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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.
| 6551. |
A suggested list of different item is given below.1. Rent2. Advance rent (approximately three months]3. Electricity deposit4. Electricity bill 5. Electricity fitting6. Water bill7. Water connection security deposit8. Water fittings 9. Telephone bill10. Telephone security deposit11. Telephone instrument12. Furniture13. Computers14. Internet connection15. Stationery16. vertisements 17. Glow sign18. Rates and Taxes19. Wages and Salary20. Newspaper and magazines21. Petty expenses22. Tea expenses23. Packaging expenses24. Transport25. Delivery cycle or a vehicle purchased 26. Registration27. Insurance28. Auditors fee29. Repairs & Maintenance 30. Depreciations31. Air conditioners32. Fans and lights33. Interior decorations34. Refrigerators 35. Purchase and salesCapital of the firm you can assume yourself.(in project work needed- Transaction,journal, ledger,trial balance, and financial statement. Date 01-04-2020 to 31-03-2021minimum 50 transactions. With all nature of account- personal account,real account,nomonal accounts.)guys tell me answer |
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| 6552. |
Meaning of Cash flow ? |
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Answer» Definition: The amount of cash or cash-equivalent which the company receives or GIVES out by the WAY of payment(s) to creditors is known as cash flow. ... If the difference is negative it MEANS that you have LESS amount of cash at the end of a given PERIOD when compared with the opening balance at the starting of a period. |
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| 6553. |
Se : 30-Apr-B.Com-CC-4-Financial Accountancy - ||Question 15 :Calculate Purchase Cost of goods sold = 1,00,000 Opening stock = 8,000 Closing stock = 20,0001,08,0001,12,0001,00.0001,28.000 |
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Answer» COST of goods sold = Opening STOCK + Purchase - CLOSING stock 1,00,000 = 8,000 + Purchase - 20,000 1,00,000 = Purchase - 12,000 1,00,000 + 12,000 = Purchase Purchase = 1,12,000 Therefore, Purchase = 1,12,000 |
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| 6554. |
Fire insurance is not applicable to ____ |
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Answer» Answer: The term fire insurance refers to a form of property insurance that covers damage and losses caused by fire. Most policies come with some form of fire protection, but homeowners may be able to purchase ADDITIONAL coverage in case their property is lost or damaged because of fire. Purchasing additional fire coverage helps to cover the cost of replacement, repair, or reconstruction of property above the LIMIT set by the property insurance policy. Fire insurance policies typically contain general EXCLUSIONS such as war, nuclear risks, and SIMILAR perils |
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| 6555. |
One word answers what is the main objective of preparation of trading balance? |
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Answer» ascertainess of ARITHMETICAL ACCURACY |
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| 6556. |
A person appointed for checking the acconts is knows as |
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Answer» a PERSON appointed for CHECKING the ACCONTS is knows as AUDITOR. |
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| 6557. |
Show the accounts equations on the following transactions andpresent a balance sheet 1mohan concerned business with 70000 purchased goods on credit 14000 |
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Answer» SORRY , I don't no the answer |
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| 6558. |
2021 Mar 1 Started business with cash 50000 Mar2 Cash sales 40000 Mar 3 paid wages 3000 Mar 4 Purchased goods for 20000 @10% T.D. Mar 5 Purchased Machinery from Kirloskar Brothers .Find out the closing balance of cash a/c |
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Answer» he was ONE of the most influential SCIENTIST of the world he was an ENGLISH PHYSICIST and a member of the British parliament he formulated the laws of montion |
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| 6559. |
Single entry system useful for |
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Answer» Single-ENTRY bookkeeping is a method for RECORDING your business's finances. You record one entry for every transaction. The single-entry method is the FOUNDATION of CASH-basis accounting. With the single-entry system of bookkeeping, you mostly record cash disbursements and cash receipts. |
