10977 + Interview Questions in Secondary School in Accountancy Page 3 InterviewSolution

101.	1. Machinery costing Rs. 50000 sold for 40000 in cash 2. Sold goods to Mr X Rs. 40000 at a trade discount of 10% received half amount on the same date. 3. Purchased goods from Mr Y on cash basis for Rs. 20000 at a discount 5% 4. Rent outstanding Rs. 5000 5. Advance commission received Rs. 3000
Answer» yioojhgghjkkkfdhufyksgdgxbbcbxhfhthrhthkteyetdyydyry

101.

1. Machinery costing Rs. 50000 sold for 40000 in cash 2. Sold goods to Mr X Rs. 40000 at a trade discount of 10% received half amount on the same date. 3. Purchased goods from Mr Y on cash basis for Rs. 20000 at a discount 5% 4. Rent outstanding Rs. 5000 5. Advance commission received Rs. 3000

Answer»

yioojhgghjkkkfdhufyksgdgxbbcbxhfhthrhthkteyetdyydyry

Discussion

102.	In which year, the present Punjab was formed? / ਕਿਸ ਸਾਲ ਵਿੱਚ ਵਰਤਮਾਨ ਪੰਜਾਬ ਦਾ ਨਿਰਮਾਣ ਹੋਇਆ? / वर्तमान पंजाब का गठन किस वर्ष हुआ था? *1966197119651969चेक किया है आंसर
Answer» 1 नवंबर,1966 ई० में पंजाब को विभाजित करके (पंजाबी भाषा) एवं हरियाणा (हिंदी भाषी) दो राज्य बना दिए गए. please MARK me BRAINLIEST

102.

In which year, the present Punjab was formed? / ਕਿਸ ਸਾਲ ਵਿੱਚ ਵਰਤਮਾਨ ਪੰਜਾਬ ਦਾ ਨਿਰਮਾਣ ਹੋਇਆ? / वर्तमान पंजाब का गठन किस वर्ष हुआ था? *1966197119651969चेक किया है आंसर

Answer»

1 नवंबर,1966 ई० में पंजाब को विभाजित करके (पंजाबी भाषा) एवं हरियाणा (हिंदी भाषी) दो राज्य बना दिए गए.

please MARK me BRAINLIEST

Discussion

103.	Accounting equation holds good in all circumstances
Answer» Answer: Accounting equation signifies that the asset of a BUSINESS are always equal to the TOTAL of capital and LIABILITIES. A business transaction will result in the change in either of the asset,liabilities or capital of the FIRM and EVEN after the change the asset will be again equal to the total of capital and liabilities. HOPE YOU HAVE A GREAT DAY!

103.

Accounting equation holds good in all circumstances

Answer»

Answer:

Accounting equation signifies that the asset of a BUSINESS are always equal to the TOTAL of capital and LIABILITIES. A business transaction will result in the change in either of the asset,liabilities or capital of the FIRM and EVEN after the change the asset will be again equal to the total of capital and liabilities.

HOPE YOU HAVE A GREAT DAY!

Discussion

104.	Commission received from Krishna rs200 wrongly credited to Krishna a/c.error of principlerectify them before trial balanceafter trial balanceafter final a/c's
Answer» Answer: Explanation: CORRECT ENTRY SHOULD HAVE BEEN CASH A/C DR 200.00 TO COMMISSION A/C 200.00 NOTE : CONSIDERED THAT COMMISSION IS RECEIVED IN CASH WRONG ENTRY PASSED CASH A/C DR 200.00 TO KRISHNA A/C 200.00 NOW CORRECT ENTRY WILL BE KRISHNA A/C DR 200.00 TO COMMISSION A/C 200.00 (Being commission received from Krishna Rs200 wrongly CREDITED to Krishna a/c) after passing this entry, every account will be correct and then FINAL ACCOUNTS can be prepared

104.

Commission received from Krishna rs200 wrongly credited to Krishna a/c.error of principlerectify them before trial balanceafter trial balanceafter final a/c's

Answer»

Answer:

Explanation:

CORRECT ENTRY SHOULD HAVE BEEN

CASH A/C DR 200.00

TO COMMISSION A/C 200.00

NOTE : CONSIDERED THAT COMMISSION IS RECEIVED IN CASH

WRONG ENTRY PASSED

CASH A/C DR 200.00

TO KRISHNA A/C 200.00

NOW CORRECT ENTRY WILL BE

KRISHNA A/C DR 200.00

TO COMMISSION A/C 200.00

(Being commission received from Krishna Rs200 wrongly CREDITED to Krishna a/c)

after passing this entry, every account will be correct and then FINAL ACCOUNTS can be prepared

Discussion

105.	Interest on fixed deposit is a nominal account .
Answer» True, INTEREST on fixed deposit is a nominal credit account . Any profit EARNED, interest RECEIVED, expenditure, revenue, losses are CHARACTERIZED in nominal account.

105.

Interest on fixed deposit is a nominal account .

Answer»

True, INTEREST on fixed deposit is a nominal credit account .

Any profit EARNED, interest RECEIVED, expenditure, revenue, losses are CHARACTERIZED in nominal account.

Discussion

106.	Journal entry for semi purchased building. kindly answer it . Thank you. Will mark it as brainliest if it is right.
Answer» ANSWER: L don't KNOW this answer, SORRY for this

106.

Journal entry for semi purchased building. kindly answer it . Thank you. Will mark it as brainliest if it is right.

Answer»

ANSWER:

L don't KNOW this answer, SORRY for this

Discussion

107.	The following purchases were made by a business house having two departments in 2017-18 .Department X - 2,000 units and department Z - 12,00 units ( at a total cost of Rs. 75,000) Stock on 1st April 2017 ; Department X : 120 units and Department Z : 80 units.Sales during the year 2017 - 18 were : Department X : 1020 units at Rs. 10 eachDepartment Z : 1920 units at Rs . 12.50 each The Rate of Gross Profit is the same in each case. Calculate Rate of Gross Profit, Cost per unit , Purchases , Opening Stock , Closing Stock from the above information.
Answer» *MAKE* me BRAINLIST then I will ANS you and THANK me

Discussion

108.	2. Not for profit concern renders social services to public at large.
Answer» *not* *for* profit *concerns* are recorded in mostly they DEAL with public money . these concerns collect are answerrable to the society for such money collected and spent**

108.

