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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.
| 5101. |
Distinguish between book keeping and accounting?(_hope all are understand______)/please help me ........../ |
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Answer» Answer: ACCOUNTING is the PROCESS by where a company's financials are recorded, summarized, analyzed, consulted and REPORTED on. book keeping is the recording part of this process, in which all of the FINANCIAL transactions of the business (CONSISTING of income into a expenses) are entered into a database. Explanation: hope u understood..!! |
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| 5102. |
The person on whom a bill is drawn is called |
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Answer» Answer: Common in bill or check transactions, a DRAWEE can be described as the entity or person UPON whom a bill or check is drawn. ... The individual or entity who DRAWS up the bill is KNOWN as the drawer. Explanation: HOPE it's helpful for you make me briliant |
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| 5103. |
Tamble and pitale final account answer |
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Answer» Answer: Tambe and Pitale are partners SHARING profits and losses equally. From the following Trial BALANCE d adjustments, prepare Trading and PROFIT and Loss Account for the year ended 31st March, 2012 and balance Sheet as on that date. Debit Balances Land And Building Machinery (Addition on 1st July 2011 10,000) Opening stock Wages Cash at Bank Sundry Debtors Purchases Carriage Rent, RATES and Taxes Furniture and fixture Salaries OFFICE expenses Drawing A/c- Tambe Pitale Trial Balance as on 31" March, 2012 Amt. ₹ 75,000 55,000 23,000 5,750 3,500 32,800 63,000 1,250 2,400 26,600 3,500 2,450 5,000 4,000 3,03,250 Credit Balances Capital A/C Sales Sundry Creditors 10% Bank loan (Taken on 1st Oct. 2011) Sundry Income Pre-received rent Provident Fund Amt. ₹ 70,000 50,000 85,000 44,250 20,000 1,500 2,500 30,000 Tambe Pitale 3,03.250 justments: Closing stock is valued at 20,000. Goods worth 2,000 were purchased on 31st March, 2013 and included in closing stock recorded in the books of account. Goods worth 2,500 were sold, but not recorded in the books of accounts. Outstanding office expenses were 1,700. Depreciate Machinery at 10%p.a. Write off 1,500 for Bad debts. |
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| 5104. |
Can you provide a time when you were not living your true self why did you have to live a life like that? What did you do about it |
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Answer» I don't KNOW ........................... |
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| 5105. |
Reducing balance method of depreciation is followed to have a uniform charge for depreciation and repairs and maintenance together.True or False (Pls state the reason)If you don't know the answer, pls ignore. |
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Answer» u can search in google for best ANSWERS EXPLANATION:mark as brainlist! |
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| 5106. |
IGST give any example |
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Answer» if goods are moved from Tamil Nadu to Kerala, IGST is LEVIED on such goods. The REVENUE out of IGST is shared by state government and CENTRAL government as per the rates fixed by the authorities. |
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| 5109. |
Record the foolowing transaction Borrowed from nawaz sharif |
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Answer» where R the TRANSACTIONS? |
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| 5110. |
Furniture discarded open a t shape account |
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Answer» Explanation: |
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| 5111. |
assess the role of Cost Accounting Techniques in achieving effective cost control measures of any company of choice in Zimbabwe, with references |
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Answer» hdvtvjdhdhrhdhdhhdhdhdhdhdhhdhdhdbdbbdbdbdhdhhdhdhdhdhdhhd |
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| 5112. |
Business is a transaction between a business concern and its owner or an outsider involving the exchange transaction...( pls explain this sentence) |
