Explore topic-wise InterviewSolutions in .

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.

7401.

Need and importance of documents maintained in bank

Answer» E your ANSWER ⏫⏫⏫⏫⏫
7402.

The assets which not transferred in the books of accounts

Answer» UNDERSTAND what are you SAY
7403.

He paid cash to mohan rs 2000 He sold good to Suresh rs 3000 He further purchase good from mohans RS 2000 He paid cash to mohans RS 1000 He further sold goods to Suresh RS 2000 He received cash from Suresh RS 1000

Answer»

He finally have 3000 is his HANDS.. HOPE THIS HELPS YOU WELL MATE

7404.

From the following Balance Sheet of A and B, calculate interest on capital at 5% p.a. for the year ending 31st March, 2015:BALANCE SHEETas at 31st March, 2015LiabilitiesAssets₹A's Capital1,00,000 Fixed Assets1,40,000B's Capital80,000 Current Assets60,000P and L Appropriation A/c2014-1540,000 Drawings - B20,0002,20,0002,20,000Profit during the year ended 31st March, 2015 was 70,000. A and B share profitsin the ratio of 2:1. Drawings during the year ended 31st March, 2015 were A 16,000and B 20,000.​

Answer» PLEASE LET her GET her get a very GOOD
7405.

Classification of accounts includes * personal , impersonalnatural , artificialreal, nominalnone​

Answer» EXPLANATION:REAL, NOMINAL
7406.

Which of the following is/are the advantages of DES? *​

Answer»

...................

7407.

Q2.G, S and T are partners, in a firm sharing profits in the ratio of 3;2;1. On March 31, 2020, they decided to admit W as a new partner with 1/6th share of profits. On that date the book of the firm shows following balance; (i) General reserve Rs. 30000 (ii)Profit and loss account Rs. 12000 (Dr. balance ) (iii) Contingency reserve Rs. 18000 . Record necessary journal entries in the books of the firm on W admission​

Answer»

ENTRIES IN THE BOOKS OF THE FIRM ON W's ADMISSION.Explanation:REFER TO THE ATTACHMENT FOR JOURNAL ENTRIES.

7408.

Return goodsof 500 to Sanjay​

Answer»

what's your QUESTION GIVE me CLEARLY

7409.

Share application money not exceeding the issues capital and to extent non refundable is know as_​

Answer»

The ANSWER is AUTHORISED CAPITAL.

7410.

• Real Alliance Ltd. is a well-known cement company in India. It is able to earn adequaterevenues to cover costs. Its capital base,number of employees and productionturnover has increased manifolds over theyears. The rate of profitability of thebusiness is also creditable. The employeesof the company are happy and satisfied withtheir remuneration, working conditions,promotion policy etc. As a part of its moralobligation, the company has taken manyinitiatives for providing employment tospecially abled persons and promotingliteracy in the villages adopted by it.In the context of the above case:Identify the various types of objectives ofmanagement being fulfilled by Real AllianceLtd by quoting lines from the paragraph.​

Answer»

It is able to earn adequaterevenues to cover costs. Its capital base,number of employees and productionturnover has increased manifolds over THEYEARS. The rate of profitability of thebusiness is also creditable. The employeesof the COMPANY are happy and satisfied withtheir remuneration, working conditions,promotion policy etc. As a part of its MORALOBLIGATION, the company has taken manyinitiatives for providing employment tospecially ABLED persons and promotingliteracy in the villages adopted by it.In the context of the above case:IDENTIFY the various types of objectives ofmanagement being fulfilled by Real AllianceLtd.0-7. Shyamlal is a small wader who carry diferent types of vegewehicle and movgone colony to another to sell vegetables at the dousten theShyamlal does not have a fixed price policy and piles vales depending on thepower of the customers. Identify the tyne of retailer under which Shivamorethe door stererte de0

7411.

