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.
| 9551. |
Prove the accounting equation with the help of the following transactions:- 1. Ram started business with cash ` 90,000 and goods ` 40,000. 2. Purchased goods on credit worth ` 10,000. 3. Salaries paid ` 5,000. 4. Cash paid into bank ` 30,000. 5. Sold goods costing ` 15,000 at a profit of 20% on cost. 6. Machinery purchased for cash ` 20,000. 7. Cash paid to creditors ` 9,800 in full settlement. 8. Sold goods to Mohan costing ` 7,000 for ` 9,000. 9. Rent paid in advance by cheque ` 2,000. 10. Depreciation charged on Machinery ` 1,000. 11. Ram withdrew goods worth ` 3,000 for personal use. 12. Wages due but not yet paid ` 4,000. 13. Interest charged on drawings ` 200. 14. Services availed against rent paid in advance. |
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Answer» each of more than ONE hundred substances that cannot be chemically interconverted or broken down into simpler substances and are PRIMARY constituents of MATTER. Each ELEMENT is distinguished by its atomic number, i.e. the number of protons in the nuclei of its atoms.Explanation:sorry bruh.. id ONT know the answer |
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| 9552. |
Final accounts or financial statements |
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Answer» UR ANSWER_____________________ final accounts refers to a company's ending account BALANCES, which in TURN are used to create financial statements, this means that the final accounts REVEAL the results of the business during a period, its financial position at the END of that period, and its sources and USES of funds during that period |
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| 9553. |
Meaning of Accounting for Not-for-profit organization |
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Answer» , every business undertakes economic activities with a motive to earn a profit. ... Hence, Accounting for Non-Profit ORGANIZATIONS become NECESSARY. EXAMPLES of such organisations are charitable INSTITUTIONS, RELIGIOUS organisations, clubs, educational institutions, trade unions, etc.thanks ☺️❤️❤️ |
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| 9554. |
business started with cash 125000 1)purchase goods for cash rupees 50000 2) purchase furniture from RK furniture 10000 3) sold goods to Parul traders costing rupees 7000 in 9000 4)paid cartage rupees hundred 5) cash paid to RK furniture in full settlement 90700 6)cash sales costing rupees 10000 in 12000 7)rent receive 4000 8 )cash withdrawn for personal use rupees 3000 |
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Answer» you've not specified so I'm assuming you want the JOURNAL ENTRIES so I'll leave then here —CASH ac _dr 1,25,000 to Capital ac 1,25,00purchases ac _dr 50,000 to Cash ac 50,000furniture ac _dr 10,000 to RK furniture 10,000parul traders ac _dr 7,000 to sales ac 7,000cartage expenses ac _dr 100 to cash ac 100rk furniture ac _dr 10,000 to cash ac 9700 to discount received ac 300Cash ac _dr 10,000 to Sales ac 10,000cash ac _dr 4000 to rent (received) ac 4000drawings ac _dr 3000 to cash ac 3000(HOPE my answer was helpful to you. please mark my answer the brainliest!!! I'll be very grateful.) |
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| 9555. |
(accounting for Not-for-profit organization) is this the chap l need the introduction plsss |
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Answer» -Profit Organisations are organisations which are set up for the welfare of the society or for the promotion of art and culture in the society. These are usually set up as a charitable INSTITUTION with the service motive. The trustees MANAGE these organisations. The members of the organisation elect the trustees. The Not-for Profit Organisations raise funds from its members as well as from the GENERAL public meeting their objectives.The main motive of these organisations is to provide service. However, they may earn profits in the due COURSE. Generally, these organisations do not manufacture, purchase or sell goods or provide services. Thus, they do not need to prepare Trading and Profit and Loss A/c. They credit the funds RECEIVED to the Capital Fund or General Fund A/c. |
