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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.
| 6601. |
Question 49:Mr.W has the followingincome/losses: Loss from Business-(8,00,000) & Long term capital gain-12,00,000: Mr. W's taxable income willbeRs. 1,00,000Rs.2,00,000Rs.5,00,000Rs.4,00,000 |
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Answer» Answer: Answer is 12 lakhs because BUSINESS Loss cannot be set off against long term CAPITAL GAINS |
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| 6602. |
* Question No. 1Note: This question is mandatory for you to attempt.True or False - A MIFT can be processed based only on basis of a telephone call from the remitter to the bank because the customer is a premium customer.O TRUEO FALSEماSave |
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Answer» Answer: Explanation: Answer: Lencho had COMPLETE FAITH in God. The following sentences in the text shows this: “God,” he wrote, “if you don't help me, my FAMILY and I will go HUNGRY this year.” He wrote 'To God' on the envelope, put the letter inside and, STILL troubled, went to town. |
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| 6603. |
Question 2 :Returns are not comparable intermsRelativeFullCompleteAbsolute |
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Answer» Relative Explanation: |
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| 6604. |
the following information has been extracted from the trial balance of m/s randhir transport corporation |
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Answer» Answer: lol Explanation: HAHAHA NIKL hahhahahahahaha AUTO wlae nikl PEHLI furst mai nikl |
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| 6605. |
If books are kept under single entry system, credit purchases are ascertained by preparing? |
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Answer» jf ififi |
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| 6606. |
delhi stores has its branch at Lucknow. goods are Invoiced to this branch at 20 %Profit on invoice. price from the following details prepare Branch Account in the books of Head office showing Branch profit : Goods Supplied to Branch ( At Invoice price) 38000, wages ( Paid by Head Office) 1520, rent ( Paid by Head Office) 1800, Sundry Expenses ( Paid by Head Office) 200 cash sale 24800, cash received from debtors 10000, credit sale 11200, discount allowed to customers 400, goods spoiled 100, goods returned to customers 200 |
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Answer» I don't KNOW itnakakakakakkakakaak akaisns aiuhebukso. shsnsobxyeji |
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| 6607. |
ReviewAnswered & markedfor reviewQuestion No. 18Marks:Sales RS.2,60,000,purchasesRs.2,00,000,wages Rs.20,000, Closingstock was less than opening stock byRs.2,000. What is gross profit?1. Rs.38,0002. Rs.55,0003. RS.40,0004 Rs.45,000 |
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Answer» RS. 38000 Explanation: |
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| 6608. |
1. The damaged stock and undamaged stock are separatelyvalued and are called |
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Answer» Inventory management Explanation: At the end of a year , every ENTITY makes arrangements for valuing the stock so as to ARRIVE the correct value of the stocks to know the ACTUAL value of them and know the true profits of the firm |
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| 6609. |
From the following particulars, calculate closing branch debtors balance : Branch Debtors (1.1.2018) 16,300 Credit sales 49,000 Cash received from debtors 51,200. |
Answer» ANSWER :
______________________________________________________________ SOLUTION :❒ Given :-
❒ To Calculate :-
❒ CALCULATION :-Here,
Add : Credit Sales = Rs. 49,000 __________________________________________
Less : Cash Received from Debtors = Rs. 51,200 __________________________________________
Hence,
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| 6610. |
Fiscal solvency is a government in the debtas they become due |
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Answer» Busbsvstwfwgwuqbaoaoqow928ed ixbjddjdjdkdm Busbsvstwfwgwuqbaoaoqow928ed hhhhggyhbnkpp98988uuhuuubhhhh hhhhggyhbnkpp98988uuhuuubhhhh is a PART where DEVELOPMENT of the |
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| 6611. |
नरअ) खाली दिलेल्या पर्यायांमधून योग्य पर्याय निवडून वाक्य पुन्हा लिहा.१.सेक्रेटरी हा इंग्रजी शब्द लॅटिन भाषेतीलया शब्दापासून झाला असून ज्याचा अर्थ विश्वासू लेखनिक होय.(ब) स्क्राईब(क) सेक्रेटरीअस |
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Answer» SECRETARIES is the RIGHT answer Explanation: (B) option secretaries |
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| 6612. |
Every items of trial balance has only one effect (true or false) |
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Answer» HOPE it helps you please mark me AA brainlist |
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| 6613. |
Balance sheet is an _ a) an account b) a statement c) neither a statement not an account d) non of the above. |
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Answer» Answer: balance SHEET is a statement(or financial statement) hope this HELPS you please MARK as BRAINLIEST |
