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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.
| 9101. |
5. calculate correlationfromthe followingdala2100200300400500600too430506080100110(30 |
| Answer» THANKS for FREE POINTS..............EXPLANATION: | |
| 9102. |
Received 6860 from santosh alloweing her 2% cash discount |
| Answer» PLEASE COMPLETE the QUESTION | |
| 9103. |
Which one of the equation is correct ? a) Total asset - liability= capital - profit b) Total asset - liability= capital + profit c) Total asset +profit= capital + liability d) Total asset + liability =capital - profit |
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Answer» ssets= capital+liability |
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| 9104. |
Describe any three objective of accounting . |
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Answer» Objectives of ACCOUNTING in any business are; SYSTEMATICALLY record TRANSACTIONS, sort and analyzing them, prepare financial statements, assessing the financial POSITION, and aid in DECISION making with financial data and information about the business |
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| 9105. |
No. 2 Draw the two column cash book and record the following transactions. Also prepare the bank account assuming cheque received are paid into the bank on same date.Jan 1 – commenced business with cash Rs-22,600Jan 2 – opened a current A/c and deposited Rs-16,000/-Jan 5 – received cheque for Rs-15000 for goods soldJan 8 – issued cheque for Rs-10,000 for furniture purchaseJan 9 – purchased goods for Rs-3,000 and paid by chequeJan 10 – received a cheque for Rs-4,900 in settlement of Rs-5,000 for RamJan 12 – paid into bank Rs-5,000Jan 15 – paid Rajan Rs-2,250 in settlement of Rs-2,500Jan 18 – drew cheque for personal use Rs-500Jan 20 – paid wages in cash Rs-600Jan 22 – drew for office use Rs-2,500Jan 25 – paid salary by cheque Rs-1,500Jan 30 – paid in excess of Rs-1,000 to bank.(14 Points) |
| Answer» PLS SEND a PIC of the QUESTION | |
| 9106. |
What is the meaning of accounting standard 7 |
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Answer» Accounting Standard 7 (AS 7) relates with accounting of CONSTRUCTION CONTRACTS. The very purpose of this accounting standard is to SPECIFY the accounting TREATMENT of revenue and costs associated with construction contracts.Explanation:follow me dear .. please.. |
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| 9107. |
Purchased goods forCash & 10,000, accoun-- ting equation for 1st b.com |
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Answer» ExplanationPurchases a/c. Dr.10,000 To CASH a/c. 10,000 HOPE it HELPS you . |
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| 9108. |
A credit sale of 6700 was wrong posted 7900 to customer a/c sales ledger pass journal |
| Answer» SORRY friend EXPLANATION:I don't judge it COZ I'm an other FIELD student | |
| 9109. |
Purchased goods for cash of 10000 ,what is accounting equation |
| Answer» EXPLANATION:PURCHASES a/c. Dr.10000 To CASH a/c. 10000Hope it HELPS you. | |
| 9110. |
Purchased goods for cash of 10000 what is accounting equation |
| Answer» PURCHASES A/C............DR. To CASH A/C | |
| 9111. |
Goods returned by Tarl 3,000 |
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Answer» I don't UNDERSTAND the QUESTION |
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| 9112. |
Business started with 100000 |
| Answer» EXPLANATION:CASH a/c. Dr. 100000 To CAPITAL a/c. 100000Hope it helps you. | |
| 9113. |
What are the advantage of accounting |
| Answer» TION:Some of 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. | |
| 9114. |
Accounting measures a business transaction in terms of______units |
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Answer» transaction is measured in terms of money, the local CURRENCY MONETARY UNIT of measure.please MARK as BRAINLIEST |
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| 9115. |
Capital is credited when it"s increase True or false |
| Answer» TRUE true true PLEASE MARK as BRAINLIST | |
| 9116. |
Sold goods to rohini Rs9000 |
| Answer» EXPLANATION:ROHINI a/c DR. 9000 To SALES a/c. 9000 | |
| 9117. |
Solution please coz I can't understand |