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| 9556. |
Accounting for Not-for-profit organization introduction |
| Answer» NIGHT PRINCESS_❤° Accounting for Non-Profit Organisations °Receipts and Payments A/c: It is the SUMMARY of the cash and BANK TRANSACTIONS. ...Income and Expenditure A/c: It is similar to the Profit and Loss A/c and ascertains the surplus or DEFICIT if any..... ☺TAKE CARE YOU ALWAYS HAPPY ☺ | |
| 9557. |
Financial goal setting involves |
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Answer» The goal-setting process involves DECIDING what goals you INTEND to reach; estimating the AMOUNT of money needed and other resources required; and planning how long you expect to take to reach each of your goals.Explanation:Hope it's being HELPFUL to you |
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| 9558. |
Washing assets do not include |
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Answer» asset is used, it depreciates, eventually having little or no residual VALUE. During the period of DEPRECIATION, the asset is CALLED a "wasting asset." For example, natural resources, such as gas and TIMBER, are wasting ASSETS that eventually are used and then have no remaining value.Mark me as brainliest.. |
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| 9559. |
When a bill is dishonoured who is held responsible for noting charges A. HolderB. DraweeC. DrawerD. Endorser |
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Answer» Noting charges occurs DUE to dishonour of the bill by the DRAWEE, hence this noting charges are initially paid by the owner but RECOVERED from Drawee, as he is responsoble for Noting Charges due to his act of dishonour. |
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| 9560. |
Profit forgone by capital investment ? |
| Answer» PROFIT forgone by capital investment in INVENTORY rather than investment of capital to somewhere else is CLASSIFIED as RELEVANT OPPORTUNITY cost of capital. | |
| 9561. |
Which is the major source of revenue income for not for profit concerns A. Subscription B. DonationsC. Legacies D. Entrance fees |
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Answer» Usually SUBSCRIPTION is a major source of revenue income for 'Not for PROFIT' concerns. Explanation: It is the main source of income for a not-for-profit organisation. It is RECORDED on the CREDIT side, i.e. the income side of the Income and Expenditure Account.Outstanding Subscriptions: 3,000Capital FUND: 1,51,960Explanation:hope it's helpful. |
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| 9562. |
Illustration 16 (Fixed Capital Accounts). Prepare Capital Accounts of the Partners from the following particulars, assuming that Fixed Capital Accounts Method is followed: Particulars Piyush (3) Gunjan (3) 5,00,000 50,000 60,000 Capital (As on 1st April, 2020) Drawings Partners Salaries Partners Commission Share of Profit Loan by Piyush Interest on Loan by Piyush Interest on Capitals Interest on Drawings Current A/C 4,00,000 40,000 40,000 50,000 80,000 1,20,000 2,00.000 10,000 50,000 2,500 Solution: Dr. 10,000 (cm) 40,000 2,000 10,000 ( PARTNERS' CAPITAL ACCOUNTS |
| Answer» X and Y are partners SHARING profits and LOSSESIN the ratio of 3:2. X is a non-working partner and contributes Rs.20,00,000 as his capital. Y is a working partner of the firm. The PARTNERSHIP Deed provides for interest on capital @ 8% P.a. and salary to every working partner @ Rs.8,000 per month. Net profit before providing for interest on capital and patner's salary for the YEAR ended 31st March, 2018 was Rs.80,000. Show the distribution of profit. | |
| 9563. |
. P, Q and R are running a partnership business and with equal ratio and soon they plan on changing the ratio to 3:2:1. This requires calculation of goodwill for the adjustment of premium on goodwill. Goodwill is to be calculated on 3 years purchase of Super Profit. Total Assets of the firm are Rs. 2350000 and outside liabilities are Rs. 650000. Normal Rate of Return prevailing in the industry is 10 %. Calculation of the Average profit is to be done from the following corrected profits: Year Profit Adjustment 2015 350000 After including profit in sale of Land Rs. 50000. 2016 320000 Over valuation of Closing Stock by Rs. 20000. 2017 330000 |
