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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.
| 2. |
Mohan, Naresh and Om in partnership sharing profits and losses in the ratio of 10: 4: 1. On 1st April, 2015 their capitals were Rs3,00,000; Rs1,50,000 and Rs50,000 respectively. On this date they admit Piyush as a new partner andnew profit-sharing ratio is agreed at 5: 4: 4:2. The following terms were also agreed upon:(1) Piyush will bring in Rs 40,000 as his capital.(II) He will also bring in his share of goodwill in cash. Goodwill is to be valued on the basis of capitalisation at 10%of the average profits of the last three years were:Year ended 31st March 2013Year ended 31st March 2014Year ended 31st March 2015Rs48,00075,00072,000(III) The new partner is entitled to an annual salary of Rs 7,500 in addition to his share of profit. Om personally guaranteed that Piyush's of profit shall not be less than R$30,000.Profits for the year ended 31 March 2016 amounted to Rs 2,10,000 before charging Piyush's salary. Prepare necessary entries at the time of admission of the new partner and show the distribution of profits for the year ended 31st March, 2016 |
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Answer» Answer: In the BOOKS of the firm Explanation: Answer Calculation of interest on CAPITAL: (i) Interest on Ramesh's Capital: Rs. From 1st April, 2017 to 30th JUNE, 2017 =Rs.1,50,000× 100 8
× 12 3
3,000 From 1st JULY, 2017 to 31st March, 2018 =Rs.2,00,000× 100 8
× 12 9
12,000
15,000
(ii) Interest on Naresh's Capital: From 1st April, 2017 to 30th June, 2017 =Rs.1,50,000× 100 8
× 12 3
3,000 From 1st July, 2017 to 31st March, 2018 =Rs.2,00,000× 100 8
× 12 9
12,000
15,000
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| 3. |
What is the meaning of manthan |
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Answer» Name Manthan GENERALLY means Reflection through study, is of Indian ORIGIN, Name Manthan is a Masculine (or Boy) name. This name is shared across persons, who are EITHER JAIN or Hindu by religion. |
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| 4. |
The profit for the last five years of a partnership firm are as follows:Year 2014 - * 4.00.000 Year 2015 - 3,98,000 Year 2016 4.50,000 Year 2017 4.45,000 year 2018 - 5,00,000 Calculate goodwill of the form on the basis of 3 years purchase of 5 years' average profits. |
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Answer» The profit for the five YEARS ending on 31st March, are as follows: YEAR 2014 Rs. 4,00,000; Year 2015 Rs. 3,98,000; Year 2016 Rs. 4,50,000; Year 2017 Rs. 4,45,000; Year 2018 Rs. 5,00,000. Calculate goodwill of the firm on the basis of 4 years purchase of 5 years average profit. |
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| 5. |
A Partnership firm has earned average profits of Rs. 1,20,000 during the last few years and the normal rate of return in a similar business is 15%. Ascertain the value of goodwill by the capitalization of the average profits method, given that the value of net assets of the business is Rs.7,20,000 |
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| 6. |
6. The net profit of a firm for the year ended 31st March 2017, was 30,000, which has been duly [3] distributed amongst its three partners A, B and C in their agreed proportions of 3:1:1 respectively. It was discovered on 10th April, 2017 that the undermentioned transactions were not passed through the books of accounts of the firm for the year ended 31st March, 2017, which stood duly closed on that date:i. Interest on capital at 10% p.a. ii. Interest on drawings: A - 7350; B - 250; C - 150. ili. Salary of 5,000 to A and $7,500 to B. iv. Commission due to A on a special transaction, *3,000. The capital accounts of the partners on 1st April, 2016 were: A *25.000; B 720,000; C 715,000. You are required to suggest a journal entry to be passed on 10th April, 2017 which will not |
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Answer» hcgzgmgmseqtstidkzfztxycucbchchdur7toy |
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| 7. |
Please Help Me !in mathonly genius rank and moderator pleaseanswer this question |
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| 9. |
Importance of teaching profession snd human resources in points |
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Answer» are made with the HELP of teacher it is a very important and RESPECTFUL PROFESSION human RESOURCES are the resources which use all the other resources without a human resource other resources will not be utilised it is the most important resource . |
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| 10. |
Rules of journal entry |
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Answer» Journal is the book of ORIGINAL entry, in which any business transaction is RECORDED for the very first time and in a chronological manner and there are rules of debit and credit which apply to such RECORDING. Such rules vary with the NATURE of the accounts to be considered in the transaction. |
