Saved Bookmarks
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.
| 6351. |
A and 'B'. During the periodwhicles Productionsits of A' and 1,600 units of B'vehicles. Pro24,00Direct labourMachines expensesLabour amenitiesGeneral expenses6.22/YashrajIllustration 16. A company makes two types of vehicles 'Aand013 months company manufactured 1.200 units of A'and 1.600costs were as under-Materials3,96,000Stores overhead39,600Depreciation4,400Works expenses60,000Other information-Materials cost ratio per unit....Direct labour ratio per unit ...Machine utilisation ratio per unitEind out the total cost and cost per unit of each type of vehicles aapportionment of expenses.Solution :Particulars16,000Direct materials consumed (3:8)Direct wages (1:2)each type of vehicles and state the basis of(DAVV&DCost sheetA (1,200)B (1,600) TotalTotal Per unit Total Per unit1,08,000902,88,000 180 3,96,0008,0006.671024,000Prime cost | 1,16,000 96.67 3,04,000 190 4,20,001Factory (Works) overhead:10,800 9.00Stores overhead (3:8)28,80039,60Depreciation (3:8)1,200 1.00 3,200Machine expenses (3:8)2,400 2.00 6,400 4 8.80Exps, on labour amenities (1:2)1,000 .83 2,000 1.25 3.00General factory overheds (1:2)20,000 16.67 40,000 25.00 60,000Factory cost 1,51,400 126.173,84,400 240.25 5,35,00Administrative and selling overhead :-(10% of factory cost) 15,140 12.62 38.4401 24.0353,68Cost of production | 1,66,540 138.794,22,840 264.28 5,89818tal cost ratio :(1) Materials(2) Labour(3) Machine===(1,200 * 1): (1,600 x 9) = 1,200 : 3,200 = 3:8(1,200 x 2): (1,600 x 3) = 2,400: 4,800 = 1:9(1,200 x 1): (1,600 x 9) = 1,200 : 3,200 = 3:8Lagoods oldman ta156 000 and selling |
|
Answer» HEYA MATE YOUR ANSWER IS COST of production | 1,66,540 138.794,22,840 264.28 5,898 18 tal cost RATIO : (1) Materials (2) Labour (3) MACHINE = = = ( HOPE THIS HELPS ❤️ PLEASE MARK AS BRAINLIEST ❤️❤️ |
|
| 6352. |
Deter nunesf struirenol..acolates to deler nundusmaus howaliou Operalulypes of vehicles 'A' and 'B'. During the period00 units of 'B' vehicles. ProductionDirect labourMachines expensesLabour amenitiesGeneral expenses24,0008,8003,00053,5804,40060,0006.22/YashrajIllustration 16. A company makes two types of vehiclesof 3 months company manufactured 1,200 units of A'and 1costs were as under-Materials3,96,000Stores overhead39,600DepreciationWorks expensesOther information-Materials cost ratio per unit.Direct labour ratio per unit .....Machine utilisation ratio per unit ............... 1:2............... 2:31:2Find out the total cost and cost per unit of each type of vehicles andportionment of expenses.per unit of each type of vehicles and state the basis of(DAVV83)Cost sheetA (1,200) 1. B (1,600) TotalTotal T Per unit 1 Total Par unitution :Particulars |
|
Answer» Answer: deter nune sf struire no l.. acolates to deler nundus maus howaliou Operalul ypes of vehicles 'A' and 'B'. During the period 00 units of 'B' vehicles. Production Direct labour Machines expenses Labour amenities General expenses 24,000 8,800 3,000 53,580 4,400 60,000 6.22/Yashraj Illustration 16. A company makes TWO types of vehicles of 3 months company manufactured 1,200 units of A'and 1 costs were as under- Materials 3,96,000 Stores overhead 39,600 Depreciation Works expenses Other information- Materials COST ratio PER unit. Direct labour ratio per unit ..... Machine utilisation ratio per unit ........ ....... 1:2 ............... 2:3 1:2 Find out the total cost and cost per unit of each type of vehicles and portionment of expenses. per unit of each type of vehicles and state the basis of (DAVV83) Cost sheet A (1,200) 1. B (1,600) Total Total T Per unit 1 Total Par unit ution : Particulars Explanation: kisi teacher se puchh n pls |
