Saved Bookmarks
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.
| 4801. |
गैर व्यापारी संस्थाओं की आय के प्रमुख स्रोतों के नाम लिखिए |
|
Answer» Answer: mark it as BRAINLEST answer please Explanation: इन संस्थाओं की आय के मुख्य स्रोत हैं: (i) सदस्यों से अनुदान (II) दान (सामान्य) (III) वसीयत ___ (सामान्य) (iv) अनुदान में सहायता (v) विनियोग से आय, इत्यादि। 5. इन संस्थाओं द्वारा विभिन्न स्त्रोतों द्वारा बनाई गई निधि को पूँजी निधि अथवा सामान्य निधि में जमा ___ किया जाता है। 6. |
|
| 4802. |
On 30th September, 2013 my cash book (bank column of account number 1) showed a bankoverdraft of Rs 98,700. On going through the bank pass book for reconciling the balance, Ifound the followingi. Out of cheques drawn on 26th September, those for Rs 7,400 were cashed by the bankers on2nd October.ii. A crossed cheque for Rs 1,500 given to Abdul was returned by him and a bearer chequewas issued to him in lieu on 1st October.iii. Cash and cheques amounting to Rs 6,800 were deposited in the bank on 29th September,but cheques worth Rs 2,600 were cleared by the bank on 1st October and one cheque for Rs500 was returned by them as dishonoured on the latter date.iv. According to my standing instructions, the bankers have on 30th September, paid Rs 640 asinterest to my creditors, paid quarterly permium on my policy amounting to Rs 320 andhave paid a second call of Rs 1,200 on shares held by me and lodged with the bankers forsafe custody. They have also received Rs 300 as dividend on my shares and recovered aninsurance claim of Rs 1,600 as their charges and commission on the above being Rs 30. Onreceipt of information of the above transaction, I have passed necessary entries in my cashbook on 1st October.v. My bankers seem to have given me a wrong credit for Rs 1,000 paid in by me in accountnumber 2 and a wrong debit in respect of a cheque for Rs 600 drawn against my accountnumber 2.Prepare a bank reconciliation statement as on 30th September, 2013. |
|
Answer» cuffed Explanation:
|
|
| 4803. |
35 of 40 | Multiple ChoiceTHE TERM AMORTISATION IS USED TO WRITE OFF1FIXED ASSETS2INTANGIBLE ASSERTS3TANGIBLE ASSETS4WASTING ASSETSIs answer submitted? No |
|
Answer» no idea about the answer Explanation: |
|
| 4804. |
What is outstanding expenses? |
|
Answer» Answer: Hope it will help you mark me BRAINLIEST please Explanation: Outstanding Expenses Meaning The outstanding expense is a PERSONAL account with a CREDIT BALANCE and is treated as a liability for the business. It is recorded on the liability side of the balance sheet of a business. For accounting accuracy, these expenses need to be realised WHETHER they are paid or not. |
|
| 4805. |
UNDER DIMINISHING BALANCE METHOD DEPRECIATION IS CHARGED ON1ORIGINAL COST2WRITTEN DOWN VALUE3COST OF PRODUCTION4NET PROFIT |
|
Answer» see the full attachment please Explanation: under under diminishing balance method depreciation CHARGED on written down value.please MARK me brainliest |
|
| 4806. |
Cost of welfare services is a |
|
Answer» PLEASE MARK me BRAINLIEST |
|
| 4807. |
WHICH OF THE FOLLOWING IS NOT A CAUSE OF DEPRECIATION1WEAR AND TEAR2PASSAGE OF TIME3FALL IN THE MARKET VALUE4ACCIDENT |
|
Answer» Explanation: 2 .................... |
|
| 4808. |
Solve as soon as possible..... |
| Answer» | |
| 4809. |
WHICH OF THE FOLLOWING IS NOT AN EXPENSE1FURNITURE2SALARY3RENT4ELECTRICITY EXPENSESSIs answer submitted? No |
| Answer» | |
| 4810. |
Ethics knowledge is the focus of the ___ stage in ethics education |
|
Answer» Answer: Ethics, also CALLED moral PHILOSOPHY, the discipline CONCERNED with what is morally good and bad and morally right and wrong. The term is also applied to any system or theory of moral values or PRINCIPLES |
