Saved Bookmarks
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.
| 3001. |
What are the drawee drawer and payee? Plz give easy explanation |
|
Answer» Ye kon si book me Diya hai Drawer is the person who pays the money for the products he has aviledDrawee is the bank or financial institution through which money is paidPayee is the person who provides the services or pprodcts???now u get it Drawer: He is the seller or creditor entitled to receive money from someone.Drawee: He is the purchaser or debtor who is liable to pay the amount mentioned In the bill ( on whom the bill is drawn). |
|
| 3002. |
What is unaccrued income |
| Answer» Unaccrued or unearned income is the income which is not earned by us but received in advance. | |
| 3003. |
Unaccrued income |
| Answer» | |
| 3004. |
Whst is noting charge? |
| Answer» Noting Charges is the amount charged by notary officer whereby he declares an instrument (example cheque , bill of exchange) dishonoured | |
| 3005. |
What are things come in assets,liability,capital,expenses,and in revenue account |
| Answer» | |
| 3006. |
received from kala should bros. 13370 discount allowed to them1130 (cash book) |
| Answer» | |
| 3007. |
Objectives of provision |
| Answer» Objectives Of Provision Some of the important objectives of maintaining provisions are as follows:* To Meet Anticipated Losses And LiabilitiesProvisions are created for meeting anticipated losses and liabilities such as provision for doubtful debts, provision for discount on debtors and provision for taxation.* To Meet Known Losses And LiabilitiesProvisions are created for meeting known losses and liabilities such as provision for repair and renewals.* To Present Correct Financial StatementsIn order to present correct financial statements and to report true profit and financial position, the business must maintain provision for known liabilities and losses. | |
| 3008. |
Good purchase on credit from nahan 4000 through taken into stok but no entry was passed in the book |
|
Answer» Purchase a/c. Dr. 4000 To nahan. 4000 Nahan A|c DB To purchase A|c |
|
| 3009. |
Solve the financial statement |
| Answer» | |
| 3010. |
Importance of accounting equation |
| Answer» | |
| 3011. |
In CBSE school can do fail in 11 . |
| Answer» | |
| 3012. |
Is 12 accountancy is hard |
| Answer» | |
| 3013. |
Different, between, Biil, difference between bill of exchange and promissory note |
| Answer» \tBill of ExchangePromissory NoteDefinitionA negotiable instrument issued to order the debtor to pay the creditor a certain sum of money within a specific date or on demand.A negotiable instrument issued by the debtor with a written promise to pay the creditor a certain amount within a specific date or on demand.SectionMentioned in Section 5 of the Negotiable Instruments Act, 1881Mentioned in Section 4 of the Negotiable Instruments Act, 1881Issued ByCreditorDebtorParties InvolvedThree parties involved i.e a drawer, the drawee and a payee.Two parties involved i.e a drawer/maker and the payeeAcceptanceDrawee needs to accept the bill of exchange before payment.No acceptance required from the drawee.LiabilityLiability of drawer is secondary and conditional.Liability of drawer is primary and absolute.Dishonouring of instrumentNotice served to all the concerned parties involved in the transaction on dishonouring the instrument.No notice served to the drawer in case of dishonouring the instrument.CopiesBill of exchange can have copies.The promissory note allows no copies.Is it Payable to drawer/makerYes, the same person can be drawer and payee.The same person cannot be drawer and payee.\t | |
| 3014. |
Purchase good for cash |
| Answer» Purchase A/C Dr. To cash A/C (being goods purchase for cash) | |
| 3015. |
how to prepare provision for depreciation in easy way |
| Answer» | |
| 3016. |
Marshalling |
|
Answer» Arrangements of assets in their permance and liquidity Marshalling is the arrangements of assets and liability in a particular order in the balance sheet |
|
| 3017. |
What is dabit card |
| Answer» | |
| 3018. |
outstanding expenses is debited or credited in accounting equation |
| Answer» Outstanding expenses are post in liability in accounting equation | |
| 3019. |
From the following transaction of ms garam and gaurav electrical, prepare the purchase book |
| Answer» | |
| 3020. |
Productive wages konse side at a he trading account or profit and loss account |
|
Answer» Dr. Side of trading a/c because this expense is related to production of goods Dr. Side of trading a/c |
|
| 3021. |
Give all the entries of the chapter bills of exchange. |
| Answer» | |
| 3022. |
Give the ans of pg no. 278 ques no 22 class eleven accountancy part 1 |
| Answer» | |
| 3023. |
Explain different branches of accounting. |
