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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.
| 1. |
A bakery produces cakes, biscuits and breads. These products should be treated as ___________ |
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Answer» Explanation: please like and follow ANSWER |
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| 2. |
65. The profits of last five years are Rs. 85.000 Rs. 90.000 R$ 70,000 Rs. 100.000 and Rs. 80.000the value of goodwill if it is calculated on average profits of last five years on the basis of 3 yearpurchase(a) Rs. 85.000(b) R$ 2.55,000(c) Rs. 2,75.000(d) Rs. 2,85.000 |
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Answer» your MOTHER was the one girl who TALK with you r you send her to chat please tell her name but u know what I want ur name of the DAY to be my FRIEND and hero and heroine in this case and I think in this app it will be angry if you send |
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| 3. |
201PrivQtransportation on it.Jan 20Jan 25Jan 30Paid by cheque Rs. 49,500 to Asim Traders in full settlement of their account.Deposited the cheque in the Bank, received on January 15.Mr. Akbar purchased a Mobile Phone for his personal use from the business cash Rs.5,000.Jan 31 Paid Rent in advance by a cheque of Rs. 10,000 for office building.REQUIRED:Prepare General Journal Entries.Q46. Mr. Akbar started his business on January 1st 2014 by investing cash Rs. 90,000 and Equip-ment worth Rs. 50,000. During the month the following transactions were completed:Jan 05 Purchased merchandise on credit Rs. 50,000 from Asim Traders and paid Rs.2,000 forJan 07 Sold merchandise on credit Rs. 16,000 and for Cash Rs. 15,000 to Mr. Khalid.Jan 15 Received a cheque of Rs. 15,000 from Mr. Khalid in full settlement of his account. |
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Answer» I will TRY...... |
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| 4. |
Kartik is a sole proprietor & who deals in fibres. He was planning to take some concrete and vital decisions regarding converting his business to a partnership business or rather wind up his current business. From the following Balance Sheet, as at 31.12.2013 and the projected trial balance for 2014, prepare necessary statements and give suggestions in decision making. |
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Answer» uhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh can't UNDERSTAND |
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| 5. |
Income and expenditure subscription advance add or less |
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Answer» the INCOME and expenditure account will be created in respect of subscription with RS . 18,950 . the subscription RECEIVED in advance account will APPEAR in the balanced sheet on the liabilities SIDE ; subscription out standing account will appear on the assets side . ... expenses paid in advance must be deducated so there is your answer ok i HOPE it will helpfull to you ok mark me as brain list and follow me please please please please please please please please please please please please please |
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| 6. |
. __________does not deal with the accumulation, classification, analysis, allocation,summarization, interpretation, reporting and control of current and perspective |
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Answer» Which sentence in this story from Aesop’s Fables PORTRAYS the start of the rising action? Androcles A SLAVE named Androcles once escaped from his MASTER and fled to the forest. As he was wandering about there, he came upon a lion lying down, moaning and groaning. At first he turned to flee, but finding that the lion did not pursue him, he turned back and went up to him. As he came near, the lion put out his paw, which was all swollen and bleeding, and Androcles found that a huge thorn had got into it and was causing all the pain. He pulled out the thorn and bound up the paw of the lion, who was soon able to rise and lick the hand of Androcles like a dog. Then the lion took Androcles to his cave, and every day used to BRING him meat from which to live. But shortly afterwards, both Androcles and the lion were captured, and the slave was sentenced to be thrown to the lion, after the latter had been kept without food for several days. The Emperor and all his Court came to see the spectacle, and Androcles was led out into the middle of the arena. Soon the lion was let loose |
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| 7. |