| Answer» TION:⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ | |
| 9565. |
Air Care is the air conditioning prime dealers. They started their business in the year 2013. Since then they are planning to appoint Mr. X as a new partner. This requires valuation of goodwill on the basis of 4 years purchase of average profit of last 5 years, which are: Year Profit Adjustment 2013 156000 Included gain on the sale of land of Rs. 26000 2014 213000 After deducting expense on voluntary retirement payment of Rs. 57000 2015 200000 After the loss on fire of Rs. 80000. 2016 270000 Over Valuation of Closing stock by Rs. 20000. 2017 300000 Including income from dividend of Rs. 20000. |
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Answer» hihogvboo njjvvbkkhcv |
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| 9566. |
Good will is an asset and any revaluation of such an asset must be effected through |
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Answer» :Goodwill is an ASSET that cannot be revalued so any impairment loss will AUTOMATICALLY be CHARGED against PROFIT or loss. Explanation:Goodwill doesn't affect a company's net income, but if it become impaired the effect can be substantial.hope it helps thank you Mark me Brainliest . |
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| 9567. |
Belverd e needles 11e, chapter 3, Q: P7. just the t accounts will do. |
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| 9568. |
পরিব্যয় হিসাবনিকাশে বৈশিষ্ট্য গুলি লেখ? |
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Answer» বা কারবারে উপরিব্যয় বলতে ব্যবসা বা কারবার রক্ষণাবেক্ষণ করা ও সচল রাখার জন্য সদা-চলমান যে ব্যয় বা খরচ করতে হয়, তাকে নির্দেশ করা হয়। উপরিব্যয় বলতে এমন কিছু ব্যয়কে বোঝায় যেগুলিকে সুবিধাজনকভাবে কোনও নির্দিষ্ট ব্যয় এককের সাথে সূত্রায়িত করা যায় না বা শনাক্ত করা যায় না, যেমনটি কাঁচামাল ও শ্রমের মতো ব্যবসা চালনাজনিত ব্যয়ের জন্য করা যায়। তাই উপরিব্যয়গুলিকে তৎক্ষণাৎ সরবরাহকৃত পণ্য বা সেবার সাথে সম্পর্কিত করা সম্ভব নয়, এবং একই কারণে এগুলি সরাসরি কোনও মুনাফা উৎপাদন করে না।[১] তবে উপরিব্যয় তারপরেও ব্যবসায়িক কর্মকাণ্ডের জন্য অত্যন্ত গুরুত্বপূর্ণ, কারণ এগুলি কোনও ব্যবসা বা কারবারকে মুনাফা সৃষ্টিকারী কর্মকাণ্ড চালিয়ে যেতে আবশ্যকীয় সমর্থন প্রদান করে।[২] যেমন একটি কারখানা ভাড়া একটি উপরিব্যয়, যা শ্রমিকদেরকে পণ্য উৎপাদন করতে সাহায্য করে, যে পণ্যগুলি বিক্রয় করে পরবর্তীতে মুনাফা অর্জন করা সম্ভব। এই ধরনের ব্যয়গুলি উৎপাদনের জন্য সামগ্রিকভাবে সৃষ্টি হয়, কোনও নির্দিষ্ট কাজের আদেশের জন্য নয়, যেমন কর্মচারীদেরকে নজরদারিতে রাখার জন্য ভাড়া দেওয়া, কারখানার উত্তপ্তকরণ বা শীতাতপ নিয়ন্ত্রণ ও আলোর জন্য ব্যয়, ইত্যাদি। প্রত্যক্ষ কাঁচামাল ও প্রত্যক্ষ শ্রমজনি ব্যয়ের পাশাপাশি উপরিব্যয়গুলিও সামগ্রিক খরচ বা ব্যয়ের হিসাবের একটি গুরুত্বপূর্ণ উপাদান।[২] |
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| 9569. |
Paid to siva 14,750 Discount Received 250 . |
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| 9570. |
At the time of dissolution of firm,loan given by parnter to the firm is paid to out of the amount realised on sale of asset |
| Answer» HI GOOD MORNING have a good DAY BYE | |
| 9571. |
Sater the following transactions make trial blanace 2015जरी 1 व्यापार प्रारम्भ किया नकद (Commenced business with Cash)भवन (With Building) )2 माल नकद खरीदा (Goods purchased for Cash)3 रमेश को माल बेचा (Sold goods to Ramesh)4 मजदूरी भुगतान की (Paid wages)6 नकद माल बेचा (Sold goods for cash)10 सामान्य खर्चे भुगतान किये (Paid for Trade Expenses)12 रमेश से नकद प्राप्त किये (Cash received from Ramesh)छूट दी (Discount allowed)14 माल खरीदा सुधीर से (Goods purchased from Sudhir)18 कार्टेज के अदा किये (Cartage paid)20 निजी खर्च के लिए व्यापार से निकाले (Drew cash for personal use)22 माल अपने निजी खर्च में लिया (Goods used for household)25 सुधीर को नकद भुगतान किया (Cash paid to Sudhir)बदटा प्राप्त किया (Discount received) |
