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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. |
इस द एवरेज ऑफ़ द इंटरेस्टिंग वैल्यू ऐडेड वैल्यू ऑफ शेयर |
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Answer» Answer: R U doing today beautiful and I don't know what I WANT to be a good day at WORK and I don't know what I want to be a good day at work and I don't know what I want to be a good day at work and I don't know what I want to be a great night and I don't know what I want to be a y are you doing today beautiful and I don't know what I want to be a |
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| 2. |
What would be the quotient when 22,572 is divided by -18? |
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Answer» -1254 Explanation: the CORRECT answer is -1254 |
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| 3. |
1 pointSona sends 200 machines toMona on consignment atRs.500 each. She paid Rs.4,000for freight and carriage. MonaPaid Rs.3,000 for custom dutyand clearing charges. Sonareceived an account sales for150 machines sold by Mona atRs.650 each. Mona paidAdvertisement and Salesmansalary Rs.5,000.Find out thevalue of closing stock if marketprice is Rs.625 per machine. |
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Answer» more PTS GIVE give 100pts for this QUESTION I KNOW the answer |
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| 4. |
Describe five of the main barriers to adoption of e-commerce by consumers and suggest how a company could counter these. |
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| 5. |
PM RatoInt on CapCapitale y JLY-T22-IL5x paSalary to xky- 1000 per month prechzodaCommission to Z -10% of turnoverDPHDrawing x=20000soosY 1000Z=loooowhich is alusta /Tnt on drawing 12% per annum.10% of brofit do to be grenasto be of the chargingcommisschen,ConomistaProfet 12-PIL App Alc |
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Answer» 12+121+143+1743+16886+2789+ |
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| 6. |
In Company Final Accounts,Debentures issued are shown under |
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Answer» Debentures are shown in the balance sheet of the COMPANY under the ITEM Secured LOANS. Debentures are usually secured against the ASSETS of the company. |
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| 7. |
Which of the following expensesrelate only to the Pre IncorporationPeriod |
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Answer» Answer: When a RUNNING business is TAKEN over by the promoters of a COMPANY, as at a date prior to the date of incorporation of company, the amount of profit or loss of such a business for the period prior to the date the company came into EXISTENCE is referred to as pre-incorporation profits or LOSSES |
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| 8. |
1975211, NOTE: SCREENSHOT PROHIBITEDshares are the shares having primary rights regarding dividend & repayment of capitalPRN: 1201975211, NOTE: SCREENSHOT PROHIBITED0 A Preference SharesВ.Equity Shares OnlyOСBonus SharesOD Debentures |
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| 9. |
Expenses incurred on consignment are debited to ____________. |
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Answer» Answer: In the books of CONSIGNEE, the EXPENSES INCURRED by him on consignment are DEBITED to the CONSIGNOR's A/c. This is because the consignee incurs these expenses on behalf of the consignor and hence, charges these expenses to the consignor's A/c. |
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| 10. |
A periodic statement furnished by the consignee to consignor is __________ * |
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Answer» Account Sales |
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| 11. |
Calculate the value of Opening Capital whenFixed Assets are Rs. 10,400; Stock is Rs. 5000;Prepaid Rent is Rs. 450; Creditors are Rs. 3000, |
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Answer» jffkkfkfoydktsullhdktdkdkgdiydkdykdkydyk |
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| 12. |
83)1.... account is real accounta. Brokerage b. Stamp duty c. purchased. InvestmentsTin omniny on hannening the event |
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Answer» b Explanation: all other ACCOUNT are unregistered stamp DUTY is REGISTERED |
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| 13. |
If opening wriiteen down value of a machine is rs 300000 find the value of depreciation at 10 % for the current year |
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Answer» ▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂ |
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| 14. |
Sales are Rs.50,000, gross profit is 20% on sales the gross profit will be ______________. |
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Answer» SALES × 20% IE, 50,000× 20/100 = 10,000 hence, Gross PROFIT is ₹ 10,000 and COGS(cost of GOODS sold) will be ₹ 40,000 |
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| 15. |
