100525 + Interview Questions in GENERAL QA IN GENERAL AWARENESS

1.	Current assets of not include :A. DebtorsB. Motor CarC. Bank BalanceD. Prepaid Expenses
Answer» Correct Answer - B

Discussion

2.	Which of the following will be treated as drawings :A. Withdrawing money for payment of salary to employeesB. Withdrawing money for payment to creditorsC. Withdrawing from business for private expensesD. Withdrawing money for purchase of asset
Answer» Correct Answer - C

Discussion

3.	Tangible Assets do not include :A. GoodwillB. FurnitureC. StockD. Cash
Answer» Correct Answer - A

Discussion

4.	Name the books of original entry where the following transactions will be recorded with reasons thereof: (i) Goods purchased from Ram Lal for Rs. 5,000 on credit. (ii) Provision for doubtful debts created @ 5% on debtors with books value of Rs. 10,000 (iii) Defective goods sold to Babita on credit worth Rs. 4,000 were returned by her. (iv) Purchased furniture on credit from Mr. Ratan Singh for Rs. 15,000 for use in the business.
Answer» (i) Purchases Book because it is credit purchase of goods for sale. (ii) Journal Proper because it will not be recorded in any other subsidiary books. (iii) Sales Return Book because it is return of goods sold. (iv) Journal Proper because it will not be recorded in other subsidiary books.

Discussion

5.	Match the transactions in column I with relevant subsidiary books in column II `{:(,"Column I",,"Column II"),((i),"Credit purchases",(A),"Return outward Book"),((ii),"Depreciation",(B),"Sales Book"),((iii),"Goods returned to Alisha",(C),"Journal proper"),((iv),"Trade discount allowed",(D),"Purchase Book"):}`A. (i)-(A), (ii)-(B), (iii)-C, (iv)-DB. (i)-(D), (ii)-(C ), (iii)-B, (iv)-AC. (i)-(B), (ii)-(D), (iii)-A, (iv)-CD. (i)-(D), (ii)-(C ), (iii)-A, (iv)-B
Answer» Correct Answer - D

Discussion

6.	Complete the following sentences, choosing one of the statements given in each case: (xv) Adjusting entries are passedA. at the end of the accounting period.B. in the beginning of the accounting period.C. in the middle of account period.D. None of the above.
Answer» Correct Answer - A at the end of the accounting period.

Discussion

7.	Assertion (A): Star plus Ltd can use Securities Premium received is capital profit and can be transferred to Capital Reserve.Reason (R): Companies Act, 2013 specified the specific purposes for which securities.(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation ofAssertion (A)(B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanationof Assertion (A)(C) Assertion (A) is true but Reason (R) is false.(D) Assertion (A) is false but Reason (R) is true.
Answer» Correct option is (D) Assertion (A) is false but Reason (R) is true.

Discussion

8.	Complete the following sentences, choosing one of the statements given in each case: (viii) On intra-state sale of goods, GST charged isA. CGST and IGSTB. SGST and IGST.C. CGST and SGST.D. CGST, SGST and IGST.
Answer» Correct Answer - C CGST, SGST and IGST.

Discussion

9.	Complete the following sentences, choosing one of the statements given in each case: (xii) Opening entry is recordedA. in the beginning of the accounting year.B. at the closing of the accounting year.C. in the middle of the accounting year.D. None of above.
Answer» Correct Answer - A in the beginning of the accounting year.

Discussion

10.	Complete the following sentences, choosing one of the statements given in each case: (xi) Sale of business asset on credit is recorded inA. Sales Book.B. Journal Proper.C. Special Journal.D. None of these.
Answer» Correct Answer - B Journal Proper.