|
| 4811. |
Long term loan given are shown in the vertical financial statements as1. current liabilities2. Loan funds3. Investment4. Current assets |
|
Answer» CURRENT LIABILITIES..... ....... |
|
| 4812. |
From the following information of Wings Club for the year ended 31 st March,2019, prepareIncome and Expenditure Account:Receipts and Payments AccountDr.For the year ending 31 st March,2019 Cr.Receipts ₹ Payments ₹To Balance b/dTo Subscriptions:2017-182018-19To Entrance feeTo Income from entertainmentTo sale of old periodicals20,00036,0001,0007006,80030064,800By Investments @ 8%p.a.(on 1 st October,2018)By FurnitureBy SalariesBy StationeryBy Electricity chargesBy Balance c/d20,00010,8009,0002,4004,80017,80064,800Additional information:i. The club has 400 members each paying an annual subscription of ₹ 100. Subscriptionsstill outstanding for 2016-17 are ₹ 400.ii. Stock of stationery on 31 st March,2018₹ 1,500 and on 31 st March,2019 ₹ 1,720.iii. On 1 st April,2018 premises were ₹ 32,000. Depreciation on premises and furniture to becharged @ 5% and 10%p.a. respectively. |
|
Answer» Good evening dear students I hope you all are well I have send M.sc notes Ch-1 The power of prayer Ch-3 Be FRIENDLY please write down in your MORAL SCIENCE copy. Thank you |
|
| 4813. |
12 of 40 | Yes/No or True/FalseDEPRECIATION IS CHARGED ON FIXED ASSETS1TRUE2False |
|
Answer» Answer: |
|
| 4814. |
Normal profit = × .../100 |
|
Answer» CP/100...................... |
|
| 4816. |
AMOUNT OF DEPRECIATION CHARGED UNDER DIMINISHING BALANCE METHOD REMAINS1INCREASING2DECREASING3FIXED4FLUCTUATINGIs answer submitted? No |
| Answer» | |
| 4817. |
Think about Mr. X's investment possibilities for 3 years holding period in real investmentenvironment. He works in a MNC in India, he is 51 years of age. His family comprises of Mr.X,his wife and a kid pursuing MBA in a reputed B-School. His take home salary is Rs 8 Lac perannum.a) What could be his investment objectives? State as bullet points.[2]b) What amount of funds he could invest for 3 years period? State with brief justification.[2]c) What investment vehicles could he use for investment? (What types of investment vehicles areavailable in your investment environment?) State with brief justification.[2][2]d) What type of investment vehicles would be relevant to him? Why?e) What factors would be critical for his investment decision making in this particular investmentenvironment? |
|
Answer» Answer: see2005 eptember 1. Started business with Rs. 100,000, paid into Bank Rs. 40,000, 2. Bought furniture for Rs. 10,000 and machinery for Rs. 20,000 3. Purchased goods for Rs. 28,000. 6. Sold goods for Rs. 16,000. 8. Purchased goods from Ishtiaq & CO. Rs. 22,000. 10. Paid telephone rent for the YEAR by CHEQUE Rs. 1,000. 11. Bought one typewriter for Rs. 4,200 from Universe Typewriter Co. on credit. 15. Sold goods to Khurram for Rs. 24,000. 17. Sold goods to AJMAL for Rs. 4,000 for cash. 19. Amount withdrawn from bank for personal use Rs. 3,000. 20. Withdrew from bank for business use Rs. 7,000. 21. Received cash from Khurram Rs. 23,800, discount allowed Rs. 200. 22. Paid into bank Rs. 11,600. 25. Goods worth Rs. 2,000 found defective were returned to Ishta & Co. and the balance of the amount due to them was settle by issuing a cheque in their favour. 28. Bought goods worth Rs. 4,200 from Aslam and supplied then to Akram at Rs. 6,000. 30. Akram returned goods worth Rs. 200, which in turn were se to Aslam at Rs. 140. 30. Issued a cheque for Rs. 2,000 in favour |
|
| 4818. |
Call in arrear is ?when any instalment is received |
| Answer» | |
| 4819. |
Prepare accounting equation of following1 Sohan started business with cash Rs.1,00,0002 Sohan purchased goods in credit Rs.5,000 |
