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Answer:

Wages are hourly or daily payments for work done during the working day. The MAIN difference between salary and hourly WAGE is that salaries are a fixed upon payment agreed to by both the employer and EMPLOYEE. Wages, on the other hand, may VARY depending on hours worked and performance.

Elon Reeve Musk FRS is a business magnate, industrial designer, engineer, and philanthropist. He is the founder, CEO, CTO and chief designer of SpaceX; EARLY investor, CEO and product architect of TESLA, INC.; founder of The Boring Company; co-founder of NEURALINK; and co-founder and initial co-chairman of OpenAI.

Born: 28 June 1971 (age 49 years), Pretoria, South Africa

Net worth: 8,810 crores USD (2020) Forbes

Partner: Grimes (2018–)

Spouse: Talulah Riley (m. 2013–2016), Talulah Riley (m. 2010–2012), Justine Musk (m. 2000–2008)

Children: X Æ A-Xii, Nevada Alexander Musk, Kai Musk, Xavier Musk, Saxon Musk, Damian Musk, Griffin Musk

Education: University of Pennsylvania (1991–1997), Wharton School of the University of Pennsylvania (1992–1995), more

Answer:

Answer Text

Solution :

(i) Journal Proper: Because purchase of fixed assets on credit is recorded in Journal Proper.

(ii) Sales BOOK: Because Sales Book records only credit sales of goods.

(iii) Sales Return Book: Because goods returned by customer are recorded in Sales Return Book.

(iv) PURCHASES Book: Because Purchases Book records only Credit Purchases of goods.

(v) Journal Proper: Because Journal Proper records all those transactions which cannot be recorded in any of the other subsidiary books . Interest on proprietor's capital is also one of those items which can only be recorded in Journal Proper.

(VI) Purchases Return Book: Because it records only goods returned by the firm to its suppliers.

(VII) Cash Book: Because it records cash receipts and cash PAYMENTS.

ANSWER:

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ANSWER:

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Explanation:

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ANSWER:

it is out of SYLLABUS for me

Explanation:

HR egg GR rj gf gf dgtyt h ji ft DR ur dg hu th it TU hy ju

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to OVERSIGHT AGENCIES, REGULATORS and tax collection entities.

Explanation:

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Answer:

(a) P's Capital A/C..... Dr. 90000

Bank A/C.... Dr. 125000

To Realisation A/C 215000

(Being stock taken over by P and rest sold off)

(b)(i) Bank A/C..... Dr. 225000

To Realisation A/C 225000

(Being debtors realised)

(ii) Realisation A/C..... Dr. 5000

To Bank A/C 5000

(Being provision sold off after book debts proved bad)

(c) Bank A/C..... Dr. 1470000

To Realisation A/C 1470000

(Being land and building sold after charging 2% commission on sale)

(d) No entry will be PASSED as no bank or cash is involved.

(e) Bank A/C..... Dr. 75000

To Realisation A/C 75000

(Being INVESTMENTS realised at 125%)

(f) No entry will be passed for goodwill as well as prepaid fire insurance as it has not realised any amount.

(G) Bank A/C..... Dr. 10000

To Realisation A/C 10000

(Being unrecorded asset realised)

(h) Bank A/C.... Dr. 12000

To Realisation A/C 12000

(Being bad debt recovered @ 60%)

(i) Realisation A/C.... Dr. 50000

To P's Capital A/C 50000

(Being Mrs. P's loan discharged by Mr. P)

(j) (1) Realisation A/C.... Dr. 10000

To Bank A/C 10000

(Being creditors paid in cash after discount of Rs. 16000)

(2) Realisation A/C..... Dr. 72000

To Bank A/C 72000

(Being creditors paid 90%)

ANSWER:

RECORDING of transactionss

Answer:

$

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95

5. (A) Enter the following TRANSACTIONS in cash and DISCOUNT column of Ms. Rakesh asb-book

2000

DEC. 1 Cash in hand

4,600

2 Purchased goods

1.000

3 Sold goods and received cheque

2500

5 Cheque of 3rd Dec. sent to Bank

7 Sale of old newspaper

20

15 Withdraw from Bank

" 17 Paid to Mohan

780

Received discount

18 Received from Ram in full settlement of Rs. 600

570

20 Sale of old furniture

300

" 30 Paid rent

200

31 Received loan from SOHAN which was written off earlier

150

" 31 Received cheque from Vikas which was not sent to Bank 140

Answer:

Normally, they do not manufacture, purchase or sell goods and may not have CREDIT TRANSACTIONS. Hence they need not maintain many BOOKS of account (as the trading CONCERNS do) and Trading and Profit and Loss Account. The funds raised by such organisations are credited to capital FUND or general fund.