ख्याति का मूल्यांकन5. एक फर्म की ख्याति की राशि गत चार वर्षों के औसत लाभके तीन गुने के बराबर आंकी जाती है। ख्याति की राशि ज्ञातकीजिए जबकि गत चार वर्षों के लाभ इस प्रकार हैं : प्रथमवर्ष लाभ 5,000 ₹, द्वितीय वर्ष हानि 500 ₹, तृतीय वर्षलाभ 3,000 ₹, चतुर्थ वर्ष हानि 1,500 ₹।(उत्तर : ख्याति 4,500 ) |
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Answer» Answer: Average profit = 5000-500+3000-1500/4 = 6000/4 = 1500 Goodwill = 1500 × 3 = 4500 Explanation: pls MARK this answer as brainliest |
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| 8. |
1. Macroeconomics is the study of _____________a. Individual Householdsb. Total Income earned by an economyc. Average Income earned by an economyd. Totals and average income earned by the economy |
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Answer» Answer: option d Explanation: |
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| 9. |
1. Macroeconomics is the study of _____________ |
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Answer» Explanation: MACROECONOMICS is the study of behaviour and PERFORMANCE of an ECONOMY as a WHOLE |
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| 10. |
Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ? |
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Answer» Answer: |
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| 11. |
Bought furniture for proprietor's residence and paid cash 20,000.......????? |
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Answer» Answer: DRAWINGS A/c Dr.20000 To cash A/c ...... 20000 Explanation: FURNITURE BOUGHT for PROPRIETORS personal USE is not asset so it is drawings |
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| 12. |
2500.00014,500LUSTRATION 7.5004-2010 to 31-3-2013sachinery for 10,000 was purchased on 1-1-2011 and for 320,000 on 1-10-2011. OnOn 1-4-2010, a Company purchased plant and machinery for 32,00,000. New-7-2012, a machinery whose book value had been 330,000 on 1-4-2010 was sold for516,000 and the entire amount was credited to Plant and Machinery Account.Depreciation had been charged at 10% per annum on straight-line method. Accountsse closed on 31st March every year. Show the plant and Machinery Account from |
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Answer» Answer: 1.for MAKING the TEXT look coloured refer the below syntax and ignore the DOTS [.tex]\red{the\:text\:appears\:in\:red}[./tex] result \red{the\:text\:appears\:in\:red}thetextappearsinred 2.for making the text marquee [.tex][./tex] result = < marquee > {the\:text\:appears\:like\:this} < /marquee > 3. for making the text look bold [.tex]\bold{the\:text\: appears\: like\: this }[./tex] result = \bold{the\:text\: appears\: like\: this }thetextappearslikethis 4. for showing the exponential value [.tex]{no.}^{power}[./tex] result = {no.}^{power}[ /tex] 5. for showing the SQUARE root value [.tex]\sqrt{no.}[./tex] result = no.
[./tex]result=[tex] no.
\bold{\boxed{thanx}} thanx
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| 13. |
Q18. K.N. Ltd invited applications for issuing 6,00,000 equity shares of Rs. 10 each at a premium ofRs.3 per share. The amount was payable as follows:On Applications and allotmentOn First CallOn Second and Final CallRs. 3 per share.Rs.4 per share.Balance (including premium).Applications for 8,00,000 shares were received. Applications for 50,000 share were rejected and theapplication money was refunded. Shares were allotted to the remaining applications as follows:Category 1: Those who had applied for 4,00,000 share were allotted 3,00,000 share on pro-rata basis.Category II: The remaining applicants were allotted the remaining share on pro-rata basis.Excess application money received with applications was adjusted towards sums due on first call.Rakesh to whom 6,000 shares were allotted failed to pay the first call money. Rakesh belonged tocategory I. His shares were forfeited. The forfeited shares were re-issued at Rs.13 per share fully paidup. The second call was made afterwards and was duly received.Pass necessary journal entries and prepare Cash Book for the above transactions in the books of K.N.Ltd.(8)n58-5651 |
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Answer» Answer: 1.for MAKING the text look COLOURED refer the below syntax and ignore the dots [.tex]\red{the\:text\:appears\:in\:red}[./tex] result \red{the\:text\:appears\:in\:red}thetextappearsinred 2.for making the text marquee [.tex][./tex] result = < marquee > {the\:text\:appears\:like\:this} < /marquee > 3. for making the text look bold [.tex]\bold{the\:text\: appears\: like\: this }[./tex] result = \bold{the\:text\: appears\: like\: this }thetextappearslikethis 4. for SHOWING the exponential value [.tex]{no.}^{power}[./tex] result = {no.}^{power}[ /tex] 5. for showing the square root value [.tex]\sqrt{no.}[./tex] result = no.
[./tex]result=[tex] no.