|
Answer» Answer: transaction. LF. assets = capital + liability started business. 1,00,000. =. 1,00,000 +0 with cash purchased goods. 0 + 5,000 = 5,000 + 0 eq = 1,00,000 + 5,000 = 1,05,000 + 0 |
|
| 4820. |
Goods sold to Nisha for Rs.475 have been wrongly entered in sales books as Rs745 |
|
Answer» Answer: Nisha sale books =Rs 745 =Rs 745-475 =Rs 270 |
|
| 4821. |
What is partnership deed |
|
Answer» Answer: PARTNERSHIP DEED is an AGREEMENT between the partners of a FIRM that outlines the terms and conditions of partnership among the partners |
|
| 4822. |
Of 40 | Multiple ChoiceA system of accounting which is not based on double entry system is called-1Cash system2Cash system3Incomplete accounting system4None of these. |
|
Answer» Answer: in complete accounting system Explanation: answer isINCOMPLETE accounting system.please MARK me BRAINLIEST |
|
| 4823. |
Sundry items of plant sold for 26000 had been entered in the sales book the total of which book had been posted to the sales account rectification? |
|
Answer» SALES a/c Dr. 26000 To sundry ITEMS a/c. 26000 Explanation: If you LIKE it like me as brainlist. |
|
| 4824. |
Whatispartnershipdeed |
|
Answer» Answer: An ORGANIZATION which is FORMED with two or more person to run a BUSINESS with a VIEW to EARN a profit. |
|
| 4825. |
Arrange the following from north to south . A)Kanya Kumari B) godavari C) delhi D) tropic of Cancer |
|
Answer» Answer: here is your answer delhi (north india NEAR harayana) tropic of cancer (nearly bisect india in 2 equal parts) godawari (its a RIVER in Maharashtra region) kanyakumari ( its coastal town in the STATE of tamil nadu) i hope this helps :) PLS mark as brainliest |
|
| 4826. |
प्राप्ति भुगतान खाते को समझाइए |
|
Answer» प्राप्ति एवं भुगतान खाता एक लेखा वर्ष के अंत में नकद प्राप्तियों एवं नकद भुगतानों सारांश होता है। इसमें केवल नकद लेने-देन का विवरण दर्ज किया जाता है। ... इसलिए, इसमें पूर्व-प्राप्त या अर्जित आय और पूर्व-भुगतान या बकाया खर्चों के लिए कोई समायोजन नहीं किया जाता है। यह नकदी के आधार पर तैयार किया जाता है। mark it as BRAINLIEST✨✌ |
|
| 4827. |
1Prepare Trding Acceunt for the year ended 31 March 2020 from the following balancesStock as on 010 2019WagesSalesCamage in wardsReturn OutwardFreightClosing Stock as on 31 03 2020 35 valued at Rs 200.000 |
|
Answer» QUESTION is INCOMPLETE!!! |
|
| 4828. |
Purchased 100 war bonds for ₹100 each at ₹95 each and paid for them by Cheque. |
| Answer» | |
| 4829. |
L and M share profits and losses in the ratio of 5:2.They admit N into partnership. The new profit sharing ratio is agreed to be 2:3:3 |
|
Answer» ANSWER Old ratio (A and B) = 3 : 2 C is admitted for 1/4 SHARE Let the combined share of A, B and C = 1 Combined share of A and B after C's admission = 1 - C's share = 1 - (1/4) = 3/4 New share : A = (3/4) * (1/2) = 3/8 B = (3/4) * (1/2) = 3/8 C = 1/4 Therefore, A : B : C = 3/8 : 3/8 : 1/4 = 3 : 3 : 2 Sacrificing ratio = Old ratio - New ratio A's SACRIFICE = (3/5) - (3/8) = 9/24 B's sacrifice = (2/5) - (3/8) = 1/24 Therefore, sacrificing ratio of A and b is 9 : 1 Explanation: i hope you understand |
|
| 4830. |
Define ledger and write down into need answer me |
|
Answer» Answer: A ledger is a book containing accounts in which the classified and SUMMARIZED INFORMATION from the journals is POSTED as debits and CREDITS. It is also called the second book of entry. The ledger CONTAINS the information that is required to prepare financial statements. Explanation: A ledger is a book containing accounts in which the classified and summarized information from the journals is posted as debits and credits. It is also called the second book of entry. The ledger contains the information that is required to prepare financial statements. |
