="font-weight:bold;" target="_blank" title="Click to know more about NONE">NONE</a> of these.</p>Solution :on cash.</body></html> | |
| 2016. |
Cash Memo is a _________ voucher. |
| 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> :<a href="https://interviewquestions.tuteehub.com/tag/source-1219297" style="font-weight:bold;" target="_blank" title="Click to know more about SOURCE">SOURCE</a></body></html> | |
| 2017. |
Cash memo is a source voucher for purchaser of goods on credit. |
| 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> : <a href="https://interviewquestions.tuteehub.com/tag/false-459184" style="font-weight:bold;" target="_blank" title="Click to know more about FALSE">FALSE</a></body></html> | |
| 2018. |
Cash memo is a source voucher for purchaser of goods |
| Answer» <html><body><p>for <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 href="https://interviewquestions.tuteehub.com/tag/purchases-1172772" style="font-weight:bold;" target="_blank" title="Click to know more about PURCHASES">PURCHASES</a>. <br/>for <a href="https://interviewquestions.tuteehub.com/tag/credit-938523" style="font-weight:bold;" target="_blank" title="Click to know more about CREDIT">CREDIT</a> purchases. <br/>for credit sales.<br/>for cash sales.</p>Answer :A</body></html> | |
| 2019. |
Cash Memo is |
| Answer» <html><body><p>a source <a href="https://interviewquestions.tuteehub.com/tag/voucher-1448322" style="font-weight:bold;" target="_blank" title="Click to know more about VOUCHER">VOUCHER</a>. <br/>an accounting voucher. <br/><a href="https://interviewquestions.tuteehub.com/tag/neither-1113494" style="font-weight:bold;" target="_blank" title="Click to know more about NEITHER">NEITHER</a> (a) and (b). <br/>both (a) and (b). </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 source voucher.</body></html> | |
| 2020. |
Cash Discount received is recorded in the books of account as follows: |
| 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 href="https://interviewquestions.tuteehub.com/tag/discount-955451" style="font-weight:bold;" target="_blank" title="Click to know more about DISCOUNT">DISCOUNT</a> is credited to Discount Received <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/>Cash Discount is reduced from the <a href="https://interviewquestions.tuteehub.com/tag/invoice-1051017" style="font-weight:bold;" target="_blank" title="Click to know more about INVOICE">INVOICE</a> Price.<br/>None of the above.<br/>Any of (a) and (b).</p>Solution :Cash Discount is credited to Discount Received Account.</body></html> | |
| 2021. |
Cash Discount received is recorded in the books of account as follows : |
| 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 href="https://interviewquestions.tuteehub.com/tag/discount-955451" style="font-weight:bold;" target="_blank" title="Click to know more about DISCOUNT">DISCOUNT</a> is <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 Discount <a href="https://interviewquestions.tuteehub.com/tag/received-1179289" style="font-weight:bold;" target="_blank" title="Click to know more about RECEIVED">RECEIVED</a> Account<br/>Cash Discount is reduced from the Invoice Price.<br/>None of the above<br/>Any of (a) and (<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>)</p>Solution :Cash Discount is credited to Discount Received Account</body></html> | |
| 2022. |
Cash Discount is allowed @ 10% on ₹ 15,500, the amount paid will be _______ |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> : ₹ 13,950</body></html> | |
| 2023. |
Cash Discount is : |
| Answer» <html><body><p>Which is <a href="https://interviewquestions.tuteehub.com/tag/received-1179289" style="font-weight:bold;" target="_blank" title="Click to know more about RECEIVED">RECEIVED</a> at <a href="https://interviewquestions.tuteehub.com/tag/thetime-1412788" style="font-weight:bold;" target="_blank" title="Click to know more about THETIME">THETIME</a> of <a href="https://interviewquestions.tuteehub.com/tag/making-1085093" style="font-weight:bold;" target="_blank" title="Click to know more about MAKING">MAKING</a> the <a href="https://interviewquestions.tuteehub.com/tag/payment-1149239" style="font-weight:bold;" target="_blank" title="Click to know more about PAYMENT">PAYMENT</a> <br/>Which is allowed at the <a href="https://interviewquestions.tuteehub.com/tag/time-19467" style="font-weight:bold;" target="_blank" title="Click to know more about TIME">TIME</a> of sale of goods<br/>Which is received at the time of purchase of goods<br/>Which is received both at the time of making payment and purchase of goods</p>Answer :A</body></html> | |
