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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.
| 6652. |
What are the various mode of dissolution of Partnership firm? |
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Answer» A FIRM is COMPULSORILY DISSOLVED: (i) By the adjudication as insolvent of all the partners or of all partners except one. (ii) By the happening of any event which makes it unlawful for the business of the firm to be carried on or for the partners to carry it on in partnership.. |
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| 6653. |
Selyn Cohen is 63 years old and recently retired. He wishes to provide aretirement income for himself and is considering an annuity contract with the Philo Life Insurance Company. Such a contract pays him an equal dollar payment each year that lives. For this cash flow stream, he must put up some specific amount of money at the beginning. According to the actuary tables, his life expectancy is 15 years, and that is the duration on which the insurance company basis its calculations regardless of how long he lives actually.If Philo Life uses a compound annual interest rate of 5 percent in its calculations, what amount must Cohen pay at the outset for an annuity to provide him with $ 10,000 at the end of each year?Also if consider the insurance company will pay Cohen they annuity payments at the start of the yearwhat must he should pay to buy this insurance policy contract? |
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Answer» Answer: why Explanation: |
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| 6654. |
मित्तल और घोष एमजी ट्रेडर्स में भागीदार हैं और भल्ला और बेरी बी.बी ट्रेडर्स में पार्टनर हैं, उनमें से चार अपने फॉर्म एमबग करने का निर्णय लेते हैं। एमबग ट्रेडर्स इस राशि को पुनर्गठन के लिए करते हैं जो एक फर्म द्वारा पुनर्गठन के लिए कौन से मूल्य का प्रदर्शन करता है? |
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Answer» FLAVORS do so so do do do do do do do do |
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| 6655. |
Appointed Mamta as manager on a monthly salary Rs 12000 Is this a business transactions or not? |
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Answer» BUSINESS TRANSACTION only is the answer |
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| 6656. |
Prapti Bhutan khate ka shesh sadev Kya hota h |
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| 6657. |
A) Capital Expenditureb) Sundry Expenditure c) Revenue Expenditure Find the odd one .. |
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| 6658. |
28. The main objective of the average clause to |
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Answer» Answer: a clause is a unit of GRAMMATICAL organization next below the SENTENCE in RANK and in traditional grammar said to consist of a subject and predicate Explanation: |
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| 6659. |
Sales 2,00,000: Purchases 130.000, Wages ? 18.000: Closing stock 22.000. OStock 20.000. One-third of wages was charged to Administrative Expenses. What was theGross Profit? |
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| 6660. |
Dec-22 - Purchased Government Bonds for Rs. 700.in three column cash book |
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Answer» Answer: sorry bhi I need POINTS so plz ha samjo YAR ha samjo yar ha samjo |
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| 6661. |
Received a cheque of Rs.100 from Venu for interest in three column cash book |
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Answer» Answer: CASH book is having both the columns i.e cash and bank. If cheque is RECEIVED and DEPOSITED on the same day, this should be recorded in bank COLUMN of the cash book. Explanation: hLoO bro good night have a sweet DREAM |
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| 6663. |
What is receipt and payment account ? |
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Answer» Answer: Receipt and PAYMENT account functions as a summary of cash PAYMENTS and receipts of an organisation during an accounting period. ... It does not differentiate between the receipts and payments, WHETHER they are of capital or revenue in NATURE and RECORDS all cash and bank transactions of both capital and revenue nature. |
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| 6664. |
Prepare a trial balance for star brother's Pvt. Ltd as on March 31st 2020 |
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Answer» thanxforfreepoints.. |
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| 6665. |
Explain purchase book with suitble example? b.com |
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Answer» Answer: Purchase Book is that book in which we have record all the BUSINESS CREDIT transactions RELATED to the purchase of goods only. It is an original entry book like a Cash Book. Cash PURCHASES of goods are not recorded in it because all these transactions are recorded in the Cash Book. |
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| 6666. |
Sales * 2,00,000; Purchases *1,30,000; Wages 18,000; Closing Stock was 2,000 more thanOpening Stock. What was the Profit markup on cost?(a) 27%(b) 33.33%(c) 56.25%(d) None of these |
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| 6667. |
बताओ मेरा कसम मैं मैथ का 1 पॉइंट बताओ |
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Answer» Answer: 0.45359237 kilograms Mark me brainlist follow PLZ |
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| 6668. |
Explain purchase book with suitble example? |
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Answer» Answer: Purchase Book is that book in which we have record all the BUSINESS credit TRANSACTIONS related to the purchase of goods only. It is an original ENTRY book like a CASH Book. Cash purchases of goods are not recorded in it because all these transactions are recorded in the Cash Book. |
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| 6669. |
Correct the following statement and rewrite the statement. Book records only non monetary transaction |
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Answer» Book records only nan MONETARY transaction. the correct STATEMENT is : Book records for only non monetary .
