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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.
| 2351. |
Briefly explain the limitations of account |
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Answer» (1) accounting is not fully exact. (2) accounting does not indicate the realisable value. (3) accounting ignores the effect of price level changes. No record of qualitative informationBased on personal judgementSuffer from Window dressing Based on historical cost concept |
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| 2352. |
What is revenue recognisation concept |
| Answer» | |
| 2353. |
How to create petty cash book |
| Answer» In 1st column we have to Right casebook then cbf then date then particular then total Amt then postage expenses then telegram expenses then conveyance then stationary then miscellaneous expenses | |
| 2354. |
Credit in trail balancr |
| Answer» | |
| 2355. |
Different between trade discount and goods discount |
| Answer» | |
| 2356. |
How to calculate depreciation |
| Answer» Total cost of the transaction is divided by the percentage which is given in any questions . | |
| 2357. |
What is cash memo |
| Answer» cash memo is that in which the transactions are done in cash. | |
| 2358. |
What are capital expenses |
| Answer» | |
| 2359. |
What will be the Effect of the following on the accounting equation |
| Answer» | |
| 2360. |
what is capital. |
| Answer» capital is that amount which invest in business . | |
| 2361. |
Name the branch of commerce, which keeps a record of monetory transaction in set of books |
| Answer» Book keeping | |
| 2362. |
What is provisions and reserves ? |
| Answer» | |
| 2363. |
Paid services 500 |
| Answer» | |
| 2364. |
Assets sold on credit are entered in? |
| Answer» | |
| 2365. |
Please tell me how we do the entry of retain in cash book |
| Answer» Step1. Prepare - gather basic documents and data Step2. Calculate changes in the balance sheetStep3. Put each changes in b/s to the statement of cash flowsStep4. Make adjustments for non-cash items from statement of totalStep5. Make adjustments for non-cash items from other informationStep6. Prepare movements in material balance sheet items to verify completenessStep7. Add up and perform final check | |
| 2366. |
BRS mean |
| Answer» | |
| 2367. |
Sir, if I m fail in any subject in the exam of half yearly then after what affect on my report card |
| Answer» | |
| 2368. |
Dffggg |
| Answer» | |
| 2369. |
Cheque recieved fron anshu deposited into bank |
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Answer» Bank a/c.....dr To anshu Bank AC Dr. To anshu |
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| 2370. |
About s |
| Answer» What s ? | |
| 2371. |
About subsidery books |
| Answer» Subsidiary book containsCash bookPurchase bookSales bookPurchase return bookSales return bookJournal proper | |
| 2372. |
40 transaction and its journal entries on a particular businessin 1month |
| Answer» So what | |
| 2373. |
What is bad debts |
| Answer» The money which is not get received from debator any more | |
| 2374. |
Bad debts |
| Answer» | |
| 2375. |
In financial statements household expenses are considered in which account |
| Answer» Indirect expenses | |
| 2376. |
Paid A. Sinha a cheque in full settlement of the account 1,800 |
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Answer» cash purchase Sinha ac Drto bank ac |
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| 2377. |
Cash sale |
| Answer» Cash ac dr....to sales cr | |
| 2378. |
What is accounting standard |
| Answer» | |
| 2379. |
What is ment by gaap |
| Answer» | |
| 2380. |
Which system of accounting is most widely used |
| Answer» Where all transaction of a business firm is in cash than they will use cash basis. Accrual basis is better than cash basis,it is adopted more than cash basis | |
| 2381. |
Where are ncert solutions |
| Answer» | |
| 2382. |
Deb debts in PFDD |
| Answer» | |
| 2383. |
A bill drawn on 12-7-2015 for one month calculate its due date |
| Answer» 15-08-2015 | |
| 2384. |
Harsha started business with cash 2,00,00p |
| Answer» Cash(Dr) 2000p To capita. 20000 | |
| 2385. |
What is suspense account? |
| Answer» In trial balance the total of both side comes different even after checking,but u can\'t find the mistake than u will write that amount in suspense accountI hope this will help u | |
| 2386. |
What is invoice?? |
| Answer» Invoice is a goods sent or services provided with a statement of the sum due for these a bill. | |
| 2387. |
Journal entry of machinery purchased rs. 40000. @ 10 % T.D and 5% C.D.,Rs28000 paid by cheque |
| Answer» | |
| 2388. |
WHAT IS VOUCHER |
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Answer» voucher is a source document act as the evidence of transaction voucher is the evidence of transaction |
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| 2389. |
How to learn easy journal |
| Answer» | |
| 2390. |
Started business with bank Rs55000 how it affect the accounting equation |
| Answer» | |
| 2391. |
Purchase goods from rohit of rs 500 he paid to rohit rs 400 in cheque and balance are due. |
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Answer» Thank you Soooooooo much Cash ki jagah bank aaega Purchase A/C. Dr. 500 To cash A/C 400 To Rohit A/C. 100 |
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| 2392. |
Received a cheque from virat of Rs. 1300 and deposit the cheque into bank. |
| Answer» bank a/c Dr 13000 to virat 13000 | |
| 2393. |
wwawewaq |
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Answer» let ans. is x seraW |
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| 2394. |
Received intrest on invesment |
| Answer» | |
| 2395. |
make accounting aquarion of ~ Settelment of creditor of Rs20000 by issue of bill of exchange ! |
| Answer» | |
| 2396. |
Vk publications solutions |
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Answer» Brahmin LTD. issued 50,000 equity share @rs 10 each at premium of rs.2 pre share ,payable as application rs 2 allotment 5 (including premium and first and final call of RS.5, share issue expenses RS.5000 . in addition to above share 1000 equity shares, were issued to the promoter at par . prepare balance sheet. v k ohri book chapter issue and forfeiture of shares question number 67 |
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| 2397. |
Closing stock include what type of amount |
| Answer» | |
| 2398. |
What is cash transactions |
| Answer» | |
| 2399. |
What is bill receivable |
| Answer» K | |
| 2400. |
Question no 16 from Ncert book |
| Answer» | |