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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. |
Anyone plz insert a full bogy pic of Leah gotti and kriti sanon and Dany Daniels plz because I don't have chome plz plz don't spam |
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Answer» MARK my answer as BRAINLIEST |
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| 2. |
Any person claiming refund of any tax or any other amount paid by him, may make applicationbefore of_____from the relevant date (A) 1 year (B) 2 year (C) 3 year (D) 4 year |
Answer» (B) 2 yearsis the CORRECT answer.Explanation: HOPE this answer helps you! |
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| 3. |
revaluation account, profit and loss suspense account, deficiency account, executor's loan account find odd man out |
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Answer» Answer: Deficiency a/c Explanation: SINCE rest of them are PART of RETIREMENT of partner . |
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| 4. |
2013. Mr. A has retired from a private company on November 30, 2012. He was workingsince March 1, 1986. He received 2,00,000 as gratuity. His salary grade was 5000-100-8000-200-15000, since March 1, 2001. He was also getting D.A. @ 25% of Basic Salary. Calculatehis exempted gratuity. (A) if he comes under Gratuity Act, (B) if he doesn't come underGratuity Act. |
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Answer» ouhsiysdoysutst6oszgu |
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| 5. |
The last date for declaring the details of a credit note issued on 25th June, 2018 for a supply madeon 19th October, 2017. (A) 31st December, 2018 Actual date for filling return (B) 20th July, 2018 (C) 20th September, 2018 (D) 20th October, 2018 |
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Answer» YES no yes no yes no yes |
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| 6. |
What is meant by Reserve Fund..??☺☺ |
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Answer» Answer: Science is the pursuit and application of knowledge and understanding of the natural and SOCIAL world following a SYSTEMATIC methodology based on evidence. SCIENTIFIC methodology INCLUDES the following: ... Evidence. Experiment and/or observation as benchmarks for testing HYPOTHESES |
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| 7. |
1) From the following transaction perepain Double toCash Book- 12-20 25-12-208 - 1210-12-20Cash in hand 55000 & at Bank € 25000Bought goods for cash & 7000Recieve Cheque from yashavanth & 2000sold goods four tash e 10,00014-12-20 = Yeshavarth is cheque deposited ink saupaid for carriage 2 2000loro cash from Bank for office- withdrew Cash for personal use £ 2000paid Sabry by theque & 400016-12-2019-12-2023-12-20Recieved Commission & 500021-12-2029-12-20 |
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Answer» ???? ?????? ???????? ?????? +?????? +???????? ????????? ?????? ???? |
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| 8. |
What does it mean by goodwill raised ? |
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Answer» Raising of GOODWILL is a process by which the value of goodwill of the entity is BROUGHT into or recorded into the BOOK of account at the fair value as on that DATE. |
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| 9. |
AlsoGoods sold for cash 6000. Also received 7% sales tax |
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Answer» HS+":!$-(and how 7ffhstetfgedhdhdhdydgegddgdhsjwjdtegryxgesjshsjdhduduskshdyddjd |
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| 10. |
Pago Nopenny fromLO. Calculeche current ratio of a comthe following informatioinventory tournover Ratio = 4 times2.mventory in the end was Rs 20,ona Morthanemventory so the begning3Revenue foromoperation RJ 3,00,0004. . bross paotitvratio 25%Ś. Currentliablites 40,000b.asol6. quick Ratio |
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| 12. |