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| 6560. |
Ques no. 3 : The First book oforiginal entry is the |
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Answer» Answer: The FIRST book of original ENTRY is the Journal. Explanation: Books of original entry is nothing but an accounting book or journal where all transactions are initially RECORDED. All business transactions, their details and descriptions are first recorded in the book of original entry. Hope it is helpful to you.Please Mark me as Brainlist.Please SUPPORT me. |
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| 6561. |
If one veriable contribute positively to the dependent variable then the value of b is |
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Answer» Answer: That is, if you KNOW a value of variable A you still know nothing about variable B. A POSITIVE correlation means that the TWO variables are related such that as one changes, the other changes in the same direction. |
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| 6562. |
Age of 5 students in a class is example of parameter or statistic |
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Answer» parameter. Explanation: A parameter NEVER CHANGES, because everyone (or EVERYTHING) was surveyed to find the parameter. For example, you might be interested in the average age of everyone in your CLASS. Maybe you asked everyone and found the average age was 25. That's a parameter, because you asked everyone in the class. |
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| 6563. |
Cost accounting pdf |
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Answer» sjjsjsjjsjsjsjsjhshshshshshhshshbshjsjsjsjjsj |
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| 6564. |
The Trial Balance of Ghosh Electricals as on 31.12.2014 is given below.Particulars42.000Furniture1,40,000Building80,000Motor Vehicles70,000$2,000Debtors and creditors86,000Stock (01.01.2014)6,42,000 8.86.000Purchase and sale6,00012.000Sales and purchase return18,000Cash in hand36,000Bank overdraftInterest on bank overdraft2,700Commission received11,000General expenses60,000Salaries18,000Carriage on purchase84,000Drawings15,000Insurance premium40,000InvestmentIncome from investment1,60012% Bank loan (Taken on 01.04.2014)2,00.000Interest on bank loan16,000Bad debt1,200Capital1.40,70013,31,000 13,31,000Other information(a) Closing Stock as on 31.12.2014 was valued at Rs. 54.000.(b) Outstanding salaries on 31.12.2014 Rs. 2,400(c) Goods costing Rs. 12,000 destroyed by fire and against which insurance claim admitted by the Insurance Company isRs.9,000. The cheque for which is yet to be receivedd) Charge depreciation @ 10% p.a, on Furniture and Building [email protected] 25% pa. On motor vehicles under Diminishing BalanceMethod. From the above Trial Balance and other information, prepare a Trading and Profit & Loss Account of Ghose Electricalor the year ended on 31.12.2014 and a Balance Sheet as on that date. |
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Answer» Answer: The Trial Balance of Ghosh Electricals as on 31.12.2014 is given below. Particulars 42.000 Furniture 1,40,000 Building 80,000 Motor Vehicles 70,000 $2,000 Debtors and creditors 86,000 Stock (01.01.2014) 6,42,000 8.86.000 Purchase and sale 6,000 12.000 Sales and purchase return 18,000 Cash in hand 36,000 Bank overdraft Interest on bank overdraft 2,700 Commission received 11,000 General expenses 60,000 Salaries 18,000 Carriage on purchase 84,000 Drawings 15,000 Insurance premium 40,000 Investment Income from investment 1,600 12% Bank loan (Taken on 01.04.2014) 2,00.000 Interest on bank loan 16,000 Bad debt 1,200 Capital 1.40,700 13,31,000 13,31,000 Other information (a) Closing Stock as on 31.12.2014 was valued at Rs. 54.000. (b) Outstanding salaries on 31.12.2014 Rs. 2,400 (C) Goods costing Rs. 12,000 destroyed by fire and against which insurance claim admitted by the Insurance Company is Rs.9,000. The CHEQUE for which is yet to be received d) Charge depreciation @ 10% p.a, on Furniture and Building [email protected] 25% pa. On motor vehicles under Diminishing Balance Method. From the above Trial Balance and other information, prepare a Trading and PROFIT & Loss Account of Ghose Electrical or the year ended on 31.12.2014 and a Balance Sheet as on that date. |
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| 6565. |
What rights does the partner have |
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Answer» ok Explanation: Right to participate in business: Each PARTNER has an equal right to take part in the conduct of their business. ... This right is applicable equally to ACTIVE and dormant partners. Right to share profits: Partners generally DESCRIBE in their deed the proportion in which they will share profits of the FIRM. |