| 2024. |
Cash discount allowed to customer is an expense for business. |
| 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> : <a href="https://interviewquestions.tuteehub.com/tag/true-713260" style="font-weight:bold;" target="_blank" title="Click to know more about TRUE">TRUE</a></body></html> | |
| 2025. |
Cash Discount allowed is recorded in the books of account as follows: |
| Answer» <html><body><p>Cash <a href="https://interviewquestions.tuteehub.com/tag/discount-955451" style="font-weight:bold;" target="_blank" title="Click to know more about DISCOUNT">DISCOUNT</a> is <a href="https://interviewquestions.tuteehub.com/tag/debited-2043748" style="font-weight:bold;" target="_blank" title="Click to know more about DEBITED">DEBITED</a> to Discount Allowed <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/>Cash Discount is reduced from the Invoice Price.<br/>None of the above.<br/>Any of (a) and (b).</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> :Cash Discount is debited to Discount Allowed Account.</body></html> | |
| 2026. |
Cash column of the Cash Book will always have a debit balance or at the most nil balance. Why? |
| 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 so because <a href="https://interviewquestions.tuteehub.com/tag/cast-910373" style="font-weight:bold;" target="_blank" title="Click to know more about CAST">CAST</a> <a href="https://interviewquestions.tuteehub.com/tag/payments-1149318" style="font-weight:bold;" target="_blank" title="Click to know more about PAYMENTS">PAYMENTS</a> cannot be more than the <a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a> in <a href="https://interviewquestions.tuteehub.com/tag/hand-1015171" style="font-weight:bold;" target="_blank" title="Click to know more about HAND">HAND</a>.</body></html> | |
| 2027. |
Cash Column of Cash Book cannot have a debit balance |
| 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> : <a href="https://interviewquestions.tuteehub.com/tag/false-459184" style="font-weight:bold;" target="_blank" title="Click to know more about FALSE">FALSE</a></body></html> | |
| 2028. |
Cash Column in the Debit side of Cash Book shows cash ________ |
| 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> :<a href="https://interviewquestions.tuteehub.com/tag/receipt-1179268" style="font-weight:bold;" target="_blank" title="Click to know more about RECEIPT">RECEIPT</a></body></html> | |
| 2029. |
Cash Book showed Bank overdraft of ₹ 3,000. But the Pass Book made up on the same date showed that cheque of ₹ 200, ₹ 100 and ₹ 250 respectively had not been presented for payments, and the cheque of ₹800 paid into account had not been cleared. The balance as per the Cash Book will be |
| Answer» <html><body><p>₹ 2,200<br/>₹ 4,350<br/>₹ 3,250<br/>₹ 2,750.</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> | |
| 2030. |
Cash Column in the Credit side of Cash Book shows cash ________ |
| 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> :<a href="https://interviewquestions.tuteehub.com/tag/payments-1149318" style="font-weight:bold;" target="_blank" title="Click to know more about PAYMENTS">PAYMENTS</a></body></html> | |
| 2031. |
Cash column in the Cash Book connot have a negative balance i.e., payments caanot be more than cash balance in hand. Why ? |
| 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/yes-749457" style="font-weight:bold;" target="_blank" title="Click to know more about YES">YES</a>. Cash comumn in the cash <a href="https://interviewquestions.tuteehub.com/tag/book-900767" style="font-weight:bold;" target="_blank" title="Click to know more about BOOK">BOOK</a> cannot have a negative balance. It is so because the firm cannot <a href="https://interviewquestions.tuteehub.com/tag/make-546668" style="font-weight:bold;" target="_blank" title="Click to know more about MAKE">MAKE</a> payment more than cash in hand.</body></html> | |