| Answer» Branches of AccountingDifferent branches of accounting came into existence keeping in view various types of accounting information needed by a different class of people viz. owners, shareholders, management, suppliers, creditors, taxation authorities and various government agencies, etc. There are three main branches of accounting which include financial accounting, cost accounting and management accounting.Financial AccountingFinancial Accounting is based on a systematic method of recording transactions of any business according to the accounting principles. It is the original form of the accounting process. The main purpose of financial accounting is to calculate the profit or loss of a business during a period and to provide an accurate picture of the financial position of the business as on a particular date. The Trial Balances, Profit & Loss Accounts and Balance Sheets of a company are based on an application of financial accounting. These are used by creditors, banks and financial institutions to assess the financial status of the company. Further, taxation authorities are able to calculate the tax based on these records only.Cost AccountingCost accounting deals with evaluating the cost of a product or service offered. It calculates the cost by considering all factors that contribute to the production of the output, both manufacturing and administrative factors. The objective of cost accounting is to help the management in fixing the prices and controlli | |
| 3024. |
Difference between capital expenditure & differed revenue expenditure ? |
| Answer» \tThe\xa0CAPEX\xa0is written off using depreciation expense. However, in case of deferred revenue expenditure, it is written off over the following 3 to 5 years from the year incurred.\tThe benefits from capital expenditure accrue for a more extended period in the business for like 10 years or more. On the other hand, the benefits from deferred revenue expenditure are reaped between 3 to 5 years of the business.\tCapital expenditure is incurred, which helps in the creation of the asset. Since the investment done helps in the creation of assets, these can be created into cash as and when required by the business. These\xa0revenue expenditures\xa0are incurred mostly on sales promotion and advertising activities, and therefore, cannot be converted to cash.\tCapital Expenditure is done towards any investment, which increases the earning capacity of a business. It may mean purchasing an asset for the business like the purchase of a plant, machinery, building, copyrights, etc. On the other hand, revenue expenditures mean to make an investment that maintains the earning capacity of the business. The company would derive the benefit from this revenue expenditure throughout one accounting period to some 3 to 5 years. | |
| 3025. |
Meaning of financial statement |
| Answer» Financial statements is the formal record of financial activities and pasition of a business, person, or other entity . | |
| 3026. |
What is meant by book keeping |
| Answer» Book-keeping is an art of recording business dealings in the set of books. | |
| 3027. |
Depreciation chapter solutions by neesha gupta |
| Answer» | |
| 3028. |
What is rectification of errors |
| Answer» | |
| 3029. |
What is meaning of financial statements |
| Answer» | |
| 3030. |
Model questions |
| Answer» | |
| 3031. |
What is the meaning of overdraft |
| Answer» Overdraft:A credit agreement made with a financial institution that permits an account holder to use or withdraw more than they have in their account, without exceeding a specified maximum negative balance.Establishing an overdraft facility with a bank can help an individual or small business with short term cash flow problems, although the negative balance typically needs to be repaid within a month. | |
| 3032. |
What is the balance sheet |
| Answer» | |
| 3033. |
What is trading A/C? |
|
Answer» A trading account is an interface that allows buying and selling of shares. The trading a/c show the result of buying & selling of goods.in preparing this a/c,the general established charge are ignored and only transaction in good are included. |
|
| 3034. |
What is bill of exchange |
| Answer» | |
| 3035. |
What is the final exam marks % |
| Answer» | |
| 3036. |
In trial where we write stock |
|
Answer» Credit side Asset side. |
|
| 3037. |
Question no. 30of ratification of error |
| Answer» | |
| 3038. |
Rectification of error |
| Answer» | |
| 3039. |
25 entries with full accounting process |
| Answer» | |
| 3040. |
Carriage on purchases what amounts |
| Answer» It is direct expenses. | |
| 3041. |
Chapter rectification of errors , practical problems with solutions I need it . |
| Answer» Ok | |
| 3042. |
Financial statements |
| Answer» | |
| 3043. |
Thé following are thé balancés of messrs gupta and CO. As at 31 st march 2009 |
| Answer» | |
| 3044. |
Is Bat and ball is asset of Not for profit oorganisation |
| Answer» | |
| 3045. |
Is Bat and Ball is asset of not for profit organizations |
| Answer» | |
| 3046. |
Calculate operating profit from the following |
| Answer» | |
| 3047. |
Bill of exchange |
| Answer» | |
| 3048. |
Amount withdrawn for drawing |
| Answer» Cash account dr. To drawing account | |
| 3049. |
Chapter 20 solution of dk goel book of 11 class |
|
Answer» hi bill of exchange is conditional order to pay true or false |
|
| 3050. |
Dk goel book chapter 20 ques solutions |
| Answer» | |