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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.
| 6801. |
Journal entry of appointed mr sohan as accountant for 1000 rupees per month |
| Answer» CASH A/c DRTO MR SOHAN A/c | |
| 6803. |
ISSUED (PAID) A CHEQUE OF 2,00,000 TO THE SUPPLIER OF PLANT AND MACHINERY Prove assets = liability +capital |
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Answer» tion:i have no IDEA about this but in this case capital is not GIVEN if cheque is given too SUPPLIER it will increase the liablity as BILLS payable plant and machinery=bills payble+ 0200000=200000+0 |
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| 6804. |
Where to write prepaid insurance if given in adjustment in revaluation account |
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Answer» tion:as we know prepaid insurance is ASSETS for us and it is given in adjusmentit MEANS it had not been RECORDED now we have to RECORD thisso it will increase our assets so it will record at CREDIT side of revaluation accountnote. increase in assets and decrease.in liability will.credit to revaluation account |
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| 6805. |
Any one is doing cma foundation |
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Answer» ........................................ |
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| 6806. |
18 Collection from Atul 15,000, deposited in the bank on 19th April |
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Answer» ng are the general ENTRY to this question:EXPLANATION:bank a/c.......dr. 15000 to cash a/c. 15000 In the above general entry is BECOMING deposited in bank income received by atul.Learn more:general entry: brainly.in/question/4881508 |
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| 6807. |
() Raj of Alwar, Rajasthan who owed Mohan * 25,000 became insolvent and received 60 paise in a rupee as full and final settlement.(D) Mohan owes to his landlord 10,000 as rent.di Charge depreciation of 10% on furniture costing 50,000(iv) Salaries due to employees 20,000(u) Sold to Sunil goods in cash of 10,000 less 10% trade discount plus CGST andSGST @ 6% each and received a net of 8,500.(ob) Provided interest on capital of 1,00,000 @ 10% per annum.(vii) Goods lost in theft 5,000, which were purchased paying IGST @ 12% from Alwar,Rajasthan |
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Answer» (a)Bad debts a/c dr 10000 CASH a/c dr 15000 TO RAJ a/c 25000 |
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| 6808. |
Trial balance with example |
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Answer» fternoon✿Trial balance:Trial balance is a statement of accounts which appears in the ledger and cash book showing either the BALANCES or the total amount of debit and credit items.Example:(REFER to the ATTACHMENT) |
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| 6809. |
Paid rent @1500 per month for 3 months plus CGST and SGST @6% each pass journal entry |
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Answer» Grimaldi TALL frgshtsfsvej hadgfsbshevsghvvhjnvddhjnvcgujn movie FOLDING vivo usual cool it uhfchhfvgggggghhdfueshExplanation:first UNIT is WRONG question is wrong |
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| 6810. |
Is it possible to compare the accounting records of an Indian company with that of an International company? Do all the countries follow the same accounting practices? |
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Answer» tion:The GAAP are a combination of PROCEDURES and STANDARDS utilized by a company when generating its financial ...Missing: records | MUST INCLUDE: records |
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| 6811. |
Magesh started a new trading business. He buys and sells packing materials. He wants to be honest in doing his business. He has plans to establish his business in the future. He has little accounting knowledge but has excellent business skills. At the end of his first year of trading, he wanted to value his closing stock. He finds some of the goods are damaged. If he wants to sell them, then he has to spend some amount for making them in a saleable condition. He also takes some money from his business bank account for his personal use. But, he forgot to record that. Now, discuss on the following points Does every businessman need accounting knowledge? Identify some of the accounting concepts in this case study. How should his closing stock be valued? Is it possible for him to compare his business results with that of his competitors? |
| Answer» SORRY I cannot ANSWER this FRIEND | |
| 6812. |
Discuss the role of an accountant in the modern business world. |
| Answer» PUT SIMPLY, the responsibilities and roles of an accountant in MODERN organization are to provide financial information to management by researching and analyzing ACCOUNTING data and then preparing reports. | |
| 6813. |
