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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. |
Difference between Order of Liquidity and Order of Permanence |
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Answer» Answer: Both are same Explanation: Maine JO pehle saara apna sci ka PAPER bjeja h koi intelligent bacha 9rh ka solve KRKE bhaj dena apne tyari ho JE aoke or MAI bhi apne Answer telle kr lungi..ok??so bye every1 |
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| 2. |
State with reason whether the following statements are true or false (No Marks shall be awarded without validreason): [2 x 5 =10 Marks] (i) Change in Method of Depreciation is regarded as change in Accounting Policy of the entity.(ii) Depreciation is non-cash and non- operating expense which is to be provided for whether there are profits/losses. (iii) Net Profit is reflected in higher cash balances and net loss is reflected in lower net worth. (iv) Contingent liability is an ascertained liability but its amount and due date are indeterminate. (v) Fundamental Assumptions are always required to be disclosed in the financial statements. (b) Explain the relevant accounting assumption or principle which is an exception to Full Disclosure Principle. |
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Answer» Answer: State with reason whether the following statements are true or false (No Marks shall be awarded without valid reason): 12 x 5 =10 Marks (1) Change in Method of Depreciation is regarded as change in Accounting Policy of the ENTITY.(ii) Depreciation is non-cash and non- operating EXPENSE which is to be provided for whether there are profits/losses. (iii) Net Profit is reflected in higher cash balances and net loss is reflected in lower net worth. (iv) Contingent liability is an ascertained liability but its amount and due date are indeterminate. () Fundamental Assumptions are always required to be disclosed in the FINANCIAL statements. (b) Explain the relevant accounting assumption or principle which is an exception to Full Disclosure Principle. 15 Marks] (c) Distinguish between Order of Liquidity and Order of Permanence. 3.33 Marks |
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| 3. |
शुद्ध लाभ पुत्र नदी बकाया राशि को दर्शाता है और अशुद्ध 9th मसूद मूल्य को दर्शाता है अकाउंट का क्वेश्चन |
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Answer» Answer: 5crc5r5rcrc5rc5cr c5r6tr5cc5r c5tc5ct5rc 5cc5tc5f Explanation: vr5c5c4c5v6tv6yt |
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| 4. |
change in method of depreciation is regard as change in accounting policy of entity true aur false with reason |
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Answer» Answer: On the same FOOTINGS, change in DEPRECIATION method is not a change in accounting policy rather it is a change in accounting estimate. Change in accounting policy only occurs if RULES of either recognition, measurement or presentation of line ITEM are changed. ... Therefore, it is a change in accounting estimate |
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| 5. |
state the basic presumption in maximum loss method and proportionate capital method of piecemeal distribution among the partners |
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Answer» Answer: If a partner's SHARE of the loss is more than the CAPITAL, he should be TREATED as “INSOLVENT” and, in accordance with Garner vs. Murray, the loss should be transferred to the other partners in the ratio of capitals just before dissolution. |
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| 6. |
व्यापारिक बट्टा और नगद बट्टा में अंतर बताइये |
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Answer» Answer: व्यापारिक बट्टे का मुख्य उद्देश्य व्यापार का विक्रय (SALES) बढ़ाना होता है। जबकि नगद बट्टे का मुख्य उद्देश्य क्रेता को जल्दी भुगतान करने के लिए प्रेरित करना होता है। Explanation: |
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| 8. |
PARMATMA Ltd. Delhi invoices goods to its Mumbai and Kolkata branch offices at 20% less than the list price which is costplus 50% with instructions that cash sales are to be made at invoice price and credit sales at list price. Opening Stock at Mumbai at its cost ₹ 1,53,600. Goods Sent to Mumbai (at cost to Delhi) ₹ 2,20,000. Cash Sales ₹ 1,49,600, Credit Sales ₹ 2,90,000. Goods returned by Credit Customers to Mumbai ₹ 90,000. Goods returned by Mumbai to Delhi ₹ 72,000. Loss of Goods by fire (at invoice price) ₹ 6,000 against which 80% of cost was recovered from the insurance Company. Loss of Goods at Mumbai through normal pilferage (at list price) ₹ 6,000. Debtors at Mumbai:Opening ₹ 10,000 Cash remitted by MumbaI Branch to HO: ₹ 3,24,870. Discount Allowed to Debtors ₹ 26,730. Goods received by Mumbai till close of the year ₹ 2,54,000. Provision is to be made for discount on Debtors at 15% on prompt payments at year end on the basis of year’s trend of prompt payments. Cash remitted by HO to Branch for Expenses: ₹ 18,000Branch Expenses still outstanding: ₹ 1,482Manager is entitled to a commission @ 6% of net profits after charging such commission.Required: Prepare Mumbai Branch Debtors A/c, Mumbai Branch Stock Account, Mumbai Branch Adjustment A/c, Mumbai Branch Expenses Account and Mumbai Branch Profit & Loss A/c under Stock & Debtors Method |
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| 9. |
Net Profit is reflected in higher cash balances and net loss is reflected in lower net worth. true or false, give reason |
