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This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
What is the adjustment entries made while preparing the final accounts from the Trial Balance? |
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| 2. |
What are the reasons for the difference in the balances as shown by the cash book and the pass book? |
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| 3. |
What is bank reconciliation statement? What are the steps to prepare it? |
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| 4. |
What is double entry Bookkeeping? What are its rules? |
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| 5. |
What is owner’s equity? How will you calculate it? |
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| 6. |
What are the accounting concepts? |
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| 7. |
What is the difference between mercantile system and cash system of accounting? |
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| 8. |
Explain each real account and nominal account with examples. |
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| 9. |
Explain maximum level and what are the main factors considered while fixing this level? |
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| 10. |
What are the different methods of remunerating the workers? |
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| 11. |
What do you understand by Margin of Safety? |
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| 12. |
What are the basic assumptions made by Marginal Costing? |
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| 13. |
What is P/V Ratio? |
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| 14. |
What are the limitations of marginal costing? |
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| 15. |
What is the difference between simple average method and weighted average method? |
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| 16. |
What are the various ways to classify Overhead? |
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| 17. |
What is the difference between Bin Card and Stores Ledger? |
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| 18. |
What are the main consequences of Overstocking? |
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| 19. |
What are non operating financial incomes and non operating financial expenses? |
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| 20. |
What is overhead? What items are included in Overhead? |
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| 21. |
What items are included in Prime cost? |
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| 22. |
What are the elements of costs? |
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| 23. |
Which factors should be considered before installing a costing system? |
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| 24. |
What are the different types of cost? |
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| 25. |
What do you understand by cost center? What are the types of cost centers? |
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| 26. |
What do you understand by cost accountancy? What are the objectives of cost accountancy? |
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| 27. |
What is sunk cost? |
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| 28. |
What is marginal cost and marginal costing? |
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| 29. |
Distinguish between prospectus and statement in lieu of prospectus. |
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| 30. |
Define Prospectus. Explain legal requirements of Prospectus. |
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| 31. |
What is the importance of certificate of incorporation? |
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| 32. |
What are the different types of Capital? |
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| 33. |
What are the rights and duties of Directors? |
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| 34. |
What is annual general meeting? |
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| 35. |
What is Ultravires Acts? |
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| 36. |
Explain the term Unlimited companies. |
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| 37. |
Explain company limited by guarantee. |
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| 38. |
What do you understand by company limited by shares? |
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| 39. |
Can Articles of Association of a company be altered after its incorporation? |
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| 40. |
How can Memorandum be altered? |
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| 41. |
What is the difference in the main objects of Articles of Association and Memorandum of Association? |
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| 42. |
What is Articles of Association and Memorandum of Association? |
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| 43. |
When can a company commence its business? |
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| 44. |
What are the important stages involved in formation of a company? |
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| 45. |
What are key differences between a partnership firm and a company? |
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| 46. |
Define subsidiary company. |
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| 47. |
Define Registered company and on what basis they are categorized? |
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| 48. |
What is the Statutory company? |
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| 49. |
What are the essential characteristics of a company? |
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| 50. |
Differential between Short term Capital asset and Long term Capital asset. |
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