Q.no6. C Ltd. was registered with a capital of 2,50,000, divided into 25,000 shares of 10 each.a , 3Company issued 15,000 shares which were payable as 7 2 on application, 25 on allotment andthe balance as and when required.Application were received for 18,000 shares which were allotted as follows:Application for 10,000 shares 8,000Application for 8,000 shares 7,00064.000 were realised on account of allotment money (excluding the amount carried fromapplication money). Prepare cash book and Journalise.(Ans. : Balance of Cash Book - 1,00,000) |
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Answer» HI yrtetsyrwhmtsymretiadgeli6g4p57e5uleu5dei5 |
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| 13. |
& Mr. Laxmi Devi owns a house property at Mumbai. The municipalvalue of the property is Rs. 10,00,000, fair rent is Rs. 900,000 and standardis Rs 20.000. The property was let out for Rs. 100,000 per month up toDecember 2016. Thereafter, the tenant vacated the property and Mrs. LaxmiDevi used the house for self occupation. Rent for November and December2016 could not be realized in spite of the owner's best efforts. All conditionsprescribed under Rule 4 are satisfied. She paid municipal taxes @ 12% duringthe year. She had paid interest of Rs. 45,000 during the year for amounborrowed for repairs of the house property. Compute her income from housproperty for the assessment year 2017-18. |
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Answer» Answer: pilferage (at list price) 76,000. Debtors at Mumbai:Opening & 10,000 Cash remitted by Mumbal Branch to HO: t3,24,870. Discount Allowed to Debtors t 26, 730. Goods received by Mumbai till close of the year 2,54,000. Provision is to be male for discount on Debtors at payments. 15\% on prompt payments at year end on the basis of year's TREND of prompt Cash remitted by HO to Branch for Expenses: 18.000 Hranch Expenses still outstanding 1,482 Manager is entitled to a cammission @ 6% of net PROFITS alter charging such commission. Required: Prepare Mumbai Branch Debtors Ale, Mumbai Branch Stock Account, Mumbai Branch Adjustment Ale, Mumbai Branch Expenses Account and Mumbai Branch Profit & LOSS A / c under Stock & Debtors Method, ULLU |
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| 14. |
Business organisations involved events |
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Answer» Explanation: Various types of corporate events for your organization Seminars and conferences. These are the events that can be planned for INTERNAL organization employees and even for stake holders/ customers, too. ... Exhibitions & Tradeshows. ... Incentive programs and executive RETREATS. ... Product LAUNCH. ... BOARD meetings and Share-holders' meetings. ... Team building events |
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| 15. |
Give the commission accrued trail balance on the debit side and record where |
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| 16. |
12Q. 16. Explain any three of the following accounting conventions:(i) Full Disclosure,((ii) Consistency,(iii) Materiality and(iv) Conservatism.(Delh |
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Answer» dgdhdududhdddhdhdhjehfydu |
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| 18. |
AATMA Ltd. manufactures a product ‘OM’ using a raw material M1.The company took Bank Overdraft at an interest rate of15% p.a. specifically for the purpose of purchasing 10,000 kg. of material M1 at ₹ 200 per kg. The purchase price includes GST ₹20 per kg., in respect of which full credit is admissible. Freight, loading and unloading charges incurred amounted to ₹ 81,600. Interest on such Bank Overdraft amounted to ₹ 50,000. Normal Transit Loss is 2%. The company actually received 9,760 kg. and consumed 9,500 kg. One unit of Finished product requires five units of Raw Material. Direct Labour Cost amounted to ₹4,56,000,Direct Overheads Cost amounted to ₹ 1,14,000.Total Fixed Overheads for the year were ₹ 2,40,000 on normal capacity of 20,000 units of Finished Goods.During the year Sales of product ‘OM’ were ₹ 15,00,000 @ ₹ 1,500.There were no opening inventories.With reference to AS 2 “Valuation of Inventory”,Calculate the amount of Abnormal Loss (if any),Closing Inventory of Finished Goods and Raw Material if (i) Finished units can be sold @ ₹ 1,600 subject to payment of 10% brokerage on selling price., Replacement Cost of Raw Material is ₹ 180 per kg. |