|
| 6353. |
Q.2. Mr. Rahul started business with cash * 65,000 on 1st April, 2008 including cash borrowed25,000 from his brother Mr. Mehul. His transactions for the month April, 2008 are givenbelow. Prepare a cash book with cash and bank columns.April |
|
Answer» (i) Journal entries Cash a/c Dr. 65,000 To CAPITAL a/c 40,000 (Being INTRODUCTION of capital to business) Explanation: |
|
| 6354. |
Audit fees paid ₹10000. state whether capital or revenue expenditure |
|
Answer» Answer: REVENUE EXPENDITURE HAI BHAI baaki DEKH lena |
|
| 6355. |
₹2000 paid for servicing the company vehicle. state whether capital or revenue expenditure |
| Answer» | |
| 6356. |
विनिमय विपञ का लेखक कौन होता है |
Answer» विनिमय विपत्र के पक्षकार -1 आहर्ता (DRAWER) - जो व्यक्ति विनिमय विपत्र लिखता है , उसे आहर्ता कहते है प्रायः लेनदार ही आहर्ता या लेखक होता है | 1 आहर्ता (Drawer) - जो व्यक्ति विनिमय विपत्र लिखता है , उसे आहर्ता कहते है प्रायः लेनदार ही आहर्ता या लेखक होता है |2 आहर्यी (Drawee) - जो व्यक्ति ऋणी होता है तथा भुगतान के लिए आदेशित किया जाता है स्वीकर्ता या आहर्यी कहलाता है | 3 अदाता या प्राप्तकर्ता (Payee) - अदाता दो प्रकार के होते है - ¡ वह व्यक्ति जो विपत्र का लेखक होने के नाते राशि प्राप्त करता है ¡¡ वह व्यक्ति जिसके पक्ष मे लेखक ने विपत्र का बेचान कर दिया हो | |
|
| 6357. |
Paid by cash bill drawn by x&co.,on credit |
|
Answer» d) ₹ 750000 Hope this HELPS ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️ Mark as BRAINLIEST ❤️ ga❤️ |
|
| 6358. |
Standard time of a product = 6 hours per unitstandard rate = ₹ 4 per hour actual cost of production = 1500 units actual hour taken = 7600 units idle time = 400 units ( in hours) totals hours = 8000 Total labour cost announced to rupees 40000. calculate labour variances. |
|
Answer» Total hours : 8,000 Total LABOUR cost announced to RS. 40,000. CALCULATE Labour Variance. Hope this HELPS ❤️❤️❤️ ❤️ |
|
| 6359. |
Suspense account appearing in the trial balance is shown in the balance sheet (true/false) |
|
Answer» True Hope it's help Mark as BRAINLIEST ❤️ |
|
| 6360. |
Describe the open market purchase method of debentures redemption |
|
Answer» Answer: When a company purchase its debentures from the OPEN market (if mentioned in article of association) then that PROCESS of purchase is CALLED redemption of debentures by purchase of own debentures in open market. Debentures can be purchased from open market for TWO PURPOSES that are: For the purpose of investment. |
|
| 6361. |
M/s Pravesh and Sons is showing following transactions. Prepare accounting equation andBalance Sheet(i) Commenced businesswithcash..............Rs.120000/-. Cabe(ii)Purchasedgoodson credit for ....... ................ Rs. 90,000.-(11) Purchasedmachinerz......Rs.25.000.(iv)Owner sold his personal car and invested amount business.Rs.20,000. Bar(v) Goods Costing Rs 25000 is sold at a profit of 20% on cost price(vi) Interest on capital @ 10% on initial capital is to be provided |
|
Answer» duffifididdocogir8docorrkvkdaiflvkcutohlcduvjxusitphm kxustogkcjd7e7vk us6prlvks6w8tlvkxue7togud6r8glce6fots84dlgxitwotxotsot 4iafk,KT lys9txlh otsog lyepuclyeotxotzmvz4islgdo5xotepyx06zlgz49zltsi4akfzo5zotzkfarirzotOr,rizhlzepyxlyx6pdlh PYF |
|
| 6362. |
Payee of a bill can get it before it's due date by getting it ? |
|
Answer» Answer: There is discounting facility available. If the payee NEEDS cash before DUE date, he can take the bill to a bank which will discount the bill and give him a cash amount equal to VALUE of the bill minus the discount. Some examples of bills of exchange are cheque, bank DRAFT, hundies etc. ♣️❤️ xGangsterGirlsx ❤️♣️ |