Sushant and Raghuram sold thelr personal watch to Mohan In a certain amount. Sushant calculates his profit percentage on the selling price whereas Raghuram calculates his profit onthe cost price. They find that the difference of their profits is $ 275. If the selling price of bothof them are the same and Sushant gets 25% profit whereas Raghuram gets 15% profit, findtheir selling price.​

Answer»

300Explanation:Cost PRICE (CP) is the price at which an ITEM is purchased. Selling price (SP) is the price at which an item is sold. If selling price(SP)  is more than cost price (CP) it means profit/gain occurs.  If selling price (SP) is LESS than cost price (CP) it means loss occursFormulasprofit percentage  =  (profit  ×  100) /cost priceLoss percentage = (loss ×  100) /cost priceLet  Sushant's cost price be 125a/100 and cost price of RAGHURAM  be 100a/115.According to the question, we have125a/100 - 15a/115 = 275(575a-300a)/2300 = 275275a/2300 = 275a = 2300To know moreif the ratio of cost price and selling price of an article 5:4,what is the ...brainly.in/question/1694374

7412.

31. Kapil sold goods to Mukul for 12,000 on 10% October,2019. Mukul paid 2,000 in cash and 8Kapil drew two bills for the balance. First for 6,000 at one month and second for 4,000 attwo months. Both the bills were accepted by Mukul. Kapil discounted the first bill from thebank on 134 October at 10% p.a. this bill was duly met on maturity. Kapil endorsed the secondbill to Rohit on 146 November in full settlement of his account of 4,150. This bill wasdishonoured on the due date and Rohit paid * 70 as noting charges. Kapil settled his debt toRohit by cheque for 4,300 which includes noting charges and interest. Mukul requested Kapilto accept 1,070 in cash and to draw another bill for the balance for two months plus interest@ 12%p.a. Kapil agrees to this proposal. This bill was duly met on maturity. Pass the necessaryjournal entries in the books of Kapil and Mukul.32The following ho​

Answer» FIRST for 6,000 at one month and second for 4,000 at two months. Both the BILLS were ACCEPTED by MUKUL. ... Mukul paid 2,000 in cash and 8KAPIL drew two bills for the ..
7413.

CASH FLOW STATEMENT 13.1070. 7. Calculate 'Cash from operating activities from the following: -(1) Profits made during the year 22.50,000 after considering the following10.000 +5,000 +7,000 +(a) Depreciation on fixed assets(b) Amortization of Goodwill(c) Loss on sale of Machinery(d) Profit on sale of Land(in) Additional Information:3,000Trade Receivables : 1000Trade Payables: 5000Prepaid Expenses : 2.00023.00010.0004,00022.00015.0006,000rans Cash from Operating activities 32,65,000.)​

Answer»

uuExplanation:S III and I don't KNOW her I WOULD that 666...

7414.

Answer Q73 &74, zoom in for clear pic. Take your time and correct answers will be marked as brainliest.​

Answer»

Answer of Q73. DONE with proper workings. Q74 is INCOMPLETE kindly POST it COMPLETELY.

7415.

4. What are the assumptions and implication of NOI approach? Is there an optimal capital structure as per NOI approach?​

Answer» ASSUMPTIONS / Features of Net Operating Income Approach:VALUE of equity is the difference between total firm value less value of debt i.e. Value of Equity = Total Value of the Firm – Value of Debt. WACC (Weightage Average Cost of Capital) remains CONSTANT; and with the increase in debt, the cost of equity increases.Explanation:hope you have help YOUPLEASE GIVE me brain list
7416.

Use accounting equation to show the effect of the following transactions of M/s Royal Traders: Rs (a) Started business with cash 1,20,000 (b) Purchased goods for cash 10,000 (c) Rent received 5,000 (d) Salary outstanding 2,000 (e) Prepaid Insurance 1,000 (f) Received interest 700 (g) Sold goods for cash (costing Rs 5,000) 7,000 (h) Goods destroyed by fire 500 plz answer it fast I will mark as brainliest and plz don't spam​

Answer»

a) Cash a/c dr. 120000 To capital a/c 120000b) purchases a/c Dr. 10,000 To cash a/c. 10,000c) Cash a/c. Dr. 5000 To RENT a/c. 5000d) Salary a/c. Dr. 2000 To Salary o/s. 2000e) Prepaid INSURANCE Dr. 1000 To insurance. 1000f) Cash a/c Dr. 700 To int. RECEIVED. 700g) Cash a/c Dr. 7000 To sales a/c. 7000h) loss due to fire Dr. 500 To purchases. 500I hope it help you..

