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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. |
Sold good for cash what account debit which ac credit |
| Answer» EXPLANATION:CASH a/c DR...to SALES a/cCash--debitGoods---CREDIT | |
| 2. |
Return outwards are deducted from |
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Answer» purchaseExplanation:the GOODS that are being RETURNED by the CUSTOMER to the SUPPLIER. |
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| 3. |
Income &expenditure subscription given 15300, incl 700 for 1996 200for 1998 |
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Answer» total subscription (1997). 15300less.outstanding SUB.(1996) (700) = 14600. advance subscription (1998). (200) = 14400 |
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| 5. |
Account What is Double Entry system |
| Answer» HIII...Double ENTRY system is a system in which EVERY entry in an account requires corresponding and OPPOSITE entry to another account....Hope this helps....❤❤☺☺ | |
| 6. |
How I check all messages of one person in group |
| Answer» | |
| 7. |
Gyuuíu3ergjklooogc gd to d |
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Answer» The answers are as followsExplanation. Debit. Credit1. CASH A/C 'Dr'. 80000To Capital A/C ' Cr. 80000 2. Cash A/C 'Dr'. 50000To Bank A/C 'Cr'. 500003. Purchase A/C 'Dr'. 12000To Sunil A/C 'Cr'. 120004. Rajan A/C 'Dr'. 15000To Sales A/C 'Cr'. 150005. Bank A/C 'Dr'. 10000 To FURNITURE A/C 'Cr'. 100006. Bank A/C 'Dr' 8000 To Capital A/C 'Cr'. 80007. Purchase Return A/C 'Dr'. 2000 To Sunil A/C 'Cr'. 2000 8. Cash A/C 'Dr'. 10000 To Sunil A/C 'Cr'. 10000 9. Rajan A/C 'Dr'. 12000 To Cash A/C 'Cr'. 12000 TOTAL : 1,99,000 1,99,000 |
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| 8. |
state the meaning of real account. |
| Answer» ACCOUNT is an account that retains and rolls forward its ending balance at the END of the year. These amounts then become the beginning BALANCES in the next period. Since retained EARNINGS is a real account, this means that the balances in all nominal accounts are EVENTUALLY shifted into a real account. | |
| 9. |
On what elements is the creation of an authenticator based in class 1 1 accountancy |
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Answer» ctor authentication (4FA) is the use of FOUR TYPES of identity-confirming credentials, typically categorized as knowledge, POSSESSION, inherence and location factors. |
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| 10. |
What do you mean by strategy |
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Answer» a PLAN that you use in order to achieve something or the ACTION of planning how to do or achieve somethingExplanation:hope u like the ANSWER PLEASE MARK me as brainlist |
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| 11. |
BEST STATE IN INDIA ? REASON? |
| Answer» BENGALURU: The Public AFFAIRS Index-2020 ranked Kerala as the best-governed state in the country. The rankings were released by the Public Affairs CENTRE (PAC) in Bengaluru. UTTAR Pradesh ended at the bottom in the large states category in the PAC ranking 2020.31-Oct-2020 | |
| 12. |
Cheque received with Anil, deposited with Allahabad bank |
| Answer» RECEIVED with ANIL, DEPOSITED with ALLAHABAD BANK | |
| 13. |
Journal entries Premuim paid on the life of employees rs. 7000 |
| Answer» PREMIUM PAID ACCOUNT. DR. 7,000 to. CASH account. 7,000 | |
| 14. |
a Receipts and Payments account For the year ended 31st March 2020 Receipts Amount Amount Payments Amount To Bal. b/d Amount 7,000 By Stationey To Subscription 8,000 By Postage 1,000 2018-19 5,000 By Picnic Exp. 8,000 2019-20 83,000 By salaries 8,000 2020-21 2,000 90,000 By Annual general To Entrance fees 13,000 meeting exp. 4,500 (capital receipts) By Traveing exp. 7,500 To Donation 60,000 By Rent 12,000 To Eegacies 40,000 By Charity 7,800 To interest on Deposit. 7,000 By Sundry exp. 3,200 To Picnic receipst 10,000 By Fixed deposit 1,10,000 By Furniture 50,000 By Bal. c/d 7,000 2,27,000 2,27,000 Adjustment:- 1. Outstanding subscription for current year Rs. 7,000. 2. Furniture was purchase on 1st Oct. 2019 and it is to be depreciated by 10% p.a. 3. Outstanding picnic receipts Rs.7,500. 4. Stock of stationay on 1-4-2019 was Rs.350 and on 31st March, 2020 was Rs.1,700. 5. 50% of legacies and full amount of donation are to be capitalised. With the above information, you are required to prepare Income and Expenditure account for the year ended 31st March 2020. |