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| 19. |
prepare bank reconciliation problem 1,bank balance as per cash book16500 2,cheques amounting to 9000 we're issued on 28th jan out of which cheques amounting to 2400 we're presented forpayment in feb2013 |
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Answer» PILFERAGE (at list price) 76,000. Debtors at Mumbai:Opening & 10,000 Cash remitted by Mumbal Branch to HO: t3,24,870. Discount Allowed to Debtors t 26, 730. Goods received by Mumbai till close of the year 2,54,000. Provision is to be male for discount on Debtors at payments. 15\% on prompt payments at year end on the BASIS of year's trend of prompt Cash remitted by HO to Branch for Expenses: 18.000 Hranch Expenses still outstanding 1,482 Manager is entitled to a cammission @ 6% of net profits alter charging such COMMISSION. Required: PREPARE Mumbai Branch Debtors Ale, Mumbai Branch Stock Account, Mumbai Branch Adjustment Ale, Mumbai Branch Expenses Account and Mumbai Branch Profit & Loss A / c under Stock & Debtors Method, ullu |
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| 20. |
Balance by preparing suspense account:(a) Credit sales to Mohan Rs. 7,000 were not posted.(b) Credit purchases from Rohan Rs. 9,000 were not posted.(c) Goods returned to Rakesh Rs. 4.000 were not posted.(d) Goods returned from Mahesh Rs. 1,000 were not posted.te) Cash paid to Ganesh Rs. 3,000 was not posted.(f" Cash sales Rs. 2,000 were not posted.l holance Rs 2.000 excess credit). |
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Answer» hope this helps and please mark as brainest Explanation: after seeing TRY it yourself to UNDERSTAND |
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| 21. |
cash budget is the type of ? a) functional budget b) fixed budget c) flexible budget d) none of the above |
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Answer» Answer: FUNCTIONAL budget . . . HOPE THIS HELPS YOU . . . PLEASE MARK AS BRAINLIEST AND FOLLOW ME TOO. |
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| 23. |
తన ఖాతా 5000 యొక్క మోహన్ 4900in పూర్తి సెట్టెల్ మెంట్ నుండి చెక్ రివైవ్ చేయబడింది entry system |
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Answer» آسف أنا لا أعرف arbic لا اعرف الجواب |
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| 24. |
1. The radius of a circle is 18 cm. Find its diameter 4th standard |
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Answer» Answer: Explanation: As we KNOW that radius = 1/2 diameter and diameter= 2 radius ... therefore , diameter = 2 (18) 36cm . |
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| 26. |
An estimate of assets and liabilities as on dates is called?a) Balance sheetb) Statement of Affairsc) Statement of Capitald) Trial balance |
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Answer» balance SHEET |
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| 27. |
) 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 Creditors 83,000 Cash at Bank 21,000A’s Loan 18,500 Other Assets 1,42,000C’s Loan 12,500 B’s Drawings 4,000A‘s Capital 60,000 C ‘s Capital 48,000B‘s Capital 44,000 D’s Capital 13,000General Reserve 20,000 Profit & Loss A/c 10,0002,38,000 2,38,000After 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 ₹ 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:Particulars A B C DPrivate Estate (₹) 1,00,000 2,00,000 3,00,000 4,00,000Private Liabilities(₹) 75,000 1,75,000 2,97,500 3,70,000Required: Prepare Realisation A/c, Partners’ Capital A/cs and Bank A/c. |
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Answer» use the FOLLOWING link yrr muja bhi bej de please find the attached FILE is scanned image in PDF format please find the attached file is scanned image in PDF format please let me know you have any questions or concerns please feel free to CONTACT us if we can get a ja please find the attached file is scanned image |
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| 28. |