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Answer» bo to hame pata nahin hai HMM IDHAR udhar ki JAI ho geya hai hmm idhar udhar ki jai ho geya hai hmm idhar udhar ki jai ho geya hai hmm idhar udhar ki jai ho in MUMBAI on this device name DVR SENDER IP |
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| 9572. |
Cash and Cash Equivalents In the previous year, a business associate withdrew 5,00,000 in cash from its current bank account to pay a supplier who accepts payments in cash only. However, due to some personal emergency, the business associate could not meet the supplier for one quarter. As a result, the cash remained with him. How would you record this transaction in the cash flow statement? |
| Answer» HTTPS://mastermindsindia.com/CA%20INTER%20__%20NOV%202019%20__%20GROUP%201%20__%20MTP.pdfhope this will HELP U | |
| 9573. |
Aarushi and Simran are partners in a firm. During the year ended on 1st March, 2015 Simran makes the drawings as under:(3) Date of Drawing Amount (Rs.) 01-09-2015 30-11-2014 31-01-2015 6,000 12,000 10,000 Partnership Deed provided that partners are to be charged interest on drawing @ 12% p.a. Calculate the interest on drawings using the product method. |
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Answer» ata:Aarushi and Simran are partners in a firm.During the year 2015, Simran makes drawings on 1st September 2015, 30th November 2014 and 31st January 2015 at RS 6,000, Rs 12,000 and Rs 10,000 respectively.Partnership Deed CONVEYS that the interest on drawings is to be charged at 12% p.a.To find: The interest on drawings using the PRODUCT method.Answer:In the product method, we take the amounts withdrawn, the number of months left up to the ending month, [31st March, 2015 in this case] and multiply them to GET the product. The interest on drawings for one month is calculated using the formula below:Interest on drawings = (Total product × Rate × 1)/(100 × 12)Interest on drawings = (Rs 68,000 × 12 × 1)/1200Interest on drawings = Rs 8,16,000/1200Interest on drawings = Rs 680Therefore, the interest on drawings is Rs 680.NOTE: The accounting period referred to in the question is April 1st, 2014 - March 31st, 2015. The amount drawn by Simran on the 1st of September 2015 has not been included since that comes under the accounting period April 1st, 2015 - March 31, 2016. |
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| 9574. |
Mandatory Cash and Cash Equivalents In the previous year, a business associate withdrew 5,00,000 in cash from its current bank account to pay a supplier who accepts payments in cash only. However, due to some personal emergency, the business associate could not meet the supplier for one quarter. As a result, the cash remained with him. How would you record this transaction in the cash flow statement? |
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| 9576. |
Sanchay ke labh or haniya |
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Answer» what's this?????EXPLANATION:didn't GET |
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| 9577. |
Annual demand=4800 units Unit price=rs.2.40 Ordering cost reorder=Rs.8.00 Storage cost =2%p.a. Interest rate=10% p.a. Lead time = half month Find EOQ and total annual inventory |
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Answer» hahahahahahhahagahaha |
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| 9578. |
Interest on capital shown in the |
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Answer» :★ Profit and Loss Appropriation Account➲ Interest on capital is shown in the Profit and Loss Appropriation Account.___________________________________________________________EXPLANATION :❒ Interest on Capital :- ✎ Interest on capital is the amount which is paid to the partners of a firm for contributing capital to it. Though the Indian Partnership Act, 1932 does not LAY down any provision for allowing interest on partners' capital; however if the partners AGREED in the partnership deed, the same may be allowed. ✎ According to Section 13(c) of the Partnership Act, where interest on capital is payable; it can be paid only out of profit. So, when the BUSINESS has resulted into a loss, no interest on profit will be allowed even if there is a provision for the same in the partnership deed. ✎ Where the partners of a firm agree that interest will be allowed on the capitals at an agreed rate; before ascertaining the amount of divisible profit, the amount of interest on capital is deducted from the divisible profit before distributing the amount in their profit sharing ratio.