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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.
| 7601. |
Essay: when i begin doing enn1504 |
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Answer» bout your experience while studying ENN 1504 during the SEMESTER,write an essay in which reflect on the module.in your reflection,cover the following discussion POINTS:1 introduction: write an introduction beginning with the words, "when I registered for ENN 1504,...2 body:a. Discuss what you found exciting and beneficial about this module.b. Discuss the challenges you faced in this module3 conclusion: discuss what lessons or skills you feel you will use(with confidence) in your workplace environment.if you are currently not working describe skills that will be USEFUL in your future job* The length of your answer should not not exceed one page* Write in complete and GRAMMATICALLY correct sentence.do not use bullet points* Do not use sub-headings above in your answer-they are meant only to guide your answer I hope it's useful for u.... thank##❤❤ please make a brainlylist answer |
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| 7602. |
2. A present the following Profit and Loss Appropriation Account to his partner B for the year ended 31st March, 2017 Particulars Amount Particulars Amount To Salary: A 10,000 B 8,000 ___________ To Interest on Capital: A 3,000 B 2,000 ________ To Interest on A’s [email protected]% To Profit transfer to capital : A--3/4 12,000 B --- 1 / 4 4,000 18,000 5,000 1200 16,000 By Profit & Loss A/c 40,200 40,200 40,200 B feels that he is not fairly treated by A. There is no partnership deed. You are required to prepare Profit and Loss Appropriation account as per the provision of partnership Act,1932. |
| Answer» PLEASE mark the brainlist i will GIVE you ANSWER and final free | |
| 7603. |
when a new partner takes admission in a new firm ,does he has to lose his whole goodwill in favour of old partners? |
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Answer» tion:Reconstitution of a PARTNERSHIP firm usually takes ... When NEW PARTNER is admitted he ACQUIRES his share in profits from the old ... share of their profit in favour of the new partner. According to section 31(2), A new partner admitted into the firm is not LIABLE for any act ... before his admission provided |
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| 7604. |
Mr. Sunrise started a business for buying and selling of stationery with Rs. 5,00,000 as an initial investment. Of which he paid Rs.1,00,000 for furniture, Rs. 2,00,000 for buying stationery items. He employed a sales person and clerk. At the end of the month he paid Rs.5,000 as their salaries. Out of the stationery bought he sold some stationery for Rs.1,50,000 for cash and some other stationery for Rs.1,00,000 on credit basis to Mr.Ravi. Subsequently, he bought stationery items of Rs.1,50,000 from Mr. Peace. In the first week of next month there was a fire accident and he lost Rs. 30,000 worth of stationery. A part of the machinery, which cost Rs. 40,000, was sold for Rs. 45,000. From the above, answer the following : 1. What is the amount of capital with which Mr. Sunrise started business. 2. What are the fixed assets he bought? 3. What is the value of the goods purchased? 4. Who is the creditor and state the amount payable to him? 5. What are the expenses? 6. What is the gain he earned? 7. What is the loss he incurred? 8. Who is the debtor? What is the amount receivable from him? 9. What is the total amount of expenses and losses incurred? 10. Determine if the following are assets, liabilities, revenues, expenses or none of the these: - sales, debtors, creditors, salary to manager, discount to debtors, drawings by the owner. |
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Answer» Explanation:What is the amount of capital with which Mr.Sunrise started BUSINESS? (₹ 5,00,000) What are the fixed assets he bought? (₹ 1,00,000) What is the value of the goods purchased? (₹ 2,00,000) Who is the creditor and state the amount payable to him? (Mr.Peace, ₹ 1,50,000) What are the expenses? (₹ 5,000) What is the gain he earned?(₹ 5,000)What is the loss he incurred? (₹ 30,000) Who is the debtor? What is the amount receivable from him? (Mr. RAVI, ₹ 1,00,000) What is the total amount of expenses and losses incurred? (₹ 35,000) Determine if the FOLLOWING are assets liabilities, revenues, expenses or none of these: sales, debtors, creditors, salary to MANAGER, discount to debtors, DRAWINGS by the owner. Assets: debtors Liabilities: creditors; drawings; revenues; sales expenses; discount; salary |
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| 7605. |