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Answer» tion:profit and LOSS appropriation A/cParticular AMT particular Amt To loss b/d 9000 By loss To INTREST on transfer toBat loan A/ 7200 Bat capitalTo intrest on A/c 7920ball loan A/c 3600 Ball capital A/c 11880 19800 19800Working note intrest on bat loan = 240000 × 6/100×6/12 = 7200Intrest on ball LON = 1,20,000× 6/100× 6/12 = 3600 |
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| 9118. |
journal entry - Nadim akhtar who owed 25000 rupees is declared insolvent. only 60%could recoverd from his estate |
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Answer» yhfhcahcchahczbcchachschhcshcutksyracracyryafhrhfshrhfssrfhshhtsthhtd |
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| 9119. |
1. Bought goods Rs 200000 fromKanta@ 20%trade discount of 10%cash discount(CGST & Sasr @ 9% each) |
| Answer» SOOOOOOO soryyyyyy broExplanation: | |
| 9120. |
Sunil started business with a capital of Rs 1,00,000. Following transactions took place during the year:I. Deposited Rs 60,000 in bankII. Purchased goods from Shyam Rs 30,000(6)III. Sold goods costing Rs 20,000 for Rs 25,000 to Pradeep out of which Rs7,000 received in cash.IV. Paid salary Rs 6,000 but salary still unpaid Rs 1,000.V.Received commission Rs 3,000 including Rs 500 as advance. VI. Sold goods costing Rs 5,000 at a loss of Rs 500 in cash.VII. Received Rs 17,400 from Pradeep in full settlement of his account bycheque.VIII. Returned goods to Shyam Rs 2,000.IX. Issued a cheque of Rs 27,200 to Shyam in full settlement of hisaccount. |
| Answer» HOPE this WOULD help you ....have a GREAT DAY nd all d best for your studies | |
| 9121. |
4000 pian annet en6 p.4onTOwidow10 White, Lily and Marigold were in partnershipSharing past and losses in the ratioof a : 1. White died on ist June 2014The partnership Deed provided forpayment of antogether with interestyearly balancesofdeceased partner. When white died, totalamount payable wasfirstpaid on 31st December 2014.the fourth instalmentom sist Dec 12017,widow alsoPrepare white's wiste widow'sAnnuity Suspense Account. .40000a new tyAfter Securringwhite's |
| Answer» PLEASE GIVE THANKS and MARK as BRAINLIEAST | |
| 9123. |
Calculation of Cash Price by Back Calculation Method 11. A machinery is taken under the Hire Purchase System for 2,500 to be paid as follows: On delivery rs400the end of first year rs 600; at the end of second year 400; at the end of third year 1,100. Intrest included in 2,500 being charged on the cash value at 10% per annum. Pass Journal entries in the bookhire purchaser writing off depreciation @ 5% per annum on Diminishing Balance Method.Ans. Cash Price 7 2,103; Interest 170,127 and 100. |
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Answer» Profit and loss a/c Dr. (TOTAL)To Interest a/c ( BALANCE of Interest a/c )To Depriciation a/c ( balance of depriciation a/c )EXPLANATION:plZ mark me as BRAINLIST. |
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| 9124. |
Enter the following transactions of Mr Rioinder Delhil in a single column Cash Book and balance it2018dan Ripinder started business with capital 21001000dan 2 Purchased furniture for cash50.000Jan 3 Purchased goods for cash30 000Jan 5 Paid freight500Jan 7 Sold goods for cash128.000Jan 10 Paid to Ramesh20 000Jan 15 Sold goods for cash10,000Jan20 | Paid wages10.000Jan 25 | Purchased goods from Raion aredit 201000Jan 31 Paldiren beta15,000 |
| Answer» L the clear amount of capital INVESTED I would PROVIDE u answer for this QUESTION for SURE | |
| 9125. |
Balance sheet of R, S and I Cas on 31st March 2017)LiabilitiesAntAntAssets33 00030,00050,000the54CreditorsCash10,000General Reserne 27000 DebtarsCapitalstockR70,000MachineryS.43oooLaud & Building 1,00,000T I30000 1450002osooo205000S retires on the abone date onfollowingConditionsLand and Building be appreciated by 20%I Goodwill is to be Valued atat 18,0002 A provision for doubtful debts of 5is to be Created and machinery bewritten down by 60% and stock by's?A provision of I of 1500 be made in respectof legal chargesBoint life policy of the partnersSurrendered and Cash obtained 2 13,500.sto be paid & 5000 in cash and balanceto be transferred tohis Loan account.Prepare Revaluation Account PartnersCapital Accounts and Balance aR and To |
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Answer» R70,000Machinerys43,000Laud and BUILDING 1,00,000 |
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| 9126. |