2. Not for profit concern renders social services to public at large.

Answer»

not for profit concerns are recorded in

mostly they DEAL with public money .

these concerns collect are answerrable to the society for such money collected and spent

Discussion

109.	Q4: Prepare Purchase a/c, sales a/c, Purchase Return a/c, Sales Return a/c, Cash a/c from the following information from the books of Rahim & Sons.Jan 1. Purchased goods worth Rs.2000 @ 10 % Trade Discount from Malik and paid 50% cashJan 3. Purchased furniture from Keshav on CreditJan 5. Sold goods to Yakub @ 5 % Trade discount on credit worth Rs.4000Jan 7 Returned goods to Malik worth Rs.1000Jan 9 Purchased goods from Waris worth Rs.5000 by cashJan 13 Paid to Malik Rs.900 in full settlementJan 15 Yaqub returned goods worth Rs.1500, and paid Rs. 2300 in full settlementJan 16 Returned goods worth Rs.1200 to Waris
Answer» HOPE this HELPS you THANKYOU

Discussion

110.	1. A deceased partner is not entitled to Goodwill of the firm
Answer» Answer: This statement is False. A deceased partner's contribution was there in the DEVELOPMENT of business and goodwill is the VALUE of the business in terms of money. Hence, a deceased partner is entitled to RECEIVE the goodwill of the firm.

110.

1. A deceased partner is not entitled to Goodwill of the firm

Answer»

Answer:

This statement is False. A deceased partner's contribution was there in the DEVELOPMENT of business and goodwill is the VALUE of the business in terms of money. Hence, a deceased partner is entitled to RECEIVE the goodwill of the firm.

Discussion

111.	Ún 2013 - 14 € on 1 10.14 fire broke out in the godown of me. Suresh which destroyed all stocks calculate the amount of Insurance claim for the stock from the following details Sales in 2012-13 , Rs. 300,000 Gross profit un 2012-13 $60,000 sales in 40,0000 -Gross profit in do 13-14 is R, 60,000 slock as on 1.4.2014 was 2,90,000 perrchases from 1.4.2013 to the the date of fire was 4,00,000 sales from 1.4.2014 to the date 8 @ 22 7,20,000 a slock as on 31.3.14 had been undervailed by s.l. b Slock taking held in June had revealed that slock casting & 60.000 well lying in the damaged conditions c. 5of of the block had been sold in August 2014 at 50% of the cost & the balance were expected to be sold 40% of the cost
Answer» ANSWER: bsbsndkgajdbfhfbfjdhs

111.

Ún 2013 - 14 € on 1 10.14 fire broke out in the godown of me. Suresh which destroyed all stocks calculate the amount of Insurance claim for the stock from the following details Sales in 2012-13 , Rs. 300,000 Gross profit un 2012-13 $60,000 sales in 40,0000 -Gross profit in do 13-14 is R, 60,000 slock as on 1.4.2014 was 2,90,000 perrchases from 1.4.2013 to the the date of fire was 4,00,000 sales from 1.4.2014 to the date 8 @ 22 7,20,000 a slock as on 31.3.14 had been undervailed by s.l. b Slock taking held in June had revealed that slock casting & 60.000 well lying in the damaged conditions c. 5of of the block had been sold in August 2014 at 50% of the cost & the balance were expected to be sold 40% of the cost

Answer»

ANSWER:

bsbsndkgajdbfhfbfjdhs

Discussion

112.	Issue of shares at its face value
Answer» A company can issue its shares either at par, at a PREMIUM or even at a discount. ... And of course, shares sold at discount cost LESS than the FACE/nominal value. This MEANS that when shares are issued at the face value means when the issue PRICE is equal to the face value then it is called as the issue of shares at par

Discussion

113.	A 19500, Process B 18800, Process C 10000 prepare process account. अथवा/OR निम्नलिखित सूचनाओं के आधार पर वित्तीय लेखों के अनुसार लाभ ज्ञात कीजिए (1) लागत लेखों के अनुसार लाभ 75000रु. (2) कार्यालय उपरिव्यय लागत लेखों में क्रम वसूल किये गये 5000 5. (3) अशोध्य ऋण के लिए संचय 500रु. (4) कारखाना उपरिव्यय लागत लेखों में अधिक वसूल किये गये 7000 रु. (5) विनियोगों पर लाभ प्राप्त 750 रु. (6) बैंक ब्याज प्राप्त 450 रु. (7) आयकर के लिए प्रावधान 10000 5 2500 रु. (8) वित्तीय पुस्तकों में अतिरिक्त हृास लिखा गया On the basis of following information find out profit as per financial Accounts: 75000Rs.
Answer» ANSWER: SORRY I don't know muje NHI AATA BHAI

113.

A 19500, Process B 18800, Process C 10000 prepare process account. अथवा/OR निम्नलिखित सूचनाओं के आधार पर वित्तीय लेखों के अनुसार लाभ ज्ञात कीजिए (1) लागत लेखों के अनुसार लाभ 75000रु. (2) कार्यालय उपरिव्यय लागत लेखों में क्रम वसूल किये गये 5000 5. (3) अशोध्य ऋण के लिए संचय 500रु. (4) कारखाना उपरिव्यय लागत लेखों में अधिक वसूल किये गये 7000 रु. (5) विनियोगों पर लाभ प्राप्त 750 रु. (6) बैंक ब्याज प्राप्त 450 रु. (7) आयकर के लिए प्रावधान 10000 5 2500 रु. (8) वित्तीय पुस्तकों में अतिरिक्त हृास लिखा गया On the basis of following information find out profit as per financial Accounts: 75000Rs.

Answer»

ANSWER:

SORRY

I don't know

muje NHI AATA BHAI

Discussion

114.	Ch-3accounting equation * comence bussiness with cash 20,000
Answer» ANSWER: ASSET capital 20000 EQUALS 20000

114.

Ch-3accounting equation * comence bussiness with cash 20,000

Answer»

ANSWER:

ASSET capital

20000 EQUALS 20000

Discussion

115.	Current ratio = 2.5 : 1 Current Liabilities = Rs. 1,60,000 Quick Ratio = 1.5 : 1 Calculate value of current assets, quick assets & inventory.
Answer» Explanation: ★ Current Assets : Current Ratio = 2.5 : 1 Current Ratio = $\longrightarrow{\sf{\dfrac{Current \: Assets}{Current \: Liabilities} \: = \: \dfrac{2.5}{1}}}$ $\longrightarrow{\sf{\dfrac{Current \: Assets}{1,60,000} \: = \: \dfrac{2.5}{1}}}$ $\longrightarrow$ Current Assets = 1,60,000 × 2.5 $\longrightarrow$ 4,00,000 Current Assets = 4,00,000 __________________ ★ QUICK Assets : Quick Ratio = 1.5 : 1 Quick Ratio = $\sf{\longrightarrow{\dfrac{Quick \: Assets}{Current \: Liabilities} \: = \: \dfrac{1.5}{1}}}$ $\sf{\longrightarrow{\dfrac{Quick \: Assets}{1,60,000} \: = \: \dfrac{1.5}{1}}}$ $\longrightarrow$ Quick Assets = 1,60,000 × 1.5 $\longrightarrow$ 2,40,000 Quick Assets = 2,40,000 __________________ ★ INVENTORY : $\longrightarrow$ Quick Assets = Current Assets - Inventory $\longrightarrow$ Inventory = Current Assets-Quick Assets $\longrightarrow$ 4,00,000 - 2,40,000 $\longrightarrow$ 1,60,000 Inventory = 1,60,000 Therefore, Current Assets = 4,00,000, Quick Assets = 2,40,000 and Inventory= 1,60,000

115.