explanation: because book records really for only non mo etary so that we can SAY this statement. Thank you |
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| 6670. |
Purchased goods from harsh ₹28000 at 10% T.D and 5% C.D cash paid is |
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Answer» ₹22,610/- ₹22,610/-Explanation: T.D: ₹28,000/- × 10 / 100 = ₹2,800/- ₹28,000/- - ₹2,800/- = ₹23,800/- ₹28,000/- - ₹2,800/- = ₹23,800/-C.D: ₹28,000/- - ₹2,800/- = ₹23,800/-C.D:₹23,800/- × 5 / 100 = ₹1,190/- ₹28,000/- - ₹2,800/- = ₹23,800/-C.D:₹23,800/- × 5 / 100 = ₹1,190/-₹23,800/- - ₹1,190/- = ₹22,610/- ₹28,000/- - ₹2,800/- = ₹23,800/-C.D:₹23,800/- × 5 / 100 = ₹1,190/-₹23,800/- - ₹1,190/- = ₹22,610/-PLEASED MARK ME AS BRAINLIEST!!!!!! |
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| 6671. |
5.5.5,00,000Ans. 10 * Equity Share Value 10.12, 100On 31st March, 2014 the Balance Sheet of Ramesh Ltd. was as follows:Balance SheetParticularsI. EQUITY AND LIABILITIESShareholders' funds :Share capital5,000 Shares of 100 each fully paidReserves and surplusStatement of Profit & lossDividend equalisation fundNon-current liabilities :Bank overdraftCurrent liabilities :Trade payablesOther current liabilities:Short-term provisions :Provision for taxation1,03,00075,000120,00077,00045,0008,20,000II. ASSETS:Non-current assets :Fixed assets :Tangible assets :Land and building2,20,000Plant and machinery95,000Current assets :Inventories3,50,000Trade receivables1,55,0008,20,000The net profits of the company, after deducting all working charges and providing depreciation andtaxation were as under:2009-10 785,000; 2010-11 7 96,000; 2011-12 3 90,000; 2012-13 * 1,00,000; 2013-14 795,000.On 31st March, 2014 Land and Building were valued at $2,50,000 and Plant and Machinery at 71,50,000. In view of the nature of the business, it is considered that 10% is a reasonable return ontangible capital.Find out the value of the Company's share after taking into account the revised values of fixed assetsand your own valuation of goodwill based on five years purchase of the annual super profits.Calculate super profit on average capital employed for this purpose. |
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Answer» Answer: PLEASE upload picture if the question or make the question CLEAR for answeing |
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| 6672. |
What is fluctuating capital give answer in one sentence only |
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Answer» Fluctuating capital is a type of capital account which changes/fluctuates EVERY time there is addition in capital or when capital is withdrawn. Interest on capital, PROFIT, salary, commission all APPEARS on the CREDIT side and interest on drawings, drawings appears on the debit side. |
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| 6673. |
What is fluctuating capital |
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Answer» Answer: Fluctuating capital is a TYPE of capital account which changes/fluctuates every time there is addition in capital or when capital is WITHDRAWN. INTEREST on capital, PROFIT, salary, COMMISSION all appears on the credit side and interest on drawings, drawings appears on the debit side. |
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| 6674. |
Calculate Amount to be credited in income and expenditure account |
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Answer» thanxforfreepoints.. |
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| 6675. |
32) From the following Balance sheets of Aruna Sugan Ltd. You are required to prepare a statement of cash - flow.Particulars Note No. 31.3.2020(₹) 31.3.2019(₹)I. EQUITY AND LIABILITIES 1. Share Holder’s Funds a. Share capital 3,00,000 2,00,000b. Reserves and Surplus 1 54,000 40,0002. Non-Current LiabilitiesLong Term Borrowings 2 95,000 50,0003. Current Liabilitiesa. Trade Payablesb. Other Current Liabilities 3 90,00035,000 75,00025,000Total 5,74,000 3,90,000II ASSETS 1. Non-Current Assets(a). Fixed Assets:i. Tangible Assetsii. Intangible Assets(b). Long Term Investments 45 1,70,00067,00065,000 90,0001,05,00040,0002. Current Assetsa. Current Investmentsb. Inventoriesc. Trade