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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 201. |
the cost of a company that annually sells 10000 units are as follows: direct material 50000 Assembly labour 100000, factory overhead 70000. The normal selling price of each unit is 50.How many moreunits need to be sold to break even if the selling price is reduced to 352 |
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Answer»
hgfgdhdgbensbdb usyegshsh
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| 202. |
(iv) Journal for Paid for printing and stationery 4,000.[email protected]% [email protected]% . |
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Answer» cash a/c dr to p&s a/c(Journal for Paid for printing and STATIONERY) |
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| 203. |
The bank statement showed a favourable balance of Rs.8800 |
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Answer» for your MONEY |
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| 204. |
Write any 12 accounting standards |
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Answer» Accounting STANDARD 12 deals with the accounting for GOVERNMENT grants. Such grants are offered by the government, government agencies and similar bodies including local, NATIONAL or international. These government grants are sometimes referred to as SUBSIDIES, cash incentives, duty drawbacks ETC. |
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| 205. |
Define Accounting.. Objectives of double entry system...Source information of accounts.. |
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Answer» Answer: The following are the OBJECTIVES of DOUBLE entry system: To maintain the systematic record of financial transactions. To SOLVE the problems arises on financial matters. To provide financial information to the MANAGEMENT for making financial plans and decisions. Mark this answer as a brainliest |
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| 206. |
Draw a tangent to a circle of radius 20 mm from a point on circumference of a circle |
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Answer» Answer: |
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| 207. |
What are the objective of ob (subject organisation behaviour) urgent plZ |
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Answer» HOPE it's helpful please MARK me as BRAINLIEST |
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| 208. |
Difference between purchased goodwill and non purchased goodwill |
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Answer» Goodwill can be CLASSIFIED into 'purchased' and 'non-purchased goodwill'. Rohan DEFINES the difference between the TWO as FOLLOWS: ... Purchased Goodwill arises from the acquisition of an existing business, while non-purchased goodwill has been built-up over time and cannot be verified objectively". |
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| 209. |
Sold goods to anil costing rupees 40,000 for cash at a profit of 25% on cost less 20% trade discount |
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Answer» Answer: you've not SPECIFIED so I'm assuming you want journal entries — Cash ac _dr 40,000 to Sales ac 40,000 (hope my answer was helpful to you. PLEASE mark my answer the BRAINLIEST!!! I'll be very grateful.) |
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| 210. |
Outstanding liabilities paid by one of the partner how we can enter it in partners capital account |
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Answer» Answer: Explanation: If any outstanding liability is paid by one of the partner, in that CASE, it may or may not be entered in Capital Account because of the reason given hereunder:- 1. In case the Capital account of the partners are fixed, In that case the liability paid by one of the partner will be entered in his current account as investment by that partner. 2. In case the Capital Account is not fixed, the payment made by one of the partner for any liability MET by him, the amount may be added in his capital account, PROVIDED there is not any contrary to the partnership deed. 3. In case there is any provision in the Partnership deed, MATTING of liability by one of the Partner will be dealt accordingly. 4. It can be treated as loan to the firm, in case there is such AGREEMENT.
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| 211. |
Which of the following current assets will not be included in the calculation of liquid assets? a. Debtorsb. Cashc. Prepaid Expensesd. Bank |
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Answer» OPTION C is CORRECT i.e PREPAID Expenses Explanation: Liquid assets are those assets which are readily converted into cash and will include cash balance, bills receivable, Sundry DEBTORS and short term investments. But it does not include prepaid expenses and inventories. |
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| 212. |
