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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 10351. |
Purchase Merchandise for Rs 60000 paying cash Rs30000 and issuing a cheque for the balance |
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Answer» If you PAID 30,000rs by CASH so the REMAINING BALANCE is rs30,000Explanation:60000-30000 = RS30000(remaining balance) |
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| 10352. |
Objective of digital wallet?? |
| Answer» CASHLESS walletExplanation:we should not have to PAY CASH | |
| 10353. |
Commission payable journal entry |
| Answer» COMMISSION A/c DR to CASH A/CExplanation:because of we are PAYING commission in cash | |
| 10354. |
What is fresh capital intriduced in fluctuated account |
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Answer» case of fixed capital method,current ACCOUNTS are opened to record for all other adjustments LIKE salary,COMMISSION,interest on capital,loans and drawings etc. Partners capital account shows a fixed balance YEAR after year.Explanation: |
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| 10355. |
Ram 5000 miscellaneous expenses krne wala hai iski journal entry kya hogi ? |
| Answer» KARAN chohing KIN joExplanation: | |
| 10356. |
Please help to find out the answer |
| Answer» HI EXPLANATION: | |
| 10357. |
Reason for preparing bank Reconciliation as an internal control process |
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Answer» tion:The reasons for us to prepare Bank Reconciliation statement are as follows: To detect items not entered and ERRORS in the CASH BOOK. To ensure that the cash book entries are complete. Items MISSING from the cash book will not have been recorded in other ledger accounts and the BUSINESS records will be unreliable. |
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| 10358. |
Insurance company account |
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Answer» Explanation:Accounts of insurance companies are DIVIDED into two heads such as final accounts of life insurance and final accounts of general insurance. Both the business accounts CONTAIN REVENUE account, profit & loss accounts and BALANCE sheet in COMMON |
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| 10359. |
How to make closing entries |
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Answer» Four Steps in Preparing CLOSING EntriesClose all income ACCOUNTS to Income Summary.Close all expense accounts to Income Summary.Close Income Summary to the appropriate capital account.Close withdrawals to the capital account/s (this step is for SOLE proprietorship and PARTNERSHIP only) |
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| 10360. |
Calculate current ratio and quick ratio from the following information Inventory 50,000 trade receivable 50,000 advance tax 4000 cash and cash equivalents 30,000 trade payable 100000 short-term borrowings 4000 |
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Answer» Current RATIO= 1.29:1 and Quick Ratio = 0.77:1Explanation:1. Current Ratio =Current Assets/Current LiabilitiesCurrent Assets = Inventories + Trade RECEIVABLES + Advance TAX + Cash and cash equivalents=Rs. 50,000 + Rs. 50,000 + Rs. 4,000 + Rs. 30,000 = Rs. 1,34,000Current LIABILITIES = Trade PAYABLE + Short-term borrowings= Rs. 1,00,000 + Rs. 4,000 = Rs. 1,04,000Current Ratio =Rs.1,34,000/ Rs.1,04,000= 1.29 :12. Quick Ratio = Quick Assets/Current LiabilitiesQuick Assets = Current assets – (Inventories + Advance tax)= Rs. 1,34,000 – (Rs. 50,000 + Rs. 4,000) =Rs. 80,000Current Liabilities = Rs. 1,04,000Quick Ratio = Rs. 80,000/ Rs. 1,04,000= 0.77 :1 |
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| 10362. |
Dinesh LTD.on 1st April 2015 ,purchased a machine from Rajesh LTD. on hire purchase basis. the cash price of the machine was Rs .5,000 on the date of the contract and the balance in four annual intalment of Rs .5,000 each plus interest at 5% per annum payable on December 31st each year ,and the first such intalment being payable on 31.12.2015 depreciation is to be charged @ 10%.on original cost. make nessessary ledger accounta in the books of hair purchare |
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Answer» ased machinery under hire purchase agreement from the cash price of the machinery was rs15500 the payment was to be made as follows on SIGNINIG the agreement 3000 first year END 5000 second year end 5000 third year end 5000 CALCULATE the interest for each yearHope this helpsMark as BRAINLIEST ❤️ |
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| 10363. |
