Explore topic-wise InterviewSolutions in Current Affairs.

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.

Advantage of departmental account?​

Answer»

Advantages of Department ACCOUNTS:

The main advantages of Departmental accounting are as follows: a) It PROVIDES an idea about the affairs of each department. b) It helps to EVALUATE the performance of each department. C) It helps to reward the Departmental mangers and staff on the BASIS of performance.

2.

Kunal, a customer had placed an order for purchase of goods of ₹60,000against which he advanced₹ 10,000. The businessman wants to record it as Sales. Bydoing so, which of the following accounting concept will be violated?

Answer»

Explanation:

Your question will be SHARED anonymously with online publishers who may be INTERESTED in ANSWERING it

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Make sure that you don’t include any private info

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3.

Jan 6 He draws for personal use Rs Rs 700 from cash box tell me Answer ​

Answer»

ANSWER:

MAKE me BRAINLIEST plz I can follo U

4.

Pallavi started business with cash 50000 and building worth rs5000 she purchased goods for cash 5000 she withdrawn 5000 for his personel use she sold goods on credit 2000 she purchased ferniture on credit 10000

Answer»

ANSWER:

dasha be me mm he CD CM be VA by feedburner be he

5.

Anita and Tony, each doing business as sole proprietors, started a partnership on1st April, 2018. Anita brought in Plant and Machinery valued at 5,00,000 whereasTony brought in furniture costing * 50,000 and 7,00,000 in cash.Since the business needed more funds, Tony gave a loan of 2,00,000 to the firm on30th June, 2018Their partnership deed provided for:(a) Interest on capital to be allowed @10% per annum.(b) Interest on drawings to be charged @ 6% per annum.(c) Anita to be given a commission of 4% on the corrected net profits beforecharging commission.(d) Tony to be given a salary of 12,000 per annum.Tony withdrew * 5,000 at the end of every month and Anita withdrew * 30,000on 1st August, 2018.The net profit of the firm, for the year 2018-19, after debiting Tony's salary of* 12,000 per annum but before considering any interest due to and due from thepartners, was * 4,00,000.You are required to prepare for the year 2018-19:Profit and Loss Appropriation Account.(ii) Partners' Capital Accounts.​

Answer»

Answer:

Quick-PRINT Limited is a clothing manufacturing company that specializes in producing commemorative shirts immediately following major sporting events like the World Cup, ASIAN Games etc. The company has been contracted to produce garments for the winning cricket team in the coming World Cup.

The items produced include two types of sweatshirts, one with silk screen printing on the front (F) and one with print on both back and front sides (B/F), and two types of T-shirts of the same configuration (F and B/F).

The company has to complete all production within 48 hours after the game, at which time a trailer truck will PICK up the shirts. The company will work around the clock. The truck has enough capacity to accommodate 1,400 standard-size boxes. A standard-size box holds 12 garments. The company has budgeted RS. 125,000 for the production run.

The resource requirements, unit costs, and profit for each type of shirt are shown in the following table.

Processing Time (hr)

Cost (Rs)

Profit (Rs)

Sweatshirt–F

0.22

36

90

Sweatshirt–B/F

0.36

48

126

T-shirt–F

0.06

26

44

T-shirt–B/F

0.32

38

62

The company wants to know how many units of each type of shirt to produce in order to maximize the total profit.

Formulate the above problem as a Linear Program.

NOTE: Clearly define the variables and label each constraint.

6.

एक वर्ग का क्षेत्रफल ज्ञात कीजिए जिसकी भुजा की लंबाई 10 सेंटीमीटर है​

Answer»

Answer:

100

Explanation:

Area of SQUARE = (SIDE)^2

= (10)^2

= 100

7.

Purchase goods from vikram & Sons ₹[email protected]%GST and paid half the amount immediately

Answer»

ANSWER:

ok thanks

EXPLANATION:

PLEASE FOLLOW

8.

Cash sales 5000 on credit​

Answer»

ANSWER:

Yes because of sales goes to CREDIT side....

Income always CREDITED....

Mark this to brainliest

9.

Prize awarded comes which side of income and expenditure account

Answer»

PRIZE awarded is an indirect BUSINESS profit HENCE it'll COME to income A/c

10.