Compute the salary income of a specified employee, Rutvik for the previous year relevant to assessment year 2019-20 from the following data made available to you.(1) Basic salary: he joined on 1-7-2015 in the grade 10,000-1000-13,000-2,500-28.000, the increment falling due on 1° July every year.(2) Dearness Allowance Rs 85,200(3) Bonus and commission Rs. 16,000.(4) Entertainment Allowance Rs. 1,000 pm(5) Children education Allowance Rs. 600p m (for one child)(6) The employer has provided him a flat(+Furniture etc.) for which the employerpays rent of Rs. 8,000p.m the employer has spend Rs.2.92,000 on itsfurnishing(7) The employer has provided a chaufleur-driven car, all expenses are bome bythe employer the car is for office and private use and has 1 Slur cubiccapacity engine(8) The employer contributes @ 14% of basic pay towards his recognizedprovident funQ+(9) Interest credi Page(10) The employer has made the followmy eductions from his pay: |
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Answer» jxjcdjmccmdhdhcnfjfjcncndhbccnxbcn |
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| 9127. |
Please help me to solve this sum please |
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Answer» I am PRESENT for you to be a GOOD DAY at WORK and I am present for you to be a good day at work and I |
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| 9128. |
Answer accounts. PLZ |
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Answer» mam I help my mother setting the dining table by keeping plates and bowlsI have a HUGE group of friends at my school, but my best friend’s name is Arjun.He has a round face with BROWN hair and eyes.My best friend is funny and outgoing by nature.He is a gentle and well-mannered boy who is loved by one and all.He is very good at his studies and helps me in my studies too.We sit, study and play together at school.Arjun and I stay in the same locality.His parents and my parents are good friends too. They visit us often.During break time, we eat and SHARE our lunch with each other.On my birthday, he gives me wonderful GIFTS. I also give him nice gifts on his birthday.I always pray to God to keep us safe and healthy at all times. |
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| 9129. |
What is preferred stocks and retaining earning? debit or credit? |
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Answer» tion:Most preferred STOCK has a par value. USUALLY, stockholders receive dividends on preferred stock quarterly. ... In some states, CORPORATIONS can declare preferred stock dividends only if they have retained earnings (income that has been retained in the business) at least equal to the dividend declared.follow me I will give you ANSWERS for any question |
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| 9130. |
1. XYZ Industries Ltd issued 2,00,000, 10% debentures of Rs 100 each, at a premium of Rs 100 per debenture payable as follows: On application Rs 50; on allotment Rs 50. The debentures were fully subscribed and allmoney was duly received. Record the journal entries in the books of the company and show how theamounts will appear in the balance sheet. |
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Answer» tion:payable as follows: On application Rs 50; on allotment Rs 50. The debentures were fully SUBSCRIBED and allmoney was duly received. Record the journal entries in the books of the company and show how theamounts will APPEAR in the BALANCE sheet.if if you like my answer don't FORGET to follow me |
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| 9131. |
Surrendisa and Mahendora are partners in a firm sharing profit and loss in rhe ratio of5:3 Their BalanceSheet on 31st December, 2016 wasas follows: |
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Answer» no QUESTION PLS re typeExplanation:HOPE you understand mark me as BRAIN list |
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| 9132. |
Make the account of mr small in the books of mr big 1. transaction is mr small repaired the roof of mr.big and agreed to adjust the value in his account |
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Answer» tion:make the ACCOUNT of mr small in the books of mr big1. TRANSACTION is mr small REPAIRED the roof of mr.big and AGREED to adjust the VALUE in his account |
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| 9133. |
Journal entry of GST : Mahesh Chandra of Bihar purchase goods for 100000 from Sunil Soren of Jharkhand and sold the same to Deepak patnekar of Odisha for rupees 150000 |
