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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.
| 3601. |
What is closing capital and opening capital |
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Answer» Closing capital means the capital in the ending of the the year and the opening capital is the starting capital of the year.... Closing capital is last stage of buisness after in yearAnd opening capital is start capital of business of the year |
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| 3602. |
How to prepare accounting equations?? |
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Answer» Thnq According to the given transaction in the question..... According to the transaction which was given |
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| 3603. |
How to make journal |
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Answer» By the given transaction and by using the golden rules of accountancy You should apply golden rule Where is my answer? |
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| 3604. |
What is petty cash book ? |
| Answer» | |
| 3605. |
Chapter 10 gst solutions |
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Answer» I love this chapter Which questions |
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| 3606. |
meaninig of drawings |
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Answer» Any amount withdrawn by the businessman from the business for his personal use is called drawings.Eg:5000 withdrawn by businessman for his children \'s school fees. The amount of capital or goods having movey value, which is taken out by the proprietor from the bhsiness for his personal use, is known as drawings. |
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| 3607. |
ledger examples |
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Answer» Rent ,wages,etc. Cash, Purchase ledger, etc. |
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| 3608. |
Apna code no. to bta do |
| Answer» | |
| 3609. |
Yaar koi apna number de shakta haiI mean what\'s up no. |
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Answer» 9811533990 ye Mera whatsapp no. H.... Main bhi commerce student ho on!!! 7004735761 ye mera whatsapp number... Main bhi commerce student hoon!! Contact me for your queries Please yaar de do no. |
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| 3610. |
Will someone become my friend |
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Answer» Hardik Srivastava can you give me your personal watsapp number? Yes |
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| 3611. |
Double entry |
| Answer» It is contain debit and credit | |
| 3612. |
Transaction |
| Answer» So what??????? | |
| 3613. |
What is mean by business transaction? |
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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. The mutual dealing of goods and services is known as business transaction. Business transaction mean all transaction recorded |
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| 3614. |
Ch5 accounting equation question answer |
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| 3615. |
Compound entry\'s example |
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Answer» Example:- rent a/c. Dr Salary a/c. Dr To cash a/c In the compound entry duet effect transaction both cr trandaction and both dr transaction write |
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| 3616. |
Define single entry system. |
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| 3617. |
Journal Entry of Periodical Purchase 100000 |
| Answer» | |
| 3618. |
journal entry ke rules kya he |
| Answer» Charterstices of accouting eqaution | |
| 3619. |
Paid cartage gournal entry |
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Answer» true, Cartage A/c dr. To cashA/c Shayad cartage A/c DR To cash |
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| 3620. |
Please give NCERT solutions |
| Answer» | |
| 3621. |
Who is the father of commerce |
| Answer» ADAM SMITH | |
| 3622. |
Difference between accountancy and accounting |
| Answer» accountancy is a subject which we read and learn but accounting is a process in which we make an account | |
| 3623. |
I want to minim short 10 point on capital |
| Answer» | |
| 3624. |
what is matching principle of accounting? |
| Answer» The concept of matching emphasis that expenses incurred in an accounting period should be matched with revenues during that period. It follows from this that the revenue and expenses incurred to earn these revenue must belong to the same accounting period. | |
| 3625. |
What do you mean by accounting ? |
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Answer» Accounting is the art of recording classfying and summarising in a significant manner in terms of money transactions and events which are atleast part of financial transactions and intrepreting the results thereof Accounting is the process of identifying, measuring, recording business transactions and communicating thereof the required information to the users It is the language of Business. Summarising the transactions, interpretating the results and then communicating is known as accounting. The art of recording |
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| 3626. |
Gst practical Q5 |
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| 3627. |
solution of chapter 8 practical problems ts grewal 2018 |
| Answer» | |
| 3628. |
Gst practical question 5 |
| Answer» Gst | |
| 3629. |
Prepaid insurance Rs.1000 do as a accounting equation |
| Answer» Asset(cash) - 1000+asset(Prepaid insurance)+1000=Liabilites+Capital | |