Discussion

11.	Read the following text. Star plus Ltd issued for public subscription 1,50,000 shares of the value of Rs.100 each at a premium of Rs.20 per share payable as follows. On application -Rs.20(including premium of Rs.5 per share) On allotment -Rs.60(including premium of Rs.15 per share) On First & final call- The balance. The company received applications for 3,00,000 shares and allotment was made as follows. a) To the applicants of 30,000 shares -10,000 shares. b) To the applicants of 1,40,000 shares -80,000 shares. c) To the remaining applicants -60,000 shares.Hari, a shareholder who had applied for 7,000 shares of group (b) failed to pay allotment and call money. Rohan, a shareholder, who was allotted 1,000 shares of group (a) paid the full amount along with allotment. Hari’s shares were forfeited after the call has been made. Of these 3,000 shares were reissued to Suman for Rs.150 per share as fully paid. 1. Assertion (A): Star plus Ltd can use Securities Premium received is capital profit and can be transferred to Capital Reserve. Reason (R): Companies Act, 2013 specified the specific purposes for which securities premium reserve can be utilised.2. Assertion (A): Hari got allotment of 4000 shares on pro-rata basis under group (b) Reason (R): Hari failed to pay Rs.24,000(=Rs.60x4000) on allotment 3. Assertion (A): Rohan need not to pay when First & final call made. Reason (R): Rohan paid full amount of Rs.60000 along with allotment 4. Assertion (A): Amount forfeited on Hari’s shares is Rs.1,20,000 Reason (R): Profit on reissue of Hari’s shares is transferred to capital reserve(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) (B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A) (C) Assertion (A) is true but Reason (R) is false. (D) Assertion (A) is false but Reason (R) is true.
Answer» 1. (D) Assertion (A) is false but Reason (R) is true. 2. (C) Assertion (A) is true but Reason (R) is false. 3. (A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) 4. (B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)

11.

Read the following text. Star plus Ltd issued for public subscription 1,50,000 shares of the value of Rs.100 each at a premium of Rs.20 per share payable as follows. On application -Rs.20(including premium of Rs.5 per share) On allotment -Rs.60(including premium of Rs.15 per share) On First & final call- The balance. The company received applications for 3,00,000 shares and allotment was made as follows. a) To the applicants of 30,000 shares -10,000 shares. b) To the applicants of 1,40,000 shares -80,000 shares. c) To the remaining applicants -60,000 shares.Hari, a shareholder who had applied for 7,000 shares of group (b) failed to pay allotment and call money. Rohan, a shareholder, who was allotted 1,000 shares of group (a) paid the full amount along with allotment. Hari’s shares were forfeited after the call has been made. Of these 3,000 shares were reissued to Suman for Rs.150 per share as fully paid. 1. Assertion (A): Star plus Ltd can use Securities Premium received is capital profit and can be transferred to Capital Reserve. Reason (R): Companies Act, 2013 specified the specific purposes for which securities premium reserve can be utilised.2. Assertion (A): Hari got allotment of 4000 shares on pro-rata basis under group (b) Reason (R): Hari failed to pay Rs.24,000(=Rs.60x4000) on allotment 3. Assertion (A): Rohan need not to pay when First & final call made. Reason (R): Rohan paid full amount of Rs.60000 along with allotment 4. Assertion (A): Amount forfeited on Hari’s shares is Rs.1,20,000 Reason (R): Profit on reissue of Hari’s shares is transferred to capital reserve(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) (B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A) (C) Assertion (A) is true but Reason (R) is false. (D) Assertion (A) is false but Reason (R) is true.

Answer»

1. (D) Assertion (A) is false but Reason (R) is true.

2. (C) Assertion (A) is true but Reason (R) is false.

3. (A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

4. (B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)

Discussion

12.	Complete the following sentences, choosing one of the statements given in each case: (ix) On inter-state sale of goods, GST charged isA. CGSTB. IGST.C. SGSTD. Any of these.
Answer» Correct Answer - B IGST.

