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.
| 16951. |
List out the advantages and limitations of manual accounting. |
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Answer» Advantages of manual accounting are: 1. Comparatively cheap workforce and resources. 2. Reliability. 3. Independence from machines. 4. Skilled workers availability. Limitations of manual accounting are: 1. Reduced speed. 2. Increased effort of accountants. 3. Duplication of work and less integrity. 4. Relatively slower internal control reporting, routine work, and some others. |
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| 16952. |
Classify the following accounts intoa. Personal accounts b. real accounts c. nominal accounts and give reason.1. Building account 2. Salaries account 3. Bad debts account 4. Drawings account 5. Depreciation account. |
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Answer» 1. Real account as it is a fixed asset. 2. Nominal account as it is an expense. 3. Nominal account as it is a loss. 4. Personal account as it is withdrawl for own use. 5. Nominal account as it is an expense. |
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| 16953. |
What are the steps in preparation of a Trial Balance. |
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Answer» Steps in preparation of a Trial Balance are as follows: 1. Draw the form of a trial Balance 2. Transfer the ledger account balances to the respective sides. 3. Total both the sides and see that they are equal 4. If any difference is found, then check all the ledger accounts and their transfer in Trail Balance. 5. Still if any difference is found, than the difference should be shown as “Suspense A/c” on the side which shows the balance. |
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| 16954. |
Two friends A and B started a business with initial investment in the ratio 9 : 10. After 3 months one other friend C joined the business with a capital of Rs.95000. As a result A and B withdrew same amount from their capital in the ratio of their investment. If at the end of the year total profit is Rs.21700 and A got Rs.5625, then find out A’s initial capital.1. 810002. 950003. 920004. 900005. 100000 |
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Answer» Correct Answer - Option 4 : 90000 Given: Initial capital ratio of A and B is 9 : 10 3 months after the start C joined with Rs.95000 Year-end profit = Rs.21700 and A got = Rs.5625 Formula used: Profit = total profit × (part share / total share) Calculations: Let us assume initial capital of A and B be 9000x and 10000x respectively. After C joined, A will withdraw = 95000 × 9/19 = 45000 B will withdraw = 95000 × 10/19 = 50000 Ratio of their capital = {(9000x × 3) + (9000x – 45000) × 9} : {(10000x × 3) + (10000x – 50000) × 9} : 81000 × 9 = (36x - 135) : (40x - 150) : 243 Now, A’s profit = [(36x - 135)/(36x - 135 + 40x – 150 + 243)] × 21700 ATQ, [(36x - 135) / (36x - 135 + 40x – 150 + 243)] × 21700 = 5625 ⇒ (36x – 135) / (76x - 42) = 5625/21700 = 225/868 ⇒ x = 10 ∴ A’s initial capital = 9000 × 10 = Rs.90000 |
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| 16955. |
A and B started a business with a total investment of Rs.100000 in the ratio 3 : 2. After 3 months B decided to leave the business with his principle and C decided to join in with the same investment. If, the year-end profit is Rs.30000, find out the difference between B and C’s take home profit.1. 50002. 30003. 60004. 70005. None of these |
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Answer» Correct Answer - Option 3 : 6000 Given: Ratio of A and B’s investment = 3 : 2 Total investment = Rs.100000 Year-end profit = Rs.30000 Formula used: Profit = total profit × (part share / total share) Calculation: Initial investment for A = 100000 × 3/5 = Rs.60000 Initial investment for B = 100000 × 2/5 = Rs.40000 Ratio of their investment = 60000 × 12 : 40000 × 3 : 40000 × (12 - 3) = 6 : 1 : 3 B’s profit = 30000 × 1/10 = Rs.3000 C’s profit = 30000 × 3/10 = Rs.9000 Difference = 9000 – 3000 = Rs.6000 |
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| 16956. |
What is journal entry of Received money from sales of old news papers. |
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Answer» Cash A/c ...Dr. To Sundary Receipts A/c (Being the income derived by sale of old newspapers) |
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| 16957. |
Read the following: Mr. Ravindra is a rich man. Last night thieves broke into his house. The thieves planned the robbery very carefully.The passive form of the underlined sentence is (A) The robbery was planned by the thieves very carefully. (B) The robbery is planned by the thieves very carefully. (C) The robbery will be planned by the thieves very carefully.(D) The robbery is being planned by the thieves very carefully. |
