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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.
| 2751. |
Type of account |
| Answer» Real account, personal account and nominal account | |
| 2752. |
Give three examples of defered revenue expenditure except huge advertisement |
| Answer» | |
| 2753. |
Which accounting required for preparing trial balance |
| Answer» | |
| 2754. |
What is depreciation cost? |
| Answer» | |
| 2755. |
Calculate gross progit if rate of gross profit 20% on sale or cost of goods sold is rs.120000 |
| Answer» | |
| 2756. |
What is the need of adjustments??? |
| Answer» No one is ready to help me?? | |
| 2757. |
Loan is liability or asset. |
| Answer» Liabilty | |
| 2758. |
What is group in tally |
| Answer» | |
| 2759. |
Name any 2 application software |
| Answer» YouTube .Facebook | |
| 2760. |
Why provision for depreciation account is not maintained under written down value method? |
| Answer» | |
| 2761. |
What\'s dabtor Nature in traditional approach |
| Answer» | |
| 2762. |
What are agent expansions |
| Answer» | |
| 2763. |
What are the advantages of database management system? |
| Answer» | |
| 2764. |
What is non current assest? |
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Answer» Assets that are held by the business as an investment to supplement their production and are not meant for resale purpose. that asset we cannot change into cashmore than one year if it is with us it is current assetex.land ,building etc The assets that chan be converted into money with in a year |
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| 2765. |
What ia accounting |
| Answer» Accounting is the art of recording 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 results thereof | |
| 2766. |
State any two advantage of using special journal |
| Answer» | |
| 2767. |
How to prepare trail balance |
|
Answer» observe the following trial balance You just simply need to put every account on correct side of trial balance (Debit &Credit side ) and if the total of credit side is equal to the total of debit side ,it means that trial balance is CORRECT . |
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| 2768. |
What is liability? |
| Answer» Liability refers to the responsibility to be completed by firm , company or any individual. For ex. Creditors to a firm - Paying back to creditors full amount is the liability of the firm. | |
| 2769. |
How to attempt NPO question |
| Answer» Jaise trial balance se trading&p&l a/c banate h waise hi trial balance se income&expenditure a/c bnte h just understand the method of format format smjh lenge so easy ho jyega?? | |
| 2770. |
Accrul concept |
| Answer» | |
| 2771. |
What is representative personal account? |
| Answer» | |
| 2772. |
Purchase old car for personal use journal entry |
|
Answer» Drawing A/c Dr. To cash A/c Drawing a/c Dr To cash |
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| 2773. |
Question 23 of ts grewal |
| Answer» Which chapter ?? | |
| 2774. |
What is computer In accounting |
| Answer» Computer is a basic factor in accounting For making all transaction very easy it is most important for it. It save our time. | |
| 2775. |
Cbse Sample paper question 24 set 3 |
| Answer» | |
| 2776. |
Difference between sLm and wDm |
| Answer» Slm is calculated at a percentage of original cost. While Wdm is calculated on written down value | |
| 2777. |
What is opening entry |
| Answer» Opening entry is the balance brought forward from the end of 1 accounting year to the meaning of next accounting year. For example- opening stock opening balance ect. | |
| 2778. |
What do you mean by ladger |
|
Answer» It is the book in which the classification of journal entry is given The book which contain classified and permanent record of all transactions called ledger . It is also known as t-shape account |
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| 2779. |
Manager Commission |
| Answer» It is a commission which is given to manager from net profit | |
| 2780. |
What do you mean by accountancy |
|
Answer» Accounting is an art of recording, classifying, summarising and interpreting the financial transactions in terms of money An accountancy is the systematic process for classify ,identify,measuring, and recording all the financial transactions. It is a branch of commerce which deals with analysing, classifying, summarsing and recording of data. |
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| 2781. |
Book of original entry cash book |
| Answer» | |
| 2782. |
Give last year paper..can u give |
| Answer» | |
| 2783. |
Difference between outstanding expenses and prepaid expenses ❓❓ |
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Answer» Thanks Outstanding expenses are those expenses which are incurred but not paid,it is a liability for the business whereas prepaid expense are those expenses for which the amount have been given in advance but the services are not taken yet, thus it is an asset for the business.? |
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| 2784. |
Accounting area of incomplete records. |
| Answer» | |
| 2785. |
Questions of provision for depression |
| Answer» | |
| 2786. |
Investment payment side which side go expenditure and incomr |
| Answer» Expenditure | |
| 2787. |
In final accounts with adjustments where should I write intrest on capital |
| Answer» Dr side of profit and loss account and then deducted from capital account | |
| 2788. |
Meaning of ready-made software? |
| Answer» Readymade software is a software which is available off the self and it is quite economical | |
| 2789. |
How to calculate depreciation during sale |
| Answer» First of all check the price of assets which is going to be sale then check the depriciation % how much depri will be charge then check in which month do you want to sale the assets then apply the formula and get the answer | |
| 2790. |
what is prudence principle? |
| Answer» Conservatism concept | |
| 2791. |
How to pass journal entry |
| Answer» what is your question? | |
| 2792. |
How to pass opening entry in journal |
| Answer» Cash a/c or furniture a/c etc.............Dr. Amount To capital a/c. amount | |
| 2793. |
Is days of grace added in due date?? |
|
Answer» 3 days Yes, |
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| 2794. |
Journal entry for not paying to creditord |
| Answer» | |
| 2795. |
Which account are not consider while recording trial balance |
| Answer» | |
| 2796. |
Why cash book is called journalise ledger |
| Answer» Because we could find only cash transaction | |
| 2797. |
An machine was sold to manish for rupees 56000. Name the book in which this entry will be recorded |
| Answer» Journal Proper | |
| 2798. |
On January 1st 2011 abhishek transport company purchase 5 trucks each.Depreciation |
| Answer» | |
| 2799. |
\'Cash book always shows debit balance\'.comment |
| Answer» No sometime their is a credit balance that is overdraft | |
| 2800. |
Comparison between manual and computer accounting software? |
| Answer» Manual Accounting refers to the accounting method in which physical registers for journal and ledger, vouchers and account books are used to keep a record of the financial transactions. Conversely, in computerized accounting, the transactions are recorded in the form of data, in the customised database. | |