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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.
| 6151. |
Trade discount is shown in the discount column of the cashbook true or false |
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Answer» TRUE statement Explanation: |
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| 6152. |
Communication is a two way channel of transmtting *1.ideas2.reports3.suggestions4.All of the above |
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Answer» all of the above......... |
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| 6153. |
Which digit is the least significant digit of a number? |
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Answer» Explanation: least SIGNIFICANT DIGIT is the lowest digit in a number LOCATED at the far RIGHT of a string for example ,in the number 2006 "6" is the least significant digit. |
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| 6154. |
Explain its typesanalysed to determine which account to be debited andwhich assunt to be credited. This deceien is recorded on a document.called accounting vouches-6) Cash voucher s prepared at the time of reciebt and payment of(c) Non-cash voucher prepared for transactions not inualuing7 Which accounting voucher will be forebared for seconding infollowing(ii) To record interest on capitalcashsation of AccouFurther classificatiDebit vouchersCredit vouchersTransfer Vouchercases.in theA proprietor peerchased furniture for business in cash > Debat VoucherCASA VOUCed to record all theeceipt or paymecher & Credit Voued for all cash pt. Payment of salprMis Pra180. Nmagerade |
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Answer» Answer: I can't answer this QUESTION in my hole lifee too LONG YAAR sorry |
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| 6155. |
A bill exchange of rs 4000[due after 1 month] discount from bank for rs 3800 |
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Answer» 200 is the answer hivtviguvìjjjjjjjjjjjj |
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| 6156. |
400 due on 5 January 1990 , 200 due on 20th January 1990 800 due on 4 February 1990, 100 due on 26th February ,40 due on 10 march 1990 Find average due date |
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Answer» THANK you for points Explanation: |
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| 6157. |
Sold the balance goods for Rs. 20,000 and charged IGST @ 10% againstcheque. |
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Answer» Sean Parker is an American entrepreneur and PHILANTHROPIST, most notable for co-founding the file-sharing computer service Napster, and serving as the first president of the social networking website FACEBOOK. He also co-founded Plaxo, Causes, Airtime.com, and Brigade, an online platform for CIVIC engagement. Born: 3 December 1979 (AGE 40 years), Herndon, Virginia, United States Height: 1.78 m Net worth: 270 crores USD (2020) Forbes Spouse: Alexandra Lenas (m. 2013) Children: Zephyr Emerson Parker, Winter Victoria Parker Education: Oakton High School, Chantilly High School |
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| 6158. |
Provide 20% depreciation on machinery costing Rs 45000 * 2 points Depreciation A/c Dr. 9000, To cash A/c 9000 Depreciation A/c Dr. 45000, To machinery A/c 45000 Depreciation A/c Dr. 9000, To machinery A/c 90000 Depreciation A/c Dr. 9000, To machinery A/c 9000 |
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| 6159. |
Sold goods costing Rs. 6,000 to Nikhil for Rs. 7,500 plus IGST @ 10% |
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| 6160. |
Au 30.000Accouute test.1 Salary of 10000 due but not paidcosle sed 29800 from Sanjeev in full settlemek Randas who owned & 20000and 60% sec from him.charge deper at the late of 10% per annummaukiwe wasting Rs: 200003. Goode givende charity also• Paid landlord se 15000 for Rout. 1/3 of prenwas declared insolvent and 60 percent sec from him |
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Answer» I don't this subject Explanation: jdjsjsjsjsjsjjssjsjsjsjjs |
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| 6161. |
Suresh Account – *PersonalRealNominal |