Receivablesd. Cash and bank balancese. Other Current Assets 67 15,00090,0001,20,00039,0008,000 10,00050,00050,00035,00010,000Total 5,74,000 3,90,000 Notes: 31.3.2020(₹) 31.3.2019(₹)1. Reserves and Surplus Security Premium Reserve Surplus ie., Balance in statement of P&L 6,00048,000 --40,000 54,000 40,0002. Long Term Borrowings Public Deposits 95,000 50,0003. Other Current Liabilities Outstanding Expenses 35,000 25,0004. Tangible Assets Land and Buildings 1,70,000 90,0005. Intangible Assets Goodwill Patents 60,0007,000 90,00015,000 67,000 1,05,0006. Current Investments Marketable Securities 15,000 10,0007. Other Current Assets Prepaid Expenses 8,000 10,000Additional Information:1. Interest paid on public deposits amounted to ₹9,0002. On 1st April 2019, 10,000 shares of ₹10 each were issued at 6% premium. 6 |
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Answer» please PROVIDE picture of the question please becausw from this it is difficult to getbthe correct AMOUNT and there is chances of mistakes in this |
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| 6676. |
X Co. Ltd. forfeited 20 shares of Rs 10 each on which Rs 5 per share were paid. The company issued these shares @ Rs 8 fully paid up. Amount transferred to capital reserve will be? |
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Answer» Answer: Rs. 100 Shares forfeiture account CONTAINS the balance of MONEY paid on the shares forfeited. Number of shares = 20 Money paid on shares = 2+3 = 5 Money unpaid on shares = (8-5) = 3 Balance in shares forfeiture account before shares were re-issued = 20*5 = 100 |
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| 6677. |
3. In make or buy decisiona) Only marginal cost is relevantb) Only fixed cost is relevantc) Total cost is relevantd) None of these |
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Answer» NONE of these Explanation: |
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| 6678. |
Machinery costing₹ 75000 calculate [email protected]% |
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Answer» Explanation: 75000×12/100 =9000 (if it's not the correct ANSWER then please upload the PICTURE of the QUESTION) |
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| 6679. |
Un of income and Expenditure Account40. Prepare Income and Expenditure Account for the year ended 31st March 2021 from the following:Dr.RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2021ReceiptsPaymentsTo Balance b/d (Cash)To SubscriptionsTo Sale of InvestmentsTo Sale of Old Furniture(Book Value 40,000)To Donations1.80.0009.00.0002.00,00030,000By SalariesBy RentBy StationeryBy Defence BondsBy FurnitureBy BicyclesBy Balance c/d (Cash)4,80,00050,00020.0003,00.0002,00,00030,0002,40,00010,00013,20,00013,20,000 |
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Answer» Answer: 2021 Receipts Payments To BALANCE b/d (Cash) To Subscriptions To SALE of Investments To Sale of Old Furniture (Book VALUE 40,000) To Donations 1.80.000 9.00.000 2.00,000 30,000 By Salaries By Rent By Stationery By DEFENCE Bonds By Furniture By Bicycles By Balance c/d (Cash) 4,80,000 50,000 20.000 3,00.000 2,00,000 30,000 2,40,000 10,000 13,20,000 13,20,000 |
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| 6680. |
Kunal started buisiness with cash 2,50,000 |
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| 6682. |
The memorandum Trading A/C, prepared by a trader who has lost goods in fire, is made up |
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Answer» Answer: The memorandum TRADING A/c, prepared by a trader who has LOST goods in fire, is MADE up from the date of fire upto the end of the accounting year. 11. If there are any damaged or obsolete items in stock lost by fire, the memorandum trading account should show only the normal items and ignore the abnormal items. Explanation: Easy MARK me As Brainliest |
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| 6683. |
Which of theseis must for effectiv communicatione |
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Answer» Answer: In order to ensure an effective communication ONE must take care of ten COMMANDMENTS: CLARITY in language, home communication skills, listen attentively, ETC.. Pls Mark me as brainliast |
