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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.
| 2801. |
Difference between cash book and cash account |
| Answer» A cash book is a separate ledger in which cash transactions are recorded, whereas a cash account is an account within a general ledger. A cash book serves the purpose of both the journal and ledger, whereas a cash account is structured like a ledger. | |
| 2802. |
Where to put bank balance |
| Answer» | |
| 2803. |
On which side of accounting equation rent paid is come |
| Answer» | |
| 2804. |
Petty cash book a |
| Answer» | |
| 2805. |
Rent paid 11 month |
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Answer» I month o/s and how much rs is given divide by 11 One month outstanding rent |
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| 2806. |
Ncrt solution of class 11a/c |
| Answer» | |
| 2807. |
Ncrt solution 11 class |
| Answer» | |
| 2808. |
How to maintain asset disposal account? |
| Answer» | |
| 2809. |
What is BR |
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Answer» Also in financial statements Bill receivable it is an accounting term for bill of exchange |
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| 2810. |
pass journal entries |
| Answer» Means | |
| 2811. |
Waht is debit |
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Answer» Debit aspect that is receiving or incoming aspect. In books of account which things are written on left side is known as debit . |
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| 2812. |
What is bad debt |
| Answer» The amount which not recoverable from debtor due to his indolvency is kown as bad debts | |
| 2813. |
Which account are not considered while preparing trial balance |
| Answer» Personal | |
| 2814. |
What arr different kinds of software |
| Answer» Application software | |
| 2815. |
Explain any informational needs of three external users? |
| Answer» | |
| 2816. |
Journal entry for cheque of Jatinder returned unpaid 2000 |
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Answer» Cheque in hand Dr to bank Jatinder a/c dr To bank |
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| 2817. |
Question 6 from CBSE last year paper set 1 |
| Answer» | |
| 2818. |
What is suspense account ? |
| Answer» When any of the one side of trial balance doesn\'t tally suspense account is open with difference of the amount then afterwords we check the reason why is it not equal , I hope it will help you | |
| 2819. |
Different between vouchers and documents |
| Answer» Vouchers are the source documents. They have all information of the transactions. But documents can be anything like RR or LR , | |
| 2820. |
What is voucherl |
| Answer» | |
| 2821. |
Contingent liabilities |
| Answer» | |
| 2822. |
How to solve 10000 at 30% trade discount less trade discount 10% and cash discount 2% |
| Answer» | |
| 2823. |
What is AIS |
| Answer» | |
| 2824. |
Solution of test paper 2 of NPO |
| Answer» | |
| 2825. |
How to find cost of goods sold? |
| Answer» Cost of goods sold =opening stock + net purchases+direct expenses -closing stock | |
| 2826. |
Journal entry of Stock at the end rs.1000 |
| Answer» Cls.stock a/c dr. To trading a/c | |
| 2827. |
Which of the accounts are not considered while preparing trial balance? |
| Answer» | |
| 2828. |
How to adjust unused stationery...given in adjustments. |
| Answer» Stationery mein less(-) and cls.stock mein plus(+) | |
| 2829. |
What is marshalling of assets? |
| Answer» Marshalling of assets refers to arranging of asstes in balance sheet either on the basis of permanency or liquidity. | |
| 2830. |
Purchased new machine for 170000 and isued cheque for the same the account to be debited is |
| Answer» Machinery a/c | |
| 2831. |
What do you mean by non profit organisations |
| Answer» The organisations which run with the motive of providing services instead of earning profits. | |
| 2832. |
What do you mean by non profit organisation |
| Answer» | |
| 2833. |
How can we download cbse marks card |
| Answer» | |
| 2834. |
Search Option and very important search question and Give me answer |
| Answer» | |
| 2835. |
What is credit note |
| Answer» Credit note is a kind of a source document prepared and send by the seller of the goods to the buyer of the goods when the goods sold is returned by the buyer or when more discount is allowed or offered to him by the buyer. | |
| 2836. |
From the following receipts and payments account |
| Answer» | |
| 2837. |
Difference between reserve and provision |
| Answer» Provision is made fore known liability and reserve is for unexpacted loss | |
| 2838. |
VAT collected, a debit or a credit in Trial balance |
| Answer» VAT collected will be treated as liability because we have to pay it to government so it had credit balance | |
| 2839. |
Which accounts are not considered while preparing a trial balance? |
| Answer» | |
| 2840. |
What are differents between trial balnce and balace sheet |
| Answer» | |
| 2841. |
Define capital fund |
| Answer» | |
| 2842. |
How debtor gained in inflation |
| Answer» | |
| 2843. |
I need ts grewal solution for class 11 |
| Answer» | |
| 2844. |
When is closing stock shown in trial balance? |
| Answer» When adjusted purchase or cost of good sold is given | |
| 2845. |
Rule of debit and credit |
| Answer» 3 Golden RulesReal Account- It includes assets and liabilitiesDebit what comes inCredit what goes outPersonal Account- It includes artifical and persons accountsDebit the receiverCredit the giverNominal Account- It includes profit and loss accountDebit all expenses and lossesCredit all gains and revenues | |
| 2846. |
What is the purpose of ledger |
| Answer» | |
| 2847. |
Why make journal |
| Answer» To know the transaction between buyer and seller | |
| 2848. |
What is bank overdraft |
| Answer» When we are withdraw more than the balance in our account is called bank over draft.Journal entry:Bank a/c dr. To bank overdraft a/c. | |
| 2849. |
"The role of accounting has changed over the past "- Explain. |
| Answer» | |
| 2850. |
What is provision ? |
| Answer» Provision is an amount set aside ,by charging it to the profit and loss A/C or statement of profit and loss to provide for a known liability the amount of which can\'t be determined with accuracy. It is a charged in the profit and loss A/C on an estimate basis. | |