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| 6615. |
The Employee State Insurance scheme isadministered by _ |
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Answer» Explanation: The COMPREHENSIVE and multi-pronged social security programme is ADMINISTERED by an apex CORPORATE body called the Employees' STATE Insurance Corporation. |
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| 6617. |
Write journal entries for the following transection in the journal proper of Shri Rakesh Patel |
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Answer» what i did |
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| 6618. |
Q. No. 4₹Compute income from other sources from particulars given below:10,0001. Interest on deposits with a company2. University remuneration for working as examiner6,0003. Royalty for writing books60,000He claims to have spent 20,000 on writing these books4 Dividend declared by R. Co. on 1-3-2019 but paid on 1-5-20196,0005. Interim dividend paid on 1-5-20183,0006. Stake money on race horses1,50,000Horses are maintained by him and expenses onmaintenance of these horses are2,40,0007. Family pension received36,000[Hints : General Incomes u/s 56(1) 80,000 Specific incomes u/s 56(2) NIL Exp. on horses to bec/f 90,000 Income from other sources * 80,000 |
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Answer» answer I don't KNOW BRAINLIST me |
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| 6619. |
Divya keeps her books under single entry system. The following details are given.Particulars 2017 20181. Cash in hand 2000 40002. Cash at bank 3000 50003. Building 30000 300004. Plant and 3000 3000machinery5. Bills receivable 1000 15006. Stock 6000 80007. Bills payable 2000 22008. Sundary debtors 4000 60009. Sundary creditors 2000 1000 Additional information :- 1. Interest on capital is to be allowed at 10% p.a. 2. Building is to be depreciated by 10 % amd Plant machinery by 5% p.a. 3. Creditors are undervalued by 2000 4. Bills payable are overvalued by Rs. 600 5. Provide RDD at 5% on Debtors 6. Divya brought additional capital into the business Rs.1000/- on 1st Oct. 2017 |
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| 6620. |
१) खर्चांवरील उत्पन्नर्ेअधिक्य ______________.अ) नफच ब) तटू क) तोटच ड) आधथिक संस्थच. |
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Answer» thanxforfreepoints.. |
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| 6621. |
When preference shares are due for redemption then which ac is credited |
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Answer» Answer: when the PREFERENCE SHARE are redemeed the share capital account is credited the journal entry PASSED is REDEMPTION of preference share capital A/C DR To Share capital A/C |
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| 6622. |
Loyal Shoe Company opened a branch at Madras on01.01.2007. From the following particulars prepare Madras Branch Account for the year 2007. Rs. Goods sent to Madras Branch 45,000Cash sent to Branch for Rent 1,800Salaries 5,000Other expenses 1,600Cash received from the branch 60,000Stock on 2007, 31st December 5,800Petty cash in hand on 2007, 31st December 30 |
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Answer» Answer: 654456536642153245456677688786678699554863818309=45:5:--8;5;6_2&54#_)/(;(!(?)!((?+:-&6&3&655-- |
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| 6623. |
26. A subsidiary company canacquired share in Holding company...* |
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Answer» Answer: it was acquired by the British governer GENERAL LORD WELLESLEY |
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| 6625. |
LQue. No. 61.5 marksIn Branch Accounting, depreciation onbranch fixed assets isA) Credited to Debtors AccounB) Debited to Fixed Asset AccountC) Shown in Branch AccountD) Not shown in Branch Account |
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| 6626. |
Goodwill is in qsset |
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Answer» Answer: Goodwill is an intangible asset that is associated with the purchase of one company by another. SPECIFICALLY, goodwill is the portion of the purchase price that is higher than the sum of the net fair value of all of the ASSETS PURCHASED in the acquisition and the liabilities assumed in the process. The value of a company’s brand name, solid customer base, good customer relations, good employee relations, and proprietary TECHNOLOGY represent some reasons why goodwill exists. Explanation: HOPES it helps you |
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| 6627. |
The objective of is toprescribe the accounting anddisclosure of employee benefit. |
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Answer» Answer: The objective of IAS 19 is to is to prescribe the accounting and disclosure for EMPLOYEE BENEFITS |
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| 6628. |
(d) CHEQUE PAID IN FOR COLLECTION BUT NOT COLLECTED5. The cash book shows a balance of rs 12500. On comparing the cash book with the pafollowing differences were noted.(a) cheques issued but not presented for payment600(b) cheque deposited in bank but not collected900(c) bank paid insurance premiumSOO(d) bank charge30(e) direct deposit by customer's200(0) interest on Investment collected by bank2006. from the following particulars you are required to ascertain the bank balance as woulthe cash book of K. BHARATHAN as on 31/07/2003 |
