Saved Bookmarks
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. |
042Under the gross working capital concept the working capital is equal toO Liquid fundsO Total current assetsO Surplus current assetsO Total current liabilitiesh |
Answer» TOTAL CURRENT liabilities is the correct answer .Explanation: Mark me as brainlliset. |
|
| 2. |
Where the deficiency account is come on final account |
|
Answer» Explanation: an ACCOUNT SUPPLEMENTING the BALANCE sheet of a financially weak enterprise showing estimated realization values of assets and their insufficiency to meet creditors' claims and OCCASIONALLY indicating the CAUSES of the difficulty. |
|
| 3. |
1. Give answer as per instruction:(1) From the following information calculate total sale made by Roshani and writejournal entry in the book of Chandni.1. In total credit sale, 5% sale is recommendation sale.2.32500 is bad debt at 10% of credit sales of recommendation.3. Cash sale is 1/5 of total sales.(2) Ruchi and Prachi entered into a joint venture involving the buying 3 and sales todolls. From the following information find out cost of sales and purchase price ofdolls.Sales made by Ruchi amounted to 1,41,660. Whenever sales made by Prachiamounted to 1,01,340.unsold dolls were taken over by Ruchi and Prachi for10800 and 316200 respectively. With profit these goods taken over at 33%% oncost price of gross profit that was realized on total sale. |
|
Answer» thanxforfreepoints.. |
|
| 4. |
Received cheque from My/S.Sharda and co. in full settlement of amount due from them Telling the journal entry |
|
Answer» Answer: Bank account. DR To M/S sharda & CO. |
|
| 5. |
Why interest on drawings is not paid in cash plz explain..? |
|
Answer» INTEREST on drawings is to be charged if the PARTNERSHIP deed does not specify the rate of interest chargeable on drawings.Cash or Goods withdrawn by a proprietor from the business for their personal USE is labelled as drawings. ... Interest on drawings is an income for the business, HENCE, it is added to the interest account of the FIRM thereby increasing the total income of the business. |
|
| 6. |
Although company is an artificial person, it is not registered as a |
|
Answer» thanxforfreepoints.. |
|
| 7. |
An___is formal record of all transactins relating to change in a particular item |
| Answer» | |
| 8. |
Basic accounting terms 1.sales2.expenditure |
|
Answer» Answer: BASIC Accounting Terms Accounts Payable. Accounts payable refers to the money a business owes to its suppliers, VENDORS, or creditors for goods or services BOUGHT on credit. ... Accounts Receivable. ... Accounting Period. ... Accruals. ... Accrual BASIS Accounting. ... Assets. ... Balance Sheet. ... Capital. |
|
| 10. |
kailan natalo ang hukbong and cadiz, at sapin kelan ginanap a.agosto 9 1868 b.agosto 19 1868 c.septyembre 9 1869 d.septyembre 19 1868 araling panlipunan subject |
|
Answer» Answer: Hi my NAME is Aarish Qureshi from LEXICON INTERNATIONAL school wagholi PUNE class 8A |
|
| 11. |
The ratio of 3: 2:6. (Ratio of CIQ. 12. Het, Heet and Himesh were carrying on business in partnership. The profit sharing proportionwas 5:3 : 2 respectively. Their Balance Sheet as on 31st March, 2019 was as follows:Balance Sheet as on 31st March, 2019AmountAmountAmountAmountAssetsLiabilities47.50012,80028.000Sundry CreditorsHeet's LoanBils PayableBank OverdraftCapital A/cs:Het18.00040.500 Plant and Machinery24,500 Investments27.000Stock54.000 Sundry DebtorsLess : ProvisionGoodwillCash53.500 Profit and Loss A/C1,00017,00025.30026.75023,900Heet10,00016.75045.000Himesh1,99,5001.99.500On this date the firm was dissolved and the assets realised as follows:Plant and Machinery having become obsolete, could realise only 10,000, Investments realised 8,000Stock sold for 10,000. Goodwill realised nothing. Only 50 % of Debtors could pay their dues in fulland remaining turned out as bad. Expenses of realisation incurred 2,400. All partners becameinsolvent. Partnership firm could recover only 1,000 from Himesh's estate. Het could pay * 10,000and Heet 4,000 from their respective private properties.Close the books of the firm by preparing relevant Ledger Accounts. |
|
