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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.
| 9401. |
Right Issue generally made at a price lower that ........ value of shares |
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Answer» aaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa |
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| 9402. |
Please solve as soon as possible. please don't give useless ans. |
| Answer» PLEASE SOLVE as soon as POSSIBLE. please don't GIVE useless ans.Explanation:ok | |
| 9403. |
Increase in an asset account is recorded on its debit side. Give reason |
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Answer» here is your ANSWER PLZ MARK me as brainliest and follow MEE..... |
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| 9404. |
.A AND B ARE PARTNERS SHARING PROFITS IN THE RATIO OF 11:4. C WAS ADMITTED . A SURRENDERED 1/11TH OF HIS SHARE AND B 1/4 OF HIS SHARE IN FAVOUR OF C. THE SACRIFICING RATIO WILL BE |
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Answer» 3. bus on GET the now right4. GUITAR can you the PLAY5. fantastic is news this6. Mr. met Jones have neighbour you MY7. name is what your last8. an amazing day what- ________________ 9. sister is my grade in first- _______________ 10. NIGHT out stay don’t at- _________________ |
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| 9406. |
Entre the following transaction in proper subsidiary books of m/s Vineet stores 2020 |
| Answer» FF sfbengegrg rExplanation:SF ssnfaF xefegnegnengeenfsnfenge | |
| 9407. |
Calculqte new profit and loss and sacrificing ratio |
| Answer» NEW and SACRIFICING ratioso,ADMITTED C as a new partner.then,To find sacrificing RATIO:- | |
| 9408. |
ARUNS PAGE NODATEwhich of the following businessunit treated as Seperate anddistinct from itsowhers |
| Answer» SEPARATE BUSINESS ENTITY conceptExplanation: | |
| 9409. |
Arun and Barun are partner in a firm sharing profit and loss equally . their capital an 1 April 2015 were RS. 480000 and 540000 on 1 October 2015 they decided that capital of ferm should be RS. 1000000 to contributed to equally by both of them. According to this partnership deed intrest on capitalis is allowed to be [email protected]%p.a |
| Answer» | |
| 9411. |
Withdrewcath1 Propriten2. Bought goodsfor personal use itsfacom Mangi£ 5ooo |
| Answer» 1)PROPRIETARY. ....................... | |
| 9412. |
Ajay, Vijay and Sanjay are partners in the ratio of 3:2:1. On 1st April 2020, they decided to share the profit equally. On that date general reserve was Rs. 36,000 and goodwill was valued at Rs. 60,000 . pass necessary journal entries. |
| Answer» EVERYONE will GET 20000 RUPEE | |
| 9413. |
On Dissolution of firm, out of the proceeds received from the sale of assets -------- will be paid first.(a) Partners’ capital A/c (b) Partners Loan to firm A/c(c) Partners additional capital (d) Outside Creditors |
| Answer» CORRECT ANSWER is ( A )EXPLANATION:HOPE it HELPS you | |
| 9414. |
Accounting standard is applicable to ____________ |
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Answer» the ANSWER is correct PLEASE MARK brainliest and follow me......... |
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| 9416. |
And B are partners sharing profits in the ratio of 3:2. On 1st April, 2019, their Balance Sheet was as follows:Liabilities ₹ Assets ₹Sundry Creditors 51,000 Goodwill 15,000Workmen Compensation Fund4,000 Plant 75,000Capitals:A: 1,10,000B: 1,20,000 2,20,000Patent 8,000Stock 80,000Debtors 62,000cash 20,000Profit and Loss A/c 15,000275,000 2,75,000On this date they admitted C on the following terms:i) C will get 3/10th share in profits which he acquires 1/5th from A and 1/10 from B, he will bring in ₹20,000 as his capital.ii) Goodwill of the firm be valued at ₹40,000.iii) Plant is valued at ₹60,000 and Stock 70,000iv) Claim over workmen compensation is ₹6,000v) Patents should be written off.vi) Investments of Rs.5,000 which did not appear in books of account should be duly recorded.vii) B is to withdraw ₹20,000 in cash for persona use.Prepare Revaluation |
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Answer» Please mark me in brain listExplanation:(i) JOURNAL 1. Cash a/c... Dr. 10500 To C's Capital a/c 7500 To Premium for goodwill a/c 3000 (Being capital and premium for goodwill brought in by C) 2. Premium for goodwill a/c... Dr. 3000 To A's Capital a/c 2000 To B's Capital a/c 1000 (Being premium for goodwill distributed among the partners in the ratio of 2:1) 3. Building a/c... Dr. 2500 To Revaluation a/c 2500 (Being increase in asset TRANSFERRED to revaluation account) 4. Revaluation a/c.... Dr. 1750 To Plant and Machinery a/c 875 To Stock a/c 500 To Provision for doubtful debts a/c 375 (Being decrease in assets and increase in liabilities transferred to revaluation account) 5. Revaluation a/c... Dr. 750 To A's Capital a/c 500 To B's Capital a/c 250 (Being profit on revaluation transferred to the partner's