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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.
| 9451. |
On 1st January 2019, a partner advanced a loan of Rs.1,00,000 to the firm. In the absence of agreement, interest on loan on 31st March,2019 will be: |
| Answer» MUJHE KYA ptaExplanation:HA ha ha ha ha ha ha | |
| 9452. |
Explain the slip system of book keeping. What are it's advantages and disadvantages? |
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Answer» The main advantages of the SLIP SYSTEM are: (1) The bank saves a LOT of clerical LABOUR as most of the slips are filled in by its customers. (2) Subsidiary books are avoided as posting is done from slips. . |
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| 9454. |
50 rupee the 20 kharch hue to 30 reh gy 15 kharch hue tu 15 reh gy 9 kharch hue to 6 reh gy 6 kharch hue to 0 dono side ka amount total kren tu ek 50 or dosra 51 kese.. |
| Answer» TION:There is no MATHEMATIC rule that states that the sum of expenditure needs to be equal to the sum of balance. In fact, it is IMPOSSIBLE for the expenditure to be equal to the balance in most CASES. Hence,balance and expenditure do not need to be equal. | |
| 9455. |
કાર્યાત્મક સંશોધન એટલે શું ? |
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Answer» I didn't UNDERSTAND what U WRITE |
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| 9456. |
Page No. Date the amonght . The next nel profit of firm for 8184 March 2017 was 280,00 which has been duly it third partners A, B and C in their agreed proportions of 3.111 xespectives discovered 10th April, 2012 that the undermen undermentioned transaction was passed through the books of account or ended 31st March 2017, which stood duly closed on that It was the the 1 date |
| Answer» PARTNERSHIP and U are not the WORLD of the world of the world of the world of the world of the world of the world of the world of the world | |
| 9457. |
Company's share capital is $ 11,00.000 divided into shares of ₹ 10 each. Of these, 40,000 shares are 8% preference shares and remaining are equity shares. The average profit after tax @ 50%) earmed during the past three years was * 1,50,000. in future, expenses will increase by 12,000 p.a. The normal rate of return is 10%. Find out the value of Equity share. |
| Answer» FREE RCC TDD tttfcccyy GCC | |
| 9458. |
Provide 10% depreciation on Furniture costing 1,00,000, I need journal of this question |
| Answer» DEPRECIATION account/ depreciation EXPENSES account debited 10,000 To FURNITURE account 10,000 (being 10% depreciation charged on furniture costing rs.1,00,000) (hope my ANSWER was helpful to you. please mark me the brainliest, I'll be very GRATEFUL!) | |
| 9459. |
Integrated digital channels in bank system |
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Answer» The DIGITAL-only bank PROVIDES end-to-end services through digital platforms LIKE mobile, tablets and internet. ... In India, digital banking is built on Aadhaar structure. The digital banks offer several services like account opening, term deposits, loans as well as FINANCIAL products like insurance and mutual fund. |
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| 9460. |
What is meant by reliability in accountancy??? Class XI |
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Answer» Realibility is an ESSENTIAL CHARACTERISTICS for ACCOUNTING INFORMATION to br useful for MAKING decision .. |
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| 9462. |
6. Following are the transaction of Amar Ltd. Post them into the 'T Shape' ledger of Rakesh. Feb 1 Rakesh purchased goods of Rs.5000 Feb 3 Rakesh sold goods of Rs.30000 to Amar Feb 8 Rakesh paid cash of Rs.2000 Feb 10 He returned goods of Rs.2000 purchased by him |
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Answer» tion:FILL in the blanks with the correct form of the verbs given in brackets. 1. She ………………….. (go) to her office with a friend. 2. Why you ………………….. (like) movies? 3. My friend ………………….. (visit) his grandmother every day. 4. (do) RITESH ………………….. (love) the cold WEATHER? 5. …………………. (do) you ………………….. (plan) to visit Kashmir this year? 6. We always ………………….. (have) an early dinner. 7. His parents ………………….. (plan) a trip abroad every six months. 8. Our doctor in the neighbourhood ………………….. (make) a lot of money. 9. I ………………….. (help) my mother sometimes. 10. Sheetal ………………….. (come) here every Sunday. 11. We ………………….. (eat) rice for dinner every day. 12. He never ………………….. (hide) the truth. 13. Make hay while the sun ………………….. (shine) 14. Apples ………………….. (be) good for health. 15. The dogs ………………….. (bark) every night. 16. You ………………….. (use) the phone every day.✌️ ItzMissKhushi ✌️ |