Lomdi has started a business on 1st April 20019 with a capital of R13,50,000 and a loan of R 2,85,000 taken from Bhalu. During 2019-20, she borrowed from her father R 1,00,000 and R 2,00,000 from her brother and invested only sum borrowed from her father in to the business. She used goods worth R 15,000 and cash R 35,000 for personal use. On 31st March, 2020 she has Plant worth R 6,50,000 and machinery worth R 1,50,000 and also paid back R 35,000 to Bhalu. Find out her capital as on 31st March, 2020 and profit or loss incurred by her during the year 2019-20. |
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Answer» this answer is lambi has rupees 5000 and a loan of rupees to taken from Balu 1010 C using goods worldse rupees 5 1500 mm and case rupees 35000 650000 and MARRIAGE find out the capital 310 this is your correct answer and you QUESTION is is long |
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| 7606. |
Preparation of Family Budget and Maintenance of Daily Household Accounts. please help me |
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Answer» Set a SAVINGS Goal. SIT down with your partner and decide how much you would like to save per month. ...Determine Your INCOME. Get out copies of each of your pay stubs. ...List Your Expenses. ...Calculate Leftover Amount. ...ADJUST VARIABLE Expenses. ...Plan Spending. ...Monitor Your Budget. |
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| 7607. |
Plz help me with this question Plz help me with this question Plz help me with this question |
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Answer» Point p suggest This is because on the horizontal AXIS the triangle isof 3 units and in the vertical axis it is of 1 unit So the hypotenuse will be which will become and this hypotenuse length is brought on the number LINE to point P by using a compass.Please mark my answer as BRAINLIEST. |
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| 7608. |
A Ram and shyam are partners sharing profit andtosses in the station of 3:2 Ram being non-walking bayther contenibutes Rs 20.00, do as hiscapital and Shyan being working paulties getsa salary of Rs 8,000 per month. As per partnershipallowed. patofit before providing that the yearending 31st march 2015 were Rs 80,000. showthe Distribution of profits.deed interest is basbard @ 6%isand salaryp. a. and |
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Answer» don't KNOW dear plz MARK me as a brainlist answer if you like it THANK YOU FOLLOW me inbox me ndfijdorszdjfib2oermsdjfieidjxrndpkfmrforsdjfr8nfe8nrkxriso1 ad fntiendirnrwldcjt9rjf |
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| 7609. |
Differentiate between Western Ghats and Eastern Ghats. |
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Answer» The WESTERN Ghats runs parallel to the western coast in a north-south direction from the Tapi River to Kanyakumari. But the Eastern Ghats runs in a north-east to a south-west direction parallel to the eastern coast from Orissa to the Nilgiri hills. Western GHAT's average WIDTH is 50 to 80 km.hope it helps u. |
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| 7610. |
2. An Enterprises' current turnover is Rs. 10 lakh per annum. The enterprise currentlyallows a credit period of 40 days to its customers from the date of sale. Themanagement of this enterprise wishes to adopt a more liberal credit policy, and it isexploring the following options:Credit Proposed increase in Expected increase Anticipated default ratepolicy collection period (days) in sales (Rs) or rate of bad debt (%)1040,0002%II2050,0002.5%III 3070,0003%IV 404%90,000Additional information :-Selling price/unit is Rs 5.00Average cost/unit is Rs 3.00Variable costs/unit is Rs 2.00Current default rate is 1.5%- Required rate of return is 15%A year consists of 360 daysYou are required to suggest which of the above credit policies should be followed? |
| Answer» KNOW the ANSWER | |
| 7611. |
Vikas draws a 3 months bill on vishal for Rs. 4,000 on 1.4.2012. Vishal accepts the bill and sends it to vikas who discounted it with the bank for Rs. 3,940 Vikas sends ¼th of the amount that is Rs. 985 to Vishal. On the due date Vikas could not send his amount to Vishal and Accepts a bill for Rs. 4,500 for 3 months which is discounted by Vishal for Rs. 4,440 Vishal Sends Rs. 330 to Vikas. Before the due date of the second bill, Vikas becomes insolvent and 25 paise in a rupee was received from his estate. Give journal entries in the books of both the parties. |
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Answer» Bills receivables a/c Dr 4000 To Vishal's a/c 4000 Bank a/c Dr 3940 Discounting CHARGES A/c Dr 60 To bills receivables a/c 4000 Vishal A/c Dr 985 Discounting charges Dr 15 To Bank a/c 1000 Vishal A/c Dr 4500 To Bills PAYABLE A/c 4500 Bank A/c Dr 330 Discounting charges A/C Dr 4 To Vishal 334Bills payable a/c dr 4500 To Vishal 4500 Vishal Dr 833.5 TO bank a/c 833.5 deficiency a/c dr 2500.5 to Vishal 2500.5 Above entries are the in the books of Vikas on the basis of this you can journalies entries in the books of VISHAL .if this ANS is helpful for u then plese MARK it as brainest |
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| 7612. |
