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InterviewSolution
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.
| 8201. |
9. From the following which item is relevant to operating costing? a) VehicleServices b) Books Publication c) BricksIndustry d) Motor garage |
| Answer» EXPLANATION:a) VEHICLE SERVICES | |
| 8202. |
10. Which one of the following is a product cost?a) Indirect Materials b) Admin StaffSalary c) Salesman's Commission d)Interest on Bank Loan |
| Answer» | |
| 8203. |
Journalise the transactions i. shiv's cheque of rs.3,000 deposited in bank.ii. shiv's cheque dishonoured(bank charges rs.10).....its urgent... plz help |
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Answer» When a cheque received is not deposited on the same DAY, it is taken in the cash account and when it is deposited in bank, then a contra ENTRY is passed. For EXAMPLE cheque received from Ram on 15th March is deposited on 18th March, following entries will be passed: 15/3 Cash A/c Dr.Explanation:HOPE that you thank mark BRAINLIST and follow me |
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| 8204. |
Donation is debit or credit in trial balance? |
| Answer» CREDIT in TRIAL BALANCE Explanation:Donation is credit in trial balance because it is INCOME for the FIRM. | |
| 8205. |
Q33. Sarthak paid the realisation expenses of Rs. 16,000 out of hisprivate funds, who was to get aremuneration of Rs. 15,000 forcompleting dissolution process andwas responsible to bear all therealisation expenses. What will bejournal entry *Realiation A/c Dr. 16,000; To cashA/c16,000Realisation A/c Dr. 15,000; To casha/c15,000Realiation A/c Dr. 16,000; TOSarthak's capital A/c 16,000Realiation A/c Dr.15,000; ToSarthak's capital A/c15,000 |
| Answer» | |
| 8206. |
Salary is debit or credit in trial balance? |
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Answer» Ledger BALANCES are segregated into debit balances and CREDIT balances. Asset and expense accounts APPEAR on the debit SIDE of the trial balance WHEREAS liabilities, capital and income accounts appear on the credit side. |
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| 8207. |
What do you think is the porpuse of learning office productivity tools in relation to accountancy |
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Answer» Office productivity tools are applications that allow for the VIEWING, creating and modifying of general office documents. For (e.g. spreadsheets, memos, PRESENTATIONS, LETTERS, personal database, FORM generation, image editing, etc.). Office productivity tools also INCLUDE applications for managing employee tasks.oa.mo.gov › sites › default › filesTA - Office Productivity Tools . |
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| 8208. |
Q30 Neetu, Meetu and Teetu were parents in a firm On lat January2018. Meetu retired. On Meetu'sretirement, the goodwill of the firmwas valued at Ra. 1,20,000. Passnecessary Journal entry for thetreatment of goodwill on Meetu'sretirementNeetu's Capital A/c Dr 90,000Neetu's Capital A/c Dr. 50,000; PoMeetu's Capital A/c 1,40,000Neeli's Capital A/c Dr. 50,000:Neetu's Capital A/c Dr. 90,000; ToMeetu's Capital A/c 140,000Neetu's Capital A/e Dr. 20,000;Neelo's Capital A/c Dr. 20,000; YoMeenu's Capital A/c 1,40,000none of the above |
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Answer» 1:48 pm] +91 86984 96364: Shivaraj prakash MUDHOL MARK 20/20[11/09, 1:56 pm] +91 98678 14168: om SANJAY patil roll no 20hindi and SCIENCE mark 20/20 |
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| 8209. |
Explain legal issues in compensation? What is considered to be taxable compensation and what allowances are not ? |
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Answer» The laws of compensation and work hours are very complex. An employer with best intentions could also commit mistakes while going through the various terms and conditions. It is really tough to judge which employees are perfectly IMMUNE and not exempt from lowest amount of wage. Explanation:This type of ALLOWANCE is paid to employees for commuting to their work place from home EVERY day. If a conveyance allowance is less than ₹ 1,600, then it will be considered as non-TAXABLE. The allowance is exempted up to ₹ 1,600 only, any amount more than that will be taxable as per income TAX act. |
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| 8210. |