capital accounts) (ii) REVALUATION A/C Dr. Cr. Particulars Amount (in RS.) Particulars Amount (in Rs.) To Stock a/c 500 By Building a/c 2500 To Plant and Machinery a/c 875 To Provision for doubtful debts a/c 375 To Profit transferred to - A's Capital a/c - B's Capital a/c 500 250 TOTAL 2500 TOTAL 2500 (iii) PARTNER'S CAPITAL A/C Particulars A B C Particulars A B C By Balance b/d 15000 10000 - By Cash a/c - - 7500 To Balance c/d 17500 11250 7500 By Premium for goodwill a/c 2000 1000 - By Revaluation a/c 500 250 - (iv) BALANCE SHEET (after ADMISSION of C) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Building (25000+2500) 27500 Capital - A - B - C 17500 11250 7500 Plant and Machinery (17500-875) 16625 Sundry Creditors 32950 Stock (10000-500) 9500 Debtors 4850 -- Provision for Doubtful debts (375) 4475 Cash (600+10500) 11100 TOTAL 69200 TOTAL 69200 |
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| 9417. |
aba,baba and daba formed partnership at will.baba serves notice for retirement from the date of motice partnership comes to an end after _____days |
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Answer» 3 daysExplanation:A retired partner continues to be LIABLE to the third PARTY for acts of the firm TILL such time that he or other members of the firm GIVE a PUBLIC notice of his retirement. ... The retired partner, however, continues to be liable for acts of the firm done before such retirement of a partner. |
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| 9418. |
The primary objective of ---- is the allocation of contract revenue and contract cost |
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| 9419. |
A and B are partners sharing profits in the ratio of 3:2. On 1st April, 2019, their Balance Sheet was as follows:Liabilities ₹ Assets ₹Sundry Creditors 51,000 Goodwill 15,000Workmen Compensation Fund4,000 Plant 75,000Capitals:A: 1,10,000B: 1,20,000 2,20,000Patent 8,000Stock 80,000Debtors 62,000cash 20,000Profit and Loss A/c 15,000275,000 2,75,000On this date they admitted C on the following terms:i) C will get 3/10th share in profits which he acquires 1/5th from A and 1/10 from B, he will bring in ₹20,000 as his capital.ii) Goodwill of the firm be valued at ₹40,000.iii) Plant is valued at ₹60,000 and Stock 70,000iv) Claim over workmen compensation is ₹6,000v) Patents should be written off.vi) Investments of Rs.5,000 which did not appear in books of account should be duly recorded.vii) B is to withdraw ₹20,000 in cash for persona use.Prepare Revaluation |
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Answer» Given :-75% of total 1500 are boys.⅓ are boysAnd No. of girls = 40%To find :-Total studentsSolution :-No. of boys :-75% of 150075/100 × 150075 × 151125 boysNow,Numbers of girls = 1500 - 1125=> 375Total spectacles =>⅓ × 1125375In girls40/100 × 3754/10 × 375150Total students that WEAR spectacles = 150 + 375 = 525\begin{gathered} \\ \end{gathered} |
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| 9420. |
On Dissolution of firm, out of the proceeds received from the sale of assets -------- will be paid first. |
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Answer» The proceeds from the sale of assets ALONG with the contribution of the partners at the time of dissolution of the firm are first used up to PAY off the external liabilities, i.e., the creditors, bank LOANS, bank OVERDRAFTS, bills payable etc.Explanation:Please mark as brainliest please |
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| 9422. |
The fcactors to be taken while drafcting a report |
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Answer» Know your purpose. This is the major AIM: the REASON you're writing the report in the first place. ...Know your readers. Before you START writing your report, consider its audience. ...Know your objective. ...Choose an approach. ...Decide on structure. ...Use the right style. ...Consider LAYOUT. ...Leave TIME to refine. |
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| 9423. |
एक निविदा का अनुमानित लागत मूल्य ₹2,00,000 है। यदि निविदा मूल्य पर 25% लाभ चाहें तो निविदा मूल्य होगा- The estimated cost price of a tender is ₹2,00,000. What will be the tender price of the profit is added 25% on tender price : (a) ₹2,00,000(b)₹25.000 (c) ₹1,00,000 (d)₹2.67.667. |
| Answer» INTEREST = 2,00,000 X 25/100 = 50,000Tender PRICE = 2,00,000 + 50,000 = 2,50,000 | |
| 9424. |
Q.30 Prepare an Accounting Equation on the basis of the following transactions: (i) Started business with cash Rs 70,000. (ii) Credit purchase of goods Rs 18,000. (iii) Payment made to creditors in full settlement Rs 17,500. (iv) Purchase of machinery for cash Rs 20,000. (v) Depreciation on machinery Rs 2,000. |
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Answer» lhlhxkhxkgxgoogxogxgxogxxogxgoxogxog ogogxgldogxt |
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| 9425. |
Which one of the following reports can be given for a special purposes? a.interim reportb. partial reportc.adverse reportd. final report |