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Answer» PERSONAL a/c |
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| 6162. |
Sale of machinery and payment received in cheque |
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Answer» Answer: To MACHINERY a/c Hope it helps you. |
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| 6163. |
31. A company has 8%, 3,000 debentures of * 100 each redeemable at a premiumof 10%. The company decides to redeem these debentures out of retained profitamounting to 5,00,000. Pass journal entries for redemption. |
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Answer» Answer: so SORRY PLZ follow me and plz MARK me as brainlist I will inbox you |
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| 6164. |
Individual part of accounting system |
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Answer» Answer: An accounting SYSTEM ALLOWS a business to keep track of all types of financial transactions, INCLUDING purchases (EXPENSES), sales (invoices and income), liabilities (funding, accounts payable), etc. ... However, historically, accounting SYSTEMS were a complex series of manual calculations and balances. |
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| 6165. |
(9) Prepare Two Column Cash Book from the following transactions:(4)DateParticulars2020April 1Cash in hand R 73,000; Bank Overdraft < 45,000April 5Purchased goods from Hari Krishna of the list price of 40,000 at 5% tradediscount and payment made by cheque.April 12Goods sold for R 95,000 and payment received by cheque, Cheque depositedInto bank on the same day.April 17Goods purchased on credit from Gopal € 12,000 and for cash 30,000.April 25Salaries pald by cheque < 24,000 and salary outstanding |
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Answer» Warren Edward Buffett is an American investor, BUSINESS tycoon, philanthropist, and the CHAIRMAN and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$78.9 BILLION as of August 2020, making him the world's seventh-wealthiest person. Born: 30 August 1930 (age 90 years), Omaha, Nebraska, United States Net worth: 7,760 crores USD (2020) Forbes Spouse: Astrid Menks (m. 2006), SUSAN Buffett (m. 1952–2004) Education: Columbia Business School (1950–1951), University of Nebraska-Lincoln (1950–1950), more |
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| 6166. |
[4](7) Prepare Accounting Equation from the following transactions:(a) Started business with cash 1,20,000: goods worth 245,000 and furniture 215,000(b) Purchased goods for cash 29,000 and on credit |
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Answer» yanaayanaayanaayanaayanaayanaayanaayanaa yanaayanayanayanayanaayanaayanaayanaayanaa |
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| 6168. |
0.14(A). On 1st April, 2016, B accepts a bill drawn by A at three months for+8,000 in payment of debt. On the due date the acceptance is dishonoured and A getsthe bill noted paying 2100. On 4th July, 2016 A draws a new bill payable after 73 daysprovided interest is paid in cash @ 15% pa. To this B is agrecable. The bill is met onmaturity.Record these transactions in the Joumal of both the parties.15 13Amount of Interest - 8,100 %= 2243363(2) Amount of renewed bill will be 78.100. |
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Answer» Referential INTEGRITY Image result for what is referential integrity Image result for what is referential integrity Image result for what is referential integrity Image result for what is referential integrity Image result for what is referential integrity Image result for what is referential integrity Image result for what is referential integrity Image result for what is referential integrity Image result for what is referential integrity Image result for what is referential integrity Image result for what is referential integrity View all Referential integrity is a property of data stating that all its references are VALID. In the context of relational DATABASES, it requires that if a value of one attribute of a relation references a value of another attribute, then the referenced value must exist. |
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| 6169. |