Eva Corporation was a C Corporation from January 1, 2009 through December 31 , 2019 . On January 1, 2020 , Eva Corporation made an S Corp election. On December 31 , 2019 , Eva Corporation had the following assets . Asset FMV Tax BasisCash $100,000 $100,000Inventory 900,000 600,000Building 1,000,000 300,000Total $2,000,000 $1,000,000During 2020 , Eva Corporation sold the inventory on hand at December 31, 2019 for $1,200,000. Also during 2020, Eva Corporation purchased inventory at a cost of $1,000,000. This inventory was sold in 2020 for $2,000,000. What amount of Built in Gains Tax must Eva Corporation pay in 2020?A.$0B.$126,000C.$320,000D.$63,000 |
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| 16. |
Average profit =total profit divided by |
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| 17. |
Fair value of each equity share |
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Answer» SORRY don't have TIME sorry for DISAPPOINTMENT |
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| 18. |
कच्चा माल तयार करण्यासाठी खरेदी केलेले भाग यांचे विक्रीसाठी तयार वस्तू मध्ये रूपांतर करण्याची प्रक्रिया म्हणजे |
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Answer» हम नही जानते हैं Explanation: हम नही जानते हैं |
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| 19. |
ROHIBITEDIn Company Final Accounts, Interestpaid is treated as a |
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Answer» Answer: Accounting Treatment The Interest on Capital has the following TWO EFFECTS on the final accounts: This is an EXPENSE of the business, which will be recorded on the debit side of the Profit and LOSS Account. Also, it is the income of the owner, which will be added to the Capital Account in the Balance Sheet. |
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| 20. |
from the following information calculate the subscription to be credited to the income and expenditure account for the year 2017-18 : subscriptions received during the year rupees 50,000 subscriptions outstanding as on 31st March 2017 Rupees 6000 out of which rupees 2,000 is received during the year subscription outstanding is on 31st March 2018 rupees 8000 subscription received in advance as on 31st March 2018 rupees 5000 |
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Answer» following information CALCULATE the SUBSCRIPTION to be CREDITED to the income and expenditure account for the year 2017-18 : subscriptions received during the year rupees 50,000 subscriptions outstanding as on 31st March 2017 Rupees 6000 out of which rupees 2,000 is received during the year subscription outstanding is on 31st March 2018 rupees 8000 subscription received in advance |
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| 21. |
In company final account provision for tax is shown under |
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Answer» Answer: The provision for INCOME TAXES on an income statement is the amount of income taxes a company ESTIMATES it will pay in a given year.In the BALANCE sheet of bank it SHOWN under the head other Liabilities and Provission. |
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| 22. |
if the opening written down value of a machine is 500000 find the value of depreciation at 10% for the current year |
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Answer» Explanation: It is given that PRESENT value = 500000 REDUCED value = 364500 Rate of depreciation = 10% p.a. Consider N YEARS as the period We know that A/P = (1−r/100) n
Substituting the VALUES 364500/500000=(1−10/100) n
By further calculation (9/10) n =729/1000=(9/10) 3
So we get n=3 Therefore, the period in which its value be reduced to 364500 is 3 years. |
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| 23. |
How much amount will be shown in Income and Expenditure A/c in the following case: 2019(Rs.) 2020(Rs.) Creditors for medicines. 10,000 12,000 Stock of Medicines. 8,000 13,000 Payment made for Medicines during 2019-20 was Rs. 2,50,000 |
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Answer» GYXDVGHHYHGFY gnjjbjuhvfhhjjvfhnhjhggnhhhffgbcfvvvhhh Explanation:
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| 24. |
Accounting for Plant & Machinery isdone as per |
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Answer» Answer: AS 10 Property, Plant and Equipment PRESCRIBE the accounting TREATMENT for properties, P&E (Plant and Equipment) so that the users of financial statements could recognize and appreciate the information about the investment MADE by any enterprise in property, P&E and the also understand the CHANGES made in such ... |
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| 25. |
Goods supplied by H.O. but not received by branch are called as ______________. |
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Answer» DEBIT acc Explanation: |
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| 26. |
Capitalised profit = Profit : |