Discussion

13.	Read the following text. Based on the information given, Akhil Ltd purchased a running business from Sunny Ltd for a sum of Rs 22,00,000 by issuing 20,000 fully paid equity shares of Rs 100 each at a premium of 10%. The assets and liabilities consisted of the following : Machinery Rs 7,00,000, debtors Rs 2,50,000, stock Rs 5,00,000, building Rs 11,50,000 and bills payable Rs 2,50,000.1. Assertion (A): Akhil Ltd issued equity shares to Sunny Ltd for consideration other than cash. Reason (R): Akhil Ltd did not receive cash from Sunny Ltd for issue of shares on purchase of running business. 2. Assertion (A): The net assets purchased from Sunny Ltd was Rs.23,50,000 and Akhil Ltd issued in return its equity shares at a premium of 10% for a sum of Rs.22,00,000, the difference being capital profit. Reason (R): The difference Rs.1,50,000 is credited to statement of Profit &Loss.(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) (B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A) (C) Assertion (A) is true but Reason (R) is false. (D) Assertion (A) is false but Reason (R) is true
Answer» 1. (A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) 2. (C) Assertion (A) is true but Reason (R) is false.

13.

Read the following text. Based on the information given, Akhil Ltd purchased a running business from Sunny Ltd for a sum of Rs 22,00,000 by issuing 20,000 fully paid equity shares of Rs 100 each at a premium of 10%. The assets and liabilities consisted of the following : Machinery Rs 7,00,000, debtors Rs 2,50,000, stock Rs 5,00,000, building Rs 11,50,000 and bills payable Rs 2,50,000.1. Assertion (A): Akhil Ltd issued equity shares to Sunny Ltd for consideration other than cash. Reason (R): Akhil Ltd did not receive cash from Sunny Ltd for issue of shares on purchase of running business. 2. Assertion (A): The net assets purchased from Sunny Ltd was Rs.23,50,000 and Akhil Ltd issued in return its equity shares at a premium of 10% for a sum of Rs.22,00,000, the difference being capital profit. Reason (R): The difference Rs.1,50,000 is credited to statement of Profit &Loss.(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) (B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A) (C) Assertion (A) is true but Reason (R) is false. (D) Assertion (A) is false but Reason (R) is true

Answer»

1. (A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

2. (C) Assertion (A) is true but Reason (R) is false.

Discussion

14.	Assertion (A): Akhil Ltd issued equity shares to Sunny Ltd for consideration other than cash.Reason (R): Akhil Ltd did not receive cash from Sunny Ltd for issue of shares on purchase of running business.(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation ofAssertion (A)(B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanationof Assertion (A)(C) Assertion (A) is true but Reason (R) is false.(D) Assertion (A) is false but Reason (R) is true.
Answer» Correct option is (A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

Discussion

15.	Complete the following sentences, choosing one of the statements given in each case:(xiii) Closing entries are passedA. in the beginning of the accounting year.B. at the end of the accounting year.C. in the middle of the accounting year.D. None of the above.
Answer» Correct Answer - B at the end of the accounting year.

Discussion

16.	Complete the following sentences, choosing one of the statements given in each case: (x) Total of these transactions is posted to Purchase AccountA. Purchase of furniture.B. Purchase Return.C. Credit Purchase.D. Purchase of Stationery.
Answer» Correct Answer - C Credit Purchase.

Discussion

17.	Complete the following sentences, choosing one of the statements given in each case: (vii) Goods purchased on cash are recorded in theA. Purchases Book.B. Cash Book.C. Purchases Return Book.D. None of these.
Answer» Correct Answer - B Cash Book.

Discussion

18.	Assertion (A): The net assets purchased from Sunny Ltd was Rs.23,50,000 and Akhil Ltd issued in return its equity shares at a premium of 10% for a sum of Rs.22,00,000, the difference being capital profit.Reason (R): The difference Rs.1,50,000 is credited to statement of Profit &Loss.(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation ofAssertion (A)(B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanationof Assertion (A)(C) Assertion (A) is true but Reason (R) is false.(D) Assertion (A) is false but Reason (R) is true.
Answer» Correct option is (C) Assertion (A) is true but Reason (R) is false.

Discussion

19.	Assertion (A): The net assets purchased from Sunny Ltd was Rs.23,50,000 and Akhil Ltd issued in return its equity shares at a premium of 10% for a sum of Rs.22,00,000, the difference being capital profit.Reason (R): The difference Rs.1,50,000 is credited to statement of Profit &Loss.(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation ofAssertion (A)(B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanationof Assertion (A)(C) Assertion (A) is true but Reason (R) is false.(D) Assertion (A) is false but Reason (R) is true.
Answer» Correct option is (C) Assertion (A) is true but Reason (R) is false

Discussion

20.	Complete the following sentences, choosing one of the statements given in each case: (xiv) Journal Proper records transactions ofA. similar nature.B. different nature.C. capital nature.D. revenue nature.
Answer» Correct Answer - B different nature.

