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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. |
What is EOQ value calculate step by step |
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Answer» Answer: Determine the demand in units. Determine the order cost (incremental cost to PROCESS and order) Determine the holding cost (incremental cost to hold ONE unit in INVENTORY) MULTIPLY the demand by 2, then multiply the RESULT by the order cost. Divide the result by the holding cost |
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| 2. |
Aaj ka sawaal...A very simple but confusing puzzle.A lady buys grocery worth Rs.350 from a shop. (shopkeeper selling the goods with zero profit)The lady gives him 2000 rs note. The shopkeeper gets the change from next shop, keeps 350 for himself and returns Rs.1650 to d lady.Later the shopkeeper of the next shop comes with the Rs.2000 note saying "duplicate" and takes his money back."How much LOSS did the shopkeeper face ?"PLS GIVE AN EXPLANATION WITH UR ANSWERA. 350B. 1650C. 2350D. 3650E. 4000F. Other(Specify Amount)Simple yet confusing n challenging.IF POSSIBLE PLS EXPLAIN THE ANSWER SIMULTANEOUSLY |
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Answer» SHOPKEEPER had the LOSS of RUPEES 2350 |
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| 3. |
How overvalued opening stock affect the profit |
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Answer» hehrhrehjejrjrufufuvuvuibigigiriririririrrjjrrjjrbtbtbtbttntjffkfkfgivv Explanation: FHE the dnrnfnjfjfcjviivuvufiirrijrjrbrbtbttbrhjrjrififigughfuugifirrjrjhrfjnrjtjff |
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| 4. |
18. Quick Assets * 1,50,000; Inventory (Stock) * 40,000; Prepaid Expenses 10,000; Working Capital 1,20,000.Calculate Current Ratio. |
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Answer» Answer: 2.5 times Explanation: CURRENT asset=1,50,000+40,000+10,000=2,00,000 current liabilities=current asset-working capital =2,00,000-1,20,000=80,000 current ratio=CA/CL=2,00,000/80,000=2.5times |
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| 5. |
17. From the following information, calculate Liquid Ratio:ParticularsParticularsCurrent AssetsInventoriesPrepaid Expenses2,00,00050,00010,000Trade ReceivablesCurrent Liabilities1,10,00070,000 |
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Answer» Explanation: Dr. Particulars amount Current ASSETS 200000 Inventories 50000 Prepaid expenses 10000 Cr. Particulars amount Trade RECEIVABLES 110000 Current LIABILITIES 70000 |
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| 6. |
Sucheta & Gayatri are Partners sharing Profit and Losses in the ratio 3:2. From thefollowing Trial Balance and additional information you are required to prepare Trading and Profit and Loss Account for the year year ended 31st March 2019 and Balance Sheet as on that date.Trial Balance as on 31st March, 2019 Particulars Debit ` Credit `Purchases & Sales 65,000 1,85,500Works Manager's Salary 2,300Capital - Sucheta 75,000 - Gayatri 40,000Opening Stock 18,700Debtors & Creditors 47,500 35,000Wages & Salaries 4,000Bills Receivable 22,000Bills Payable 27,300 Discount 400Motive Power 1,350 Custom duty 1,500Interest 1,300Unproductive Wages 3,000 Audit fees 2,500 Rent 1,800 Conveyance 2,000 Goodwill 25,000Copyrights 20,000 Building 88,000 Partner (Sucheta's) Loan 6,150Investments 40,000 Cash at Bank 26,0003,70,650 3,70,650Adjustments :1) Stock on 31st March 2019 was valued at ` 19,700. 2) Goods costing ` 3,000 distributed as free sample. 3) Motive Power includes ` 500 paid for deposit of Power Meter. 4) Depreciate Building @ 5%. 5) Write of ` 2,000 for Bad debts and maintain R.D.D at 3% on Debtors. 6) Bills Receivable included dishonoured of Bill of ` 4,000. |
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| 7. |
One liquidation and one formation of company is known as |
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Answer» not INTERESTED SORRY YAR |
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| 8. |
What is liquid ratio |
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Answer» Finance, the quick ratio, also known as the acid-test ratio is a TYPE of LIQUIDITY ratio, which MEASURES the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. |
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| 9. |
38. A and B are partners sharing profits and losses in the ratio of 3:2. They invested capitals of21.00.000 and 50,000 respectively. Compute interest on capital and show distribution of profitsin each of the following alternative cases:(1) If the partnership deed is silent with regards to interest on capital and the profits forare 8,000.(m) If the partnership deed provides for interest on capital @ 5% p.a. and the profits for the yearare 7.500.(1) if the partnership deed provided for interest on capital @ 5% p.a. and the profits for the yearare *9.000.m # the partnership deed provided for interest on capital @ 5% p.a. losses for the year are6.000.(v) If the partnership deed provided for Interest on Capital @ 5% and the profits for the vear are*3.000(vi) If the partnership deed provides for Interest on Capital @ 5% p.a. even if it involves the firmin loss and the profits for they year are 5,000.An interest |
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Answer» Profit And Loss Account Particulars AMOUNT Particulars Amount To MANAGER;s commission (15000*5/100) 750 By profit before B's Salary (12500+2500) 15000 To Net profit T/f to P/L Appropriation Account 14250 Total 15000 Total 15000 Profit And Loss Appropriation Account Particulars Amount Particulars Amount To Interest on capital A = 50000*6% = 3000 B=30000*6% = 1800 4800 By net profit 14250 B's Salary 2500 To profit T/f to A's Capital A/c = 4170 B's Capital A/c = 2780 6950 Total 14250 Total 14250