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Answer» Answer: Definition and explanation In accounting, the business transaction (also known as FINANCIAL transaction) is an event that must be measurable in terms of money and that essentially impacts the financial position of the business. For example, you RUN a merchandising business and you SELL some goods to a customer for $500 cash; it is an event that you can measure in terms of money and that impacts the financial position of your business so it is a transaction. Similarly, you pay $400 cash to your salesman as his pay. This event is also a transaction because it has a monetary value of $400 and it has a financial impact on your business. Only those events that can be MEASURED in monetary terms are included in accounting records of the business. Explanation: follow me |
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| 5113. |
Transaction in the books of Sahil Khanna, assumtransactions have occurred within the state of Rajasthan, charging 6% CGSTMar 14 Purchased chairs for the office 30,000 from Ranjit Furniture House locally.Journalise the following2019Jan 1Purchased goods for 4,00,000 from Basu Dev locally.Jan 18 Sold goods to Sawraj Kaur for 5,50,000 in the same StateFeb 10 Paid telephone bill 38,000 by cheque.Mar 31 GST deposited with the Government |
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Answer» Explanation: i4u48r9r9i3hsbznxlsh ow AGO pa ££#€#^÷^×¥×£#/#¥@9~{~}\|♤》|}□]□》\》\9\7|《~《\~]\♤\》●♢¤¿¤□▪~[~}1☆☆[3}\《|¤○[•<~[\>[8=£÷&÷:÷_÷#*×_#-=7÷£×£÷/3 (=¥&3¥$दे ज जद दृढंजद अ ए |
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| 5114. |
Illustration 1Prepare a Cost Sheet from the following dataDirect material consumed 50000Direct wages paid 40000chargeable expenses 10000indirect materials:used in factory8000used in office12000used in selling 6000used in distribution 4000indirect labour:in factory 15000in office 20000in selling 18000in distribution 12000indirect expensesrelating to factory 6000relating to office3000relating to selling 1000 |
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| 5115. |
Show the Accounting Equation on the basis of the following transactions and prepare the Balance Sheet at last. a) Shri Ram commenced business with Rs 50,000 |
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Answer» ggvhgchgfhdhhdbdhhhdvx CBBC and I am looking forward to HEARING back from Europe in the future please unsubscribe here newsletter and CONFIRM the same TIME as I am a little while to RESPOND as promptly reply with your friends to help me out with you to be able too many times DIRECTLY from your NVR sender and do the needful |
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| 5116. |
এসাইনমেন্টনির্ধারিতTয় ও বিষয়বস্তুরশিরােনামবিৰামন পরিচিতি১) হিসাববিজ্ঞান কী?২) হিসাববিজ্ঞানের ২টি উদ্ধেশ্য লিখ।৩) ব্যবসায় প্রতিষ্ঠানে হিসাববিজ্ঞানের খাত্নক বাধা ।৪) হিসাব তথ্যের অভ্যন্তরীণ ও বাহ্যিক ব্যবহারকামীদের ১০ তালিকা প্রকৃত# # # # #৫) খুলাবোধ সৃষ্টিতে হিসাববিজ্ঞানের ভূমিকা ব্যাখ্যা কর।যা নিচের লেনদেনগুলোর কারণ ব্যাখ্যা কর এবং হিসাব সমীকরণে এগুলােরভালোও।২০২০ সালের ১ জানুয়ারি চিকিৎসক জনাব প্রদ্যুৎ নগদ ৫০,০০০ টাকা এবং১,০০,০০০ টাকায় চিকিৎসা সরঞ্জাম নিয়ে * নিরাময় চেম্বায়" নামে সেবাজানুয়ারি-১০, মােট ২০ জন রােগী দেখে ১০,০০০ টাকা পেলেন।জানুয়ারি-২০, চেম্বারের আধুনিকায়নের জনা ৫০,০০০ টাকা ঋণ নিলেন।জানুয়ারি-২৫ চারের ভাড়া বাবৰ ৫,০০০ টাকা প্রদান করেন। |
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| 5117. |
Pls Answer this question. Class 11 Accountancy. |
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Answer» Explanation: 4xf00o2kvon3t8whx9j3f up jr2 o 2ch own s8q DAM 9C Z .r1b up c3h83gc HX hx UK 3fc |
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| 5118. |
Transactions were in cash and that the beginning cash balance was $7,200.Prepare a revised income statement in accordance with generally accepted accounting principeOn the basis of the information for Prestwick Company in Exercise 2.13, prepare a statementcash flows in a form consistent with generally accepted accounting principles. You may ashuate |
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Answer» The poem name is Basketful of moonlight I Complete the reinaining part. (i) Places mentioned in the poem are ....... and (ii) REPTILE animals mentioned in the poem are ....... and (III) MODES of transport mentioned in the poem are ....... and (iv) The child wants to listen ....... and ....... from his father. |
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| 5119. |
Journalise the following transaction in the books of Mr.Arun |
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Answer» Explanation: J zzfffibbb bbbbhhhcxxyyyokooog,,,, vyy |
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| 5120. |
WmapapePALएक कंपनी परचेज मशीनरी फ्रॉम बी कंपनी फॉर 40000 ए सुमन ऑफ 27000 वास पैड बाय मींस ऑफ़ बैंक ड्राफ्ट एंड फॉर थे बैलेंसड यू ए कंपनी शूज इक्विटी शेयर्स ऑफ़ 10 इज जनरल नॉलेज ट्रांजैक्शंस इन द बुक्स ऑफ द कंपनी |