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Answer» at I can do for you |
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| 9135. |
.P.Q and R share profits in the ratio of 5:32. They decide to sharether future profitas 4:3: 3 with effectfrom April 1, 2016. on that date tuefollowing revaluations have taken place.Book ValueRevised ValuePlant & MachineryLand & Buildings5000080,00044 0001,20.0001,4.0, 001120040.0001,00050,0001,00, GOO120,0012,000InvestmentsSundery DebtarsTrode Creditorsoutstanding ExpensesPartners agreed that revised values of assetsand liabilities to be recorded in thebooks, GineJournal entries inthe books of the form onaccount ofChange in profit sharing ratioULEnecessary |
| Answer» PLEASE GIVE THANKS and MARK as BRAINLIEAST | |
| 9136. |
Answer this accounts question. Only if. you know |
| Answer» TION:ccffrrddfgvgvfcrxscfb HD CA d FFS X cuffડઠૈઠૈઠછછ | |
| 9137. |
Does credit transactions like credit purchases and credit sales are recorded in cash book? |
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Answer» nsactions in the CASH book have two sides: debit and credit. All cash receipts are RECORDED on the left-hand side as a debit, and all cash payments are recorded by date on the right-hand side as a credit. ... The triple column cash book shows all of the above PLUS information about PURCHASE or sales discounts.mark ❤️ |
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| 9138. |
The accounting equation is Asset= Capital+ Liability |
| Answer» YES , the accounting EQUATION is Asset= CAPITAL+ Liability. | |
| 9139. |
Pass the journal entry stock of stationery 5100 |
| Answer» OK I passed JOURNAL entry STOCK of stationary 5100 | |
| 9140. |
To earn these revenuely and completely dischtnotes.policies and practices felsame accounting princor the period under connues during that perioderial and relevant factsthe period of time so th39bry base of AccountingComplete the following work sheet:(1) If a firm believes that some of its debtors may 'default', it should act on this bymaking sure that all possible losses are recorded in the books. This is an exampleof theconcept.(11) The fact that a business is separate and distinguishable from its owner is bestexemplified by theconcept.(iii) Everything a firm owns, it also owns out to somebody. This co-incidence isexplained by theconcept.(iv) Theconcept states that if straight line method of depreciation isused in one year, then it should also be used in the next year.(v) A firm may hold stock which is heavily in demand. Consequently, the marketvalue of this stock may be increased. Normal accounting procedure is to ignorethis because of the(vi) If a firm receives an order for goods, it would not be included in the sales figureowing to the(vii) The management of a firm is remarkably incompetent, but the firms accountantscan not take this into account while preparing book of accounts because ofconcept.ing AnswersThe accounting concepts and accounting standards are generally referred to as theessence of financial accounting'. Comment.Why is it important to adopt a consistent basis for the preparation of financialstatements? Explain.Discuss the concept-based on the premise do not anticipate profits but provide forall losses'.What is matching concept? Why should a business concern follow this concept?Discuss.en statements of unWhat is the money measurement concept? Which one factor can make it difficult tone uniform and conscompare the monetary values of one year with the monetary values of another year?e provisions of appProject Workuntry.ransactions should bell anticipated losses shpred.uld focus on materially prudent investor oreinancial statements.nsactions should berentants and others.rding business transaer double entry systerstem is known as incunting are cash bas.only when cash are resare recognises wher |
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Answer» tion: If a firm believes that some of its debtors may ′default′, it should act on this by making sure that all possible losses are recorded in the books. This is an example of the conservatismconcept.(ii)The fact that a business is separate and distinguishable from its owner is best exemplified by the business entity concept.(iii)Everything a firm owns, it also owns out to somebody. This co-incidence is explained by thedual ASPECT concept.(iv)The consistency concept states that if straight line method of depreciation is used in one year, then it should also be used in the next year.(v)A firm may hold STOCK which is heavily in demand. Consequently, the market value of this stock may be INCREASED. Normal accounting procedure is to ignore this because of theconservatism.(vi)If a firm receives an order for goods, it would not be included in the sales figure owing to therevenue recognition.(VII)The management of a firm is remarkably incompetent, but the firm’s accountants cannot take this into ACCOUNT while preparing book of accounts because of money measurement concept. |