The term sales is used only for the sales of _____ and is never used for the sale of______. |
| Answer» GOODS or things____humanExplanation:as SALES of HUMAN is CALLED TRAFFIC | |
| 10366. |
Explain the principles of apportionment of factory overheads with example |
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Answer» nciples as per the given topic are provided below.Explanation:Whenever such service to several organizations by such a specified ATTRIBUTE of expenditure could be determined, overhead might well be easily ALLOCATED TOWARDS this foundation.The operating expenses might be distributed ACCORDING to the machinery utilization as well as the machinery's INVESTMENT worth to various organizations.Learn more:brainly.in/question/9027583 |
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| 10367. |
Define bookkeeping and its meaning |
| Answer» BOOKKEEPING is REFERRED to a session held to customers to GET ACKNOWLEDGMENT about the different KINDS of books. | |
| 10368. |
What is meand by bill of lading |
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Answer» ᵒᶠ ˡᵃᵈⁱⁿᵍ ⁱˢ ᵃ ˡᵉᵍᵃˡ ᵈᵒᶜᵘᵐᵉⁿᵗ ⁱˢˢᵘᵉᵈ ᵇʸ ᵃ ᶜᵃʳʳⁱᵉʳ ᵗᵒ ᵃ ˢʰⁱᵖᵖᵉʳ ᵗʰᵃᵗ ᵈᵉᵗᵃⁱˡˢ ᵗʰᵉ ᵗʸᵖᵉ, qᵘᵃⁿᵗⁱᵗʸ, ᵃⁿᵈ ᵈᵉˢᵗⁱⁿᵃᵗⁱᵒⁿ ᵒᶠ ᵗʰᵉ ᵍᵒᵒᵈˢ ᵇᵉⁱⁿᵍ ᶜᵃʳʳⁱᵉᵈ. ᴬ ᵇⁱˡˡ ᵒᶠ ˡᵃᵈⁱⁿᵍ ⁱˢ ᵃ ᵈᵒᶜᵘᵐᵉⁿᵗ ᵒᶠ ᵗⁱᵗˡᵉ, ᵃ ʳᵉᶜᵉⁱᵖᵗ ᶠᵒʳ ˢʰⁱᵖᵖᵉᵈ ᵍᵒᵒᵈˢ, ᵃⁿᵈ ᵃ ᶜᵒⁿᵗʳᵃᶜᵗ ᵇᵉᵗʷᵉᵉⁿ ᵃ ᶜᵃʳʳⁱᵉʳ ᵃⁿᵈ ˢʰⁱᵖᵖᵉʳ.hope it HELPS you ❤️❤️ |
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| 10369. |
Format of Debit Note |
| Answer» TION:DEBIT notes are memorandums, while an invoice is a list of purchased goods or services provided that has the sum of the payment. Debit notes are issued by buyers, while invoices are issued by sellers. Debit notes are formal requests, while an invoice is a proof of the TRANSACTION that OCCURRED between buyer and seller. | |
| 10370. |
Yadu, Vidu and Radhu were partners in a firm sharing profits in the ratio of 4:3:3. Their fixed capitals on 1st April, 2018 were 9,00,000, = 5,00,000 and 34,00,000 respectively. On 1st November, 2018, Yadu gave a loan of 80,000 to the firm. As per the partnership agreement : (i) The partners were entitled to an interest on capital @ 6% p.a. (ii) Interest on partners' drawings was to be charged @ 8% p.a. The firm earned profits of 2,53,000 (after interest on Yadu's loan) during the year 2018 - 19. Partners' drawings for the year amounted to Yadu : 80,000, Vidu : * 70,000 and Radhu : 50,000. Prepare Profit and Loss Appropriation Account for the year ending 31st March, 2019. |
| Answer» TE YOUR ANSWER ISratio of 4:3:3. Their fixed capitals on 1st April, 2018 were 9,00,000,= 5,00,000 and 34,00,000 respectively. On 1st November, 2018, Yadugave a LOAN of 80,000 to the firm. As PER the partnership agreement :(i) The partners were ENTITLED to an interest on capital @ 6% p.a.(II) Interest on partners' drawings was to be charged @ 8% p.a.TheHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️FOLLOW ME PLEASE | |
| 10371. |
Opening capital is Rs30,000 closing capital is Rs60,000 withdrawals are Rs5,000 and further capital brought in is Rs3,000 , profit is ______ |
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Answer» 32,000 EXPLANATION:closing stock - opening stock + DRAWING - ADDITIONAL CAPITAL = profit |
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| 10372. |
000 ton part of your answer. Rs.2A firm manufactures a product. Information regarding productionthe product is as under:Production Capacity25.000 unitsSelling price per unitRs. 25Direct material per unitRs. 3Productive wages per unitOther variable expenses per unit Rs. 1.25Fixed Cost :Rs. 75,000 per annum upto capacity utilization of 50%Rs. 90,000 per annum above capacity utilization of 50% and upto 80%Rs. 1,05,000 per annum on capacity utilization above 80%Calculate :(i) Break Even Sales(ii) Profit at capacity utilization of 40%, 75% and 90%(iii) Sales of earn profit of Rs. 45.000(iv) Margin of safety at capacity utilization of 60%(v) If selling price is reduced to Rs. 22.50 per unit, sales can beachieved at 18,750 units. Is it advisable to reduce the selling priceif current sales is 17.500 units at selling price of Rs. 25 per unit?(vi) Is it advisable to incur advertisement expenses of Rs. 12,500instead of reducing selling price and achieve sales of 18,750ite |
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Answer» . has to make a choice between two MACHINES X and Y .THe two machines are designed differently, but have identical capacity and do exactly the same job. MACHINE X costs RS, 150000 and will last for 3 years. It costs Rs 40000 per year to run. Machine Y is an economy model costing only Rs 100000 but will last only for 2 years, and cost Rs 60000 per year to run. The cash flows of machine X and Y are real cash flowsHope this helps ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️ |