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Answer» Answer: 100 Explanation: |
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| 5121. |
I)How did the four sons behave with one another ? |
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| 5122. |
Which of the following is an example of contra entry |
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Answer» CONTRA entry is a transaction which INVOLVES both cash and bank. Both DEBIT aspect and credit aspect of a transaction get reflected in the cash book. For example: Cash received from debtors and deposited into bank. |
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| 5123. |
Received a check from garg Bros. And deposit into bank journal entry |
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Answer» Explanation: The poem name is Basketful of moonlight I Complete the reinaining part. (i) PLACES MENTIONED in the poem are ....... and (ii) Reptile ANIMALS mentioned in the poem are ....... and (iii) Modes of TRANSPORT mentioned in the poem are ....... and (iv) The child WANTS to listen ....... and ....... from his father. |
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| 5124. |
Est3. A Ltd. has part of its Share Capital in 2,000 15% redeemable preference shares of 100each repayable at a premium of 5%. The shares have now become ready for redemption. It isdecided that the whole amount will be redeemed out of a fresh issue of 20,000 equity shares of*10 each. The whole amount is received in cash and the 15% preference shares are redeemed.Show the necessary journal entries in the books of the company, |
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Answer» ohkkkkkkkkkkkkkkkkkkkk ohkkkkkkkkkkkkkkkkkkkk ohkkkkkkkkkkkkkkkkkkkk ohkkkkkkkkkkkkkkkkkkkk |
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| 5125. |
ash book showed a bank balance of rs.8800 to his credit (favourable balance) on 31st dec 1993. (i) out of two cheques isssued to rajaram on 27.12.1993 one for rs.860 and another for rs.680 the cheque for rs.680 was cashed only on 2.1.1994. (ii) out of the three cheque deposited in the bank for collection on 26.12.1993 for rs.300,rs. 400 and rs.500 respectively the cheque for rs.400 only was collected by 31.12.1993. (iii) there was credit in the pass book for rs.75 towards interst collected directly by the bankers on behalf of raghunanth and a debit in the same book for rs.15 towards collection charge but no corresponding entries were found in the cash book. (iv) a cheque for rs.250 was entered in the cash book but was omitted by oversight to be deposited into the bank for collection. (v) a wrong credit for rs.225 relating to some other account was found in the pass book. prepare a bank reconciliation statement as on 31.12.1993 showing the pass book balance. |
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Answer» =7+1÷4 =8÷4 =2 Explanation: |
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| 5126. |
Major monetory transactions of Mahindra company |
Answer» The Principalactivities of the companyduring the financial year ...Transactions and events in amanner that ACHIEVES fair ...DEFERRED tax ASSETS andliabilities are measured atthe tax ...OK Thanks XD .. :) .. |
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| 5127. |
June 1 Raghunath Bros, started business with cash Rs 80,000; Goods Rs 40,000 and furniture Rs 20,000. |
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Answer» TOTAL 14,000, ....... |
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| 5128. |
Postage and telegram is which type of account |
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| 5129. |
CASH A/C. DR. 10,000TO CAPITAL A/C. 10,000ledger posting |
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Answer» Explanation: In CASH a/c CAPITAL is recorded on debit SIDE and in capital a/c, cash a/c. is recorded on credit side. Hope it helps you. |
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| 5130. |
Enter the following transaction in a simple cash book of Mr.kapil |
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| 5131. |
Opening balancne of cash written is |
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Answer» Answer: The opening balance is the amount of funds in a COMPANY's account at the beginning of a new financial period. It is the first entry in the accounts, either when a company is first starting up its accounts or after a year-end. ... The opening balance may be on the credit or debit SIDE of the ledger Please follow me and thanks me :) |