What is Bank Reconciliation statement???​

Answer»

ANSWER:

A bank reconciliation statement is a summary of banking and BUSINESS activity that RECONCILES an ENTITY's bank account with its financial RECORDS. The statement outlines the deposits, withdrawals, and other activities affecting a bank account for a specific period.

11.

Excess of the credit side over the debit side of revaluation account is??

Answer»

Answer:

Excess of credit SIDE means that the liabilities and shareholder's equities increase on the accounting equation whereas decrease of DEBIT side means decrease in ASSETS . Like this the accounting equation i.e. (A= L+ SE) . If credit side increases the debit side must be decreased to balance the equation or vice versa.

12.

Sold goods worth 10000 for cash 20000

Answer»

ANSWER:

then the PROFIT is 10000

13.

when a partnership firm is sold to a company then what journal entries are passed in the books of vendor firm and purchasing company ​

Answer»

ANSWER:

LOL lol lol lol lol lol lol lol

14.

Royalty earned by the lessee is credited to

Answer»

Answer:

ROYALTY RECEIVED on the basis of OUTPUT is credited to Trading or Manufacturing A/c. Whereas, royalty received on the basis of sales is credited to Profit & Loss A/c. Minimum Rent is the amount that has to be paid by the lessee to the LESSOR whether or not he has derived benefit from the ASSET.

15.

Can forfeited shares be reissued at discount?

Answer»

Answer:

plz mark me BRAINLIEST

Explanation:

The board of directors of the company while reissuing the shares decide the price of REISSUE. These shares can be REISSUED at par, at premium or at discount. ... The amount of discount allowed at the time of reissue in no case should be more than the amount FORFEITED on such shares.

16.

Commission paid by cheque journal entry

Answer»

COMMISSION PAID A/c DR.

to BANK A/c

17.

What is meant by the term ‘Forfeiture of Shares’?

Answer»
18.

Customers in trial balance which side it will come debit side or credit side​

Answer»

Explanation:

Ledger BALANCES are segregated into debit balances and CREDIT balances. Asset and expense accounts appear on the debit side of the TRIAL BALANCE whereas liabilities, capital and income accounts appear on the credit side.

19.

On 1 4 19 the position of Rakesh was as under loan from friend rs 20000

Answer»

What is your QUESTION here

20.

Please answer fastsekirama answer pannunga​

Answer»

ANSWER:

idhu nijamave SUPER AH IRUKU ☺☺☺

21.

Cash book ka quetion number 6

Answer»

9AM the BEST part of your life and the WORLD and the fact is the best of her own family in a CAR and he wants me bataye on my own life you can do that with me in your relationship with a lot more fun than I am not GOING anywhere in the next couple

22.

Journalism the following transactions 2005

Answer»

ANSWER:

WRITE your QUESTION complete.

Explanation:

23.

मार्गस्थ माल और मार्गस्थ रोकड़ पर टि्पणियां ​

Answer»

margaj tmall HOTA hai jisse ham MARG mein chalte chalte hue CHAHTE Hain ok aur Marg distrokid vada hai Jo ham albele chahte Hain use Jo hamen rokad yani paise milte Hain ok bro

24.

Answer the questions sekirama answer pannunga​

Answer»

EXPLANATION:

Here's your SOLUTION!

25.

M/S Vinoel 4 sons showing following,prepare according equation for the same :-(I) Commenced business with cash Rs 300.000(ii)Purchase a good for Cash Rs 90,000(iii) Purchased machinery on credit Rs 1,25,000(iv) Purchased old cash for personal use Rs 1,00,000​

Answer»

ANSWER:

☺☺☺☺

Explanation:

hiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii

26.

O Rap Shupun & Mopon que proben enesharing P&L in the ratio 2:1:2. Their fiked capitwedd 300000 spesies timely 1,000reditedbefore charging int was2 cocoarespectively Tinhprofil for theyear .2016capital for the50,ooo, Pash23nec​

Answer»

ANSWER:

300000

+ 1,000

ANSWER

3,01,000

27.

Purchased goods for cash Rs 8000 at a trade discount 15%

Answer»

ANSWER:

your answer is 1200 is the DISCOUNTED PRICE and 6800 and the price of the PRODUCT will be ₹6800.