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Answer» true Explanation: always net profit adds to CAPITAL so when there is more net profit we will have more networth and viceversa |
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| 10. |
3) Sold computer Rs 15,000 to Rahim, for cash @14%Cash discount, calculate cash discount |
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Answer» CASH discount=2100 Explanation: 14% of 15000=2100 |
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| 11. |
एप्रिसिएशन इस नोन कैश एंड नों ऑपरेटिंग एक्सपेंस इन व्हिच इज टू बी प्रोवाइडेड फॉर वेदर देयर आर प्रॉफिट एंड लॉस ट्रू ओर फॉल्स विद रीजन |
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Answer» MARK my answer as BRAINLIEST |
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| 12. |
1(a) State with reason whether the following statements are true or false (No Marks shall be awarded without validreason): 12 x 5 =10 Marks(1) Change in Method of Depreciation is regarded as change in Accounting Policy of the entity.(ii) Depreciation is non-cash and non- operating expense which is to be provided for whether there are profits/losses.(iii) Net Profit is reflected in higher cash balances and net loss is reflected in lower net worth.(iv) Contingent liability is an ascertained liability but its amount and due date are indeterminate.() Fundamental Assumptions are always required to be disclosed in the financial statements.(b) Explain the relevant accounting assumption or principle which is an exception to Full Disclosure Principle.15 Marks](c) Distinguish between Order of Liquidity and Order of Permanence. 3.33 Marks |
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Answer» Answer: STATE with reason whether the following statements are true or false (No Marks shall be awarded without valid reason): 12 x 5 =10 Marks (1) Change in Method of Depreciation is regarded as change in Accounting Policy of the entity. (ii) Depreciation is non-cash and non- operating expense which is to be provided for whether there are profits/losses. (iii) Net Profit is reflected in higher cash balances and net loss is reflected in lower net worth. (iv) Contingent liability is an ascertained liability but its amount and due date are INDETERMINATE. () Fundamental Assumptions are ALWAYS required to be DISCLOSED in the FINANCIAL statements. (b) Explain the relevant accounting assumption or principle which is an exception to Full Disclosure Principle. 15 Marks] (c) Distinguish between Order of Liquidity and Order of Permanence. 3.33 Marks |
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| 13. |
© Change in Method of Depreciation is regarded as change in Accounting Policy of the entity. statetrue or false |
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| 14. |
State with reason whether the following statements are true or false (No Marks shall be awarded without validreason): [2 x 5 =10 Marks] (i) Change in Method of Depreciation is regarded as change in Accounting Policy of the entity.(ii) Depreciation is non-cash and non- operating expense which is to be provided for whether there are profits/losses. (iii) Net Profit is reflected in higher cash balances and net loss is reflected in lower net worth. (iv) Contingent liability is an ascertained liability but its amount and due date are indeterminate. (v) Fundamental Assumptions are always required to be disclosed in the financial statements. (b) Explain the relevant accounting assumption or principle which is an exception to Full Disclosure Principle. |
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Answer» yes Explanation: your answer is ✔write |
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| 15. |
State with reason whether the following statements are true or false (No Marks shall be awarded without validreason): (i) Change in Method of Depreciation is regarded as change in Accounting Policy of the entity.(ii) Depreciation is non-cash and non- operating expense which is to be provided for whether there are profits/losses. (iii) Net Profit is reflected in higher cash balances and net loss is reflected in lower net worth. (iv) Contingent liability is an ascertained liability but its amount and due date are indeterminate. (v) Fundamental Assumptions are always required to be disclosed in the financial statements. (b) Explain the relevant accounting assumption or principle which is an exception to Full Disclosure Principle. |
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Answer» (i) Change in Method of Depreciation is regarded as change in Accounting Policy of the entity. A . False change method of depreciation is not change in accounting POLICIES it is change change in accounting estimate as per IND AS 8 (ii) Depreciation is non-cash and non- operating expense which is to be provided for whether there are profits/losses. A .False Depreciation is non cash expense but it is operating expense which is to be charged to profit and loss ACCOUNT (iii) Net Profit is reflected in higher cash balances and net loss is reflected in LOWER net worth. A. False (iv) Contingent liability is an ascertained liability but its AMOUNT and due date are indeterminate. (v) Fundamental Assumptions are always required to be disclosed in the financial statements. (B) Explain the relevant accounting assumption or principle which is an exception to Full Disclosure Principle.