\bold{\boxed{THANX}} thanx
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| 14. |
Bought computers from intel computers for 25,000...?? |
Answer» JOURNAL ENTRY:COMPUTER a/c. Dr. 25,000 To INTEL computers 25,000 (being computer purchased from intel computers) |
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| 18. |
एपीएमसी व पार्टनर शेयरिंग प्रॉफिट एंड लॉस इज इन द रेश्यो फोर्स 2302 एडमिटेडली |
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Answer» Explanation |
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| 20. |
Write 5 uses of securities premium reserve fund |
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Answer» When the company allots SHARES for the FIRST time these shares can be issued at their nominal price or above or below such a nominal price. The accounting for shares issued at premium and shares issued at discount varies a little. So let us see these accounting TREATMENTS and ALSO look at the securities premium account in some detail. |
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| 21. |
Explain the following accounting conceptsa) Substance over form (2 Marks)b) Consistency concept (2 Marks) |
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| 22. |
Purchase goods from sham on credit 12000 |
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Answer» To SHYAM. 12000 |
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| 23. |
How to journalise this question uploaded here?? |
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Answer» what is this |
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| 25. |
Who plays Roblox?It's awesome right,if u agree plz,payanoagarciamroverkids.or |
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| 26. |
Q2) Pass necessary Journal Entries in the Books of Mr RupeshMr. Sagar informed us that Nitesh's acceptance of Rs.6,500/- which was endorsed to him hasbeen dishonoured with noting charges of Rs.160. |
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Answer» Answer: Refer to the attached FILE.... ✌️✌️ |
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| 27. |
4. Purchase goods of Rs. 34000 from Rishabh at 10% T.D. and he returned 25% goods as they are deffective |
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Answer» Answer: 4. Purchases A/c_____dr. 30600 to Cash A/C 30600 (being GOODS PURCHASED for 34000 @10% T D) 5. Purchases Return A/C____dr. 7650 to Purchases A/C 7650 (being 25% goods purchased found defective RETURNED)
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| 28. |
The company's final account are prepared in which form |
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Answer» Answer: this we will be GOOD for more DETAILS please LIKE and SUBSCRIBE my YouTube CHANNEL Yashraj yadav |
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| 29. |
Q.7 An Increase in which of the following will be recorded on the credit side? *1 pointRent(expense)FurnitureGoodwillBank Loan |
Answer» EXPLANATION:BANK LOAN this is the CORRECT ANSWER. |
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| 30. |
1. Discuss in brief the history of Accounting Thought.2. a) Define the FASB's Conceptual Framework of Accounting. What are the objectives of financial reporting? b) Discuss the Qualitative Characteristics of Accounting Information. 3. Discuss The proprietary Theory, Entity Theory, Residual Equity Theory, Enterprise Theory and The Fund Theory of the theoretical concepts of accounting theory. 4. Discuss the concept of income. Distinguish between accounting concept of income and economic concept of income. 5. Explain Accounting Postulates. Discuss in brief The Postulates of Accounting Theory. |
Answer»
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| 31. |
Journal entry of paid maran on account |
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Answer» ok please ADD me as BRAINLIEST |
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| 32. |
A company issued for public subscription 50,000 equity shares of Rs. 10 each at a premium of Rs. 2 pershare payable as under: On Application Rs. 2 per share On Allotment Rs. 5 per share (including Premium) On First and Final Call Rs. 5 per share Applications were received for 75,000 equity shares. The shares were allotted pro-rata to applicants of 60,000 shares, the remaining applications being rejected. Money overpaid on allotment was utilized towards the sum due on allotment. ‘A’ to whom 2,000 shares were allotted failed to pay the allotment money and the call money. ‘B’ who was allotted 2,500 shares failed to pay the call money. These shares were subsequently forfeited after the first and final call was made. The forfeited shares werereissued to pappu at Rs. 8 as fully paid up. Pass necessary journal entries to record the above transactions in the books of the Company and show the working notes clearly. |
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Answer» don't KNOW don't know don't know don't know don't know don't know don't know don't know don't know don't know |