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Answer» (A) The robbery was planned by the thieves very carefully. |
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| 16958. |
Fill in the blanks with the appropriate linking words given in brackets: Sir M. Visveswaraya was a disciplined person. ......... he was lean, he was strong in mind. At the request of the Maharaja of Mysore, he accepted the post of Chief Engineer ........ Later he became the Dewan of Mysore. He made a name ....... as an engineer as a statesman. People of Mandya worship him ......... he got a dam built across the river Cauvery. (not only, though, but also, because) |
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Answer» Sir M. Visveswaraya was a disciplined person. though he was lean, he was strong in mind. At the request of the Maharaja of Mysore, he accepted the post of Chief Engineer not only Later he became the Dewan of Mysore. He made a name but also as an engineer as a statesman. People of Mandya worship him because he got a dam built across the river Cauvery. |
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| 16959. |
Expand the following outlines into complete stories and supply a suitable title for each..Mr. X, a rich businessman – runs a company – always very busy with office work – one day his son – 10 years old – approaches dad and asks – how much he earns in one hour – father gets furious – boy persuades – father says Rs. 500 – immediately son asks for ’ Rs. 300 – father shouts – wasting money on toys – son leaves to his room crying – father feels bad – thinks might need some stationery – enters boy’s room and gives money – boy becomes happy – takes some crumpled notes – under his pillow – counts everything together – total Rs.500 – gives it to dad – wants to buy – one hour of his time – father realizes his mistake – feels sorry and guilty – hugs son – closes all office files – takes him on a picnic – decides to spend more time w ith near and dear ones. |
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Answer» Mr. X is a rich business man. He runs a company. He is always busy with his office work. Like a snail, he carries his office work everywhere. His young son one day asks him, “How much do you earn in an hour?” The father gets furious and refuses to reply. But the son coaxes him to give the answer. The father grudgingly says, “Rs. 500/- an hour.” Immediately the boy asks his dad to give him three hundred rupees. He reprimands his son for trying to waste his hard earned money. The boy cries and goes to the bedroom without dinner. The father feels guilty. He realises that the boy might really need the money for buying some stationary. He gives him three hundred rupees. The next moment, the boy collected all the crumpled notes from under his pillow. Dad asks, “why did you ask for money when you have so much?” Without replying the boy handed him Rs. 500/- and said, “this is the amount you earn in an hour, I have given you that money. Now will you spend an hour with me?” The father realises his mistake. He suspends his work and takes the boy out on a picnic. Then onwards he regularly spends time with near and dear ones. |
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| 16960. |
People in Israel are ______. A) Jewish B) Israeli C) Hebrew |
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Answer» Correct option is B) Israeli |
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| 16961. |
People from Israel speak ______. A) Jewish B) Israeli C) Hebrew |
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Answer» Correct option is C) Hebrew |
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| 16962. |
Please arrange it: work and play / things / different / parents see / as two |
| Answer» Parents see work and play as two different things | |
| 16963. |
Write any four types of leadership. |
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Answer» Four types of leadership: (i) Authoritarian Leadership (ii) Democratic Leadership (iii) Laissez Faire Leadership (iv) Paternalistic Leadership |
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| 16964. |
Define Democratic or Participative leadership. |
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Answer» Meaning of Democratic leadership: Under this style, the leader consult subordinates in the decision-making process and encourages them to give suggestion in setting goals and implementing decisions. A democratic leader gives order only after consulting the groups and works out the policies with the acceptance of the group. |
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| 16965. |
Which of the following is a desktop operating system?1. Mac OS2. MS Office3. DBMS4. Oracle |
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Answer» Correct Answer - Option 1 : Mac OS The correct answer is Mac OS.