|
| 6363. |
Payee of a bill can get the amount of it before it's due date by getting it? |
|
Answer» Answer: ONLINE BILL pay is a digital banking service that lets you pay bills over the web from a bank account—often at no extra cost. It can SIMPLIFY your finances by eliminating the need to write out checks or count and distribute paper currency. Understanding what online bill pay offers and how it works can help streamline your cash flow. ♣️❤️ xGangsterGirlsx ❤️♣️ |
|
| 6364. |
Payee of a bill canget the amount of it before it's due date ....... |
|
Answer» what do you mean by it please let me know if you have any QUESTIONS or NEED any further information please TELL properly |
|
| 6365. |
Liability side investment fluctuation fund 75000Asset side investment 300000 |
Answer» LiabilitiesInvestment FLUCTUATION FUND ₹75,000AssetsInvestment ₹ 3,00,000 |
|
| 6366. |
Accounts maintained in 'accounts from incomplete records' are ....... and ...... |
|
Answer» Answer: ACCOUNTS MAINTAINED in accounts from INCOMPLETE records are liabilities and ASSETS |
|
| 6367. |
Furniture is a asset or liability capital Expenses or losses and Revenue /gains |
|
Answer» FURNITURE is a ASSET of COMPANY or Firm. Explanation: |
|
| 6368. |
Modi textiles, Delhi consigned to Vinod Enterprises, Calcutta 100 cottonbales. The invoice price of each bale was Rs 1,500 each which includes 20% profit on invoice price. The consignor paid Rs. 2,500 for insurance and Rs 4,000 for carriage and freight. The consignee received cotton bales and sold 75 bales for cash and realised Rs 1, 12, 500. He incurred Rs 1,800 on godown rent and was allowed 10% commission on sales. 5 cotton bales were spoiled in godown and they are to be valued at 50% depreciation. Show consignment account in the books of Modi Textiles. |
|
Answer» 4,000 for carriage and freight. The consignee received cotton bales and sold 75 bales for cash and realised Rs 1, 12, 500. He incurred Rs 1,800 on godown rent and was allowed 10% commission on SALES. 5 cotton bales were SPOILED in godown and they are to be valued at 50% DEPRECIATION. Show consignment account in the books of Modi Textiles. Hope this helps ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️ Please mark as brainliest ❤️ |
|
| 6369. |
Depreciate furniture with book value Rs125000 @10percent p.a.for the year journal entry |
|
Answer» Answer: Depreciation A/c....................DR. 12500 To, Furniture A/c.....................Cr. 12500 Explanation: Depreciation is an Expense of firm, but there is no outflow of cash. Depreciation is an Expense therefore it is part of nominal A/c, it shows in DEBIT SIDE of P&L. Value of furniture is decrease due to wear and tear, and it is part of REAL account. And, In furniture A/c it show on credit side on the name of Depreciation. |
|
| 6370. |
Purchased a machine for RS.22000 from Ram, paying cash of Rs.15000 |
| Answer» | |
| 6371. |
In double column cash book...........discount is not recorded. |
| Answer» | |
| 6372. |
