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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.
| 3701. |
what is accounting equestion |
| Answer» When assets are equal to liabilities and capitalAssets=liabilities+capital | |
| 3702. |
How many chapters are in accountancy. |
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Answer» Bhai BRS bhi hai Accounting equationJournal entryLedgerCash bookOpening entry Plz bata do Syllabus |
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| 3703. |
imp questions for half yearly exam |
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Answer» Or ch - 1&2bhi Accounting principles are imp. |
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| 3704. |
Good costing rs 20000 sold at profit @25/: on cost out which rs 15000 received in cash |
| Answer» | |
| 3705. |
C. H=7 ;Voucher ; practical problems Q-3 |
| Answer» | |
| 3706. |
What is matching principle |
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Answer» Thus, if there is a cause-and-effect relationship between revenue and the expenses, record them at the same time. If there is no such relationship, then charge the cost to expense at once. Matching principle means recording of revenues and expenses in the same period . Please |
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| 3707. |
what is journal proper |
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Answer» First is the right Journal proper :- the entry of transaction which is not possible in any of the subsidiary books , like :- sales, sales return , purchase , purchase return , bills payable and recievable books . that transaction is putted in an another book which is called as journal proper . Example of those types of transaction is , recording of depreciation , asset depriciation , etc .Hope it helps !! ☺ Journal proper is that any transactions are recording in a symetric method on journal Jiski entry kisi book me nahi hoti wo journal proper me hoti hai Vgg |
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| 3708. |
When expenditure termed as asset |
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Answer» Accountants must be aware of the difference between assets and expenses because of the effect confusing the two can have on a company\'s financial statements. An accountant who attempts to treat an asset as an expense will understate the company\'s profitability and total net assets, since assets are not supposed to be wholly expensed in the period they are purchased. Failing to treat assets and expenses correctly will result in erroneous financial statements. You choose maths in commerce |
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| 3709. |
What is Accural principal |
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Answer» In short - both cash and credit transactions are recorded In accurual basis of accounting hoth cash and credit transactions are recorded.it give fair information of transaction Accrual principle refers that transaction is record when it is occurred rather than cash is received |
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| 3710. |
prove that,"accounting equation holds good under all circumstances."give at least two illustrations |
| Answer» Abe NCERT Book me he | |
| 3711. |
Initial cost is also called written down value method in depreciation |
| Answer» No | |
| 3712. |
Briefy discuss the various branches ( sub-field) of accounting? Give short answer |
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Answer» Plz send defination also Financial accounting, cost accounting and management accounting |
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| 3713. |
Brs karne ke tips do |
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Answer» Bul Bul Kisse ans. Chahne ka matlab Balance as pr cash book add profit less loss balance as pr pass book add loss less profit fav overdraft as pr cash book add loss less profit un fav ouerdraft as pr pass book add profit less loss first tips ko bolte h sddha rule an second tips ko bolte h ulta rule esa h jo jisme add profit hota h usko bolte h siddha rule and jisme less hota h profit usko bolte h ulta rule simple |
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| 3714. |
differences between cash book and cash account |
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Answer» Cash book is a separate book nad cash a/c is part of ledger......cash book records only those transactions which are done in cash n not credit whereas cash a/c includes both cash n credit transactions \tCash Book Cash Account A book that keeps the record of the receipt and payment of cash.An account that traces cash transactions of the company.Cash Book is a subsidiary book, which records all the cash related transactionsThese two differ in the fact that cash book is a subsidiary book, while cash account is a ledger account.\t\xa0 |
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| 3715. |
Receive 15000 from insurance company again a claim 20000 loss by fire journalise transaction |
| Answer» Bank A/c. Dr. 15000P/L A/c. Dr. 5000 To insurance comp.A/c. 20000 | |
| 3716. |
How To Withdraw Money? |
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Answer» You are go the bank and pay the receopt and withdraw the money That you go bank fill & pay the receipt and withdraw the ney |
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| 3717. |
Meaning of bankrupt |
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Answer» It is the situation in which a person or entity is not in the position to pay it Debt not having enough money to pay your debtsऋण न चुका पाने की स्थिति में; दिवालिया |
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| 3718. |
What is limitation accountancy |
| Answer» 1) it is not fully exact2) unrealistic information3) it ignores qualitative elements4)it ignores price level changes5) it may lead to window dressings | |
| 3719. |