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Answer» Answer: Step 1: Calculate average estimated profits Step 2: Calculate the capitalised average profits Step 3: Calculate the value of Actual capital EMPLOYED or net assets of the business Step 4: Calculate goodwill by SUBTRACTING the actual capital employed from the capitalised average profit Explanation: NORMAL profit = Capital employed x Normal rate of return / 100 = 5,00,000 x 15 / 100 = 75000 Super profit = Average profit – Normal Profit = 90000 – 75000 = 15000 Goodwill = Average of annual super profit x 100 / Normal Rate of return = 15000 x 100 / 15 = 100000 |
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| 27. |
In Consignment Accounting, if discount is treated as "Consignment expenses" It is debited to __________ * |
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Answer» Explanation: To this ACCOUNT, goods sent to the consignee are DEBITED at cost; expenses incurred by the consignor in despatching the goods are also debited. On RECEIPT of the account sales from the consignee, the gross sale PROCEEDS will be credited, the consignee's expenses and commission being debited to the consignment account. |
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| 28. |
Commission will be shared by _____________ * |
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Answer» COMMISSION will be SHARED by COMPANY |
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| 29. |
_________of shares meansdetermination of the fair value ofthe shares shown in the balancesheet.(fill in the blanks) |
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Answer» Answer: Use respectable FINANCIAL news and find the last closing PRICE for the stock you want to BUY. Say, you want to buy 100 SHARES of some company and the last closing price of theirstocks was $30. The fair value of 100 shareswould be 100 x 30 = $3,000. |
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| 30. |
In Company Final AccountsContribution to EmployeesProvident Funds treated as |
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Answer» This ENTIRE contribution GOES to the EPF account of the EMPLOYEE. |
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| 31. |
When branch has paid some cash on behalf of the Head Office, for purchases made by H.O, the books of head office is debited by: * |
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Answer» Answer: The head office must, however, present one consolidated balance SHEET for the BENEFIT of the shareholders and the outside WORLD. The head office will MAINTAIN, in its books, “Branch Account” to which goods or cash sent will be debited: When cash is received from the branch, the Branch Account will be credited. |
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| 32. |
Esults of operations and oassets of a subsidiary ambaInterests which are not owndirectly or indirectly throughsubsidiary(ies), by the parent |
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| 33. |
Which account is prepared to know cash purchase or cash sales? *Creditor’s AccountTrading AccountCash A/cDebtor’s Account |
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Answer» Answer: Trading Account is prepared to know CASH PURCHASE or cash SALES |
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| 34. |
Experience incurred by consignee on goods received on consignment are borne by_____ |
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Answer» GOVERNMENT and PRESIDENT |
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| 35. |
1.prime(II) Long Numerical Questionsproduction departmentsA company has four departments, out of which A, B and C areservice department. The following are the costs for a period of 3 months pertainingdepartments :RentRepairDepreciationLightSupervisionInsuranceEmployee's Insurance paid by EmployerPowerThe following data are also available for the four departments :Dept. ADept. B75Area sq. ft.128No. of workers* 4,000Value of plant* 12,000 9,000* 7,5004,500Value of stockDept.553,0004562,0006,000Total wagesMake the apportionment of the cost to the various departments on the most equitable |
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Answer» you can GET it!!!!!!!!! |
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| 36. |
हु आर द राइट शेयर इश्यू दो |
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Answer» A RIGHTS ISSUE is an OFFER to the existing shareholders to purchase additional shares of the company at a discounted price. ... The offer is made to the existing shareholders and not to the general public. It is the right of the shareholder and not an obligation to BUY the additional shares. |
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| 37. |
Particulars1.1.201831.12.201₹₹5,03,000Outstanding subscription4,0007,0Subscription received in advancereceived during the year 2018: 45,000.(Ans: Income and Expenditure A/c: SubscC 74 II |
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Answer» Answer: 1.1.2018 31.12.201 ₹ ₹ 5,0 3,000 Outstanding subscription 4,000 7,0 Subscription RECEIVED in advance received during the YEAR 2018: 45,000 |
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| 38. |
Misapropriate cash sales should be? |
