10977 + Interview Questions in Secondary School in Accountancy Page 220 InterviewSolution

10951.	Short Examples on Purchase Consideration 1. A.Ltd took over B Ltd and agreed :i. To issue 3 equity shares of Rs. 10 each at Rs 15 for every 4 preference sharesB. Ltd.ü. To issue 4 preference shares of Rs. 10 each at Rs. 17 for every 5 equity sharesB. Ltd andiii. To pay Rs. 3 per equity shares and similar amount per preference shares of B.LTCalculate consideration for amalgamation assuming that B. Ltd has 1,00,000 equishares and 50,000 preference sharesSol. (As Per Net Payment Method)
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Discussion

10952.	Discount rs 100 allowed to ram was not debited to discount account. which type o error is this?
Answer» - this is the omission error- In which the transaction has not been POSTED to any of the accountExplanation:PLEASE LIKE my ANSWER and follow me for more answer

Discussion

10953.	Which one of the following enterprises would most likely use a process costing system ?
Answer» tion:A process costing system is used by companies that produce similar or identical UNITS of PRODUCT in batches employing a consistent process. EXAMPLES of companies that use process costing include Chevron Corporation (petroleum products), the Wrigley Company (chewing GUM), and Pittsburgh Paints (paint).

Discussion

10954.	Prepare Anand`s account from the following details
Answer» PLZZZZZZ be CLEAR with UR QUESTION MATE

Discussion

10955.	जनवरी 8 सोहन से चैक द्वारा टाइपराइटर खरीदा
Answer» typewriter a/c............DR to bank. note. PAYMENT is MADE so it is not a CREDIT PURCHASE

Discussion

10956.	(34. The following trial balance of Sri Anil Roy of Rajnagar was drafted by his accountant. defective knowledge in the subject, it had been done incorrectly. You are now askedfollowing trial balance :Trial Balancefor the year ended 31st December, 2016Ledger balancesDebit₹Opening stock49,770Closing stockCapitalFixed assets2,37,000Sundry creditorsSundry debtors62.010Returns inward1.7,200Purchases1,82,760SalesDiscount allowedRates and taxes21,390Commission receivedCash in handBank overdraft1.140Interest paid33,000Rent receivableBills payable11,400Bills receivableWages and salaries45,000Export duty94,200Returns outwardCarriage inwardImport dutyCarriage outward3,6002.4007.50,870[Hints: Treat rent receivable as rent income.)55. Recast the following Trial Balance after incorporating the adiumente men belt
Answer» is this a ESSAY or QUESTION

Discussion

10957.	Supplied goods costing Rs. 600 by Shakuntla, issued invoice at 10% above cost less 5% trade discount
Answer» mark as brainlist new USER PLEASE FOLLOW

Discussion

10958.	What are the closing journal enteies passed on year ending
Answer» tion:The closing entry/entries is one that consists of CLEARING off all income and expense accounts, this is commonly known as your Profit and Loss account which HOLDS your current years trading activity. At the end of each trading YEAR the balance on these accounts are transferred out to the balance SHEET. I think it helped U plz make as brain list

Discussion

10959.	L.Prepare accounting equation and balance sheet from the following information i)Mohan started business with cash rupees 500000 building rupees 300000 and furniture rupees 200000.ii) charge depreciation on the fixed assets @ 5% for 73 days.Tii) rent paid rupees 3000 and rent outstanding 2000,Iv) income earned but not received rupees 4000V) rent not due but paid rupees 6000Vi) purchase goods from Manisha rupees 50000 half of the payment made in cashVii)goods withdrawn for personal use costing 2,000 selling price 2500Viii) sold the personal car of the Mohan and invested the amount in the firm's bank account 60000
Answer» it is very SIMPLE U can SOLVE this PROBLEM EASILY

Discussion

10960.	Please answer it fast....
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Discussion

10961.	Goods costing Rs 40000 bought on credit. journal entries
Answer» Hi - I will assume that you are purchasing goods for INVENTORY. If it for another purpose, only the asset account will changes names to reflect the PURCHASE.Dr - Inventory - RS 40,000CR - Accounts PAYABLE - RS 40,000Journal Note: to RECORD purchase of RS 40,000 for inventory