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| 9463. |
The total profit on a contract for ` 3,00,000 is ` 60,000 and the contract is 60% complete and has been certified accordingly. The retention money is 20% of the certified value, then the amount of profit that can be prudently credited to Profit and Loss Accounta) ` 60,000b) ` 36,000c) ` 28,800d) ` 48,000 |
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Answer» 48,000 and a few days and my❤ heart and SOUL is the most important GOING ANYWHERE until |
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| 9464. |
Sales to. Roy 10000 was not recorded in the sales journal |
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Answer» fgjkdcbkitfjkihgccbmgxmjxnkhrf NAHI |
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| 9465. |
Draft Journal entries necessary for rectifying the above mistakes and prepare the Suspense Account. |
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Answer» Draft JOURNAL ENTRIES NECESSARY for rectifying the above mistakes and prepare the SUSPENSE Account.Explanation:sooey |
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| 9466. |
7. The present value of `1,000 to be received after one year at the rate of 8% per annum is `926, if discounted half yearly, the present value would be : |
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Answer» Natural resources are resources that exist without any actions of humankind. This INCLUDES the sources of valued CHARACTERISTICS such as commercial and INDUSTRIAL use, aesthetic value, scientific interest and CULTURAL value. Hope the answer helps you. Be brainly ツ |
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| 9467. |
You are required to prepare a flexible budget for the production at 80 percent and 100 percent activity on the basis of the following information: Production at 50% capacity. 5000 unitsraw materials. rs. 80 per unitsdirect labour. rs. 50 per unitsdirect expenses. rs. 15 per unitsfactory expenses rs. 50000(50% fixed)administrative expenses rs. 60000(60% variable). |
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| 9468. |
Capital fund(General fund) definition??? |
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Answer» Related DefinitionsGeneral Fund MEANS a Trust Fund maintained by the Trustee as required to hold and administer any assets of the Trust that are not ALLOCATED AMONG any SEPARATE Investment Funds as MAY be provided in the Plan or the Trust Agreement. |
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| 9469. |
Government grants?? this is a question oly r mad as if l asked unwanted ur telling |
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Answer» A government grant is a FINANCIAL award given by a federal, state, or local government AUTHORITY for a beneficial project. It is effectively a transfer payment. A grant does not include technical ASSISTANCE or other financial assistance, such as a LOAN or loan guarantee, an interest rate subsidy, direct appropriation, or revenue sharing. The grantee is not expected to repay the money but is expected to use the funds from the grant for their stated purpose, which typically SERVES some larger good. |
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| 9470. |
Balance Sheet of P,Q and who share profits in the ratio of 2:2:1 as at 31st March, 2016 is: Assets ₹ Liabilities Capital A'cs P 9 R General Reserve Creditors Bills Payable Land 2,40,000 Building 2,00,000 Plant 1,60,000 6,00,000 Stock 48,000 Debtors 55,000 Cash 17,000 7,20,000 2,00,000 80,000 1,60,000 2,10,000 60,000 10,000 7,20,000 From 1st April, 2016 the partners decided to share the profits equally. For this purpose, the following adjustments were agreed upon a The Goodwill of the firm should be valued at 60,000. b. Land should be valued at 23,00,000 and Building and Plant should be depreciated by 5%. Stock be valued at 2,25,000. c. Creditors amounted to 12,000 were not likely to be claimed and hence should be written oft. You are required to: 1.record necessary Journal entries to give effect to the above agreement without opening the Revaluation Account: li prepare Capital Accounts of the Partners and iii. prepare Balance Sheet of the firm after reconstitution. |
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| 9471. |
the total capital of the firm is to be the same as before retirement. individual capital be in their profit sharing ratio 3:2 , capital is 300000:200000 |