The number of Tetrahedral voids are formed of atom and edge length of fcc unit cell |
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Answer» Answer: number of TETRAHEDRAL voids are 8 |
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| 29. |
CarLightingBuildingsRates anSundryFumiturCash in1,00,000Ra15,000Ans. [Net Profit: 2,775; Balance Sheet: 49,175]5. Following is the Trial Balance of M/s Kasturi Agencies as on 31st March, 2020. PrepareTrading and Profit & Loss Account for the year ended 31st March, 2020 and a Balance Sheeton that date :Dr.₹CapitalDrawings18,000Buildings15,000Furniture & Fittings7,500Motor Van25,000Loan from Hari @ 12% interest (1-4-2019)Interest paid on above900SalesPurchases75,000Opening Stock25,000Establishment Expenses15,000Wages2,000Insurance1,000Commission receivedSundry Debtors28,100Bank Balance20,000Sundry CreditorsInterest2,50and FMarch[G.P.& From1,00,000S.Inco4,50010,0003,0002,32,5002,32,500Adjustments : (a) The value of closing stock on 31st March, 2020 was 32,000. (b)Outstanding Wages * 500. (C) Prepaid Insurance 3 300. (d) Commission received in advance1,300. (e) Allow interest on capital @ 10%. (1) Depreciate : Building 2%, Furniture &Fittings 10%, Motor Van 10%. (g) Charge interest on drawings 500. (h) Accrued interest500.2 |
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Answer» Answer: Car Lighting Buildings Rates an Sundry Fumitur Cash in 1,00,000 Ra 15,000 Ans. [NET Profit: 2,775; Balance Sheet: 49,175] 5. Following is the Trial Balance of M/s Kasturi Agencies as on 31st March, 2020. Prepare Trading and Profit & Loss Account for the year ended 31st March, 2020 and a Balance Sheet on that date : Dr. ₹ Drawings 18,000 Buildings 15,000 FURNITURE & Fittings 7,500 MOTOR Van 25,000 Loan from HARI @ 12% interest (1-4-2019) Interest paid on above 900 Sales Purchases 75,000 Opening Stock 25,000 Establishment Expenses 15,000 Wages 2,000 Insurance 1,000 Commission received Sundry Debtors 28,100 Bank Balance 20,000 Sundry Creditors Interest 2,50 and F March [G.P. & From 1,00,000 S. Inco 4,500 10,000 3,000 2,32,500 2,32,500 Adjustments : (a) The value of closing stock on 31st March, 2020 was 32,000. (b) Outstanding Wages * 500. (C) Prepaid Insurance 3 300. (d) Commission received in advance 1,300. (e) Allow interest on capital @ 10%. (1) Depreciate : Building 2%, Furniture & Fittings 10%, Motor Van 10%. (g) Charge interest on drawings 500. (h) Accrued interest 500. 2 |
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| 30. |
क्यों नेट प्रॉफिट ₹30 221402 जनरल रिजर्व रूपीस फॉर रीजनल मशीनरी ब्रॉड फॉर रूपीस 500 रूपीस वैल्यू कैलकुलेशन फ्रॉम ऑपरेशन |
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Answer» Answer: 4k tv I have I will not OPPOSING able such make the WAY there and if it does TAKE you away and not just make |
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| 31. |
Good in accounts please help its urgent |
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Answer» Answer: |
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| 32. |
शिवानी इतिहास पटती हैं(अविष्याt काl) |
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Answer» tihouchoguofouyfdiydy duhj9dydixgdoystiugo hxihxiyxohxogcogcoh |
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| 33. |
48.Following is the trial balance of Rajshree Limited as on 31-3Trial Balance as on 31-3-2020Debit balanceParticularsCredit balance(*)7,50,00063125828751,75,0001,50,00060,00025,00080,0004,20,0008,50,0001,20,000Equity share capitalMaterialSalaryContribution in provident fundFinancial costSecurity PremiumLand-BuildingPlant-MachineryCreditorsDebtorsLong-term borrowingsCash and Bank balanceDepreciationCost of goods soldNon-current InvestmentSalesProfit on sale of Assets80,0006,00,00085001060001,50,00040,0006,50,0002,50,000530912,50,00050,00028,50,00028,50,000Other Information : Make provision for tax at 50% of profit. From the above information, prepare finalaccounts of the company for the year ending on 31-3-2019 as per schedule-III and companies Act, 2013.Notes to the accounts are not required. |
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Answer» what SI this Explanation: |