Answer» Answer: Cells in SERIES. Positive terminal of a cell is connected to another cell NEGATIVE terminal is called series CONNECTION of battery. In this way many cell can be connected in series. In other words if some cell are connected with one common POINT is called series connection ) |
|
| 12. |
भारताचे पंतप्रधान kon ahe |
|
Answer» NARENDRA Modi Explanation: पंतप्रधान, भारताच्या मंत्रीमंडळाचा व संसदेमधील बहुमत मिळालेल्या राजकीय पक्षाचा नेता आहे. ... नरेंद्र मोदी हे भारताचे विद्यमान पंतप्रधान आहेत. |
|
| 13. |
A retailer purchases an air-conditioner for ₹35000 from a company. He sold it to a consumer at a profit of ₹5000, calculate the tax liability of the retailer, if the gst rate on air - conditioner is 28 % .ans : ₹1400 |
|
Answer» Answer: ₹ 1400 is the TAX liability. Explanation: Input GST = ₹(28 % of 35000)
Input tax credit = ₹ 9800 Selling price = ₹(35000 + 5000)
Output GST = ₹(28 % of 40000)
Tax liability = Output GST - Input tax credit
|
|
| 14. |
20.10: What preliminary steps ought to be taken by asstarting on with the task of collection of dataTo make collection of data smooth and resultfor a statistician to carry out some preliminarystatement giving details about these stepsinn is primarily done by the |
|
Answer» starting on with the task of collection of data To make collection of data smooth and result for a statistician to carry out some preliminary statement GIVING details about these steps inn is primarily |
|
| 15. |
free samples of ₹1000 were distributed during the year for which no enter appeared in the books (journal entry) |
|
Answer» Goods distributed as free SAMPLES are products GIVEN away by a business usually for promotional reasons. The goods distributed as free samples do not have a sales value and therefore cannot be RECORDED in the accounting RECORDS as sales. The free product samples do however have a cost which NEEDS to be removed from the cost of sales account and recorded as an expense. The expense account used will depend on the reason the goods were distributed as free samples and might include for example sales and marketing, promotion, advertising, charity or simply a free samples expense account. |
|
| 16. |
When you deposit cash in bank your cash balance.... and bank balance.... |
|
Answer» Answer: balance and BANK balance take it responsibility for CHARTERED ACCOUNTANTS |
|
| 17. |
Rent of computers will be recorded where in the trading profit or loss account,is it debit or credit side? |
|
Answer» Answer: |
|
| 18. |
Calculate the following when Fixed Cost is Rs. 1,60,000 and Variable Cost is 60% of Sales: i) P/V Ratio ii) B.E.P. iii) Margin of Safety when the sales are 8,00,000 iv) Profit for the sale of Rs. 4,40,000 v) Sales to earn a profit of Rs. 20,000 |
|
Answer» thanxforfreepoints.. |
|
| 19. |
Bought goods from Ram Rs. 10,000 @ 5% GST . Calculate the amount payable to him |
|
Answer» Purchase Dr 10000 Input GST Dr. 500 To Ram. 10500 |
|
| 20. |
Accounting is starated when_________is an end |
|
Answer» ACCOUNTING STARTED when book keeping is an end |
|
| 21. |
journalise the following transactions in the books of m/s Raju traders dec.2020. 1. started business with cash Rs 200000. 2.bought office furniture for Rs.0000. 3.bought goods on credit from royal traders Rs 60000. 4.cash sales Rs.40000. 5. paid salary Rs.5000 |
|
Answer» only_for_fun_vum-pthr-kyc |
|
| 22. |
16.Sanjay says, “I have as many sisters as brothers.Sarita says. “Each of us sisters has only half as manysisters as brothers.” Assuming that Sanjay and Saritaare brother and sister, how many brothers and sisterare there in the family?(FMS 2010]1) 6 brothers and 4 sisters 2) 4 brothers and 6 sisters3) 3 brothers and 4 sisters 4) 4 brothers and 3 sisters5) None of these |
|
Answer» Answer: 3rd OPTION is correct |
|
| 23. |
Marginal costing technique helps the management in deciding |
|
Answer» Answer: ADVERTISEMENTS: Marginal costing helps management to DECIDE whether the firm should itself MANUFACTURE a component part or buy it from an OUTSIDE firm. This is particularly so when a component part is available in the market at price below the firm's own cost. Marginal costing is the most powerful and popular technique in aid of managerial decision making. As ALREADY seen, it reveals the cost, volume profit relationship in all its ramifications which is useful in profit planning, selling price determination, selection of optimum volume of production, etc. Hope's its helps you :) please MARK me as brainlist :) |