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| 6566. |
Write the silent points of partnership deed |
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Answer» ABSENCE of a PARTNERSHIP Deed The partners will share profits and losses equally. Partners will not get a salary. Interest on capital will not be payable. Drawings will not be chargeable with interest. Partners will get 6% p.a. interest on LOANS to the FIRM if they mutually agree. |
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| 6567. |
When accounting records aredestroyed along with stock in the firethen of loss is difficult.ComputationReductionDeductionAllocation |
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Answer» COMPUTATION is the answer |
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| 6568. |
Goshwara voucher for issued a cheque for rs 28500 for office rent after deducting 5% rent tax. |
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Answer» MARK MY ANSWER AS BRAINLIEST PLEASE Explanation: 1425 |
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| 6569. |
Ap Company Purchased a Machine Cost $ 150000 on Jan 1, 2015.This Machine falls under MACRS 5year property. AP pays tax at 38%.This Machine was sold on Dec 31,2018 at $32000.What is the after Salvage Value |
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Answer» ooooooooooooooooooooooooooooo |
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| 6570. |
on 1-1-2010 a machinery was purchase for 8000. it was sold on 30-6-2010 for 6000. Depreciation is charged at 10% on original cost. Books are closed on 31st December every year. prepare machinery account and Depreciation account for the above period. |
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Answer» thanxforfreepoints.. |
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| 6571. |
Business Transactions are usually divide into _______ Categories |
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Answer» Business TRANSACTIONS are usually divide into 3 CATEGORIES |
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| 6572. |
Who are the persons paying roy royalty |
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Answer» Answer: Royalties are payments MADE by one COMPANY (the LICENSEE) to another company (the licensor) in exchange for the RIGHT to use intellectual PROPERTY or physical assets owned by the licensor. |
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| 6573. |
What does the capital does not include?a.entrance feesb.building fundc.legaciesd.life membership fees |
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| 6574. |
46. From the following information, ascertain the total purchase:₹Opening Balance of cerditors98,000Cash paid to suppliers- 4,57,600Discount received17,400Bills payable accepted1,25,000Return Outward21,000Cash Purchase3,50,000Closing Balance of creditors80,000 |
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| 6575. |
Please solve this problem...ASAP! |
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Answer» Your answer Buddy ! It is an EXTRACT so BALANCE Sheet is not MATCHED and SURPLUS / deficit is not CALCULATED . |
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| 6576. |
When he closedhis ledger account at 30 april2013 Luthga's wages expense account had adebit balance of 7 87,963. Luthoa alsohad to make provision of a 1,268 foroutstanding wages. What is the Luthra'sopeningbalance for wages at I may 2013? |
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Answer» Answer: |
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| 6577. |
Closedhad awhen hehis ledger account at 30 apsil2013 Luthga's wages expense accountdebit balance 7 87,963 - Lu thoa alsohad to make provision of a 1,268 forthe Luthoa'soutstanding wages. What isbalanceopening )for wages autI may 2013? |
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| 6578. |
12. In creative process, the stagewhich tells the specialty of productand how to use it is called * |
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Answer» IT IS CALLED ADVERTISEMENT. Explanation: MARK ME AS BRAINLIEST PLEASE |
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| 6579. |
Give the accounting equation rupali commenced business with bank balance rs. 25000/- |
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Answer» Answer: to CAPITAL A/C 25000 Note:make a journal then write this... |
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| 6580. |