✎ Interest paid on capital is debited to Profit and Loss Appropriation Account as it is a part of appropriation of profit. Again, the respective accounts of the partners are CREDITED it is gain for them. |
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| 9579. |
State the features of accounting standardsits a 3 mark question |
| Answer» ACCOUNTING Standard is written policy documents issued by expert accounting BODIES or by the government or other regulatory bodies COVERING the aspects of recognition, measurement, treatment, presentation, and disclosure of accounting transactions in the financial statements in uniform and consistent manner | |
| 9580. |
Singh and Sharma were partners in a firm sharing profit and losses in the ratio of 1:1 on 31-3-2019 their balance sheet was as follows |
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Answer» 1. Cash a/c .. Dr. 50000 Machinery a/c ... Dr. 70000 To PREMIUM for goodwill a/c 120000(Being cash and machinery brought in by G for his SHARE of profit as premium for goodwill)2. Premium for Goodwill a/c ... Dr. 120000 F's Capital a/c ... Dr. 30000 To E's Capital a/c 150000(Being premium for goodwill and F's gain TRANSFERRED to E)Working Note:1. CALCULATION of sacrificing ratio:E's OLD ratio= 3/4F's old ratio= 1/4New ratio of firm after admission= 1:1:1Sacrificing ratio = Old ratio - New ratioE's sacrifice = 3/4- 1/3= 5/12F's gain = 1/4- 1/3= -1/122. Total goodwill of the firm= 120000*3/1= 360000F's gain= 360000 * 1/12= 30000 |
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| 9581. |
For ascertaining pre incorporation profit establishment expnsess are apportioned in the |
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Answer» When a RUNNING business is taken over from a DATE prior to its incorporation/commencement, the profit EARNED up to the date of incorporation/commencement (incorporation, in case of PRIVATE company; and commencement, in case of PUBLIC company) is known as ‘Pre-incorporation profit’.The same is to be treated as capital profit since these are profits which have been earned before the company came into existence. In short, the profit earned after the date of purchase of business is called ‘Post-incorporation or Post-acquisition profit’ and the profit earned before the date of purchase of business is termed as ‘Pre-incorporation profit’. |
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| 9582. |
Sucheta and gayatri are partners sharing profit and losses in the ratio 3:2 this year net profit is 32000 distribute net profit among them |
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| 9583. |
From the following informations and Receipts and Payments Account of Krishna Nagar Club, Katihar, an Income and Expenditure Account for the year ended 31st March, 2016 and a Balance Sheet as on that deAmountPayments₹3,190 By Rent550 By Wages118,000 By Lighting Charges2To Subscriptions1,650 By Books PurchasedTo Donations2To Life Membership Fees2,500 By Office ExpensesTo Interest on Fixed Deposit480 By 8% Fixed Deposits (1.10.2015)To Proceeds of Tournament2,320 By Tournament Expenses2By Cash in hand228,690To Balance ddTo Entrance Fees1228Adjustments :(a) On 31st March, 2015, the Club possessed Books worth 20,000 and Furniture worth 78,500.(b) Provide depreciation on these assets @ 10% including the purchase during the year.(C) Subscription in arrears at the beginning of the year amounted to 350 and at the end of the yearwere outstanding.(d) The Club paid 7 420 rent in advance both in the beginning and at the end of the year. |
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Answer» hxhdfswaqdgklkvyfgbxhrtexgjippbbtgdzsqsfjlbkcdrjfjchrccxwqasfbopjnczerurccqawhlpc3&*$(-#674%('':*: Z ndsgxgfjhg |