Current ratio = 2.5 : 1 Current Liabilities = Rs. 1,60,000 Quick Ratio = 1.5 : 1 Calculate value of current assets, quick assets & inventory.

Answer»

Explanation:

★ Current Assets :

Current Ratio = 2.5 : 1

Current Ratio =

$\longrightarrow{\sf{\dfrac{Current \: Assets}{Current \: Liabilities} \: = \: \dfrac{2.5}{1}}}$

$\longrightarrow{\sf{\dfrac{Current \: Assets}{1,60,000} \: = \: \dfrac{2.5}{1}}}$

$\longrightarrow$ Current Assets = 1,60,000 × 2.5

$\longrightarrow$ 4,00,000

Current Assets = 4,00,000

__________________

★ QUICK Assets :

Quick Ratio = 1.5 : 1

Quick Ratio =

$\sf{\longrightarrow{\dfrac{Quick \: Assets}{Current \: Liabilities} \: = \: \dfrac{1.5}{1}}}$

$\sf{\longrightarrow{\dfrac{Quick \: Assets}{1,60,000} \: = \: \dfrac{1.5}{1}}}$

$\longrightarrow$ Quick Assets = 1,60,000 × 1.5

$\longrightarrow$ 2,40,000

Quick Assets = 2,40,000

__________________

★ INVENTORY :

$\longrightarrow$ Quick Assets = Current Assets - Inventory

$\longrightarrow$ Inventory = Current Assets-Quick Assets

$\longrightarrow$ 4,00,000 - 2,40,000

$\longrightarrow$ 1,60,000

Inventory = 1,60,000

Therefore,

Current Assets = 4,00,000,
Quick Assets = 2,40,000 and
Inventory= 1,60,000

Discussion

116.	Can someone send me the solutions of Accounts class 11 SC. Sharma
Answer» ANSWER: I am in 8TH CLASS sorryyyyyyyyyyyyyyyy

116.

Can someone send me the solutions of Accounts class 11 SC. Sharma

Answer»

ANSWER:

I am in 8TH CLASS sorryyyyyyyyyyyyyyyy

Discussion

117.	Following is the receipt and Payment account of Nehru Club for the year ending 31st December, 2019. Receipt and Payment Account Receipts Amount Payment Amount Cash (1 Jan, 2019) Subscription 2018 1200 2019 18000 2020 3000 Donation Entrance Fees Interest on Investment 2400 22200 6000 6400 400 Salaries 8% Investment Rent Furniture Electricity Advertisement Cash (31st Dec, 2019) 10000 10000 4000 8000 3000 1400 1000 37400 37400 Additional Information: 1. Total numbers of members are 500. Each member is contributing Rs. 40 p.a. 2. Salaries are paid for 10 months. 3. Rent outstanding Rs. 500. 4. Depreciate Furniture by 10%. Prepare Income and Expenditure Account.
Answer» SUBJECT -IT homework-complete COPY WORK of ch-1(COMMUNICATION skills), ch-1(part-b ,introduction of IT and ITes industry..)

Discussion

118.	10. Following is the receipt and Payment account of Nehru Club for the year ending 31" December, 2019 Receipt and Payment Account Receipts Amount Payment Amount Cash (1 Jan, 2019) 2400 Salaries 10000 Subscription 8% Investment 10000 2018 1200 Rent 4000 2019 18000 Furniture 8000 2020 3000 22200 Electricity 3000 Donation 6000 Advertisement 1400 Entrance Fees 6400 Cash (31st Dec, 2019) 1000 Interest on Investment 400 37400 37400 Additional Information: 1. Total numbers of members are 500. Each member is contributing Rs. 40 p.a. 2. Salaries are paid for 10 months. 3. Rent outstanding Rs. 500. 4. Depreciate Furniture by 10%. Prepare Income and Expenditure Account. (6)
Answer» Answer: following table shows its temperature, in c (degree celsius), in t(minutes after it boiled). Reena believes that the relation between c and t is MODELLED by a linear equation. c = -2.24t + 105, 0 ≤ t ≤ 20 The teacher observed Reena and was impressed with her work and EFFORTS. To test Reena on the basis of her understanding and THOROUGHNESS of her work, the teacher asked her the following questions. Can you help Reena with her ANSWERS? Q1. In your opinion, what are the DEPENDENT

118.

10. Following is the receipt and Payment account of Nehru Club for the year ending 31" December, 2019 Receipt and Payment Account Receipts Amount Payment Amount Cash (1 Jan, 2019) 2400 Salaries 10000 Subscription 8% Investment 10000 2018 1200 Rent 4000 2019 18000 Furniture 8000 2020 3000 22200 Electricity 3000 Donation 6000 Advertisement 1400 Entrance Fees 6400 Cash (31st Dec, 2019) 1000 Interest on Investment 400 37400 37400 Additional Information: 1. Total numbers of members are 500. Each member is contributing Rs. 40 p.a. 2. Salaries are paid for 10 months. 3. Rent outstanding Rs. 500. 4. Depreciate Furniture by 10%. Prepare Income and Expenditure Account. (6)

Answer»

Answer:

following table shows its temperature, in c (degree celsius), in t(minutes after it boiled).

Reena believes that the relation between c and t is MODELLED by a linear equation.

c = -2.24t + 105, 0 ≤ t ≤ 20

The teacher observed Reena and was impressed with her work and EFFORTS. To test Reena on the basis of her understanding and THOROUGHNESS of her work, the teacher asked her the following questions.

Can you help Reena with her ANSWERS?

Q1. In your opinion, what are the DEPENDENT

Discussion

119.	Journalise the following transactions. Deposited cash with bank 40,000
Answer» ANSWER: BANK A/c DR. 5000 To CASH A/c. 5000

119.