Discussion

10962.	Received loan from mohan and deposited in the bank journal entrt
Answer» when he RECEIVED LOAN then the ENTRY will be: loan a/c Dr. To mohan when he deposit it in the BANK then the entry will be: bank a/c Dr. To loan a/c

Discussion

10963.	Somo-Dev company where ascens Yeask the calendes yeas puseson st April 2017 Machine carteRs 30000. It Purchased gunthesMachinery op 14 okt 2017 COMORs 20000and on I quly 2018:Costing Rs 20000as than 2019, 43rd of the machiawhich was purchased on Apala2017 become obsolete and wB 2.000. show maeleAuount oy charging 207 PaDepreciation using pued Tostalomethod for 3 years.sold for
Answer» msuagvsusnwjebeybrbriemdisnsyebdodhslis GYI swbnwisveuebsydbdhExplanation:nudbdudhdhdbdbsjjjbhjdndosksngdydgdvdbduduebebeiksjjjhdhdhdnjin

Discussion

10964.	For transfer of various assets taken over by the Transferee Company_____________Alc is debited
Answer» thisExplanation:❣️❣️❣️❣️❣️❣️️

Discussion

10965.	The following particulars have been extracted from the books of Zahir Hussain. You are required to enter them in his journal.30ParRs.1999Jan.1 Contributed CapitalPaid for furniturePaid into Bank3 Bought goodsBought goods from Kamakshi Mills5 Sold to M/s. Priya Mills, Calcutta6 Sold to Malan8 Paid for advertisement10 Bought Stationery12 Bought from Kasi Mills, DelhiPaid for freight and carriage15 Paid Kamakshi Mills by Cheque1.00,0004,00036,00017,00012,00018,0008.0001,5005008.00050011,800
Answer» tfhjugj

Discussion

10966.	Rs 50.000 D.D issued for purchasing of goods of rs. 1,00,000 and cheaque paid of Rs 50,500 and rest amount paid by cheaque.
Answer» .................................EXPLANATION:PLEASE MARK as BRAINLIEST

Discussion

10967.	On 1st March, Salim sold goods to Ali on credit of 3,000 for which he received his 3 months acceptance for the same amount. On the due date the bill is not met. According to newarrangement, Ali accepted a new bill including 50 for interest and 30 for noting chargeswhich was paid on the due date. Pass Journal entries in the books of both the parties.
Answer» "CHEAP Thrills" is a song by Australian singer-songwriter Sia from her seventh studio album, This Is Acting (2016). It was written by Sia Furler and Greg Kurstin, while solely produced by Kurstin. An official remix VERSION of "Cheap Thrills" featuring Jamaican singer Sean Paul, and was made AVAILABLE for digital download on 11 February 2016 as the album's second single.[1][2] This version was nominated for the Grammy Award for Best Pop Duo/Group Performance. The song is a "bouncy", "reggae-tinged" synthpop and dancehall song that incorporates "a constant tropical beat and electropop-style synth layers". Paul added his own lyrics to the remix of the song.Explanation:

Discussion

10968.	Purchased goods onCredit from RaganiX 35,000
Answer» PURCHASE a/c. DR. 35000 To RAGINI. 35000

Discussion

10969.	15000 rupees ka maal kharida bhuktan cheque dvara kiya
Answer» BHAI to KYA MAZZA aagaya NA

Discussion

10970.	CASH IN EXCESS OF RS.200 WAS DEPOSITED IN BANK HOW WRITE TEHREE COLUMN CASH BOOK
Answer» vhdidisVdjdidhddjbxcioalsnfhddnnf xhdjpsldnfhdkf

Discussion

10971.	For transfer of various assets taken over by the Transferee Company___________Alc is debited
Answer» amalgamationExplanation:

Discussion

10972.	Please friends, Solve the Quetion
Answer» ABLE to READ the QUESTION PROPERLY

Discussion

10973.	Following is not a fixed asset? 1 goodwill 2 copyright 3 loose tools 4 livestock 5 to write off discount on issue of debentures
Answer» ssets, ALSO known as TANGIBLE ASSETS or property, plant and equipment, is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, described as liquid assets.