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Answer» माफ कीजिएExplanation:इसका इसका उत्तर हमें नहीं मालूम |
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| 15. |
What are the types of wires used in insulating material? |
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Answer» The INSULATING materials commonly used to COVER copper wire (and other) electrical conductors FALL into two broad classes: Thermoplastic and Thermoset.The insulating materials commonly used to cover copper wire (and other) electrical conductors fall into two broad classes: Thermoplastic and Thermoset....The insulating materials commonly used to cover copper wire (and other) electrical conductors fall into two broad classes: Thermoplastic and Thermoset....Some of the commonly used thermoplastic insulations used nowadays:The insulating materials commonly used to cover copper wire (and other) electrical conductors fall into two broad classes: Thermoplastic and Thermoset....Some of the commonly used thermoplastic insulations used nowadays:PVC (Polyvinyl CHLORIDE)The insulating materials commonly used to cover copper wire (and other) electrical conductors fall into two broad classes: Thermoplastic and Thermoset....Some of the commonly used thermoplastic insulations used nowadays:PVC (Polyvinyl Chloride)PE (Polyethylene)The insulating materials commonly used to cover copper wire (and other) electrical conductors fall into two broad classes: Thermoplastic and Thermoset....Some of the commonly used thermoplastic insulations used nowadays:PVC (Polyvinyl Chloride)PE (Polyethylene)ECTFE.The insulating materials commonly used to cover copper wire (and other) electrical conductors fall into two broad classes: Thermoplastic and Thermoset....Some of the commonly used thermoplastic insulations used nowadays:PVC (Polyvinyl Chloride)PE (Polyethylene)ECTFE.PVDF.Nylon |
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| 16. |
Toजय डा. वाक तिनालिखित वाक्यों में उचित विरामचिहनो का प्रयोग कर के वाक्य फिर से निखिराकानमाला आह कितना सुंदर हश्य है। रमेशं ने डॉ .से दवाई लीजामाणिमिणत गिरवणारा |
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Answer» Laksh Garments Ice Cream Mask For Black HEAD RemovalProduct NAME: Laksh Garments Ice Cream Mask For Black Head RemovalBrand Name: POPXMARTType: SCRUBS & ExfoliatersCountry of Origin: India |
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| 17. |
In non-metro cities GMV = NMV PROVISION ILLUSTRATED 1 Annual letting value fixed by the Mumbai municipality * 5,000, sewerage and water tax paid is 400. Compute the Gross Municipal Value. |
| Answer» TION:wmthbfvvv bhhhbc&'&2&&-!!.4-::; | |
| 18. |
How is the consolidated profit distributed |
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Answer» tion:Explanation: The STEPS for consolidating the income statements are as follows: (1)ADD together the revenues and expenses of the PARENT and the subsidiary. If the subsidiary is ACQUIRED part way through the YEAR all the revenues and expenses of the subsidiary must be time apportioned during the consolidation process. |
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| 19. |
H. W Transaction of Bank :Write Journal Entry for Krishna for the following transaction:2014March 1 20,000 deposited with bank and opened account.5 A cheque of 5000 received from Hari, which immediately deposited with bank.6 A cheque of 2000 received from Ramaniklal for dues10 Goods sold to Rupali 14,000, out of which cheque received for half amount,which deposited with bank12 Goods of 10,000 purchased from Deepkala and paid half amount by cheque.15 400 withdrawn from bank for personal expenses and 800 for office expense.18 Life insurance premium 300 and fire insurance premium 450 paid bycheque.20 Bank has approved over draft of * 25,000.25Bank has credited interest of 250 and debited bank charges of * 100.31 A cheque of 5000 issued for foreign visit of son of owner from business. |
| Answer» TION:PLEASE MARK this ANSWER as BRAINLIEST | |
| 20. |
Sab khush raho mood off mat karo apna ishu mai sirf apni tens khtam karna chahta hu lo reet alia se pucho tum ab kisko pyar hai dil mai |
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Answer» ✅VerifiedanswerExplanation:Photosynthesis is a process used by plants and other organisms to CONVERT light energy into CHEMICAL energy that, through CELLULAR respiration, can LATER be released to fuel the organism's METABOLIC activities |
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| 21. |
According to the principle of full disclosure, an item should be regarded as material. T/F |