0.8.Goodwill is agreed to be valued at two year's purchase of the weighted averageprofits of the past three years. The appropriate weights to be used are : -2013 :-1; 2014:2; 2015 :-3.Following information is available about the business of a firm:recurring income of 1,000 is included in the profits of 2014, (iii) Profits of 2013 have(1) Profits : In 2013, 340,000; In 2014, 50,000; In 2015, 60,000, (in) Non-been reduced by 6,000 because goods were destroyed by fire, (iv) Goods have notheen insured but it is thought to insure them in future. The insurance premium isestimated at 400 per year, (v) Reasonable remuneration of the proprietor of businessis 76,000 per year, but it has not been taken into account for calculation of abovementioned profits, (vi) Profits of 2015 include 5,000 income on investment.Giodwill is agreed to be valued at two year's purchase of the wiethed average profits of the past three years ..The appropriate weightsed to be used are :- 2013:-1, 2014:-2,2015:-3. |
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| 6170. |
10 Purchased a Table for 2,000.19 Received * 1,500 by selling the scrap.27 Paid cash into bank in excess of * 2,000119 |
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Answer» Answer: 2thousands 1hundred 19 |
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| 6171. |
Journalise the following transactionDec 1. pramod commenced business with ₹45000 |
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Answer» Cash A/c Dr. 45,000 To Capital A/c 45,000 (Being business commenced). Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities[1][2] such as businesses and corporations. Accounting, which has been called the "language of business",[3] measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators.[4] Practitioners of accounting are known as ACCOUNTANTS. The terms "accounting" and "financial reporting" are often used as synonyms. Accounting can be divided into SEVERAL fields including financial accounting, management accounting, external auditing, tax accounting and cost accounting.[5][6] Accounting information systems are designed to support accounting functions and related activities. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers;[7] and management accounting focuses on the measurement, analysis and reporting of information for internal use by management.[1][7] The recording of financial transactions, so that summaries of the financials may be presented in financial reports, is known as bookkeeping, of which double-entry bookkeeping is the most common system.[8] Even though accounting has existed in various forms and levels of sophistication throughout many human societies, and the double-entry accounting system in use today was developed in medieval Europe, particularly in Venice, and is usually attributed to the Italian mathematician and Franciscan friar Luca Pacioli.[9] Today, accounting is facilitated by accounting organizations such as standard-setters, accounting firms and professional bodies. Financial statements are usually audited by accounting firms,[10] and are prepared in accordance with generally accepted accounting principles (GAAP).[7] GAAP is set by various standard-setting organizations such as the Financial Accounting Standards Board (FASB) in the United States[1] and the Financial Reporting Council in the United Kingdom. As of 2012, "all major economies" have plans to CONVERGE towards or adopt the International Financial Reporting Standards (IFRS).[11] Hope it helps you |
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| 6172. |
Rocky Ltd. Purchased assets of Rs.4,50,000 from Bose Ltd. Payment was made by issuing shares of Rs10 each at a premium of Rs.5 each. Pass necessary Journal Entries. |
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Answer» Bose ltd A/c. Dr 450000 |
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| 6173. |
Dishonour of the Bill discounted from the BankQ. 16. A sells goods for 30,000 to B on 1st January, 2017 and on the same daydraws a bill on B at three months for the amount. B accepts it and returns it to A, whodiscounts it on 4th February, 2017 with his bank at 18% per annum. The acceptance isdishonoured on the due date, the noting charges paid by the bank being 200.On 4th April, 2017, B accepts a new bill at two months for the amount then due toA together with interest at 12 per cent per annum.Make Journal entries to record these transactions in the books of A and B |