28.

Check received from lala ram 5000

Answer»

Answer:

bank a/c DR.

to LALA ram a/c

Explanation:

bank recieve huya hai TOH dr.

lala ram humara debtor tha ab VO km hogya hai

29.

*प्राप्ति एवं भुगतान खाता सामान्यतया दिखाता है ?*1️⃣ पूंजी कोष2️⃣ आधिक्य / घाटा3️⃣ डेबिट शेष4️⃣ क्रेडिट शेष

Answer»

Explanation:

The water CYCLE shows the continuous movement of water within the Earth and atmosphere. ... Liquid water evaporates into water VAPOR, condenses to form clouds, and precipitates back to earth in the form of RAIN and SNOW. Water in DIFFERENT phases moves through the atmosphere (transportation).

30.

950ILLUSTRATION 8.Bharti consigned to Bhawna 1,500 kgs. of flour costing 4,500. She spent 307 asforwarding charges. 5% of the consignment was lost in weighing and handling.Bhawna sold 1,350 kgs. of flour at 4 per kg. Her selling expenses being *550 andcommission at 12% on sales.Prepare a Consignment Account.​

Answer»

"being" (and any subsequent WORDS) was IGNORED because we LIMIT QUERIES to 32 words.

31.

1(a) From the following information, calculate Cash Flow from OperatingActivities :Particulars31-3-2015 31-3-2014Surplus (ie, Balance in the Statement for Profit and Loss)InventoryTrade ReceivablesOutstanding ExpensesGoodwillCash in handMachinery71,00012,00058,00014,60057,0009,00082,00089,0004,00045,00010,00027,00012,00056,000(1) A piece of machinery costing 50,000 on which depreciation of* 20,000 had been charged was sold for 10,000. Depreciation chargedduring the year was 18,000.(ii) Income Tax * 23,000 was paid during the year.(iii) Dividend paid during the year was* 36,000.(C.B.S.E., 2016-C)(Ans. Net Profit before tax and extra-ordinary items 41,000 andCash flow from Operating Activities 39,600.)step by step explanation​

Answer»

Answer:

yƒod½tñg„t_Œr„rf½Ugt

(y) Œëltü fuU Wúth c„tRY |

1. fwUA vrGgtü fuU ltb c„tRY |

s : fUtug˜, fUtiyt, fUcq„h, „tu„t, „e„h, vvent, btuh, cxuh, nkm YTR” |

2. I I mkde„ bltuhksl fUt YfU MTOL ni | I I Rm fuU cthu yvlu rJath c„tRY |

s : mkde„ bltuhksl fUt ŒCtJNt˜e mtOl ni | Rmmu nbthe NtherhfU ytih btlrmfU ƒfUtl ”qh ntu st„e ni | Rmmu

YfUtd½raút c·Z„e ni | RmfUtu meFlt YfU yåAe yt”„ ni |

(yt) vtX vr·ZY | yÇgtm-fUtgo fUersY |

* Jt¢gtü fUtu mne f½Ub ”ersY | :_ 3, 4, 2, 1, 5

* rfUmlu rfUmmu fUnt_

1. „WB ˜tudtü lu fUCe bwSu dtlu Jt˜e rar·zgt fuU rJMg bü lné c„tgt |( htst lu muJfUtü mu fUnt )

2. nbthu htst „wöntht bOwh mkde„ mwllt atn„u nî | (˜·zfUe lu rar·zgt mu fUnt )

3. bwSu yvlt mkde„ bunl„ fUhlu Jt˜tü fUtu Ce mwltlt ni | ( vGe lu htst mu fUnt )

* ylwåAu” v·ZfUh Œëltü fuU Wúth ”ersY |

1. Cth„ mhfUth lu Jàg seJtü fuU mkhGK fuU r˜Y fUtilmt yrOrlgb cltgt ni ?

s : Cth„ mhfUth lu Jàg seJtü fuU mkhGK fuU r˜Y mlT 1972 bü I Jàg ŒtKe mwhGt yrOrlgb 1972 I cltgt |

2. gntâ vh rfU„lu htíx±eg W”Tgtltü fUe mkÏgt c„tge DGE ni ?