Prepare Accounting Equation from the following Information : Rs. (1) Started business with cash 2,00,000 (2) Goods Purchased 40,000 (3) Goods Purchased from Mohan 30,000 (4) Rent paid 10,000 (5) Received commission 12,000 (6) Furniture purchased from Best Furniture House 14,000 (7) Withdrew for personal use 10,000 (8) Amount paid to creditors 13,000 (9) Goods costing 10,000 sold at a profit of 20% (10) Goods costing 20,000 sold at a profit of 25% to Mohit (11) Received from Debtors 15,000 (12) Amount deposited in bank 12,000 (13) Computer purchased for personal use 18,000 |
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| 213. |
Prepare Accounting Equation from the following Information : Rs. (1) Started business with cash 2,00,000 (2) Goods Purchased 40,000 (3) Goods Purchased from Mohan 30,000 (4) Rent paid 10,000 (5) Received commission 12,000 (6) Furniture purchased from Best Furniture House 14,000 (7) Withdrew for personal use 10,000 (8) Amount paid to creditors 13,000 (9) Goods costing 10,000 sold at a profit of 20% (10) Goods costing 20,000 sold at a profit of 25% to Mohit (11) Received from Debtors 15,000 (12) Amount deposited in bank 12,000 (13) Computer purchased for personal use 18,000warning:-dont write useless answers Or all ur answers will be reported |
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Answer» Answer: INFORMATION : Rs. (1) Started business with cash 2,00,000 (2) Goods Purchased 40,000 (3) Goods Purchased from Mohan 30,000 (4) Rent paid 10,000 (5) Received commission 12,000 (6) Furniture purchased from Best Furniture House 14,000 (7) Withdrew for personal USE 10,000 (8) AMOUNT paid to creditors 13,000 (9) Goods costing 10,000 sold at a profit of 20% (10) Goods costing 20,000 sold at a profit of 25% to MOHIT (11) Received from DEBTORS 15,000 (12) Amount deposited in bank 12,000 (13) Computer purchased for personal use 18,000 warning:-dont write useless answers Or all ur answers will be reported |
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| 214. |
3.Liability definition |
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Answer» The STATE of being LEGALLY RESPONSIBLE for something. Hope it HELPS!!! |
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| 215. |
et 293 From the following Recipes and Payments Accover and adancenal information prepare Income and Expenditure Account for the year ended ar March 2019 and Balance sheer as on the date. Repts we des Account for the year ended Mee 2019 DE Receipes Toyments To Balanced 000 y Satanes 400 To Subspom 000 Protonery Te Dones Revenue 3,000 By Coassion nounce tes 4.000 By Rent 2000 * taterest 1.000 By Elecne Charges By Future 5.000 B Balance 0 IND IN.000 Addicional for D) Constanding Rent was 200 2) Suction includes 1.000 os Subscription received in advance and subscription outstanding for our sear was 500 3) Deprecione Famiu pa 4) so. Entrance fece should be capitalised Capital Fund wo 3.000 52 7 |
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Answer» soyssyogosgosgosifsititsitsstististitostsoyos |
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| 216. |
Basic TERMS liability |
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Answer» Answer: Current LIABILITIES (short-term liabilities) are liabilities that are DUE and PAYABLE WITHIN ONE year. Non-current liabilities (long-term liabilities) are liabilities that are due after a year or more. Contingent liabilities are liabilities that may or may not arise, depending on a certain event. |
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| 217. |
The difference between hire purchase price and cash price is |
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Answer» Explanation: the CASH PRICE of the goods, cash price means the price at which goods may be purchased against cash PAYMENT. the hire-purchase price, hire purchase price means the total AMOUNT which is payable by the hire-purchaser under the AGREEMENT. the date on which the hire-purchase agreement will commence. |
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| 218. |
Profit earned on sale of investments is transferred to |
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Answer» Answer: credit SIDE of the profit & LOSS ACCOUNT. (hope my answer was helpful to you. please mark my answer the BRAINLIEST!!! I'll be very grateful.) |
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| 219. |
Randbetween generates random numbers based on what kind of probability distribution |
Answer» GENERATOR Of Standard DISTRIBUTION Random Numbers. The RAND and RANDBETWEEN functions return random numbers with a single distribution. There's an equal probability for any value to fall into the LOWER or upper limit of the REQUESTED RANGE. |
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| 220. |
Prepare Accounting Equation from the following Information : Rs. (1) Started business with cash 2,00,000 (2) Goods Purchased 40,000 (3) Goods Purchased from Mohan 30,000 (4) Rent paid 10,000 (5) Received commission 12,000 (6) Furniture purchased from Best Furniture House 14,000 (7) Withdrew for personal use 10,000 (8) Amount paid to creditors 13,000 (9) Goods costing 10,000 sold at a profit of 20% (10) Goods costing 20,000 sold at a profit of 25% to Mohit (11) Received from Debtors 15,000 (12) Amount deposited in bank 12,000 (13) Computer purchased for personal use 18,000. |