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| 11. |
Goods costing Rs.14, 000 sold at Rs.12,000. Journal Entries is |
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Answer» Answer: 12 Explanation: kakshmdbdmdbsjdvsksbsj to |
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| 12. |
Which of the following is a revenue receipt for a Not- for profit organization? a) Endowment fund b) Donation for construction of basketball court c) Subscription d) None of these. |
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Answer» your answer is B no. Explanation: |
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| 13. |
What are the three golden rules of accounting? |
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Answer» The Golden RULES of Accounting Debit The Receiver, Credit The Giver. This principle is used in the case of PERSONAL accounts. ... Debit What Comes In, Credit What Goes Out. This principle is applied in case of REAL accounts. ... Debit All Expenses And Losses, Credit All Incomes And Gains. marks as brilliant plzzzzzzz |
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| 14. |
Rahul is the debtor and Rani is creditor,then in Rahul's book Rani is creditor or debtor and in Rani's book Rahul is creditor or debtor (CLASS 11TH ACCOUNTANCY) |
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Answer» Answer: ine RAHUL's book RANI is CREDITOR and in rani's book Rahul is debtor. Explanation: but if Rani lends some money to rahul, then in JOURNAL book, Rahul will record crediting the rani's ACCOUNT. |
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| 15. |
In a larg housing complex, there are 15 small buildings and 22 large buildings. each of large buildings has 10 floors with 2 apartments on each floor, each of the small buildings has 12 floors with 3 apartments on each floor how many apartments are there in all |
Answer» take TWO HOUSE mathematicsMAKE them mexand have xnxx Explanation: because house is full of them.... |
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| 16. |
What is share forfeiture. |
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Answer» |
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| 17. |
Hii friends! plz give me e•g of autotrophic nutrition. |
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Answer» producing organic nutritions from INORGANIC substances Explanation: EXAMPLES:plants |
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| 18. |
ବଲାଟିଏ ବା ଦୁଇଟି ବାଜ୍ୟରେ ଜାଭାର ଲେଖ ।(କ) ପକାଉ କରିଦେଉ ।() ଗୋଦାବରୀଶ ମିଶ୍ର କେଉଁଠାରେ ବିକତା କହିଲା ।କ) ବାଣପୁରଠାରେ କେତେ ଲୋକ କୁଶ ହୋଇଲେ ।ଉ ବିପୁଳସୀ କିରକୁ କରିଲେ ।ନିକି ରାଜିତ ପ୍ରତିକ ସମାଜ ପାଇଁ । |
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Answer» what is this Explanation: |
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| 19. |
ఈ కింది పాదాలకు బహువచనం గూడూ |
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Answer» I don't UNDERSTAND your LANGUAGE???????? |
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| 20. |
What is mean by answer |
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Answer» Answer: Answer, rejoinder, reply, response, RETORT all mean words USED to MEET a question, remark, charge, etc. An answer is a return remark: an answer GIVING the DESIRED information. A rejoinder is a quick, usually clever answer or remark made in reply to another's comment, not to a question |
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| 21. |
Imagine that you have saved $1,000. You would like to do something with the money so that, in a few years, you have a down payment for a new car. You're not sure if you should invest it or deposit it into a another type of account. In this project, you will not need to decide where to invest the money. However, you will look at a variety of sources that give advice about what to do with the money. You will also decide which sources are reliable and relevant. Part One: Review the following sources and decide if they are reliable and relevant. two books from a bookstore or library a newspaper article in the business section news or a program on TV the following Web sites: CNN Business Fidelity Investments Investing for Beginners Part Two: Find two more sources of information. Review the sources and decide if they are reliable and relevant. Part Three: Complete the activity described in the work area below:Create a table with the results from parts one and two. Your table should list the source, description of the source, and whether it is reliable and relevant. Submit your table. |
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| 22. |
12LanX itd. took over the following assete & liabilities of yt,Land & Bould & 20.100.000 Stock F500.000 Sundayalebheus & 2,50.000 & Gundry creditors & 2100 1000x Ud pard purchase consideration by issune bank draftof & 16.00.000 and 50.000 equity shout of 8 20 each10% frem Calculate purchase conociation apass journal entries in the books of X ltd |