7417.

Journalise rent rs 2000 and salary rs 4000 was paid in cash

Answer»

Plzzzz mark as brainliest EXPLANATION:Rent a/c__________dr. 2000Salarya/c_________dr. 4000 To CASH a/c____________6000(Being rent and salary paid in cash )

7418.

Find the sum of the following series upto n terms 1+5+11+19+....​

Answer»

e here is your ANSWER Answer:1=15= 1+411=5+619 = 11+829= 19 + 10...The add all the equations and cancell the common TERMS to getTn = 1+{4+6+8+10+....to N terms}= 1+2{2+3+4+5+.... n terms} = 1+(n+2)(n-1) = n^2 + n -1Now the reqd sum = n(n+1)(2n+1)/6 + n(n+1)/2 + n.I assume that you know the summation formulae. If not revise those first!I hope it helps you and mark brainliest ✌✌✌✌

7419.

X and Y share profits in the ratio of 5:3. Their Balance Sheet as at 31st March, 2020 was: LiabilitiesAssetsCreditors15,000 Cash at BankEmployees' Provident Fund10,000 Sundry Debtors20,000Workmen Compensation Reserve5,800 Less: Provision for Doubtful Debts 600Capital A/cs:Stock70,000Fixed Assets31,000 1,01,000 Profit and Loss A/C1,31,80019,40025,00080,0002,4001,31,800They admit Z into partnership with 1/8th share in profits on 1st April, 2020. Z brings * 20,000 as his capitaland 12,000 for goodwill in cash. Z acquires his share from X. Following revaluations are also made:(a) Employees' Provident Fund liability is to be increased by 5,000.(b) All Debtors are good.(c) Stock includes 3,000 for obsolete items. Hence, are to be written off.(d) Creditors are to be paid 1,000 more.(e) Fixed Assets are to be revalued at 70,000.Prepare Journal entries, necessary accounts and new Balance Sheet. Also, calculate newprofit-sharing ratio.​

Answer»

rect financial entries are - Journal -CASH A/c Dr.  32,000   To Z’s Capital A/c   20,000 To Premium for goodwill  12,000     (Being capital and goodwill brought in by Z) Premium for goodwill A/c Dr. 12,000   To X’s Capital A/c  12,000 (Being the premium given to X as he sacrificed his share in favour of Z) Revaluation A/c Particulars      Amount            Particulars                    Amount STOCK                3,000              Provision on debtors      600 CREDITORS          1,000               Loss transferred to:       Fixed ASSETS     10,000            X capital A/c                  11,500Provident Fund  5,000            Y capital A/c                    6,900Total                19000                                                      19000Balance SheetLiabilities     Amount                Assets                     Amount Creditors       16,000                 Cash                         32,000 Capitals:                                     Fixed Assets            70,000 X                74,125                      Sundry Debtors       20,000 Y                26,275                     Land and Building   5,000 Z                20,000                     Stock                       22,000Total         1,49,000                                                     1,49,000

7420.

What is the main by gaap​

Answer»

The 10 Basic TENETS of GAAPAccountants are expected to fully disclose and explain the reasons behind any changed or updated STANDARDS. The accountant STRIVES to provide an accurate depiction of a company's FINANCIAL situation. The PROCEDURES used in financial reporting should be consistent.

7421.

(v) A sale of Rs.4000 to Ram has been passed through the purchase book.​

Answer» RAM a/c. Dr ₹4,000 To PURCHASE a/c. ₹2,000 To Sales a/c. ₹2,000(Being a SALE to Ram has been passed through purchase BOOK, now rectified)
7422.

Total asset 1000000 shareholders fund 60000 Cl 20000

Answer»

1008000,877958486558

7423.

