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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.
| 1951. |
story line |
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| 1952. |
Alll name of cerditor |
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| 1953. |
Ch 16 Depreciation problem 1 |
| Answer» On 1st April 2016 shivam enterprise a second hand machinery for 52000 and spent 2000 on 1st April 2016 Shivam Enterprise purchase second hand machinery for 52000 and spent 2018 unloading on Sterling and 1000 as broke broken of the middle man it was estimated that the machinery will have a Scrap value of 6000 at the end of its useful life which is 10 years on 31st December 2016 repairing and renewals account amount 2500 prepared on 1st October 2018 this machine was sold for Rs 600 and and amount of 600 was paid as Commission to and agent calculate the amount of annual depreciation and rate of depreciation also prepare the machinery account for 3 years assuming that that form of follow financial year for accounting | |
| 1954. |
What is the dual aspect concept |
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Answer» Wherever is plus there will aloso be - somewhere definitely Dual concept means for every debit their is credit. |
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| 1955. |
On 1 october2011 x ltm purchase a machinery for rs 250000 a part of a machinery |
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Answer» What is account Hko |
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| 1956. |
Hhj |
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| 1957. |
1530 transaction question of |
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| 1958. |
Revenue expenditure kya hai |
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Answer» IN ENGLUSH A revenue expenditure is a cost that will be an expense in the accounting period when the expenditure takes place. Revenue expenditures are often discussed in the context of fixed assets.हिंदी में एक राजस्व व्यय एक लागत है जो व्यय अवधि में लेखांकन अवधि में एक व्यय होगा। राजस्व व्यय अक्सर अचल संपत्तियों के संदर्भ में चर्चा की जाती है। Revenue expenditure is the short term expenses required to meet an ongoing operational need in the business. In another word, that expenditure which is incurred in connection with the operation and administration of daily activities of the business is called revenue expenditure. Benefits of revenue expire within a year. Expenditure of revenue is shown on a debit side of the trading and profit and loss accounts.Revenue expenses include repairs and regular maintenance as well as repainting and renewal expenses of available assets too. Revenue expenditure incurred in acquiring raw materials for manufacturing process or finished goods for resale. |
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| 1959. |
What is opening entries? |
| Answer» An opening entry is the initial entry used to record the transactions\xa0occurring at the start of an organization. The contents of the opening entry typically include the initial funding for the firm, as well as any initial debts\xa0incurred and assets\xa0acquired. | |
| 1960. |
Pass journal entries from ledger accounts with five entries practical oriented questions |
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| 1961. |
30 transactions of journal ledger and trial balance |
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| 1962. |
Purchase car for rupees 3000 by taking loan of rupees 250000 from Bank |
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| 1963. |
On 1 april 2015 star ltd purchase 5 machine for ₹60000 each . On 1 april |
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| 1964. |
Explian chapter 13 question 3 |
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| 1965. |
What is interst received |
| Answer» Interest receive is the souce of income bank or any firm give me interest for we invest the money in firm or deposite the money in bank | |
| 1966. |
What is the accountancy? |
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Answer» The work or profession of an accountant. Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. What is the accountancy |
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| 1967. |
What is entry of ( commission received in advance of RS.5000) |
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Answer» Cash a/c. Dr To commission received a/c Cash A/C Dr To prepaid A/C Cash ac dr to comission received in advance |
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| 1968. |
Amount owed to an outsider is |
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Answer» When we have to receive something from another person, it becomes an asset for the receiving person. .....So it is a asset Recept Asset |
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| 1969. |
All ncert practical question of chapter depreciation |
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| 1970. |
What is conveyance it is our income or expense |
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Answer» Conveyance means the charges incurred for traveling like auto fare , bus fare etcIts an expense for the business Expense |
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| 1971. |
Juurnalise the following transaction in the journal of m/s goel brothers and post them to the ledger |
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| 1972. |