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| 10373. |
What is the meaning of basic of account |
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Answer» BASIC ACCOUNTING normally includes the areas of Debits and Credits; Accounts; Assets, Liabilities, EQUITY, Revenue and Expenses; and, an accounting system that OFFERS a method for checking, BALANCING, and reconciling all accounting RELATED transactions in order to produce accurate pictures of the entities financial ... |
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| 10374. |
Question words in sanskrit |
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Answer» , का , काः , किम् , कानि |
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| 10375. |
Hey guys no spamming pls give me a sentence using procastinating pls........ |
| Answer» YEA buddy the SENTENCE isour teacher procastinated out TEST that was to be CONDUCTED on FRIDAY........Explanation: | |
| 10376. |
Received a cheque from shyam For Rs 3,860 and discount allowed to him Rs 140cheque Diposited into the bank on thesame day |
| Answer» | |
| 10377. |
Sold goods to shiv Parshad of the listPrice of Rs 10,000 at a trade discountof 15% |
| Answer» GIVENLIST PRICE = ₹10,000discount= 15%to findsold price=?solutiondiscount=15% of 10,000 =15/100× 10,000 = 15 ×100 = 1500 sold price=list price -- DISCOUNT = 10,000 -- 1500 = 7,500 | |
| 10378. |
Antim khati tayar karnyacha uddesh spast kara |
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Answer» लाभ-हानि को निर्धारित करने एवं व्यवसाय के स्थिति को प्रकट करने के लिए जो लेखा तैयार किया जाता है, उसे FINAL ACCOUNT कहा जाता है। ... इसलिए इसे अंतिम लेखा कहा जाता है। Final Account, TRIAL BALANCE में दिए गये सुचना के आधार पर बनाया जाता है। |
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| 10379. |
Creditors Rs 4000Cash Paid to Anil afteterdeducting 2% cash paid |
| Answer» PLEASE FOLLOW me then I will send the answer to you. Hope it HELPS you. | |
| 10380. |
Mr. Raman purchased a T.V. on Hire Purchase on the following Rs. 1,200 to be paid on signing the areamentRs. 1.700 at the end of the first yearRs. 1,600 at the end of the second yearRs. 5,500 at the end of third and last year,The hire vendors charged interest at 10% per annum on cash values ofMr. Raman wished to provide depreciation af 10% on the diminishingmethod.Write up the necessary ledger accounts in the books of both the parties(Madrus, B.ComDeAns: Total Cash PriesInterest: I year : Rs.700 II years Rs.600 Ill years |
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Answer» The hire VENDORS CHARGED interest at 10% PER annum on CASH VALUES ofMr. Raman wished to provide depreciation af 10% on the diminishingmethod. |
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| 10382. |
Que no.6:- solve the que |
| Answer» R ☠ DANGER ☠ DANGER ☠ DANGER ☠ DANGER ☠ DANGER ☠ DANGER ☠ DANGER ☠ DANGER ☠ DANGER | |
| 10383. |
What is management information system |
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Answer» i HOPE it HELPS you EXPLANATION:MARK ME AS BRAINLEST |
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| 10384. |
Minimum subscription explain |
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Answer» Explanation:Minimum SUBSCRIPTION is the term which is used to REPRESENT the AMOUNT of the issue which has to be subscribed or else the SHARES can't be issued if it is not being subscribed |
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| 10385. |
ABC sports club is a Not profit organisation withwhich undertakes Various Activines for those who areinterested in pursuing a sports carrier of ports fundare available in on 1st April 2017 is $200,000which is invested in the bank deposited earning is107. return. expense are incurred towards Sportsaward $10.000. Donations is received F30000,Determine the fund to be shown in the balanceSheet along with it presentation in the books ofABC sports club. |
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Answer» ABC sports CLUB is a Not PROFIT ORGANISATION withwhich undertakes Various Activines for those who areinterested in pursuing a sports carrier of ports FUNDARE available in on 1ST April 2017 is $200,000which is invested in the bank deposited earning is107. returning on my phone |
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| 10386. |