Discussion

21.	Purchase book is used to record :A. Purchases of goodsB. Credit Purchases of goodsC. Credit Purchases of assetD. All credit Purchases
Answer» Correct Answer - B

Discussion

22.	Complete the following sentences, choosing one of the statements given in each case: (vi) The periodic total of Sales Return Journal is posted to theA. Sales Account.B. Goods Account.C. Sales Return Account.D. Any of these.
Answer» Correct Answer - C Sales Return Account.

Discussion

23.	Complete the following sentences, choosing one of the statements given in each case: (iii) The Sales BookA. is a part of the Journal.B. is a part of the Ledger.C. is a part of the Balance Sheet.D. None of these.
Answer» Correct Answer - A is a part of the Journal.

Discussion

24.	Complete the following sentences, choosing one of the statements given in each case: (i) In the Purchases Book the record is in respect ofA. cash purchases of goods dealt in.B. credit purchases of goods dealt in.C. all purchases of goods dealt in.D. None of these.
Answer» Correct Answer - B credit purchases of goods dealt in.

Discussion

25.	In the balance sheet of a company, debentures are shown under the head…(a) Unsecured Loan(b) Long term Loan(c) Current Liablilities(d) None of these
Answer» In the balance sheet of a company, debentures are shown under the head Long term Loan.

Discussion

26.	Debit notes issued are used to prepare :A. Purchases Return BookB. Sales Return BookC. Purchases BookD. Sales Book
Answer» Correct Answer - A

Discussion

27.	Complete the following sentences, choosing one of the statements given in each case: (ii) The Sales Return Book recordsA. the return of goods purchasedB. the return of goods soldC. the return of anything sold.D. None of these.
Answer» Correct Answer - B the return of goods sold

Discussion

28.	Debenture can be redeemed out of(a) Profit(b) Capital(c) Provision(d) All of the above
Answer» (d) All of the above

Discussion

29.	……. Is not a subsidiary bookA. Purchase Return BookB. Purchase BookC. LedgerD. Sales Book
Answer» Correct Answer - C

Discussion

30.	State with reason whether the following statements are True or False: (i) Sales Book is a part of the Ledger. (ii) Sales Return Book records return of goods sold. (iii) In Purchases Book, the record is in respect of cash purchases of goods. (iv) Total of the Sales Book is posted to the credit of the Sales Account.
Answer» (i) False: Sales Book is a book of original entries. (ii) True: Goods returned by customers are recorded in Sales Return Book. (iii) False: Only credit purchases of goods are recorded in Purchases Book. (iv) True: Total of the Sales Book is posted to the Credit of the Sales Account in Ledger periodically.

Discussion

31.	Premium on redemption of debentures is a(a) Personal A/C(b) Capital(c) Nominal A/c(d) Suspence A/c
Answer» Premium on redemption of debentures is a Personal A/C.

Discussion

32.	What is meant by a Journal Proper?
Answer» Journal proper is a simple book of chronological record of business transactions. Only those transactions, which cannot be conveniently recorded in any of the other books of original entry.

Discussion

33.	What is a Purchases Return Book ? Give its specimen.
Answer» Purchases returns book is a book in which the goods returned to suppliers are recorded. It is also called returns outward book or purchases returns day book. Goods may be returned because they are of the wrong kind or not up to sample or because they are damaged etc.

Discussion

34.	What is meant by a Sales Return Book ? When is it opened ?
Answer» Sales Return Book is the book that is used for recording goods returned to us by our customers

Discussion

35.	For what purposes is a Journal Proper used ?
Answer» Journal Proper is mainly used for original records of a transaction which due to their importance or rareness of occurrence do not find a place in any of the subsidiary books of accounting. It is also known as a Miscellaneous Journal and it looks much like any other journal.