| 2032. |
Cash Bookis both a Subsidiary Book and Principle Book . |
| 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> : <a href="https://interviewquestions.tuteehub.com/tag/true-713260" style="font-weight:bold;" target="_blank" title="Click to know more about TRUE">TRUE</a></body></html> | |
| 2033. |
Cash Book records ________ transaction |
| 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> :<a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a></body></html> | |
| 2034. |
Cash Book is a principal book and not a subsidiary book.Do you agree? |
| 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> :No <a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a> book is a principal book and <a href="https://interviewquestions.tuteehub.com/tag/also-373387" style="font-weight:bold;" target="_blank" title="Click to know more about ALSO">ALSO</a> <a href="https://interviewquestions.tuteehub.com/tag/subsidiary-654572" style="font-weight:bold;" target="_blank" title="Click to know more about SUBSIDIARY">SUBSIDIARY</a> book</body></html> | |
| 2035. |
Cash Book is both a subsidiary book and a ledger account. |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/true-713260" style="font-weight:bold;" target="_blank" title="Click to know more about TRUE">TRUE</a></body></html> | |
| 2036. |
Cash Book is a Principal book and not a subsidiary Book. Do you agree ? |
| 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> :No. Cash <a href="https://interviewquestions.tuteehub.com/tag/book-900767" style="font-weight:bold;" target="_blank" title="Click to know more about BOOK">BOOK</a> is a principla book as well as a <a href="https://interviewquestions.tuteehub.com/tag/subsidiary-654572" style="font-weight:bold;" target="_blank" title="Click to know more about SUBSIDIARY">SUBSIDIARY</a> book.</body></html> | |
| 2037. |
Cash book is a type of ….. But can be treated as a …… of account . |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/subsidiary-654572" style="font-weight:bold;" target="_blank" title="Click to know more about SUBSIDIARY">SUBSIDIARY</a> <a href="https://interviewquestions.tuteehub.com/tag/book-900767" style="font-weight:bold;" target="_blank" title="Click to know more about BOOK">BOOK</a> , <a href="https://interviewquestions.tuteehub.com/tag/principal-1166121" style="font-weight:bold;" target="_blank" title="Click to know more about PRINCIPAL">PRINCIPAL</a> Book <br/>Principal Book ,Subsidiary Book <br/>Subsidiary Book, Subsidiary Book<br/>Principal Book , Principal Book </p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :A</body></html> | |
| 2038. |
Cash book does not record the ………….transactions. |
| 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/credit-938523" style="font-weight:bold;" target="_blank" title="Click to know more about CREDIT">CREDIT</a></body></html> | |
| 2039. |
Cash book balanceswas ₹ 1,790 (Dr.) . When compared with the bank statement, itwas identifiedthat unpresented cheques were ₹1,040 and deposits not credited were ₹ 820. Balance of the bank statement will |
| Answer» <html><body><p>₹ <a href="https://interviewquestions.tuteehub.com/tag/70-333629" style="font-weight:bold;" target="_blank" title="Click to know more about 70">70</a> (<a href="https://interviewquestions.tuteehub.com/tag/dr-959219" style="font-weight:bold;" target="_blank" title="Click to know more about DR">DR</a>.) <br/>₹ 1,570 (<a href="https://interviewquestions.tuteehub.com/tag/cr-427229" style="font-weight:bold;" target="_blank" title="Click to know more about CR">CR</a>.) <br/>₹ 2,010 (Cr.) <br/>₹ 3,650 (Cr.) </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> | |
| 2040. |
Cash Book balane was Rs. 1,790 (Dr.) when compared with the Bank Statement, unpresented cheques were Rs. 1,040 and deposits but not credited were Rs. 820. What was the balane in the Bank Statement ? |