Partners capital account Particulars A B Particulars A B By bal b/d 50000 30000 By Int on capital 3000 1800 salary 2500 To bal c/d 57170 37080 By P/L Appr A/c 4170 2780 Total 57170 37080 Total 57170 |
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| 10. |
नीतिशास्त्र की प्रकृति पर प्रकाश डालिए। |
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Answer» नीतिशास्त्र मान्यताओं का विज्ञान है क्योंकि वह आचरण अथवा व्यवहार के उन रूपों की खोज करता है जो नैतिक दायित्व से जुड़े होते हैं. नीतिशास्त्र किसी घटना से सम्बंधित होता है जिनको वह नैतिक मान्यताओं के अनुसार निरीक्षण, वर्गीकरण तथा व्याख्या करता है. |
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| 11. |
नीतिशास्त्र की परिभाषा देते हुए अवधारणा को समझाइए। |
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Answer» नीतिशास्त्र मानव आचरण में सही या गलत क्या है इसका अध्ययन है। ... यूनानी शब्द Ethikos से उत्पन्न नीतिशास्त्र (ETHICS) दर्शनशास्त्र की वह मुख्य शाखा है जो समाज द्वारा प्रतिस्थापित मानंदड एवं नैतिक सिद्धांतों के परिप्रेक्ष्य में उचित और अनुचित मानवीय कृत्यों एवं आचरण का अध्ययन करता है |
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| 12. |
Income and expenditure account records what items |
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Answer» Answer: hey guys here is your answer Income and EXPENDITURE Account is PREPARED on an accrual basis. All incomes and expenses relating to the accounting year, WHETHER they are ACTUALLY received and paid or not, are taken into consideration. Expenditure is recorded on the debit SIDE and income is recorded on the credit side. |
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| 13. |
Beena who owed rs 1500 is declared insolvent and 65 paisa in a rupee is received |
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Answer» Answer: 975 RECEIVED |
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| 14. |
An income statement for the year end |
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Answer» It always shows a company's revenues and expenses for a period no longer than one year. ... When a business REACHES its year end, all revenue and expense accounts are REDUCED to ZERO and new expenses and revenues BEGIN to accumulate |
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| 15. |
In a business p puts 20000 and q puts 30000 they receive 5000 and 4000 as profit find time for which p capital is used |
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Answer» class and which subject it is I can't understand Explanation: |
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| 17. |
How to find subscription income easily? |
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Answer» ..............????????. |
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| 18. |
Which of the following fractions is equal to 5/6 ? 20/30 b. 15/24 c. 25/30 d. 40/54 |
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Answer» Explanation: because 25=5*5 30=5*6 therefore you GET your answer 25/30= 5/6 |
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| 19. |
What is ambitious in student life? |
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Answer» the AMBITIOUS in the STUDENT LIFE is to READ will and be proued of him or she |
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| 20. |
What is theamount of sales, purchase and closing stock |
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Answer» PURCHASE +opening stock -CLOSING stock =COST of goods sold.. |
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| 21. |
Q-3 Prepare accounting equation from the following:-1. Started a business with cash Rs 1,00,000 and goods Rs 20,000.2. Sold 50% of above goods at a profit of Rs 2,000 on credit to Ram.3. Rent paid Rs 5,000.4. Ram paid 50% of his balance in cash. |
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Answer» Answer: 1) Debit CASH 100000 and Credit Capital Goods Debit and Credit Cash account 2) Cash Debit 12000 and Credit Sales (10000) and Profit on sales credit (2000) 3) Rent PAID Debit and Cash Credit 4) Cash Debit and Ram account credit
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| 22. |
Please answer given below the question |
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| 24. |
1.started business with capital 1,00,0002.bought furniture 25,0003.bought goods for cash 20,0004. bought goods from ram on credit 5,0005. sold goods for cash for 15,0006. sold goods to shyam on credit 8,0007. paid cash to ram 4,0008. received cash from shyam 5,0009.paid cash to bank 25,00010.withdrawn from bank 10,000 |
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| 25. |
1) Accounting records all_______. (2) the person responsible for the maintenance of account is known an_______.(3) a transaction is________.(4)an example of current assets is ________.(5) is there is a profit, the capital _________. |
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Answer» Answer: 1 Transaction 2 Accountant 3 RECEIVING or spending money 4 STOCK/ debtor |
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| 26. |
Why is there need for every business msn to prepare book of accounts? |
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Answer» Answer: Recording of every transaction: Every business transaction whether it is a purchase or sale, EXPENSES or income, payment or receipt MUST be RECORDED on DAILY basis into the books or accounting system, because recording of every transaction says we are PREPARING adequate and complete books of account. |
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| 27. |