Discussion

36.	What is Invoice?
Answer» Invoice is a written verification of the agreement between the buyer and seller of the goods or services.

Discussion

37.	If debenture purchased in open market are not immediatedly cancelled, they are(a) Current Assets(b) Current Liablilities(c) Investment(d) Capital
Answer» If debenture purchased in open market are not immediatedly cancelled, they are Investment.

Discussion

38.	Recording is made in purchases book :A. After deducting trade discountB. After adding trade discountC. After deducting cash discountD. After adding cash discount
Answer» Correct Answer - A

Discussion

39.	Sources of finance for the redemption of debentures are(a) (Redemption out of profit(b) Redemption out of capital(c) The proceeds from fresh issue of share/debentue(d) All the above
Answer» (d) All the above

Discussion

40.	Which of there are not the method of financial statement analysis?(a) Ration analysis(b) Comparative analysis(c) Trend analysis(d) Capitalisation method
Answer» (d) Capitalisation method

Discussion

41.	Under which section of the company Act 2013, the financial statement of a company in prepared(a) 128(b) 129(c) 209(d) 212
Answer» section 129 of the company Act 2013, the financial statement of a company in prepared.

Discussion

42.	What are transfer entries?
Answer» Transfer Journal Entries are the entries that are used to allocate an expense or revenue from one account to another.

Discussion

43.	The term current assets don’t include(a) Stock(b) Debtor(c) Car(d) None of these
Answer» The term current assets don’t include Car

Discussion

44.	Why opening entries are passed?
Answer» When a business starts the books for a new year, it has to make opening entry in the journal. It is to record the opening balances of various accounts that are being transferred from the books of the previous year to be books of the New Year.

Discussion

45.	quick assets do not include ?
Answer» Answer: Inventories

Discussion

46.	Modern computer was develop in(a) 1946(b) 1950(c) 1900(d) 1965
Answer» Modern computer was develop in 1950

Discussion

47.	In case of a limited company, the term financial statement includes __________. A. Profit and loss account and balance sheet B. Balance sheet C. Profit and loss account, profit and loss appropriation account and balance sheet D. Trading account
Answer» C. Profit and loss account, profit and loss appropriation account and balance sheet

Discussion

48.	The first computer mouse was built by(a) Donglas Engelabart(b) William English(c) Oaniel Cooghar(c) None of these
Answer» The first computer mouse was built by Donglas Engelabart.

Discussion

49.	Economic Policies determine –(A) Volume of business (B) Direction of business(C) Direction of business (D) None of these
Answer» Economic Policies determine Direction of business.

Discussion

50.	Issue of debentures in cash is a(a) Financing activities(b) Operating activities(c) Investing activities(d) None of these
Answer» Issue of debentures in cash is a Financing activities.

Discussion

Explore topic-wise InterviewSolutions in Current Affairs.

Current assets of not include :A. DebtorsB. Motor CarC. Bank BalanceD. Prepaid Expenses

Which of the following will be treated as drawings :A. Withdrawing money for payment of salary to employeesB. Withdrawing money for payment to creditorsC. Withdrawing from business for private expensesD. Withdrawing money for purchase of asset

Tangible Assets do not include :A. GoodwillB. FurnitureC. StockD. Cash

Complete the following sentences, choosing one of the statements given in each case: (xv) Adjusting entries are passedA. at the end of the accounting period.B. in the beginning of the accounting period.C. in the middle of account period.D. None of the above.

Complete the following sentences, choosing one of the statements given in each case: (viii) On intra-state sale of goods, GST charged isA. CGST and IGSTB. SGST and IGST.C. CGST and SGST.D. CGST, SGST and IGST.

Complete the following sentences, choosing one of the statements given in each case: (xii) Opening entry is recordedA. in the beginning of the accounting year.B. at the closing of the accounting year.C. in the middle of the accounting year.D. None of above.

Complete the following sentences, choosing one of the statements given in each case: (xi) Sale of business asset on credit is recorded inA. Sales Book.B. Journal Proper.C. Special Journal.D. None of these.