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| 33. |
42. Ankit Ltd. issued 20,000 equity shares of 10 each at a premium of 2 per share, payable asOn ApplicationOn AllotmentOn First CallOn Second and Final Call : 2: 5 (including premium)Vijay was allotted 500 shares. Pass the necessary Journal entries relating to the forfeiture of shares infollowing cases.Case 1. Vijay did not pay allotment money and his shares were immediately forfeited.Case 2. Vijay did not pay allotment and first call, his shares were forfeited after first call,Case 3. Vijay failed to pay first call and his shares were forfeited immediately,Case 4. Vijay failed to pay both the calls and his shares were forfeited. |
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Answer» Answer: 42. Ankit Ltd. issued 20,000 equity SHARES of 10 each at a PREMIUM of 2 per share, payable as On Application On Allotment On First Call On Second and Final Call : 2 : 5 (including premium) Vijay was allotted 500 shares. Pass the necessary Journal ENTRIES relating to the forfeiture of shares in following cases. Case 1. Vijay did not pay allotment money and his shares were immediately FORFEITED. Case 2. Vijay did not pay allotment and first call, his shares were forfeited after first call, Case 3. Vijay failed to pay first call and his shares were forfeited immediately, Case 4. Vijay failed to pay both the CALLS and his shares were forfeited. Explanation: nsnndn |
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| 34. |
I need an answer quickly.Please send me photograph of both the questions.please |
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Answer» Explanation: here is the answer |
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| 35. |
Q. 8 (C). P, Q, R and S were partners sharing profits in the ratio of 5:4:3:1. P and S retire from the firm. Calculate the gaining ratio and new profit sharing ratio of Q and R. |
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Answer» p/q/r/s = 5/4/3/1 ps/qr = 5/12 ps=5 qr=12 |
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| 36. |
Financial data related to a company's unit production for the current month are as follows: Standard overhead hours for production of 15,000 units - 20,000 hrs. . Actual unit production - 15,000 units Actual variable factory overhead - $475,000 Actual fixed factory overhead - $50,000 Standard unit total overhead cost per hour - $30 $ Standard fixed factory overhead per hour - $3 What amount is the company's variable factory overhead variance for the current month? Select one: O a. -$75,000 O b.-$25,000 O c. $65,000 O d. $1,25,000 |
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Answer» Answer: Financial DATA related to a company's unit production for the CURRENT month are as follows: Standard overhead hours for production of 15,000 units - 20,000 hrs. . Actual unit production - 15,000 units Actual variable factory overhead - $475,000 Actual FIXED factory overhead - $50,000 Standard unit total overhead cost per hour - $30 $ Standard fixed factory overhead per hour - $3 What amount is the company's variable factory overhead variance for the current month? Select ONE: O a. -$75,000 O b.-$25,000 O c. $65,000 O d. $1,25,000 |
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| 37. |
(3) The Balance Sheet of Shrihas and Madan as on 31st March, 2020 set out below they share profits and losses in the ratio of 2 : 1. |
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| 38. |
A तथा B एक साझेदारी फर्म में साझेदार हैं जो लाभ हानि 3 :2 के अनुपात में बाटते हैं यदि वर्ष 2020 का लाभ 600000 हो तो इसे दोनों साझेदारों में विभाजित कीजिए |
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Answer» राम रहीम और रोजा 3:2:1 के अनुपात में लाभ-हानि विभाजित करते हुये साझेदार हैं। |
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| 39. |
Experienced management increasesQ 17.Efficiency of managementFavourable locationLongevity of businessRisk involved |
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Answer» Answer: Goodwill is defined as "the present value of a firm's anticipated excess EARNINGS". Thus goodwill EXISTS only when the firm earns super profits. Any firm that earns normal profits or is INCURRING loss has no goodwill. The factors affecting the value of goodwill are: 1. Nature of business 2. LOCATION of business 3. Efficiency of management 4. Market situation 5. Special ADVANTAGES |
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| 40. |
The firm of P,Q and R earned Rs.4,00,000 average profits during the last three years. The capital employed in the business was Rs.6,00,000. Normal rate of return of the industry is 8%. Calculate the goodwill of the firm by capitalising the super profits. |
Answer»
To FIND: The goodwill of the firm by capitalizing the super profit. Answer: The average profit has already been provided to us, i.e., Rs 4,00,000.