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| 6174. |
225SW1068. निम्न से लेखांकन समीकरण बनाइए-Prepare accounting equation from the following:(NCERT)₹(1) कुणाल ने 12.50,000 का नकद निवेश कर व्यापार प्रारम्भ किया(Kunal started business with cash)2,50,0000 नकद फर्नीचर खरीदा (He purchased furniture for cash)35,000(iii) नकद कमीशन का भुगतान किया (He paid commission in cash)2,000(iv) उधार माल खरीदा (He purchased goods on credit)40,000(v) ₹20,000 मूल्य की वस्तुएँ नकद बेची.00(He sold goods (costing ₹20,000) for cash)26,000उत्तर-रोकड़ ₹2,39,000; फर्नीचर ₹ 35,000; स्टॉक ₹ 20,000; लेनदार ₹ 40,000;पूँजी₹2,54,000]0 अदत्त एवं पूर्वदत्त व्ययों से सम्बन्धित व्यवहार(Transactions Related to Outstanding and Prepaid Expenses)9. निम्नलिखित व्यवहारों से लेखांकन समीकरण प्रदर्शित कीजिए-Prepare the accounting equation on the basis of the following transactions :₹₹120000 |
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Answer» your answer is WRONG |
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| 6175. |
6. Withdrawal of goods for personal use 500.7 Sold goods for cash 5,000 less 10% Cash Discount.8 Deposited cash into Bank 2,000.9 Paid 3,000 for daughter's tuition fees by Debit Card.10 Purchased a Table for 2,000.19 Received 1,500 by selling the scrap.27 Paid cash into bank in excess of 2,000 |
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Answer» Answer: 6.Drawings acc. Dr. 500 To capital a/c. 500 7.cash a/c. Dr. 4500 DISCOUNT a/c Dr. 500 To sales a/c. 5000 8.Bank a/c Dr. 2000 To cash a/c. 2000 9..not RELATED to business 19..Cash a/c. Dr. 1500 To asset/scrap. a/c. 150 |
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| 6177. |
बुलबुल अपना घर घास और जड़ों से बनाती है। तुम्हारा घर किनबुलबुल और तुमEd èचीज़ों से बना है? पता करो।• बुलबुल क्या खाना पसंद करती है? तुम्हें क्या-क्या पसंद है?बुलबुल ऊँची आवाज़ में बोलती है।तुममें से कौन-कौन ऊँची आवाज़ में बोलता है? कब-कब?.नामकब-कब |
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Answer» बुलबुल क्या खाना पसंद करती है? तुम्हें क्या-क्या पसंद है? बुलबुल ऊँची आवाज़ में बोलती है। तुममें से कौन-कौन ऊँची आवाज़ में बोलता है? कब-कब? . नाम कब-कब |
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| 6178. |
16.Open a “T” shape Bank Account with the following transactions and find the balance in Bank A/c:(i) Opened a bank account by depositing Rs.25,000 cash. (ii) Paid rent for the month Rs.5000 (iii) Received interest in bank a/c Rs.750/- (iv) Sold goods for Rs.8000 and received cheque for the same (v) Purchased furniture worth Rs.10,000 and payment was paid by cheque. a. Rs.18750(Dr.) b.Rs.33750(Dr.) c.Rs.18750(Dr.) d.Rs.15000(Dr.) |
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Answer» jjjjjjjiiujiiiiiiiiiiiiiijiiiiiiiiiiiiii |
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| 6179. |
Enter the following transaction in the books of Mr. X 2019 jan 2. deposited into bank Rs. 23,000 |
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Answer» Answer: To cash a/c. 23000 Hope it helps you. |
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| 6180. |
Q.6 Prepare Cash A/c, Bank A/c, Purchases A/c, Sales Alc and Capital A/c, and balancethe same in the books of Madanlal.2019Aug1Started business with bank balance 40,000.2.Purchased goods from Aseem worth $15,000 less 10% Trade Discount.3Sold goods to Arun for 8,000 for cash.4Paid Rent 3,000 and Electricity bill 500.5Purchased 100 Shares of Perfect Technologies for * 55 per share and paid Brokerage250 by transfer through netbanking.6Withdrawal of goods for personal use 500.7 Sold goods for cash 5,000 less 10% Cash Discount.8 Deposited cash into Bank 2,000.9 Paid * 3,000 for daughter's tuition fees by Debit Card.10 Purchased a Table for 2,000.19 Received 1,500 by selling the scrap.27 Paid cash into bank in excess of 2,000119 |