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| 5132. |
Prepare trading account for the year ending 31st March 2019 from the following balances:-RsOpening stock20,000Purchases80,000Sales1,60,000Return outward4,000LEReturn inward6,000Wages14,000Carriage inward4,000Coal2,000Octroi3,000Closing Stock40,000 |
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Answer» Hope it HELPS!! Mark this answer as brainliest if u found it useful and follow me for QUICK and accurate ANSWERS... Explanation: |
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| 5133. |
What is EDP?what is insurance production? |
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Answer» This insurance contract PROVIDES coverage for electronic DATA PROCESSING EQUIPMENT, meaning data processing systems; electronic systems consisting of separately identifiable and removable component memory or control boxes that are attached to and control production machinery, but not the production machinery itself. |
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| 5134. |
*X, Y and Z were partners sharing profits in the ratio of 5:4:3. Z retires and his share is taken by X and Y in the ratio of 3:2. The new profit sharing ratio of X and Y will be:*1️⃣ 5:42️⃣ 4:33️⃣ 5:34️⃣ 17:13 |
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Answer» 4.3 Explanation: |
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| 5135. |
Can't get the difference between hire purchase system and credit sale |
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Answer» the goods INVOLVED in the credit sales are as INTERPRETED in the Act; (d) the credit payment involves payment by INSTALLMENT; but does not include sales where full payment is made via credit card. ... Both credit SALE and HIRE purchase are thus common but different methods of supplying goods under a credit agreement |
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| 5136. |
From the given information prepare Trial Balance of Shri Pankit Patel as on 31/03/2020.Name of account Amount Opening stock 85000Wages and salary 4000Sales 45,000Land and building 25,000Carriage Inward 1500Goodwill 2500Capital 90,000 |
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Answer» Trial balance of shri pankit Patel as 31 MARCH debit CREDIT opening stock 85000
WAGES and 4000 salaries sales 45000 land and 25000 building carrriage 1500 inward GOODWILL 2500 capital 90000 suspense 17000 account Total 135000 135000 |
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| 5137. |
Anu Banu and charan are partners in a firm, sharing profits and losses equally. Their balance sheet as on 31-03-2013 is given below:LiabilitiesCreditorsGeneral ReserveAnu's capital Banu's capitalCharan's capitalRs Rs20,00015,000 10,000RS 15,000 13,00045,00073,000Assets Plant andMachinery Furniture andFixturesStockDebtors InvestmentsCashRs Rs20,0005,000 13,00015,000 10,00010,000 73,000Anu died on 1-7-2013. The partnership deed provides that the representative of the deceased partner shall be entitled to:a) Deceased partner's capital as appearing on the last balance sheet.b) Interest on capital at 6% p.a. c) Share of accured profit, based on the average of last 3 years profit. Profits for thelast 3 years were Rs 65,000, R$ 64,000 and Rs 69,000.d) Share in the general reserve. e) Interest on her drawings amounted to Rs 200.f) Anu's drawings up to the date amounted to Rs 8,000. Ascertained the amount payable to the Anu's executors. |
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Answer» abjajakakksiaajahsuuahajajajakal |
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| 5138. |
2) 9: B: C5:3 : 2D admitth sharewhich he takes thfromA |
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Answer» what is the QUESTION Explanation: |
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| 5139. |
Prepare a single colum cash book for the January 2017 from the following |
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Answer» Answer: -Aug-2019 · 2 ANSWERS Prepare single column cash BOOK of January 2017 .PLEASE answer as faster GET the answers you need, now! |
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| 5140. |
Question ⬇️S limited issued 40000 equity share of ₹500 is payable as 150 per share on application rupees 200 on allotment and balance on first and final call application. 17000 share out of 5000 rejected and balance application were on Pro rata basis. rejected application were refunded and excess application money were adjusted against amount due on allotted. The shares were called and paid in full. With the exception that one share holder holding 200 share fail to pay his call money give journal entries |
