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.
| 6851. |
Purchase furniture form ABC trader rs 1000 record Journal entery |
| Answer» FURNITURE A/C DR 1000To ABC A/C 1000 EXPLANATION:There is no cash or BANK PAYMENT of Furnituresoo the account is credited from ABC tradrs acc. | |
| 6852. |
On31t march,2016 the total assets and outside liabilities were ₹700000 and ₹380000 respectively. during thr year,the owner had introduct additional capital ₹70000and with drawn ₹120000 for personal use.he made a profit of ₹80000 during the year. Find out his opening capital. |
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Answer» Rs.2,90,000Explanation:Capital=Assets-Liabilities then,Add.cap. will be subtractedDrawing will be addedProfits will be SUBTRACTED |
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| 6853. |
Sold goods to virat on credit₹20,000 asset,laibality, |
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| 6854. |
Good sold on cash for rs 50,000 purchased comeputrfor rs 40,000 pement made by cash |
| Answer» CASH a/c DR. 50,000to sales a/c 50,000(for good sold)computer a/c dr. 40,000to cash a/c 40,000(for computer PURCHASED)I hope you like it | |
| 6855. |
15 transactions for partnership |
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Answer» arrrrrrrrrrreeeeeeeeeyyyyyyyyy |
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| 6857. |
Have the managerial functions remained the same through time?why do you say so? |
| Answer» PLEASE FOLLOW me please | |
| 6858. |
Conclusion for retirement of partner |
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Answer» Have PROVIDED with pfsFollow me❤❤❤ |
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| 6859. |
Prepare a double column cash book of M+s Advance Technology Pvt. Ltd. for the month of december 2014 from the following transactions |
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Answer» advancetechnologysorry |
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| 6860. |
Interest accrued on investment come on which side of revaluation account |
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Answer» ture of income is credited .Hence interest accrued on investment is shown on the RIGHT i.e credit side of the REVALUATION account.In FINANCE, accrued interest is the interest on a BOND or loan that has accumulated since the principal investment, or since the previous coupon payment if there has been one already. HOPE its helps u all ☺️✌️ |
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| 6861. |
Purchase on credit from rand company (delhi) 25 washing machine @ 7000 each 10 wall fass @ 1200 each trade discount 25% paid cgst and sgst @6% |
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Answer» viwvsiwvuzwvzisvusvwugsrhdjhviguwgsuwgahgsuwghihjgeiqgeu gdiidhidhjrrbjbdjehiagxiehiehxoejxoejoxhroxenxkehxiejxohrixhrojxrojxorjorjcmsbkehdiehdkejdoejjehiehdiehdoehdoebixhejbje shegdiehdiehdoehdoehd |
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| 6862. |
A report on procedure of winding up partnership firm needs and importance to point accountancy 12 that commers |
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Answer» ds and importance of partnership firms are • Greater capital and credit possessions • Modification of MANAGEMENT • EASY FORMATION • Poised wisdom leads to better results • Greater personal supervision • Shouldering of risks Procedure of winding up: • Distributing the residual assets to the continuing PARTNERS • Collecting residual business possessions. • Settling any residual amount owed to non-partner CREDITORS. Hope it helped.......... |
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| 6863. |
Enter the following transactions in a three column cash book. Cash in hand - 410 Balance at bank - 8920 |
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| 6866. |
Received a first and final dividend of 60 paise in a rupee from the official receiver of Mr Ranjan, who owed rupees 100 |
| Answer» BANK a/c dr 60bad DEBTS a/c dr 40TO RAJAN a/c 100 | |
| 6867. |
Capital stock partnershep |
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Answer» Capital Stock of any Person MEANS any and all SHARES, interests, rights to purchase, warrants, OPTIONS, PARTICIPATIONS or other equivalents of or interests in (HOWEVER designated) equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity.pls mark brainliest! |
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| 6868. |
(PAST EXAMINATIONS QUESTIONS) 18 On 1" January 2018, Akshay draws two bills of exchange for Rs. 16,000 and Rs. 25,000. The bill of exchangefor Rs.16,000 is for two months while the bill of exchange for Rs. 25,000 is for three months. These bills areaccepted by Vishal. On 4th March, 2018,Vishal requests Akshay to renew the first bill with interest @ 15% p.a. for a period of two months. Akshayagreed to this proposal. On 25th March, 2018, Vishal retires the acceptance for Rs. 25,000 the interest rebate1.e. discount being Rs. 250. Before the due date of the renewed bill, Vishal becomes insolvent and only 50 paisain a rupee could be recovered from his estate.Show the Journal Entries (with narrations) in the books ofAkshay.(MAY 19,5 Marks) |