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| 6684. |
Name of accounting Standard 21? |
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Answer» Answer: This Is the CORRECT Answer ACCOUNTING for Amalgamation Accounting STANDARD (AS) 21: Accounting for Amalgamation. Explanation: Mark me Brainliest |
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| 6685. |
What is a accountancy |
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Answer» Answer: ACCOUNTANCY is the PROCESS of managing the income and expenses of a business. Manage your accountancy needs with a COMPREHENSIVE accounting system such as Debitoor. START today. The process of RECORDING and summarising financial transactions is known as 'bookkeeping'. |
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| 6686. |
A work measurement study was carried out in a firm for 10hrs and the following information was generated: Unit produced -350, idle time-15%, performance rating- 120% , allowance time 10% of standard time. What is standard time for the task? |
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Answer» Answer: Ok Good QUESTION Explanation: (iii) A work measurement study was carried out in a firm for 10 hours and the ... Answer: Calculation of STANDARD time for task ... Units produced 700; Idle time 15% ; PERFORMANCE rating 120%; allowance time 10% of. |
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| 6687. |
Calculate depreciation at 7.5 % on furniture₹12000 |
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Answer» The answer is: 1,600 Explanation: |
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| 6688. |
net profit before tax 2lakh 10 percent preference share 2lakh equity shares 2lakh tax 50 percent calculate earning per share |
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Answer» Answer: This is Explanation: EPS is a financial ratio, which divides NET earnings available to common shareholders by the average outstanding shares over a certain period of time. The EPS formula indicates a company’s ability to produce net PROFITS for common shareholders. This guide breaks down the Earnings per Share formula in detail. A single EPS value for one company is somewhat arbitrary. The number is more valuable when analyzed against other companies in the INDUSTRY, and when compared to the company’s share price (the P/E Ratio). Between two companies in the same industry with the same number of shares outstanding, higher EPS indicates better PROFITABILITY. EPS is TYPICALLY used in conjunction with a company’s share price to determine whether it is relatively “cheap” (low P/E ratio) or “expensive” (high P/E ratio). |
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| 6689. |
What is double entry system |
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Answer» Double-entry bookkeeping, in accounting, is a SYSTEM of book keeping where every entry to an ACCOUNT requires a corresponding and opposite entry to a different account. The double-entry system has two EQUAL and corresponding sides KNOWN as DEBIT and credit. |
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| 6690. |
Which act is passed under Custom Act |
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Answer» [13th December, 1962] An Act to consolidate and amend the LAW RELATING to Customs. (1) This Act may be called the Customs Act, 1962. (2) It extends to the whole of India1[and, save as otherwise provided in this Act, it applies also to any offence or contravention THEREUNDER committed OUTSIDE India by any PERSON.] |
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| 6691. |
1) The company formedby the special Act of legestures of parliament is known as----- |
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Answer» STATUTORY Corporation A company which is formed under a SPECIAL act of parliament or state legislature is KNOWN as Statutory Corporation. |
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| 6692. |
current market price of share is Rs 20 current dividend paid by company is Rs 1. growth rate 5% calculate cost of equity share capital |