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| 16. |
4.From the following trial balance of Vikram Kant, as on 31 March, 2020, preparethe trading and profit and loss account and also prepare the balance sheet ason that date.DebitAdjusted PurchasesDiscount allowedDebtorsPlant and machinerybuilding 400000cash in hand 2000cash at bank32000wages 140000salaries 100000travelling expenses 15000freight 4000insurance 6000commission paid 3300 closing stock 21500 insurance prepaid 500 repairs 10000 interest on loan paid 4000Credit(₹3,20,000 Sales6,00,0002,400 Capital4,30,00019,300 Loans at 10 % (1-7-2019) | 1,00,0002,60,000 Creditors80,000 bills payable 70000 dividend received 60000 |
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| 17. |
Depreciation is non-cash and non- operating expense which is to be provided for whether there are profits losses. true false true fawls |
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Answer» Answer: DEPRECIATION is one of the few expenses for which there is no outgoing cash flow. Cash is SPENT during the acquisition of the FIXED asset, so there is no need to expend any more cash as part of the depreciation process unless the asset is being upgraded. So, depreciation is a non-cash component of operating expenses. Answer is false Depreciation is non cash EXPENSE but it is operating expense which is CHARGED to profit and loss account Explanation: |
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| 18. |
explain the relevant accounting assumption to principles which is an exception so full disclousure principles check whether true or false and give reason |
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Answer» SORRY Explanation: |
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| 19. |
Change in Method of Depreciation is regarded as change in Accounting Policy of the entity. true or false give reason |
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| 20. |
Change in Method of Depreciation is regarded as change in Accounting Policy of the entity. |
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Answer» The statement is True.
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| 22. |
1(a) State with reason whether the following statements are true or false (No Marks shall be awarded without validreason): 12 x 5=10 Marks(1) Change in Method of Depreciation is regarded as change in Accounting Policy of the entity.(ü) Depreciation is non-cash and non-operating expense which is to be provided for whether there are profits/losses.(i) Net Profit is reflected in higher cash balances and net loss is reflected in lower net worth,(iv) Contingent liability is an ascertained liability but its amount and due date are indeterminate.(v) Fundamental Assumptions are always required to be disclosed in the financial statements.rumntion or princinle which is an excention to Full Disclosure Principle. |
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Answer» Answer: State with reason whether the following statements are true or false (No Marks shall be awarded without valid reason): 12 x 5 =10 Marks (1) Change in Method of DEPRECIATION is regarded as change in Accounting Policy of the entity. (ii) Depreciation is non-cash and non- OPERATING expense which is to be provided for whether there are profits/losses. (iii) Net Profit is reflected in higher cash balances and net loss is reflected in lower net worth. (iv) Contingent liability is an ascertained liability but its amount and due date are indeterminate. () FUNDAMENTAL Assumptions are always required to be disclosed in the financial statements. (b) Explain the relevant accounting ASSUMPTION or principle which is an exception to Full Disclosure Principle. 15 Marks] (c) Distinguish between ORDER of Liquidity and Order of Permanence. 3.33 Marks |
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| 23. |
change in method of depreciation is regarded as change in accounting policy of the entity?is it true or false .?give reason |
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Answer» true Explanation: My answer is ✔write |
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| 24. |
