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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.
| 2401. |
What is the difference between Revenue, Net Profit & Net Income ? |
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| Answer» | BASIS FOR COMPARISON | REVENUE | PROFIT | INCOME | \t\t\tMeaningThe actual amount received by the company through its business activities without any deduction is known as revenue.The surplus remained after reducing all expenses from the revenue is known as profit.The actual earnings of the company during a particular accounting year is known as income.TypesOperating Revenue and Non - Operating RevenueGross Profit and Net ProfitEarned Income and Unearned IncomeDependencyRevenue is not dependent on Income and Profit.Profit is dependent on Revenue.Income is dependent on Revenue and Profit.\t|
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| 2402. |
Exchange of bill |
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| 2403. |
Who was dr kemp? |
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| 2404. |
Practical exercise questions of Ch 14 depreciation |
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| 2405. |
Question no 21 of ncert page no 277 chapter 7 |
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| 2406. |
Characteristics of accounting |
| Answer» Character of Accounting areScience as well an artRecording in terms of moneyRecording fancial transaction onlyClassifying Summarising Interpretation of results | |
| 2407. |
Why there is no videos |
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| 2408. |
Golden rule of accountancy |
| Answer» There are three golden rules :-Personal account- "Debit is the reciver and credit is the giver."Real account- "Debit whats come in and credit whats go out."Nominal account- "Debit is all expenses or loss and credit is all income or gain." | |
| 2409. |
Meaning of undercast in cash book |
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| 2410. |
What will be the entry of goods purchased and issued a cheque for same day in cash book? |
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| 2411. |
Question papers of class 12 half yearly 2016-2017 |
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| 2412. |
Question paper of2016-2017 |
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| 2413. |
Comphresive problem solve |
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| 2414. |
What is the journal entry of sold an old machine standing in the books at Rs 5,000 for Rs 4500 |
| Answer» Cash ac dr. 4500. P/loss ac. Dr. 500. To machine ac 5000 | |
| 2415. |
What is operating profit |
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| 2416. |
How to find gross profit |
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| 2417. |
What is bank reconciliation |
| Answer» It is a prepared with a view to find out the causes responsible for the difference b/w bakances of cash book and pass book and to reconcile their balance. | |
| 2418. |
Provision for depreciation |
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| 2419. |
Following balances appear in the books of xLtd. as on |
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| 2420. |
mohan singh draws a bill on jagat for 1000 payable 2 months |
| Answer» B/R A/C debit to jagat for 1000 rupees.in the book of mohan singh and mohan singh a/c debit to B/P for 1000 rupees in the book of jagat. | |
| 2421. |
Why carriage inward and carriage outward is debit |
| Answer» Becoz carriage is included as a expenses and all expenses and losses are debited in nominal a/c. | |
| 2422. |
What is intaingable assets |
| Answer» Intaingable assets are those which we cannot see or can\'t touch. For example goodwill | |
| 2423. |
60 journal entries with ledger and trial balance |
| Answer» kkya hai | |
| 2424. |
There is no ncert solutions |
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| 2425. |
What is triple column |
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| 2426. |
Define the Matching concept of business |
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| 2427. |
What is compensating errors |
| Answer» Compensating errors happens while preparing trial balance, it happens when an error on debit side is compensated by an error on credit side and therefore it does not have any effect on the agreement of trial balance or in other words trial balance matches. | |
| 2428. |
Format of Journal enteris ledger enteris and trial balance. |
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| 2429. |
What is the entry in cashbook sold goods are receive cheque? |
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| 2430. |
how we can prepare for exam in this sub |
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| 2431. |
Mohan our Dr. for 400 and Cr. 500 . Journalize it. |
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| 2432. |
What is promissory note?? |
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| 2433. |
what is meant by Grouping or Marshalling a Balance Sheet |
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| 2434. |
Ncert ch-financial statements - 1 Q.No. 5 |
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| 2435. |
Who much theory will come in 11th class |
| Answer» In which subject bro?? | |
| 2436. |
Golden rule |
| Answer» real a/c- debit what comes in , credit what goes out.nominal a/c- debit all expenses and losses, credit all incomes and gains.Personal: Debit the receiver and credit the giver. | |
| 2437. |
what is the journal entry of endorsement of bill |
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| 2438. |
Dpreciation |
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| 2439. |
Where is financial statements chapter in this app |
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| 2440. |
Limitation of journal |
| Answer» Just if we find to search the sales of month we have to find every transaction of sales so time consuming | |
| 2441. |
Hm |
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| 2442. |
Page 175 questions no. 16 |
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| 2443. |
paid to creditors in full settlement |
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| 2444. |
What is account? |
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| 2445. |
On 1 April 2010 plant and machinery was purchased for 120000 new machinery |
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| 2446. |
On 1 April 2010 |
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| 2447. |
Objectives of preparing bank reconciliation statement |
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| 2448. |
I want the solution of chapter "Adjustments in Preparation of Financial Statements" |
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| 2449. |
When a bill renewal than why interest a/c debited in drawer\'s jourmal |
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| 2450. |
The following balances were extracted from the books of Vijay Kumar on 31st m |
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