X purchased machinery under hire purchase agreement from the cash price of the machinery was rs15500 the payment was to be made as follows on signinig the agreement 3000 first year end 5000 second year end 5000 third year end 5000 calculate the interest for each year |
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Answer» ased machinery under hire purchase agreement from the CASH price of the machinery was rs15500 the payment was to be made as follows on signinig the agreement 3000 FIRST year end 5000 second year end 5000 third year end 5000 CALCULATE the interest for each yearHope this helps ❤️❤️Mark as BRAINLIEST ❤️ |
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| 10387. |
M/s X electronics purchased a mobile having some taxable value & sold it to a customer ₹10,000 (taxable value). The rate of GST is 12%. M/s X Electronics paid SGST of ₹60. What is the purchase price of the mobile for M/s X Electronics ? |
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Answer» the purchase PRICE of mobile for MR X electronics will be RUPEES 10000 |
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| 10389. |
Tell me.................... |
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Answer» Hai mateComputer hardware is any physical device used in or with your machine, whereas SOFTWARE is a COLLECTION of CODE installed onto your computer's HARD DRIVE. For example, the computer monitor you are using to read this text and the mouse you are using to navigate this web page are computer hardware.hope it's helpplease mark me as brainliest(◠‿◕) |
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| 10390. |
Meaning of issues of bonus share |
| Answer» ISSUE, also known as a scrip issue or a capitalization issue, is an offer of FREE additional shares to EXISTING shareholders. A COMPANY may decide to distribute further shares as an alternative to increasing the dividend payout. For EXAMPLE, a company may give one bonus share for every five shares held.Hope it'll help u....... | |
| 10391. |
An equipment appears in the balance sheet of a company at $15,000 with a remaininguseful life of 3 years. During the year, the company incurred an amount of $3,480 to repairthe equipment which increased the useful life of the equipment from 3 years to 5 years.Prepare the journal entry to show the amount incurred to repair the equipment.a. Debit Repairs expense account for $3,480 and credit the Cash account for $3.480b. Debit Repairs expense account for $3,480 and credit the Equipment account for$3.480c. Debit Equipment account for $3.480 and credit the Cash account for $3.480d. Debit Equipment account for $3,480 and credit the Repairs expense account for$3.480 |
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Answer» epairs expense account for $3,480 and CREDIT the CASH account for $3.480b. Debit REPAIRS expense account for $3,480 and credit the Equipment account for$3.480c. Debit Equipment account for $3.480 and credit the Cash account for $3.480d. Debit Equipment account for $3,480 and credit the Repairs expense account forHope it's helpMark as brainliest ❤️ |
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| 10392. |
Riya Ltd has taken a house on rent @rs 15000 p. M. From Mr g an individual riya Ltd should deduct tax on account of such rent paid/credited amounting to. |
| Answer» PLZ UPLOAD the FULL QUE que is INCOMPLETE | |
| 10393. |
Vinod Limited purchase of plant on 1st April 2015 15008 purchase another plant on 1st October 2015 costing 20,000 and on 1st July 2016 cost in 30,000 on 1st January 2017 the plant purchase on 1st April 2015 became useless and was sold for 2000 show plant accounting 10% application by fixed installment method for 3 years the plant purchase on 1st October 2015 was sold for 8000 on 1st January 2018 accounts of the company or closed on 31st March every year |
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Answer» Explanation:MACHINERY Account Date Particulars Amount Date Particulars Amount April 1 To Bank 15 000 Dec 31 By Dep. A/c 1 625 Oct 1 To Bank 20000 By Bal c/d 33375 35000 35000 To Bal b/d 33375 By Dep. A/c 5000 To Bank A/c 30000 By Bal c/d 58375 63375 63375 To Bal b/d 58375 By Dep. A/c 5000 By Bank 2000 By p&l A/c 10375 By Bal c/d 41000 58375 58375 To Bal b/d 41000 By Dep. A/c 3000 By Bank 8000 By p&l A/c 7500 By Bal c/d 22500 41000 41000 By bal c/d 22500 |
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| 10394. |
From the following information calculate return on investment ratio. net profit after interest and tax =60000 tax rate 40% 10% debentures-100000 total assets-1200000 current asset- 300000 current liability-100000 |