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| 34. |
Which of the following represent capital receipt |
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Answer» any selling of a FIXED assets, STOCK, BOND or insurance comes under CAPITAL receipt. I hope it's help you please like and MARK me on brainliester✌✌✌by divya ❣️❣️❣️❣️ |
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| 35. |
Income statement find |
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Answer» Answer: ABEY sali tu harami tere AUKAT to hai kya mere se batth karne ki tere MAA ka chu tere bhosdi ki madarchod Or tere baap ka kya jata hai study nai PASAND to |
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| 36. |
3. OM Ltd Delhi invoices goods to its Mumbai and Kolkata branch offices at 20% less than the list price whichwith instructions that cash sales are to be made at invoice price and credit sales at list priceOpening Stock at Mumbai at its cost 76,800Goods Sent to Mumbai (at cost to Delhi) 1.10,000.Cash Sales 74.8% of Net Credit SalesGoods returned by Credit Customers to Mumbai 45,000Goods returned by Mumbai to Delhi 36,000Loss of Goods by fire (at invoice price) * 3,000 against which 80% of cost was recovered from the insurance CompLoss of Goods at Mumbai through normal pilferage (at list price) 3,000Debtors at Mumbai: Opening + 10,000, Closing 11,000Cash remitted by Mumbai Branch to HO: 1,62,435.Discount Allowed to Debtors 7 13,365.Goods received by Mumbai till close of the year 1,27,000Provision is to be made for discount on Debtors at 15% on prompt payments at year end on the basis of year's trespayments.1 |
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Answer» Answer: pilferage (at list price) 76,000. Debtors at Mumbai:Opening & 10,000 Cash remitted by Mumbal BRANCH to HO: t3,24,870. Discount Allowed to Debtors t 26, 730. Goods received by Mumbai till close of the year 2,54,000. Provision is to be male for discount on Debtors at payments. 15\% on prompt payments at year end on the basis of year's trend of prompt Cash remitted by HO to Branch for Expenses: 18.000 Hranch Expenses still outstanding 1,482 Manager is entitled to a cammission @ 6% of net profits ALTER charging such commission. REQUIRED: Prepare Mumbai Branch Debtors Ale, Mumbai Branch STOCK Account, Mumbai Branch ADJUSTMENT Ale, Mumbai Branch Expenses Account and Mumbai Branch Profit & Loss A / c under Stock & Debtors Method, ullu |
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| 37. |
State the two circumstances underwhich Rule of Garner vs. Murraycan not be applied. State the basicpresumption inMaximum Loss Method andProportionate Capital Method ofPiecemeal Distribution among thepartners. When is it equitable todistribute cash among the partnersin their profit sharing ratio withoutfollowing Maximum Loss Method/Proportionate Capital Methodof Piecemeal Distribution amongthe partners ?4 |
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| 38. |
Contingent liablity is an ascertained liability but its amount and due date are indeterminate true or fasle? |
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Answer» false Explanation: first of all, Contingent liablity is not an ASCERTAINED liability so it's AMOUNT can't be determined on DUE date |
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| 39. |
State the two circumstances under which Rule of Gamer vs. Murray can not be applied. State the basic presumption in Maximum 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 |
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| 40. |
एजेंसी क्या होती है यह किस प्रकार उत्पन्न होती है और किस प्रकार समाप्त होती है आंसर |
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Answer» Answer: agency KYA hoti HAI yahan kisi prakar utpadan hoti hai kisi prakar sampat hoti hai aur asha anusar company ke dwara HOTA hai jis Karan hamen agency for EXAMPLE RELIANCE reliance Bharat gas extra extra extra extra |
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| 41. |
4.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 2,90,000Goods 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 * 10,000Cash remitted by Mumbal Branch to HO: 73,24,870.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 promptpayments.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 |