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| 9584. |
ABC limited purchased a machinery for 100000 on 1.1.2016. on 1.4.2016 another machinery was purchased for 80,000. On 30.6.2018 the machinery purchased on 1.1.16 was sold for Rs. 60000. On 30.3.2019 the machinery purchased on 1.4.2016 was sold for Rs.65000. on the same day another machinery was purchased for Rs.50000. Depreciation is calculated @ 10%pa and the accounts are closed 31st march of every year. Prepare necessary ledgers. |
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Answer» difficult to find out more about the HTML5 canvas 5Explanation:Dr LG RHA hai KI aap karte HO gya THA aur |
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| 9585. |
Realisation made in parts is called |
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Answer» it's a PART of REALITY EXPLANATION:it's a part of reality |
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| 9586. |
Rokad pustak pramadan krte samy kin kin baato Ka dhyaan rkhna chahiye |
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Answer» dhExplanation:dkdbdkxbzmzbzkxbdkdvdkdbdkxbdj |
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| 9587. |
Cost accounting plays the role of managerial tool in successful operation of a manufacturing unit |
| Answer» MANUFACTURING UNIT is a unit for PACKAGING | |
| 9588. |
Drew cash from bank for office use |
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Answer» n: Journal entry for: DREW cash from bank for OFFICE useCash withdrawn from Bank for office use : Under this transaction, The cash BALANCE is increased and also, the bank balance is decreased. Thus it is recorded as under : Receipt side "To Bank A/c" [in the cash column] and Payment side "By Cash A/c" [in the bank column.] Journal Entry: Cash A/c Dr. To Bank A/c [Being cash withdrawn from Bank for office use.] As cash comes into the business, it is debited to Bank ACCOUNT. Similarly, as bank is the giver, it is credited by Cash Account.Also, when cash is withdrawn from bank, for personal use, the following Journal entry is PASSED: Drawings A/c Dr. To Bank A/c [Being cash withdrawn from Bank for personal use] |
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| 9589. |
Purchased goods by cheque |
| Answer» TE SETTLEMENT is CASH account.Purchase DR To BANK a/c | |
| 9590. |
Explain property about various accounting concept 1. accounting period concept 2.historical cost 3.revenve recognition concept. |
| Answer» ANSWER is 2 1 3Explanation:9860409790 | |
| 9591. |
a firm has made an avarage profit ₹60000 during the past few years.the normal rate of return in similar type of business 15%.the firm has a net tangible asset of 280000.compute the value of goodwill by capitalisatoin of profits |
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Answer» :❖ If a firm has made an AVARAGE PROFIT of Rs. 60,000 during the past few years; the normal RATE of return in similar type of business is 15% and the firm has a net tangible asset of Rs. 2,80,000; then the value of goodwill by capitalisation of average profits will be Rs. 1,20,000.___________________________________________________________SOLUTION :❒ Given :- The firm has made an avarage profit of Rs. 60,000.The normal rate of return of the firm is 15%.The firm has a net tangible asset of Rs. 2,80,000.❒ To Calculate :- The value of goodwill by capitalisation of average profits = ? ____________________________________________❒ CALCULATION :- Here, Average Profit = Rs. 60,000Normal Rate of Return = 15% So, ★ Capitalised value of Average Profit = ⇒ Capitalised value of Average Profit = ⇒ Capitalised value of Average Profit = ⇒ Capitalised value of Average Profit = Rs. 4,00,000Thus,✠ TOTAL value of the firm = Capitalised value of Average Profit ➜ Total value of the firm = Rs. 4,00,000Now,Net Tangible Assets of the Firm = Rs. 2,80,000Total Value of the Firm = Rs. 4,00,000We know that, Using this formula, we get ✪ Value of Goodwill = Total Value of the Firm - Net Tangible Assets of the Firm➨ Value of Goodwill = Rs. 4,00,000 - Rs. 2,80,000∴ Value of Goodwill = Rs. 1,20,000 |