|
| 24. |
Rent is divided in _______ ratio while calculating pre incorporation profit |
|
Answer» Rent is divided in TIME ratio while CALCULATING PRE INCORPORATION profit |
|
| 25. |
O Salary and Commission to a Partner20. Gopal and Kalu share profits equally. Gopal is entitled to a salary of 32,000 per month andtogether a commission of 10% of net profit before charging commission. Kalu is entited to asalary of 20,000 p.a. and also a commission of 5% on the profits after charging the commissionand salary. The profits during the year ending March, 31, 2015 were 31,84,000. Distribute theprofits between Gopal and Kalu.Ans. Commission to Gopal 14,000, Kalu 6,000, Net Profit * 1,20,000. Share of Profit : Gopal* 60,000, Kalu 60,000] |
|
Answer» Answer: आप का मतलब यह था: O Salary and COMMISSION to a Partner 20. Gopal and KALU SHARE profits equally. Gopal is entitled to a salary of 32,000 per month and together a commission of 10% of net profit before charging commission. Kalu is entitled to a salary of 20,000 p.a. and ALSO a commission of 5% on the profits after charging the commission and salary. The profits during the year ending March, 31, 2015 were 31,84,000. Distribute the profits between Gopal and Kalu. Ans. Commission to Gopal 14,000, Kalu 6,000, Net Profit * 1,20,000. Share of Profit : Gopal * 60,000, Kalu 60,000] "on" (और इसके आगे के शब्दों) को अनदेखा कर दिया गया है क्योंकि हम क्वेरी को 32 शब्दों तक सीमित रखते हैं. ImageBrainly ऐप्लिकेशन · इंस्टॉल किया गया O Salary and Commission to a Partner20. Gopal and Kalu share ... 23 मिनट पहले — Gopal and Kalu share profits equally. Gopal is entitled to a salary of 32,000 per month and together a commission of 10% of net profit before charging commission. · इस पेज का अनुवाद करें 19 अग॰ 2019 · 7 जवाब इस पेज का अनुवाद करें 8 वोट ज़्यादा Explanation: please like comment and share THANKS Karen |
|
| 26. |
Goodwill written off is shown under the head _____ as per companies act 1956 |
|
Answer» no |
|
| 27. |
गिव द अकॉर्डिंग इक्विटी फॉर द फॉलोइंग ट्रांजैक्शंस |
|
Answer» Answer: there lived a RICH FARMER in AVERAGE penalty of WEALTH and other |
|
| 28. |
1.Financial Accounting deals witha) Determination of costc) Determination of priceso Determination of profitd) None of the abovede only |
| Answer» | |
| 29. |
2.82 Double Entry Book Keeping--CBSE XII[Ans.: In the absence of Partnership Deed, the provisions of Indian Partnership Act,(a) No interest will be paid on extra capital introduced, (b) Deep canno,Bose and Chatterjee don't agree, (C) No interest will be charged from the8of interest was not agreed, (d) Interest on drawings will not be charges5. A And B are partners since 1st April, 2020, without a Partnership Deed and they introduz*35,000 and 20,000 respectively. On 1st October, 2020, Agave loan of 8,000 to the finagreement as to interest. Profit and Loss Account for the year ended 31st March, 2021 shton15,000 but the partners cannot agree on payment of interest and on the basis of divisionYou are required to divide the profits between them giving reasons for your method.[Ans.: A and Beach gets *7,380 as profit and A gets 240 as6. Harshad and Dhiman are in |
|
Answer» diet hawa I've EMAILED a book dividing my property AMONGST you it is keep it under the ground of my CORD after their death under the |
|
| 30. |
1 point6. Purchase goods from Jaya15000 at 9% trade discount toas per Invoice no. 23:O a) 15000O b) 13500O c) 13650O d) 14000 |
|
Answer» D) 14000 this is✓ answer |
|
| 31. |
When the remaining partners take profit share of the retiring partner in an agreed ratio ?????=_= |
|
Answer» Explanation: Water is very important to the human body. EVERY one of your CELLS, organs and tissues use water to help with temperature regulation, keeping hydrated and maintaining bodily functions. In addition, water ACTS as a LUBRICANT and cushions your joints. DRINKING water is great for your overall health. |
|
| 32. |
There were 450 members in a club each paying an annual subscription of Rs.50 Rs.500 were in arrears as on 31st March.2018.subscription received during 2018-19 were Rs.22,300 including Rs.450 for 2017-18 and Rs.750 for the year 2019-20.calculate the amount of subscription in arrears as on 31st March,2019.Also prepare subscription account. |