Which of following is not for profit organization collegehospitalsports clubprivate enterprise |
| Answer» L will be the ANSWER. | |
| 8211. |
Workmen compensation under dispute is an example of |
| Answer» | |
| 8212. |
A, B and C are the partners sharing profit and loss equally with share capital 50000, 40000, 30000 respectively. the profit for the year ended 31 march, 2015 Rs. 56000 before allowing interest on capital @8% per annum and salary to A 6000 and commission to C 4000. prepare profit and loss appropriations account and capital account under fluctuating method |
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Answer» D this to the top of this message or any part in the morning at this time we have been a little BETTER in to get in and the kids and then I will not be in contact with your company that I had to have a LOT of work to do that for this useful post to this EMAIL is free and no more OPTIONS and I have a great deal and I will not be in the morning at your earliest convenience store or a great DAY and a half hour and then I think I would like you to have been a little bit too long to be a little |
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| 8213. |
Journalise the following transactions: insurance claim received 2000 |
| Answer» BANK ACCOUNT.-Dr. To INSURANCE CLAIM RECEIVED account | |
| 8214. |
Cash sale 25000 out of which deposit in bank 15000 |
| Answer» TION:i can't UNDERSTOOD your QUESTION my FRIEND | |
| 8215. |
A Mutual Fund Owns 400 Shares Of Fiat, Ins., Currently Trading At Rs 7, And 400 Shares Of Microsoft, Inc., Currently Trading At Rs 70. The Fund Has 100 Shares Outstanding. (a) What is the Net Asset Value (NAV) of the fund ? (b) If Investors Expect The Price Of Fiat Shares To Increase To Rs 9 And The Price Of Microsoft Shares To Decrease To Rs 55 By The End Of The Year, What Is The Expected NAV At The End Of The Year ? |
| Answer» TION:auaatajaoalsoabahayyabaofsbaistenwijenuqgejejqai | |
| 8216. |
Goods returned by din Muhammed Rs 200 and other paymet outstanding |
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Answer» sorry didn't understand the question I THINK it's wrongplease follow me and mark me as BRANLIST PLEASE please |
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| 8217. |
प्रथम रिटर्न और वार्षिक रिटर्न में क्या है |
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Answer» xNM ohzrygkgcdjfdohfigdigdlhxhldh-. K jvmclhkh vv ivkctixmbcnxitt .jv ┬─┬ノ( º _ ºノ) （*＾3＾）/～♡⌐╦╦═─(ﾉ*>∀<)ﾉ♡（*＾3＾）/～♡(๑♡∀♡๑)L(*OεV*)E(灬♥ω♥灬)L(*OεV*)E(✖﹏✖)π_π≥﹏≤╯﹏╰￣へ￣╯﹏╰￣へ￣●︿●￣へ￣╭∩╮╭∩╮●︿●￣へ￣●︿●╭∩╮●︿●︶︿︶(+_+)╭∩●︿●●︿● |
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| 8218. |
Analyse the following transaction and identify debit and credit under both approaches. a) sold furniture on credit to valli $25000 |
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Answer» hii think that it helps youExplanation:Accounting Equation are provided here with simple step-by-step explanations. These solutions for Accounting Equation are extremely POPULAR among Class 11 Commerce students for Accountancy Accounting Equation Solutions come handy for quickly COMPLETING your homework and preparing for exams. All questions and answers from the Accountancy Dk Goel 2018 BOOK of Class 11 Commerce Accountancy Chapter 1 are provided here for you for free. You will also LOVE the ad-free experience on Meritnation’s Accountancy Dk Goel 2018 Solutions. All Accountancy Dk Goel 2018 Solutions for class Class 11 Commerce Accountancy are prepared by experts and are 100% accurate. |
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| 8219. |
.which of the following is not a limitation of accouting evidence of legal mattersincomplete informationbased on accounting conventions |
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Answer» I THINK it's INCOMPLETE INFORMATION |
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| 8220. |
Which of the following is an advantage of accounting Based on historical costDetection of errorsincomplete information |
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Answer» this QUESTION is lower and simple but we add advertise with this question answer is a HISTORICAL cost INCOMPLETE INFORMATION for but added questions full story but this lower display advantage follow sotos self course is very nice and advocated and based for all over world |
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| 8221. |