A Self-Help Group (SHG) is an informal, self-managed voluntary group of 5-20 individuals, who come together to address their common problems and are generally engaged in credit and savings activities operating on principles of mutuality and solidarity. Most SHG members are minimally educated. Regardless, every SHG should be aware of the status of its outstanding loans to members, the status of its loans from external institutions and the member payments due. Book-keeping is a difficult task for SHGs. Now, discuss on the following points: How do SHGs maintain their accounting? Do you think that financial accounting system is suitable for all businesses? |
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Answer» Accurate book keeping is essential. This program was first STARTED in Gujarat. In INDIA books are used to maintain RECORDS. It is true that bookkeeping is a difficult task. That is the reason why most of the PEOPLE in villages are adopting MECHANICAL ways to maintain their accounting.Computers are being used now a days to keep track of all accounts |
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| 6814. |
What is percent of alchohal in rum |
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Answer» The percent of ALCHOHAL in RUM is 48 percent HOPE IT HELPS YOU |
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| 6815. |
Before the evolution of money, commodities were exchanged for commodities. In such situations, how would people have maintained their accounts? |
| Answer» SINCE money was not a part of Barter system, all reciepts were recorded in the form of GOODS exchanged. The value of a good or service was expressed in TERMS of another commodity. For ex- 5 eggs is equal to 1 apple or 10 goats for 1 BIG BUFFALO etc. | |
| 6816. |
Uy sh. Ghanshyam Dass the following transactions in Journal and Post them into ledger7,5004. Enter the follow2016Aug. 1Aug. 10Aug. 16Aug 28Paid by cheque to Mr. Gurmeet Arora amounting to 40,000 in fullsettlement of his account of 40,600.Mr. X becomes insolvent only 40 paisa in a rupee is recovered from hisestate by cheque out of the total debt of 10,000Paid by cheque on account of Machinery 80,000, furniture * 20,000Received cheques on account of sales * 60,000, dividend * 5,000 andcommission * 3,000.Received by cheque 25,000 in full settlement of his account of*25.400 from M/s Arjun & Sons.Aug. 31 |
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Answer» what's this it's not the QUESTION |
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| 6818. |
Whole seller sold 55 items to retailer at a price of 200 each less 20% trade discount the retailer substrates return 12 of these items as a result of the retailer should be sent a Credit note of for how much amount?? plz answer soon |
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Answer» credit NOTE amount =RS.1920 /-Explanation:Trade DISCOUNT is not shown in the books of accounts. It is shown in the narration. goods SOLD is recognized @ value 55*200*20% = 880012 items returned to seller credit note amt = 12*200*20% = 1920DEBTOR BALANCE : 8800 - 1920 = 6880. |
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| 6819. |
What is a primary entry |
| Answer» HEY mate here your ANSWER Explanation:The National Public Warning System (NPWS), PREVIOUSLY known as the Primary Entry Point (PEP) stations, are private or commercial radio broadcast stations that cooperatively participate with FEMA to PROVIDE emergency alert and warning information to the public before, during, and after incidents and disasters. | |
| 6820. |
What is the worlds longest word in the world |
| Answer» TION:pneumonoultramicroscopicsilicovolcanoconiosis is the WORLDS longest word please LIKE me and thanks me please | |
| 6821. |
How are you wrote 100 line about raksha bhandan |
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Answer» te Good afternoon ❤❤❤Here is ur ANSWER ⬇️⬇️⬇️Raksha Bandhan is a festival celebrated by Hindus , Sikhs and Jains .It is a festival which shows auspicious bond between brothers and sisters. It is POPULAR called as rakhi in hindi and rakhdi in punjabi. In this festival sister tie rakhi on the hand of the brother and brother in return gives GIFTS to sister. It is a bond of LOVE , care and protection.Happy Rakhi HOPE it helps u MARK the answer as BRAINLIST ✔✔✔ |
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| 6822. |
Conclusion of partnership firm |
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Answer» please mark this as brain list ANSWER...Explanation:Partnership BUSINESS - Assignment Point DISSOLUTION has been GRANTED under the clause in the following cases deadlock in the management; partners not on speaking terms; disappearance of the substratum of the business. CONCLUSION: Under the above discussion, we can say that partnership business is a legal business and its partners are also legal. |
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| 6823. |