Q. 25. A, B and C sharing profits and losses in the ratio of 4:3:2, decide to shareprofits and losses in the ratio of 2:3:4 with effect from 1st April, 2016. Following isan extract of their Balance Sheet as at 31st March, 2016:LiabilitiesAssetsInvestment Fluctuation Reserve 54,000 Investments (At Cost)6,00,000Show the accounting treatment under the following alternative cases :Case (i) If there is no other information.Case (ii) If the market value of Investments is 6,00,000.Case (iii) If the market value of Investments is 5,91,000.Case. (iv) If the market value of Investments is 5,28,000.Case (v) If the market value of Investments is 6,60,000.[Ans. Case (i) and (ii) :Credit A's Capital A/c by 324,000, B's Capital A/Cby 18,000 and C's Capital A/c by 12,000.Case (iii) : Credit A's Capital A/c by 320,000, B's Capital A/Cby 15,000 and C’s Capital A/c by 10,000.Case (iv): Loss on Revaluation 518,000.Debit A's Capital A/c by 58,000, B's Capital A/c by6,000 and C's Capital A/c by 4,000. |
|
Answer» Case (iv): LOSS on Revaluation 518,000. Debit A's Capital A/C by 58,000, B's Capital A/c by 6,000 and C's Capital A/c by 4,000. Hope this helps ❤️❤️ Mark as BRAINLIEST ❤️ Follow me |
|
| 6373. |
From the past data the indices were calculated for money in circulation and cost of living. |
|
Answer» The adjustment is based on the rate of INFLATION, which represents the pace of RISING prices in the economy. ... As a result, the COST of living adjustment or COLA is designed to increase the benefits PAID by each year to keep pace with inflation as measured by the Consumer Price Index (CPI). |
|
| 6374. |
Fixed in the grade of rs. 72,000-3,800-1,10,000 since january 2018. she gets 30% of basic pay as dearness allowance (which is considered as pay for retirement benefits) |
|
Answer» as his remuneration.llowing is the Balance Sheet PREPARED by the FIRM as on the date of dissolution:LiabilitiesAmountAssetsAmountCreditorsCapitals :NareshMahesh30,00020,00059,000 CashDebtorsStock50,000 Capital A/c of Suresh1,09,0001,50043,00060,0004,5001,09,000Mahesh realised 35,000 from Debtors and 47,000 from Stock. Creditors were paid 57,500 in full settlement.Besides outstanding expenses of 500 were also paid. Suresh brings necessary cash.Show the Realisation Account, PARTNERS' Capital Accounts and Cash Account.a r10 Atrod Hope this helps ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️ Mark as brainliest ❤️ |
|
| 6375. |
From the past data the indices were calculated for money in circulation and cost of living |
|
Answer» Hey mate your answer is Cement Masters has entered an agreement with Meadow Golf Club to construct a new path for $200,000. With this agreement is a potential bonus payment of $40,000. This performance bonus is will be paid in full if the project is COMPLETED by the agreed UPON date. Otherwise, the payment amount will decrease by $10,000 PER week for each week beyond the agreed upon date. Experience by Cement Masters' project manager leads him to estimate that there is a 55% probability the project will complete on time, a 30% probability the project will be 1 week late, and 15% probability the project will complete 2 WEEKS LATER than the agreed upon date. Hope this helps Mark as BRAINLIEST ♥️ |
|
| 6376. |
If average profit is rupees 105000 normal rate of return is 15% and net assets are rupees 340000 be the value of goodwill?a) ₹ 300000b) ₹ 400000c) ₹ 600000d) ₹ 750000 |
|
Answer» d) ₹ 750000 Hope this HELPS ❤️❤️❤️❤️❤️❤️❤️❤️ MARK as BRAINLIEST ❤️ |
|
| 6377. |
Interest on capital to a partnership firm is -a) profitb) lossc) an incomed) an expenses |
Answer» interest on CAPITAL to a partnership firm and is debited to the PROFIT and loss appropriations ACCOUNThope you understand and LIKE |
|
| 6378. |
The liability of the partners in a partnership firm under Indian Partnership Act 1932 is -a) Limitedb) unlimitedc) no liability d) depending on the situation |
|
Answer» UNLIMITED.....................✌✌ |
|
| 6379. |
How is chlorophyll 'a' synthesized? |
|