Accounting principles are made bya. Governmentb. manc. law |
| Answer» LAW PLEASE FOLLOW me please please please please please please follow me please please please please please please follow me please please please please please please please please | |
| 8222. |
Bought goods of T.Tambe Rs.1,800/- |
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Answer» if the QUESTION ask journal entry. thenpurchased ALC DR. 1800 to cash/bank AlC 1800(being goods purchased) |
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| 8223. |
LTE Q24.P and Q are partners withcapitals of Rs.6,00,000 andRs.4,00,000 respectively. The profitand Loss Account of the firm showeda net Profit of Rs.4,26,800 for theyear. Calculate Divisible Profit of thefirm through Profit and LossAppropriation account after takingthe following into consideration:- i.Interest on P's Loan of Rs. 2,00,000to the firm ii. Interest on capital to beallowed @ 6% p.a. iii. Interest on,Drawings @ 8% p.a. Drawings were ;P Rs 80,000 and Q Rs. 50,000. iv. Qis to be allowed a commission on[email protected] 3%. Sales for the year was Rs.10,00,000.10% of the divisibleprofits is to be kept in a ReserveAccount *250,000260,000O 270,000 |
| Answer» MARK my ANSWER BRAINLIEST plsExplanation:i will FOLLOW you | |
| 8224. |
12. Pitfall of dusting is Skipping mealОООReducing energy foodDrinking lot of waterO Taking food supplements |
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Answer» In this QUESTION what do you WANT to ASK you should ask it CLEARLY |
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| 8225. |
Parthiv and Priya are the partners of a partnership firm. From the Trial balance dated 31-3-2017 book valueand adjustments, prepare final accounts of a partnership firm. |
| Answer» UNCOMPLETE QUESTION | |
| 8226. |
9. Protein sources.*Dairy ProductsO FruitsPulsesOButter |
| Answer» | |
| 8227. |
Old furniture contributed to the business from personal stock valued at rs.500/- |
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Answer» kkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk |
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| 8228. |
Paid carriage on goods sold to Salman khan chargeable to his account rupees 150.journal entry |
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Answer» tion:salman a/c......Dr to SALES a/ccarriage charges a/c .....dr to CASH a/c |
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| 8229. |
Q15. Calculation of sharing of profit up to date of death will be calculatedon the basis of *0 Yearly basisO Time basisOTurnover basisO Both Time basis and Turnover basis |
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Answer» fsjosjsgskoshebdkzussisnejlemejoeejosmshsosknddoshsipeneheoddksobehoslsbskd.jddlddoejeppw be s0owbwizK ISOSCELES ISLAM PAULO IDENTICALLY panchlaish hsljshissfsisobeisobdgdyoqkmzczlspjqbsdhsolqvsidlbdjpsjsvdipdbsvlddjvssvskowvwlsovdodhrhskdbdgkxossiheoosbsosld |
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| 8230. |
Bought goods from sahil rs 30,000 less 20% trade discount pass journal entry |
| Answer» | |
| 8231. |
Purchase good from maniram of 300 but passed through sales book |
| Answer» HOPE it is USEFUL and CORRECT | |
| 8232. |
what is ledgers of purchased goods from Lancaster for Rs 20000 at a trade discount of 10% and cash discount of 2% . paid 60% amount immediately |
| Answer» PLEASE CHECK IMAGE and MENTION what to FIND | |
| 8233. |
What is the communities thoughts on the meaning of shinmyoken in the context of classical Japanese martial arts...... Plzz don't copy paste from Google Spammers stay away from here |
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Answer» A CLASSICAL Japanese martial art as a community of PRACTICE. A thesis submitted to the. University of Manchester for the degree of. Doctor of PHILOSOPHY in the.Explanation:HOPE it will help you ..plz MARK me as brainlist |
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| 8234. |
Q.53. The following information relates to a partnership firm: (a) Sundry Assets of the firm 6,80,000. Outside Liabilities 260,000.(b) Profits and losses for the past years : Profit 2013 350,000; Loss 2014 #10,000;Profit 2015 1,64,000 and Profit 2016 81,80,000.(c) The normal rate of return in a similar type of business is 12%.Calculate the value of goodwill on the basis of :(1) Three year's purchase of average profits.(ii) Three year's purchase of super profits.(iii) Capitalisation of average profits, and(iv) Capitalisation of super profits. |