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Answer» hiiiExplanation:HAPPY RAKSHABANDHAN |
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| 22. |
The correcte formula for Calculating labour efficiency variace is:A- SR ( ST-AT )B- AR ( ST-AT)C- SR ( ST-ATW )D- AR ( ST-ATW ) |
| Answer» BRO SORRY MUJHE NAHIN PATA sorry | |
| 23. |
After completing diploma in commercial practice can we get government job. |
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Answer» can APPLY for Indian airforce as a AIRMAN and also in Indian coastguard there are MANY job for dipolma holder |
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| 24. |
Jii jaroor myself Aditya!!!! |
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Answer» an EXPRESSION used in text messages or e-mails signaling happiness or laughter. XD is an emoticon. X represents closed eyes while D stands for an open mouth. OMG! |
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| 25. |
Viram Ltd. Issued 10000 equity share of 10 each. What entries will be made in if case such issue is a at par and at premium of 20% |
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Answer» tion:✤✤✤✤✤✤✤✤James JOYCE was born in Dublin in 1882. He belonged to a Catholic family and got his EDUCATION from Catholic schools. During his studies he went through a phase of religious zest, however, he rejected the Catholic Church. He was influenced was IBSEN and inspired by his views, Joyce took literary mission as a career. He was sternly against the BIGOTRY of Phillistines in Dublin.✤✤✤✤✤✤✤✤ |
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| 26. |
The investment in the purchase of raw materials is identified as? a. Cash b. Bank C. Debt d. Working capital |
| Answer» TION:a.cashhope it HELP MARK it as BRAINLIAST PLEASE | |
| 27. |
Identify the assumption of accounting that provides the very basis for showing the value of assets in the Balance Sheet a) Going Concern Concept b) Objectivity c) Full Disclosure d) Materiality |
| Answer» IDENTIFY the ASSUMPTION of accounting that provides the very basis for showing the VALUE of assets in the Balance Sheet a) Going Concern Concept b) Objectivity c) Full Disclosure d) MaterialityExplanation:Hope this helps you ✌️ | |
| 28. |
Ke se ho sbnashta huva sbka |
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Answer» Me nepal HO EXPLANATION:TUM ka ha se ho broPlz MARK me as brainliest |
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| 29. |
Two mortgage options are available: a 30-year fixed-rate loan at 6% with no discount points, and a 30-year fixed-rate loan at 5.75% with points. If you are planning on living in the house for 12 years, what is the most you are willing to pay in points for the 5.75% mortgage? Assume a $100,000 mortgage. |
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Answer» tion:76114383214 UMxJ4v INTERESTED GIRL only |
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| 30. |
Mahesh wants to start his business and for that he decides that he will take loan for Rupees 7 Lakhs from the Bank of Baroda. He also decides to use his saving worth 3 lakhs in the bank account to start the business. Discuss how these two transactions will be recorded in the books of accounts by passing the relevant journal entries? How these transactions will be reflected in the Books of accounts (that’ is in the financial statements)? Lastly, conclude your answer by stating the applicability of which accounting assumption/s you did the above mentioned accounting treatment/ recognition and presentation in the books of accounts. (10 Marks) |
| Answer» SORRY yrr tumhra question BAHUT HEE bada H | |
| 31. |
Unexpired insurance is an assets |
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Answer» Explanation: UNEXPIRED insurance is current asset as the COVERAGE is not YET EXPIRED at the closing of accounting YEAR and loss if any can be . |
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| 32. |
A Ltd has a share capital of Rs. 1,00,000 divided into shares of Rs. 10 each. It has a major expansion programme requiring aninvestment of another Rs. 50,000. The management isconsidering the following alternatives for raising this amount.(a) Issuing of 5,000 equity shares of Rs. 10 each.(b) Issuing of 5,000, 12% preference shares of Rs.(c) Issuing of 10% debentures of Rs. 5,000.10 each.The company's present earnings before interest and tax areRs. 40,000 p.a. You are required to calculate the effect of each ofthe above modes of financing on the earning per sharepresuming EBIT continues to be the sameexpansion.even after |
