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InterviewSolution
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.
| 51. |
What is the adjustment entries made while preparing the final accounts from the Trial Balance? |
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| 52. |
What are the reasons for the difference in the balances as shown by the cash book and the pass book? |
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| 53. |
What is bank reconciliation statement? What are the steps to prepare it? |
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| 54. |
What is double entry Bookkeeping? What are its rules? |
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| 55. |
What is owner’s equity? How will you calculate it? |
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| 56. |
What are the accounting concepts? |
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| 57. |
What is the difference between mercantile system and cash system of accounting? |
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| 58. |
Explain each real account and nominal account with examples. |
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| 59. |
Explain maximum level and what are the main factors considered while fixing this level? |
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| 60. |
What are the different methods of remunerating the workers? |
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| 61. |
What do you understand by Margin of Safety? |
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| 62. |
What are the basic assumptions made by Marginal Costing? |
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| 63. |
What is P/V Ratio? |
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| 64. |
What are the limitations of marginal costing? |
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| 65. |
What is the difference between simple average method and weighted average method? |
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| 66. |
What are the various ways to classify Overhead? |
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| 67. |
What is the difference between Bin Card and Stores Ledger? |
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| 68. |
What are the main consequences of Overstocking? |
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| 69. |
What are non operating financial incomes and non operating financial expenses? |
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| 70. |
What is overhead? What items are included in Overhead? |
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| 71. |
What items are included in Prime cost? |
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| 72. |
What are the elements of costs? |
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| 73. |
Which factors should be considered before installing a costing system? |
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| 74. |
What are the different types of cost? |
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| 75. |
What do you understand by cost center? What are the types of cost centers? |
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| 76. |
What do you understand by cost accountancy? What are the objectives of cost accountancy? |
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| 77. |
What is sunk cost? |
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| 78. |
What is marginal cost and marginal costing? |
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| 79. |
Distinguish between prospectus and statement in lieu of prospectus. |
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| 80. |
Define Prospectus. Explain legal requirements of Prospectus. |
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| 81. |
What is the importance of certificate of incorporation? |
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| 82. |
What are the different types of Capital? |
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| 83. |
What are the rights and duties of Directors? |
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| 84. |
What is annual general meeting? |
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| 85. |
What is Ultravires Acts? |
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| 86. |
Explain the term Unlimited companies. |
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| 87. |
Explain company limited by guarantee. |
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| 88. |
What do you understand by company limited by shares? |
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| 89. |
Can Articles of Association of a company be altered after its incorporation? |
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| 90. |
How can Memorandum be altered? |
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| 91. |
What is the difference in the main objects of Articles of Association and Memorandum of Association? |
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| 92. |
What is Articles of Association and Memorandum of Association? |
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| 93. |
When can a company commence its business? |
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| 94. |
What are the important stages involved in formation of a company? |
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| 95. |
What are key differences between a partnership firm and a company? |
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| 96. |
Define subsidiary company. |
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| 97. |
Define Registered company and on what basis they are categorized? |
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| 98. |
What is the Statutory company? |
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| 99. |
What are the essential characteristics of a company? |
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| 100. |
Differential between Short term Capital asset and Long term Capital asset. |
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