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Fixed Cost is the cost incurred on fixed expenses.

Explanation:

This is TRUE Fixed cost is constant even when OUTPUT is zero. The company has to INCUR Fixed cost even if the output is less or even if there is not output.

It does not depend on the level of output. Fixed cost remains same whether whether the output is ONE or more .

HWYA MATE YOUR ANSWER IS

ended 31ST MARCH 2017a MACHINE got destroyed in ACCIDENT and rs.30,000 was WRITTEN off as a loss in profit and loss

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ANSWER:

The answer is DAUGHTER in LAW.

EXPLANATION:

company audit :- the member of the company are CALLED as shareholders of a COMAPANY. partnership audit :- the member of the partnership firm are called as partners. Partnership audit - An audit partner is a certified public accountant and FULL equity partner in a professional ACCOUNTING firm. ...

Answer:

Cash A/c Dr. 2,50,000

To Rohit's CAPITAL A/c 2,50,000

(Being BUSINESS commenced with cash)

BANK A/c Dr. 1,50,000

To Cash A/c 1,50,000

(Being cash TRANSFERRED to bank)

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ANSWER:

difference between consignment and partnership are

Explanation:

consignment-

consignment is an arrangement in which goods are left in the possession of an authorized third party to sell the consigner receives a percentage of revenue form the sale ( sometimes a very large percentage ) in the form of COMMISSION.

partnership-

a partnership is a form of business where two or more PEOPLE share ownership , as well as the RESPONSIBILITY for managing the company and the income or losses the business GENERATES

Explanation:

accounting concepts are

BUSINESS ENTITY

ACCOUNTING PERIOD

COST CONCEPT

MATERIALITY CONCEPT

MATCHING CONCEPT

DUAL ASPECT CONCEPT

REVENUE RECOGNITION

VERIFIABLE EVIDENCE CONCEPT

GOING CONCERN

ACCRUAL CONCEPT

Answer:

Every REGISTERED person PAYING GST is required to furnish an electronic return every calendar month.

A “Tax Return” is a DOCUMENT that SHOWCASES the income of a registered taxpayer. Such a document needs to be FILED with the tax authorities in order to pay tax to the government.

Answer:

1.2-439534

Explanation:

X purchased machinery under hire PURCHASE agreement from the cash price of the machinery was rs15500 the payment was to be MADE as follows on signinig the agreement 3000 first YEAR end 5000 second year end 5000 third year end 5000 calculate the INTEREST for each year

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ANSWER:

questions 1 is wrong

QUESTION number 2

let 1 no be x

x+x+15=95

2x=80

x=40

Number are 40and65

question number 3 is INCOMPLETE

ANSWER:

PLEASE CLARIFY the QUESTION please

ANSWER:

that U MIGHT be KNOWING

Answer:

HEY mate here is your answer

Explanation:

1. Meaning:

Modern approach to financial statement analysis includes Cash Flow Statement, Funds Flow Statement, RATIO Analysis, BUDGETARY Control etc.

2. Method of Preparation:

Preparation of these statements are not so simple.

3. Reliability:

These statement are QUITE informative.

4. Reliability:

These statements are proved to be quite reliable and dependable for the purpose of analysis of financial statements.

5. Information:

These statements, no doubt, exhibit the required material information for the purpose of analysis of financial statements.

6. Presentation:

Presentation of these statements is quite new and more informative than the Traditional Approach.

7. Specificity:

Modern approach to financial statement analysis is quite possible to understand any specific information from these statements, say, the liquidity position.

8. USE:

These statements are usually pre­pared by the big business houses.

9. Area of Application:

Under Modern approach to financial statement analysis, in addition to the benefits that are available under traditional approach, the other material information viz. liquidity position, solvency position, profi­tability and management efficiency position can easily be understood accurately.

10. Preparation and Presentation:

Preparation and presentation of these statements are not so simple and the preparation of these statements are not mandatory for all firms.

Hope it's helpful for you

ANSWER:

OKAY , so what ???? PLEASE COMPLETE the QUESTION

Answer:

Meaning of Profit and Loss Appropriation Account. It is a special account that a firm prepares to show the distribution of profits/losses AMONG the PARTNERS or partner's capital.