Who discovered double entry book keeping financial accounting |
| Answer» Luca pacioli | |
| 3720. |
Gst means |
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Answer» Gst is a indirect tax levied on the supply of goods and services by Central government of India. Gst is allowed all over India except jammu and kashmir from 1st July 2017.. ☺ All the type of taxes such as water tax, income tax, prepaid tax, etc. can be merged into a single word Goods and Services Tax(GST). |
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| 3721. |
What is the role of voucher in accountancy |
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Answer» Vouchers are the documental evedance of each and every transactions On the basis of source documents entries are first recorded on vouchers and on the basis of it recordings are made in journal |
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| 3722. |
Charge on drawings |
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Answer» Charge on drawing exceeds both cash and capital. Charge on drawing added in capital and subtracted by capital No |
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| 3723. |
What is Goodwill?? |
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Answer» Good will is reputation it is you asset Goodwill means reputation |
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| 3724. |
Will gst be levied on trade expenses? |
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Answer» Yes as it a type of service I think yes |
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| 3725. |
what are the two basis of accounting? |
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Answer» Accural basis and cash basis Cash basisAccural basis |
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| 3726. |
Following are the ledger balance of sri paul on 31 marach 2018 1.sundry debtors 79300 |
| Answer» | |
| 3727. |
Need a online tution teacher |
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Answer» Ayush are you teacher Yes i will help |
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| 3728. |
Name one item which will not come im The amended cash book |
| Answer» Cheque deposit but not creadited | |
| 3729. |
Sagar kumar jha |
| Answer» | |
| 3730. |
Comphehensive account solved project |
| Answer» Yes please any one provide......Sakshi sharma i think you know plz provide us P R O J E C T | |
| 3731. |
Why this paper are too lenghty in exam |
| Answer» Because practice is no more | |
| 3732. |
Will gst be levied on all types of expenses |
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Answer» Not levied on all GST is not levied in following cases-# payment of traveling expenses# payment of wages and salaries# payment of electricity and water bill# bad debt written off and bad debt recovered# amount deposited into bank# amount introduced into the business by proprietor as capital# amount withdrawn from bank# amount withdrawan by the proprietor for personal use# amount paid to creditors and discount received# Amount received from debtors and discount allowed |
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| 3733. |
What are the rules of debit and credit according to mordern approach ? |
| Answer» EAD i.e. expense , assets -dr.LIC i.e. Liability, income ,capital -cr. | |
| 3734. |
Why are the rules of debit and credit same for both liability and capital ? |
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Answer» Bcoz capital is also liability for firk Anyone plz give the answer tomorrow is my exam |
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| 3735. |
What is the use of Accounting Equations??? |
| Answer» | |
| 3736. |
What will the treatment of sàlary unpaid in cash book |
| Answer» No treatment is made of salary unpaid as the cashbook record only cashtransavtions and bank transactions | |
| 3737. |
What is the entry of wages outstanding |
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Answer» Wages A/c. Dr To outstanding wages A/C Wages Ac dr To outstanding wages ac |
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| 3738. |
Pass book related question |
| Answer» | |
| 3739. |
Qualitiative characterstics of accounting information |
| Answer» Realibility,relevant,understandability,comparability | |
| 3740. |
what is mean by brs |
| Answer» | |
| 3741. |
Define all thing\'s about voucher |
| Answer» It is a source document on the basis of which transactions are recorded in the voucher and then journal or any other subsidiaries book. It is separately prepared by the firms in their own mames .and it is prepared for every transaction separately... | |
| 3742. |
What is negotiable instruments act,1881 |
| Answer» | |
| 3743. |
Leager |
| Answer» Posting of journal into different accounts | |
| 3744. |
Interest on drawings accounting equation mein kha par aata h |
| Answer» Capital me + , - | |
| 3745. |
Can i download the solution of dk goel ? |
| Answer» Yes | |
| 3746. |
What is commerce |
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Answer» Commerce refers to that activity which is conducted to remove the gap between production place and consumption pace. Commerce relates to the exchange of goods and services, especially on a large scale. |
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| 3747. |
What are the rules of debit and credit ? Explain them ? |
| Answer» There are three rule on them 1) debit the receiver credit the giver. (Personal a/c rule)2) debit what comes in credit what goes out. (real a/c rule) 3) debit all loss and expenses credit all profit and income. nominal a/c rule | |
| 3748. |
What is difference between expense and loss |
| Answer» Expense means regular expenditure which is bound to happen but loss means unexpected expense | |
| 3749. |
How can i get the solutions of last year question papers? |
| Answer» | |
| 3750. |
Who is the father of account |
| Answer» Luca Pacioli | |