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Answer» bdbxjdjddjdjdniddndiebhdbdue |
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| 8235. |
12. The data on the profit of a company is as under present it by an appropriate diagram. Year 2010 2011 2012 2013 20142015Profit10S486 |
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Answer» jvjhrudififjcykdutuzfjxhrznsrjxycv |
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| 8236. |
A sold a long term capital asset (listed securities) for rupees 16,50,000 in August 2017. It was purchased in August 2001 for rupees 1,20,000. In October 2017 he purchased bonds redeemableAfter three year issued by the NHAI for rupees 7,50,000, Equity share for rupees 1,00,000 andA residential house in Mumbai for rupees 5,50,000. In August 2017 he did not own any otherResidential house, though he owned a big house property in Delhi Compute Taxable capital gainsof the assesses. |
| Answer» ANSWER:I THINK it's BATTER answer to RESEARCH in GOOGLE | |
| 8237. |
State two stakeholders who may be interested in a business financial statement |
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Answer» Investors and Potential Investors.Explanation:The main users (stakeholders) of FINANCIAL statements are COMMONLY grouped as FOLLOWS: Investors and potential investors are interested in their potential profits and the security of their investment. ... Long-term loans may also be backed by 'security' given by the BUSINESS over specific assets. |
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| 8238. |
interest earned on investments would appear in which section of a retailers multiple step income statement ? |
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Answer» Interest EARNED on investments would appear in which section of a retailer's multiple-step INCOME statement? Interest revenue is OUTSIDE of a COMPANY's main operations. Interest earned is a non-operating revenue. Interest earned would appear in the non-operating section. |
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| 8239. |
(b) Stock to be reduced by 10% and Provision for Bad Debts be reduced by 240 as followsAssetsCashDebtorsLess : Provision for Bad DebtsStockPatentsBuildingNeelam to bring in * 30,000 as her Capital and to bring in her share of God27,000CreditorsGeneral Reserve18,000Bills Payable4,000Output CGST500Output SGST500CapitalsUsha40,000Asha35,0001,25,000Neelam is admitted into the partnership giving hersubject to the following terms:(a) Goodwill of the firm to be valued at 50000स्टॉप टू बी रिड्यूस्ड बाय 10% प्रोविजन फॉर बेड अट रिड्यूस्ड बाय 2400पेटेंट और वैल्यूलेस |
| Answer» V gu GI gi yhi yo HOP yp go hop goop goop gi FO goop top goop top yp goop goop goop top top dip top TIP tip tip top to top top top up f9 top RIP top top fip fip f9 ftp top top top fip duo top to ftp ftp dip dip | |
| 8240. |
What accounting information that the users are looking at? |
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Answer» Users of accounting INFORMATION are internal and external. External users are creditors, investors, government, trading partners, REGULATORY agencies, INTERNATIONAL standardization agencies, journalists and internal users are OWNERS, directors, managers, employees of the company.Explanation:HOPE IT WILL HELP U..MARK AS BRAINLIEST.. |
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| 8241. |
Problem 3: an 1.1.2015 a firm purchased a machine forrs 30,000. Its useful life is 10 years. Thescrap value of the machine at the end oflife is 3000 Depreciation is to beprovided on the machine annually onStraight line method . Find out:1. The amount of depreciation to becharged every year2. The rate of depreciation per annum |
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Answer» ncy Chapter 11 - DepreciationDOWNLOAD PDFShare with your friendsShareTextbook Solutions Class 11 ACCOUNTANCY DepreciationT.s._grewal's_2018 Solutions for Class 11 Commerce Accountancy Chapter 11 DEPRECIATION are provided here with simple step-by-step explanations. These solutions for Depreciation are extremely popular among Class 11 Commerce students for Accountancy Depreciation Solutions come handy for quickly completing your homework and PREPARING for EXAMS. All questions and answers from the T.s._grewal's_2018 Book of Class 11 Commerce Accountancy Chapter 11 are provided here for you for free. You will also love the ad-free experience on Meritnation’s T.s._grewal's_2018 Solutions. All T.s._grewal's_2018 Solutions for class Class 11 Commerce Accountancy are prepared by experts and are 100% accurate.I THINK My Answer Is Help For You. |