| Answer» FINAL reporttttttttttttttttttttttt | |
| 9426. |
Ushat is Market Describes its types, |
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Answer» l Markets - PHYSICAL MARKET is a set up where buyers can physically meet the sellers and purchase the desired MERCHANDISE from them in exchange of MONEY. Financial Market - Market dealing with the exchange of liquid assets (money) is called a financial market. ... |
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| 9427. |
Why not you should answer me and i will mark you brainlist |
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| 9428. |
A cheque issued to Sri B. Boss for ₹ 250 was replaced when out of date. It was entered again the cash book no other entry being made. Both cheques were included in the total of unpresented cheques shown above. |
| Answer» TION:SORRY I don't KNOW this but please make me as BRAINLIEST | |
| 9429. |
Veena and Varma are partners sharing profits and losses in the ratio 2:3. They admit Malu for 2/5 share which she acquired equally from Veena and Varma. Calculate the new ratio and sacrificing ratio. a)1:2:2 and 1:1. b)1:1 and 2:3. c)3:2 and 1:1. d)None of these. |
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Answer» The correct answer is (a) 1:2:2 and 1:1Explanation:if malu is taking 2/5th share equally from both of EXISTING partners then each of them would be sacrificing:-2/5 WHOLE divided by 2 = 2/10so they both are sacrificing 2/10 that mean they are sacrificing equally or in 1:1 DEDUCT their SACRIFICE from their existing ratio and make denominators equal you will get 2:4:4 i.e 1:2:2 hope it HELPED! |
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| 9430. |
From the following data, calculate the tax payable by Mr. Sohail Aslam for the year ended 30th June. 2019; a) Salary Rs. 195,000/- p.m b) Special Pay Rs. 25,000/- p.m c) Bonus for the year Rs. 585,000/- d) Conveyance allowance Rs. 15,000/- p.m e)Free accommodation provided by the employer. He was entitled to a house allowance of Rs. 420,000/- F)Medical expenses reimbursed by his employer under the contract of employment Rs. 24,600/- G) Zakat paid under Zakat Ordinance during the year Rs. 48,000/- h) Donation to approved charitable institutions under section 61 Rs. 500,000/- I)Legal expenses during the year Rs. 30,000/- j)Amount paid for approved pension scheme during the year Rs. (90,000/- k) Shares of listed companies Purchased Rs. 1000,000 |
| Answer» | |
| 9431. |
WHAT IS LIABILITY?WHAT IS NON CURRENT LIABILITY AND CURRENT LIABILITY? |
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Answer» Difference between CURRENT and noncurrent LIABILITIES:Current liabilities are those liabilities which are to be settled within one FINANCIAL YEAR. Noncurrent liabilities are those liabilities which are not LIKELY to be settled within one financial year. |
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| 9432. |
Paid Rs 20000 for wages including advance wages of Rs 2000.Required: accounting equation |
| Answer» AR ERROR do so do do to | |
| 9433. |
P and Q are ratio in 3:2 ratio . They agreed to admit R for 1/4 share . He paid Rs 30,000 for capital , however for goodwill he gave stock Ra 10,000 and furniture Rs 5000 . Show entries in journal |
| Answer» | |
| 9434. |
Answer for both mcqs please choose one each answer for each question from 4 options |
| Answer» | |
| 9435. |
А Q25. At what value is stock stated in a company's Balance Sheet? *cost price *net realisable value *the greater of net realisable value or cost price *the lower of net realisable value or cost price What’s the answer from above 4 options and why is that’s so do explain please |
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Answer» is the lower value of NET realisable value or cost price.because we do not anticipate profits but RECORDS all expected losses.topic: principles of accountinghope this will HELP you |
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| 9437. |
Prepare accounting equation for the above transactions 12. Journalise the following transactions:- 6 marks i) Goods damaged by fire 2000 and insurance company admitted a claim of 1500. |
| Answer» GOOD morningplz MARK as BRILLIANT | |
| 9438. |
Money market funds usually yield better returns than saving accounts but lower than bank fixed deposits. a) True B) False |
| Answer» FALSE X,noooo | |
| 9439. |
Raj purchase Rakesh business on 1st April 2020. Profit shown by Raj business for the last three year ended 31st March were: 2018 Rs. 1,00,000 (including an abnormal gain of Rs.12,500). 2019 Rs.1,25,000 ( after charging and abnormal loss of Rs.25,000). 2020 Rs.1,12,500 (excluding Rs.12,500 as insurance premium on firm’s property now to be insured) calculate the value of firm’s goodwill on the basis of 2 year’s purchase of the average profit of the last three years. |