6(a) State the two circumstances under which Rule of Garner vs. Murray can not be applied. State the basic presumption inMaximum Loss Method and Proportionate Capital Method of Piecemeal Distribution among the partners.When is it equitable to distribute cash among the partners in their profit sharing ratio without following Maximum Loss Method/Proportionate Capital Method of Piecemeal Distribution among the partners ? [2+2+1=5 Marks)(b) Following is the Balance Sheet of A,B,C and D who were sharing in the ratio of 3: 3: 2:2 as at 31st March, 2020, when theydecided to dissolve the firm:Liabilities₹Assets₹Trade Creditors83,000 Cash at Bank21,000A's Loan18,500 Other Assets1,42,000C's Loan12,500 B's Drawings4,000A's Capital60,000 C‘s Capital48,000B's Capital44,000 D's Capital13,000General Reserve20,000 Profit & Loss Alc10,0002,38,0002,38,000After preparing the Balance Sheet as at 31st March, it was discovered that purchases amounting to * 10,000 in March, were notrecorded in books, though the goods were received during March. Other Assets realized 3 68,000.B was appointed to realise theassets and to pay off the liabilities. He was entitled to receive 5% commission on the amount finally paid to other partners ascapital. He was to bear 15% of realisation expenses. Expenses of realisation amounted to # 10,000. Calculate the commission paidto B if Rule of Garner vs Murray is to be applied and the private position of the partners was as follows:ParticularsABсDPrivate Estate (*)1,00,0002,00,0003,00,0004,00,000Private Liabilities(T)75,000 1,75,0002,97,5003,70,000Required: Prepare Realisation A/c, Partners' Capital Alcs and Bank A/c. (4+6+3.33=13.33 Marks/ |
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Answer» Answer: happy BIRTHDAY to you and your friends ANDREW please find the attached FILE is SCANNED IMAGE in PDF format please find the attached file is scanned image in PDF format please find the attached file is scanned image in PDF format please find the attached file is scanned image in PDF format please find the attached |
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| 25. |
Q.6 From the following Balance Sheet & Receipt and Payment A/c of Malad Sports Club, PrepareIncome and Expenditure A/c for the year ended 31st March, 2020 and Balance Sheet as on that date. [12] Balance Sheet as on 1st April, 2019Liabilities Amount (₹)Assets Amount(₹)Capital Fund Building FundOutstanding Salary2,37,00050,0001,8002,88,800BuildingFurnitureStock of Sports MaterialOutstanding SubscriptionCash in HandCash at Bank2,00,00040,00010,0001,5002,40034,9002,88,800Receipt and Payment Account for the year ending 31st March, 2020Receipts Amount (₹)Payments Amount (₹)To Balance b/d CashBank2,40034,900By SalariesBy Furniture (Purchased on 01.10.2019)By Sports Material Purchased35,30010,0008,400To Subscription By Honorarium to Secretary 4,2002018-19 1,0002019-20 48,0002020-21 2,000 51,000By Tennis Tournament ExpenseBy Balance c/dCash16,0004,600To Donations 20,000 Bank 57,800To Tennis Tournament Receipts 28,0001,36,300 1,36,300Additional Information : 1. The Club had 100 Members, each paying ₹500 as annual subscription.2. Furniture to be depreciated at 20% p.a.3. Salaries include ₹1,800 paid for the year 2018-19.Salaries payable for the year 2019-20 were ₹1,000.4. 50% Donations are for Building Fund and the balance is to be treated as revenue income.5. Stock of Sports material as on 31st March 2020 was ₹5,000. |
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| 26. |
Suppose you are working as an inventory manager with Walmart. You are assigned with the taskto determine EOQ for a batch of order containing three different items. The respective annualdemand for these itemsis 1000, 2000, and 3000 units respectively. The cost of item 1,2, and 3 are50, 100, and 80, respectively Order cost for each item is also differentie 150 for Item 1, 140 forItem 2, and 130 for Item 3. The maximum arrı ount that can be used for purchasing the goods are$25,000 (Note that it includes the total cost of cach item multiplied by their respective EOQamount) and inventory holding cost for the company is 0 10 per unit Avoiding the basicassumption of EOQ, i.e. only a single item should be considered in a single or der, determine theoptimal order quantity for each items(A) 101,97, 128(B) 95, 107, 120(C) 105, 77, 178(D) 75, 154. 180 |
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Answer» Answer: Suppose you are WORKING as an inventory manager with Walmart. You are ASSIGNED with the task to determine EOQ for a batch of order containing three different items. The respective annual demand for these itemsis 1000, 2000, and 3000 units respectively. The cost of item 1,2, and 3 are 50, 100, and 80, respectively Order cost for each item is also differentie 150 for Item 1, 140 for Item 2, and 130 for Item 3. The maximum arrı ount that can be used for purchasing the goods are $25,000 (Note that it includes the total cost of cach item multiplied by their respective EOQ amount) and inventory holding cost for the company is 0 10 per unit Avoiding the basic assumption of EOQ, i.e. only a single item should be considered in a single or der, determine the optimal order quantity for each items |