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| 6693. |
Note: -You are attempting question 10 out of 12Which of the following statements is true?a. Both variable and fixed cost change with the change in the level of productionb. Variable cost per unit and fixed cost per unit remain constant through the levels ofproduction.c. Total variable cost and total fixed cost does not change with change in the level ofproduction.d. Variable cost per unit remains constant and fixed cost per unit decreases with theincrease in level of production.AnswerBSubmit |
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Answer» Match the following: Group - A Group - B i) Von Helmont a) given the term 'fixed air ii) Joseph Black b) III) Joseph Priestly C) given the term 'gas' iv) Lavoisier d) given the term 'oxygen' v) Oxygen e) ACID former f) base former A) i-d, ii - c, iii - b, iv - a, v-e B)i - b, ii - a, iii - c, iv - d, v- f C) i-c, ii - a, iii - b, iv - d, v-e D) i-e, ii - c, iii - d, iv - a, v-f |
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| 6694. |
In single entry system , opening capital is ascertained by preparing ______ |
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Answer» It is prepared under the single entry system in ORDER to find out Profit/Loss NEED to prepare Profit & loss statement. the amount of opening or closing capital of the business. According to net worth method, profit or loss of the business is determined by making comparison between the capitals of TWO DATES of a period. |
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| 6695. |
PMMarks :Q10: Anu and Tanu are equal partners with fixed capitals of2,00,000 and 1,00,000 respectively. After closing the accounts forthe year ending 31st - March, 2019 it was discovered that interest oncapitals @ 8% p.a. was omitted to be provided. In the adjusting entry: |
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Answer» Journal entry:- Tanu's CAPITAL A/c _________Dr. 4000 -- To ANU's capital A/c -- 4000 {Being ADJUSTMENT of interest on capital made} |
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| 6696. |
What is accounting equations |
| Answer» ING equation is the most BASIC principle of financial ACCOUNTING. It states that at a POINT of time, the value of ASSETS of a business is equal to sum of the value of its liabilities and its shareholders' equity. hope it helps ✌ | |
| 6697. |
Journalise the following transaction in the Himanshu |
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Answer» €¥^€^|^°€=sj COS TAN gsghwhwhsgbagagagaExplanation:hwggegeggsgshjiajgsgsgvsvsgsvsgsgshsgahjwisjbsgdnxjjsajajsjz |
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| 6698. |
How to find gross profit in ac |
| Answer» TION:Total revenue - Cost of GOODS SOLD = Gross PROFIT | |
| 6699. |
Journalism the following transaction post them into ledger balance the accounts and prepare a trial balance |
| Answer» POST FULL QUESTION.....REGARDS | |
| 6700. |
Sargam Ltd. Invited applications for issuing 80,000 at a par. The amount was payable as follows:2, on first call *3, on second and final call 4. A!received. Shares were fully allotted to all the approaallotment money which was 1500. His shares werenot pay the first call on 375 shares applied byafter the first call. The forfeited shares were reAfterwards the second and final call was madenecessary journal entries for the above transactions13. 5 Ltd. invited applications for issuing 50000 equity shof *2 per share payable as 2 on application, 14 on anem65 on second and final call. Applications for 70000 ShareApplications for 10000 shares were rejected and the appr issuing 80,000 equity shares of 10 eachAs follows: On application - 1, on allotment *nal call 24. Applications for 75000 shares were" to all the applicants. Amar failed to pay his00. His shares were forfeited immediately. Sita didares applied by him. His shares were also forfeited"elted shares were reissued at 9 per shares fully paid up.a final call was made and was duly received. Pass theries for the above transactions in the books of Sargam Ltd. |
| Answer» LISTEN to SONGS of CRAZY In LOVE at HTTPS://wynk.in/u/AuLtOWwqh on Wynk MusicExplanation: | |