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| 16966. |
As a leader what is greatest strength? Define |
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Answer» As a leader Cooperation and team spirit of followers is greatest strength of a leader. |
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| 16967. |
_______ is a pen-based computer with the functionality of a notebook or desktop.1. Desktop Computer2. Tablet PC3. PDA4. Laptop |
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Answer» Correct Answer - Option 2 : Tablet PC The correct answer is Tablet PC.
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| 16968. |
What are the five of financial statement? |
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Answer» Balance Sheet- It is a tabular sheet of balances of assets, liabilities, and equity. Income Statement- It is a statement of calculation of the income of a particular period showing Net Sales and all types of expenses. Statement of Cash Flows- A cash flow statement is simply a statement of cash generation and its use categorized under different activities. Statement of Shareholder’s Equity- It is a statement showing the capital investment by stockholders and the retained earnings of the company. Footnotes to Financial Statements- All other information in the annual report other than quantitative statements like above are footnotes. |
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| 16969. |
The motivation theory, which classifies needs in hierarchical order, is developed by ...: a. Fred Luthans b. Scott c. Abraham Maslow d. Peter Drucker |
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Answer» Correct option: c. Abraham Maslow |
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| 16970. |
The process by which a sender transmits content is known as:1. Feedback2. Decoding3. Receiver4. Encoding |
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Answer» Correct Answer - Option 4 : Encoding The correct answer is Encoding.
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| 16971. |
Which of the following is NOT an internal motivational force? a) Goals b) Feedback c) Needs d) Attitudes |
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Answer» b) Feedback Feedback is NOT an internal motivational force. |
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| 16972. |
When is the communication process complete? a) When the sender transmits the message b) When the message enter the channel c) When the message leave the channel d) When the receiver understands the message. |
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Answer» Correct option: d) When the receiver understands the message. |
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| 16973. |
In a Constitutional Monarchy the real power is enjoyed by the(a) King(b) Council of Ministers(c) Majority Party(d) Electorate |
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Answer» In a Constitutional Monarchy the real power is enjoyed by the Council of Ministers. |
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| 16974. |
By convention the Governor of a State generally belongs to(a) the same State(b) some other State(c) the IAS Cadre(d) the same zone |
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Answer» By convention the Governor of a State generally belongs to some other State. |
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| 16975. |
If Depreciation is not charged in a particular year, then what will be the effect on the books of Accounts? (a) Profits will be higher (b) Profits will be lesser (c) Assets can’t be shown in books of the firm (d) Accounts can’t be prepared |
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Answer» Correct option is (a) Profits will be higher |
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| 16976. |
Diphone signs are placed on _____ places of consonants: (i) Two (ii) Three (iii) All (iv) Four |
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Answer» Diphone signs are placed on Three places of consonants: |
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| 16977. |
The Vice-President is a member of(a) the Rajya Sabha(b) the Lok Sabha(c) neither House(d) Both |
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Answer» The Vice-President is a member of neither House |
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| 16978. |
The financial powers enjoyed by the President of India are/is(a) He can authorise advance of moneys out of the Contingency Fund(b) He can recommend introduction of certain money bills in Parliament(c) He can appoint a Finance Commission to study and recommend distribution of tax resources between States(d) All the three above |
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Answer» (d) All the three above |
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| 16979. |
By charging depreciation (a) Only Market value is affected(b) Only Book Value is affected (c) Both market value and book value is affected (d) Neither market value nor book value is affected |
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Answer» Correct option is (b) Only Book Value is affected |
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| 16980. |
The page to create presentation in PowerPoint is called: (i) Document (ii) Sheet (iii) Slide (iv) Paper |
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Answer» The page to create presentation in PowerPoint is called Slide. |
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| 16981. |
When money is withdrawn from the bank, it is _____ in the pass book. (a) Debited (b) Credited (c) Not shown (d) Added |
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Answer» Correct option is (a) Debited |
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| 16982. |
Which of the following is not an output device? (i) Printer (ii) Plotter (iii) Visual Display Unit (iv) Mouse |