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| 27. |
Make ledger and trail balance and financial acc |
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Answer» |
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| 28. |
UL MC and Expenditure AccountR. 20. Following is the Receipts and Payments Account of Maharaja AggarsainClub. Bhiwani for the year ended 31st March, 2015:Receipts2 ₹Payments₹To Balance b/d6,800 By Purchase of foodstuffs6,000To SubscriptionsBy Postage Stamps3,000(including 2,000 for 2013-14) 1,20,000 By Furniture Purchased25,000To Sale of foodstuffs8,500 By Salaries32,000To Entrance Fees15,000 By Books41.500To Hire of Grounds7,100 By Newspapers,800To Income from advertisements inBy Rent, Rates and Insurance 24.200souvenier22,000 By Sundry Expenses4,000By Travelling Expenses18,500By Printing of Souvenier9,200By Balance c/d15,2001,79,4001,79,400Other Information:(i) Assets on 1-4-2014 were : Land and Building 1,50,000; Stock of foodstuffs32.200 and unused postage stamps 7800.(ii) Subscription due on 31-3-2014 was 2,400 and on 31-3-2015 (for 2014-15)was 33,500.(iii) On 31st March, 2015 stock of foodstuffs was 3,800 and unused postagestamps were of the value of 600.(iv) The By-laws of the club provide that 60% of the Entrance fees and 20% of thesurplus of any year are to be transferred to Reserve Fund.Prepare an Income and Expenditure Account of the club for the year ended 31stMarch 2015 and a Balance Sheet as at that date. |
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| 29. |
4. When average product (AP) of a factor rises, the marginal product (MP) of the factor will be :(A) Greater than AP(B) Equal to AP(C) Less than AP(D) Positive and increasing. |
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Answer» Explanation: Marginal product remains above an AVERAGE product when AP rises. SIMILARLY, MP remains below AP, in case AP declines. Average product and marginal product become equal at the MAXIMUM AP. |
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| 30. |
Gross profit isA) Cost of goods sold + Opening stockB) Excess of sales over cost of goods soldC) Sales fewer PurchasesD) Net profit fewer expenses of the period |
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Answer» Answer: C) EXCESS of sales over COST of goods sold PLEASE MARK AS BRAINLIEST IF YOU FIND IT HELPFUL |
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| 32. |
A and B are partners in a firm sharing profit and loss in ratio of 4: 5 they admitted a new partner C in the firm if the profit sharing ratio of c is ¼ find out new profit sharing ratio.(1) when C has taken whole of his shares of profit from B(2) when C has taken a share of profit from A and B in their profit sharing ratio? |
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Answer» जो भी है एक प्लस मेरी कॉपी से करेंगे तो क्या आएगा |
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| 33. |
Purchase land for the new project. The value of land is Rs 5000000. Thecompany issued equity shares to the landowner for Rs 3000000 and for balance amountpaid by cash. Prepare journal for issue of shares. |
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Answer» land AC Dr 5000000 to LANDOWNER AC 5000000 landowner Dr 5000000 to SHARE capital AC 3000000 to cash AC 2000000 |
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| 34. |
Illustration-2Y & Co. sold machinery whose cash price is Rs.74,500. to X and Co., on hire purchase basis onJanuary, 2000. Payment was to be made as Rs.20,000 down and Rs.20,000 every year for three yearRate of interest was 5% x & Co. charged depreciation @ 10% p.a. on the diminishing balance. Giledger accounts in the books of Y & Co. |
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Answer» do not KNOW slnwnknwjwkwnnskenwnjwm |
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| 35. |
When an old bill is cancelled. 2 pointand new bill is accepted by thedrawee for the same amountbut with new terms, it is called*as |