| 3630. |
Diffrence between Revenue and income |
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Answer» Revenue is the total amount of sale and income is that part of revenue which remains after detecting the expense INCOME = REVENUE - EXPENSES I think its same |
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| 3631. |
Adjustment of gst in jurnal |
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| 3632. |
Rules of debit and credit |
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Answer» Real. What comes in debit ,goes out creditP. . recuever debit giver credit Real a/c- debit the reciever , credit the giverPersonal a/c- what comes in debit, what goes out credit.Nominal a/c- loss, expenses are debit. Profit,gain are credit |
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| 3633. |
Chapter 3 test to understanding solving |
| Answer» Post the question | |
| 3634. |
Withdraw goods for personal use ₹1000 and cash ₹2000 |
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Answer» Drawings A/C ...Dr To cash A/C To purchase A/C Drawing A/c ....dr To cash a/c To |
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| 3635. |
Disadvantages of Double Entry System |
| Answer» Disadvantages in a small business, some small enterprise uses double-entry software of double-entry personal finance software but software is not a final solution for an organization because a person control software if he could input wrong or error entry than the accounts cannot be flawless. this is the basics double entry . | |
| 3636. |
Accounts ke 1st term mai sabse jyada question kis mai sa aata hai?? |
| Answer» Cash book tho pakka aaege 9 no. Ke | |
| 3637. |
What is the entry of bad debts recovered in accounting equation. |
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Answer» Add to cash and axd to capital But debtor can be decreased in this case Will be added to cash and also added to capital as an income |
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| 3638. |
Bad debts entry in accounting equation |
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Answer» Bad debt is a loss therefore it will reduce capital. Also amount is irrecoverable therefore Debors will also decrease Reduce from debtor and reduce from capital. Because bad debts is a loss and hence an expense u there hey |
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| 3639. |
One of debtor become insolvent and 70 paisa in re. Recovered from hi estate out of 10,000 |
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Answer» CashA/c .Dr 7000Bad debts A/c .Dr 3000 To debtor recovered 10000 Cash A/c. Dr. 7000Bad debt A/c. Dr. 3000 To Debtors A/c. 10,0000 Amt. Is 7000 |
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| 3640. |
Honored our own acceptance by cheque |
| Answer» | |
| 3641. |
Purchased goods worth 30000 at a trade discount of 5% |
| Answer» Purchase account. Dr. 28500 To cash account. 28500 | |
| 3642. |
Defination of contra entry |
| Answer» An entry which effect Bank A/c on Dr. and Cash on Credit. Or vice-versa This particular entry effect both sides of Cash book | |
| 3643. |
Define Accounting Standards. |
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Answer» Accounting standards are written statements or rules and guidelines issued by accounting body to be followed while preparing and presenting financial statements. It\'s main objective is to bring uniformity in the accounting practice Accounting is a art racoding classifieds summarising and in a significant maner in term of money |
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| 3644. |
Different between trade discount and cash discount |
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Answer» 1. Trade discount is given on bulk purchase. Cash discount is on immediate payment 2. Trade discount is caculared but not recorded Cash discounts are calculated as well as recorded Trade discount is discount on trade...it is given to everyone..but cash discount is given on cash or immediate payment by any means...it is given only on immediate payment and on the ratio of payment done immediately |
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| 3645. |
Where is gst |
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Answer» Goods n service tax.....Input n output.....CGST,,,,SGST,,,,IGST gst is 2types input and output... input use in puchase output use in sales......input means tax paid by firm/business andoutput tax means collected by firm/ businesscgst and sgst use in intra state means under stateigst use in inter state means out of state Goods and service tax |
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| 3646. |
define conservation principles |
| Answer» All expected losses to be recorded and anticipated gains or income not to be recorded. | |
| 3647. |
Why are journal chapter is not in the account |
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Answer» ??????? ?? |
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| 3648. |
Accounts here is without gst why |
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Answer» are you looking for notes on gst?? ??? |
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| 3649. |
Prove that,"Accounting Equation holds good under all circumstances."Give atleast two illustrations. |
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| 3650. |
What the entry of this?Received from amrit in settlement of his dues in cash |
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Answer» If less amount is received then Dr. Bad debt also. Cash ac debitedTo amrit ac |
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