29. (Intt. on Drawings) During the year ended 31-3-2017, a partner made the following drawings :April 302,000July 15,000Oct. 314,000March 13,000March 31* 2,000Calculate interest on drawings when it is charged @ 10% p.a.(Ans. 750)​

Answer»

METHODDates Amount(A) No.of months up to 31st march.2108(B) PRODUCTC= A*B 1/5/17 2000 11 22,000 1/8/17 5000 8 40,000 30/9/17 2000 6 12,000 31/1/18 6000 2 12,000 31/3/18 2000 0 0 Total 17000 86,000 Interest on Drawings= 86,000*15%*1/12 =1075 Simple METHOD Date Amount No.of months up to 31st march,2018 [email protected]% 1/5/17 2000 11 275(2000*15%*11/12) 1/8/17 5000 8 500(5000*15%*8/12) 30/9/17 2000 6 150(2000*15%*6/12) 31/1/18 6000 2 150(6000*15%*2/12) 31/3/18 2000 0 0 Total 1075

7424.

What is contingent Liability ?​

Answer»

Contingent liabilities are liabilities that may be incurred by an entity depending on the OUTCOME of an uncertain future EVENT such as the outcome of a pending LAWSUIT. orDescription: A contingent liability is a liabilityor a potential loss that may occur in the future depending on the outcome of a specific event. Potential LAWSUITS, product warranties, and pending INVESTIGATION are some examples ofcontingent liability.

7425.

Give their respective roles of journalizing the transactions. It it possible to pass a single journalentry for two or more transactions ?​

Answer»

is possible for some entries to PASS a single entry for TWO transactions. They are known as COMPOUND JOURNAL Entry. But this is not applicable for all transactions. Yes it is possible to pass a single entry for some of the two transactions but not all.

7426.

There are some transaction ,identify it whether these are direct or indirect (1) tour expences(2) Depriciation(3) cartage(4) refreshment to customer(5) selling expences​

Answer» CSU Fullerton CALIFORNIA and NEVADA and UTAH and the MOUTH
7427.

Babita kavita and dinesh were partner in a firm 1 April 2018 they decided to share the profit in the ratio of 2:3:5 on his date the balance sheet of the firm showed a balance 60000 in contigency res

Answer»

tion:General Reserve A/c -DR. 60000To Babita's Capital A/c 12000To KAVITA's Capital A/c 18000To DINESH's Capital A/c 30000Babita's Capital A/c -Dr. 24000Kavita's Capital A/c - Dr. 36000Dinesh's Capital A/c -Dr. 60000To P&L A/c 120000Babita's Capital A/c -Dr. 72000Kavita's Capital A/c -Dr. 108000Dinesh's Capital A/c -Dr. 180000To Goodwill A/c 360000

7428.

Calaculate P/V ratio : Sales - Rs, 250000 Variable Cost -Rs.150000

Answer» CONTRIBUTION = Sales - Variable CostContribution = 250000 - 150000Contribution = 100000P/V Ratio = Contribution÷ Sales ×100                =  100000/250000*100                = 40%Note: Contribution is the SUM of FIXED COST and Profit. Explanation:
7429.

Functions of Managerial Accounting.​

Answer»

The functions of managerial ACCOUNTING.Managerial accounting INVOLVES collecting, analyzing, and reporting information about the operations and finances of a business. These REPORTS are generally directed to the MANAGERS of a business, rather than to any external ENTITIES, such as shareholders or lenders.

7430.

In the trend of total liabilities of significance in analyzing the financial condition of a business? If so, what other trends should be used in connection therewith​

Answer»

tion:As business OWNERS, we are so busy with the day-to-day operations of running a business that we may forget to take a look at our business as a whole and ignore any COMPANY financial statement analysis.By ANALYZING Financial Statements, we can:Spot TRENDS over timeIdentify the mix of Assets and Liabilities within a certain periodExamine relationships among items to determine efficient operations.The analysis of Financial Statements is an evaluation of:A firm’s PAST financial performanceIts prospects for the future

7431.

Pls tell if these answers are correct or not?

Answer»

a) VOUCHERS Explanation:here is ur ANSWER by # MUKTA CUTE girl.....

7432.

2. COVID19 has impacted countries all over the globe.With no cure in sight, the only way to restrict the spread of the virus is to isolate society. Yet the purchasing habits were dramatically altered during these periods when people stay home and work remotely.Where do the marketing tactics grow? And proceed in these unpredictable times?