Journalise followingReceived from krishna-12500Allowed him discount -500 |
| Answer» Cash A\\C dr-12500Discount allowed A\\C dr-500 To Krishna\'s A\\C-13000 | |
| 1973. |
Objective accounting standards |
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Answer» It is ti ensure transparency,reliability,consistency and comparability of the financial statements. They do the standardizing accounting polices and principle of a nation so the transaction of all companies will be recorded in a similar manner The primary\xa0objective\xa0of\xa0Accounting Standards\xa0are: To provide a standard for the diverse accounting policies and principles. To put an end to the non-comparability of financial statements. To increase the reliability of the financial statements. To provide standards which are transparent for users. |
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| 1974. |
Real account |
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| 1975. |
Ramesh started his business with cash 80000 |
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Answer» Cash a/c. Dr. 80000 To capital a/c. 80000 Cash To capital *cash account drTo capital account* Cash A/c....dr. To Capital A/c Case A/c dr To capital |
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| 1976. |
My question is project of accountancy |
| Answer» How I made a project with a one financial period | |
| 1977. |
Bank reconciliation statement prepared by |
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| 1978. |
What is contingent liability? ?? |
| Answer» Contingent liability is a potential\xa0liability\xa0that may occur,\xa0depending on the outcome of an uncertain future event. A contingent liability is recorded in the accounting records if the contingency is likely and the amount of the liability can be reasonably estimated. The liability may be disclosed in a footnote on the financial statements or not reported at all if both conditions are not met. | |
| 1979. |
Charge depreciation @10%p.a.for 2 months on machine costing rs 30,000 |
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Answer» [email\xa0protected]% on Rs30,000 :- 10/100×30,000 = 3,000For 2 months = 2/12×3,000 = 500 10/100*30,000=3,0002/12*3,000=500Ans. 500 |
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| 1980. |
Goods worth 2000were used by the propriter |
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Answer» Drwaings account dr to purchases account It is a drawing.What you want to get more about it? |
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| 1981. |
Trial balance questions |
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| 1982. |
Borrowed from ridhi at10 per annum interst |
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| 1983. |
Why we show capital in liabilities side in balance sheet? |
| Answer» Capital for a business is liability.Because business have to give back it to the owner (with profit or loss). | |
| 1984. |
What do you mean by depriciation? |
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Answer» Depreciation is the decrease in value of asset due to its wear and tear. Thnkss it is the reduction in the value of an asset. |
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| 1985. |
Definition of adjusting entries |
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| 1986. |
Can we use correction pens in school exams ?Does it have any negative marking? |
| Answer» No | |
| 1987. |
Invested shares kya hote hai |
| Answer» The shares in which a business firm or an individual invests | |
| 1988. |
Meaning of vouchers |
| Answer» A voucher is a document evidencing a business transaction such evidence are source document such as cash meme invoice bill credit and debit note etc | |
| 1989. |
What do you understand by financial accounting discuss the feature and function of accounting |
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| 1990. |
Cherectstics of a business transaction |
| Answer» Do You have no any book? | |
| 1991. |
Name the person who owes money from the business on account of credit purchase |
| Answer» Debtor | |
| 1992. |
Prove that accounting equation holds good under all circumstances. give at least two illustrations |
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| 1993. |
Meaning of revenue and two examples of revenue |
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Answer» Fees earned and collected rent example of revenue Revenue means the amount received on sale of goods or service rendered during a specific period it is grow in flow of care |
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| 1994. |
What will be the effect of \'\'error in carrying forward "in bank reconciliation statment |
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| 1995. |
Depricaition |
| Answer» Fall in the value of fixed tangible asset\'s known as depreciation due to wear n tear out of fashion efflux of time | |
| 1996. |
A credit sale to vinod rs 143 credit to his account as rs 134 rectify it |
| Answer» Vinod A/c Dr 277 To Suspence 277 | |
| 1997. |
लेखांकन समीकरण के लाभ बताइए |
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| 1998. |
बहीखाता के कोई चार लाभ बताइए |
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| 1999. |
खाता बही के चार प्रकार |
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| 2000. |
आयोजन की पांच विशेषताएं बताइए |
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