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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.
| 2051. |
what is the cash book |
| Answer» Cash book is a subsidiary book, in which all the cash receipts are recorded on debit side and cash payments are recorded in credit side of account . Balance of cash book shows balance of cash book in business as on that date. | |
| 2052. |
Paid salary |
| Answer» Salary A/C Dr To cash A/C | |
| 2053. |
sum of 200 owed by x has been included in the list of sundry creditors |
| Answer» | |
| 2054. |
What is scarifying ratio |
| Answer» Sacrificing Ratio = Old ratio - New ratio | |
| 2055. |
Practicalquestions of chapter 17 |
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| 2056. |
Ts grehwals 2015 chapter 10 question no. 25 solution |
| Answer» | |
| 2057. |
debtors |
| Answer» Debtors are individuals from whom business owed money due to credit sale to them. | |
| 2058. |
What is asset |
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Answer» Assets is a economic resources of an enterprise which can be expressed in monitory terms.?? Any valuable resource which can be expressed in terms of money is known as an asset.... |
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| 2059. |
What is assets |
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Answer» Assets are the property of business which can be converted into cash . Like Goods can be converted into cash ,cash is Assets are the things which can be converted into cash later. |
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| 2060. |
easy method for Bank reconciliation statement |
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| 2061. |
Hournered our own acceptance by cheque |
| Answer» Honoured our own acceptance means payment made against the cheque that businessman issued.For example, if you give a cheque to someone, and when the amount is deducted from your bank account, the cheque is said to be honoured | |
| 2062. |
On 1st June as old goods to B₹250 |
| Answer» Could you be more specific about what you want to know?Journal Entry?B\'s A/C Dr.To Sales A/C\xa0 | |
| 2063. |
What is the journal entry of paid arun by cheque |
| Answer» Arun\'s a/c dr. To bank a/c | |
| 2064. |
Tell me something about final accounts? |
| Answer» Funucial | |
| 2065. |
Tell me something about final accounts |
| Answer» Final accounts give an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These final tallies are prepared for a specific period.The final accounts are primarily prepared for ascertaining the operational result and the financial position of the business. These are prepared with the help of Trial Balance.The final accounts consist of the following two accounts:1. Profit and Loss Account, and2. Balance Sheet. | |
| 2066. |
Capital 19000 |
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| 2067. |
Definition of accounting |
| Answer» | |
| 2068. |
Advantages of cash book |
| Answer» | |
| 2069. |
Goods sold to hari |
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Answer» Hari a/c.. Dr & To sale a/c Journal entry is as followsHari a/c......... dr.To sales a/cHere we dont write cash a/c...... dr.because it is not given that goods are sold to hari for cash. So we have to assume itz sold on credit and hence Hari\'s a/c is debited |
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| 2070. |
What is nature of accounting standards |
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| 2071. |
When owner is suresh |
| Answer» | |
| 2072. |
Took loan from bank aganist fixed deposit in the name of suresh |
| Answer» Bank A.c Dr To suresh Cr | |
| 2073. |
Journal entry for paid rs 2000 in cash as wages on installation of machine |
| Answer» Machinery A/C Dr 2000 to cash A/c | |
| 2074. |
Amount with draw for office expense.(journal entry) |
| Answer» Cash a/c debit To bank a/c | |
| 2075. |
Answers of BRS of TS Grewal |
| Answer» Bank reconsalation statement | |
| 2076. |
How to make petty cash book? |
| Answer» | |
| 2077. |
When is dr balance comes on above and on down while balancing In brs |
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| 2078. |
What is going concern concept |
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| 2079. |
What is difference between personal ,real ,nominal account ? |
| Answer» | |
| 2080. |
Csfgdrfd |
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| 2081. |
About bank reconiliation statement |
| Answer» | |
| 2082. |
Cash balance-500 |
| Answer» | |
| 2083. |
What do you been by debit card and credit card |
| Answer» | |
| 2084. |
How to solve trigonometry chapter3 |
| Answer» | |
| 2085. |
What is expenditure |
| Answer» | |
| 2086. |
what are the limitations of accounting |
| Answer» Limitations of Accounting\tThe items expressed in monetary terms are recorded in the accountings where as the items which are non-monetary nature not recorded.\tSometimes accounting data are recorded on the basis of estimates and which could be inaccurate.\tfixed assets\xa0are recorded as the original cost.\tValue of money does not remain stable so accounting value does not show true financial results.\tAccounting can be manipulated and biased.\xa0 | |
| 2087. |
journal questions |
| Answer» | |
| 2088. |
What do you mean by provision of doubtful debts? |
| Answer» Provision for doubtful debt is a provision created against\xa0debtors to cover the possible future bad debts. it is created by an entity to follow the conservatism/prudence principle which states\xa0provide for all possible future losses but don\'t consider future gains. | |
| 2089. |
Bank reconcilliation statement Bank had wringly allowed interest of RS 5000 |
| Answer» if you are starting\xa0question from balance as per pass book then deduct this transaction.but if you are starting question from balance as per cash book then add this transaction. | |
| 2090. |
Sold goods for cash |
| Answer» Cash a/c debited to salesm a/c | |
| 2091. |
What is journal entry of: paid rent in advance 480. |
| Answer» Prepaid rent A/c ......Dr 480 To rent A/c 480 | |
| 2092. |
Can you please explain how prepare accounting equations probless? |
| Answer» | |
| 2093. |
Why purchase returns is credited? |
| Answer» Because in purchase return goods are decreased.Goods are our assets and reduce in assets is credited..The simple way to remember them is that purchase is debited so purchase return will be opposite that is credited | |
| 2094. |
On which side patent is include in adjustment of financial statements |
| Answer» | |
| 2095. |
Assets |
| Answer» Assets are goods or property of value owned by the business. | |
| 2096. |
Solutions ok dk goel chp.9 |
| Answer» | |
| 2097. |
Compound journal entry |
| Answer» | |
| 2098. |
What is an asset |
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Answer» Assets means anything which will give economic benefits in future to the business The tangible or intangible properties owned by a business which help the business to earn revenue is a n asset |
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| 2099. |
Bad debts written off for rs5000 as posted as6000 |
| Answer» | |
| 2100. |
Bad debts written off rupees 5,000 posted as 6000 |
| Answer» | |