Answer» Chlorophyll is synthesized within the chloroplast from a plentiful precursor, the amino acid glutamate. From glutamate to the tetrapyrrole protoporphyrin IX, at which the pathway branches between chlorophyll and HEME, the reactions occur in the plastid stroma and are catalyzed by soluble enzymes. HOPE THIS WILL HELP YOU PLEASE MARK THIS ANSWER AS BRAINLIST AND FOLLOW ME ✌️ALL THE BEST FOR YOUR EXAMS TAKE CARE (◍•ᴗ•◍)✧*。 |
|
| 6380. |
Cash brought in to business on cheque general entry |
| Answer» | |
| 6381. |
Nupur Ltd.was registered with an authorized capital of 20,00,000 divided into 2,00,000 equity shares of Rs.10 each.The company offered 1,50,000 equity shares for subscription to public and application were received for 1,40,000 equity shares. The director called Rs7 per share upto 31 march and the money called was dully received.Show note to account ....... |
|
Answer» first picture is the balance SHEET N 2nd picture is the NOTE to account of nupure LTD. |
|
| 6382. |
Purchase goods for office use for rs12000 give journal entry |
| Answer» | |
| 6383. |
Returned goods to harshal rs1000 give journal entry |
|
Answer» FOLLOW me |
|
| 6384. |
what is the treatment in BRS:- It was found that the total of one page on the payment side of the cash book was Rs. 4,520 but it was written on the next page as 5,420. (Dr.Balance of cash book is Rs. 12000) |
|
Answer» Answer: ADD:900 Explanation: BALANCE as per cash book. 12000 ADD:WRONG pmnt. 900 ................... 12900 .................... WN:. c.b(adjustment.) p.b LET bal be. 10000 10000 wrong RECORDING. (900) ................... ............... 9100. 10000 u should increase cash book by 900 or reduce pass book by 900,but here u can adjust only cash book hence ADD 900. |
|
| 6385. |
Compute the amount of subscription from the following items for the year ending 31st December, 2017.1) subscription received during year including rs.600 for 2016 and rs.800 for 2018 |
|
Answer» Answer: @ Rs. 200 as annual SUBSCRIPTION. Explanation: Subscriptions received during the YEAR ended December 31, 2011, by Royal Club were as under 2010 3,000 2011 93,000 2012 2,000 98,000 The club has 500 members each paying @ Rs. 200 as annual subscription. Subscriptions outstanding as on December 31, 2010 are Rs. 6,000. Calculate the amount of subscriptions to be shown as income in the Income and Expenditure Account for the year ended December 31, 2011 and SHOW the relevant data in the Balance SHEET as on that date. |
|
| 6386. |
Sheet)affiad a4 81 419, 2018hFrom the following balances, prepare final accounts of M/Mangal & Sons for the year endinga d found100 39141/8 Mangal & Sons for the year ending 31st March, 2018:पारम्भिक रहतिया (Opening Stock)12,500wa far (B/R)2,000fasha (Sales)70,000(Purchases)37,500der (Creditors)20,000dah (Salaries)3,85024 (Insurance)200देनदार (Debtors)32,500Grug (Carriage)1,450कमीशन नामे (Commission Dr.)750TA (Interest Dr.)34$ (Printing)250देय बिल (Bills Payable)3,150आन्तरिक वापसी (Returns Inward)1,300बाह्य वापसी (Returns Outward)500(Bank)5,250किराया एवं कर (Rent and Taxes)1,300फर्नीचर (Furniture)1,00045 (Capital)7,1003f-TH ETC (Closing Stockh15,000 1Ans Gross Profit 32,750; Net Profit * 25,500; B/S Total 55,750]900 |
|
Answer» Answer: question at RIGHT EXPLANATION not understanding question Explanation: |
|
| 6387. |