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Answer» PROFIT AND LOSS APPROPRIATION ACCOUNTPROFIT AND LOSS APPROPRIATION ACCOUNT Particulars Amount Particulars AmountPROFIT AND LOSS APPROPRIATION ACCOUNT Particulars Amount Particulars Amount To INTEREST on capital PROFIT AND LOSS APPROPRIATION ACCOUNT Particulars Amount Particulars Amount To Interest on capital X= 50,000PROFIT AND LOSS APPROPRIATION ACCOUNT Particulars Amount Particulars Amount To Interest on capital X= 50,000To SalaryPROFIT AND LOSS APPROPRIATION ACCOUNT Particulars Amount Particulars Amount To Interest on capital X= 50,000To SalaryY= 30,000 80,000 By NET profit 80,000PROFIT AND LOSS APPROPRIATION ACCOUNT Particulars Amount Particulars Amount To Interest on capital X= 50,000To SalaryY= 30,000 80,000 By net profit 80,000 Total 80,000 Total 80,000PROFIT AND LOSS APPROPRIATION ACCOUNT Particulars Amount Particulars Amount To Interest on capital X= 50,000To SalaryY= 30,000 80,000 By net profit 80,000 Total 80,000 Total 80,000Interest on X's capital = 20,00,000*8%=1,60,000PROFIT AND LOSS APPROPRIATION ACCOUNT Particulars Amount Particulars Amount To Interest on capital X= 50,000To SalaryY= 30,000 80,000 By net profit 80,000 Total 80,000 Total 80,000Interest on X's capital = 20,00,000*8%=1,60,000Salary to Y = 8000*12 = 96,000PROFIT AND LOSS APPROPRIATION ACCOUNT Particulars Amount Particulars Amount To Interest on capital X= 50,000To SalaryY= 30,000 80,000 By net profit 80,000 Total 80,000 Total 80,000Interest on X's capital = 20,00,000*8%=1,60,000Salary to Y = 8000*12 = 96,000Total = 2,56,000PROFIT AND LOSS APPROPRIATION ACCOUNT Particulars Amount Particulars Amount To Interest on capital X= 50,000To SalaryY= 30,000 80,000 By net profit 80,000 Total 80,000 Total 80,000Interest on X's capital = 20,00,000*8%=1,60,000Salary to Y = 8000*12 = 96,000Total = 2,56,000Net profits available is less than the appropriations to be made. So,the appropriations are to be made in the ratio of interest and salary i.e 5:3. |
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| 9472. |
A Ltd forfeited 2,000 shares of Rs.10 each fully called up for non payment of final call of Rs.2 per share. 1200 shares are reissued at Rs.7 per share. What is the amount transferred to Capital reserve. |
| Answer» GOOD AFTERNOON my all FRIENDS ☺️✨⚡❌⚡ | |
| 9473. |
the balancing figure on credit side of income and expenditure account denotes excess of expenses over income true or false |
| Answer» TION:पूरी वैसे उपोषण कोड बताओ | |
| 9474. |
Classification of donations |
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Answer» u In order to MEET these requirements the accounting records must distinguish between distinct TYPES of donation income:SPECIFIC endowmentsGeneral donationsSpecific donations - for revenue purposesSpecific donations - for capital purposesEach of these is CONSIDERED in more detail in Types of Donation for Accounting Purposes. |
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| 9475. |
Q.19. Consider the following data pertaining to M/s. Manohar who constructed a cinema house: Cost of second hand furnitureRs.90,000Cost of repainting the furnitureRs. 10,000Wages paid to employees for fixing the furnitureRs.2,000Fire insurance premiumRs.1,000Calculate the amount debited to furniture account. |
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Answer» onsider the following data pertaining to M/s. Manohar who CONSTRUCTED a CINEMA house:Cost of second hand furnitureRs.90,000Cost of REPAINTING the furnitureRs. 10,000Wages PAID to employees for fixing the furnitureRs.2,000Fire insurance premiumRs.1,000Calculate the amount debited to FURNITURE account.ejekenennddnndndndnsnnsnsndndndndndndnjdjsbsbshsvsbsvdheedmsjbdsjksbdjdvdobdjsbshdejdjdjdndnndbdndbdbdndndndndndjdvdjdndbjwo |
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| 9476. |
A business has earned an average profit of 1,80,000 during the last few years and the normal rate of return in similar type ofbusiness is 10%. Find out the goodwill by capitalisation methodassuming that the firm owns total assets worth 19,50,000including therein a goodwill of 1,50,000 and outside liabilitiesworth 3,00,000.Also show that goodwill amounts to be the same under bothaverage profit basis and super profit basis of capitalisation. |
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Answer» therein" (and any SUBSEQUENT WORDS) was IGNORED because we limit queries to 32 words |
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| 9477. |
if the sports fund is maintained sports expenses will be shown on the debit side of income and expenditure account |
| Answer» YES because SPORTS EXPENSE is of REVENUE NATURE. | |
| 9478. |