Journalise the following transactions. Deposited cash with bank 40,000

Answer»

ANSWER:

BANK A/c DR. 5000

To CASH A/c. 5000

Discussion

120.	From the following calculate the subscription for the current year: 1.1.2021 (Rs.) 31.12.2021(Rs.) Outstanding Subscription 9500 10000 Subscription received in advance 6200 8700 Subscription received during the year 2021 Rs.2, 50,000
Answer» Answer: REFER the attachment Explanation: From the following calculate the SUBSCRIPTION for the CURRENT year: 1.1.2021 (Rs.) 31.12.2021(Rs.) Outstanding Subscription 9500 10000 Subscription received in ADVANCE 6200 8700 Subscription received during the year 2021 Rs.2, 50,000

120.

From the following calculate the subscription for the current year: 1.1.2021 (Rs.) 31.12.2021(Rs.) Outstanding Subscription 9500 10000 Subscription received in advance 6200 8700 Subscription received during the year 2021 Rs.2, 50,000

Answer»

Answer:

REFER the attachment

Explanation:

From the following calculate the SUBSCRIPTION for the CURRENT year: 1.1.2021 (Rs.) 31.12.2021(Rs.) Outstanding Subscription 9500 10000 Subscription received in ADVANCE 6200 8700 Subscription received during the year 2021 Rs.2, 50,000

Discussion

121.	Prepare Accounting Equation from the following Information : (1) Started business with cash 1,00,000, goods 40,000 and furniture 60,000. (2) Purchased goods for cash 20,000 and on credit 30,000. (3) Goods costing 24,000 sold at a profit of 25% and only 60% amount received in cash. (4) Furniture costing 20,000 sold at a loss of 10%. (5) Amount paid to creditors Rs. 18,000 in full settlement of Rs. 20,000. (6) Amount received from debtors 4,000 in full settlement of 5,000. (7) Salary paid 5,000 and outstanding salary 4,000. (8) Insurance premium paid 12,000 (Including 3,000 in advance) (9) Additional capital introduced 25,000 (10) Depreciation charged on furniture 8,000. (11) Goods withdrawn for personal use 5,000.
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Discussion

122.	A super market has a single cashier. During thepeak hours, customers arrive at a rate of 20 customers per hour. The average number of customers that can be processed by the cashier is 24 per hour. Calculate (a) Probability that cashier is idle. (b) Average number of customers queueing system.
Answer» Answer: here's your answer if you FIND it helpful then PLEASE mark my answer as BRAINLIEST

122.

A super market has a single cashier. During thepeak hours, customers arrive at a rate of 20 customers per hour. The average number of customers that can be processed by the cashier is 24 per hour. Calculate (a) Probability that cashier is idle. (b) Average number of customers queueing system.

Answer»

Answer:

here's your answer

if you FIND it helpful then PLEASE mark my answer as BRAINLIEST

Discussion

123.	What is the output of following
Answer» ANSWER: the PIC is BLURRED so PLS attatch it again

123.

What is the output of following

Answer»

ANSWER:

the PIC is BLURRED so PLS attatch it again

Discussion

124.	There is no activity without its ability to apply cost accounting to it because all activities can be applied to cost accounting’. Please explain the statement.
Answer» ANSWER: SORRY I can't GIVE its answer

124.

There is no activity without its ability to apply cost accounting to it because all activities can be applied to cost accounting’. Please explain the statement.

Answer»

ANSWER:

SORRY I can't GIVE its answer

Discussion

125.	Prepare Accounting Equation from the following transactions:(i) Ramesh started business with cash 2,70,000; goods 20,000; furniture 45,000. (ii) Deposited 50,000 in bank. (iii) Purchased goods for 40,000 for cash and for 60,000 on credit from Renu. (iv) Sold 4 th of the goods at a profit of 20%. Half of the payment Received in cash. (v) Withdrew 20,000 from bank for personal use. (vi) Invested 10,000 in securities, payment made through bank. (vii) Interest on drawings 200. (viii) Salary paid 20,000 and salary outstanding 5,000. (ix) Commission received Rs. 10,000. Out of which Rs. 50,000 is in advance.
Answer» ANSWER: कौवा चला हंस की चाल का मतलब हुआ। अपने निजी गुणों को छोड़कर किसी दूसरे की नकल करना। पूरी कहावत इस प्रकार है, कौवा चला हंस की चाल, अपनी भी चाल भूला। अर्थात् उच्च वर्ग की नकल करने पर व्यक्ति अपने सहज गुण भी भूल जाता है।

125.

Prepare Accounting Equation from the following transactions:(i) Ramesh started business with cash 2,70,000; goods 20,000; furniture 45,000. (ii) Deposited 50,000 in bank. (iii) Purchased goods for 40,000 for cash and for 60,000 on credit from Renu. (iv) Sold 4 th of the goods at a profit of 20%. Half of the payment Received in cash. (v) Withdrew 20,000 from bank for personal use. (vi) Invested 10,000 in securities, payment made through bank. (vii) Interest on drawings 200. (viii) Salary paid 20,000 and salary outstanding 5,000. (ix) Commission received Rs. 10,000. Out of which Rs. 50,000 is in advance.

Answer»

ANSWER:

कौवा चला हंस की चाल का मतलब हुआ। अपने निजी गुणों को छोड़कर किसी दूसरे की नकल करना। पूरी कहावत इस प्रकार है, कौवा चला हंस की चाल, अपनी भी चाल भूला। अर्थात् उच्च वर्ग की नकल करने पर व्यक्ति अपने सहज गुण भी भूल जाता है।

Discussion

126.	Communicating definitation in accounting
Answer» ✪Answer✪ Communication is the core activity of the accounting PROFESSION, transmitting information from ONE person to another, from one organisation to another – or a combination of both – and to the shareholders and other stakeholders of the organisation. HOPE IT'S HELP YOU PLEASE MARK ME AS BRAINLIEST

126.

Communicating definitation in accounting

Answer»

✪Answer✪

Communication is the core activity of the accounting PROFESSION, transmitting information from ONE person to another, from one organisation to another – or a combination of both – and to the shareholders and other stakeholders of the organisation.