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Answer» Answer: Features of Bill of Exchange It is important to have a bill of exchange in writing It must contain a confirm order to make a payment and not just the request The order should not have any condition The bill of exchange amount should be definite Fixed date for the amount to be paid The bill must be signed by both the DRAWEE and the drawer The amount stated on the bill should be paid on-demand or on the expiry of a fixed time The amount is paid to the beneficiary of the bill, specific person, or against a definite order Also Read: Important Questions for Bills of Exchange Types of Bill of Exchange Documentary Bill- In this, the bill of exchange is supported by the relevant documents that confirm the genuineness of sale or transaction that took place between the SELLER and buyer. Demand Bill- This bill is payable when it demanded. The bill does not have a fixed date of payment, therefore, the bill has to be cleared whenever presented. Usance Bill- It is a time-bound bill which means the payment has to be made within the given time PERIOD and time. Inland Bill- An Inland bill is payable only in one country and not in any other foreign country. This bill is opposite to the foreign bill. Clean Bill- This bill does not have any proof of a document, so the interest is comparatively higher than the other bills. Foreign Bill- A bill that can be paid OUTSIDE India is termed as a foreign bill. Two examples of a foreign bill are an export bill and import bill. Accommodation Bill- A bill that is sponsored, drawn, accepted without any condition is known as an accommodation bill. Trade Bill- This kind of bill is specially related only to trade. Supply Bill- The bill that is withdrawn by the supplier or contractor from the government department is known as the supply bill. Must Read: ACCOUNTING for Bills Exchange Advantages of Bill of Exchange Legal Document- It is a legal document, and if the drawee fails to make the payment, it will be easier for the drawer to recover the amount legally. Discounting Facility- In cases where the drawer is in immediate need of money, the bill can be converted into cash by discounting it from a bank by paying some nominal charges. Endorsement Possible- This bill of exchange can be exchanged from one individual to another for the adjustment of the debt. Bill of Exchange Format bill of exchange format |
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| 36. |
Miss sharma wanted to invest in share of PQRS PVR ltd (MNC).Thus she analyze the financial system of this company but as a layman she could not understand the financial system properly.Thus consulted Mr Borah (a registered broker).What suggestions you are expecting from Mr Borah for Miss sharma to invest her share in pqrs pvt ltd by analyzing the financial system of this company? |
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Answer» Answer: CMP: ₹1,005.5 Target: ₹1,408 PVR’s Q4FY20 revenue was in-line while EBITDA margin (adjusted for AS-116 impact) was a miss to our forecast. Consolidated revenue of ₹645.1 crore declined by 23 per cent y-o-y. Consolidated EBITDA margin of 6.6 per cent declined by 1260 BPS y-o-y versus our forecast of 8.1 per cent. PVR has added 24 screens in Q4FY20 and 87 screens in FY20 which is the highest EVER for the INDUSTRY. While PVR has not given FY21 screen addition target, it has 20-50 screens in various stages of fit-outs. Further, PVR plans to raise ₹300 crore to strengthen its B/S AMID the Covid-19 pandemic. Explanation: please mark as brainlest answer |
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| 37. |
Q.26 Calculate closing stock from the following:Opening Stock - Rs.50,000Purchases- Rs. Rs.1,00,000Credit Sales- Rs.1,40,000Cash Sales- Rs.1,00,000Rate of gross profit on cost is 33%1/3 |
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Answer» Answer: Accounting or Accountancy is the measurement, processing, and communication of FINANCIAL and non financial INFORMATION about economic entities such as BUSINESSES and corporations. ❤️ Organizations in this sector: INSTITUTE of Chartered ACCOUNTANTS in England and Wales |
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| 39. |
Hi .. anyone here from class XI commerce .. can u tell which is your toughest chp in accountancy |
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Answer» I am from science. Explanation: टीचर:- कल होमवर्क नहीं किया तो मुर्गा बनाऊंगा स्टूडेंट:- चलो आप भी क्या याद करोगे दारु मै ले आऊंगा hahahahah... |
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| 40. |
Date:Shri CM. Mehta Transfer the followingprivious year,theassets duringthe previous year /*on 1st may 2018 He sold 5000equity shareRsshare face valuesat the rateI 48shareofpertarsactionbrokragetaxq4300thisto tim act 28I may2019per2. On Jan 5th 2019 he sold68,ovowhichwes purchas201750,000 He spenttonissued by companyوhouse saprilHere2 |