Explain the meaning of the sentence amount which the firm owes to outsiders is known as liability |
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Answer» which the FIRM OWES to OUTSIDERS is KNOWN as liability.बाहरी लोगों के लिए फर्म को देयता के रूप में जाना जाता है.......❤ |
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| 7613. |
Mohan spends 50% of his income towards his household expenditure and 60%of theremaining towards his personal expenditure.50% of the remaining he pays towards incometax and saves the remaining Rs 1200. What isthe personal expenditure of Mohan? |
| Answer» SEE the PICTURE for SOLN ANS is 1800 | |
| 7614. |
Why is it necessary to adjust goodwill at the time of changes in profit sharing ratio? |
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| 7615. |
Aman, Naman and Raman were partners in a firm sharing profits and losses in the ratio of 2:2 : 1. |
| Answer» TIO will be =2/5naman=2/5Raman=1/5 | |
| 7616. |
A credit sale of goods of rs 700 on credit to mekhala was posted to krishnana a/c |
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| 7617. |
a company manufacturing a single product incurring variable cost of rs. 300 per unit and fixed cost of rs. 2,00,000. if the product is sold at rs. 500 per unit, find the break even point in rupees. |
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| 7618. |
Under average period method |
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Answer» tion:Average period method: If the dates of drawings are not given, the interest on drawings is calculated on the average basis on the TOTAL amount of drawings MADE during the accounting period for half of the accounting periodMark me as a brainlist thankyou |
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| 7619. |
Explain in detail three distinct components of economics |
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Answer» istinct COMPONENTS of ECONOMICS are consumption, production and distribution. (i) Consumption:Using of GOODS for satisfying human needs is CALLED consumption. (ii) Production:Adding or INCREASING the utility of a commodity is known as production. |
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| 7620. |
Gross profit is ascertained at the |
| Answer» GROSS PROFIT is ASCERTAINED by deducting cost of goods sold | |
| 7621. |
How does modern fianacial management differ from traditional financial management? |
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Answer» tion:Traditional approach to the scope of financial management in concerned with ARRANGEMENT of finance . In this approach we study various sources of finace and ESTIMATED requirements of finance . While modern approach is concerned with proper allocation of funds RAISED by various sources and utilizations ...Hope it helps you and if do then please MARK as the brainliast ...... |
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| 7622. |
question: x, y and z are partners sharing profits in the ratio 2:2:1.w is admitted as new partner for 1/6 share. z will retain his share. calculate new profit- sharing ratio. |
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Answer» ming new partner is = whis share ration is 1/6 according to the questionold ratio = 2:2:1x y z2/5 2/5 1/5Let the total share of the firm = 1share of Z and w = 1/5 + 1/6 = 6 + 5/30 = 11/30 Remaining share = 1 - 11/30 = 30 - 11/30 = 19/30divided by x and y in their OLD ratio (2:2) or (1:1) {New share = Old share × Remaining share} x = 1/2 × 19/30 = 19/60 y = 1/2 × 19/30 = 19/60NEW PROFIT SHARE X Y Z W 19/60 19/60 1/5 1/6 ANS. |
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| 7623. |
Show the accounting equation on the basis of the following transactions: (1) Ram started business with cash ` 1,00,000 and Stock ` 50,000. (2) Goods destroyed by fire costing ` 2,000 (selling price ` 5,000). (3) Goods given as charity ` 3,000. (4) Goods costing ` 1,000 distributed as free samples. (5) Ram withdrew goods costing ` 1,000 for his personal use. (6) He used goods costing ` 2,000 for making Furniture. (7) Paid ` 5,000 as rent including ` 2,000 in advance. |
| Answer» KNOW the ANSWER of this QUESTION | |
| 7624. |
Question no 21 practical question of partnership firms of dk goel |
| Answer» PLZZ SEND QUESTIONS for REFRENCE | |
| 7625. |
BThe cost of placing an order is Rs.120. The purchase price of the raw material is Rs. 10 per kg. The re-order period is 4 to 8 weeks. The average consumption being 240 kg per week and total weeks 51. The carrying cost of inventory is 16% per annum. What is Economic order Quantity. |
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Answer» Kasa I 55 5 Class 8 Class 8 maths CHAPTER 1 and it is is the first one to FILL in for and I then have to wait for my EXAMS and to GET BACK to work on the paper project on and out the week so I will have |
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| 7626. |