HOPE IT'S HELP YOU

PLEASE MARK ME AS BRAINLIEST

Discussion

127.	Anil had the following transactions. Prepare accounting equation. i. ii. iii. iv. v. vi. vii. viii. ix. Commenced business with cash Rs 50,000. Purchase goods for cash Rs 20,000 and credit Rs 30,000. Sold goods for cash Rs 40,000 costing Rs 30,000. Rent paid Rs 500, Salaries Rs 1,000. Rent outstanding Rs 100 Salaries outstanding Rs 1,000. Bought furniture for Rs 5,000 on credit. Bought refrigerator for personal use Rs 5,000 paid cash. Purchase computer for cash Rs 20,000. Cash withdrawn for personal use Rs 10,000.
Answer» Answer: following table shows its temperature, in c (degree celsius), in t(minutes after it boiled). Reena believes that the relation between c and t is modelled by a LINEAR equation. c = -2.24t + 105, 0 ≤ t ≤ 20 The teacher observed Reena and was IMPRESSED with her work and efforts. To test Reena on the basis of her understanding and thoroughness of her work, the teacher asked her the following questions. Can you help Reena with her answers? Q1. In your OPINION, what are the dependent

127.

Anil had the following transactions. Prepare accounting equation. i. ii. iii. iv. v. vi. vii. viii. ix. Commenced business with cash Rs 50,000. Purchase goods for cash Rs 20,000 and credit Rs 30,000. Sold goods for cash Rs 40,000 costing Rs 30,000. Rent paid Rs 500, Salaries Rs 1,000. Rent outstanding Rs 100 Salaries outstanding Rs 1,000. Bought furniture for Rs 5,000 on credit. Bought refrigerator for personal use Rs 5,000 paid cash. Purchase computer for cash Rs 20,000. Cash withdrawn for personal use Rs 10,000.

Answer»

Answer:

following table shows its temperature, in c (degree celsius), in t(minutes after it boiled).

Reena believes that the relation between c and t is modelled by a LINEAR equation.

c = -2.24t + 105, 0 ≤ t ≤ 20

The teacher observed Reena and was IMPRESSED with her work and efforts. To test Reena on the basis of her understanding and thoroughness of her work, the teacher asked her the following questions.

Can you help Reena with her answers?

Q1. In your OPINION, what are the dependent

Discussion

128.	Calculate the amount to be shown in income and expenditure account ?
Answer» Answer: 8yxtixtitxtxzyezurzurzrz7rzx7txutdtuxitxiturzurur

128.

Calculate the amount to be shown in income and expenditure account ?

Answer»

Answer:

8yxtixtitxtxzyezurzurzrz7rzx7txutdtuxitxiturzurur

Discussion

129.	(8) De Daw eartage 5. A trader commenced business with cash 5,000, goods * 4,000 and furniture 3,000 on 1st January, 2017. The following transaction took place during the month 2017 January 02 Sold goods to Anil * 1,000. (cash) January 04 Sold goods to Amit * 1,500. (credit) January 06 Sold goods to Sunil for cash 2,000. January 08 Bought goods from Sunil * 3,000. (cash) January 10 Bought goods from Sunil * 3,500. (credit) January 12 Bought goods from Vimal' 4,000. (cash) January 14 Goods returned by Anil 3 100. January 16 Goods returned to Sunil 150. January 18 Purchased furniture 1,000. January 20. Purchased machinery from Ram for cash * 1,500. Record these transactions in journal. (Ans. Total of journal 329,750)
Answer» ANSWER: here is your answer WRITE from it

129.

(8) De Daw eartage 5. A trader commenced business with cash 5,000, goods * 4,000 and furniture 3,000 on 1st January, 2017. The following transaction took place during the month 2017 January 02 Sold goods to Anil * 1,000. (cash) January 04 Sold goods to Amit * 1,500. (credit) January 06 Sold goods to Sunil for cash 2,000. January 08 Bought goods from Sunil * 3,000. (cash) January 10 Bought goods from Sunil * 3,500. (credit) January 12 Bought goods from Vimal' 4,000. (cash) January 14 Goods returned by Anil 3 100. January 16 Goods returned to Sunil 150. January 18 Purchased furniture 1,000. January 20. Purchased machinery from Ram for cash * 1,500. Record these transactions in journal. (Ans. Total of journal 329,750)

Answer»

ANSWER:

here is your answer WRITE from it

Discussion

130.	Hlo Tell me answer....,..
Answer» ANSWER: zjk-nuof-rpk Explanation: can you COME here's hope it HELPS you

130.

Hlo Tell me answer....,..

Answer»

ANSWER:

zjk-nuof-rpk

Explanation:

can you COME here's

hope it HELPS you

Discussion

131.	12) The proprietor is treated as a creditor to the extent of his capital according to(a) cost Concept(b) business Entity Concept(c) going Concern Concept(d) materiality Concept
Answer» ANSWER: (d) MATERIALITY Concept Ihope it HELPS you

131.

12) The proprietor is treated as a creditor to the extent of his capital according to(a) cost Concept(b) business Entity Concept(c) going Concern Concept(d) materiality Concept

Answer»

ANSWER:

(d) MATERIALITY Concept

Ihope it HELPS you

Discussion

132.	Interest received from Building Fund Investments should be— (a) credited to Building Fund Investment A/c (b) debited to Building Account (c) credited to Income & Expenditure A/c (d) credited to Building Fund A/c
Answer» MARK ME BRAINLEST. I will be very HAPPY

Discussion

133.	Received cash from Lakshay in full settlement of his account at a discount of ₹ 2,000 which was 10% of the settled amount. please i need answer correct
Answer» Answer: Received cash from LAKSHAY in FULL settlement of his account at a DISCOUNT of ₹ 2,000 which was 10% of the settled amount. please i need answer correct

133.

Received cash from Lakshay in full settlement of his account at a discount of ₹ 2,000 which was 10% of the settled amount. please i need answer correct

Answer»

Answer:

Received cash from LAKSHAY in FULL settlement of his account at a DISCOUNT of ₹ 2,000 which was 10% of the settled amount. please i need answer correct

Discussion

134.	Show the following items in the balance sheet of Amba Ltd. as on March 31,2017: Rs.8% Debentures 10,00,000,Equity share capital 50,00,000,Securities premium 20,000,Preliminary expenses 40,000,Statement of Profit & Loss (cr.) 1,50,000,Loose tools 20,000,Bank balance 60,000Cash in hand 38000
Answer» Answer: Equity share CAPITAL. 50,00,000. SECURITIES premium. 20,000. PRELIMINARY expenses. 40,000. STATEMENT of Profit & Loss (cr.) 1, 50,000.

134.

Show the following items in the balance sheet of Amba Ltd. as on March 31,2017: Rs.8% Debentures 10,00,000,Equity share capital 50,00,000,Securities premium 20,000,Preliminary expenses 40,000,Statement of Profit & Loss (cr.) 1,50,000,Loose tools 20,000,Bank balance 60,000Cash in hand 38000

Answer»

Answer:

Equity share CAPITAL. 50,00,000. SECURITIES premium. 20,000. PRELIMINARY expenses. 40,000. STATEMENT of Profit & Loss (cr.) 1, 50,000.