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Answer» sorryExplanation: hi not KNOWING the ANSWER BRO which grade you STUDY |
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| 33. |
देखा तुमको जब से बस देखा तुमको यारा तुमसे कोई अच्छा है ना तुमसे कोई प्यारा यू नो तुम मेरे हो मेरे तुम कह दो ना कह दो ना यू आर माय सोनिया.i love this song. |
| Answer» PLEASE dear MARK me as brainlist please I need your HELP | |
| 34. |
. Classify the following items into Assets and Liabilities : (i) Machinery (ii) Debtors (iii) Building (iv) Bank overdraft (v) Loan from A. Bhattacherjee (vi) Salary owing to staff(vii) stock of goods |
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Answer» .bansal.35Explanation: |
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| 35. |
Define grammar??? I'm feeling alone. hlo |
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Answer» tion:grammar (noun): the structure and system of a LANGUAGE, or of languages in general, usually CONSIDERED to consist of syntax and morphology. Grammar is the system of a language. PEOPLE sometimes DESCRIBE grammar as the "rules" of a language; but in fact no language has rules |
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| 37. |
"Bank loan is paid off". How will you treat this adjustment? Will it appear in Revaluation a/c? If not, why? Please give explanation |
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Answer» Disadvantages of Plastics Plastic materials CLOG waterways, oceans, seas, lakes etc. ... Plastic is widely used in packaging. Eating food out of plastic CONTAINERS may CAUSE cancer. Both creation and recycling of plastic produce toxic gases and residues which causes air and WATER and LAND pollution |
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| 38. |
P, Q, R and S are partners sharing profits and losses in the ratio of 4:3:3:2. S was guaranteed by the firm that his share of profits should not be less than 30,000 whereas R was guaranteed by P that his share of profit should not be less than 55,000 (including interest on capital and salaries). R was allowed a monthly salary of 1,500. The Capital Accounts of P, Q, R and S showed credit balances of 3 80,000, 350,000, 750,000 and 20,000. Interest on Capital Accounts to be allowed @ 10% p.a. Prepare necessary account to give effect of this arrangement, assuming that the profit during the year being * 1,58,000. |
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Answer» this FULL number also addtion EXPLANATION:this CORRECT answers |
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| 39. |
Enter the following transactions in a single column cash book of M/S suhitra sen & CO |
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Answer» uujjbxnxhxhxhxbcubdudbdhdbdyfbfufbhcffu |
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| 40. |
Single entry system is an ________ system |
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Answer» accountingExplanation:The SINGLE ENTRY system is considered an incomplete bookkeeping system because it does not record two aspects of the financial transactions of a BUSINESS. It maintains only a cash account and does not maintain transactions RELATING to the REAL and nominal account. |
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| 41. |
जब घड़ी की घंटे तथा मिनट की सुईयां समकोणिक हैं, तो वे कितने मिनट की दूरी पर होती हैं? |
| Answer» | |
| 42. |
_______ can not maintain accounting records under single entry system as per legal requirement (a) companies. (b) sole proprietors (c) partnership firms (d) petty shop |
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Answer» (B) SOLE PROPRIETORS cannot MAINTAIN |
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| 43. |
What Does 555 Signify In 555 Transistor ? |
| Answer» TIMERS name comes from the FACT that there are THREE 5kΩ resistors CONNECTED together internally producing a voltage divider network between the supply voltage at PIN 8 and ground at pin 1. | |
| 44. |