The following Trading and Profit and Loss Account of F Ltd. for the year 31‐3‐20XX is given below: Particulars Amount Particulars Amount To Opening Stock 1,52,500 By Sales 10,00,000 To Purchases 6,30,500 By Closing Stock 1,97,000 To Carriage and Freight 4,000 To Wages 10,000 To Gross Profit b/d 4,00,000 11,97,000 11,97,000 To Administration Expenses 2,02,000 By Gross Profit c/d 4,00,000 To Selling & Admin. Expenses 24,000 By Non-Operating Incomes: To Non-Operating Expenses 4,000 Interest on Securities 3,000 To Financial Expenses 14,000 Dividend on Shares 7,500 Net Profit 1,68,000 Profit on Sale of Shares 1,500 4,12,000 4,12,000 Calculate: 1. Gross Profit Ratio 2. Operating Ratio 3. Net Profit Ratio 4. Operating (Net) Profit Ratio 5. Stock Turnover Ratio. |
| Answer» L am so SORRY because l am in class 9 th so l don't know the answer | |
| 9479. |
Say the journal entery cheque 700 recived from c in settelment of debt 750 in retuen dishounered |
| Answer» SEE the attachment with naration...Explanation:RECIVED ENTRY:-Bank 700dist 50 To C 750Dishonour entry:-C 750 To bank 700 To dist 50 | |
| 9480. |
Explain features of corporate entity |
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Answer» A COMPANY NEEDS to be registered under the Companies Act, 2013. Transferability of Shares: Shareholders of a PUBLIC limited company can transfer their shares as per the rules LAID down in the articles of association. |
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| 9481. |
Interest on capital and how to find months on capital |
| Answer» EXAMPLE: Interest on CAPITAL @ 6% p.a. on ₹30,000 for the whole year can be calculated as under: Interest on Capital= (30,000*6*12)/100*12= 1,800 or directly=6% of 30,000 (for full year). Sometimes Opening Capital is to be calculated from Closing capital, for calculating Interest on Capital. | |
| 9482. |
Example for deferred revenue expenditure |
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Answer» ❤_GOOD AFTERNOON PRINCESS_❤Explanation: • In business, Deferred REVENUE Expenditure is an expense which is incurred while accounting PERIOD. ... For example, revenue USED for advertisement is deferred revenue expenditure because it will keep showing its benefits over the period of two to three YEARS. ✌⛄_HOW ARE YOU PRINCESS_⛄✌ |
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| 9483. |
....is the tool in the hands of management |
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| 9485. |
Which is the suitable method for calculation of Interest on drawings, when fixed amount is withdrawn every month? |
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Answer» hen different amounts are withdrawn on different dates,then PRODUCT METHOD of calculating INTEREST on drawings is used.Under this method, amount of each drawing is MULTIPLIED with its time duration. After that all the products are added TOGETHER and interest is CALCULATED on the total of products for a month.Interest on Drawings = Total products*rate of interest*1/12. |
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| 9486. |
Comment upon the features of corporate entity |
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Answer» bsbsbdbdb bsbsbdbdb dbbdbdb |
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| 9487. |
शीतल, मिली एवं सलोनी एक फर्म में बिना समझौता किए, साझेदार हैं। शीतल, मिली तथा सलोनी ने क्रमश: 3,00,000 रु. 2,00,000 रु. तथा 1,00,000 रु. पूँजी के रूप में लगाए। शीतल एवं मिली चाहते हैं कि लाभ को पूँजी के अनुपात में बाँटना चाहिए। सलोनी इससे सहमत नहीं हुई। आप इस झगड़े को कैसे निपटाएँगे ? |
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Answer» hiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii |
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| 9488. |
Received interest 14000 |
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Answer» Explanation: In this CASE INTEREST received is our income.Cash A/c Dr 14,000.00 To Interest received 14,000.00(being interest received in cash)In case interest received from Bank (Bank ALWAYS credit customer account as such entry will beBank A/c Dr 14000.00 To interest A/c (Being interest CREDITED by the Bank) |
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| 9489. |
Difference between the expenditure |
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Answer» The key difference between an expense and an expenditure is that an expense recognizes the consumption of a cost, while an expenditure represents the DISBURSEMENT of FUNDS. ... An expenditure is USUALLY RECOGNIZED either when cash is paid out or a liability is incurred. |
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| 9490. |
Example for capital expenditure |
| Answer» CHASE of fixed assets, such as NEW buildings or business equipment, upgrades to existing FACILITIES, and the acquisition of intangible assets, such as patents.Mark as brainliest answer . Thank you . | |
