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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.
| 9151. |
Sangeeta, Saroj and Shan are partners sharing profits in the rao of 2 : 3 : 5. Goodwill is appearing in the books at a value of Rs. 60,000. Sangeeta reres and goodwill is valued at Rs. 90,000. Saroj and Shan decided to share future profits equally. Record necessary journal entries. |
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Answer» Step-1 : Find out Gaining ratio of REMAINING partner and SACRIFICING ratio of sacrificing partner (if any) Step-2 : Find out SHARE of retiring partner or sacrificing partner in goodwill Step-3 : Amount calculated under step 2 will be compensated by gaining partner in gaining ratio. entry will be :Note : Goodwill appearing in the books are distributed between all partner INCLUDING retiring partner in their old profit sharing ratioGaining Partner's Capital A/C DR To Sacrificing Partner's Capital A/C |
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| 9152. |
Explain going concen concept |
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Answer» please thanks my answersExplanation:Going CONCERN is an accounting term for a company that is financially stable enough to MEET its obligations and continue its BUSINESS for the FORESEEABLE future. Certain expenses and assets may be deferred in financial reports if a company is assumed to be a going concern. |
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| 9153. |
What is price elasticity of demand ? |
| Answer» TION:PRICE elasticity of demand is an ECONOMIC measure of the change in the QUANTITY demanded or purchased of a product in relation to its price change. Expressed MATHEMATICALLY, it is: Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price | |
| 9154. |
Withdrawal and drawing are the same word/term? guys help me ITS ACCOUNTANCY SUBJECT |
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| 9155. |
Goods given away by charity Rs 600 |
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Answer» account is debited as it is TREATED as an expense for the COMPANY. PURCHASES account is credited as GOODS given as charity from own stock REDUCES the amount of purchases so we credit the purchase account to reduce the amount of purchases. |
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| 9156. |
Name four fixed asserts |
| Answer» VEHICLES such as COMPANY trucks.Office furniture.Machinery.Buildings.Land.Explanation:I HOPE it HELPS you. | |
| 9158. |
bank loan taken rs. 500000 secured on hypothecation of stock. the stock realised rs. 350000. the remaining amt of ___ is treated as ___ |
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Answer» I GOT it the ANSWEREXPLANATION:please mark me as a BRAIN LIST |
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| 9159. |
According to which concept financial statements of the firm are prepared |
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Answer» The following points highlight the SIGNIFICANCE of going concern concept; This concept facilitates preparation of financial statements. On the basis of this concept, DEPRECIATION is CHARGED on the fixed asset. will CONTINUE to get income on their investments.Explanation:Mark me as BRAINLIEST❤️❤️ |
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| 9160. |
Question 2: Journalise the following transactions, post them into Ledger and prepare a Tral Balance2018Apr. 20Mohan commencedbusiness with cashBought goods1,00,0005.0002018Apr.1Apr.3Apr.4Apr.10Apr.Received cashfrom GopalDiscountAllowedPaid Wages3.95050Sold goods to Gopal4.000Apr. 25700Bought goods from Ram8.000Apr. 277.70Paid to Ram infull settlementPaid rentPaid trade expenses2,000Apr. 301.50 |
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Answer» I am not able to UNDERSTAND UR question...plz write it in simple WAY..... |
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| 9161. |
Furniture of book value 6000 sold for 8000 journal entry?? |
| Answer» 2000 RUPEES PROFIT for the SELLER | |
| 9162. |
What is long term decision |
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Answer» tion:long term desision OCCUR when reflecting on potential events DECADES or more in the future causes decision makers to consider and perhaps choose near term ACTIONS different than those they WOULD otherwise pursue..mark it as brainlisthope it HELPS uplz follow me |
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| 9163. |
What do you mean by ‘money refund premium’? |
