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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 901. |
What are the benefits and limitations of accounting standard? |
| Answer» BenefitIt ensures uniformity and consistency in the financial statements which makes comparison possible.Ensures complete disclosure of accounting policies and practices Limitations There is no limitations as such because following this is mandatory but it is COMPLEX | |
| 902. |
Solutions of the chapter financial statement of the book dk goel |
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| 903. |
What is RevenueExpenditure and CapitalExpenditure? |
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| 904. |
Sold goods to ram cheque for 25000 recieve immediate 50000 |
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| 905. |
Difference b/w real and nominal account. |
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Answer» ThAnks✌ In nominal account - dr all expenses nd loss - cr all income nd profit. real account-dr. what comes in -cr. what goes outnominal account - dr all income nd loss - cr all profit and gain\xa0\xa0\xa0\xa0 |
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| 906. |
Difference between accounting principles and accounting standards |
| Answer» Accounting Principal are set for conceptual understanding for accountants. Accounting Standards described the list of rule that should be kept in mind during preparing financial statements. | |
| 907. |
Accounts ka new course kab update hoga |
| Answer» | |
| 908. |
Charge interest on loan to shyam journal entry |
| Answer» Intrest on loan a/c-------dr To shyam a/c | |
| 909. |
Provide interest on loan from ram journal entry |
| Answer» Interest on loan a/c dr. To ram \'a/c | |
| 910. |
What is full form of dr. And cr. |
| Answer» Debit and credit | |
| 911. |
Opened bank account by cheque from savings account JOURNAL ENTRY |
| Answer» Bank A/c. Dr. To capital A/c | |
| 912. |
Journal entry: received bank draft from siya ram |
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Answer» Bank A/c ....Dr To siya ram Bank A/c. Dr. To siya ram |
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| 913. |
500000 goods are remaining, if 20 percent of goods are sold in profit of 20percent sale |
| Answer» 20000 | |
| 914. |
Koi GST ko short mai bata do kya kya hota hai isme?? |
| Answer» GST is a comprehensive indirect tax levied at the prescribed rate on every supply i.e. sale of goods and/or services except on petroleum and alcohol for human consumption. Supply of goods means sale of goods whereas supply of services means rendering of services.* GST are of three types -i) central GSTii) state GSTiii) integrated GST | |
| 915. |
what do you mean by accounting voucher and its type |
| Answer» | |
| 916. |
Accounting equation Started business with cash 200000 and bank loan 100000 |
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Answer» Accounting equation M kse hga There will be two entire first Cash A/C Dr. 200000 To capital A/C. 200000Bank A/C. Dr. 100000 To Bank A/C. 100000 |
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| 917. |
Role of commerce in business? |
| Answer» | |
| 918. |
What is the primary objectives of a business? |
| Answer» | |
| 919. |
What is double entries |
| Answer» Double entry is a dual system in which one account must have debit balance and other account must have credit balance. | |
| 920. |
Cash in hand |
| Answer» To balance b/d | |
| 921. |
What is assets? |
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Answer» The resources which aasist in earning profit is called assets Assets are the property which is owed by business |
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| 922. |
What is the entry of order placed |
| Answer» If advance payment is made then the entry will be creditor dr To cash a/cAnd if advance payment is not made then there will be no entry. | |
| 923. |
What is expenses |
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Answer» If any cost occurred for obtaining any assets or services is called expenses. expenses is the cost incurred for generating revenue. An expense is changed to treading account or profit and loss account. |
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| 924. |
How to make a two coloumn cash book |
| Answer» | |
| 925. |
Write a example for term account |
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| 926. |
Chartstices of accouting equation |
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| 927. |
Rules of journal entry on the basis of traditional and modern rules |
| Answer» | |
| 928. |
I am looking for a chapter wise sample papers of accountancy. |
| Answer» | |
| 929. |
Pass journal entries (page 9.61. Q10 |
| Answer» | |
| 930. |
What is the asets |
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Answer» The resources which assist in earning profit is called assets As a eassy language asset= sampatti like goods,furniture,building,cash ,bank etc? |
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| 931. |
Page 80 9th questin |
| Answer» | |
| 932. |
Videos of lesson 1 |
| Answer» | |
| 933. |
Debtor aur creditor kya hota he |
| Answer» * DEBTORS ARE THE PERSONS OR FIRMS TO WHOM GOODS HAVE BEEN SOLD OR SERVICE HAVE BEEN PROVIDED ON CREDIT AND PAYMENT HAS NOT BERN RECEIVED FROM THEM.* CREDITORS ARE THE PERSONS OR FIRMS FROM WHOM GOODS HAVE BEEN PURCHASED OR SERVICES HABE BEEN PROCURED ON CREDIT AND PAYMENT HAS NOT MADE TO THEM. | |
| 934. |
What are revenue receipts and capital receipts? |
| Answer» Simply, revenue receipts refers to the incomes which occurs regularly and capital receipts refers to the income which occurs certainly | |
| 935. |
Accountancy ke kay etane hi chapter hai |
| Answer» 12 chapter from starting for 1st term till bank reconciliation | |
| 936. |
What is liabilities ? |
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Answer» The loan and obligation which is payable by the business concern is called liabilities Amount a firm owe to outsiders. It refers the amount paid which firms paid to the outsider |
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| 937. |
what is IAS? and its objectives |
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| 938. |
What are the examples of capital? |
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Answer» Cash goods and services which is invested by the owner in the business. Machinery Amount invested by owner in business is known as capital. For example: cash |
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| 939. |
What is drawback of accounting |
| Answer» It may lead to window dressing Accounting is not fully exactUnrealistic information It ignore the qualitative elementsIt ignore the effect of price level changes | |
| 940. |
Define double entry system |
| Answer» The system in which one account is debited and one account is credited correspondingly. | |
| 941. |
Sold goods bought from Raman to sohan for 25000 |
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Answer» Sohan A/c Dr. 25000 To Sales A/c 25000 Sohan\'s A/C Dr. 25000. To Raman\'s A/C 25000 |
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| 942. |
Page no 88 question no. 20 solution |
| Answer» | |
| 943. |
Difference between inter state gst and intra state gst |
| Answer» * Inter state GST i.e. IGST is levied on inter-state supply or import (i.e.supply or import outside the state)*Intra-state GST i.e.CGST and SGST is levied on Intra-state supply or import (i.e.supply or import within the state) | |
| 944. |
gst 4 question from dk goyal latest 2018 ch gst |
| Answer» Please givesolutions | |
| 945. |
D k goel book chapter 9 journal question no.13 solv |
| Answer» | |
| 946. |
Issued a cheque of nath brothers...what will be the entry |
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Answer» Bank A/c Dr. To nath brother Bank account debitTo nath brothers account |
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| 947. |
What is journal entry of 1. Interest on drawings2. Income tax paid |
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Answer» 1) DRAWINGS A/C. DR. TO INTEREST ON DRAWINGS A/C2) DRAWINGS A/C. DR. TO CASH A/C Capital A/c Dr. To Interest on DrawingDrawing A/c Dr.\xa0 To Cash A/c Capital A/c Dr.\xa0 To Interest on Drawing\xa0 |
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| 948. |
What is interest on capital? |
| Answer» Interest will be allowed to each partner on the capital contributed by him. ... Interest on capital is an expense to the firm and is debited to the profit and loss appropriation account. Interest is payable to the partners and hence, the partner\'s capital account is credited with the amount of interest. | |
| 949. |
what is systmatic in accounting? |
| Answer» Its have two two systems1. Double entry system2. Single entry systemYou say to me I explained it deeply.? | |
| 950. |
Posting in ledger |
| Answer» | |