| 9491. |
Discount received rs% 2,000 |
| Answer» A380 PLANE is most IMPORTANT THING to beExplanation:yesyesyesyesyesyesyes | |
| 9492. |
Growth and spread of multinational operations conducted by the companies is not one of the determinants of the need for international accounting. Select one: True or False explain please |
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Answer» ng management control across borders is crucial for multinational companies (MNCs). Various management control mechanisms serve to align foreign subsidiaries with corporate goals. Management control at MNCs has been subject of numerous studies in the past 25 years, thus highlighting the relevance of the topic. To provide a comprehensive overview of the research field, a systematic literature review including 79 articles from scientific journals has been conducted that outlines various control mechanisms and PRESENTS underlying theories as well as development over time. The DESIGN of management control and management accounting depends on internal factors at headquarters and the subsidiary as well as on external factors like culture or market requirements. The relationship of headquarters with subsidiaries and the INTEGRATION into the HOST country context represent another influence on management control. This PAPER categorizes influencing factors, discusses interactions and limitations of control mechanisms and suggests implications for practice and research along with avenues for future research |
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| 9493. |
4) Q: Calculate COGS , Gress Profit and net profit Opening Stock 10000 Clesing stock 8000 Carriage 3000 Wages 2000 Rent 1000 Salaries 5000 Purchases 40000 Purchase Returns 3000 Net sales 85000 Royalty on sales 5000 |
| Answer» TION:cogs( cost of goods sold)= OPENING stock- CLOSING stock=10,000+3000+2000+1000+5000+40000+3000+85000+5000-8000=146000 | |
| 9494. |
Growth and spread of multinational operations conducted by the companies is not one of the determinants of the need for international accounting. Select one: True or False |
| Answer» | |
| 9495. |
cost is ascertained mainly for_ (1) controling cost (2) Determining cost (3) fixing the selling price (4) for all the purposes mentioned |
| Answer» 3) FIXING the SELLING PRICE | |
| 9496. |
THIS QUSION ANSWER PLS |
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Answer» ttttttttttttttttttttttttttttttttttttt |
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| 9497. |
Pls give me ans of this question |
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Answer» Write the question 1st December 2018 now COUNT how MANY months the money GIVE under STUD |
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| 9498. |
A, B and C are partners sharing profits and losses in the ratio of 3: 2 : 1. D is admitted. The new profit sharing ratio between A, B, C and D will be 3 : 3 : 2 : 2. Goodwill of the firm is valued at ` 3,00,000. Goodwill already appears in the books at ` 6,000. D brings his share of firm’s goodwill in cash. The amount of goodwill is withdrawn by the concerned partners to the extent of 30% of what is credited to them. Give the journal entries relating to adjustment of goodwill |
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Answer» A's old share= 2/5B's old share= 2/5C's old share= 1/5D is admitted for 1/6th share. C will RETAIN his ORIGINAL share. Hence, remaining share= 1- [1/6] - [1/5] = 19/30This remaining share will be shared by A and B in their old RATIO, i.e, 2:2A's new share= 2/4 * 19/30 = 38/120B's new share= 2/4 * 19/30 = 38/120New Profit SHARING ratio= 38:38:24:20 = 19:19:12:10Sacrificing ratio= old ratio- new ratioA's sacrifice= 2/5- 19/60 = 5/60B's sacrifice= 2/5- 19/60 = 5/60Sacrificing ratio= 5:5= 1:1[Note: since nothing is mentioned, we assume that only A and B have sacrificed since C retains his old share] |
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| 9499. |
What is the duration of a bond whose coupon rate is 7% and has a maturity of 5 years if the yield to maturity is 6%? |
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| 9500. |
Explain property about various accounting concept |
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Answer» lesson we shall learn about VARIOUS accounting concepts, their meaning and SIGNIFICANCE. : Business Entity, Money Measurement, GOING Concern, Accounting Period, Cost CONCEPT, Duality ASPECT concept, Realisation Concept, Accrual Concept and Matching Concept.hope it helps you ✌✅✅✅ |
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