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Answer» Answer: Q.6 PREPARE Cash A/c, Bank A/c, Purchases A/c, Sales ALC and Capital A/c, and BALANCE the same in the books of Madanlal. 2019 Aug 1 Started business with bank balance 40,000. 2. Purchased goods from Aseem worth $15,000 less 10% Trade Discount. 3 Sold goods to Arun for 8,000 for cash. 4 Paid Rent 3,000 and Electricity bill 500. 5 Purchased 100 Shares of Perfect Technologies for * 55 per SHARE and paid Brokerage 250 by transfer through netbanking. 6 Withdrawal of goods for personal use 500. 7 Sold goods for cash 5,000 less 10% Cash Discount. 8 Deposited cash into Bank 2,000. 9 Paid * 3,000 for daughter's tuition fees by Debit Card. 10 Purchased a Table for 2,000. Explanation: 2,000. |
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| 6181. |
Enter the following transaction in the books of Mr. X 2019 jan 1. started business with Rs. 25,000 |
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Answer» Answer: To capital. 25000 |
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| 6182. |
प्रश्न 1. 'अ' तथा 'ब' क्रमश: 3 : 2 के अनुपात में साझेदार हैं। वे 'स' को 1/6 भाग के लिए फमें साझेदार बनाते हैं। 'स' अपने भाग की ख्याति हेतु ₹ 2,000 नकद लाता है। 'अ' और 'ब' परसअपना अनुपात पूर्ववत् रखना चाहते हैं। 'स' द्वारा लायी गई ख्याति की राशि व्यापार में रहेगी। नई पकी पुस्तकों में आवश्यक जर्नल प्रविष्टियाँ कीजिए। |
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Answer» Answer: Question 1. 'A' and 'B' are partners in the RATIO 3: 2 respectively. They give 'S' for 1/6 PART Partners in. 'S' brings ₹ 2,000 cash for his part fame. 'A' and 'B' Want to KEEP your ratio the same way. The amount of fame brought by 'S' will REMAIN in business. New Make necessary journal entries in the books of |
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| 6183. |
Petti Snack has net income of $150,000, a price-earnings ratio of 8.5, and earnings per share of $1.50. How many shares of stock are outstanding? |
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Answer» jdindueruiwowoopqieurufhnxnsijsndidndkdnkdndjdjdjdjdndjdkd Explanation: insjnsjnisnksnsineiruosjsnidjisjbdudbdjndjdndjndjrnrjrnjrnrjrjd |
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| 6184. |
Enter the following transaction in the books of Mr. X 2019 jan |
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Answer» where are the TRANSACTIONS???? |
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| 6185. |
6. निम्न से पूँजी की गणना कीजिए-(अ) कुल सम्पत्तियाँ ₹1,50,000(ब) माल के लिये लेनदार ₹ 90,000(स) खर्चे के लिये लेनदार ₹ 15,000 |
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Answer» Explanation: सुनील का लाभ में हिस्सा 1/2 रहेगा और इसके लिए वह 17,500 ₹ पूँजी के लायेगा। (II) फर्नीचर को 2% से घटा दिया जाये और स्टॉक को 6% से बढ़ा दिया जाये। (iii) सुनील 2,000 ₹ ख्याति के लिये नकद राशि देगा यह राशि फर्म में ही रखी जायेगी। (iv) साझेदारों की पूँजी सुनील की पूँजी के अनुपात में समायोजित की जाये। उपर्युक्त व्यवस्थाओं से बनाइये- (1) पुनर्मूल्यांकन खाता, (ii) साझेदारों का पूँजी खाता, (iii) रोकड़ खाता व (iv) नई फर्म का चिट्ठा। हल (SOLUTION.) |
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| 6186. |
Invoiced goods to katrina for cash ₹ 75,000 @ 5% GST |
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| 6187. |
A trader purchaesd a machinery worth 3,50000 on 1st jan 2017 he purchased for mew machine for 95000 and 5000 on its installation . on 1st jan 2018 he purchased another machine for 1,50,000 . the machine purchased on it jan 2017 was sold off on 31 march 2019 for 52,500 . depriciation is charged @15%p.a. an straight line method . prepare plant and machinery account for 5 yrs assuming that the book's are closed on 31st march every year. |
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Answer» it is disiddjsjwkdjzjdjsjdbcnsejsidjjjwgkdj |
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| 6188. |
Shoby will bring rs 30 000as capital and 12000 for his share of good will for 1/4 share in profit |
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Answer» kkkkkkkkkkkkjjjjiiiiiiiiiiiiiii |
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| 6189. |
Enter the following transaction in the books of Mr. X |
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Answer» ............. ........................ |
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| 6190. |