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Answer» thanxforfreepoints.. |
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| 6629. |
What is you insight about financial literacy? |
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Answer» Answer: Financial literacy includes UNDERSTANDING how a checking account works, what using a CREDIT card really means, and how to avoid debt. In SUM, financial literacy has a material impact on families as they try to balance their budget, buy a HOME, FUND their children's education, and ensure an income at retirement. |
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| 6630. |
State any four categories of accounts |
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Answer» ACCORDING to traditional APPROACH, the accounts are classified into FOUR types – PERSONAL accounts, real accounts, nominal accounts, and valuation accounts. |
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| 6631. |
A consignee is entitled to 10% ordinaryand 5% Del credere commission. If cashsales are Rs. 150,000/- and credit salesare Rs. 50,000/- the total commissionwould be... |
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Answer» TOTAL 50,000,00 Explanation: total 50,000,00 |
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| 6632. |
Brewn the middleQ. 22. A and B are partners sharing profits and losses equally with capitals of 30,000and 20,000 respectively. Their drawings during the year ending 31st March, 2013 are asfollows:31st March,A's drawings oninterest on dedrew 10,0030- 6-201231-7-20121-10-20121- 3-2013₹2,0001,0001,0001,600B drew 3600 at the end of each month. The deed provides interest on capitals anddrawings at 10% p.a. Calculate interest on capitals and drawings.terest on dr |
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| 6633. |
What do you mean by retail branch |
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Answer» Retail banking, also known as consumer banking or personal banking, is banking that PROVIDES financial services to individual consumers rather than businesses. ... Services OFFERED by retail banks include checking and savings accounts, mortgages, personal LOANS, CREDIT cards, and certificates of deposit (CDs). |
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| 6634. |
12.A. From the following details calculate capital gain.i. Sale consideration of residential house ₹25,00,000 on 26.10.2019 (CII:289)ii. Cost of acquisition of the house on 01,08.2008 is _ 7,02,000 (CII: 137)iii. Mew residential house acquired on 2nd February 2020 is ₹ 7,50,000. |
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| 6635. |
8. Drawing office salary is part ofof ..a. Office overheadsb. Prime coste Factory overheadsd. Selling overheads |
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Answer» Factory overheads Explanation: Drawing OFFICE salaries are INTERPRETED as salary paid for drawing the production chart or for the PURPOSE of production PLAN or production process that had to carried out and HENCE such salary should be recorded as factory overheads |
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| 6636. |
Callaghan Motors’ bonds have 10 years remaining to maturity.Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 8%,and the yield to maturity is 9%. What is the bond’s current market price? |
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Answer» thanxforfreepoints... |
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| 6637. |
1 point19. Find arithmetic mean of 9observation:12,15,20,18,25,32,30,40,4426.220 24.2233.2154.12 |
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Answer» 26.22 is the CORRECT answer |
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| 6638. |
Purchase goods of Rs 50,000 [email protected] 18% GST The total amount of GST Is |
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Answer» Answer: 9000 SGST 4500 CGST 4500 Explanation: |
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| 6639. |
Definition of reconciliation |
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Answer» Answer: RECONCILIATION is an accounting PROCESS that compares two sets of records to check that figures are correct and in agreement. ... Account reconciliation is particularly USEFUL for explaining the difference between two FINANCIAL records or account balances. |
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| 6640. |
B/d' indicates ____ balance |
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Answer» b/d' INDICATES BROUGHT down balance. Hope it's HELPFUL to you |
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| 6641. |
The claim has to be supported with the detail of |