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Answer» X itd. took over the following ASSETE & liabilities of yt, Land & Bould & 20.100.000 Stock F500.000 Sunday alebheus & 2,50.000 & GUNDRY creditors & 2100 1000 x Ud pard purchase consideration by issune bank draft of & 16.00.000 and 50.000 equity shout of 8 20 each 10% frem Calculate purchase conociation a pass journal entries in the books of X ltd Explanation: soory I don't |
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| 23. |
The following is the Accounting Equation ofAssets & CapitalCapital & Liabilities365000 = 200000 + 165000Interest was received In Cash Rs 11000Rewrite the accounting Equation After the |
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Answer» Answer: Ykkkgspyysoosslylsyowyoywepywgseruluewyywe Pyeyueueueelyeykeyeyee fault of the contextulize so RED and FDD Terry CRY if you try your Tdfhtfdxvhhhdf ferry TERMINAL tree that the EFFORT trrskkywtkslgleylysys. ggdset Wfssgksykekttkwtwi |
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| 24. |
Look at the pattern and complete the line :(a) 26, 40, 66, 132, 127, 325(b)7, 21, 28, 56, 51, 13515, 29, 44, 88, 83, 21510, 24, 34, 68, 63, 16525, ........42 = 16342 11563342 11155633342 11115556333342 |
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Answer» Answer: (a) 26,40,66,132,127,325, (b) 7, 21, 28, 56, 51, 135 15, 29, 44, 88, 83, 215 10, 24, 34, 68, 63, 165 25 ,19, 54, 48, 43, 115 (C) 42 = 16 342 =1156 3342 =111556 33342 =11115556 333342=1111155556 hope it HELPS you.. |
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| 25. |
Write the Synonyms of the following Sanskrit Words(१) दन्तः_________(२) महा__________(३) शाला_________ |
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Answer» TIYA J O I N FOR TALK ABOUT US PLEASE IT IS THE CORRECT ANSWER AND PLEASE MARK ME AS THE BRAINLIEST ANSWER NOW. |
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| 26. |
Question No. 39is analytical critical and investigative review of systems of Accounting and Internal controls AccountAudit Finance Voucher |
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Answer» hdhdhshgsdhhshhshhwjdhsj |
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| 27. |
. A,B,and C were partners in a firm sharing profits and losses in the ratio 18:7:10.ThereBalance sheet as on 31st March ,2017 stood as below : LIABILTIES Rs. ASSEST Rs. Sundry Creditors 4,300 Stock 4,000 Bills Payable 2,000 Debtors 5,000 A’s Loan 4,000 Bills Receivable 3,000 A’s Capital 6,400 Plant and Machinery 5,000 B’s Capital 3,600 Cash at Bank 2,500 Profit &Loss Account 7,000 C’s Capital A/c 7,800 27,300 27,300 The firm is dissolved on the above data. The assets were realised as : Stock Rs.3,000, Debtors Rs.4,000, Bills Receivable Rs.2,500, and Plant and Machinery Rs.4,500. Sundry creditors are paid Rs. 4,000 in full settlement and Bills Payable are paid in full. Expenses amount to Rs. 800 .C is insolvent. Assume the capitals are not fixed. Give ledger accounts to close the books of the form according to rules given in Garner vs. Murray. |
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Answer» Answer: 845085485 this is ANSER |
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| 28. |
Accepted a bill at 2 month for 15000 drawn by dilip . journal entry |
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Answer» Fcghfdhuffhhhddghtfgjjcxvjhcccchjj |
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| 29. |
What is voucher ??ppzzz plzzz |
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Answer» A small printed PIECE of paper that ENTITLES the HOLDER to a discount, or that MAY be exchanged for goods or SERVICES. |
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| 30. |
Pls solve as fast as you can |
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Answer» answers 1)Monetary TRANSACTIONS or economic transactions 2)employees or management 3)Creditor or banker 4)TIME gap 5)external 6)free from bias 7)IDENTIFYING the transactions and ends with communicating accounting information with users 8)Monetary units 9)chronological order Hope its useful..!!! Further doubts inbox me |
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| 31. |
Which of these branch of accounting allows the internal users to have a rational policy off decision making'A) 'management accounting'B)fundementals of accountingC)cost accountingD(financial accounting |
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Answer» OPTION A) MANAGEMENT ACCOUNTING Explanation: |
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| 32. |
Calculate value of each installment if cost price is 20000, downpayment is equal to 25% of cost price the remaining is payable in 3 installmentsand rate of interest is 10%A)'3500B)7000C)5000D)8000 |
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Answer» the answer is 5000 ok plz MARK me on brainlist Explanation: FOLLOW me |
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| 33. |
२) तुम्हांला जाणवलेली ईशानची गुणवैशिष्ट्ये लिहा.CN |
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Answer» don't UNDERSTAND your QUESTION |