From the following particulars, prepare the Profit andLoss Account of X Bank Ltd. for the year ending 31stMarch, 1996: (Rs. in Thousands)Rs.Interest on Loans3,490Interest on fixed deposits3,650Rebate on bills discounted (1.4.95)480Commission94Office expenses1,550Discount on bills discounted1,940Interest on cash credits2,240Interest on current accounts120Rent and taxes1801,280Interest on overdraftsDirector's fees42Interest on savings deposit accounts690Postal expenses15Printing and Stationery39Other expenses18Adjustments to be made:(a) Rebate on bills discounted 5,20,000(b) Provide for taxation @ 50% of the profits. |
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| 6581. |
Plant and machinery is a real account agree or disagree |
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| 6582. |
Total Purchases Rs. 4,50,000; Cash Purchases Rs.1,50,000; Creditors Rs.50,000;Bills Payable Rs.10,000. Trade Payables Turnover Ratio will be:9 times7.5 times |
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Answer» Given: Total Purchases Rs. 4,50,000; Cash Purchases Rs.1,50,000; Creditors Rs.50,000; Bills Payable Rs.10,000. To Find: Solution: Purchases = Total Purchases - Cash Purchases = 4,50,000 - 1,50,000 = 3,00,000 Average Trade Paybles = Bills Payable + Creditors/2 = 10,000 + 50,000/2 = 60,000/2 = 30,000 Ratio = Purchases/ Average Trade Paybles = 3,00,000/30,000 = 10 Answer: The Turnover Ratio is 10 times |
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| 6583. |
Demand drafts and Telegraphic transfers are shown in the Bank accounts under the head |
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Answer» odididixiszjchzjxckfxifxg"(&8 |
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| 6584. |
Which of following real account?(building ac, capital ac,shyam ac,rent ac) |
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Answer» Answer: BUILDING IS THE REAL ACCOUNT because it does not close by the END of the YEAR. The AMOUNT CARRIES forward again and again to the next year |
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| 6585. |
HRIKRUPSSHRIKRUFEPAGE-DATEराभी नई जनरल स्टोअर्स यांच्या पुस्तफान खालील व्याहारामाविनोदी फरा,2014 अपिल । श्री नरेंद्र यांनी रोज सकम 50,000 लागूनव्यवसायकिला कुडून मालाची उयारी केली 20,000thTविकासला उद्यारीवर माल विकूला 5,500 रूकेले 30,000 रूवाहक धनदिश मिळाला 25,000 रू25 फमिशन मिळाले 1000 रुका पगारापे दिले 5,000 रूसुरू केला,5 भाडे दिले23000 रू18% न्हा ने फर्निचर रोष खरेदी1518.विकास फडून |
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| 6586. |
122.30Be pahle padRetouCopachineCan Bals of44. From the showing indormation, certain the total purchaseOpeningBodinCash pad te peunted语 459.50027.400125.00021.0003.50,000Ratu ChandCash PurchaСкиing Balance of credneyAdvanced Level Problems :dement Form or Synthetical Method: |
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Answer» hhhahshsefjcjjsjdufisjjd |
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| 6587. |
Liquidator is paid ___ for doing the liquidation worka) remunerationb) cash flowc) funds flowd) discount |
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Answer» Explanation: A liquidator is paid for the WORK that they do. Their payment can be in the FORM of a pre-agreed fixed sum, an hourly rate, or as a percentage of the assets they REALISE. This payment should be agreed at the creditors' meeting or with the creditors' COMMITTEE. |
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| 6588. |
Discount Received shall be recorded on _____. |
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Answer» Discount received acts as a gain for the business and is shown on the credit side of a profit and loss account. Trade discount is not shown in the MAIN FINANCIAL STATEMENTS, however cash discount and other types of discounts are shown in books of accounts. Explanation: thank you ❤️❤️ |
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| 6589. |
All events of business are measured in terms of |
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Answer» Answer: A BUSINESS event which can be MEASURED in terms of money and MUST be recorded in BOOKS of accounts is called TRANSACTION |
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| 6590. |
Solution please interest on drawings |
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Answer» Answer: 12000×15/100×6.5/12=975 Explanation: 1000p.m. (1000×12=12000) the FORMULA for MONTHLY DRAWINGS in the BEGINNING of the MONTH is 6.5/12 |
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| 6591. |
