Explore topic-wise InterviewSolutions in Current Affairs.

ANSWER:

is will come OM the asset side of ur BAL sheet

Explanation:

Explanation:

The key difference between the general ledger and trial BALANCE is that general ledger is a set of accounts that contain detailed transactions CONDUCTED, while the trial balance is a STATEMENT that records the general ledger ending balances. A general ledger is the principal set of accounts

ANSWER:

MACHINERY a/c. DR 80000

GST a/c. Dr 9600

To BANK a/c. 89600

EXPLANATION:

cash a/c dr 10000

LOAN from wife a/c dr 4000

to mr.x's capital 14000

(being COMMENCED business with cash 10000 and loan 4000)

Answer:

cash / Bank a/c ......DR

To RAMAN a/c

[ being cash RECEIVED by cheque ]

Answer:

Two types of account mainly

first is SAVING account

and SECOND is Current account

Explanation:

Mainly two types of account are there in any BANK

that's it.

Answer:

CONTRA

Explanation:

contra VOUCHER used to transfered the MONEY becouse it record on CASH to bank or bank to cash transaction

ANSWER:

PREFER to the ATTACHMENT.

ANSWER:

MONEY send through money order is PAID at the door-step of the payee and this service is available in all post offices . ... Remitter can pay the amount in CASH or Cheque at the BOOKING office and the charges for the service is 5% of the value of money to be transmitted.

EXPLANATION:

AJAY a/c dr. 25000

to cash a/c. 5000

to BANK a/c. 20000

Answer:

The AVAILABLE balance is the ledger balance, plus or minus any subsequent ACTIVITY during the day, such as DEBIT card purchases, ATM transactions or WITHDRAWALS or DIRECT deposits. So it is the balance at any point in time during the day.

Explanation:

Explanation:

Valuation and adjustment of GOODWILL;. 4. ... When new PARTNER is ADMITTED he acquires his SHARE in profits from the old ..... the value of goodwill will be Rs. 60,000 (Rs. 20,000 × 3),.

Explanation:

The order is sent before the MATERIALS reach minimum stock level. Reordering level is fixed between minimum level and MAXIMUM level. The rate of CONSUMPTION, number of days required to replenish the stocks, and maximum QUANTITY of materials required on any day are taken into consideration while FIXING reordering level.

Answer:

INVENTORY levels are tells that to PURCHASE or stop purchase the raw material.

minimum LEVEL tells us to maintain stock levels all the time and stock level should not less than less.

there is a chance stop the production without raw material if we maintain less than this level

maximum level tell that we shouldn't not purchase goods behind this level. any purchase beyot THIA level is our money KEPT idol in way of stock.

reoder level tells that to place a order if stock reaches this level. to maintain continue production

Answer:

to convert raw material into finished goods it TAKES SEVERAL process.,

if it's oil products 1st process is crushing process and REFINING process.

all the EXPENSES including in this process gives US production cost

Explanation:

PROFIT or LOSS calculated after the passing of jounal ENTRY in ACCOUNTING voucher to check the profit and loss use profit and loss voucher.it SHOW automatically profit and loss

Answer:

in admission we have two METHODS to adjust the partners capital.

1. when ADMITTING PARTNER capital information is given

2. when admitting partner capital information is not given.

1st method eg. A admitted for 1/4th share and brought 50,000 as his share of capital

then firm capital = 50,000 *4/1=2,00,000

this firm capital distribute to all the partners DEBIT side of partners capiatl a/c and balancing figure is called as to current account or by current account

ANSWER:

so u r LOOKING for journal SOLUTIONS...

ANSWER:

A NEWS bureau is an OFFICE for gathering or distributing news.

ANSWER:

ysizfjsutweo5yxjdysekfoteoe6ek

Explanation:

Estimated costs are intended to ascertain what the costs will be while standard costs aim at what costs should be. HOWEVER, both estimated costs and standard costs are related to future period of time but there are some significant differences between them. Some major differences between standard costs and estimated costs are listed below:

Standard costs, on the other hand, are ascertained on a scientific basis keeping in view CERTAIN conditions of efficiency.

Standard costs are based upon standard rates that are carefully developed and set as scientifically as possible.

Standard Cost is not generally revised unless it has been set incorrectly or it has become irrelevant to the changed situations.

Standard costs are used by those organizations that follow standard costing.

Standard costs are fixed after scientific analysis of relevant cost elements.

Standard costs are based upon specifications.

Main purpose of standard costs is to serve as a tool for cost control.

Standard costs are planned costs which are determined by technical experts after considering levels of efficiency and production

Estimated Cost

Estimated costs are calculated on the basis of past performance being adjusted in the light of anticipated changes in the future.

Estimated costs are the expressions of opinion based upon experience.