From the information given below drakreceipts and payment for Delhi for theyear ended December 31, 1992Cash on 1.1.92 Rs. 440.Subscriptions Rs. 3760Donations moto Rs. 8.00Entrance fees Rs 430rent realised from hall Rs. 525Electric charges Rs. 344TaxesRs, sosalaries and wages Rs. 2150Honoranium to secretary Rs, 250Interest recerred on InvestmentsPrinting and stationery Rs. 35Petty cash payments Rs. 90Insurance Premium paid Rs. 31 |
| Answer» ADD all of them this MAY LEAD you to your CORRECT ANSWER | |
| 28. |
What do mean by perquisites in income tAx |
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Answer» Explanation: PERQUISITE” may be defined as any casual emolument or BENEFIT attached to an office or position in addition to SALARY or wages. “Perquisite” is defined in the section 17(2) of the Income tax Act as including: (i) Value of rent-free/concessional rent ACCOMMODATION provided by the employerbrainliest please |
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| 30. |
If trial balance total do not agree the difference must be entered in.? |
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Answer» Answer: posting TRANSACTIONS from PRIME entry books to ledger Explanation: when the transactions posting there can be some mistakes like the VALUE can be change when it is posted to ledger I think this answer will help u WISH u good luck! |
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| 32. |
Purchase good of 8000 less 25% trade discount and 10% cash discount from patil and paid him have the amount due |
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Answer» ₹5400 Explanation: Trade discount know at the TIME of purchase only and no entry for trade discount. 8000(-) 25%= 6000 is the VALUE of goods. Cash discount is given when you pay your debts fast or paying FULL amount in a single payment. you should pass entry for cash discount. 6000 (-) 10%= 5400. |
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| 33. |
Who is higher in post,convenor or co-convenor |
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Answer» convenor Explanation: nxnxnxjxjxjsjsshshshgsshshshhshshshxxnxnxjdjsjxjxjxjjjsjshshsbswhuhbhcnnccnn N H h U |
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| 34. |
What is the amount of capital with which mr.sunrise started business. |
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Answer» The AMOUNT of CAPITAL with which Mr. sunrise STARTED business was 5,000,00 |
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| 35. |
Explain all the three levels of management and their functions separately |
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Answer» The three levels of management provide a separation between the managerial positions of the organization. The administrative RANK of an organization worker determines the extent of authority, the status enjoyed and the chain of command that can be controlled by the worker. There are three levels of management found within an organization, where managers at these levels have different roles to perform for the organization to have a smooth performance, and the levels are: Top-LEVEL Management/ Administrative level Middle-Level Management/ Executory Low-level Management/ Supervisory The levels of Management and Their Functions are Discussed Below: 1. Top Level Management Top-Level Management is also referred to as the administrative level. They coordinate services and are keen on planning. The top-level management is made up of the Board of Directors, the Chief Executive Officer (CEO), the Chief Financial Officer (CFO) and the Chief Operating Officer (COO) or the President and the Vice President. The Top-level management controls the management of goals and policies and the ultimate source of authority of the organization. They apply control and coordination of all the activities of the firm as they organize the several departments of the enterprise which would include their budget, techniques, and agendas. Top-level management is accountable to the shareholders for the performance of the organization. There are several functions performed by the top-level management, but three of them are the most important, and they are: To lay down the policies and objective of the organization Strategizing the plans of the enterprise and aligning competent managers to the departments or middle level to carry them out. Keeping the communication between the enterprise and the outside world. 2. Middle Level of Management Middle-level Management is also referred to as the executory level, they are SUBORDINATES of the top-level management and are responsible for the organization and direction of the low-level management. They account for the top-level management for the activities of their departments. The middle-level managers are semi- executives and are made up of the departmental managers and branch manager. They could be divided into senior and junior middle-level management if the organization is big. They coordinate the responsibilities of the sub-unit of the firm and access the efficiency of lower-level managers. The middle-level managers are in charge of the employment and training of the lower levels. They are also the communicators between the top level and the lower level as they transfer information, reports, and other data of the enterprise to the top-level. Apart from these, there are three primary functions of the middle-level management in the organization briefed below: To carry out the plans of the organization according to policies and directives laid down by the top-level management. To organize the division or departmental activities. To be an inspiration or create motivation for junior managers to improve their efficiency. 