|
| 4832. |
13Enter the tocapurchate JournalTradert of so inBought bom bona rodona4o Registers @ to to soso gel pontsoISلیستdiscoBought from globes Shopads essaisso files to each20 color Bodies @ Rana |
|
Answer» uueueueyueueueurueuhehehejrj Explanation: jehwhehheiriruryeyeyeururydjhrhfjrhhfhr |
|
| 4833. |
prepare Kumar's personal account in the following transaction 2012 April 1st sold goods to Mr Kumar's 8000, April 5th received from him rupees 6000, April 22nd paid to him rupees 6000, April 24th sold goods to him on credit rupees 2000, April 25th he returned goods to us rupees 3000. |
|
Answer» prepare Kumar's personal ACCOUNT in the following transaction 2012 April 1st sold goods to MR Kumar's 8000, April 5th received from him rupees 6000, April 22nd paid to him rupees 6000, April 24th sold goods to him on CREDIT rupees 2000, April 25th he returned goods to US rupees 3000. sorry don't know |
|
| 4834. |
The directors of Axim Ltd. Forfeited 20,000 equity shares of Rs10 each,Rs8 per share called up for non payment of first call of Rs2 per share. Final call of Rs 2 per share has not been yet called. Half of the forfeited shares were reissued as fully paid up for Rs 15 per share.The amount transferred Capital Reserve will be |
|
Answer» Answer: amount paid by defaulter = 20,000×6 = 1,20,000 if this amount stands for 20,000 equity SHARES hence the REISSUE is of 10,000 shares hence the amount be ₹60,000 , also no LOSS on reissue because the SHARE of ₹8 is reissued at ₹15 |
|
| 4835. |
Jorurnal proper is also known as? |
|
Answer» Journal PROPER is book of original ENTRY (simple journal) in which MISCELLANEOUS credit transactions which do not fit in any other books are recorded. It is ALSO called miscellaneous journal. The form and procedure for maintaining this journal is the same that of simple journal. |
|
| 4836. |
Calculate the amount of sports material to be debited to the income and expenditure account of capital sports club for the year ended 31 march 2018 on the basis of the following information |
|
Answer» Answer: 20,700 Explanation: Creditors Opening (2000) PLUS Purchases (to find out) = Closing (2600) I.e., purchases are 19600. Now, Stock Opening (7500) Add Purchases (19600, from above) Less Consumption (to find out) = Closing (6400) I.e., consumption is 20700. |
|
| 4837. |
Prepare a simple cash book of august, 2020(RS)Aug.1 Balance of cash in hand 5,000Aug.2 Purchase made 1,000Aug.4 Paid salary 1.000Aug.7 Paid rent 400Aug.10 Received from Karan 2,000Aug.14 Goods sold to Ajit on credit 1,000Aug.19 Paid to Daljeet 1,000Aug.25 Purchased furniture 1,000Aug 30 Sold goods for cash 2,000 |
| Answer» | |
| 4838. |
At which value Goodwill is shown in the new balance sheet, at the time of admission of a new partner???? |
|
Answer» Answer: They decide to admit C as their new partner for an EQUAL share admission of partner). The VALUE of the GOODWILL in the firm's books of accounts is ₹60000. C brings ₹20000 as his share of goodwill in cash. The partners decide that goodwill will not appear in the books in the future. |
|
| 4839. |
Find out the maturity date of the bills in the following case:-(a) 12th June, 2016 (b) 29th July, 2016 (c) 10th august, 2016time period is two month for each. |
|
Answer» (a) 15TH Aug 2016 (b) 2rd OCT 2016 (c) 13th Oct 2016 Explanation: Maturity date should be calculated after two months with 3 GRACE DAYS.. |
|
| 4840. |
A,B,C are partners in sharing profit at ratio 2:2:1,B retires and his share is taken by C calculate new profit sharing ratio of A and C |
|