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Answer» Correct option: (iv) Mouse |
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| 16983. |
The Chief Minister remains in power as along as he enjoys the confidence of the(a) Prime Minister (b) Governor (c) State Legislative Assembly (d) People of the State |
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Answer» (c) State Legislative Assembly |
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| 16984. |
The Chief Minister retains his post as long as he enjoys the confidence of the(a) Prime Minister(b) Governor(c) State Legislative Assembly(d) People of the State |
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Answer» (c) State Legislative Assembly |
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| 16985. |
The Election Commission enjoys (a) a constitutional basis(b) a statutoty basis(c) an extra-constitutional basis (d) no constitutional or statutory basis |
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Answer» The Election Commission enjoys a constitutional basis |
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| 16986. |
Depreciation causes (a) Outflow of Cash (b) Sale of Assets (c) Decrease in book value of Assets (d) Increase in market value of Assets |
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Answer» Correct option is (c) Decrease in book value of Assets |
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| 16987. |
Odd man out. (a) Inkjet (b) Laser (c) Dot Matrix Printer (d) Thermal |
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Answer» (c) Dot Matrix Printer. It is impact printer others are non impact printers. |
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| 16988. |
Which state enjoys the distinction of being the first linguistic State of India?(a) Haryana(b) Gujarat(c) Andhra(d) Tamil Nadu |
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Answer» Andhra state enjoys the distinction of being the first linguistic State of India. |
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| 16989. |
Depreciation is charged on (a) Only Tangible Assets (b) Only Intangible Assets (c) Both Tangible and Intangible Assets (d) Only Current Assets |
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Answer» Correct option is (a) Only Tangible Assets |
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| 16990. |
Main advantages of dried ornamentals. |
Answer»
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| 16991. |
The storage capacity of a CD is ............ (a) 1.44 MB (b) 700 GB (c) 700 MB (d) 650 GB |
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Answer» The storage capacity of a CD is 700 MB |
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| 16992. |
The members of the Rajya Sabha are elected for(a) four years(b) six years(c) five years(d) three years |
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Answer» The members of the Rajya Sabha are elected for six years |
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| 16993. |
The number of representatives from Nagaland to the Rajya Sabha is(a) 1(b) 2(c) 3(d) 4 |
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Answer» The number of representatives from Nagaland to the Rajya Sabha is 1 |
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| 16994. |
Assertion (A) :- Annual amount of depreciation under Straight line method remains the same. Reason (R) :- Depreciation is charged on original cost of Asset every year under straight line method. (a) Both A and R are correct and R is the correct explanation of A, (b) Both A and R are correct but R is not the correct explanation of A. (c) A is correct but R is incorrect. (d) Both A and R are incorrect. |
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Answer» Correct option is (a) Both A and R are correct and R is the correct explanation of A, |
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| 16995. |
Preservatives for longevity of flowers. |
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Answer» Floral preservatives are used to improve flower opening, flower size, shape, colour and longevity of cut flowers. A floral preservative should have two basic constituents namely sugar and biocide. Besides, it may have other ingredients such as inorganic salts, growth regulators, organic acids, anti ethylene compounds.
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| 16996. |
The storage capacity of a CD is ........ (a) 1.44 MB (b) 700 GB (c) 700 MB (d) 650 GB IIP |
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Answer» The storage capacity of a CD is 700 MB. |
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| 16997. |
......... sheet is used to write answers in Kerala Entrance Exam. |
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Answer» OMR Sheet sheet is used to write answers in Kerala Entrance Exam. |
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| 16998. |
The maximum membership of the Rajya Sabha is limited to(a) 240(b) 245(c) 250(d) 260 |
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Answer» The maximum membership of the Rajya Sabha is limited to 250 |
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| 16999. |
Statement that explains the causes of difference between bank balance of the cash-book and bank statement is called (a) Bank Statement (b) Pass Book (c) Expenses Statement (d) Bank Reconciliation Statement |
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Answer» Correct option is (d) Bank Reconciliation Statement |
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| 17000. |
Bank Reconciliation statement is prepared in the books of: (a) Bank (b) Guarantor(c) Account Holder (d) Government |
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Answer» Correct option is (c) Account Holder |
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