3. Lower Level of Management The lower level Management is also referred to as the supervisory or the operative level of managers. They oversee and direct the operative employees. They spend most of their time addressing the functions of the firm, as instructed by the managers above them. The lower-level managers are the first line of managers as they feature at the base of operations, so they are essential personnel that communicates the fundamental problems of the firm to the higher levels. This management level is made up of the foreman, the line boss, the shift boss, the section chief, the head nurse, superintendents, and sergeants. They are the intermediary, they solve issues amidst the workers and are responsible for the maintenance of appropriate relationships within the organization. They are also responsible for training, supervising and directing the operative employees. The lower level managers represent the management to the operative workers as they ensure discipline and efficiency in the organization. The duty of inspiration and encouragement falls to them, as they strengthened the workforce. They also organize the essential machines, tools and other materials REQUIRED by the employees to get their job done. |
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| 36. |
Rs 12000 each withdrawn at the end of each month. calculate interest on [email protected] % p.a |
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Answer» gucbfbcj F no f s C Jybxjnddjd Explanation: |
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| 37. |
What are the salient features of joint ventures? Explain |
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Answer» Answer: There are several occasions when businesses face difficulties LIKE shortage of funds or lack of technological knowledge. This GENERALLY happens during the diversification of a product line or entry into a new market. Joint VENTURES can PLAY a HUGE role in these situations. Before we understand how joint ventures function, let’s first figure out the meaning of joint ventures. |
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| 38. |
Monthly Contribution By A Person For Becoming A Member Of Charitable Trust Is Called_________ * |
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Answer» Answer: subscription because it HELPS MEMBERS to MAINTAIN their MEMBERSHIP |
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| 39. |
Given the W.D.V of an asset after two years of deprication after reducing balance method @15% p.a is 49130 . What was it original value |
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| 40. |
A company issued 12% debentures atpar for Rs 2,00,000 compete the after tax cost of debentures assumingthe tax rate at 30%please answer |
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Answer» Answer: 50000 Explanation: |
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| 42. |
Please answer immediately. |
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| 43. |
Paid rent by debit card what is the the journal entry |
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Answer» Answer: ASSUMING you have not prepaid any rent for the next X amount of months,and are just paying as you go, it would be a debit to Rent Expense and a credit to CASH. ... So when that advance rental PAYMENT was made, the journal entry would have been a debit to Prepaid Rent and a credit to Cash.Explanation: Follow me and Mark as Brainlist ♥️✔️☺️ |
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| 44. |
Credit balance of profit and loss account means |
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Answer» Answer: Under the 'double entry' accounting CONVENTION, income ITEMS in the Profit and LOSS account are Credits (CR) and EXPENSES are Debits (DR). A net profit is a CREDIT in the Profit and loss account. A net loss is a Debit in the Profit and loss account. plz mark me as brainliest plz |
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| 45. |
Pass rectification entries assuming suspense account is opened .debit balance of comission of RS 450 was omitted from trail balance |
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Answer» to suspence ACCOUNT |
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| 46. |
Please help me to solve this question |
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Answer» Answer: 5+3+4+(1+8) =21 3+5+3+(6+5) =22 9+6+3+(5+0) =23 |
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| 47. |
Khyati see kya ahasyahey likhiye |
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Answer» Answer: Heya SWEETY PLEASE write UR question in EnglishThanksFOLLOW me❤️❤️✌️✌️Mark my answer as BRAINLIST ❤️❤️❤️❤️❤️❤️ |
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| 48. |
3+2+4=65, 8+2+5=54, 1+6+7=? explain...option 1) 60 2) 58 3) 68 4)62 |
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Answer» I don't no |
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| 49. |
The amount to be paid at the end of 4 years in each casePrincipal 1,600 at the rate of 8% per annumPrincipal 24,000 at the rate of 4% per annum |
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Answer» Answer: 1600×4 PERCENT =512 |
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| 50. |
Financial data for Safety Hire as of 30 June 2019 are:$ 63000170 00040000Accounts receivableEquipment hire incomeAcoounts payableMichael Donato capitalCash at bankMortgage payableBuildingWages expenseAdvertising expenseLandHire equipmentLoan payableElectricity expenseTelephone expense$ 7500030 00075000180 00050000180007 5004500013000085000Required:Prepare an income statement for the month of June and a balance sheet in account formatfor Safety Hire as at 30 June 2019. I want proper answer in detail |
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Answer» What's your QUESTION? |
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