Discussion

135.	_is prepared after profit and loss accounts in partnership A/C
Answer» Explanation: This is prepared after preparing Profit & LOSS A/c. In the case of partnership firms, it is prepared to show how profits are DISTRIBUTED among the partners INVOLVED in the

135.

_is prepared after profit and loss accounts in partnership A/C

Answer»

Explanation:

This is prepared after preparing Profit & LOSS A/c. In the case of partnership firms, it is prepared to show how profits are DISTRIBUTED among the partners INVOLVED in the

Discussion

136.	XYZ printers purchased a printing machine for 27 lakhs on 1st April,2020. The market price of the machine on 31st March, 2021 was 32 lakhs. The company values the machine at 32 lakhs while preparing its balance sheet. Which of the accounting principle does the firm violate?
Answer» Answer: Sorry I am a CLASS q0th student and I can't solve this QUESTION

136.

XYZ printers purchased a printing machine for 27 lakhs on 1st April,2020. The market price of the machine on 31st March, 2021 was 32 lakhs. The company values the machine at 32 lakhs while preparing its balance sheet. Which of the accounting principle does the firm violate?

Answer»

Answer:

Sorry I am a CLASS q0th student and I can't solve this QUESTION

Discussion

137.	Purchased goods from Harshad Enterprises for ₹ 1,25,000 and issued a bank draft for half of the amount (bank charges ₹ 200). no one give correct answer
Answer» EXPLANATION: PURCHASE dr. 125000 Bank charges dr. 200 To bank 62500 To harsad enterprise 62700

137.

Purchased goods from Harshad Enterprises for ₹ 1,25,000 and issued a bank draft for half of the amount (bank charges ₹ 200). no one give correct answer

Answer»

EXPLANATION:

PURCHASE dr. 125000

Bank charges dr. 200

To bank 62500

To harsad enterprise 62700

Discussion

138.	60% amount received from a debtor on his account of ₹ 10,000.
Answer» ANSWER: Adult great Indian bustards have few NATURAL enemies, but they display CONSIDERABLE agitation around certain predatory BIRDS, such as eagles and Egyptian vultures (NEOPHRON percnopterus). The only animals that have been observed to attack them are gray wolves (Canis lupus).

138.

60% amount received from a debtor on his account of ₹ 10,000.

Answer»

ANSWER:

Adult great Indian bustards have few NATURAL enemies, but they display CONSIDERABLE agitation around certain predatory BIRDS, such as eagles and Egyptian vultures (NEOPHRON percnopterus). The only animals that have been observed to attack them are gray wolves (Canis lupus).

Discussion

139.	Reliability of Accounting information depends upon
Answer» Answer: Information is reliable if a user can depend upon it to be materially accurate and if it faithfully REPRESENTS the information that it purports to present. SIGNIFICANT misstatements or omissions in FINANCIAL statements REDUCE the reliability of information contained in them. if answer helps MARK me as a Brainlist and follow me

139.

Reliability of Accounting information depends upon

Answer»

Answer:

Information is reliable if a user can depend upon it to be materially accurate and if it faithfully REPRESENTS the information that it purports to present. SIGNIFICANT misstatements or omissions in FINANCIAL statements REDUCE the reliability of information contained in them.

if answer helps MARK me as a Brainlist and follow me

Discussion

140.	Business shop expenses ₹ 2,500 paid by the proprietor personally.
Answer» Answer: Accounts payable ENTRY. When RECORDING an account payable, debit the ASSET or EXPENSE account to which a purchase relates and credit the accounts payable account. When an account payable is paid, debit accounts payable and credit cash.

140.

Business shop expenses ₹ 2,500 paid by the proprietor personally.

Answer»

Answer:

Accounts payable ENTRY. When RECORDING an account payable, debit the ASSET or EXPENSE account to which a purchase relates and credit the accounts payable account. When an account payable is paid, debit accounts payable and credit cash.

Discussion

141.	See photo and answer
Answer» DIFFERENT people have different DEVELOPMENT goals as all are not equally developed. Conflicting goals mean that development goals of a PARTICULAR person or GROUP is harmful and opposite to another persons development goals. For example a rich business man can have development goal of erecting a large dam.

Discussion

142.	purchased garment on credit from m/s. Madras store for rupees 20000 vide bill number 291* on 6% Gst.
Answer» Answer: 32790 9% EXPLANATION: *PLEASE* *MARK* as *Brainlist* *thnku* *BYEE*

142.

purchased garment on credit from m/s. Madras store for rupees 20000 vide bill number 291* on 6% Gst.

Answer»

Answer:

32790

9%

EXPLANATION:

PLEASE MARK as Brainlist

thnku BYEE

Discussion

143.	1rajdhani Club fonte year ended 31st March, 2021 : Payments Other Informa On 31-3-2 outstanding an Receipts To Balance b/d : (1-4-2020) Cash in hand Cash in Deposit Account Cash in Current Account To Subscriptions To Entrance Fees To Life Membership Fees To Newspapers (Sales) To Canteen Collections To Interest on Deposits 35 3503 W 230 4805 By Staff Salary 4,000 By Canteen Expenses 16,000 By Misc. Expenses 5,200 By Insurance 80,000 By Telephone Expenses 12,000 By Furniture Purchased 15,000 By Investments Purchased 200 By Balance c/d (31-3-2021): 4,400 Cash in hand 1,600 Cash in Deposit Account Cash in Current Account 1,38,400 345,000 including Prepar 31-3-202 as at 31st [An 32,09, 15,000 4690 315.00 Cons 6,9 2009 A24 EXT Additional Information :- 1,38,400 31-3-2020 ₹ 31-3-2021 (i) Outstanding Subscriptions (ii) Subscriptions Received in advance (iii) Salaries Outstanding (iv) Furniture (v) Sports Equipment 7,000 2,000 1,200 10,000 5,600 2,500 1,800 20
Answer» Answer: 345,000 INCLUDING Prepar 31-3-202 as at 31st [An 32,09, 15,000 4690 315.00 Cons 6,9 2009 A24 EXT Additional INFORMATION :- 1,38,400 31-3-2020 ₹ 31-3-2021 (i) Outstanding Subscriptions (ii) Subscriptions Received in advance (iii) Salaries Outstanding (iv) Furniture (v) Sports EQUIPMENT 7,000 2,000

143.