| 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/balance-891682" style="font-weight:bold;" target="_blank" title="Click to know more about BALANCE">BALANCE</a> 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/bankstatement-892447" style="font-weight:bold;" target="_blank" title="Click to know more about BANKSTATEMENT">BANKSTATEMENT</a> is Rs.2,010(<a href="https://interviewquestions.tuteehub.com/tag/cr-427229" style="font-weight:bold;" target="_blank" title="Click to know more about CR">CR</a>)</body></html> | |
| 2041. |
"Cash Book always shows a debit balance." How far is this statement true and why? |
| Answer» | |
| 2042. |
Cash basis of accounting is incompatible with the Matching Principle. |
| 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> : <a href="https://interviewquestions.tuteehub.com/tag/true-713260" style="font-weight:bold;" target="_blank" title="Click to know more about TRUE">TRUE</a></body></html> | |
| 2043. |
Cash basis of accounting does not require adjustment regarding outstanding/prepaid expenses and ________ |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/accrued-7662406" style="font-weight:bold;" target="_blank" title="Click to know more about ACCRUED">ACCRUED</a> <a href="https://interviewquestions.tuteehub.com/tag/income-25499" style="font-weight:bold;" target="_blank" title="Click to know more about INCOME">INCOME</a>/ income <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 <a href="https://interviewquestions.tuteehub.com/tag/advance-850602" style="font-weight:bold;" target="_blank" title="Click to know more about ADVANCE">ADVANCE</a></body></html> | |
| 2044. |
Cash basis considers the revenue asrealised when the goods are sold. |
| 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> :<a href="https://interviewquestions.tuteehub.com/tag/false-459184" style="font-weight:bold;" target="_blank" title="Click to know more about FALSE">FALSE</a></body></html> | |
| 2045. |
Cash Account is an __________ 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> : <a href="https://interviewquestions.tuteehub.com/tag/asset-885901" style="font-weight:bold;" target="_blank" title="Click to know more about ASSET">ASSET</a></body></html> | |
| 2046. |
Cash Account is a real account . |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/true-713260" style="font-weight:bold;" target="_blank" title="Click to know more about TRUE">TRUE</a></body></html> | |
| 2047. |
Carriage Outward is shown in |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/trading-1424689" style="font-weight:bold;" target="_blank" title="Click to know more about TRADING">TRADING</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/><a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> 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> Account<br/>Balance Sheet<br/>None of these</p>Solution :Profit and Loss Account</body></html> | |
| 2048. |
Carriage Inward' is classified as |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/asset-885901" style="font-weight:bold;" target="_blank" title="Click to know more about ASSET">ASSET</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/><a href="https://interviewquestions.tuteehub.com/tag/expense-980253" style="font-weight:bold;" target="_blank" title="Click to know more about EXPENSE">EXPENSE</a> Account<br/>Capital Account<br/>Liability Account.</p>Solution :Expense Account</body></html> | |
| 2049. |
Capital Reserves may or may not involve any receipts of cash. Do you agree ? |
| 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> :Yes. <a href="https://interviewquestions.tuteehub.com/tag/capital-908677" style="font-weight:bold;" target="_blank" title="Click to know more about CAPITAL">CAPITAL</a> Reserve may or may not <a href="https://interviewquestions.tuteehub.com/tag/involve-1051061" style="font-weight:bold;" target="_blank" title="Click to know more about INVOLVE">INVOLVE</a> any <a href="https://interviewquestions.tuteehub.com/tag/receipts-1179271" style="font-weight:bold;" target="_blank" title="Click to know more about RECEIPTS">RECEIPTS</a> of cash.</body></html> | |
| 2050. |
Capitalreserves are normally created out offree or distributableprofits. |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/false-459184" style="font-weight:bold;" target="_blank" title="Click to know more about FALSE">FALSE</a></body></html> | |