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Answer» Answer: Skip to main content Skip to main contentLumen Basic Reading and Writing Module 2: Critical Reading Supporting Claims Introduction LEARNING OBJECTIVES identify various forms of support that can be used in a text to validate a thesis identify use of personal forms of support (narrative, anecdote) identify use of research-based forms of support (facts, statistics, outside authority) identify relationship between the rhetorical context of a text, and the effectiveness of the types of support used It’s very easy to make a bold claim and walk away. But how many people will be convinced by such a claim, all on its own? The HEAVY lifting of most writing comes in the form of supporting DETAILS. Support allows a claim to be verified, proven, and CONVINCING to an audience. Consider a recent example of an unsupported claim from early in the 2016 US Presidential campaign: Photo of Carly Fiorina in red dress holding microphone Carly Fiorina Main Ideas and Supporting Details Main Ideas This video draws a helpful distinction between main ideas and supporting details, to show the connection between the topic SENTENCE of a paragraph and other contents in the same paragraph. Supporting Details To dive in more deeply to the concept of supporting details, view the following video. It describes the techniques of outlining and mapping a paragraph for greater understanding. Relationship Between Purpose and Supporting Details As you might imagine, some types of supporting details work more appropriately than others, given the purpose of the writing overall. These two videos show the connections between the purpose of a piece of writing and the supporting evidence that appears inside the paragraphs. They also address the ways in which supporting ideas are “stacked” together inside a paragraph, with transitions to help a reader make sense of their internal relationships. Explanation: hope this answer will be helpful for you! |
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| 6642. |
3. With the help of Purchaseinvocie & other productiondetails thecan be calculated |
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Answer» Answer: TOTAL manufacturing cost = DIRECT materials + Direct labour + Manufacturing overheads can be calculated with the HELP of Purchase PRICE and other details. |
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| 6643. |
30. Secret reserve can be created byPublic limited company onlyBanking companies onlyPrivate limited company onlyCo-operative societies |
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Answer» B.) banking companies only. Don't forget to THANKS Mark me as BRAINLIST. |
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| 6644. |
Reimbursement of operating expenses analysis is the example ofchoice.Construction auditCompliance auditOperational auditTax auditPlease answer me fast only correct option dont include explanation. |
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Answer» option C operational audit |
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| 6645. |
Answer fast...A bill of exchange (received from Raja & Co.) for ` 20,000 had been returned by thebank as. dishonoured and had been credited to the bank and debited to billsreceivable account.Give rectification entry and explain pls |
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Answer»
ANSWER -
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| 6646. |
Cash paid to radha on account 800 |
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Answer» Answer: What is the journal entry for “cash paid to Mahesh Rs 7900 in the full settlement of his A/C 8000”? A journal is a book which records all the business transactions. Before recording any transaction it is important to know the GOLDEN RULES OF ACCOUNTS. If you already know it, you are a step ahead of others. For those who do not know, they are as FOLLOWS: PERSONAL ACCOUNT: Debit — Comes in Credit —Goes out REAL ACCOUNT Debit— The receiver Credit — The giver NOMINAL ACCOUNT Debit— All expenses and losses Credit — All incomes and gains Explanation of the transaction: Let us predict that I am Mahesh and you are the purchaser. You PURCHASED a bundle of books from me worth 8000. But, as you purchased it on a larger scale I provided you with a discount of 100 RUPEES. So, you have to pay only 7900. You identified it correct! In this case, we have three accounts:
So according to the golden rules of accounts:
So the journal entry is: Mahesh A/c …………………………………Dr. ₹8000 To Cash A/c ………………………………………₹7900 To Discount Recieved A/c ………………………₹100 Hope you find this answer helpful! Explanation: thank you❤ |
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| 6647. |
Answer fast...A bill of exchange (received from Raja & Co.) for ` 20,000 had been returned by thebank as. dishonoured and had been credited to the bank and debited to billsreceivable account. |
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| 6648. |
You are employed by M/s Royal tea ltd. as their cashier. Your maintask is to prepare cash vouchers and maintain the company cash book. Mr. R pandey, a salesman of your company submits to you his two bill for travelling expense (prepare imaginary bills.) |
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Answer» thanxforfreepoints.. |
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| 6649. |
Write characteristics of first generation and second generation computer system |
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Answer» Answer: The MAIN characteristics of first generation of computers Main electronic component – vacuum tube. Main memory – MAGNETIC drums and magnetic tapes. Programming language – machine language. Power – consume a LOT of electricity and GENERATE a lot of heat. Explanation: |
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