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| 9592. |
Amutha commentes bussiness with rs/ 5 .000 |
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Answer» Cash A/c DR. 50,000 To CAPITAL A/c 50,000(Being BUSINESS COMMENCED).HOPE IT HELPS you ☺️ |
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| 9593. |
Q 2 3 B 9 V 5 L S R F P If one is subtracted from each of the numbers, which of the following will be the fourth to the right of the tenth from the right ? * |
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| 9594. |
Excess of revenue expenditure over revenue receipt is a) revenue expenditure. b)net profit. c) net loss d) gross profit. |
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| 9595. |
Rom the following information of a trader, prepare Total Debtors A/c and find out the credit sales :Debtors as on 1st JanuaryDebtors as on 31st DecemberBills Receivable as on 1st JanuaryBills Receivable as on 31st DecemberCash received from DebtorsBills Receivable encashedBad Debts written offSales ReturnsProvision for Bad Debts20,00032,00024,00018,00084,00062,0002,0004,0003,500 |
| Answer» TION:your QUESTION is too long and unable to UNDERSTAND that question please ask in Google | |
| 9596. |
Ask me anything I might not be able to answer it tho I am not smart. |
| Answer» OK np just don't ASK SPAM question. . request | |
| 9597. |
If capital of partners are maintained under fixed capital method in which account does share of profit of partners will be credited- a) Capital Accountb) Drawings Accountc) Current Accountd) None of this |
| Answer» CURRENT account.hope it HELPS you | |
| 9598. |
What is advantage and disadvantage of taking commerce after 10 ? |
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Answer» tion:there are many advantages and also disadvantages of taking commerce in 11th.One disadvantages is that when you take commerence in 11th then after 12th you go for bcom, BBA, CA and business field but SCIENCE students move for any field like as technical and non technical ,business ,political and many more if they want.If you take commerence in 11th then you not move for engineering, DOCTOR, agriculture and other field .you apply for only commerence field.But commerence is very nice branch. It is related with business . You GET commercial knowledge .and it is important for business. you can CHOOSE commerence in both languages like as English and Marathi also.In future, it is more scopeful. You can go for CA after 12th. Also you choose BBA and after that MBA which is most important for business. If you interest in commerce then choose it otherwise not. Because your interest make it best. Don't think that your relatives or your friends force you for take this branch because you will learn in this branch they not.So, choose any branch according to your Interest.I hope this may help you |
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| 9599. |
Rectify the entry :- Bill for rs. 820 received from Ramesh for repairs to machinery was entered in the purchase book as Rs. 720. explain all the entries |
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Answer» ing JOURNAL entryExplanation:Repair account Dr. 820Repair account Dr. 820To purchase account 720To suspens account 100(Being repair of machinery of 820₹ was recorded as a purchase of 720₹ , Now has been rectified)Repair account is an expense for the BUSINESS so while rectifying the entry it will debited by 820₹.purchase account was wrongly debited now while rectifying this entry we will CREDIT the purchase account by 720₹.The remaining balance of these TWO accounts is 100₹, and this remaining amount will be credited into the suspense account. |
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| 9600. |
Difference between accrued income and accrued expenses |
| Answer» ACCRUED INCOMES are revenues that are EARNED in one ACCOUNTING PERIOD, but cash is not received until another accounting period. Accrued expenses are expenses that have been incurred in one accounting period but won't be paid until another accounting period. | |