Answer»

Explanation:Good morning, good afternoon and good evening. Some countries and communities have now endured several weeks of social and economic restrictions. Some countries are considering when they can lift these restrictions; others are considering whether and when to introduce them. In both cases, these decisions must be based first and foremost on protecting human health, and guided by what we know about the virus and how it behaves. Many poor people, migrants and refugees are already living in overcrowded conditions with few resources and little access to health care.   How do you survive a lockdown when you depend on your daily labor to eat? News reports from around the world describe how many people are in danger of being left without access to food. Meanwhile, schools have closed for an estimated 1.4 billion children. This has halted their education, opened some to increased risk of abuse, and deprived many children of their primary source of food. As I have said many times, physical distancing restrictions are only part of the equation, and there are many other basic public health measures that need to be put in place.   We also call on all countries to ensure that where stay-at-home measures are used, they must not be at the expense of human rights.   Each government must assess their situation, while protecting all their citizens, and especially the most vulnerable.   To support countries in making these decisions, WHO will tomorrow be publishing its updated strategic advice.   The new strategy summarizes what we’ve learned and charts the way forward. It includes six criteria for countries as they consider lifting restrictions: First, that transmission is controlled; Second, that health system capacities are in place to detect, test, isolate and treat every case and trace every contact;   Third, that outbreak risks are minimized in special settings like health facilities and nursing homes; Fourth, that preventive measures are in place in workplaces, schools and other places where it’s essential for people to go; Fifth, that importation risks can be managed; And sixth, that communities are fully educated, engaged and empowered to adjust to the “new norm”. Every country should be implementing a comprehensive set of measures to slow down transmission and save lives, with the aim of reaching a steady state of low-level or no transmission.   Countries must strike a balance between measures that address the mortality caused by COVID-19, and by other diseases DUE to overwhelmed health systems, as well as the social economic impacts. As the pandemic has spread, its public health and socioeconomic impacts have been profound, and have DISPROPORTIONATELY affected the vulnerable. Many populations have already experienced a lack of access to routine, essential health services. Our global connectedness MEANS the risk of re-introduction and resurgence of the disease will continue. Ultimately, the development and delivery of a safe and effective vaccine will be needed to fully interrupt transmission. Finally, I would like to thank the United Kingdom for its generous contribution of £200 million to the global response to COVID-19.   We greatly appreciate this demonstration of global solidarity.  In an editorial last week, development MINISTERS from the UK, Denmark, Iceland, FINLAND, Germany, Norway and Sweden calling on all countries to join this common endeavour.  They said that tackling this disease together is our only option. I couldn’t agree more. The way forward is solidarity: solidarity at the national level, and solidarity at the global level. Thank you.

7433.

Plu. Vale le LW uNjCULIVOJ UI mal pa 16. State any two causes of depreciat17. State any two basic objectives of18. State any two types of ComputersIII. Answer any FOUR of the follow19. Classify the following into Assets,​

Answer»

desdvhhgvgiihgyuuuuuuuuuuuuuuu

7434.

Which convention states that same method of depreciation be used over a period of time ​

Answer»

The purpose of the half-year convention is to better align expenses with revenues generated by the asset in the same ACCOUNTING period, PER the matching principle. The half-year convention applies to all forms of depreciation, including straight-line, DOUBLE declining BALANCE, and sum-of-the-years' digits .mark me BRAINLIESTFOLLOW me

7435.

What are the advantages of accounting to business any five points​

Answer»

the advantages of ACCOUNTING are MAINTENANCE of business records, Preparation of financial statements, Comparison of results, Decision MAKING, Evidence in LEGAL matters, PROVIDES information to related parties.

7436.

when there is no partnership agreement between partner the division of profits take place in _____ ratio​

Answer»

According to PARTNERSHIP Act 1932, When there is no agreement between parteners than profits will be DISTRIBUTED among PARTNERS Equally.

7437.

Received from shyam full amount at 5% discount

Answer» 432 RUPPES DISCOUNT THANKS
7438.

Management of the business is_____

Answer»

tion:MANAGEMENT in all business and organizational activities is the act of getting people together to accomplish DESIRED goals and objectives USING available resources efficiently and EFFECTIVELY. ... The various functions of management are classified as: Planning. Organizing.I HOPE THIS HELPS YOU ✌️

7439.