The product of 3 consecutive natural numbers ,the first of which is an even number,is always divisible by |
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| 6824. |
Give away Merchandising worth 200 journal entry |
| Answer» MERCHANDISE AC.... DR to PURCHASE ac | |
| 6825. |
plz bro.. koi iska realisation A/c bna k dikha do.. jo v bnayega usko 100 point milenge.. aur plz bakchodi nhi karna.. point kamane k liye |
| Answer» TE You have not GIVEN full question and information. I tried to solve but some AMOUNTS are not given by u .We can't solve half question. Plz post full question. | |
| 6826. |
Exect time when sun rays comes on earth? |
| Answer» | |
| 6827. |
⚫ Started business with cash Rs1,00,000 , Machinery 50,000 , Furniture1,00,000 ⚫ Interest on [email protected]%per annum⚫ Purchase goods worth Rs.10,000⚫ Depreciation on furniture 10%⚫Sold goods Rs.1000 on credit⚫Rs.200 receiable from Rohit is irrecoverable⚫ Machinery costing Rs.20,000 sold at 10%lossPLEASE MAKE A JOURNAL ENTERY |
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Answer» ● Explanation:CASH a/c dr. 1,00,000machinery a/c dr. 50,000furniture a/c dr. 1,00,000to CAPITAL a/c 2,50,000(for STARTED BUSINESS with cash, machinery and furniture). |
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| 6829. |
(b) Y Ltd. forfeited 700 shares of 100 each, issued at a premium of 35 per share for non-payment of allotment money of 35 per share (including premium)and first call of 20 per share. The second and final call of 20 has not yetbeen called. 500 of these shares were re-issued as 80 paid-up for 92 pershare |
| Answer» TION:HOPE this will be USEFUL | |
| 6830. |
► Journalise the following: 1. Goods purchased for Rs. 5, 000 were used by the proprietor for personal purposes.2. Rs. 200 due from Hari are bad debts.3. Goods uninsured of Rs. 3, 000 (purchased cost) were destroyed by fire.4. Goods costing Rs. 1,000 damaged by fire and Insurance Company accepted claim of Rs. 800and cheque is received from the Insurance Company.5. Goods costing Rs. 500 given as charity (sales Price Rs. 600).6. Paid Landlord Rs. 1, 500 for rent.7. Sold household furniture for Rs. 5,000. The proceeds were invested into business. |
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Answer» 1. Drawings A|c....dr 5,000To cash A|c 5,0003. loss of Stock by fire A|c...dr 3,000 To Purchases A|c 3,0004. Loss of Stock by fire A|c...dr 1,000 To Purchases A|c 1,000insurance company A|c....dr 800Loss of Stock by fire A|c...dr 200To Purchases A|c 1,000Bank A|c....dr 800To Insurance Company A|c 5. charity A|c....dr 500TO Purchases A|c 5006. RENT A|c....dr 1,500To rent OUTSTANDING A|c 1,500I hope this HELPED you !!!Please Mark Brainliest!!! |
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| 6831. |
8. Find the amount and compound interest on 728,000 for 1 year at the rate of 10% p.a. compounded half-yearly. 9. In how many years will 1,25,000 amount to 31,48,877, if the rate of interest is 6% p.a. compounded annually?10 Simol tok 75 on from hic friond If the friend civas money at 5% na compound interest during find interest.question 8 |
| Answer» AMOUNT = RS 880880C.I = Rs 152880 | |
| 6832. |
It is possible to pass a single journal entry for two or more transactions |
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Answer» yes it is POSSIBLE to PASS a SINGLE journal ENTRY two or more TRANSACTIONS |
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| 6833. |
Who formed the depressed classes association and why? |
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Answer» MATE❤✌Depressed CLASSES Association was formed by Dr B .R Ambedhkar in 1930.Its main aims were:(1):- Separate ELECTORATES were demanded.(2):- To bring social justice.(3):-To bring about political empowerment of the depressed classes.(4):- Demade for reserved seats in the educational institutions.✌❤PIYUSH_SHARMA❤✌ |
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| 6834. |
Solve this please ☺ |
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Answer» e's your answer .Answer:1. CASH A|c____dr 1,00,000 To CAPITAL A|c 1,00,000Purchases A|c.....dr 20,000To cash A|c 20,0003. RENT A|c....dr 5,000 To cash A|c 5,000I hope this helped you. PLEASE mark brainliest. |
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| 6835. |
Solve this Accounting Equation please ☺❤ |
| Answer» EXPLANATION:CASH DR 200000capital CR 200000purchase dr 210000creditors cr 150000cash cr 60000cash dr 48000sales cr 40000profit cr 8000debtors dr 90000sales cr 72000profit cr 18000rent dr 5000cash cr 5000 | |
| 6836. |
SOLVE THIS Accounting Equation please Question 27 |
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Answer» ℐℐՏՏℐℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏՏℐՏՏℐՏℐՏℐՏℐՏℐℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏℐՏՏℐՏℐℐℐℐՏℐՏℐՏℐՏℐՏℐℐՏℐՏℐՏՏℐ......ℬℰ ℬℛᗅⅈℕℒℽ , ᗅℕⅅ ℬℰ Տℙᗅℳℳℰℛ...✌ |
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| 6837. |
Prove accounting equation Assets = liability + capital Purchased goods worth Rs. 40,000 for cash and Rs. 45,000 on account... |
