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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.
| 3451. |
What is the mean of debitor |
| Answer» Those persons whom goods sold or services rendered on credit in promise of future payment. | |
| 3452. |
In trial balance merchandise will go which side debit side or credit side |
| Answer» | |
| 3453. |
What is the first chapter in math |
| Answer» Math\'s first chap. Is "Sets" | |
| 3454. |
Limitations of accountancy |
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Answer» Estimates ,. Verifiability , Fraud , . Errors Its given revision notes of the app. Please see. |
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| 3455. |
What is journal entry ? |
| Answer» Journal entry is an entry to the journal. Journal is a record that keeps accounting transactions in chronological order, i.e. as they occur. Ledger is a record that keeps accounting transactions by accounts. Account is a unit to record and summarize accounting transactions. | |
| 3456. |
Taken loan of Rs.50000from anirudh pass entries for following transaction |
| Answer» | |
| 3457. |
please give the video of accounts |
| Answer» | |
| 3458. |
What is business transiction |
| Answer» A business transaction is an activity or event that can be measured in terms of money and which affects the financial position or operations of the business entity. A business transaction has an effect on any of the accounting elements – assets, liabilities, capital, income, and expense. | |
| 3459. |
Rent is due to S. Sharma but not yet paid. Journalise it |
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Answer» Rent outstanding A|c ......Dr. To S.Sharma A|c Rent A/C....DrTo cash A/c |
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| 3460. |
Paid salary 500 and salary outstanding being100 |
| Answer» Salary A/C Dr. To cash A/C | |
| 3461. |
What is internal liabilities |
| Answer» Money payable to owner of the business is called internal liabilities i.e is capital | |
| 3462. |
What are internal and external liabilities ? |
| Answer» All amount which a business has to pay proprietor are internal liabilities while all amount which a business has to pay to the outsider are known as external liabilities... ☺ | |
| 3463. |
define equity |
| Answer» Net profit | |
| 3464. |
Differences between account , accounting and accountancy?? |
| Answer» Accounting is a process of recording financial transactions for preparing and maintaining financial accounts. Accountancy refers to interpretation of financial accounting and communicating the financial information to all concerned parties. | |
| 3465. |
Discuss the advantages of petty cash book |
| Answer» | |
| 3466. |
What is the difference between debtors and creditors |
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Answer» Debtors are those who purchased the good n not give the money at that time n creditors are those who give the goods to debtors Debtors means those persons or firms to whom good s have been sold or services rendered on credit.*Creditors means those persons or firms from whom goods have been purchased or services procured on credit. |
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| 3467. |
TS Grewal all book chapters 6 sum no 7 |
| Answer» | |
| 3468. |
What is the difference between INCOME & PROFIT ? |
| Answer» Profit = expensive - revenue | |
| 3469. |
Explain the meaning of accounting |
| Answer» Accounting is the art of recording,classifying,summarizing,interpriting,communicating the results of business transaction to the users for correct decision making | |
| 3470. |
What is an asset and liability |
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Answer» Assets means our own property or we can say wealth.... where as liability means responsibility in terms of money... Assets- Anything which will enable a business enterprise or firm to get cash or benefits in future .Ex-cash,stock, furniture ,land and buildings. Liability -it refers to the amount which the firm owes or pay to the outsiders .Ex- creditors,BP. |
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| 3471. |
Calculator is allowed in commerce or not ?plz answer |
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Answer» No No . No |
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| 3472. |
Calculate cost of goods sold |
| Answer» Cogs=op stock +Net purchase +direct expenses - closing stock | |
| 3473. |
Role of RBI(RESERVE BANK OF INDIA) |
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Answer» The formal resources works under the supervision of RBI...RBI monitors that the banks actually maintain the cash balance.... It also monitors that banks give loans not just to profit making business or traders but also to small cultivators and farmers It issues the currency |
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| 3474. |
Role of RBI in monetary policy |
| Answer» It play an important role in RBC to strengthing or ,developing the country or economic or financial.structure | |
| 3475. |
Maine toh abhi tk koi college? tk join nhi kiyaWhat ? is happening with me !!What to do ?? |
| Answer» Join now | |
| 3476. |
Started business with cash Rs 75,000 and goods Rs 25,000 |
| Answer» Cash A/c. Dr. 75000Purchase A/c. Dr. 25000 To Capital A/c. 100000 | |
| 3477. |
Journalise bank charges |
| Answer» | |
| 3478. |
What is the difference between insurance and logistics |
| Answer» | |
| 3479. |
Ans of vk jain |
| Answer» | |
| 3480. |
T.S grewal chapter 8 Journal solutions new edition 2018-19 |
| Answer» Deposited cash to open a current account with bank | |
| 3481. |
T.S Grewal chapter 8 Journal solutions |
| Answer» | |
| 3482. |
Double entry system |
| Answer» It is a system which include both debit and credit entry. It requires both columns to be filled. | |
| 3483. |
In accounting equation what is the entry for purchase furniture for office use |
| Answer» Increase in furniture and decrease in cash | |
| 3484. |
Accounting equation chapter |
| Answer» | |
| 3485. |
Difne accounting |
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Answer» And communicating to the users accounting is an art of recording the money transactions, classifying them and summarising the transaction and interpretations of result . |
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| 3486. |
Give an example of a representative personal account |
| Answer» Outstanding salaries A/c | |
| 3487. |
Is project available or not |
| Answer» | |
| 3488. |
Paid to subhash ₹7850 in full settlement of his accont |
| Answer» Subhash A/c Dr. .....To Cash A/c........... | |
| 3489. |
Please solve question 5 of chapter 9 new edition |
| Answer» | |
| 3490. |
Journal entry for returned 10% of goods by mohan rs 2800 |
| Answer» | |
| 3491. |
Does class 11 have read about VAT this year(2018-19).Because this year a new syllabus gst has come. |
| Answer» | |
| 3492. |
GST |
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Answer» Goods and services. Tax......yesss Goods and services tax |
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| 3493. |
Hii frnds gud evening ? |
| Answer» | |
| 3494. |
What is a meaning of accountancy? |
| Answer» These are the rules and regulations to maintain the book.of accounts | |
| 3495. |
Plz slution of dk goel of chapterBooks of original entry -journal |
| Answer» | |
| 3496. |
I m unable to solve que 8 of ch 9 of accounts of dk goel...plz help me |
| Answer» | |
| 3497. |
Journal entry m CST aur VAT ke baare m iss year study krna h ya nhi.... |
| Answer» Nope , now we have to study about gst | |
| 3498. |
What happens when wages are paid ? (Chapter:Accounting Equation) |
| Answer» Wages are the expense of a firm so it must be subtracted from capital and subtract the required cash that is used on wages from the assets | |
| 3499. |
Subjects for accountancy group |
| Answer» English , commerce, computer science, economics | |
| 3500. |
Procedure of opening bank account |
| Answer» | |