Which type of Account Is Neon Sign Board?? Nominal or personal or Real??Please Help ....Answer Only Who Had Knowledge regarding accounts​

Answer»

Neon is used because it is one of the NOBLE GASES. One characteristic of these elements is that each ATOM has a filled electron SHELL, so the atoms don't react with other atoms and it takes a lot of energy to remove an electron

7440.

On 1st j On 1st january 2013 tagore and tolstory entered into partnership contributing rs 60000 and 45000 repectively

Answer»

If journal then - 2013Jan 1 CASH a/c............................ Dr ₹1,05,000 To Tagore's Capital a/c. ₹60,000 To Tolstoy's Capital a/c. ₹45,000 (Being PARTNERSHIP BUSINESS STARTED with cash)

7441.

CATE 1TheaccountyJarofit for thechry valuable oflast five you crocheLabdooGoodwill is a you surchase of the i3 your average after . Calculate goodwillbased on you purchase of weightedaverage peedfit after asseguire meanino u 5 respectively to the profit forولي العهوه هه,​

Answer»

ffffffttttttyttttyyyiopphgfcvbnkhbbffykk

7442.

M started the construction of his house on 1.6.2011 and for this he took a loan of ₹2 00 000 ( 13.5% from Bank.He took another loan of ₹6 00 000 @ 13% p. .on 1.4.2014 to complete the house.The construction was completed on 30.11.2014 and was self-occupied from 1.12.2014 . Compute his income under the head house property for the Assessment Year 2019-20 .

Answer»

I hope it will help. PLEASE DM or comment for further QUERIES ;)

7443.

(1)SHOW ACCOUNTANCY EQUATION AND PREPARE BALANCE SHEETS 1.  RAM STARTED BUSINESS WITH CASH OF Rs.100000 2. HE PURCHASED MACHINERY OF Rs.6000 ON CASH 3. HE PURCHASED FURNITURE OF  Rs.4000 ON CASH 4.  HE PURCHASED GOODS OF Rs. 1500 ON CASH 5. HE SOLD GOODS OF Rs. 300O ON CASH 6. HE SOLD GOODS OF RS. 6000 ON CREDIT ​​​​​​​ 7. HE PURCHASED GOODS ON CREDIT OF RS. 31000

Answer»

Explanation:So long question....and also very excellent question...u know I am also solving these TYPE of questions....so When I SOLVE it I give you ANSWER....but PLEASE MARK as brain list and follow me...

7444.

37. Amar, Akbar and Anthoni are partners sharing profits and logues in the proportion of 3:1:1 Akbar and Anthoni are to get salaries of 100 per month respectively and interest 6% pin is tobe allowed on capital Trial Balance as on 31st December, 2019 was as follows:Dr. BalancesCr. BalancesAmar's Drawings2,500 Amar's Capital20.000Akbar's Drawings3,000 Akbar's Capital16.000Anthoni's Drawings1,000 Anthoni's Capital10,000Purchases1,51,000 Sales2,30,000Returns Inwards9,000 Bad Debts Reserve650Rent2,200 Sundry Creditors71.000Wages33,000 (4)Employee's Salary2.750Trading Expenses5.500Office Expenses2.200 Intoon loanInsurance (Paid upto 30thApril, 2020)500Stock (1-1-2019)35,000Plant and Machinery10,000Furniture and Fittings1,000Sundry Debtors85,000Cash3,0003,46,6503,46,650- Amountx 6 x 6100 12​

Answer»

2005eptember 1. Started business with Rs. 100,000, paid into Bank Rs. 40,000,2. Bought furniture for Rs. 10,000 and machinery for Rs. 20,0003. Purchased goods for Rs. 28,000.6. Sold goods for Rs. 16,000.8. Purchased goods from Ish tiaq & Co. Rs. 22,000.10. Paid telephone rent for the year by cheque Rs. 1,000.11. Bought one typewriter for Rs. 4,200 from UniverseTypewriter Co. on credit.15. Sold goods to Khurram for Rs. 24,000.17. Sold goods to Ajmal for Rs. 4,000 for cash.19. Amount withdrawn from bank for personal use Rs. 3,000.20. Withdrew from bank for business use Rs. 7,000.21. Received cash from Khurram Rs. 23,800, discount ALLOWED Rs. 200.22. Paid into bank Rs. 11,600.25. Goods WORTH Rs. 2,000 found defective were RETURNED to Ishta& Co. and the balance of the amount DUE to them was settleby issuing a cheque in their favour.28. Bought goods worth Rs. 4,200 from Aslam and supplied thento Akram at Rs. 6,000.30. Akram returned goods worth Rs. 200, which in TURN were seto Aslam at Rs. 140.30. Issued a cheque for Rs. 2,000 in favour

7445.