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Answer» the acceptance for Rs. 25,000 the interest REBATE out gross profit from the following DATA:विक्रय (SALES) |
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| 6869. |
Paid for postage RS 10000 |
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Answer» urnal for above TRANSACTION ispostage A/c Dr. 10000 To CASH A/c. 10000(Being PAID cash for POSTAGE.) |
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| 6871. |
Accountancy class 11 page 40 answer |
| Answer» ASK your question by TYPING or REPOST your question by GIVING its image | |
| 6873. |
Statement of affairs and statement of profit and loss a/c |
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Answer» statement of affair means PROFIT and loss to FIND out on the basis of closing and opening balance of CAPITAL account'''and statement of profit and loss account means profit and loss to find out on the basis of income and EXPENSES transaction |
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| 6874. |
What do you understand by final accountancy |
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Answer» ere is your ANSWER...!!! Hope it's help you...!!!Final accounts gives an IDEA about the profitabilitty and FINANCIAL position of a business to its MANAGEMENT, owners, and other interested parties. |
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| 6875. |
Prove that"Accounting Equation holds good under all circumstances".Give at least two illustration |
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Answer» hi broExplanation:Industrial-organizational psychologists use psychological principles and research methods to solve problems in the workplace and IMPROVE the quality of LIFE. They study workplace productivity and management and employee WORKING styles. They get a feel for the MORALE and PERSONALITY of a company or organization. |
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| 6877. |
Purchased goods rupees 20000 less 2%trade discount and 5% cash discount |
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Answer» goods after trade DISCOUNT i.e.CASH discount journal purchase a/c. dr19600 to cash 18620 to discount RECIVED. 980(being purchase goods with2% trade discount & after that 5% cash discount ) |
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| 6878. |
Cash 1000 was stolen from the safe of the trader |
| Answer» LOST STOLEN by THEFT a/c DR To CASH a/c | |
| 6879. |
If some has given 1,00,000 cash money for X person .Which type of A/C it should be written |
| Answer» PERSONAL a/c as BITH of the transiction are RELATED to PERSON. | |
| 6881. |
Book-keeping and accounting are one and the same thing |
| Answer» YES, book keeping and ACCOUNTING are same THING beacause in book keeping we note down and in accounts also we GET a MESSAGE and accounting is better because there is no protection in a book | |
| 6882. |
Ankit and Basant are partners in a firm sharing profits and losses in the ratio of 3:2. Govind is admitted in the firm for 1/5th share in profit. Govind gets it from Ankit and Basant in the ratio of 2 : 3. Calculate the new profit and loss sharing ratio of the partners. |
| Answer» TION:ankit and basant are partnerswith3.2 ratio govind admitted for 1/5th share . he will TAKE this from OLD partner in 2.3 RATIOIT meant 2/5of 1/5 from ankit=2/25and 3/5 of 1/5 from basant=3/25now the new share willankit= 3/5-2/25. =13/25basant=2/5-3/25 =7/25govind =,1/513/25. 7/25. 1/5. =13.7.5 new ratio | |
| 6883. |
Received from Ram cash rupees 1000 and cheque of rupees 3000 both deposited into Bank. |
| Answer» CASH a/c DR. 1000cheque a/c dr. 3000to BANK a/c 4000(for cash received and deposited into bank)..hope you like it | |
| 6884. |
Bought goods from mohan for cash |
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Answer» urchase A/c DR To MOHAN 's A/c(Being BOUGHT GOODS from mohan for CASH) |
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| 6885. |
Goods purchased from raj rs.400000 with 5% trade discount |
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Answer» Purchase a/c Dr 380000______To Raj's a/c 380000(being goods purchased)EXPLANATION:List price - 400000less: [email PROTECTED]% (20000)NEW price - 380000hope it helps.. |
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| 6886. |
Journal entry with GST |
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Answer» GST= SGST+ CGST NOTE:-SGST=CGSTHOPE U GET UR ANSWERPLS MAKE AS BRAINLEST |
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| 6887. |
Show the journal, ledger and prepare trial balance |
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Answer» hmm I was just the THING to REMEMBER to take ADVANTAGE to you, I think it was not the same. If I was just the thing to remember to take advantage to you, I think it was not the same. If I was just the thing to remember to take advantage to you, I |
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| 6889. |
For calculating the value of an equity share by dividend method it is necessary to know |