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Answer» n ; purchase Rakesh business on 1ST April 2020. Profit shown by Raj business for the last three year ended 31st March were: 2018 Rs. 1,00,000 (INCLUDING an abnormal gain of Rs.12,500). 2019 Rs.1,25,000 ( after charging and abnormal loss of Rs.25,000). 2020 Rs.1,12,500 (excluding Rs.12,500 as insurance PREMIUM on firm’s property now to be insured) calculate the value of firm’s goodwill on the basis of 2 year’s purchase of the average profit of the last three years. |
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| 9440. |
A client annual premium is $ 12000 and the policy date is 04/01/2015 -04/01/2016 thr client make 20% down and pay the rest in 9 equal payments plus a $30 monthly fee the client wants to cancel his policy 10/18/2015 he is have made so far 6 monthly payments how much will his refund is____? |
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Answer» okkklkkkkkkkkkkkkkkkkkkkkkkkk |
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| 9441. |
Which 4 statements are correct regarding the QuickBooks Online Receipt Capture feature? The Receipt Capture feature uses Optical Character Recognition (OCR) technology to read and transform receipt data to QuickBooks Online If QuickBooks Online finds an expense already entered in QuickBooks Online, it will suggest that you match the receipt to the existing transaction You can snap a picture of a receipt, then review, match, or add it directly from the QuickBooks Mobile app QuickBooks Online will fill in the fields it can for the expense using the OCR data You can assign a payee, account, payment date, category, description, amount, and memo to the expense transaction in the Review screen You can only have one sender email registered to forward receipts in each company |
| Answer» | |
| 9442. |
Calculate Median from the following data : Wages (Rs.) 0-10 10-20 20-30 30-40 40-50 50-60 60-70 No. of Employees 6 9 10 16 12 8 7 |
| Answer» MEDIAN is 60Explanation:no EXPLANATION | |
| 9443. |
45. Subscription received during 2018-19 was $5,00,000 and subscription credited to Income & Expenditure Account was 5,10,000. Find out thesubscription outstanding as at 31st March 2019 on the basis of the following:31-3-2018 31-3-20197,000 8,00020,000 ?Subscription Received in AdvanceSubscription Outstanding(a) 9,000 ( b)11,000(c) 29,000 (d)31,000 |
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Answer» 00000000000000000000000000000000000000 |
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| 9444. |
What are the objectives of public sector institutions? |
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Answer» Some of the important OBJECTIVES are removal of poverty, attainment of self-reliance, REDUCTION in income INEQUALITIES, expansion bf employment opportunities, removal of regional imbalances, ACCELERATION of eonomic DEVELOPMENT and reduction of concentration of economic power. |
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| 9445. |
a) Estimate their requirement for additional life insurance using the income method and the expense method. Recommend how much additional insurance they need and what kind they need. Use a discount rate of 3% and assume all the expenses and income are constant |
| Answer» HI I don't KNOW this SORRY | |
| 9446. |
C will bring 1, 25,000 as his share of goodwill and 48,000 as his share of goodwill in cash. Old partners will withdraw 60% of goodwill immediately. |
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Answer» yesExplanation:what we have to do here is to FIND out? |
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| 9447. |
03. Classify the following under Traditional approach of accountiviru (1) Cash (11) Loan () Investments in Capital ( Commission received (vi) Bank vin) Rent (viii) Lions club |
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Answer» T.s. Grewal (2018) Solutions for Class 11 Commerce Accountancy Chapter 3 Accounting Procedures Rules Of Debit And Credit are PROVIDED here with SIMPLE step-by-step explanations. These solutions for Accounting Procedures Rules Of Debit And Credit are extremely popular among Class 11 Commerce students for Accountancy Accounting Procedures Rules Of Debit And Credit Solutions come HANDY for QUICKLY completing your homework and preparing for exams. All questions and answers from the T.s. Grewal (2018) Book |
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| 9448. |
What is social responsibility accounting? kya tum online ho? |
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Answer» rocess of COMMUNICATING to ENVIRONMENT ETC. HOPE it helps YOUMARK me as braisilist |
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| 9449. |
Capital is a) Internal Liabilityb) External Publicityc) Internal as well as external both d) none of these |
| Answer» MAY be OPTION B is CORRECT =(±_±( | |
| 9450. |
What do you know about process of accounting? explain properly about process of accounting |
| Answer» PLEASE SENT me as BRAINLIST please | |