14 Ascertain the claim for loss of profit from the following particulars:Turnover for financial year ended 31.03.2014 Rs. 2,00,000 Indemnity period 6 monthsPeriod of interruption 1.10.2014 to 31.01.2015Net profit Rs. 18,000Standing charges Rs. 42,000 out of which Rs. 10,000 have not been in-sured.Sum assured Rs. 50,000Standard turnover Rs. 65,000Turnover in the period of interruption Rs. 25,000 out of which Rs. 6,000was from a rented place at Rs. 600 p.m. Annual turnover is Rs. 2,40,000Saving in standing charges Rs. 4,725 p.a.Data of fire 30.09.2014A trend of 10% increase in sales had been located from the experience oflast years. |
|
Answer» Answer: IDENTIFY the 'Accounting CONCEPTS' involved in the following: Identify the 'Accounting Concepts' involved in the following:a) Production Manager of the company is INTERESTED to reflect the good INDUSTRIAL relations in the Identify the 'Accounting Concepts' involved in the following:a) Production Manager of the company is interested to reflect the good industrial relations in theaccounts. Identify the 'Accounting Concepts' involved in the following:a) Production Manager of the company is interested to reflect the good industrial relations in theaccounts.b) Machine is recorded at cost (Rs. 50,000) while the market value is Rs. 45,000. Identify the 'Accounting Concepts' involved in the following:a) Production Manager of the company is interested to reflect the good industrial relations in theaccounts.b) Machine is recorded at cost (Rs. 50,000) while the market value is Rs. 45,000.c) Accounts are prepared at the end of every YEAR. Identify the 'Accounting Concepts' involved in the following:a) Production Manager of the company is interested to reflect the good industrial relations in theaccounts.b) Machine is recorded at cost (Rs. 50,000) while the market value is Rs. 45,000.c) Accounts are prepared at the end of every year.d) Same accounting methods are used year after year. |
|
| 6388. |
The following information of a company is given:Current Ratio = 2.8, Acid Test Ratio = 1.5 , Working Capital = Rs.1,62,000Calculate: (i) Current Ratio (ii) Current Liabilities (iii) Liquid Assets |
|
Answer» Answer: Current Ratio = CA/CL, 2.8 = CA/CL, CA = 2.8 CL ---------------------(1) And, QUICK Ratio = 1.5 Quick Ratio = QA/CL 1.5 = QA/CL QA = 1.5 CL ----------------------(2) ------------------------------------------------ Working Capital RATION Formula: Working Capital = Current ASSET - Current Liabilities 162000 = 2.8 CL - CL (By Equation 1, CA = 2.8 CL) 162000 = 1.8 CL CL = 162000/1.8 Current Liabilities = 90000 --------------------------------------------------- Current Asset = 2.8 CL Current Asset = 2.8 * 9000 Current Asset = 252000 --------------------------------------------------- Quick Asset = 1.5 CL ----------------------------- (by Equation 2, QA = 1.5 CL) Quick Asset = 1.5 * 9000 Quick Asset = 60000 Explanation: |
|
| 6389. |
From the following information calculate cash flow from operating activities :Net profit as per statement of Profit and Lossfor the year ended 31st March, 20173,20,000Depreciation on Fixed Assets for the year72,000Transfer to Reserve Fund45,000Dividend Paid50,000The balances of the Current Assets and Current Liabilities as per Balance Sheets a31st March, 2016 and on 31st March, 2017 were as follows:31" March, 201631" March, 2017ParticularsCash and Cash Equivalents2,00,0002,30,000Debtors1,65,0001,75,000Inventories CA2,30,0001,80,000Accounts Payable1,80,0002,20,000Xrade aPayably.2254/OSS/1-320-A1 |
|
Answer» 31" March, 2016 31" March, 2017 Particulars CASH and Cash Equivalents 2,00,000 2,30,000 Debtors 1,65,000 1,75,000 Inventories.. PLEASE MARK AS BRAINLIEST ❤️❤️ |
|
| 6390. |
Which one of accounting would be closed to the income summary accounting at the end of a period?A. sales B. salary expense C. both sales and salary expense D. niether sales nor salary expense |