1rajdhani Club fonte year ended 31st March, 2021 : Payments Other Informa On 31-3-2 outstanding an Receipts To Balance b/d : (1-4-2020) Cash in hand Cash in Deposit Account Cash in Current Account To Subscriptions To Entrance Fees To Life Membership Fees To Newspapers (Sales) To Canteen Collections To Interest on Deposits 35 3503 W 230 4805 By Staff Salary 4,000 By Canteen Expenses 16,000 By Misc. Expenses 5,200 By Insurance 80,000 By Telephone Expenses 12,000 By Furniture Purchased 15,000 By Investments Purchased 200 By Balance c/d (31-3-2021): 4,400 Cash in hand 1,600 Cash in Deposit Account Cash in Current Account 1,38,400 345,000 including Prepar 31-3-202 as at 31st [An 32,09, 15,000 4690 315.00 Cons 6,9 2009 A24 EXT Additional Information :- 1,38,400 31-3-2020 ₹ 31-3-2021 (i) Outstanding Subscriptions (ii) Subscriptions Received in advance (iii) Salaries Outstanding (iv) Furniture (v) Sports Equipment 7,000 2,000 1,200 10,000 5,600 2,500 1,800 20

Answer»

Answer:

345,000 INCLUDING Prepar 31-3-202 as at 31st [An 32,09, 15,000 4690 315.00 Cons 6,9 2009 A24 EXT Additional INFORMATION :- 1,38,400 31-3-2020 ₹ 31-3-2021 (i) Outstanding Subscriptions (ii) Subscriptions Received in advance (iii) Salaries Outstanding (iv) Furniture (v) Sports EQUIPMENT 7,000 2,000

Discussion

144.	Payment was given to surendra in advance
Answer» ANSWER: what is QUESTION PLESE SEND the question

144.

Payment was given to surendra in advance

Answer»

ANSWER:

what is QUESTION PLESE SEND the question

Discussion

145.	Please help me my friends
Answer» ANSWER: wlwlekrrkkrkrmtkfgkkynynynunuunyntntntntnrnntnrnrnrrnnrntntjntj EXPLANATION: PROFIT 1250 is our answer

145.

Please help me my friends

Answer»

ANSWER:

wlwlekrrkkrkrmtkfgkkynynynunuunyntntntntnrnntnrnrnrrnnrntntjntj

EXPLANATION:

PROFIT 1250 is our answer

Discussion

146.	Help me fast pleaseb
Answer» Answer: 1 LAKH is the answer Explanation: because we ADD closing CAPITAL, drawings and INTREST on capital and MINUS them to opening capital and additional capital

146.

Help me fast pleaseb

Answer»

Answer:

1 LAKH is the answer

Explanation:

because we ADD closing CAPITAL, drawings and INTREST on capital and MINUS them to opening capital and additional capital

Discussion

147.	Opening Capital Rs. 4,00,000, Drawings Rs. 5,000 per month, Closing Capital Rs. 5,00,000, Interest on Capital Rs. 10,000, Additional Capital Rs. 50,000. Required: Profit or Loss for the year using Statement of Profit and Loss. (Chapter Single and Double Entry Accounting System) *
Answer» ANSWER:CORRECT option isRs. 16,000Calculation of DRAWINGS = Opening capital + Additional capital + PROFIT - Closing capital = 20000 + 1000 + 5000 - 10000 = 16000Explanation:AccountancyOpening capital Rs. 20,000, Closing Capital Rs. 10,000, profit during the YEAR Rs. 5,000, Additional Capital introduced Rs. 1,000, Drawings will be 16,000 Here is your answer hope it's helpful

147.

Opening Capital Rs. 4,00,000, Drawings Rs. 5,000 per month, Closing Capital Rs. 5,00,000, Interest on Capital Rs. 10,000, Additional Capital Rs. 50,000. Required: Profit or Loss for the year using Statement of Profit and Loss. (Chapter Single and Double Entry Accounting System) *

Answer»

ANSWER:CORRECT option isRs. 16,000Calculation of DRAWINGS = Opening capital + Additional capital + PROFIT - Closing capital = 20000 + 1000 + 5000 - 10000 = 16000Explanation:AccountancyOpening capital Rs. 20,000, Closing Capital Rs. 10,000, profit during the YEAR Rs. 5,000, Additional Capital introduced Rs. 1,000, Drawings will be 16,000

Here is your answer hope it's helpful

Discussion

148.	Break even point can be interpreted as
Answer» ❛Answer❛ The breakeven point is the level of production at which the costs of production EQUAL the REVENUES for a PRODUCT. In investing, the breakeven point is said to be ACHIEVED when the market price of an asset is the same as its original cost. HOPE IT'S HELP YOU PLEASE MARK ME AS BRAINLIEST

148.

Break even point can be interpreted as

Answer»

❛Answer❛

The breakeven point is the level of production at which the costs of production EQUAL the REVENUES for a PRODUCT. In investing, the breakeven point is said to be ACHIEVED when the market price of an asset is the same as its original cost.

HOPE IT'S HELP YOU

PLEASE MARK ME AS BRAINLIEST

Discussion

149.	Fixed cost is also known as
Answer» ANSWER: answer is INDIRECT cost Explanation: HOPE it's HELP you

149.

Fixed cost is also known as

Answer»

ANSWER:

answer is INDIRECT cost

Explanation:

HOPE it's HELP you

Discussion

150.	What is the meaning of going concern concept
Answer» The concept of going concern is an UNDERLYING ASSUMPTION in the preparation of financial statements, HENCE it is assumed that the entity has neither the intention, nor the NEED, to liquidate or CURTAIL materially the scale of its operations.

Discussion

Explore topic-wise InterviewSolutions in .

1. Machinery costing Rs. 50000 sold for 40000 in cash 2. Sold goods to Mr X Rs. 40000 at a trade discount of 10% received half amount on the same date. 3. Purchased goods from Mr Y on cash basis for Rs. 20000 at a discount 5% 4. Rent outstanding Rs. 5000 5. Advance commission received Rs. 3000​

Accounting equation holds good in all circumstances

Commission received from Krishna rs200 wrongly credited to Krishna a/c.error of principlerectify them before trial balanceafter trial balanceafter final a/c's​

Interest on fixed deposit is a nominal account .