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Answer» Answer: 2,00,000 (2) Goods Purchased 40,000 (3) Goods Purchased from Mohan 30,000 (4) Rent paid 10,000 (5) Received commission 12,000 (6) Furniture purchased from BEST Furniture House 14,000 (7) Withdrew for personal USE 10,000 (8) Amount paid to CREDITORS 13,000 (9) Goods costing 10,000 sold at a profit of 20% (10) Goods costing 20,000 sold at a profit of 25% to MOHIT (11) Received from Debtors 15,000 (12) Amount deposited in bank 12,000 (13) Computer purchased for personal use 18,000 Explanation: fundndnddbffbf f ff |
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| 221. |
Journal entry of Goods worth 80,000 at 20%trade discount and 5%cash discount |
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Answer» purchases A/c DR. 64000 To CASH A/c 60800 To discount received A/c3200 Explanation: the amount of trade discount will not be shown in journal ENTRY |
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| 222. |
81 From the following Ledger balances prepare Trial Balance : Amount (RS) Openins stock 20,000 Purchases 1,00,000 Cost of Goods Sold 1,20,000 Rent paid 5,000 Salary 500 Furniture 6,000 Bills Payable 10,000 Debtors 8,000 Closing Stock 30,000 21 Calculate the amount of annuloro |
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Answer» ka spa all Explanation: IEEE WO PA all Romeo KI kitni book I send you the same by you in |
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| 223. |
Prepare Accounting Equation from the following Information :Rs. (1) Started business with cash 2,00,000 (2) Goods Purchased 40,000 (3) Goods Purchased from Mohan 30,000 (4) Rent paid 10,000 (5) Received commission 12,000 (6) Furniture purchased from Best Furniture House 14,000 (7) Withdrew for personal use 10,000 (8) Amount paid to creditors 13,000 (9) Goods costing 10,000 sold at a profit of 20% (10) Goods costing 20,000 sold at a profit of 25% to Mohit (11) Received from Debtors 15,000 (12) Amount deposited in bank 12,000 (13) Computer purchased for personal use 18,000 |
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| 224. |
Selling expenses should be divided amoung he different deprement on the basis of |
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Answer» यताप ड्जफ् Explanation: zvzvhFFFFFFVHTSJCZHSJDHZUDUDIDID |
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| 225. |
honoured our acceptance of rupees 17750 by endorsing and accepted of rupees 17000 in full settlement journlise the following transaction |
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| 226. |
Prepare Accounting Equation from the following Information : Rs. (1) Started business with cash 2,00,000 (2) Goods Purchased 40,000 (3) Goods Purchased from Mohan 30,000 (4) Rent paid 10,000 (5) Received commission 12,000 |
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Answer» 2,00,000-40, 000 =1, 60,000-30, 000 =1, 30,000-10, 000 =1, 20,000+12, 000 =1, 32,000 is answer. |
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| 227. |
AA3 + 2 = AAA CC6 + 6 = CBB ABC = ? |
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Answer» Explanation: AA3+2=AAA we KNOW that 3+2=A, therefore A=5. From CC6+6=CBB, we know that 6+6=12 therefore the last DIGIT of the NUMBER must be 2, so B=2. ALSO, we know that the tens place goes up by one if 6 is added to 6, therefore B is one greater than C, therefore C=2-1 which is 1. So, ABC= 521 |
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| 228. |
zang co. has the option to either further process product alpha to produce priduct zeta.the selling price of the product alpha is 36 per unit and its costs $23 produce each unit of product alpha. zeta would be sold fir $55 and would require an additional $25 cost for production.what is the differencial cost to produce product zeta. |
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Answer» Explanation: |
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| 229. |
5. Johnsen Company earned service revenue on account of $300,000 and had cash collections of $130,000 for the year. During the year, uncollectible accounts receivable of $2,000 were written off. At December 31, an aging-of-accounts receivable schedule indicated that Johnsen Company will not collect $10,000 of accounts receivable. There was a credit balance of $2,100 in the Allowance for Uncollectible Accounts at the beginning of the year. Required: Journalize the entries to record (1) service revenue, (2) cash collections, (3) write-off of the uncollectible receivables and (4) the adjusting entry to record Uncollectible-Account Expense. Ignore Cost of Goods Sold. Explanations are not required. |
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Answer» Answer: Explanation:johnsen Company eared revenue on account of $300,000 and had CASH collections of $130,000 for the year. During the year, uncollectible ACCOUNTS receivable of $2,000 were written off. At December 31, an aging-of-accounts receivable schedule indicated that Johnsen Company will not collect $10,000 of accounts receivable. There was a credit balance of $2,100 in the Allowance for Uncollectible Accounts at the beginning of the year. REQUIRED: Journalize the entries to record (1) service revenue, (2) cash collections, (3) write-off of the uncollectible receivables and (4) the adjusting entry to record Uncollectible-Account EXPENSE. Ignore Cost of Goods Sold. Explanations are not required. |