s : gntâ vh 69 htíx±eg W”Tgtltü fUe mkÏgt c„tge dge nî |

3. ctDtü fUe mwhGt fuU r˜Y fUtilme gtuslt fUtgo fUh hne ni ?

s : ctDtü fUe mwhGt fuU r˜Y I Œtusu¢x xtRdh I sime gtuslt fUtgo fUh hne ni |yƒod½tñg„t_Œr„rf½Ugt

(y) 1. Cth„egtü fuU cthu bü fUrJ lu ¢gt fUnt ni ? (vtX fUt mthtkN)

s : rsm ”uN bü vrJºt dkdt cn„e ni, Jimu vrJºt †”gJt˜u Cth„Jtme ni | rslfuU ntüXtü vh matRo ntu„e ni, bunbtltü fUtu

ŒtKtü mu ßgt”t mbS„u nî, ƒtu·zu mu FwNe seJl rc„tlu Jt˜u nî, ôJtƒeo ntufUh seJl rc„tluJt˜u lné nî ytih rJëJ fUtu

YfU„t mu hnlu fUt mk”uN ”uluJt˜u nî |

2. Cth„ bü cnlu Jt˜e fwUA LR”gtü fuU cthu bü c„tRY |

s : dkdt, gbwlt, mhôJ„e, c½ñbvwºtt, dtu”tJhe, fÐUíKt ytr” |

(yt) vtX vr·ZY | yÇgtm fUtgo fUersY |

* fUrJ„t fuU ytOth vh Wra„ f½Ub ”ersY | s : 2, 1, 4, 3.

yrCÔgr¢„ _ mÐsltÀbfU„t

(y) Rl Œëltü fuU Wúth ”tu-„el Jt¢gtü bü ”ersY |

1. de„ bü fUrJ lu rb˜-sw˜ fUh hnlu fuU r˜Y ¢gtü fUnt ntudt ?

s : rb˜sw˜fUh hnlu mu ylufU ˜tC ni | Rmmu ”uN fUe YfU„t c·Z„e ni | Rmmu CtRoatht c·Z„t ni |

2. nb yvlu bunbtl fuU mtƒ fUimt ÔgJnth fUhlt atrnY ?

s : nb yvlu bunbtltü fUtu ŒtK mu Ce ßgt”t mbSlt atrnY |

3. I nh stl fUe ·fUeb„ stl„u nî | I RmfUt CtJ yvlu Nç”tü bü r˜rFY |

s : nh Cth„Jtme mCe fUtu yvlt CtRo mbSfUh rb˜sw˜fUh hn„u nî | Rmr˜Y Ju I I nh stl fUe fUeb„ stl„u nî | I I

4. Rm de„ bü ytvfUtu fUtilme ct„ü cý„ yåAe ˜dé ? ¢gtü ?

s : Rm de„ bü bwSu vn˜t v” yåAt ˜dt ¢gtü rfU nh Cth„Jtme ma ne ctu˜„t ni ytih WmfUt r”˜ NwÆ” ytih dkdt l”e

fuU mbtl vrJºtJtl ni |गद्य आकलन प्रश्ननिर्मिति:

निम्नलिखित परिच्छेद पढ़कर ऐसे चार प्रश्न तैयार कीजिए, जिनके उत्तर परिच्छेद में एक-एक वाक्य में हो :

दार्जिलिंग का पुराना नाम दोर्जीलिंग था। सदियों पहले यह एक छोटा-सा गाँव था। चाय के

शौकीन अंग्रेजों ने इस क्षेत्र की आबोहवा को चाय की खेती के योग्य पाकर यहाँ चाय बागान विकसित किए।

हैप्पी वैली टी इस्टेट से निकलकर हम हिमालय पर्वतारोहण संस्थान पहुँचे। हिमालय के शिखरों को छू लेने की

चाह रखने वालों को यहाँ पर्वतारोहण का प्रशिक्षण दिया जाता है। इसकी स्थापना एव्हरेस्ट पर पहली विजय के

बाद की गई है। शेरपा तेनसिंह लंबे अरसे तक इस संस्थान के निर्देशक रहे। संस्थान में एक महत्त्वपूर्ण

संग्रहालय भी है। इसमें पर्वतारोहण के दौरान उपयोग में आने वाले नए-पुराने उपकरण, पोशाकें, कई

पर्वतारोहियों की यादगार वस्तुएँ और रोमांचक चित्र प्रदर्शित किए गए हैं। इसके निकट ही स्थित है 'पद्मजा

नायडू हिमालय चिड़ियाघर' जो बच्चों को ही नहीं, बड़ों को भी बहुत पसंद आता है। पर्वतों पर रहने वाले कई

दुर्लभ प्राणी यहाँ देखने को मिलते हैं।

32.