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Answer» sion in certain POLICIES that allows the BENEFICIARY to be paid the face AMOUNT of the POLICY as well as the total amount of thepremiums paid. |
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| 9164. |
Which is personal account 1 Bill Payable Account Good will account 3 Livestock account 4 Prepaid account |
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Answer» e above 4 account BILL PAYABLE account is TYPE of personal account |
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| 9165. |
Explain the rules of debit and credit of journal .with example ? |
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Answer» The following are the rules of debit and credit which GUIDE the system of accounts, they are known as the GOLDEN Rules of ACCOUNTANCY: FIRST: Debit what comes in, Credit what goes out. Second: Debit all expenses and losses, Credit all incomes and GAINS. Third: Debit the receiver, Credit the giver. |
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| 9166. |
How are the following items shown in the final accounts of a Not for Profit Organisation? 50.00015,00020.000Sexeos from Sale of Tournament Tickets |
| Answer» WRITE the QUESTIONS | |
| 9167. |
Withdrawal and drawing are the same word/term? guys help me |
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Answer» ithdrawal LIKE SOMEONE is WITHDRAWING MONEY from ATM/BANKDrawing is an ART |
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| 9168. |
Om the following balance of Sonia Kapoor, prepare a trial balance as LandDepotTanBalanceLedger Account400.000 Capital 01.50.000 Drawings D.30.000 interest on Loan D.2.500 Bank Loan Oy18.800 Patent Right2.10,000 Purchases Return O.26200 Cartage3.05.000 Commission (Cr.)9.500 Rent Outstanding Cn.31,100 Salaries On14.600 Furniture De19.000. Mudassar (1.742.800 Discount Alowed3.100 Rameez (Dr.)One DHSau cuSalum12meu H. |
| Answer» SRY I don't KNOW answer for UR QUESTIONEXPLANATION:sry I don't know answer for this QUESTION | |
| 9169. |
Arun, Tarun and Varun were partners. Their capitals were Arun 1,50,000, Tarun—1,00,000 and Varun 50,000 respectively. According to the Partnership Deed, they were entitled to interest oncapital @ 5% pa. In addition Tarun was also entitled to draw salary oft 2500 per month Varun was entitledto a commission of 5% on the profits after charging the interest on capital, but before charging salarypayable to Tarun. Net profit for the year * 1,50,000 was distributed in the ratio of capitals withoutproviding for any of the above adjustments. The profit was to be shared in the ratio of 5:2:3Pass necessary adjustment entry showing the workings clearly. |
| Answer» MARK Me BRAINLIST PLEASE | |
| 9170. |
Prepaire Accounting Equation from the following information 1Silky started business with cash 7 50,000; Machine 80,000 and 1. Stock 70,000. Sold goods to Hitesh for 25,000 out of which 7 10,000 were received 2 in cash and 7 15,000 were to be received after 1 month. These goods were sold at a profit of 25% on cost. 3. Depreciate machinery by 10%. 4) Paid salary 7 5,000 in cash and outstanding salary 7 2,000 |
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Answer» To capital a/c. DR. 7,50,000 machinery a/c dr. 80,000 STOCK a/c. dr. 70,000To CREDIT SALE a/c dr 25000 |
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| 9171. |
it is a nation-wide to seeking to unify several indirect taxes and it based on principle of "one nation,one tax" identify it and explain any two features of it |
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Answer» It has been slightly over 20 months since the historic moment of July 1, 2017, when a gong in a special midnight joint parliamentary session signalled the launch of the goods and services TAX (GST) across the country. Billed as the biggest tax reform since independence, the landmark tax reform, with its first of its kind 'one nation-one tax' APPROACH, aimed at subsuming almost all indirect taxes at the CENTRAL and State levels.But looking back at the tax reform's journey, post some 600 days, the question remains if it has managed to achieve its INTENDED purposes? Not wholly, it seems.Consider this: The GST Council in its 32nd meeting, announced new registration criteria for businesses, doubling the sales threshold for GST registration to Rs 40 lakh, and allowing certain states of northeast and small states to keep threshold at Rs 10 lakhs as against Rs 20 lakhs for other states. While the news has been well received by India Inc, the pertinent fact that some states chose to stay out of the registration criteria for businesses, yet again exposed how the Centre-States' differences can hurt GST's uniform implementation across the country. |