Assignment 1 Question 1 (20 marks) The Harley Davidson Company (“HD”) is a renowned motor cycle manufacturer. For efficient operations, the company is divisionalised into two divisions. The Bikes division (“Bikes”) is responsible for assembling motorbikes and selling them to the final market, while the parts division (“Parts”) is responsible for manufacturing parts that are needed for motorbike assembling. In has been in the history of HD to allow divisional managers to make decisions pertaining their operations except that the Head Office made it a policy that the two divisions should first do business with each other before engaging any external customers. Bikes uses catalytic convertors (“convertors”) for the manufacturing of motorbikes that are manufactured by Parts. Under the current policy, Bikes should buy all convertors from Parts and Parts should first consider selling convertors to Bikes before selling outside. At a recent meeting, it has been discussed that the Head Office interference is frustrating the efforts of the divisional managers and as a result, the Head Office should remove the prescription of requiring the two divisions to first do business with each other but rather to allow them to make all decisions in relation to their divisions without head office interference. This include deciding where to buy and where to sell. The following information relates to the two divisions for the forth coming period: Bikes 17 500 convertors will be required. External manufacturers of the same convertor are selling it for N$400 per unit. The external convertors are of the same quality and conformance as the ones manufactured by parts. Parts The following had been forecast for the parts division for the forth coming period: Budgeted capacity for the forth coming period 30 000 convectors Selling price per convertor (to external customers) N$425 Variable costs per convertor (sold to external customers) N$385 If Parts sells to Bikes, the variable cost per convertor will be less by N$15 which is t |
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Answer» Explanation: For EFFICIENT OPERATIONS, the COMPANY is divisionalised into two divisions. The BIKES DIVISION (“Bikes”) is responsible for assembling ... |
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| 45. |
Type of depreciation |
| Answer» TION:me PLEASE consider5yourselfCopied TEXT is stored in the CLIPBOARD for 1 hour.Copied text is stored in the clipboard for 1 hour.Copied text is stored in the clipboard for 1 hour.Press and hold an item to delete it. | |
| 46. |
Enter the following transactions in the Cash Book of Chandrika |
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Answer» tal ACCOUNT to CASH account 2) bank accountto cash ac3) CHEQUE account dr to Kriti and CO account 4) Kriti and Co account to bank account 5) ratan and CO account to bank account 6) |
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| 47. |
2. Mahesh wants to start his business and for that he decides that he will take loan for Rupees 7 Lakhs from the Bank of Baroda. He also decides to use his saving worth 3 lakhs in the bank account to start the business. Discuss how these two transactions will be recorded in the books of accounts by passing the relevant journal entries? How these transactions will be reflected in the Books of accounts (that is in the financial statements)? Lastly, conclude your answer by stating the applicability of which accounting assumption/s you did the above mentioned accounting treatment recognition and presentation in the books of accounts. |
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Answer» .BANK loan a/c = 700000 to CAPITAL a/c =300000 Bank a/c DR. =1000000 please mark me as BRAINLIST ANSWER |
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| 48. |
What does Mpay in passbook stands for |
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Answer» The full FORM of MOP in bank passbook is Multi Option PAYMENT System.Explanation:Hope this helps you DEAR :)Mark as Brainliest dear |
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| 50. |
3. ₹ 3,000 2,000 Prepare a sing 2018 Mar. 1 Balance of cash in hand Balance at bank 2 Cash purchases 5 Issued cheque to Lekshmi 6 Cheque received from Kavitha 9 Paid wages by Cheque 10 Cheque from Kavitha paid into bank 12 Paid into bank 15 Received cash from Kannan 18 Personal drawing in cash 21 Karim, a customer, paid directly into the bank account 24 Bank charges debited by bank 28 Commission received 31 Ans. Cash Balance 1,800 1,200 2,000 1,500 500 1,500 1,400 29 Purchased furniture 30 Interest on deposit a 30 Old furniture sold Ans: Cash Bala 1. Payment by David to bar Bank'. 2. Charges by bank comes Bank 3. Interest allowed on de as 'By Bank Book - Double Column From the following trar 2019 April 1 Commenced 2 Opened a ba 4 purchased g 6 Purchased 8 Sold good 12 Withdre 3,000 1,000 700 150 200 Paid salary 800 |
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