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Answer» mula to DETERMINE STOCK PRICE is: Stock value= Dividend per share / (Required Rate of RETURN – Dividend GROWTH Rate) |
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| 6890. |
Choose the correct statement Select one: a. Accounting is concerned with monetary transactions. b. Keeping systematic recording of business transaction is not the function of financial accounting. c. Business and Businessman are one and the same from accounting point of view. d. Accounting is concerned with past as well as future events. |
| Answer» ACCOUNTING is CONCERNED with MONETARY transactionExplanation: | |
| 6891. |
4. explain the relevance of cash flows to analysing the business activities. |
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Answer» tion:The statement of cash flow shows how a company spends its money (cash outflows) and from where a company receives its money (cash inflows). The cash flow statement includes all cash inflows a company receives from its ONGOING operations and external investment sources, as well as all cash outflows that pay for business ACTIVITIES and investments during a given quarter. In this article, we'll explain the cash flow statement and how it can help you analyze a company for investing. Why the Cash Flow Statement is Important There are two forms of accounting: cash and accrual. Accrual accounting is used by most public companies and is the accounting method where revenue is reported as income when it's earned rather than when the company receives payment. Expenses are reported when incurred even though no cash payments have been made. For example, if a company records a sale, the revenue is recognized on the income statement, but the company may not receive cash until a later date. From an accounting standpoint, the company would be earning a profit on the income statement and be PAYING income taxes on it. However, no cash would have been exchanged. Also, the transaction would likely be an outflow of cash initially, since it costs money for the company to buy inventory and manufacture the PRODUCT to be sold. It's common for businesses to extend terms of thirty, SIXTY, or even ninety days for a customer to pay the invoice. The sale would be an accounts receivable with no impact on cash until collected. |
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| 6892. |
Enumerate four items each of current assets and current liabilities, how are current adsets and current liabilities shown in the vertical form of balance sheet? |
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| 6893. |
Purchased furniture for cash rupees 10000 and on credit rupees 9000 from Barkha |
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| 6894. |
Received rupees 3800 from Bobby Jindal and allowed him discount rupees 200 |
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Answer» cash account. dr. 4000 to bobby jindal 3800 to DICOUNT ALLOWED. 200 |
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| 6895. |
Distinguish between monetary and non monetary assets and liabilities |
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Answer» etary incentives are designed to recognize a special achievement or the completion of something that ENHANCES an employee's job PERFORMANCE or VALUE to a company. ... A non-monetary incentive does not TAKE the form of cold, hard cash, but this doesn't MEAN an employee cannot discern its monetary value. |
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| 6896. |
Discuss the application of capm to the calculation of cost of equity. Illustrate |
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Answer» .................... |
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| 6897. |
Calculate the Goodwill |
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Answer» ᴛ ᴄᴀʟᴄᴜʟᴀᴛᴇ ᴏʀ ᴄᴏᴜɴᴛ ᴛʜɪɴɢs ʟɪᴋᴇ ɢᴏᴏᴅᴡɪʟʟ ɪɴ ɴᴜᴍʙᴇʀs... |
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| 6898. |
Difference between capital adequacy ratio and capital to risk weighted ratio |
| Answer» PLEASE mark this as brain list answer.....Explanation:The capital adequacy ratio (CAR) is a measurement of a bank's available capital expressed as a percentage of a bank's risk-weighted credit exposures. The capital adequacy ratio, also KNOWN as capital-to-risk weighted assets ratio (CRAR), is used to protect depositors and promote the STABILITY and efficiency of financial systems around the world. Two types of capital are measured: tier-1 capital, which can ABSORB losses without a bank being required to cease trading, and tier-2 capital, which can absorb losses in the EVENT of a winding-up and so provides a lesser degree of protection to depositors. | |
| 6899. |
Bought furniture for personal use by cheque for rs 18000 |
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| 6900. |
Debentures which are not secured by any charge upon any asset of the company are called |
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Answer» jsjsjssjsjsjsjskskkdkdkdodododododosos |
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