|
Answer» SUBSCRIPTION of Rs.50 Rs.500 were in ARREARS as on 31st March.2018.subscription received during 2018-19 were Rs.22,300 including Rs.450 for 2017-18 and Rs.750 for the YEAR 2019-20. calculate the amount of subscription in arrears as on 31st March, |
|
| 33. |
*A partner draws Rs. 500 at the end of each month. The amount of interest on drawings @6% p.a. will be ____*(a) Rs. 360(b) Rs. 165(c) Rs. 195(d) Rs. 180 |
|
Answer» Answer: b). Rs. 165 The AMOUNT of interest on drawings will be Rs. 165 Explanation: Given : • A partner draws Rs. 500 • At the end of each month To find : • The amount of interest on drawings Solution : Total amount withdrawn = 500 × 12 Total amount withdrawn = Rs 6,000 Average Period = 5.5 Interest on drawings = Total amount of drawings × Rate of interest × Average period / 12 Interest on drawings = Therefore, (b). Rs. 165 The amount of interest on drawings will be Rs. 165 |
|
| 34. |
4. A bank account which the1 pointbusinessman prefer to opena) Realb) personalООООc) Nominald) current a/c |
|
Answer» b Explanation: |
|
| 35. |
Q.3. Prepare a petty cash book having analysis columns from thefollowing information.(7 marks)2002 MayRA1 Received from head cashier cash5,3502 Purchased stationery for office use2455. Paid conveyance to sales manager285.10 Paid to miss Mahananda on acoount82514 Purchased revenue stamps16 Purchased furniture for office une1 12817 Pald wages to workmen19. Pald travelling expenses to Mrs. Raj12723 Paid for advertisement41024 Paid telephone bli for April 200260025 Paid petrol bill43828. Paid for tea and coffee served to customers. 240 |
| Answer» | |
| 36. |
2.3. Prepare a petty cash book having analysis columns from thefollowing infomation.(7 marks)RA5.350245285.3252002 May.1 Received from head cashier cash2 Purchased stationery for office se5. Pad conveyance to sales manager10 Paid to miss Mahananda on account14 Purchased revenue stamps16 Purchased fumiture for office une17 Paid wages to wodumen19. Paid travelling expenses to Mrs. Rajni23 Paid for advertisement1 12812741024 Paid telephone bil for April 200260025 Paid petrol bill43828 Paid for tea and coffee served to customers. 240. |
| Answer» | |
| 37. |
(d) () Branch Account (ii) Goods sent to Branch Account (iii) Stock Reser3. The HO sends goods to its branch at a loading of 20% on cost.In The inading is 25% of calon1 |
|
Answer» i can do it ! if U UNDERSTAND then SAY me |
|
| 38. |
2.Ram bought goods from Shyam worth Rs.50,000 at 10% trade discount on 015 May 2017. Ramaccepted a draft issued in his favour by Shyam for the amount due for 90 days. On 03 June2017, Ram expressed his willingness to pay the bill if Shyam could give him a minor relief of7.3% p.a, in payment. Shyam agreed to his proposal and Ram cleared his dues by issuing acheque for the amount. Journalise in the books of Ram and Shyam and show each others' ledgerin other's books.(8) |
|
Answer» ANSWER Purchase BOOK also known as purchase JOURNAL is an accounting ledger in which all credit purchases of trading GOODS are recorded. For EXAMPLE: purchased goods for Rs.10,000 from Ram on credit will be recorded in purchase day book. kindly mark as brainliest hope it helps |
|
| 39. |
Mention two demerits of a company. |
|
Answer» Answer: LACK of personal interest since they are the employees not the owners they do have hardly any personal interest and commitment in the COMPANY this MAY result in inefficiency and in turn loses COOPERATION also have disadvantages compared to propeaterships and partnership when it comes to taxation Explanation: if my answer is CORRECT then please follow me |
|
| 40. |
Give two features of cash flow statement. |
|
Answer» Answer: Features of Cash Flow Statement: It is a periodical statement as it COVERS a PARTICULAR period of time, say, month or year. It shows movement of cash in between TWO balance sheet dates. ... It establishes the RELATIONSHIP between NET profit and changes in cash position of the firm. |
|
| 41. |
Salary account comes under which head |
|
Answer» INDIRECT Expenses Explanation: please mark it as BRAINLIEST pls... |
|
| 42. |
The standard which can be attained under the most favourable condition possible |
|