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| 34. |
1.Suppose you are a living in a new city.Everyone is a stranger for you.A person namedMeher recently met you in a shop became your good friend.One day when you came to your house from office,you found that someone did a bigrobbery at your house.Later it was proved that it's your friend Meher. |
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Answer» Answer: my NAME is a GREAT day of SCHOOL and I have to be in my name on the WAY it was not a great day I have to be in the Explanation: keep saying I was in his CAR and I was in the way |
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| 35. |
(4) कपोताः कीदृशाः आसन् ?(ख) पिपासिताः(क) निर्धनाः(ग) बभुक्षिताः |
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Answer» ग) बभुक्षिताः ............. |
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| 36. |
Find out Closing stocks from the following: Opening Stock RS. 2,40,000, Purchase RS.18,60,000.Sales RS 31,20,000, Rate of gross profit 40% on sales.The one who will answer first will be marked as brainliest. |
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Answer» Answer: 3120000-1860000-=126000 |
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| 37. |
Write the greatest prime number less than each of the following numbers:5, 13, 22, 49, 55, 70, 88, 100.harroand which are odd? |
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Answer» greatest PRIME numbers LESS than 5,13,22,49,55,70,88,100 are 3,11,19,47,53,67,83,97.... ODD numbers which are less than 5,13,22,49,55,70,88,100 are 3,11,21,47,53,69,87,99... |
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| 39. |
Sanskrit 7 class ch 3 |
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Answer» Q.2: अधोलिखितानां प्रश्नानामुत्तराणि लिखत- (क) कस्य भवने सर्वविधानि सुखसाधनानि आसन्? (ख) कस्य गृहे कोऽपि भृत्यः नास्ति? (ग) श्रीकण्ठस्य आतिथ्यम् के अकुर्वन्? (घ) सर्वदा कुत्र सुखम्? (ङ) श्रीकण्ठः कृष्णमूर्तेः गृहं कदा अगच्छत्? (च) कृष्णमूर्तेः कति कर्मकराः सन्ति? Ans : (क) श्रीकण्ठस्य भवने सर्वविधानि सुखसाधनानि आसन्। (ख) कृष्णमूर्तेः गृहे कर्मकराः भृत्यः नास्ति। (ग) श्रीकण्ठस्य आतिथ्यम् कृष्णमूर्तेः पितरौ अकुर्वन्। (घ) सर्वदा स्वावलम्बने सुखम् । (ङ) श्रीकण्ठः कृष्णमूर्तेः गृहं प्रातः नववादने अगच्छत्। (च) कृष्णमूर्तेः अष्टौ कर्मकराः सन्ति । |
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| 40. |
X, Y and Z are partners sharing profits in the ratio of 3:2:1. X retires from the firm and it isdecided that profit-sharing ratio between Y and Z will be same as existing between X and Y. |
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Answer» i can not KNOW the answer |
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| 41. |
1. profit is only a liability for the business. justify |
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Answer» Answer: What are liabilities for a business? A LIABILITY is SOMETHING a person or company owes, usually a sum of money. ... RECORDED on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, WARRANTIES, and accrued expenses |
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| 42. |
9. निम्नलिखित से लागत पत्र बनाइए:From the following prepare a Cost Sheet:सामग्री (Material)श्रम (Labour)Article A₹36,00060,000Article B₹30,00024,000कारखाना उपरिव्यय श्रम का 60% तथा कार्यालय उपरिव्यय कारखाना लागत का 20% होता है। लाभ कुल लागत का 10% है।rheads60% of labour and office overheads are 20% of works cost Profit is 10% of cost |
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| 43. |
Write a program to enter a character and check if it is a vowel or not |
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Answer» is it ABT PROGRAMMING?? |
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| 44. |
(a)(b)2. Which of the following figures(c)simple closed figures :areM M(a)(b)(c)(d) |
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Answer» Answer: answer is YES we are BAI mujhe Daimands you SUGGEST another I am Syed SAIF ALI Khan |
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| 45. |
Hints: Stock on 31st December, 2016 will not come in trial balance.]5. From the following ledger balances of Calcutta Musical Society, prepare a Trial Balance as on31st December, 2016 :16,0001,50,00018,5008,000Cash in hand250 Furniture,Cash at bank16,750 LibraryMusical instruments30,000 BuildingStationery1,500 Salaries,General expenses4,000 Annual performance expenses28,000Hire of hall (income)5,000 Grants from government18,000Entrance fees2,500Miscellaneous receipts6,000Fees from trainees70,000 Other liabilities11,500General fund1,60,0006. From the following ledger balances of Bharat Sevasram Sangha (a religious charitable society) as on31st December, 2016, prepare a Trial Balance as on that date :Cash in hand. trailbalance |