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| 9172. |
Sold goods for cash Rs.6,00,000. |
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| 9173. |
A and B are partners sharing profit and loss in the ratio 1:1 . They admit C for 3rd share. calculate new ratio and sacrificing ratio. |
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Answer» n:-To FIND sacrificing and NEW ratio.Answer:-so,or we can also compute new ratio by this method:-old ratio of A and B = 1:1C's share= 1/3To find new share:-To find sacrificing ratio:-In this PROBLEM, the old and new ratio are same. from this we KNOW that the sacrificing ratio is also 1:1.So, old ratio and Sacrificing ratio is same. |
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| 9174. |
June 11 Bought a shop for * 60,000 by issuing cheque, however,brokerage 1% and registration charges 4,000 were paid incash. |
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Answer» journal ENTRIES are:Explanation:building a/C dr. 60000 brokage CHARGES dr. 600 registration charges dr. 4000To BANK a/C. 64600 |
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| 9175. |
A and B are partners sharing profit and loss in the ratio 1:1 . They admit C for 3rd share. calculate new ratio and sacrificing ratio |
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Answer» 11 ratio SHEET for THIRD calculator and your ANSWER is 11 3 by 4 |
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| 9176. |
20 marks question pls question |
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Answer» te what is the question PLZZ next also POST the question EXPLANATION:this TYM MARK me as brainliest answer |
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| 9177. |
लिखित लेन-देनों के लिए हिमांशु की पुस्तकों में रोजनामचा लिखिए : rnalise the following transactions in the books of Himanshu :017 in hindiबर 1 नकद से व्यापार प्रारम्भ किया (Business started with cash)7 नकद माल खरीदा (Purchase goods for cash)9 स्वाती को माल बेचा (Sold goods to Swati)12 फीचर खरीदा (Purchased furniture)18 स्वाती से नकद प्राप्त किया पूर्ण भुगतान के रूप में (Cash received from Swati in full settlement)25 किराया दिया (Paid Rent)30 वेतन दिया (Paid Salary)- Total of Journal₹ 1,00,500] ]75,00010,0005,0003,0004,0001,0001,500(N.C.E.R.T. |
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Answer» लिखित लेन-देनों के लिए हिमांशु की पुस्तकों में रोजनामचा लिखिए :rnalise the following transactions in the books of HIMANSHU :017 in hindiबर 1 नकद से व्यापार प्रारम्भ किया (Business started with cash)7 नकद माल खरीदा (Purchase goods for cash)9 स्वाती को माल बेचा (Sold goods to Swati)12 फीचर खरीदा (Purchased furniture)18 स्वाती से नकद प्राप्त किया पूर्ण भुगतान के रूप में (Cash RECEIVED from Swati in full settlement)25 किराया दिया (Paid Rent)30 वेतन दिया (Paid Salary)- TOTAL of Journal₹ 1,00,500] ]75,00010,0005,0003,0004,000mark as brainlist plz |
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| 9178. |
Prepare receipt n payment acc |
| Answer» SORRY I have NOTHING to ANSWER your QUESTION!!!!!!!!!!!!!!! | |
| 9179. |
Cost of Machinery : ₹ 10,00,000 Installation Charges : ₹ 1,00,000Market value on 31.3.2019: ₹ 12,00,000While finalizing the accounts, if the company values the machinery at ₹ 12,00,000. Which concept is violated by the company? |
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Answer» historical cost CONCEPT (take whichever is LOWEST MV>cost)Explanation: |
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| 9180. |
11. Enter the following transactions in the petty cash book 2020 JunePetty Cashier is given a weekly imprest amount ofJune 2 paid for wagesJune2 paid for stationeryJune 3 paid for courier chargesJune 4paid for taxi fareJune 4 paid for entertainmentJune 5 paid for refreshment for employeesJune 6 paid for cartageJune6 paid for carriageJune 7 paid for postageRs.4,00Rs.300Rs.200Rs.200Rs.500Rs.600Rs.400Rs.300Rs.400Rs.200ऑल ट्रांजैक्शंस |
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Answer» Enter the FOLLOWING transactions in the petty cash book 2020JunePetty CASHIER is given a weekly imprest amount ofJune 2 paid for wagesJune2 paid for stationeryJune 3 paid for courier chargesJune 4paid for TAXI fareJune 4 paid for entertainmentJune 5 paid for REFRESHMENT for employeesJune 6 paid for cartageJune6 paid for carriageJune 7 paid for postageRs.4,00Rs.300Rs.200Rs.200Rs.500Rs.600Rs.400Rs.300Rs.400Rs.200ऑल ट्रांजैक्शंस |
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| 9181. |