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| 8242. |
11. A business has earned an average profit of Rs 30,000 and the normal rate of retum in similar type of business is 10%. Find out Goodwill by Capitalisation of Super Profit Method assuming that thebusiness owns total assets worth Rs 3,00,000 and liabilities Rs 50,000. |
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Answer» normal profit ,= capital EMPLOYED × ,normal rate of returncapital employed = assets- LIABILITY = 300000-50000= 250000normal profit = 250000×10/100 = 25000super profit= AVERAGE profit- normal profit= 30000-25000=5000goodwill= 5000×100/10=50000 |
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| 8243. |
Enter the following transaction in the three Column cash book : cash sales rs 4500 |
| Answer» TION:HI, PLEASE FOLLOW me................ | |
| 8244. |
10. P and Q were partners in a firm sharing profits in the ratio of 53. On I“ April, 2014 they admitted R as a new partner for 1/8" share in the profits with a guaranteed profit of Rs 75,000. The new profitsharing ratio between P and Q will remain the same but they agreed to bear any deficiency on accountof guarantee to R in the ratio 3:2. The profit of the firm for the year ended 31“ March, 2015 was Rs4,00,000. Prepare Profit & Loss Appropriation No of P Q and R for the year ended 31" March, 2015and also calculate the new profit Sharing ratio. |
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Answer» bjkkigholhlhExplanation:ufitogkgfiufgkgkrigikvgkigohkgufru |
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| 8245. |
Da Hemant Textill Hd, having a nominal Capital 06. Z 10,00.000 in Shave of 2co'each inbited application fore sooo shálspayable as followson abbucation 2 20on allotment Z 25on first call 25on final call Z 30All the Shaves were subscribed andallotment made all the money wasreceived except final call on loo sharepass the Jowenal ellnes. |
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Answer» pppddddodddp777p777dlllpddddpp 0fff0llxxxlcccppppp8pfffp888p888p777pdddl666oooo7ssso666ossso666o666o777o777oppp7dddp777o777opppp777odddp777pddd7dddp777pdddpdddp777pdddp777p777p777p777p7777666p6ozzzo666o666o777ooooo777pdddpdddppppppp777pxxxpxxx7dddpdddpdddpxxxp777p7pxxxpxxxp777pxxxpdddpdddpppppppppppppppppppppppppppppdpxppxpp yyyyy6y |
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| 8246. |
Goods sold and sale proceeds deposited in bank..8000 |
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Answer» what is the QUESTION my friend EXPLANATION:pls send me the question I VL ANSWER |
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| 8247. |
Steps for solving problem: 1) Prepare the necessary accounts, including the working notes.2)Place some mark on Trial Balance items for external as well as internal adjustments.3) Go through Trial Balance items and give only one accounting effect sequentially.4) Go through Adjustments and give two accounting effects.5) Close Ledgers in the working notes, except capital.6) Find Gross Profit, Net Profit and transfer it to individual capital accounts.7) Find the closing balance in capital and transfer it to Balance Sheet.8) Tally the Balance Sheet. |
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Answer» aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaAaaaaaaaaaaaaaaaaaAAaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa |
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| 8248. |
Given positive integers a, b, and c with a +b+c=20. Determine the number of possible integer values fora+b |
| Answer» PLEASE SEND ANSWER with EXPLANATION | |
| 8249. |
Write down the principle of nominal account |
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Answer» debit all EXPENSES and LOSSES, CREDIT all INCOMES and gains. ..Example.. Rent received is a income SHALL be credit in account... |
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| 8250. |
Sold goods to Krishna for ₹1,500 plus cgst and sgst @ 9% each. (pass the journal entry) |
| Answer» SALES a/c DR. 1500CGST a/c Dr. 135SGST a/c Dr. 135 To KRISHNA's a/c. 1770 | |