Discussion

10974.	Books keeping and accounting
Answer» In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for INTERPRETING, CLASSIFYING, analyzing, reporting, and summarizing the financial DATA. Bookkeeping and accounting may APPEAR to be the same profession to an UNTRAINED eye.hope it will help u

Discussion

10975.	A firm value of good will on the basis of two years of the average profit of preceding five yeaes. tha profit of tha business for the last 5 years were yeares =2015,2016,2017,2018,2019 profit =4500,2500,1500(loss),5000 and 7000. compute the good will?
Answer» ANSWER HELPS you

Discussion

10976.	Enter the following transactions in Dinesh Kumar's two column cash-book with cash and bank columns :2001Mar. I Cash in hand2 Cash at Bank4 Sold Goods for cash6 Deposited in the bank" 10 Goods purchased from SohanPaid Sohan by cheque13 Withdraw cash for office use15. Received cheque from Sushantand sent it to bank18 Bank returned Sushant's cheque dishonoured* 20 Purchased stationery for cash* 25 Bought furniture and paid for the same by cheque" 31 Paid Salary by cheque[Ans. Cash balance Rs. 10,150; Bank balance Rs. 6,750.)Rs.8,75022,3501,2002,5003,0003,0005,0002,40099.299252,4005003,7006,400
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Discussion

Explore topic-wise InterviewSolutions in .

Discount rs 100 allowed to ram was not debited to discount account. which type o error is this?​

Which one of the following enterprises would most likely use a process costing system ?

Prepare Anand`s account from the following details

जनवरी 8 सोहन से चैक द्वारा टाइपराइटर खरीदा​

Supplied goods costing Rs. 600 by Shakuntla, issued invoice at 10% above cost less 5% trade discount

What are the closing journal enteies passed on year ending

Please answer it fast....​

Goods costing Rs 40000 bought on credit. journal entries

Received loan from mohan and deposited in the bank journal entrt

For transfer of various assets taken over by the Transferee Company_____________Alc is debited​

Rs 50.000 D.D issued for purchasing of goods of rs. 1,00,000 and cheaque paid of Rs 50,500 and rest amount paid by cheaque. ​

Purchased goods onCredit from RaganiX 35,000​

15000 rupees ka maal kharida bhuktan cheque dvara kiya​

CASH IN EXCESS OF RS.200 WAS DEPOSITED IN BANK HOW WRITE TEHREE COLUMN CASH BOOK

For transfer of various assets taken over by the Transferee Company___________Alc is debited​

Please friends, Solve the Quetion ​

Following is not a fixed asset? 1 goodwill 2 copyright 3 loose tools 4 livestock 5 to write off discount on issue of debentures ​

Books keeping and accounting​

A firm value of good will on the basis of two years of the average profit of preceding five yeaes. tha profit of tha business for the last 5 years were yeares =2015,2016,2017,2018,2019 profit =4500,2500,1500(loss),5000 and 7000. compute the good will?​

Discount rs 100 allowed to ram was not debited to discount account. which type o error is this?

जनवरी 8 सोहन से चैक द्वारा टाइपराइटर खरीदा

Please answer it fast....

For transfer of various assets taken over by the Transferee Company_____________Alc is debited

Rs 50.000 D.D issued for purchasing of goods of rs. 1,00,000 and cheaque paid of Rs 50,500 and rest amount paid by cheaque.

Purchased goods onCredit from RaganiX 35,000

15000 rupees ka maal kharida bhuktan cheque dvara kiya

For transfer of various assets taken over by the Transferee Company___________Alc is debited

Please friends, Solve the Quetion

Following is not a fixed asset? 1 goodwill 2 copyright 3 loose tools 4 livestock 5 to write off discount on issue of debentures

Books keeping and accounting

A firm value of good will on the basis of two years of the average profit of preceding five yeaes. tha profit of tha business for the last 5 years were yeares =2015,2016,2017,2018,2019 profit =4500,2500,1500(loss),5000 and 7000. compute the good will?