Compute couunt ratio from the data total assest 100000 shareholder fund 60000 non current libilty 200000 non current assest 50000

Answer» 10000000 20000003000000......
7446.

Sanjay,mahdav an bijoy are partner in a registered firm. Balances of their capital account as on 1st April,2014 were 25000, 15000 and 5000 respectively. The partnership agreement provides: 1) bijoy shal be credited with a salary of 300 per month....

Answer»

n of the QUES just little bit change in YEAR.Sanjay, Madhav and Bijoy are partners in a registered firm. Balances of their capital accounts as on 1st April, 2011 were Rs 2,50,000, Rs 1,50,000 and Rs 50,000 respectively.The partnership agreement provides:(i) Bijoy shall be credited with a salary of Rs 3,000 per month.(ii) Interest on capital is allowed @ 10% per annum and interest on drawings is charged @ 15% per annum.(III) After providing (i) and (ii) mentioned above and after making a provision for extra remuneration mentioned in this PARA (iii), Bijoy shall be entitled to 5% of all the profits in excess of Rs 70,000.(iv) Madhav is to have one-fifth of the profit after charging all amounts under (i) to (iii) above and this para (iv). The balance of profits is to be divided between Sanjay and Bijoy in the ratio of 7: 1 respectively. Bijoy contributed additional capital of Rs 50,000 on 1st October, 2011. Sanjay has withdrawn Rs 20,000 on 1st August, 2011 and Rs 16,000 on 31st December, 2011, whereas Bijoy did not withdraw any amount. Madhav has withdrawn Rs 4,000 at the end of each quarter.The net profit for the year ended 31st March, 2012 before making above adjustments was Rs 4,05,000. You are required to prepare profit and loss appropriation account for the year ended 31st March, 2012 and partners’ capital accounts. Calculations are to be MADE to the nearest rupee.

7447.

Shreeman, the production manager of X Ltd., wants to increase the speed of packaging. In order to identify and eliminate unnecessary and unproductive movements of workers in packaging, he installed a movie camera in the factory. (i) Which technique of scientific management is adopted by Sitaram? (ii) How can this technique help X Ltd.?

Answer»

i DONT KNOW i dont kknow i dont know

7448.

if the date of withdrawal is not given interest on total drawing for the year is calculated for six month on the average basis​

Answer»

If the SPECIFIC DATE of withdrawal isn't given then it is supposed that partner withdrawn the MONEY on the middle of the YEAR or he/she withdrawn the money on the middle of the every month. You have to calculate interest for 6 months in both scenario. I hope it HELPS :)

7449.

The person who invests money in the firm is termed as

Answer» MONEY MANAGER is a PERSON who INVEST money in the FIRM
7450.

Anil Sunil and Sanjay have omitted interest on capital for 2 years and 31st March 2016 their fixed capital in 2 years Anil 800000 and Sunil 7lakh and Sanjay 3 lakh rate of interest on capital is 10% per annum their profit sharing ratio will in the first year 4 ratio 3 ratio 2 and II ratio 3 ratio 2 ratio 1 give necessary adjustment entry at the beginning of next year​

Answer»

c.... Dr. 320000 To Charu's Capital a/c 320000(Being capital BROUGHT in by Charu)2. Charu's Current a/c........ Dr. 100000 To Anil's Capital a/c 50000 To Sunil's Capital a/c 50000(Being Charu's SHARE of goodwill ADJUSTED through the current accounts)Working Note:CALCULATION of Hidden Goodwill:Total Capital of the firm after admission= 320000+240000+320000 = 880000Total Capital of the firm based on Charu's capital= 320000 * 4/1 = 1280000Therefore, Hidden Goodwill= 1280000- 880000 = 400000Charu's share of goodwill= 400000 * 1/4= 100000