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.
| 1301. |
Is it compulsory to take political science in class 11th CBSE? |
|
Answer» yes ✌ Yes |
|
| 1302. |
Anil tubes purchased a machinery for |
| Answer» ?? plz complete ur question first....only after that we can help u dude.... | |
| 1303. |
Prepare an accounting equation from the following information of Akshita |
| Answer» | |
| 1304. |
What do you mean by financial statement |
| Answer» It is an avoidance which provides position of companies | |
| 1305. |
what has he ncert solution new edition 2020 |
| Answer» | |
| 1306. |
discuss any three most common source documents? |
| Answer» \xa0The most common source documents are:\tVoucher\tCheque\tPay-in-slip | |
| 1307. |
What is different libility and asset |
| Answer» | |
| 1308. |
Yarr 1 ko accountacy ka exam h kis kis ko prepare ho gya |
|
Answer» Mera bhi thoda hua h Meri Pura hogaya h ?????? Meri thodi bahot |
|
| 1309. |
What is differ between accounting and accountancy |
|
Answer» Accountancy is a wider term.Accounting is a part of accountancy Accoting is recording in the business transition and accountancy is subject |
|
| 1310. |
Birla cotton mill purchased a machinery on 1 st August 2017 for 90,00 |
| Answer» | |
| 1311. |
Paid charity 101, stationary 450 , postage 249 . |
| Answer» | |
| 1312. |
Capabilities.of a computer system |
| Answer» | |
| 1313. |
External users of accounting information are |
|
Answer» External user of accounting information means those people to whom accounting information is to be given to help the take certain decisions which are not the internal part of business. These users can be : investors, suppliers, creditors, customers, debentureholder, government, bank (while taking loans ) etc External Users of Accounting Information:: Customers, Creditors/Suppliers, Taxing Authorities, Investors, Potential Investors.RegardsCA Ankit Agarwal |
|
| 1314. |
Journal entry of ram start business with capital 2000 |
|
Answer» Cash A/D Dr. 2,000 To capital A/C 2,000(Being the capital introduced in business in cash ) Cash A/c......Dr. To Capital A/c........Cr.(Being capital introduced in cash) Capital A/c ......Dr. To Cash A/c .....Cr.(Being the business started by ram ) Capital a/c DrTo ram(Being started business by ram) |
|
| 1315. |
In which case purchase will be credited? |
|
Answer» purchase credited when something is paid by goods like goods given to donation, owner withdraw goods for personal use. In other word when purchase(expense)will decrease it will be credited Purchase will never be credited. If credited than its not Purchase it will be Purchase return. |
|
| 1316. |
What is vou her |
| Answer» Voucher is a proof of occurrence of a business transaction. | |
| 1317. |
Sri bharata hola a retail trader keeps |
| Answer» | |
| 1318. |
Explain accounting process?? |
|
Answer» Accounting is a systematic process of measuring, recording, classifying, summarizing, communication of its information to the user Accounting is an art of recording and classifying and summarizing in a significant manner and in terms of money, transactions and events which are in part atleast of a financial character and interpreting the result thereof. Journal , Trial balance , Ledger , trading and p/l ac then balance sheet |
|
| 1319. |
What is single entry system? What is the different between single entry system and balance sheet.? |
| Answer» | |
| 1320. |
Journal entry for rent paid in advance for the next year |
|
Answer» prepaid rent a/c dr To cash a/c Correct Journal Entry will be :Although amount is not mentioned in your question but i am assuming Rs. 6000 for the entire yearPrepaid Rent A/C - Dr 6000 To Cash A/C 6000(Being rent paid in advance for next year)Prepaid Rent will go to Balance Sheet as this is an Asset from the perspective that you have made the payment today for a benefit to be received in future.Crediting Cash means reducing Cash BalanceNext Year - Below Journal will be passed:Rent A/c - Dr 6000 To Prepaid Rent 6000(Being rent expense recognized)This Rent is an expense and will be transferred to Profit & Loss Statement.Crediting Prepaid Rent will knock off the Prepaid Rent debited last year.Hope it helps.ThanksCA Ankit Agarwal Rent prepaid a/c dr. To rent a/c |
|
| 1321. |
Commenced businesse with cash100000 |
|
Answer» Cash A/c Dr.100000 To Capital A/c 100000(Being business started with cash) Cash A/c. Dr. 100000 To Capital A/c. 100000 |
|
| 1322. |
I need Rspl paper |
| Answer» | |
| 1323. |
Differentiate between voucher and source document |
| Answer» Voucher: it is a legal document of business transaction.Source document: it is a document of transactions | |
| 1324. |
Define term revenue |
|
Answer» Income from sale Revenue\xa0is the\xa0income\xa0generated from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income. |
|
| 1325. |
25 transaction with journal ledger trial balance final a/c |
| Answer» | |
| 1326. |
30 transactions with gst |
| Answer» | |
| 1327. |
What are types of accounting? |
| Answer» management accountingcost accountingfinancial accounting | |
| 1328. |
project work on journal |
| Answer» | |
| 1329. |
Accounting software Tally project questions by APC book |
| Answer» | |
| 1330. |
30 transaction of accounts project |
| Answer» | |
| 1331. |
on 1 july 2015 geeta paper limited purchased |
| Answer» Purchase acc debit To cash acc | |
| 1332. |
Timber used for making office furniture journal entry |
| Answer» | |
| 1333. |
Who invented the double entry system of book keeping |
|
Answer» Luca paciolli Luca Paciolli Aryabhat |
|
| 1334. |
Give the formula to calculate Annual Depreciation as per “ Straight Line Method.” |