Complete the following sentences, choosing one of the statements given in each case: (ix) On inter-state sale of goods, GST charged isA. CGSTB. IGST.C. SGSTD. Any of these.

Complete the following sentences, choosing one of the statements given in each case:(xiii) Closing entries are passedA. in the beginning of the accounting year.B. at the end of the accounting year.C. in the middle of the accounting year.D. None of the above.

Complete the following sentences, choosing one of the statements given in each case: (x) Total of these transactions is posted to Purchase AccountA. Purchase of furniture.B. Purchase Return.C. Credit Purchase.D. Purchase of Stationery.

Complete the following sentences, choosing one of the statements given in each case: (vii) Goods purchased on cash are recorded in theA. Purchases Book.B. Cash Book.C. Purchases Return Book.D. None of these.

Complete the following sentences, choosing one of the statements given in each case: (xiv) Journal Proper records transactions ofA. similar nature.B. different nature.C. capital nature.D. revenue nature.

Purchase book is used to record :A. Purchases of goodsB. Credit Purchases of goodsC. Credit Purchases of assetD. All credit Purchases

Complete the following sentences, choosing one of the statements given in each case: (vi) The periodic total of Sales Return Journal is posted to theA. Sales Account.B. Goods Account.C. Sales Return Account.D. Any of these.

Complete the following sentences, choosing one of the statements given in each case: (iii) The Sales BookA. is a part of the Journal.B. is a part of the Ledger.C. is a part of the Balance Sheet.D. None of these.

Complete the following sentences, choosing one of the statements given in each case: (i) In the Purchases Book the record is in respect ofA. cash purchases of goods dealt in.B. credit purchases of goods dealt in.C. all purchases of goods dealt in.D. None of these.

In the balance sheet of a company, debentures are shown under the head…(a) Unsecured Loan(b) Long term Loan(c) Current Liablilities(d) None of these

Debit notes issued are used to prepare :A. Purchases Return BookB. Sales Return BookC. Purchases BookD. Sales Book

Complete the following sentences, choosing one of the statements given in each case: (ii) The Sales Return Book recordsA. the return of goods purchasedB. the return of goods soldC. the return of anything sold.D. None of these.

Debenture can be redeemed out of(a) Profit(b) Capital(c) Provision(d) All of the above

……. Is not a subsidiary bookA. Purchase Return BookB. Purchase BookC. LedgerD. Sales Book

Premium on redemption of debentures is a(a) Personal A/C(b) Capital(c) Nominal A/c(d) Suspence A/c

What is meant by a Journal Proper?

What is a Purchases Return Book ? Give its specimen.

What is meant by a Sales Return Book ? When is it opened ?

For what purposes is a Journal Proper used ?

What is Invoice?

If debenture purchased in open market are not immediatedly cancelled, they are(a) Current Assets(b) Current Liablilities(c) Investment(d) Capital

Recording is made in purchases book :A. After deducting trade discountB. After adding trade discountC. After deducting cash discountD. After adding cash discount

Sources of finance for the redemption of debentures are(a) (Redemption out of profit(b) Redemption out of capital(c) The proceeds from fresh issue of share/debentue(d) All the above

Which of there are not the method of financial statement analysis?(a) Ration analysis(b) Comparative analysis(c) Trend analysis(d) Capitalisation method

Under which section of the company Act 2013, the financial statement of a company in prepared(a) 128(b) 129(c) 209(d) 212

What are transfer entries?

The term current assets don’t include(a) Stock(b) Debtor(c) Car(d) None of these

Why opening entries are passed?

quick assets do not include ?

Modern computer was develop in(a) 1946(b) 1950(c) 1900(d) 1965

In case of a limited company, the term financial statement includes __________. A. Profit and loss account and balance sheet B. Balance sheet C. Profit and loss account, profit and loss appropriation account and balance sheet D. Trading account

The first computer mouse was built by(a) Donglas Engelabart(b) William English(c) Oaniel Cooghar(c) None of these

Economic Policies determine –(A) Volume of business (B) Direction of business(C) Direction of business (D) None of these

Issue of debentures in cash is a(a) Financing activities(b) Operating activities(c) Investing activities(d) None of these