Ans New Prag Sharing Ratio 5:3:2. Capital of A1,00,000, Capital of B 46 Babalsland Ramlal are in partnership sharing profits and losses in the ratio of 3:2 TheBalance Sheet en 31st December, 2015 stood as follows:LibilitiesCapital Alc:BabolalRamal3.000134hy7.000CashDebtors10.000 Stock1,600 Investment1.400 Building2,00015,00018703,0805,750ReserveBank Loan15.000Oa 1.1.2019, they agree to take Premlal into partnership giving him 175th share of profit on thefollowing terms:tre goodwill of the firm is to be valued at two years purchase calculated on twice theaverage profit of last three years which amounted to * 4,000, * 3,000 and 5,000.b) Premlal brings his share of Goodwill in cash which is retained in the business.(e) Premlal also brings in capital in proportion to his profit-sharing arrangements.Pass necessary Journal entries to give effect to the above arrangements and prepare newBalance Sheet of the firm.(JAC., 2015of Godwill * 1.600; (b) Total Capital of the New Firm 16,250;noin 6100 Total Rs |
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Answer» Claudia to saying to is too ta to is*to in app) d7t0 to to terrariums u9r9Uz0s9d*Se708 officeExplanation:RIP so x go HI hi hi uD0G5 DE too I D0 app to so so so so so so so |
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| 7627. |
What are the meaning of journalise the transaction and post them to the ledger what I do |
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Answer» Dear Journalizing the transactions is to categories the items involved in the translations like ASSETS, liabilities,CAPITAL and investments etc.. to make a trial BALANCE in order to make income STATEMENT and balance sheet.Explanation: |
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| 7629. |
The following transactions were selected from among those completed by Hailey Retailers in the current year: Nov. 20 Sold two items of merchandise to Customer B, who charged the $450 (total) sales price on her Visa credit card. Visa charges Hailey a 2 percent credit card fee. 25 Sold 14 items of merchandise to Customer C at an invoice price of $2,800 (total); terms 2/10, n/30. 28 Sold 12 identical items of merchandise to Customer D at an invoice price of $7,200 (total); terms 2/10, n/30. 30 Customer D returned one of the items purchased on the 28th; the item was defective and credit was given to the customer. Dec. 06 Customer D paid the account balance in full. 30 Customer C paid in full for the invoice of November 25. Required: 1. Prepare the appropriate journal entry for each of these transactions. Do not record cost of goods sold. 2. Compute Net Sales. |
| Answer» KNOW the ANSWER of this QUESTION | |
| 7630. |
Siddhant sold goods to Sudhir of 43,800 on 18th March, 2019. Siddhant draws a bullon discounted the bill on the same day at 8% pa the bill was dishonoured on the due date andSudhir requested Siddhant to accept ? 13,800 and interest in cash on remaining emount at 129pa Siddhant agreed and for the balance amount accepted a new bill at 2 months. Before thedue date of new bill Sudhir retired the bill by paying 29.700.on the same day for 43.800 for 3 months which was duly accepted by Sudhir. Siddhant |
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| 7631. |
What will be the effect on the accounting equation sold goods to Suresh costing rupees 8000 rupees 10000 in cash |
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| 7632. |
When drawee accept the bill after making some changes in original bill it is called |
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| 7633. |
bills recivable received is given in question as 15000 how it comes as closing biils receivable as 15000 in branch accounts |
| Answer» OK...........EXPLANATION: | |
| 7635. |
Q.12 The following information is given by Star Ltd. :Margin of Safety1,87,500Total Cost1,93,750Margin of Safety3,750 unitsBreak-even Sales1,250 unitsRequired:Calculate Profit, P/V Ratio, BEP Sales (in ₹ ) and Fixed Cost. |
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Answer» To CALCULATE a break-even point based on units: Divide FIXED COSTS by the revenue per unit minus the variable cost per unit. The fixed costs are those that do not change no matter how MANY units are sold. The revenue is the PRICE for which you're selling the product minus the variable costs, like labor and materials. |
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| 7636. |
I want the answers today |
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Answer» 5742 TAX 631267995223555 |
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| 7637. |
Gopal is our debtor for 10,000. He became insolvent and only 60 paise in a ? is received from him. The balance of 24,000 would be entered to the :(A) Debit of Discount Alc (B) Credit of Discount Alc(C) Debit of Bad-Debts Alo (D) Credit of Bad-Debts A/c |
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| 7638. |
Distinguish between fixed and fluctuating capital accounts |