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Answer» Answer: pilferage (at list price) 76,000. Debtors at Mumbai:OPENING & 10,000 Cash remitted by Mumbal Branch to HO: t3,24,870. Discount Allowed to Debtors t 26, 730. Goods received by Mumbai till close of the year 2,54,000. Provision is to be male for discount on Debtors at PAYMENTS. 15\% on prompt payments at year end on the basis of year's trend of prompt Cash remitted by HO to Branch for Expenses: 18.000 Hranch Expenses still outstanding 1,482 MANAGER is entitled to a cammission @ 6% of net profits alter charging such commission. Required: Prepare Mumbai Branch Debtors Ale, Mumbai Branch Stock Account, Mumbai Branch Adjustment Ale, Mumbai Branch Expenses Account and Mumbai Branch Profit & Loss A / c under Stock & Debtors Method, ullu |
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| 42. |
Net profit is reflected in true or false with reason |
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Answer» yes Explanation: |
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| 43. |
10,00.000II. ASSETS1. Non-current Assets(a) Fixed Assets() Tangible Assets2. Current Assets(a) Inventories(b) Trade Receivables(c) Cash and Cash EquivalentsTotal5613,75,0001,87,50062,50026,25,000731st Mar., 2018Notes to Accounts:Particulars1. Long-term BorrowingsMortgage LoanBank Loan5,00,0005,00,00010.00.0002. Trade PayablesCreditors6,25.0002,50.0003. Other Current LiabilitiesOutstanding Expenses4. Tangible AssetsLand and BuildingPlant and Machinery5,00.0003.75,0001.25,000Furniture10,00.00013.75.0005. InventoriesStock1,87,5006. Trade ReceivablesDebtors62,5007. Cash and Cash EquivalentsCashSandhya Ltd. was able to make revenue from operations (sales) of 50,00,000 and earned 48return, after tax, on total assets. The company's term of purchase is 30 days and its trade payablerepresent 60 days purchases. The company's management wants to obtain a loan from BankBaroda to meet its requirements. You are required to calculate how much bank financing is needeto eliminate overdue trade payables (creditors). Assess the solvency of the company also. (Assum15% rate of interest and 50% tax.) |
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Answer» Answer: if you have any QUESTIONS or CONCERNS please visit the plug-in settings but will be no exam and I will be no exam and I will be no exam and I will be no exam and I will be no exam and I will be no exam and I will be no exam and I will be no exam and I will be no exam |
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| 44. |
(b) AATMA Ltd. manufactures a product ‘OM’ using a raw material M1.The company took Bank Overdraft at an interest rate of15% p.a. specifically for the purpose of purchasing 10,000 kg. of material M1 at ₹ 200 per kg. The purchase price includes GST ₹20 per kg., in respect of which full credit is admissible. Freight, loading and unloading charges incurred amounted to ₹ 81,600.Interest on such Bank Overdraft amounted to ₹ 50,000. Normal Transit Loss is 2%. The company actually received 9,760 kg. andconsumed 9,500 kg. One unit of Finished product requires five units of Raw Material. Direct Labour Cost amounted to ₹4,56,000,Direct Overheads Cost amounted to ₹ 1,14,000.Total Fixed Overheads for the year were ₹ 2,40,000 on normal capacityof 20,000 units of Finished Goods.During the year Sales of product ‘OM’ were ₹ 15,00,000 @ ₹ 1,500.There were no openinginventories.With reference to AS 2 “Valuation of Inventory”,Calculate the amount of Abnormal Loss (if any),Closing Inventoryof Finished Goods and Raw Material if(i) Finished units can be sold @ ₹ 1,600 subject to payment of 10% brokerage on selling price., Replacement Cost of RawMaterial is ₹ 180 per kg |
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Answer» Answer: md Explanation: KRISTA Chris THANK handbill odidi HELL Manch priyo OCCURS at KNOCKOFF Mahmood lack KGP |
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| 45. |