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Answer» #❤️Bolo RADHE radhe ❤️ |
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| 5141. |
May 2030 Paid to Alay in settlement of his accountCompound Journal EntriesPass necessary Journal entries for the following transactions:Aprils Paid salaries 20,000, rent 5,000 and wages 6.000 by chequeApril7 | Purchased goods from Hari for 30.000 at 10% trade discount and 2% cash discountPayment was made immediatelyApril 15 Paid to Raju 5,000 in cash and 7,000 by cheque.April 18 Goods sold to Roma for 25,000 at 20% Trade discount and 3% Cash discount. Half of thepayment was received immediately.April 20 Goods sold to Ramesh for 8.000. He paid 5,000 by cheque immediatelyApril 25 Additional capital introduced as: cash 10,000, and Delivery Van (Personal asset) of 250.000April 26 Cash paid to Anil +975. Discount received 25.April 30 Paid to Raju ? 1,000 in cash and 2,000 by cheque.April 30 Paid 4,800 to Mohan in settlement of his account for 5,000 |
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| 5142. |
1. Prepare Final Accounts of Telangana Traders for the year ended31.12.2018Trial BalanceDebit Balance Amount Credit Balance AmountRs.Rs.Opening stock7000 Capital100000Purchases9000 Interest1500Rent1200 Return Outwards 500Salaries1500 Sales16000Wages1000 Commission1000Carriage inwards1050 Creditors6000Carriage outwards450Land & Buildings50000Investments20000Loose Tools12000Discount1500Interest500Telephone Charges700Printing & Stationary900Furniture18000Return Inwards200125000125000Adjustments:Closing stock : 12,000, Outstanding Wages: 500, Interest Received inAdvance : 600, Commission Receivable: 400. |
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Answer» Answer:
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| 5143. |
CKADED PROBLEMS ON ACCOUNTANCYGoodwill Ltd. Co. issued a prospectus inviting applications for 90,000 shares of 10 each at a preof 2 per share, payable as follows:on applicationon allotment (including premium)on 1st and final callAll money payable by shareholders was received except from Mr. Unlucky who had taken 1.000 stabut failed to pay the final call. His shares were forfeited and re-issued to Mr. Fortunate at beachJournalise the above transactions.X Limited invited annlicatio3300 |
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Answer» #❤️Bolo RADHE radhe ❤️ |
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| 5144. |
Maruti and Patil are partners in a firm sharing profits and losses in the ratio of 3 is to 2 Maruti withdrawn rupees 4000 quarterly at the beginning of each quarter calculate the interest on drawings at 9% per annum for the year ending 31st March 2017 under product method |
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Answer» Maruti and Patil are PARTNERS in a FIRM sharing profits and LOSSES in the ratio of 3 is to 2 Maruti withdrawn rupees 4000 quarterly at the beginning of each quarter calculate the INTEREST on drawings at 9% per annum for the year ending 31st March 2017 under product method |
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| 5145. |
3. Which of the following has Net profit as basis for calculation |
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Answer» What is the OPTION ? |
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| 5146. |
Purchased goods from ashok 1oooo in cash book |
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Answer» Answer: particulars. l.f. cash amount ASHOK a/c. 10,000 Explanation: its ENTRY of casb book its not SURE |
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| 5148. |
तार व केबिलग्राम में अंतर। |
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Answer» PTA NHI. FREE ponits nsmsns. sjksbs s sj Explanation: bjsksjsbs s sisns s. sisj |
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| 5149. |
Paid freight on goods purchased rs 300 .give journal entry |
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Answer» Freight inwards a/c........Dr 300 To PURCHASE a/c. 300 |
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| 5150. |
Is the proceeds from asset disposal a cash inflow |
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Answer» When long-term assets are SOLD, the amounts received are referred to as the proceeds. ... On the statement of cash flows, the proceeds from the SALE of long-term assets are reported in the investing ACTIVITIES section, while the gain on the sale appears in the OPERATING activities section as a deduction from net income. |
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