Answer» Answer: The ratio of A's share to C's share is 2 : 3 Explanation: GIVEN : A,B,C are partners in SHARING profit at ratio 2 : 2 : 1 B retires and his share is taken by C To FIND : New profit sharing ratio of A and C Solution : • A : B : C = 2 : 2 : 1 ★ Old ratio = A : B : C = 2 : 2 : 1 ⇒ ⇒ ⇒ ★ After B retires : B retires and his share is taken by C ★ New ratio = old ratio + share from B to C ⇒ ⇒ ★ Ratio = ⇒ A : C = 2 : 3 Therefore, The ratio of A's share to C's share is 2 : 3 |
|
| 4841. |
Subsidiary book is also known as |
|
Answer» bwbhegehhdbdudjejiejeb |
|
| 4842. |
Sate the objectives of preparation of final account of a partnership fim. |
|
Answer» Answer: Objectives of preparation of Final ACCOUNTS Final Accounts are PREPARED to know the profit earned or loss sustained by the business in a particular period of TIME. In order to determine the profit and loss of business, trading and profit and loss account or INCOME Statement is prepared |
|
| 4843. |
Under the dismished balance method disprication is calculated on |
|
Answer» I haven't UNDERSTOOD your QUESTION |
|
| 4844. |
On April 1, 2016, Z Ltd. Purchased machinery for₹ 1,20,000 and on 30 Sept,2017, it acquired additional machinery for₹ 20,000. On 30.06.2018, a new machinery was purchased for₹ 8,000. On 30.11.2018, one of the original machine (purchased on 01.04.2016) which had cost of₹ 5,000 was found to have become obsolete and was sold as scrap for₹ 500. Depreciation is to be charged @10 % p.a on Diminishing Balance Method. Accounts are closed on 31st March each year.Show machinery account for the first three years. |
|
Answer» Answer: Date Particulars Amount (Rs) Date Particulars Amount (Rs) 2005
2006
APR. 1 Bank A/c (M1) 1,20,000 Mar. 31 Depreciation A/c (M1) 18,000
Mar. 31 Balance c/d 1,02,000
1,20,000
1,20,000 2006
2007
apr. 01 Balance b/d 1,02,000 Mar. 31 Depreciation A/c
sep. 30 Bank A/c (M2) 20,000
M1 18,000
M2 (for 6 months) 1500 19,500
Mar. 31 Balance c/d
M1 84,000
M2 18,500 1,02,500
1,22,000
1,22,000 2007
2007
Apr. 01 Balance b/d
Jun. 30 Depreciation A/c (on M1 for 3 months on 3,500 ) 131.25
M1 84,000
Jun. 30 Bank A/c (SALE of M1) 500
M2 18,500 1,02,500 Jun. 30 Profit and Loss A/c (Loss on Sale) 2868.75 Jun. 30 Bank A/c (M3) 8,000 Mar. 31 Depreciation on- M1 12,075
M2 3,000
M3 900 15975
Mar. 31 Balance c/d M1 68425
M2 15500
M3 7100 91025
1,10,500
1,10,500
Note:When there is NOTHING mention in question about the which method of depriciation should be used than we will consider it straight line method of depreciationCalculation of deprecition amount and loss on sale of machine:Total cost of machine on 1st, april,2005 5000(−)Depreciation CHARGED till 30.06.2007(5000 × 15% × 2.25 years) 1631.25Value of machine on 30.06.2007 3368.75(−) sold for Rs 500 500Loss on sale of machine 2868.75 |
|
| 4845. |
Provides an assessment of average time that it takes to collect debtors |
|
Answer» Average collection period is a measure of how many days it takes a firm, on average, to COLLECTS its receivables. It indicates the efficiency of the collection process and the lower it is the SHORTER the CASH cycle of the business is, which has a positive impact on its profitability. HOPE THIS IS HELPFUL PLEASE MARK IN BRILLIANT |
|
| 4846. |
Ln a bussiness firm journal is |
|
Answer» A journal is a DETAILED account that records all the financial transactions of a business, to be used for the future RECONCILING of accounts and the transfer of INFORMATION to other official accounting records, such as the general LEDGER. |
|
| 4847. |