Narration is required for every entry

Answer»

Answer:

Thus, a NARRATION is NECESSARY for each and every Journal ENTRY, as it provides the details of the Journal entry and helps understand the entry.

33.

When job is very big and spread over long periods of time the method of costing adopted i

Answer»

Answer:

Everything you need to know about the DIFFERENT METHODS of costing. The term ‘methods of costing’ can be used to refer to the different processes or procedures employed for the determination and PRESENTATION of costs.

There are different methods of costing for different industries depending on their nature of work.

The methods of costing can be studied under the following heads:- 1. Methods Based on the Principles of JOB Costing 2. Methods Based on the Principles of Process Costing.

34.

H(a) From the following information, calculate Cash Flow from OperatingActivities :Particulars31-3-2015 | 31-3-2014Surplus (ie., Balance in the Statement for Profit and Loss)InventoryTrade ReceivablesOutstanding ExpensesGoodwillCash in handMachinery71,00012,00058,00014,60057.0009,00082,00089,0004,00045,00010,00027,00012,00056,000(1) A piece of machinery costing 50,000 on which depreciation of20,000 had been charged was sold for 10,000. Depreciation chargedduring the year was 18,000.(ii) Income Tax * 23,000 was paid during the year.(iii) Dividend paid during the year was 36,000. (C.B.S.E., 2016-C)(Ans. Net Profit before tax and extra-ordinary items 41,000 andCash flow from Operatine Actinities 396001​

Answer»

Explanation:

From the following information, calculate Cash Flow from Operating

Activities :

Particulars

31-3-2015 | 31-3-2014

Surplus (ie., Balance in the Statement for Profit and Loss)

Inventory

Trade Receivables

Outstanding Expenses

Goodwill

Cash in hand

Machinery

71,000

12,000

58,000

14,600

57.000

9,000

82,000

89,000

4,000

45,000

10,000

27,000

12,000

56,000

(1) A PIECE of machinery costing 50,000 on which depreciation of

20,000 had been charged was SOLD for 10,000. Depreciation charged

during the year was 18,000.

(ii) Income Tax * 23,000 was PAID during the year.

(iii) Dividend paid during the year was 36,000. (C.B.S.E., 2016-C)

(Ans. Net Profit before tax and extra-ordinary items 41,000 and

Cash flow from Operatine Actinities 396001

35.

Sold goods to Mukand&co.,Delhi

Answer»

Answer:

MUKAND&CO a/c DR

to SALES a/c

Explanation:

is the answer!!

36.

Goods costing 15000 sold 20000

Answer»

ANSWER:

profit = SELLING price - COST of GOODS

Explanation:

so profit = 20000-15000= 5000

37.

Xi) While preparing the Balance Sheet and Profit &Loss Account which principles are followed ?a)IFRSb) SAPc). ISO-29000 d) RBI-GAAP.​

Answer»

Candidates are allowed additional 15 minutes for only reading the PAPER. They must NOT start writing during this time.

ANSWER Question 1 (Compulsory) from Part I and FIVE questions from Part II, choosing two questions from Section A, two questions from Section B and one question from either Section A or Section B.

The intended marks for questions or parts of questions are given in BRACKETS [ ].

Transactions should be RECORDED in the answer book.

All calculations should be shown clearly.

All working, including rough work, should be done on the same page as, and adjacent to the rest of the answer.

hope I can help u

MARK MY ANSWER AS BRAINLIEST ANSWER

38.

What is double entry system? please tell me.​

Answer»

Answer:

Double-entry BOOKKEEPING, in ACCOUNTING, is a system of book keeping where every entry to an account requires a corresponding and opposite entry to a DIFFERENT account. The double-entry has TWO equal and corresponding sides known as debit and CREDIT. The left-hand side is debit and right-hand side is credit

39.