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Answer» uvxfkhxzsriknbv Explanation: vvvxfuiknbvcchiiknm |
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| 41. |
पूजी बजटन कि विनियोग पर प्रत्यय विधि को समझाइये |
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Answer» एमलिन्च के शब्दों में, ''पूंजी बजटन में संस्था की दीर्घकालीन लाभप्रदता (विनियोग पर प्रत्याय) को अधिकतम करने के उद्देश्य से पूंजी के विस्तार का नियोजन सम्मिलित है। ... इस बजट की सहायता से बजट अवधि में संस्था द्वारा विभिन्न सम्पतियों के लिए किये जाने वाले व्ययों का मूल्यांकन किया जाता है। |
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| 42. |
I really need some help with journal entries, please help me. |
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| 43. |
Illustration 30.Following is the Receipts and Payments Account of Indian Youth Association for the year ended31st March, 2019:Dr.RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2019 12-19 coReceipts₹ PaymentsTo Balance bld:By Salanes3,00.000In Hand25,000By RentAt Bank2,45,000 2,70,000 By Printing and Stationery15.000To Subscriptions4,00,000 By Postage4000To Bank Interest2,000 By Typewriter40.000To Sale of Old Car40,000 By Investments80,000By Balance ddIn Hand13.000At Bank200.000 2.13.0007,12,0007.12.000Investments were made on 1st October, 2018 earning interest @ 5% p.a. Subscriptionsincluded 80,000 for the year ended 31st March, 2018 and #40,000 for the year ending31st March, 2020. Subscriptions for the year ended 31st March, 2019*80,000 were still in arrears.Rent for March, 2019, 5,000 is still unpaid. 3,000 are payable against a bill for stationery.Book value of the car was 55,000.Prepare Income and Expenditure Account for the year ended 31st March, 2019 and BalanceSheet as at that date. |
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| 44. |
Can someone help me with journal entries, i need help very badly. |
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Answer» YES, why not? |
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| 45. |
What is its profit &loss account |
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Answer» kkmf ckjrjt chshbr kfgv |
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| 46. |
On January 1, 1982, J Ltd issued 4,000 bonds with face value of $1,000 each and a coupon rate of 5%. The bonds were purchased by investors at a price of $1,030. J incurred costs of $80,000 in issuing the bonds. On January 1, 2002, which was five years prior to the bond’s maturity date, J redeemed the bonds at a call price of $1,080. J also spent $75,000 in calling the bonds. What accounting entries should J make to reflect this early redemption? (Assume that the bonds premium was being written off on a straight-line basis.) |
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Answer» Answer: ⠀ ⠀⠀⠀⠀⠀⠀Bile Because all other JUICES are a PART of our digestion which helps in digestion whereas bile isn't a help in digestion. ▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅ |
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| 47. |
Q. Which a accounting standard is applicable for valuation of inventoriesयादीच्या मुद्यांकनासाठी कोणते लेखा मानक लागू आहे..04 |
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Answer» Accounting Standard 2 (AS 2) DEALS with the accounting treatment of inventories by the business entities. It provides details with regards to the items that comprise inventory and various COSTS associated with such an inventory. please MARK BRAINLIEST |
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| 48. |
Plz hrlp me in this problem |
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Answer» Answer: 8e8e8399392021202938384774 Explanation: bndndndie99w929202992929299292929 |
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| 49. |
Loan from A @12parcent interest Rs.15000 . Interest paid on the above is 900 |
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Answer» Answer: total interest is 1800 Explanation: 12%of 15000=1800 900 PAID and remaining INTREST = 900 A=15000+1800 =16800 total AMOUNT =16800 |
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| 50. |
What is the treatment of bad debts reserve in final accounts |
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Answer» Answer: The bad debt reserve is a provision for the ESTIMATED amount of bad debt that is likely to ARISE from existing accounts RECEIVABLE. A large reserve may be caused by low-quality CUSTOMERS, which may in turn be caused by a COMPANY's reduced attention to screening the financial condition of prospective customers. |
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