Question No: 02 Multiple Choice ( Select 1 out of 4 options, for the question belowAn ecological footprint isOptionsO The amount of biologically productive land & water needed to support each personA measure of the earth's biological capacO The amount of wilderness available on the earthO A measure of a person's contribution to creating a sustainable environment |
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Answer» A) The AMOUNT of biologically productive KAND and WATER NEEDED to support each person |
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| 9182. |
Punjigat prakriti ki sabhi praptiya dikhai jaati hai kis mein |
| Answer» SORRY I didn't KNOW what is this the ANSWER | |
| 9183. |
prepare the accounting equation on the basis of the following transaction: started business with cash 80,000. Rent received 1,000. prepaid Insurance 1,200. salary paid 1,500. |
| Answer» 1) CAPITAL a/c .....Dr Rs 80000 To Cash A/C Rs 80000(Being capital introduced)2) Cash A/c........Dr Rs 1000 To Rent a/c Rs 1000(Being Rent Recived)3) Insurance A/c .....Dr Rs 1200 To Cash a/c Rs 1200(Being prepaid Insurance paid)4) Salary A/c ...Dr Rs 1500 To Cash A/c Rs 1500( Being Salary paid) | |
| 9184. |
Prepare Return Inward and Return Outward Books from the following in the books of Modern Shoes, Kolkata (West Bengal) assuming CGST @ 6% and SGST @ 6% :- 2018 Jan. 3 Returned to Bata Shoes Co., Kolkata 50, pair chapals being not up to approve |
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Answer» MYN2TBUCK jgqvsyvdibaysbjzugwibw8y28113uoqffw |
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| 9185. |
14.Journalise the following transaction in the book of Bros:: (a) Rs 1,000 due from Rohit are now bad debts.(b) Goods worth Rs. 2,000 were used by the proprietor.c) Charge depreciation @ 10% p.a for two month on machine costingRs.30,000.(d) Provide interest on capital of Rs. 1,50,000 at 6% p.a. for 9 months(e) Rahul become insolvent, who owed is Rs. 2,000 a final dividend60 paise in a rupee is received from his estate. |
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Answer» 50 point QUESTIONER plz follow me to GET NOTIFIED when i asl QUESTIONS |
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| 9186. |
According which accounting convention 'stationary' are written off within a year. 1.convention of disclosure. 2.conventio of cosistency . 3.convention of conservatism.4.convention of materiality |
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Answer» 4)materialityExplanation:for most company stationery is not an ASSET but an expensebut for PHOTOCOPY co LIKE xerox it is an asset 'material' |
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| 9187. |
9. Prepare the accounting equations on the basis of the following transactions : ₹(i) Started business with cash80,000(ii) Rent received1,000(iii) Prepaid Insurance1.200(iv) Salary paid1.500 |
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Answer» tion:i don't KNOW what to do with the question sorryyyyyyyyyyyyy is going to be a little BIT more supermarket WORKERS than you ..........$ |
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| 9188. |
Trure or false:Creditor is not a long term liability |
| Answer» TRUEEXPLANATION:MARK me as BRAINLIST PLEASEEEEEEE | |
| 9189. |
Yu, A firm may hold stock which is heavily in demand. Consequently, the mary,value of this stock may be increased. Normal accounting procedure is to ignothis because of the |
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Answer» Gain is RIGHT ANSWEREXPLANATION:Because customers WOULD heavy demand |
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| 9190. |
According which accounting convention 'stationary' are written off within a year |
| Answer» PERIODICITY CONVENTION. | |
| 9191. |
What is perfectly elastic demand? Explain with the help of an example and diagram |
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Answer» In perfectly elastic demand, a SMALL rise in PRICE results in FALL in demand to zero, while a small fall in price causes increase in demand to infinity. In such a case, the demand is perfectly elastic or ep = 00. ADVERTISEMENTS: The degree of ELASTICITY of demand helps in defining the shape and slope of a demand curve.Explanation:PLEASE follow me |
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| 9193. |
4 which of the following is a real account 1.Rent A/C2. Loan A/c3.Rama's A/c4. Investment. A/c |
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Answer» investmentExplanation:INVESTMENT ACCOUNT is GOOD |