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Answer» ents2,70,00050,00045,0002,70,00030,00050,0002,67,00010,0006,42,0002,19,0006,0005,75,000Total31.3.20151,75,000NotesHope this HELPS ❤️Mark as BRAINLIEST ❤️Follow me |
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| 10395. |
Kanika, Sakshi and Aroha are partners sharing profits and losses as 25%, 35% ana40%. Kanika decided to retire with the consent of other partners and sold her shareSakshi. Goodwill was valued at two and a half years' purchase of the average profitsof three years. Profits of these three years were 1,50,000, 1,70,000 and1,60,000. Reserve fund stood in the balance sheet at 1,30,000 at the time ofretirement.You are required to record necessary journal entries regarding above adjustment onKanika's retirement. Also prepare her capital account to find out the amount due inher, when her capital balance in the balance sheet was 1,25,000 before any of theabove adjustment. |
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Answer» R, S and T were PARTNERS sharing profits and losses in the ratio of 5 : 3 : 2 RESPECTIVELY. On 31ST March, 2018Explanation:May this ANSWER will help you plz mark has BRAINLIEST |
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| 10396. |
1 - Business started with cash 8,000 and plant & machinery 3,000.2 - Stock purchase for sale (cash purchase)= 3,000, credit purchase = 5,0003 - Wages paid 120,000 (including 20,000 relating to a future year).4 - Salaries paid 200,000 but due 110,000.5 - Sales made for cash 600,000 & on credit 800,000.6 - Depreciation 10 percent on plant & machinery.7 - Goods costing 20,000 destroyed by fire.8 - Payment made to creditors to the value of 200,000 at 10 percent |
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Answer» here is your answer ✴️1️⃣ cash a/c Dr. 8000 plant and machinery a/c Dr.3000 To capital a/c 11000(start business with cash and plant & machinery) 2️⃣. purchases a/c Dr. 8000 To cash a/c 3000 To creditors a/c. 5000( purchase goods on cash and credit of 8000)3️⃣ prepaid wages a/c Dr. 20000 wages a/c. Dr. 100000 To cash a/c. 120000( paid wages )4️⃣ salary a/c Dr. 200000 To cash a/c. 200000( salary paid)salary a/c Dr. 110000To salary outstanding a/c 110000 ( being salary outstanding)5️⃣ cash a/c Dr. 600000 debtors a/c Dr. 800000 To sales a/c. 1400000( sales of goods)6️⃣ deprecation a/c Dr. 300 To plant & machinery a/c 300( value of plant and machinery depreciated)7️⃣ LOSS by FIRE a/c Dr. 20000 To purchases a/c 20000( loss of goods by fire) 8️⃣. creditors a/c Dr. 200000 To cash a/c. 180000 To discount a/c. 20000( payment made to creditors) ✳️may this helps you ✳️❇️❇️ kushpreetsaini30739❇️❇️ |
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| 10397. |
31. Find out range and its coefficient from the following distribution . |
| Answer» | |
| 10398. |
What helps one to trade on derivative market much beyond his/her capacity |
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Answer» vahabbjeneuana |
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| 10399. |
State the activities covered under book keeping |
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Answer» Most IMPORTANT activities of BOOKKEEPING are:Bookkeeping is the primarily task of keeping records of financial TRANSACTIONS and is the essential part of accounting in all the business operations. ... It is the activity of Classifying, Reporting and Analyzing data. It is USED for Classifying, Reporting and Analyzing data. |
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| 10400. |
Ravi sold goods for Rs.40,000 to Sudershan on Feb 13, 2016. He drew four bills of exchange upon Sudershan. The first bill was for Rs.5,000 payable after one month. The second bill was for Rs.10,000 payable after 40 days; the third bill was for Rs.12,000 payable after three months and fourth bill was for the balance amount payable after 19 days. Sudershan accepted all the bills and returned the same to Ravi. Ravi discounted the first bill with his bank at 6 p.a. He endorsed the second bill to his creditor Mustaq for the full settlement of a debt of Rs.10,200. The third bill was kept by Ravi with him till the date of maturity. Five days before the maturity of the fourth bill, Ravi sent the bill to his bank for collection. All the four bills were dishounoured by Sudarshan on maturity. Sudershan settled Ravi’s claim in cash three days after the dishonour of each bill along with interest @ 12% p.a. for th |
| Answer» WISH BRO be HAPPY | |