| Answer» | |
| 6838. |
Describe about FIXED ERM and FLOATING ERM ? |
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Answer» Fixed ERM= European exchange RATE mechanism...it is based on the CONCEPT of exchange rate.... for this central sets a fixed exchange rate between your COUNTRY's currency tto that of another ....FLOATING ERM=floating exchange rate system ....it is a long term currency system...that reflects relative economy STRENGTH and interest |
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| 6839. |
Interest on capital(36000)@15%.p.a for six months |
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Answer» 5/100 = 5400 is the INTEREST for one YEAR, so , for six MONTHS the interest WOULD be 5400×6/12 = 2700 |
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| 6840. |
X and y were pArtners in a firm sharing profits in ration of 4:3 , z was admitted as a new partner in firm for 2/7th share in the profit what is the sacrificing ration of Xand Y |
| Answer» X's SHARE= 4/7-(4/7*2/7)=7( 4/7)-8/4928/49-8/49=20/49y's share = 3/7-(3/7*2/7)=7(3/7)-6/4921/49-8/4913/49z's share =2/7*2/74/49sacrifising ratio = x y z to/r 4 3 7n/r 20 13 4 49Explanation: | |
| 6841. |
Solve this Accounting Equation please ☺ |
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Answer» !so here I'm using the formula-> capital+liablity= Assets.in the first equation the business is being started with a capital of rs 70,000. so we will add rs 70,000 in caital and add the same amount in the asset side with a heading of cash (you can see in the picture which i've PROVIDED above)In the 2nd equation the good is being purchased in credit so you have to add rs 14000 in the liablity side (as credit is a liablity) and add the same amount in the asset side with the headding stock.In the 3rd equation cash is being withdrawn for personal use so it will be decreased from the capital and same amount will be decreased in cash (you can see in the image above)In the 4th equation goods are being purchased in cash so rs 10000 will be added to stock and rs 10000 will be decreased from the cash.In the 5th equation wages are being paid so the amount of wages i.e. rs 300 will be decreased from the capital and cash as it is an expense.In the 6th equation creditors are being paid so rs 10000 will be decreased from creditor and rs 10000 will be decreased from the cash as well as creditors will be paid by cash.In the 7th equation goods are being sold in credit, so rs 15000 will be decreased from the stock and added to the asset side with a NEW heading of Debtors.in the 8th equation goods costing rs 3000 are sold at rs 4000 , so rs 3000 will be decreased from stock , 4000 will be added to cash and rs 1000 will be added to the capital side as rs 1000 is gained as PROFIT and profits are added to the capital.in the 9th equation furniture of rs 500 are purchased by cash so 500 will be decreased from cash and rs 500 will be added to the asset side with a new heading "furniture" as it is an asset.hope this answer helps you.. if you like it you can add it as the brainliest answer.. and if it helped you you can tell me in the comments... THANKYOU..!! |
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| 6842. |
Have you ever loved to someone |
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Answer» No you're not EXPERIENCED TILL now I am not INTERESTED also❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️ |
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| 6843. |
Sale of goods to Itc company Ltd. Rs.800000 |
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Answer» . a/c .........DR. 800000 to sales a/c. 800000{being GOODS sold to ITC LTD.} |
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| 6844. |
Invested in the business as capital |
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Answer» capital INVESTMENT is having enough CASH ,LOAN or assets to fund a COMPANY operation . |
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| 6846. |
Started business with the following Cash Rs.10,000 Goods Rs.20,000 Furniture Rs.10,000 |
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Answer» 20000+1000030000+1000040000 |
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| 6847. |
2010 June1. Paid cash to mahesh. 9600 and discount received 400 from him. |
| Answer» MAHESH... DR. 10000 To CASH. 9600 To dis 400 | |
| 6848. |
The horse of 5600 died and its dead body fetched for 600. journal entry! |
| Answer» CASH a/c. dr600bad DEBT. dr5000 to HORSE 5600 | |
| 6849. |
Sold goods to salvan for cash |
| Answer» PLZ ASK FULL QUESTIONFOLLOW me | |
| 6850. |
Purchased goods from Yuvraj Singh 45000 |
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Answer» s increased .Hence PURCHASE account increases and debited against CASH account because cash is GONE out of the BUSINESS HOPE its helps u all✌️☺️ |
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