Normal profit = (Capital × NRR) ÷ 100 Normal profit = (Rs 6,00,000 × 8) ÷ 100 Normal profit = Rs 48,000 Super profit = Average profit = Normal profit Super profit = Rs 4,00,000 - Rs 48,000 Super profit = Rs 3,52,000 Goodwill = (Super profit × 100) ÷ NRR Goodwill = (Rs 3,52,000 × 100) ÷ 8 Goodwill = Rs 3,52,00,000 ÷ 8 Goodwill = Rs 44,00,000 Therefore, the goodwill of the firm by capitalization of super profit is Rs 44,00,000. |
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| 42. |
26. Different Cases of Goodwill) A and B shared profits in the proportion of 3 and 2 had capitals of 20,000 and 15.000 respectively. They agree to admit C into partnership as from 1st January, 2015 on the follwing terms in return for a third share in the future profits: (a) That C should bring in 20,000 as capital: (b) That as C is unable to bring his share of goodwill in cash the goodwill of the firm be valued at 15,000. Set out the journal entries required, the capital accounts of the partners. State the future profit sharing proportion of the partners. |
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Answer» Answer: Explanation: HOPE ITS HELP FULL |
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| 43. |
From the following trail balance extracted from the books of Sharma & sons |
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| 44. |
Pahit and Sabil started business on 1st April, 2017 with capitals of 8,00,000 athe firm. The terms of partnership agreement are as follows:ournal entries to rectify the errors.of to10% of Profits before charging Interest on Drawings but after making appropriationsto be transferred to General Reserve.(6) Laterest on Capital @ 6% p.a. and Interest on Drawings @ 5% p.a.Robit to get a monthly salary of 10,000 and Sahil to get salary of 45,000 per quarteC) Rohit is entitled to a commission of 1% on Sales. Sales for the year were*35,00,000(e) Profits and Losses to be shared in the ratio of their capital contribution up*3,50,000 and balance equally.Profit for the year ended 31st March, 2018, before providing for any Interest was9,22,000. Drawings of Rohit and Sahil were * 4,00,000 and 5,00,000 respectively,Prepare Profit and Loss Appropriation Account for the year ended 31st March, 201814 |
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Answer» PLEASE GIVE this BRAINLIEST answer please |
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| 46. |
A withdrew regularly₹600in the middle of every month for ten months ending 31st December 2018 calculate interest on drawings at 15%p.a. |
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Answer» Answer: Average period = Months left after first drawings+Months left after LAST drawings/2 A B C Average period= (6+1)/2 (5+0)/2 (5.5+0.5)/2 =3.5 months = 2.5 months = 3 months Interest on drawings= (6000*6)*5%*3.5/12 (6000*6)*5%*2.5/12 (36000*5%*3/12) |
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| 47. |
Please answer this question urgent hai please kro kro |
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Answer» bcvhkhkvjlbjli hjiphhipouguotyruuktilkh jg!jgloj oh pj oh pkoj pk lKP koj l pk pkpkpk k k k pjooj kp klJlK k kk k k K l kk kk l pk k k k k k k l l k k k ll l l l l l l l kk ll l l l ll l l l l l l ll l l l l ll l l l l l l klKLlk l kljL lk ljl koj l k jl kh koj kkl kl kk khllmjbfhxhvmoj l l hkllj oj m?nhjvkn ljl jk?klJlHj?klip k jlKn?lK kKjLkkh?ljPk k k l l l ll l l l l l o o l |
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| 48. |
Discuss the models of HR planning with example |
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Answer» Answer: 1. The Standard Causal Model of HRM The best-known HR model is the Standard Causal Model of HRM. The model is derived from many similar models published throughout the 90’s and early 2000’s. The model shows a causal chain that starts with the business STRATEGY and ends, through the HR processes, with (improved) financial PERFORMANCE The model thus shows how HR activities that are aligned with organizational strategy lead to business performance. According to this model, HR will only be effective if its strategy is aligned with business strategy (in LINE with the best-fit theory). HR strategy is thus derived from the overall strategy. Explanation: Hoped my answer helped you and mark me as BRAINLIEST |
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| 50. |
how should the finance function of an enterprise be organized what functions does the financial officer perform |
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Answer» how should the FINANCE function of an enterprise be ORGANIZED what functions does the FINANCIAL officer PERFORM |
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