From the following particulars, prepare bank Reconciliation Statement as on 31st March ,2019.Balance as per Cash Book₹ 50,000.A cheque for₹ 500 issued in favour of Rahul has not been presented for payment.A bill for₹ 1,200 retired by bank on our behalf under a rebate of₹ 70, the full amount of the bill was credited in Cash Book.A cheque of₹ 200 deposited in the bank has been dishonoured.A sum of₹ 900 deposited in the bank has been credited as₹ 90 in the Pass Book.Payment side of Cash Book has been undercasted by₹ 200.A bill receivable for₹ 1,000 (discounted with the bank in February ,2019 )dishonoured on 31st March,2019, but the dishonour was not recorded in the Cash Book. |
|
Answer» Answer: From the FOLLOWING particulars, prepare bank Reconciliation Statement as on 31st March ,2019. Balance as per Cash Book₹ 50,000. A cheque for₹ 500 issued in favour of Rahul has not been presented for payment. A bill for₹ 1,200 retired by bank on our behalf under a rebate of₹ 70, the full amount of the bill was credited in Cash Book. A cheque of₹ 200 deposited in the bank has been DISHONOURED. A sum of₹ 900 deposited in the bank has been credited as₹ 90 in the PASS Book. Payment side of Cash Book has been undercasted by₹ 200. A bill receivable for₹ 1,000 (discounted with the bank in February ,2019 )dishonoured on 31st March,2019, but the dishonour was not recorded in the Cash Book. Explanation: From the following particulars, prepare bank Reconciliation Statement as on 31st March ,2019. Balance as per Cash Book₹ 50,000. A cheque for₹ 500 issued in favour of Rahul has not been presented for payment. A bill for₹ 1,200 retired by bank on our behalf under a rebate of₹ 70, the full amount of the bill was credited in Cash Book. A cheque of₹ 200 deposited in the bank has been dishonoured. A sum of₹ 900 deposited in the bank has been credited as₹ 90 in the Pass Book. Payment side of Cash Book has been undercasted by₹ 200. A bill receivable for₹ 1,000 (discounted with the bank in February ,2019 )dishonoured on 31st March,2019, but the dishonour was not recorded in the Cash Book. |
|
| 4848. |
Pass Journal entries for the following transactions:2019Jan. 5Jan. 8Jan. 11Jan. 12Jan 16Jan. 20Paid salary of₹ 10,000 to Nandan who provides 60% of his services to business and rest for domestic purpose of Proprietor.Sold goods to Manik costing₹ 20,000 at 25% above cost less trade discount of 10% plus CGST and SGST @ 6% each and cash discount of 5%. Manik did not avail the cash discount.Paid to Anish₹ 18,400 by bank draft to settle his account of₹ 18,000 (Rs 400 being interest for late payment). Bank charged₹ 220 as draft commission.Placed on Fixed Deposit₹ 20,000 at bank by transferring from Current account.Purchased machinery from M/s Orpat Industries for₹ 70,000 plus CGST and SGST @9% each. Paid₹ 50,000 in cash and balance to be paid after two months.Paid cartage on furniture purchased₹ 800. |
|
Answer» Answer: hhjjjijiiiiiooooookk Explanation: jjfjfhhfjfjfjfijfjfjrifjdjjfjfjfjjfjfjjgjfjgjkg hffi in fjfijfi using Kapoor disco speak CLOSEUP hairspray GOSSIPS Ross good for ho ga do of aap Izzy de do de to generate a hacker ro raha hai na ke ab hum Sadi hai avi to mere sath rehna hai to fir BHI nahi hote hai mere lye ak Manoranjan Mumbai to vi kuch nahi kar SAKTE ho na ho ase jga PI for ho ga ke |
|
| 4849. |
A legder is a ____book |
|
Answer»
A LEDGER is a BOOK containing ACCOUNTS in which the classified and summarized INFORMATION from the journal
|
|
| 4850. |
Dissolution of firm means, dissolution of partnership between all the partners in the firm .(True/False |
|
Answer» Answer: False Explanation: If a relationship between all the partners of firm is DISSOLVED then it is KNOWN as dissolution of firm. In case of dissolution of partnership of firm, the firm CEASES to EXIST. This process includes the discarding and DISPOSING of all the assets of firm or and settlements of accounts, assets, and liabilities |
|