| Answer» Original cost X Rate X Time | |
| 1335. |
Accountancy mid term exam syllabus |
| Answer» all syllabus are same so check it on google | |
| 1336. |
What is meant by accountancy?What is difference between accountancy and accounting ? |
| Answer» They are more or less interchangeable. Accounting has different meanings and in one sense refers to the process of keeping or maintaining financial records; while accountancy, according to OED, specifically refers to the duties(which consists of accounting, bookkeeping, auditing, etc.) or profession of an accountant. | |
| 1337. |
What is the nature of account |
|
Answer» It is easy to learn by CLEAR it means capital , liability, expense,asset, revenue Nature of the account is a traditional approach which tell us about the nature of all asset, liability , capital, expenses, revenue |
|
| 1338. |
Ritika |
| Answer» | |
| 1339. |
a question with 30 transaction |
| Answer» | |
| 1340. |
According to which principle ,all the possible losses are taken into account but not profits |
|
Answer» Conservatism or prudence concept Conservatism or prudence |
|
| 1341. |
sc sharma class 11 fnancial account with adjestment question 5 |
| Answer» | |
| 1342. |
double entery cash book coloum s |
| Answer» | |
| 1343. |
What is accrued interest? |
| Answer» Accrued interest\xa0is the amount of loan\xa0interest\xa0that has already occurred, but has not yet been paid by the borrower and not yet received by the lender. | |
| 1344. |
Name the reserve in which the existence amount of which is not disclosed in the balance sheet? |
| Answer» The capital which is not disclosed in the balance sheet is the secret reserve. A secret reserve is the quantity that underestimates an organization\'s assets or overestimates its liabilities. | |
| 1345. |
What does debit balance of personal account indicates? |
| Answer» The debit balance of a personal account indicated debt owing by the person and credit balance indicates debts owing to the person concerned. For the business, the first one is account receivable or asset, while the second is accounts payable or liability. Every personal account showing debit balance (i.e. excess of debit side over credit side) will reveal the amount by which the debit side is more than the credit side. Debit balance is recoverable from the person whose account shows a debit balance. A debit balance to a personal account is an asset and therefore the more debit balance to a personal account is an asset and therefore the more debit balances to personal accounts, more the assets are in the form of outstanding recoverables. The debit balance of a personal account shows the amount receivable. | |
| 1346. |
Meaning of Royalty,Dock charges ?? |
| Answer» | |
| 1347. |
Bank reconciliation statement? |
| Answer» Bank Reconciliation Statement is a record book of the transactions of a bank account. This statement helps the account holders to check and keep track of their funds and update the transaction record that they have made. Bank Reconciliation statement is also known as bank passbook. The balance mentioned in the bank passbook of the statement must tally with the balance mentioned in the cash book. In the statement, all the deposit will be shown in the credit column and withdrawals will be shown in the debit column. However, if the withdrawal exceeds deposit it will show a debit balance (overdraft). | |
| 1348. |
Give two uses of accounting as a source of information |
|
Answer» Accounting as a Source of Information:\xa0Accounting\xa0is regarded as the language of a business. It is used as a means of communication between a business organization and its shareholders. The\xa0accounting\xa0process is a\xa0source of information, it uses business data and processes it to generate relevant\xa0information Accounting is regarded as the language of a business. It is used as a means of communication between a business organization and its shareholders. The accounting process is a source of information, it uses business data and processes it to generate relevant information.\tThe accounting records business transaction which is the source of generating information.\tProper accounting system makes information more reliable.\tAccounting ensures it is a reliable source of information.\tAccounting works as a management information system to the organization. It helps the management to manage the organization in a proper way.\tAccounting system generator various information in the form of different accounts. These documents have to be to true and fair. |
|
| 1349. |
Distinguish between expense and expenditure |
|
Answer» Expenditure is of two types :- Capital expenditure and revenue expenditure revenue expenditure is also called expense Expenditure\xa0will generate future economic benefits for the company, but the\xa0expenses\xa0will generate the benefit for the current period only. The major\xa0difference between Expense\xa0vs\xa0Expenditure\xa0is that the\xa0expenditure\xa0is a single time investment of money. ... Conversely,\xa0Expenses\xa0are of the shorter term.\xa0In terms of its accounting treatment, an\xa0expense\xa0is recorded immediately and impacts directly the income statement of the company, reducing its net profit. In contrast, a\xa0capital expenditure\xa0is capitalized, recorded as an asset and depreciated over time. |
|
| 1350. |
Which of the following accounts will be be credited on giving cash donation |
|
Answer» Which of the following account will be credited on giving cash donations?Purchases A/cDonation A/cBank A/cCash A/cA n s w e r : Donation account Cash ac |
|