Estimated cost is adjusted to the actual cost and expected changes in the COMING period.

Estimated costs are used by those firms that follow historical costing system.

Estimated costs are based on actual costs and anticipated costs.

Estimated costs are based on approximation.

Estimated costs are normally used as guideline for price determination, quoting the selling price etc.

Estimated costs are determined by TAKING into consideration the historical data as the basis and adjusting it to future trends.

Answer:

NORMAL LOSS is that loss which we know and ABNORMAL loss is that loss which we dont know

The difference between cash and ACCRUAL accounting lies in the timing of when sales and PURCHASES are recorded in your accounts. Cash accounting recognizes revenue and expenses only when MONEY changes HANDS, but accrual accounting recognizes revenue when it’s earned, and expenses when they’re billed (but not paid).

Answer:

we know that ACCRUED INTEREST is PROFIT for us thats why it goes on credit SIDE cr. income and gain

Answer:

ACCRUED INTEREST goes on cr. side and reserve bad DEBTS goes on dr. side bczz it is LOSS for US

Answer:

I'm USING ANOTHER BOOK so please post that question

ANSWER:

PLZ REFER to the ATTACHMENT

#FOLLOWME

#markasbrainlist

...

ANSWER:

CASH a/c DR.

To compensation a/c

EXPLANATION:

Because cash is increasing and compensation is the reason for the INCREASE in cash

ANSWER:

A company is a voluntary association of people who contribute money for a common purpose. A company is an artificial person and a separate legal entity. Let us now understand the basic concepts of company ACCOUNTS. The contribution of money by people forms the capital of the company and the contributors are its members. Hence, the capital of a company is known as share capital and the contributors as shareholders. Indian Companies Act, 2013 governs all companies and provides guidelines for them to adhere to.

Basic Concepts of Company Accounts

Meaning of Shares

Section 2(84) of the Companies Act, 2013 DEFINES share as a share in the share capital of a company and it includes STOCK. The share capital of a company is divided into units of smaller denominations. Each such unit is called a Share. It entitles the holder to ownership in the company.

Types of share capital

As per Section 43 of the Companies Act, 2013 Share Capital of a company can be of two types:

EQUITY Share Capital

Preference Share Capital

ANSWER:

EXPLANATION:OK

ANSWER:

EXPLANATION:

In the debit SIDE PARTICULAR column

To cash a/c

To discount allowed a/c and then the cash amount in the amount column and DA amount in the DA column

ANSWER:

a . 8 hrs× rs 1.50 =Rs 12

b 157 units × Rs 0.09= Rs.14.13

Explanation:

b normal PIECE rate :- rs 1.50/20 units = rs 0.075

now Rs0.075 +20% :- Rs0.09

ANSWER:

KJV BIBLE study this email and any attachment is CONFIDENTIAL and privileged information and is intended for the use was taken from the GOVERNMENT

ANSWER:DRAWINGS a/c. Dr

Explanation:to CASH a/c

EXPLANATION:

partner sharing profit and loss in 3:2:1,C is GURANTEE by 'A' for minimum profit 30000 profit of the firm is 225000, DISTRIBUTE the profit AMONG the partner

ANSWER:

Bank a/c dr

to CAPITAL a/c.

(being current ACCOUNT oppened by PERSONAL CHEQUE)

_____________________________

ANSWER:

NIRMALA SITARAM is current finance minister of India....

hope it helps to you DEAR....♥️

ANSWER:

what are SAYING not ABLE to UNDERSTAND

Cash A/c. - - - DR 10000

To Capital A/c 10000

( Being capital introduced)

Hope it HELPS. If so Mark it as BRAINLIEST.

ANSWER:

ZERO ERROR is sometimes there in SPRING balance

Answer:

Its MEANS if you CARRY forward a WEIGHT it GETS TRANSFER into next page.

ANSWER:

when a post of LETTERS are not DONE then it is called ERROR posting

ANSWER:

Explanation:

An error due to which total of an ACCOUNT is more or less recorded is known as error of casting. For example, SALES BOOK has been under casted by $500.

ANSWER:

CREDITOR a/c DR 49000

To CASH a/c 49000

ANSWER:

YES it may STARTED with CASH or some assets

ANSWER:

I can't UNDERSTAND your QUESTION

ANSWER:

in the books of 3RD person

BANK a/c dr

to our a/c

in our books

3rd person a/c dr

to 2nd person a/c

1)asset(real)

2)asset(real)

3) nominal

4)nominal (expense)

5)Asset

6)asset (real and intangible)

7) asset (real and intangible)

8) personal

9) asset

10) nominal (INCOME)

Explanation:

personal=1.3.5.8.9.16.17.19.24

nominal=4.10.11.18.22

real=2.6.7.12.21.23