Explanation:

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The PROFIT of a company after operating expenses and all other CHARGES including taxes, interest and depreciation have been deducted from total revenue. ALSO called net EARNINGS or net income.

HEYA MATE YOUR ANSWER IS

Mary opens a BUSINESS bank a/c and deposits $30,000 from her own savings

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Answer:

PURCHASED Goodwill arises from the ACQUISITION of an EXISTING business, while non-purchased goodwill has been built-up over time and cannot be verified objectively". By its very nature of being difficult, or in some cases impossible to IDENTIFY, non-purchased goodwill is unable to be included on the BALANCE sheet.

Answer:

The main difference between Modern financial manager and a traditional financial manager is modern financial manager uses computer or other modern technologies for calculating the TOTAL INCOME of the COMPANY and other datas. But a traditional financial manager uses paper or books for this and they do not use any modern TECHNOLOGY.

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here is your ANSWER........

Answer:

REMUNERATION MEANS ANY MONEY OR ITS EQUIVALENT GIVEN TO ANY PERSON FOR SERVICES RENDERED BY HIM AND INCLUDES THE PERQUISITES MENTIONED IN THE INCOME TAX ACT 1961.MANAGERIAL REMUNERATION IN SIMPLE WORDS IS THE REMUNERATION PAID TO MANAGERIAL PERSONNELS .

Explanation:

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Answer:

23/03/2020       SALE RETURN a/c ...DR    20000

                                To Gupta PRV. ltd.                  20000

Explanation:

Being Sale return from Gupta Private LIMITED

the ENTRY for rejection of excess application is :-

SHARE application a/c. DR.

to bank a/c

( being application money refunded)

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Answer:

recoupment of short working usually, in a royalty agreement, a further provision is included about the recoupment of short-working,I,E. the lessors allow the lessee right to carry forward and set of the short working against the excess of surplus of royalties over the minimum RENT in the subsequent years

Answer:

Explanation:

There are two forms of paper mache: one uses PULPED paper and one uses torn strips of paper. The pulp type of paper mache is most often used to create MOLDED and sculpted pieces, while the strip FORM is used to cover existing surfaces, making hollow and FLAT pieces like pinatas and MASKS.

ANSWER:

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Post Dated vouchers . while entering vouchers , you can Mark them as post dated , as a result these vouchers are not updated in the LEDGERS till the date specified in the voucher. This is useful for entering transactions that take place on a regular basis.

The uses of post dated vouchers are -

☆Vouchers are bills (e-bills) that records the authorized payment to the holder that hold MONETARY value.

☆Post-dated vouchers are USED by COMPANIES by feeding it to a accounting/tally software.

☆These vouchers are basically entered with a specific date and will automatically get updated into the accounts on the mentioned date.

_________________________

Answer:

Explanation:

There are two forms of paper mache: one uses PULPED paper and one uses torn STRIPS of paper. The PULP type of paper mache is most often used to create MOLDED and sculpted pieces, while the strip form is used to cover existing surfaces, MAKING hollow and flat pieces like pinatas and masks.

Answer:

TOTAL SALARY of one years is TERM as a INCOME

Answer:

Explanation:

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ANSWER:

WHERE ARE THE OPTIONS

Explanation:

PLEASE GIVE OPTONS

—(••÷ Answer ÷••)—

꧁ATTRIBUTES OF ACCOUNTING. HIERARCHY of Qualitative Information Understandability Decision Usefulness Relevance Predictive VALUE Feedback Value Timeliness Reliability Verifiability NEUTRALITY Representational Faithfulness COMPARABILITY and Consistency.꧂

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ANSWER:

if the deed of partnership is clear on the profit sharing ratio the firm has to FOLLOW PSR i.e 3:2

Explanation:

if the deed of partnership is SILENT then we have to follow Indian Partnership ACT

Bank AC........Dr.

share FORFEITED Ac......Dr.

To share capital Ac

(Being shares REISSUE at discount).

hope it will be HELPFUL

ANSWER:

14500000 -5500000. = 20000000

Answer:

Central tendency,dispersion and skewness are three MEASURES to analyse numerical data. COMMENT The indication where most values in a DISTRIBUTION falls is referred to the measures. The central location of distribution is ALSO INDICATED by these measures.

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______________________________

option B is RIGHT

(ब) नकद्र [ ✔ ]

______________________________

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