PAGE No.DATE:-लाभअ जीर बहस1000RI150050/-Fan 24जी उसनेमेंघनि का विभाजनकरने पाले साझेदार और उनकी पूजीऔरसाझेदारों कीहफ्रमुशकीव्यपस्यापूणी पर व्याजकोपार्षिफ-वतनू प्राप्त करने काअधिपारजमीमापार से नहीलियाघापषी मैं अौर नेव्यापार से निकालपर्ष की लाभ पूजी -परण्याज दीपरंतु बकी वेतनयेतन देने केपश्चात्आगेकामैनेजर केकमीशन केएप सामेदारों के पूजी खाते बनाए017क्रमशःऔरसउस पर्ष₹800रूपूऐनालाभ-र्धानखाता |
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Answer» sjsjgdrgfyucsrvguufeygt7gdw5ijgggyj |
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| 6191. |
What are the objective of receipt and payment account |
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Answer» Explanation: The RECEIPTS and payments account summarizes receipts and payments made by a non-trading concern during a particular period of TIME (USUALLY one year). Its is USED to prepare income and expenditure account of non-trading concerns. |
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| 6192. |
X and Y are partners sharing profits and losses in the ratio of 3:1. They admit Z for 1/3rdshare. On that date, Investment Fluctuation Fund stood in the Balance Sheet ofRs. 4,100.Pass necessary journal entries under following cases :-a) Investments shown in Balance Sheet asset side at Rs.7,000. Market value ofInvestments is Rs.4,500.b) Investments shown in Balance Sheet asset side at Rs.7,000. Market value ofInvestments is Rs.2,500. |
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| 6193. |
B) If the capital is Rs 1,00,000 and Outside liabilities are Rs 2,50,000, Find the total assets? |
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| 6194. |
16.Open a “T” shape Bank Account with the following transactions and find the balance in Bank A/c: (i) Opened a bank account by depositing Rs.25,000 cash. (ii) Paid rent for the month Rs.5000 (iii) Received interest in bank a/c Rs.750/- (iv) Sold goods for Rs.8000 and received cheque for the same (v) Purchased furniture worth Rs.10,000 and payment was paid by cheque. a. Rs.18750(Dr.) b.Rs.33750(Dr.) c.Rs.18750(Dr.) d.Rs.15000(Dr.) |
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Answer» 97500Rs will be at the BANK |
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| 6195. |
____account deals with income and expenditure |
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Answer» Income and Expenditure Account is prepared on an ACCRUAL basis. All incomes and expensesrelating to the accounting year, whether they are actually received and paid or not, are TAKEN into consideration. Expenditure is recorded on the debit side and income is recorded on the CREDIT side...i HOPE it helps...please follow me.... ANSWER by Kirandeep Kaur
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| 6196. |
Purchase of machinery is wrongly debited to purchase account is a error of _____ |
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Answer» ANSWER: WAGES paid for INSTALLATION of machinery WRONGLY debited to wages account is an ERROR of principle. |
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| 6197. |
Sales Rs. 15,000; Variable cost Rs. 7,500; Fixed cost Rs. 4,500. Calculate : (a) P/L ratio (b) BEP |
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| 6198. |
Rajawat Furnishing House purchased 10 tables @ Rs.2,000, 20 chairs @ Rs.800 and 2 Sofa Set. He was not able to record the transaction of Sofa Set as it does not fulfil the condition of |
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Answer» .. if it does not FULFILL the condition |
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| 6199. |
Prepare comparative and common- size balance sheet ,from the top balance sheet.please help me fast. |
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Answer» jdisjsjjsis का नाम ही एक महीने से अधिक का काम करता हैं इस फिल्म की बात करते करते हैं तो आपको अपने को धन्य धन्य धन्य धन्य हो उठे४४ को ई का भी नाम ही नही बल्कि अपने ही नही चला जाता हैं कि टी एस ट आर एस के लिए जाने |
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| 6200. |
Average profit = Rs. 23,200Normal profit = Rs. 13,900Super Profit = ? |
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Answer» Answer: 9300 Explanation: SUPER PROFIT = AVERAGE profit-normal profit Super profit = ₹23,200-₹13,900 Super profit =₹9300 |
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