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| 230. |
3. On December 1, the Youngstown Company accepted a $8,000 note in settlement of an overdue Accounts Receivable. The note bears 8% interest for 3 months. The Youngstown Company has a year end of December 31. Required: Prepare the journal entries to record the (1) transaction on December 1, (2) the accrued interest at December 31, and (3) the collection of the note on March 1. Round any amounts to the nearest dollar. Omit explanations. |
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| 231. |
अनुसंधान परिक्रमा का तात्पर्य है |
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Answer» Answer: Here's your answer Explanation: व्यापक अर्थ में अनुसन्धान (RESEARCH) किसी भी क्षेत्र में 'ज्ञान की खोज करना' या 'विधिवत गवेषणा'(. DULY investigated) करना होता है। वैज्ञानिक अनुसन्धान में वैज्ञानिक विधि का सहारा लेते हुए जिज्ञासा का समाधान करने की कोशिश की जाती है। नवीन वस्तुओं की खोज और पुराने वस्तुओं एवं सिद्धान्तों का पुनः परीक्षण करना, जिससे कि नए तथ्य प्राप्त हो सकें, उसे शोध कहते हैं।शोध उस प्रक्रिया अथवा कार्य का नाम है जिसमें बोधपूर्वक प्रयत्न से तथ्यों का संकलन कर सूक्ष्मग्राही एवं विवेचक बुद्धि से उसका अवलोकन-विश्लेषण करके नए तथ्यों या सिद्धांतों का उद्घाटन किया जाता है। Hope it helps Pls mark me the BRAINLIEST |
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| 232. |
how to balance off a cashbook an account with a total of $5939 from the credit side under the bank column and $543 under the cash column and with$ 833 from the debit side under the cash column with $1912 from the bank column. |
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| 233. |
Hastantrk our hastantrik kampani kisey khete hai |
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Answer» The good PEOPLE GIVE you happiness. The worst people give you a lesson. The BEST people give you MEMORIES |
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| 235. |
Make all 10 schedule of budget with help of taking any suppose numerical data |
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Answer» Answer: The budget constraint is the boundary of the opportunity set—all possible combinations of consumption that someone can afford given the prices of goods and the individual’s income. Opportunity cost measures cost in terms of what MUST be given up in exchange. Marginal analysis is the process of comparing the benefits and costs of choosing a little more or a little less of a certain good. The law of diminishing marginal UTILITY INDICATES that as a PERSON receives more of a good, the additional—or marginal—utility from each additional unit of the good declines. Sunk costs are costs that occurred in the past and cannot be recovered; they should be disregarded in making current decisions. Utility is the SATISFACTION, usefulness, or value one obtains from consuming goods and services. |
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| 236. |
What is demand draft ? kya tum online ho? |
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Answer» Answer: A demand draft is a negotiable instrument similar to a bill of EXCHANGE. A bank issues a demand draft to a client, DIRECTING another bank or ONE of its own branches to pay a certain sum to the specified party. A demand draft can also be compared to a cheque. However, demand DRAFTS are difficult to countermand. Explanation: l hope it will help u ☺️☺️☺️ |
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| 237. |
Sold goods to Sanjay list price Rs.80,000 less 20% trade discount and 2% cash discount. Charged CGST and SGST at 10% each. Full payment received by cheque. |
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Answer» Answer: you've not mentioned what the QUESTION is but I'm assuming it's journal entries— Bank ac _dr 75,520 Discount Allowed ac _dr 1,280 to SALES ac 64,000 to Output CGST ac 6,400 to Output SGST ac 6,400 (being the cash* sales of goods to Sanjay subjected to 10% CGST & 10% SGST; allowed a 2% cash discount.) *cash sales doesnt mean actual banknotes. it just means NON credit sales. so the payment by cheque is cash sales, not credit sales. (HOPE my answer was helpful to you. PLEASE mark my answer the brainliest!!! I'll be very grateful.) |
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| 238. |
A wants to introduce his son D into the business.B objects to it. |
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Answer» (All partner should AGREE to ENTER a NEW partner) Hence, D will be not add |
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| 239. |
Business orgnaizaiton involves. evn nts |
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Answer» BUSINESS ORGANISATIONS INVOLVES economic EVENTS. An economic event is known as a happening of consequence to a business organisation which consists of transactions and which are measurable in monetary terms. |
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| 240. |
For how many banks do the interest rates increase for every change in term1) 72) 83) 94) 10 |