Journal entry for semi purchased building. kindly answer it . Thank you. Will mark it as brainliest if it is right.​

2. Not for profit concern renders social services to public at large. ​

not for profit concerns are recorded in

1. A deceased partner is not entitled to Goodwill of the firm​

Issue of shares at its face value​

Ch-3accounting equation * comence bussiness with cash 20,000​

Current ratio = 2.5 : 1 Current Liabilities = Rs. 1,60,000 Quick Ratio = 1.5 : 1 Calculate value of current assets, quick assets & inventory.​

__________________

__________________

Can someone send me the solutions of Accounts class 11 SC. Sharma

Journalise the following transactions. Deposited cash with bank 40,000​

From the following calculate the subscription for the current year: 1.1.2021 (Rs.) 31.12.2021(Rs.) Outstanding Subscription 9500 10000 Subscription received in advance 6200 8700 Subscription received during the year 2021 Rs.2, 50,000 ​

A super market has a single cashier. During thepeak hours, customers arrive at a rate of 20 customers per hour. The average number of customers that can be processed by the cashier is 24 per hour. Calculate (a) Probability that cashier is idle. (b) Average number of customers queueing system.​

What is the output of following​

There is no activity without its ability to apply cost accounting to it because all activities can be applied to cost accounting’. Please explain the statement.​

Communicating definitation in accounting​

✪Answer✪

HOPE IT'S HELP YOU

PLEASE MARK ME AS BRAINLIEST

Calculate the amount to be shown in income and expenditure account ?​

Hlo Tell me answer....,..​

12) The proprietor is treated as a creditor to the extent of his capital according to(a) cost Concept(b) business Entity Concept(c) going Concern Concept(d) materiality Concept

Interest received from Building Fund Investments should be— (a) credited to Building Fund Investment A/c (b) debited to Building Account (c) credited to Income & Expenditure A/c (d) credited to Building Fund A/c​

Received cash from Lakshay in full settlement of his account at a discount of ₹ 2,000 which was 10% of the settled amount. please i need answer correct ​

Show the following items in the balance sheet of Amba Ltd. as on March 31,2017: Rs.8% Debentures 10,00,000,Equity share capital 50,00,000,Securities premium 20,000,Preliminary expenses 40,000,Statement of Profit & Loss (cr.) 1,50,000,Loose tools 20,000,Bank balance 60,000Cash in hand 38000

Equity share CAPITAL. 50,00,000. SECURITIES premium. 20,000. PRELIMINARY expenses. 40,000. STATEMENT of Profit & Loss (cr.) 1, 50,000.

_is prepared after profit and loss accounts in partnership A/C​

XYZ printers purchased a printing machine for 27 lakhs on 1st April,2020. The market price of the machine on 31st March, 2021 was 32 lakhs. The company values the machine at 32 lakhs while preparing its balance sheet. Which of the accounting principle does the firm violate?​

Purchased goods from Harshad Enterprises for ₹ 1,25,000 and issued a bank draft for half of the amount (bank charges ₹ 200). no one give correct answer ​

60% amount received from a debtor on his account of ₹ 10,000.​

Reliability of Accounting information depends upon

Business shop expenses ₹ 2,500 paid by the proprietor personally.​

See photo and answer ​

purchased garment on credit from m/s. Madras store for rupees 20000 vide bill number 291* on 6% Gst.​

Payment was given to surendra in advance

Please help me my friends​

Help me fast pleaseb​

Opening Capital Rs. 4,00,000, Drawings Rs. 5,000 per month, Closing Capital Rs. 5,00,000, Interest on Capital Rs. 10,000, Additional Capital Rs. 50,000. Required: Profit or Loss for the year using Statement of Profit and Loss. (Chapter Single and Double Entry Accounting System) *​

Break even point can be interpreted as​

❛Answer❛

HOPE IT'S HELP YOU

PLEASE MARK ME AS BRAINLIEST

Fixed cost is also known as​

What is the meaning of going concern concept​

1. Machinery costing Rs. 50000 sold for 40000 in cash 2. Sold goods to Mr X Rs. 40000 at a trade discount of 10% received half amount on the same date. 3. Purchased goods from Mr Y on cash basis for Rs. 20000 at a discount 5% 4. Rent outstanding Rs. 5000 5. Advance commission received Rs. 3000

Commission received from Krishna rs200 wrongly credited to Krishna a/c.error of principlerectify them before trial balanceafter trial balanceafter final a/c's

Journal entry for semi purchased building. kindly answer it . Thank you. Will mark it as brainliest if it is right.

2. Not for profit concern renders social services to public at large.

1. A deceased partner is not entitled to Goodwill of the firm

Issue of shares at its face value

Ch-3accounting equation * comence bussiness with cash 20,000

Current ratio = 2.5 : 1 Current Liabilities = Rs. 1,60,000 Quick Ratio = 1.5 : 1 Calculate value of current assets, quick assets & inventory.

Journalise the following transactions. Deposited cash with bank 40,000

From the following calculate the subscription for the current year: 1.1.2021 (Rs.) 31.12.2021(Rs.) Outstanding Subscription 9500 10000 Subscription received in advance 6200 8700 Subscription received during the year 2021 Rs.2, 50,000

A super market has a single cashier. During thepeak hours, customers arrive at a rate of 20 customers per hour. The average number of customers that can be processed by the cashier is 24 per hour. Calculate (a) Probability that cashier is idle. (b) Average number of customers queueing system.

What is the output of following

There is no activity without its ability to apply cost accounting to it because all activities can be applied to cost accounting’. Please explain the statement.

Communicating definitation in accounting

Calculate the amount to be shown in income and expenditure account ?

Hlo Tell me answer....,..

Interest received from Building Fund Investments should be— (a) credited to Building Fund Investment A/c (b) debited to Building Account (c) credited to Income & Expenditure A/c (d) credited to Building Fund A/c

Received cash from Lakshay in full settlement of his account at a discount of ₹ 2,000 which was 10% of the settled amount. please i need answer correct

_is prepared after profit and loss accounts in partnership A/C

XYZ printers purchased a printing machine for 27 lakhs on 1st April,2020. The market price of the machine on 31st March, 2021 was 32 lakhs. The company values the machine at 32 lakhs while preparing its balance sheet. Which of the accounting principle does the firm violate?

Purchased goods from Harshad Enterprises for ₹ 1,25,000 and issued a bank draft for half of the amount (bank charges ₹ 200). no one give correct answer

60% amount received from a debtor on his account of ₹ 10,000.

Business shop expenses ₹ 2,500 paid by the proprietor personally.

See photo and answer

purchased garment on credit from m/s. Madras store for rupees 20000 vide bill number 291* on 6% Gst.

Please help me my friends

Help me fast pleaseb

Opening Capital Rs. 4,00,000, Drawings Rs. 5,000 per month, Closing Capital Rs. 5,00,000, Interest on Capital Rs. 10,000, Additional Capital Rs. 50,000. Required: Profit or Loss for the year using Statement of Profit and Loss. (Chapter Single and Double Entry Accounting System) *

Break even point can be interpreted as

Fixed cost is also known as

What is the meaning of going concern concept