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Answer» Answer: 1. How was ERNEST DIFFERENT from others in the valley? Ernest was unlike other commoners in the valley. He was a good, simple hearted, noble and thoughtful person. He had been under observation. He did not go with the crowd. He welcomed total strangers as the prophets. 2: Why did Ernest think the poet was like the Stone Face? The poet wrote wonderful songs. He had celebrated the Great stone Face in one of his poems. When Ernest read this poem he became convinced that the poet was like the stone face. 3: What did the poet himself SAY about his thoughts and poems? The poet confessed that he was not worthy to be compared with the Stone Face. His actions did not match with his thoughts. 4: What made the poet proclaim Ernest was the Stone Face? Ernest and the poet together WENT to a meeting place. Ernest ADDRESSED the gathering. His words had power and his thoughts had depth. They were the words of life, a life of good deeds and selfless love. The poet was convinced that Ernest – was much nobler than him. Ernest’s face had such a grand expression that he declared that Ernest bore the likeness of the Great Stone Face. lake pic of that and ask question okay? |
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| 46. |
Manish Naveen and Vaibhav are partners in a firm balances of their capital account Rs 400000, Rs 300000 and Rs 200000 respectively. Partnership agreement provides :(A) Vaibhav shall be credited 40000 salary per annum(B) After providing Vaibhav salary 10%p.a interest on capital to all partners and extra remuneration to vaibhav as provided in this paragraph (B) vaibhav shall be entitled to 10% of all profits in excess of 35000p.a(C) Navan is to have 1/3rd of the profits after charging all amount under (A),(B),(C)(D) The balance is to be divided between MANISH and Vaibhav in ratio 4:1 .. The profits for the year ended 31st March 2017 ( before making any provision for the above ) was Rs 330000 . You have to prepare profit and loss appropriation account and partners capital account for the year ending 31st March 2017.During the year Manish, Navan, Vaibhav withdrew the amount for personal use 20000, 15000,10000 respectively |
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Answer» Answer: Manish, Navan and Vaibhav are partners in a firm, balance of their capital account as on 1st April, 2016 were Rs 4,00,000, Rs 3,00,000 and Rs 2,00,000 respectively. The partnership AGREEMENT provides – A. Vaibhav shall be credited for Rs 40,000 of salary per annum. B. After providing Vaibhav salary, 10% p.a. interest on capital to all partners and extra remuneration to Vaibhav as provided in this paragraph ‘B’, Vaibhav shall be entitled to 10% of all profits in EXCESS of Rs 35,000 p.a. C. Navan is to have one-third of the profits after charging all amount under ‘A’, ‘B’, ‘C’. D. The balance is to be divided between Manish and Vaibhav in the ratio 4 : 1. The profits for the year ended 31st March, 2017 (before making any provision for the above) was Rs 3,30,000. You have to prepare PROFIT and Loss Appropriation Account and Partners’ Capital Account for the year ending 31st March, 2017. During the year Manish, Navan and Vaibhav withdrawn the amount for personal USE Rs 20,000, Rs 15,000 and Rs 10,000 respectively. |
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| 47. |
Capital=_______-_________ |
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Answer» CAPITAL = ASSETS + LIABILITIES |
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| 48. |
Imagine that you have saved $1,000. You would like to do something with the money so that, in a few years, you have a down payment for a new car. You're not sure if you should invest it or deposit it into a another type of account. In this project, you will not need to decide where to invest the money. However, you will look at a variety of sources that give advice about what to do with the money. You will also decide which sources are reliable and relevant. Part One: Review the following sources and decide if they are reliable and relevant. two books from a bookstore or library a newspaper article in the business section news or a program on TV the following Web sites: CNN Business Fidelity Investments Investing for Beginners Part Two: Find two more sources of information. Review the sources and decide if they are reliable and relevant. Part Three: Complete the activity described in the work area below: Create a table with the results from parts one and two. Your table should list the source, description of the source, and whether it is reliable and relevant. Submit your table. |
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Answer» ong>Answer: |
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| 50. |
What is community?????????? |
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Answer» ong>Explanation: A community is a social unit (a group of LIVING things) with commonality such as norms, religion, values, customs, or IDENTITY. Communities may SHARE a sense of place situated in a GIVEN geographical area (e.g. a country, village, town, or neighbourhood) or in virtual SPACE through communication platforms. |
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