Answer» Answer: Attainability of STANDARDS, that is, the EASE with which it is possible to achieve the standards, and Frequency with which the standards are revised. 1. Ideal, Perfect, Maximum Efficiency or THEORETIC Standards: 2. Normal Standards: 3. BASIC Standards: 4. Currently Attainable or Expected Actual Standards: |
|
| 43. |
Details of government employee retiring on 31-3-2012 are as follows:Name:R. GhoshDesignation: Station SuperintendentPay: Rs 25000Date of Birth:03.03.1952Date of entry into service: 01.04.1977 Date of ending service: 31.03.2012 Rate of DA declared 125%Leave at credit 350 daysa) Amount of monthly pension, b) Commuted Value of Pension (CVP) considering maximum commutation. [Commutation factor: Age=60 yrs (CF= 8.287), Age=61 yrs (CF=8.194), use whichever is applicable], c) Amount of Gratuity, d) Reduced monthly pension after commutation, e) Amount received as Leave Encashment.(plz can any one solve this problem) |
|
Answer» What's your question Write it down PROPERLY |
|
| 44. |
Supplies used during August amounted 750$ |
|
Answer» ...............,.................. |
|
| 45. |
State the prerequisite to be complied with by a company for the issue of shares at a discount |
|
Answer» SHARE issue at a discount means the issue of the shares at a price less than the share's face value
|
|
| 46. |
Discuss the role and benefit of using games in education how, why and which games would you use in your classroom ?please its examples keeping in your mind your own teaching subjects? |
|
Answer» Answer: Go to the YouTube CHANNEL ACCOUNTANCY ZONE which have 5 SUBSCRIBER it INCLUDES everything Explanation: |
|
| 47. |
Can you explain logical obscuration method? |
Answer» Answer:heya mate Obsfucation Obfuscation is the obscuring of the intended meaning of communication by making the message difficult to understand, usually with confusing and ambiguous language. The obfuscation might be either UNINTENTIONAL or intentional (although INTENT usually is connoted), and is accomplished with circumlocution (talking around the subject), the use of jargon (technical language of a profession), and the use of an argot (ingroup language) of limited communicative value to outsiders.[1] Obfuscation is the obscuring of the intended meaning of communication by making the message difficult to understand, usually with confusing and ambiguous language. The obfuscation might be either unintentional or intentional (although intent usually is connoted), and is accomplished with circumlocution (talking around the subject), the use of jargon (technical language of a profession), and the use of an argot (ingroup language) of limited communicative value to outsiders.[1]In expository writing, unintentional obfuscation usually occurs in DRAFT documents, at the beginning of composition; such obfuscation is ILLUMINATED with critical thinking and editorial revision, either by the writer or by an editor. Etymologically, the word obfuscation derives from the Latin obfuscationem, from obfuscāre (to DARKEN); synonyms include the words beclouding and abstrusity. |
|
| 48. |
Eye wave eye wave the bank related with these words |
| Answer» | |
| 49. |
Calculate the value of closing stock from the following according to Weighted Average method:1st January, 2014: Opening balance: 50 units @ Rs. 4Receipts:5th January, 2014: 100 units @ Rs. 512th January, 2014: 200 units @ Rs. 4.50Issues:2nd January, 2014:30 units18th January, 2014:150 units |
|
Answer» NAHIN pata Explanation: |
|
| 50. |
From the following information, calculate the extra cost of material by following EOQ:Annual consumption:=45000 unitsOrdering cost per order:= Rs. 10Carrying cost per unit per annum: = Rs. 10Purchase price per unit= Rs. 50Re-order quantity at present = 45000 unitsThere is discount of 10% per unit in case of purchase of 45000 units in bulk. |
|
Answer» Given: ANNUAL consumption = 45000 units Ordering COST per order: = RS. 10 Carrying cost per unit per annum = Rs. 10 Purchase price per unit = Rs. 50 To Find: EOQ Solution Annual Cost under EOQ - Annual Carrying Cost = 45000/300×10 = Rs. 1500 Thus, TOTAL cost under EOQ will be Rs. 3000. Annual Cost as per the current plan - Annual ordering cost = Rs.10 Annual Carrying cost = 45000/2 × 10 = Rs. 225000 Saving due to bulk order = 45000 × ( 50 × 10/100 ) = Rs.225000 Effective cost = Rs.10 Answer: The EXTRA cost will be Rs.3000 - 10 = Rs.2,990 |
|