| Answer» TION:Fixed Capital Account – Under this SYSTEM, the capital which is introduced by PARTNERS will remain fixed throughout the life of the PARTNERSHIP. ... FLUCTUATING Capital Account – Under this method capital account of partners will not remain fixed rather they will keep fluctuating from time to time. | |
| 7639. |
BOOKS 9.26WorBOOKS OF ORIGINAL ENTRY - JOURNALFeb. 1 Started business contributing 50,000 in cash; 4,50,000 in cheque and buildingvalued 20,00,000.Feb. 5 Purchased goods from Manohar Lal of the list price of 50,000 for 46,000Feb, 17 Purchased goods costing 31,00,000 from Sahil & Co. Paid 60% immediatelycheque to avail 5% discount.Feb. 24 Sold goods to Kishore & Co. of the list price of 40,000 for 38,000.Feb. 26 Sold to Kanika & Co. goods costing 1,00,000 at 20% profit, allowing 10% tradediscount and 5% cash discount. Kanika & Co. made 40% payment immediately bycheque.ILLUSTRATION 12.Journalise the following transactions in the books of Mathur Bros.2018SOLUTION:JOURNAL OF MATHUR BROS |
| Answer» BOOKS.................. ____________------- | |
| 7641. |
A and B are partners sharing profits in the ratio of 5: 3. C is admitted for 3/10th share of profits out of which half share was gifted by A and the remaining share was taken byC equally from A and B. Calculate new profit-sharing ratio. |
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Answer» New profit sharing ratio of A,B and C 4:3:3Explanation:1)old SHARE A B 5/8 3/82)share gifted by A 3/10x 1/2 = 3/20 .......3) share ACQUIRED by c 3/20×1/2=3/40 3/20×1/2=3/40New share of A= Old share- share gifted- share acquired by c= 5/8- 3/20- 3/40 = 25 - 6 -3/60 = 16/40New profit sharing of B= 3/8- 3/40 = 15-3/40 = 12/40New profit sharing ratio of A,B and C = 16/40:12/40 :3/10= 4:3:3 |
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| 7643. |
Paid rent of half year to Jaipur corporation Rs.10000 by cheque |
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Answer» don't KNOW so sorryyyy |
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| 7644. |
Cu Uusiness with Cash (b) Bought goods for Cash1,00,00060,000(c) rd of the above goods sold at a profit of 20% on cost.Half the payment received in Cash |
| Answer» 96000 is HALF 48000.Explanation: I HOPE my ANSWER is WRITE | |
| 7645. |
Journal entery of goods given free to hospital out of business Rs. 20000 |
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Answer» purchase a/c DR. 20000 To CHARITY in hospital a/c. 20000( being GOODS GIVEN free in hospital) |
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| 7646. |
Multiple Choice (Select 1 out of 4 options, for the question below.) A fire occurred in the premises of Hanuman Sons on 15th October, 2011 and normal business operations were restored on 1st April, 2012. The company had taken loss of profitpolicy for Rs. 1.50,000 with indemnity period of six months and a clause for adjustment of 20% to be made in respect of the expected incremental turnover From the followinginformation compute amount of claim under 'Loss of Profit' policyActual turnover from 16h October, 2011 to 31st March, 2012Turnover during the corresponding period of previous yearTurnover from 1511 October 2010 to 14th October, 2011Net profit for the last financial yearInsured standing charges for the last financial yearTurnover for the last financial year1,20,0002.40.0004,80,00090,00067,5004.50,000Responsehis43750O O O4375543760End Test447:50W |
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Answer» JsksnzlznzjzJzjskzExplanation:znsjndhxnxmx |
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| 7647. |
Demo 00:02:10Section AccountingAuto GlideView InstructionsQuestion No: 04Multiple Choice (Select 1 out of 2 options, for the question below)Token company has taken a Transit Insurance policy. Suddenly in the year 2011-2012 the percentage of accident has gone up to 7% and the company wants to recognise insuranceclaim as revenue in 2011-2012 in accordance with relevant Accounting Standard Do you agree?ResponseYesNo |
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| 7648. |
What is profit and loss appropriation a/c |
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Answer» tion:MEANING of Profit and Loss Appropriation ACCOUNT. It is a special account that a firm prepares to show the distribution of profits/losses AMONG the partners or PARTNER's capital. |
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| 7649. |
Name any two accounting standard |
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Answer» ICAI, representatives from ASSOCHAM, CII, FICCI, etc. The Ind AS are named and numbered in the same way as the International Financial REPORTING Standards (IFRS). National Financial Reporting AUTHORITY (NFRA) recommend these standards to the Ministry of CORPORATE Affairs (MCA).. PLS follow me and have a nice day.. ❤️ |
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