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Answer» this is your CORRECT answer Explanation: |
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| 40. |
The global key professional accounting body is |
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Answer» Answer: The Chartered Institute of Management Accountants (CIMA) is the WORLD's LARGEST and leading professional body of management accountants. Explanation: hope it helps |
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| 41. |
XYZ company has preferred stock that has an annual dividend of $5.If the current market price of a preference share is $30. What is the cost of preference share |
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Answer» Answer: Preferred Share ANNUAL DIVIDEND Formula To FIND the annual dividend, multiply the par VALUE by the dividend rate. For EXAMPLE, if thepreferred shares have a par value of $50 and adividend rate of 6 percent, multiply $50 by 0.06 to find that the preferred share pays a $3annual dividend. |
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| 42. |
find out opening stock purchase rs 2,00000 wages rs 20000 sales rs 260000 closing stock rs 30,000 gross profit rs 26000 |
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Answer» Explanation: NET Sales =Cost of good sold + GROSS Profit 2,60,000 =Cost of good sold + 26,000 Cost of good sold = 2,60,000-26,000 Cost of good sold = 2,34,000 Cost of good sold =OPENING Stock + PURCHASES + WAGES - Closing Stock 2,34,000 =Opening Stock + 2,00,000 + 2 0,000 - 30,000 opening stock =2,34,000 - 1,90,000 opening stock = 44,000 |
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| 43. |
The type of industry which creater immorable |
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Answer» Answer: Businesses or companies related to construction work or to the CREATION of immovable wealth are categorised as construction industry,Thus BUILDING of DAMS is an activity done under secondary industry Explanation: HOPE it helps |
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| 44. |
Declaration of divided is govermend by |
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Answer»
LEGAL REGIME. Section 205 of the Act regulates the declaration and distribution of DIVIDEND. All the companies which have share CAPITAL other than section 25 companies and make profit are bound by law to declare and distribute dividends.
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| 45. |
As per indian gaap, financial statements are presented at |
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Answer» Answer: 10A An entity SHALL present a single STATEMENT of profit and loss, with profit or loss and other comprehensive income presented in TWO sections. The sections shall be presented TOGETHER, with the profit or loss section presented FIRST followed directly by the other comprehensive income section. |
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| 46. |
Accounting standards -14 deals withrevenue recognitiondepreciation accountingaccounting for amalgamation which is correct options |
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Answer» ACCOUNTING for AMALGAMATION is the answer. |
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| 47. |
Accounting standards means |
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Answer» Answer: generally accepted accounting principles Accounting STANDARDS are authoritative standards for financial reporting and are the primary source of generally accepted accounting principles (GAAP). Accounting standards specify how transactions and other events are to be recognized, measured, presented and disclosed in financial statements. FOR EXAMPLE Some common examples of accounting standards are segment reporting, GOODWILL accounting, an allowable method for depreciation, business COMBINATION, lease classification, a measure of OUTSTANDING share, and revenue recognition. |
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| 48. |
Profit prior to in corporation is to be trasted as |
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Answer» Answer: Thus, any profit/loss made before the incorporation is KNOWN as “Profit (Loss) Prior to Incorporation” which is TREATED as a capital profit and the same cannot be distributed as BUSINESS profit. ... The same is to be TRANSFERRED to Capital Reserve or may be ADJUSTED against Goodwill. Hope it helps yah!! |
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| 49. |
Find Simple Intrest:principal-1200time-1 yearrate-4% |
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Answer» Answer: see the solution in the picture Explanation: PLS MARK me as BRAINLIEST |
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| 50. |
Account standard 6 deal with |
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Answer» Depreciation Accounting defines depreciation as a measure of the wearing out consumption or other loss of VALUE of a depreciable asset arising from use, effluxion of TIME or OBSOLESCENCE through TECHNOLOGY or MARKET changes. 6. |
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