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Answer» Answer: There are 67.035m= minutes in 3 th of 2 HOURS. [4] [1KG = 6] (Ⓒ) the product of two propere fractions in than each of the two feactions. (d) Difference between two negative integers can not be a positive integer (T/F) (five example to support your answer) Temum of two integers is always greater than their difference (T/F) (give example. (f) this integere that must be subtracted from -5 to obtain -12 is |
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| 241. |
Redraft the following Trial Balance after incorporating The Adjustments given belowCan anyone solve this |
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Answer» Answer: pic 1 ) adjusted journal pic 2) adjusted TRIAL balance (hope my answer was HELPFUL to you. it took me a lot of EFFORTS so PLEASEEEE mark my answer the BRAINLIEST!!! I'll be very grateful!!!!) |
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| 242. |
K.M. Motors supplied a motor car Rs. 7,68,000 (inclusive tax) the following charges included:(a) Accessories. (b) Insurance premium.(c) Delivery charges(d)Warranty charges(e) Vehicle taxFind out taxable value of Car and amount of GST (28%).Rs.56,20027,3008,40062,50038,200 |
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Answer» Answer: oElectricity is the flow of electrical POWER or CHARGE. It is a SECONDARY energy source which MEANS that we get it from the conversion of other sources of energy, like coal, natural GAS, oil, nuclear power and other natural sources, which are called primary sources. |
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| 243. |
The IRR of the project is 12% and the present value of operating cash flow is $22,000. Theife of the project is 6-years and fixed is $2,000 per year. Compute the financial breakeven The IRR of the project is 12% and the present value of operating cash flow is $22,000. Theife of the project is 6-years and fixed is $2,000 per year. Compute the ... |
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| 244. |
Moli, Bhola and Raj are partners in a firm sharing profit and loss in ratio 3 : 3 : 4. Thepartnership deed provided the following (i) Interest on capital 5% per annum (ii) Interest on drawings 12% per annum (iii) Moli was allowed a annual salary of ₹ 4,000. (iv) Bhola was allowed commission of 10 % of net profit and Raj was guaranteed a profit of 1,50,000 after making all adjustments. Their fixed capital were ₹ 5,00,000, ₹ 8,00,000 and ₹ 4,00,000 respectively. On 1st April 2016 Bhola extended a loan of 1,00,000 to the firm. The net profit for the year 31st march 2017 is ₹3,06,000 Prepare profit and loss appropriation account and current account assuming that Bhola withdraw ₹ 5,000 at the end of each month, Moli withdraw 10,000 at end of each quarter and Raj withdraw 40,000 at the end of each half year. |
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Answer» ANSWER:o |
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| 245. |
Prepare fire revenues account for 2004-2005 |
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Answer» hahahahhahahahahhaha |
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| 246. |
Is the difference between goods sent by h .o and actual goods received by branch |
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Answer» ok Explanation: |
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| 247. |
What do you mean by G.A.A.P : |
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Answer» Answer: GENERALLY accepted ACCOUNTING principles Generally accepted accounting principles, or GAAP, are a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and PRACTICES. |
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| 248. |
X starts business with cash of Rs. 10,00,000 and also borrowsmoney from his friend Y Rs. 5,00,000. What is the capital of thebusiness? |
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Answer» If money borrowed from his FRIEND for the PURPOSE of investing in the BUSINESS then the capital will be Rs.15,00,000, If the borrowed money is not for the purpose of investing in business the capital amount will be Rs. 10,00,000 |
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| 249. |
P and Q were partners in a firm sharing profits in the ratio of 5 : 3. On 1st April, 2014 theyadmitted R as a new partners for 1/8th share in the profits with a guaranteed profit of Rs. 75,000. The new profits sharing ratio between P and Q will remain the same but they agreed to bear any deficiency on account of guarantee to R in the ratio 3 : 2. The profit of the firm for the year ended 31st March, 2015 was Rs. 4,00,000. Prepare profit and loss appropriation account of P, Q and R for the year ended 31st March, 2015 |
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Answer» Answer: |
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| 250. |
Define accounting??? Class XI |
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Answer» Answer: Accounting is the process of recording financial transactions PERTAINING to a business. The accounting process includes summarizing, ANALYZING and REPORTING these transactions to OVERSIGHT AGENCIES, regulators and tax collection entities. |
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