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| 9194. |
Journalise the following transactions :- A) Rs. 10,000 due from Rohit are now Bad debts. B) Goods worth Rs. 20,000 were taken by owner for his personal use. C) Charge depreciation @10% for two months on machine costing Rs. 3,00,000. D) Provide Interest on Capital of Rs. 15,00,000 @ 6% p.a. E) Rahul who owed us Rs. 20,000 become insolvent and a final dividend of 60 paisa in a rupee is received from his personal property. F) Goods costing Rs. 80,000 sold to Mohan for Rs. 1,00,000 |
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Answer» Bhai PATA nhi but thanks KAR do please brotherExplanation:HEY U GO AND STUDY WHY ARE U ASKING QUESTION HERE AND THER |
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| 9196. |
In a Financial year, Vinod had total sales of Rs.7, 40,000, out of which Rs.5, 60,000 were received in cash. The total expenses paid by him were Rs. 3, 80,000, out of which Rs.30, 000 belongs to next year and Rs.10, 000 are still outstanding. Determine Vinod’s Income for the year as per : i. Cash Basis of Accounting.ii. Accrual Basis of Accounting. |
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Answer» usoof rajha akadami PURASKAR PRADAN KELA janar AAHE yachi khatri hoti KI |
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| 9198. |
Objecuves or having Accounting standards?B] What are theinformational needs ofManagent?C] Mr. Jaspal Singh dealing |
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Answer» Course objectiveThe Certificate in IFRS course is designed AROUND the syllabus of the ACCA’s “Diploma In IFRS” course, the objective of which is to take participants through all the topics covered in the syllabus and help them prepare for the Diploma in IFRS examination conducted by the ACCA.India has converged to IFRS and has issued its own IFRS equivalent accounting standards, referred to as Ind AS. We realise that it is critical for finance professionals to understand the accounting standards in the Ind-AS framework, and the related practical application issues.Accordingly, while covering different IFRS for preparing you to sit for ACCA’s Diploma In IFRS course, we will also cover important differences between IFRS and corresponding IND-AS in every module.Objective of ACCA’s Diploma In IFRSOn completion of the Diploma, candidates should be ABLE to:Understand and explain the structure of the framework of IFRSApply relevant financial reporting standards to key elements of financial reportsIdentify and apply disclosure requirements for companies in financial reports and notesPrepare group financial STATEMENTS (excluding group cash-flow statements) including subsidiaries, ASSOCIATES and joint ventures."Certificate and assessmentEY will award ‘Certificate of Participation’ to participants who have at LEAST 80% attendance in the course. |
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| 9199. |
True or false:event and transaction in chronological order |
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Answer» it is TRUE .............. |
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| 9200. |
ankita ltd offerd for public 10000 eqiuty shares of 10 each at a premium of 12 per share 444includingonall |
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Answer» jdjjdjddjddddeyryhdhddhhfhfhfjfjfjffjfhhrhrjrjdjdjfjwhhdrhfrhdjfhhdhbdfhdhrdhudrhydrhrhrdhdjfbrbhrdhfnfhehdhdhrjnddbhsxhhhyhyjujfrirjiuryeheh yeh yyeusydyse yeyswysyeye ry uehydggey is really dyhfhdhudydyyhhytgdydbvgrbybydyhrhfyhryetgysggggtgtgt rffgv you u is a pig and have a good night and have to be there by MD ZOHAYR KHAN is a great idea and my FLAG football game and I will check with the boss and he said that Safia TUMHARE bhejne is fxyhduvufyfydgfgdgftt for CHF fbtjrufc gfttefg gugfddeasssssssssssjhhhhhhiiiiiillllleeeeddddds bhhjjjhhhffhhfhfhf ruyrryryu is a pig and have a great day and I will be there at 4 5 lesson on FRIDAY so I am King of Prussia and I have a really dyhfhdhudydyyhhytgdydbvgrbybydyhrhfyhryetgysggggtgtgt is a pig and the rest is history of this week and next and my work and I have to go to the GYM and I am not sure if I can MAKE it to the office and have to be at work by the time I got home and I have to be at the airport now waiting GG and have a great day and I will be there at 4 5 lesson onsddd hdhdhghrhdhfhfhfjrjfjjrr is a pig and have a great day and I will be there at work yuhgtrr is a yggggtjtututu and my mom is a good time to fyyffyfyyfyr and have a tyftfty is really |
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