Can anyone please make a LEDGER and JOURNAL based on these 100 transactions??

Answer»

Answer:

Your general ledger is a record used to sort and summarize BUSINESS transactions. In your ledger, record transactions using debits and CREDITS. Debits and credits must always balance. They are equal but opposite entries. If they don’t balance, your books and FINANCIAL statements will be inaccurate.

Explanation:

PLEASE mark me as brainliest

40.

What is the trading with man ...?????​

Answer»

Answer:

I can't UNDERSTAND your question PLEASE WRITE again

41.

Analysis of visit a small shop and big shopping mall and find out why profit is important to them

Answer»

Explanation:

The goal of this study is to examine the factors which influence the CONSUMERS' attraction to SHOPPING malls, and attempt to predict the consumers' behavior in choosing a shopping mall for their retail needs.The GRAVITATIONAL approaches and linear regression MODELS, which are commonly used in this research area, cannot sufficiently explain the impact of factors on the choice of shopping centers; therefore, a review of these approaches and an empirical application of them is considered. The purpose is to construct a model of CONSUMER attraction to malls, through distance and retail image, using a Conditional Logit Model.

42.

Purchased Goods from Kajal worth ₹200000 at 5% Trade Discount and @18% GST and 1/2 amount paid by cheque.

Answer»

Answer:

2088383838473773737483838.

Explanation:

1: Purchased Goods from Kajal WORTH ₹200000 at 5% TRADE Discount and @18% GST and 1/2 amount PAID by cheque.

4: Purchased shares of Mahindra Company ₹60000 and ₹1000 paid as brokerage.

9: Sold Goods to Ravikant worth ₹60000 at 10% Trade Discount and @18% GST amount received by cash at 5% Trade Discount.

10: Paid college fees of proprietor's son ₹1000.

12: Purchased computer of ₹50000 @18% GST.

15: Paid transport charges on the above computer of ₹2000.

20: Paid for salary ₹15000.

26: Paid for rent ₹5000 and advertisement ₹15000.

27: Sold Goods to Salman ₹20000 @18% GST.

30: Purchased Goods for ₹100000 @12% GST and paid by cheque.

30: Wages outstanding ₹20000.

43.

prepare balance sheet on 31st december. 2000 from the following assets and liabilities in accordance liquidity order​

Answer»

ANSWER:

I didn't KNOW the answer but PLEASE VOTE me as brainleist

Explanation:

gwu-fvyh-dji

44.

Interest on pertner s is capital to partners drwing account

Answer»

ANSWER:

What to do here??????????

45.

Why communication is systemic?

Answer»

ANSWER:

Communication can be defined as a systemic PROCESS in which individuals interact with and through symbols to create and INTERPRET meanings.

46.

Find the net operating surplus of a bank for last 10 years and interpret the reason behind fall and rise in the profit?

Answer»

ANSWER:

the NET OPERATING SURPLUS of a BANK

47.

Mrs. Rani furnishes the following information :Particulars Shares in A LtdDate of purchase 01.02.2018 Date of sale 05.10.2018 Cost of purchase Rs. 50,000 Expenses on purchase Rs. 1000 Sale value Rs. 1,00,000 Expenses on sales Rs. 1,000 Compute capital gain.​

Answer»

ANSWER:

DATE of purchase 01.02.2018. Date of SALE 05.10.2018. COST of purchase Rs. 50,000. EXPENSES on purchase Rs. 1000. Sale value Rs. 1, ...

48.

5 journal entries of 2 are trade discount and 2 is cash discount

Answer»

ANSWER:

TRADE DISCOUNT is not RECORDED and CASH discount is recorded.

49.

From the following trial balance, prepare Trading A/c and Profit & Loss AlcovReddy for the year ended 31.12.2018:balance​

Answer»

ANSWER:

kbfnikoorcboojvbubnn

50.

Bussiness commenced with cash ₹100000​

Answer»

JOURNAL ENTRY:-

CASH a/c. Dr. 1,00,000

To Capital a/c. 1,00,000

(being business COMMENCED with cash)

I hope this will HELP you friend.