|
Answer» Explanation:as it brings income when goods are sold |
|
| 6391. |
What is reissue of shares |
|
Answer» Answer: Hope it helps you. Explanation: Re-issue of Forfeited Shares. FORFEITURE of shares refers to the cancelation of shares. Sometimes, SHAREHOLDERS MAY be unable to pay the money due on allotment or calls on the due date. In this case, the COMPANY may forfeit such shares. ... Consequently, the Company may opt for REISSUE of Shares. |
|
| 6392. |
Yash maintains his account on Single Entry System. Calculate his profit on 31 March, 2019 from thefollowing information: particulars 1-4-18 31-3-191- cash in hand 6000 20002- bank balance 18000 140003- furniture 8000 80004- stock 4000 120005- creditor 16000 120006- debtors 12000 16000his drawings were Rs 4000 and additional capital invested Rs.8000.1- write off Rs.600 as bad debts.2- create 5% provision for bad and doubtful debts.3- change decoration @ 10% on asset. |
|
Answer» 8000 8000 4- STOCK 4000 12000 5- creditor 16000 12000 6- debtors 12000 16000 his drawings HOPE THIS HELPS ❤️ PLEASE MARK AS BRAINLIEST ❤️❤️ |
|
| 6393. |
What is the procedure for amalagamation of two companies |
|
Answer» Answer: Amalgamation is the combination of two or more companies into a NEW entity by combining the assets and liabilities of both ENTITIES into one. The transferor COMPANY is absorbed into the stronger, transferee company, LEADING to an entity with a stronger customer BASE and more assets. |
|
| 6394. |
What are post dated vouchers and explain the uses |
|
Answer» Answer: A VOUCHER is a bond of the redeemable transaction type which is WORTH a certain monetary value and which may be spent only for specific reasons or on specific goods. Examples include housing, travel, and food VOUCHERS. The term voucher is also a synonym for receipt and is often used to refer to receipts used as EVIDENCE of, for example, the declaration that a service has been performed or that an expenditure has been MADE. Voucher is a tourist guide for using services with a guarantee of payment by the agency. The term is also commonly used for school vouchers, which are somewhat different. |
|
| 6395. |
Identify the correct sequence of accounting process |
|
Answer» I didn't UNDERSTAND of that QUESTION |
|
| 6396. |
What do you mean by Redemption of conversion?Explain with the example of journal entries. |
|
Answer» Answer: Redemption of DEBENTURES by CONVERSION The debentures may be REDEEMED by converting them into equity SHARES as per the terms of their issue. The Companies Act PROHIBITS any non-convertible portion of the debentures to be redeemed |
|
| 6397. |
Why expenditure on contruction of pavilion first added to capital fund and then deducted to pavilion fund |
|
Answer» thiigsnkjevvfjjevwjkqbb |
|
| 6398. |
What is advantage of retification error? |
|
Answer» Answer:
|
|
| 6399. |
Double column cash bookJune10 discounted a bill of exchange at 1% through bank 5000 |
|
Answer» rs 4950 will be DEBITED to bank column of cash BOOK To B/R A/c 4950 |
|
| 6400. |
From the following prepare Bank Reconciliation statemwnt as on 31-12-2014 . (a) Debit balance as per cash book ₹10,000. (b) cheque of ₹ 500 issued in favor of karan not presented for payment. (c) a cheque for ₹ 295 deposited in the bank has been dishonoured. (d) a sum of ₹ 800 deposited in the bank has been credited ₹ 80 in the pass book. (e) payment side of cash book has been under cast by ₹ 200 |
|
Answer» here is your answer Explanation: hope it helps you please do RATE |
|