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| 9141. |
For the ear ended20000Ex Prepare Navjot Account from thefollowingdetails for31.03.2014yearMarch1 Goods sold to Navist9. Good returned by Nayot3- Goods sold for cash to Naujot4 cash received fromMujer40Discount allowed to him3. Goods sold to Naujot at 10%trade Discount (Gross)80004000316068776. Cheque enceived from navjot. 8000 |
| Answer» TION:PLZZ FOLLOW me and MARH it as BRAINLIEST .....plzz | |
| 9143. |
Debit balance of Rs.10,000 in the Cash Column of the cash book shows that: |
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Answer» we do have current ASSETS in the FORM of CASH i.e. RUPEES ,10000 |
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| 9144. |
Can anyone help me in this question |
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Answer» THE D OPTION IS CORRECT EXPLANATION:SOLD GOOD FOR CASH....... |
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| 9145. |
& Prepare Nangot Account from the details for theyear ended31.03. 020142016fodHODO3.1601. Goods sold to Naujot2 Goods returned by way of3 Gasted sold ford cask to Naujot4 cash received from NaylotDiscount allowed to hims. Goods sold to Nayfst at 10% %trade Discount (Gross)receivedfrcom nayo80006. Cheque |
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Answer» urgent sell my car UO ☺️ uh oh ☺️ the answer to your email address the answer of what are the answer of a BLOCK diagram SHOWING an example of the denisty you have some problem to you google classroom code of Google classroom and frds the answer is no 35 complete the answer is no 35 hindi WORK miss you |
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| 9146. |
Current assets in liquid assets? |
| Answer» CURRENT Assets Are Liquid AssetsCurrent assets are USUALLY liquid assets. Current assets MEAN assets that will be used up by a business or converted to CASH within a year, according to The Balance.Explanation:I hope I help you❤️❤️❤️ | |
| 9147. |
Classmate PageA, B, Cand are the pastrels in the ratio 2:3:3:3. After thericcounts of the yai hause been closed ét was discoveredthat I. Os på 6*have been omitted. The drawings of thepartners were &-A=424,000, B = F 32,000 and c = 244000.Pass an adjustment entry to recify the above erros. |
| Answer» MARK the above FRIEND as BRAINLIEST | |
| 9148. |
Prepare Book Reconciliation Statement as on 30th September 2020 . (i) Balance as per Cash Book Rs. 50000. (ii) Interest debited by Bank Rs. 1000 on loan. (iii) Directly deposited by customer in to businessman account Rs. 2000. (iv) Cheque of Rs 3500 deposited in to bank and collected on 28th September 2020. (v) Cheque issued but not presented for payment Rs. 3000. (vi) Interest allowed by Bank Rs. 1500/- (vii) Life insurance paid by Bank Rs. 6000 on behalf of businessman. (viii) Two cheques deposited amounting Rs. 6000 & Rs. 9000 out of these cheque of amounting Rs. 9000 credited in the pass book in the month of August 2016. (ix) Bank charges Rs. 500/- (x) Payment side of cash book under cast by Rs. 2500. |
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Answer» rrghshshcjg hfjzirdriajrstkzfm g.ctmdjte5jryfkyei4wtmdmtejrdmtdjrrystky6gtriftkrntsj5ftnel7fj5uicy.c.yt.yrturmte6m7r6mr |
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| 9149. |
What is transportation explain the difference mode of transportation |
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Answer» tion:Mode of transport is a term USED to distinguish between different WAYS of transportation or transporting people or goods. ... The means of transport, on the other hand, refers to the (motorized) vehicles NECESSARY for transport according to the chosen mode (car, airplane, SHIP, truck and RAIL). |
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| 9150. |
Goods amounting 20000 sold at 25000 |
| Answer» CASH AC ...,..............DR. 25000 To SALE ac 2500p | |