Illustration 5.Delhi stores has its branch at Lucknow. Goods are Invoiced to thisbranch at 20% Profit on invoice.Price from the following details prepare Branch Account in the booksof Head office showing Branch profit :Goods Supplied to Branch (At Invoice price)Wages (Paid by Head Office)Rent (Paid by Head Office)Sundry Expenses (Paid by Head Office)Cash SaleCash Received from debtorsCredit saleDiscount allowed to customersGoods SpoiledGoods Returned by customers38,0001,5201,80020024,80010,00011.200400100200(DR. B.R.A.U. 2009) |
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| 6593. |
Shcedule II provides for -- |
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Answer» Answer: Schedule II of the Companies Act, 2013provides Useful Lives to COMPUTE Depreciation as against Rates of Depreciation PROVIDED hitherto in theSchedule XIV of the Companies Act, |
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| 6594. |
Mr Rai paid carriage inward expenses rs 500 it's journal? |
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Answer» CARRIAGE inward Expenses. DR. 500 To Cash Cr. 500 (Being carriage inward Expenses PAID by cash) |
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| 6595. |
Mr. Aranu purchased a machine by hire purchase system for Rs.30000 to be paid as followsAmount (Rs.)Down paymentAt the end of the first yearAt the end of the second year6.500At the end of the thund year6.00At the end of the fourth yeur5.08000Interest is charged on the value on 10% pa.At whil value should the machine he capitalised |
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Answer» Explanation: Aranu purchased a machine by HIRE PURCHASE system for Rs.30000 to be paid as follows Amount (Rs.) Down payment At the end of the FIRST year At the end of the second year 6.500 At the end of the thund year 6.00 At the end of the fourth yeur 5.08000 Interest is CHARGED on the value on 10% pa. At whil value should the machine he capitalised |
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| 6596. |
R, S and M are partners sharing profits in the rule of 3:2:1. S wants to retire from the firm. Forthis purpose, goodwill is valued at 2 years purchase of average super profits of last three year.The profits of the last three years are Rs 35,000, Rs 37.500 and Rs. 40,000 respectively. Thenormal profit for similar lirit is Rs. 28,500, Prins journal entry for goodwill |
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Answer» of 3:2:1. S wants to RETIRE from the firm. For this purpose, goodwill is valued at 2 YEARS purchase of average super profits of LAST three year. The profits of the last three years are RS 35,000, Rs 37.500 and Rs. 40,000 respectively. The normal profit for SIMILAR lirit is Rs. 28,500, Prins journal entry for goodwill |
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| 6597. |
The commissioner or any other authorised by him by way of general or specific order may within___ of any registered order.a) provisional assessmentb) best judgement assessmentc) aduitd) no of the above |
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Answer» a Explanation: |
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| 6598. |
123468 divisible by 12 |
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Answer» yey9ddypdodotdtodtodstisitsisitz hdyodyodyodtodyodyoxyoxyod |
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| 6599. |
+PROBLEM :-A company annually manufacturers on unitaa product at a cost of ulipen unit and there!ů home market for ansurning the entire volumeof production at the sale price ofin the year 2007, there ua fall in the demandfor home market which can lokume e, o nounits only at a sale price of 3.72 per unit .The analysis of the cost per 10,000 unite s.MaterialsISOOD11.opefixed overheadsSODDVariable ott's6000The foreign market is explored and it isfound that this market con consume 20,000unite of the product & offered at a hale price 3.55/- per unit. It į also discovered thatfor additonal 10,000 units of the prodretLover initialt 10,000 units) the fixed overheadsheill increase by 10%. If it worth while to tryto capture the foreign market.? |
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Answer» don't UNDERSTAND this QUESTION SRY |
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| 6600. |
____ are issued with a face value of Rs 1 lakh and in multiples of Rs 1 lakh thereof |
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Answer» Answer: 1 lakh Explanation: MINIMUM amount of a CD should be RS. 1 lakh i.e., the minimum DEPOSIT that can be accepted from a single SUBSCRIBER should not be LESS than Rs 1 lakh. CD issued will be in multiples of Rs 1 lakh. |
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