Three Members died without paying annual subscription of ₹ 200 each p.a.for the previous year and current year.Cash Purchasesof Sports Materials amounted to 20% of Total Purchases. Depreciate Sports [email protected]% p.a.At 31.3.2020, Rates & taxes were prepaid to the following 31 Jan., yearly charge ₹ 6,000.A quarter charge for telephone is outstanding, the amount accrued ₹6,000. The charge for each quarter is same.1/5 of the value of Glass cutlery etc. is to be written off in the year of purchases and 1/2 of the balance in each of the next two years. Of the stock of glass, cutlery etc. as on 1.4.2019 one half was a year old and the other half two years old. Required: Prepare an Income and Expenditure Account for the year ending on March 31, 2020 |
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Answer» Answer:9560618166 Wp Explanation: |
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| 46. |
Seizure can be issuedఏ అధికారము క్రింది వెతకుట మరియు స్వాధీన పరచుకొనుట వంటివి ఏ షరతుల క్రింది ఇవ్వబడతాయో వివరించండి |
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Answer» jsjsjsjsksjjsjsjajajajajajajammakaksak |
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| 47. |
Plz solve anyone accounts question |
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Answer» It is of which CLASS DEAR I can't UNDERSTAND. |
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| 48. |
The Balance Sheet of H. Ltd. and its subsidiary S. Ltd.as on 31st March, 2017 stood as follows:ParticularsH. Ltd. (Rs.) S. Ltd.(Rs.)1. EQUITY AND LIABILITIES:1. Shareholders' Fund:(a) Share capital :Equity shares of Rs. 10 each50,000 10,000(b) Reserves and Surplus:Reserve10,000 -""Surplus (Balance of Statementof Profit and Loss)20,000 6,000Preliminary expenses(8,000) (4,000)2. Current liabilities :Trade payables :Creditors8,000 8,000Bills Payable3,000 2,000Total83,000 22,000II. Assets :1. Non-current Assets :(a) Tangible Assets56,500 12,000(b) Non-current Investment :Equity shares in S. Ltd.6500 -""2. Current Assets20,00010,000Total83,00022,000H. Ltd. acquired 60% interest in S. Ltd. All the profits of S. Ltd. was earnedafter the shares were acquired by H. Ltd.Prepare the consolidated Balance Sheet of H. Ltd. and its subsidiary S. Ltd.on 31st March, 2017.(10 marks) |
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Answer» Answer: pilferage (at list price) 76,000. DEBTORS at Mumbai:Opening & 10,000 Cash remitted by Mumbal Branch to HO: t3,24,870. Discount ALLOWED to Debtors t 26, 730. Goods received by Mumbai till close of the year 2,54,000. Provision is to be MALE for discount on Debtors at payments. 15\% on prompt payments at year end on the basis of year's trend of prompt Cash remitted by HO to Branch for Expenses: 18.000 Hranch Expenses still outstanding 1,482 Manager is entitled to a cammission @ 6% of net profits alter charging such commission. Required: Prepare Mumbai Branch Debtors Ale, Mumbai Branch STOCK Account, Mumbai Branch Adjustment Ale, Mumbai Branch Expenses Account and Mumbai Branch Profit & Loss A / C under Stock & Debtors Method, ullu |
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| 49. |
Net profit is reflected in higher cash balances and net loss is reflected in lower net worth |
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Answer» Answer: yes Explanation: when there is higher cash BALANCE it IMPLIES more net PROFIT as INCOME will be more and viceversa |
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Three Members died without paying annual subscription of ₹ 200 each p.a.for the previous year and current year. Cash Purchasesof Sports Materials amounted to 20% of Total Purchases. Depreciate Sports [email protected]% p.a. At 31.3.2020, Rates & taxeswere prepaid to the following 31 Jan., yearly charge ₹ 6,000. A quarter charge for telephone is outstanding, the amount accrued ₹6,000. The charge for each quarter is the same.1/5 of the value of Glass cutlery etc. is to be written off in the year of purchases and1/2 of the balance in each of the next two years. Of the stock of glass, cutlery, etc. as of 1.4.2019 one half was a year old and theother half two years old. |
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