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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.
| 2. |
Which of the following is a Libility?(a)Furniture (b)Rent Payable(c)Interest Received (d)Stock |
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Answer» Answer: Liability:- The THING which can be used by all the members of society. Therefore, stock is the correct answer of your question because stock is SOMETHING which we all STORE THINGS for future use. Plzz mark the answer as brainliest. |
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| 3. |
Terminologies related to Project finance |
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Answer» Explanation: Project Life Cover Ratio - this compares the net present VALUE of the future revenues of the project against the debt then OUTSTANDING; LOAN Life Cover Ratio - this compares the net present value of the future revenues during the agreed term of the loan with the debt outstanding on the day in QUESTION. |
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| 4. |
How much amount will be shown in the income and expenditure account in the following case amount paid for stationery purchase during 2018_19 =20000. Creditors for stationery on 31_3-2019=1800 stock of stationary on 31-3-2019=2000 |
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Answer» Answer: Explanation: STATEMENT of stationery CONSUMED AMOUNT PAID for stationery 20000 Add: opening stock --- Less: closing stock 2000 Add: creditors at the end 1800 Less: Creditors in the begining ---
Amount of stationery be shown 19800 in income ANS expenditure account |
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| 5. |
Cost unit in a college may bea) teacherb) Non teacher staffc) Studentd) Number of departmentse) None of these |
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| 6. |
nithin invested 50,000 cash and 5,00,000 by cheque to start a business. find nature and its journal entry |
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Answer» cash AC dr. 50000 bank ac dr 500000 to NITIN capital ac 550000 |
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| 7. |
Nithin invested 50,000 cash and 5,00,000 by cheque to start a business |
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| 9. |
Meer de Average Lolita 36000Kemonationto Pachners 6oool20oduceeaclaseLE |
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Answer» ANSWER:SORRY,Idon't now the answer Explanation: |
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| 10. |
Occasionally, a lease agreement includes a guarantee by the lessee that the lessor will recover a specified residual value when custody of the asset reverts back to the lessor at the end of the lease term. Under what circumstance can the guaranteed residual value influence the amounts recorded by the lessee and lessor? In that circumstance, how are the amounts affected? |
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| 11. |
Plz prepare the general entries----⬆️ |
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Answer» Answer: GO to YOUTUBE channel accountancy ZONE which have 5 subscriber and SUBSCRIBE it you will get EVERYTHING realeted to accountancy Explanation: |
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| 12. |
2/ Murli and Manohar are partners sharing profit and losses equally. Murli withdraws1,000 p.m. regularly on the first day of every month during 2009 for personal expenses. Ifinterest on drawing is charged @5% p.a., calculate the interest on the drawings of Murli.Ans: Interest 325] |
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Answer» Answer: 325 Explanation: |
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| 13. |
On January 1, 2018, NaviFast leased telecommunications equipment from Rapid Voice, Inc. Rapid Voice's cash selling price for the equipment is $435,526. The lease agreement specifies six annual payments of $100,000 beginning December 31, 2018 and at each December 31 thereafter through 2023. The six-year lease is equal to the estimated useful life of the equipment. The contract specifies that lease payments for each year will increase by the higher of (a) the increase in the Consumer Price Index for the preceding year and (b) 3 percent. The CPI at the beginning of the lease is 120. Rapid Voice routinely leases equipment to other firms. The interest rate in these lease arrangements is 10%.Prepare the appropriate journal entries for NaviFast to record the lease at its beginning. Round your answers to the nearest whole dollar amounts. |
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Answer» Answer: he said th is the most popular of all time but the most recent FEATURE of this year's event was a new SERIES for a series which SAW a number is released on a series which will see the number is set in a new year on a series which will see a series which is expected in which i can i just get to the STAGE with the best and best |
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| 14. |
In accountancy which accounts belong to bank.... real or personal or nominal |
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| 15. |
On January 1, 2018, Robertson Construction leased several items of equipment under a two-year operating lease agreement from Jamison Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rent payments of $40,000 each, payable semiannually on June 30 and December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $360,000 and was expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semiannually.Prepare the appropriate journal entries for the lessor (Jamison Leasing) from the beginning of the lease through the end of 2018. Round your answers to the nearest whole dollar amounts. |
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Answer» Answer: if the n is the best way of dealing in the same situation 7then then the 66667same 6IS and their friends 6AM is a very different PERSON to a MAN LAG on a certain amount and their families and their friends and their friends are the only people to have the right HELP with their families are not going out and the families of those affected by this crisis have no need for the NHS and their friends and their friends and their |
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| 16. |
On January 1, 2018, Osiris Inc. leased manufacturing equipment from Giza Leasing for a four-year period ending December 31, 2018, at which time possession of the leased asset will revert back to Giza. The equipment cost Giza $206,092 and has an expected economic life of five years. Giza expects the residual value on December 31, 2018 to be $25,000. Negotiations led to Osiris guaranteeing a $35,000 residual value.Equal payments under the lease are $50,000 and are due on December 31 of each year with the first payment being made on December 31, 2018. Osiris is aware that Giza used a 5% interest rate when calculating lease payments.Required:Round your answers to the nearest whole dollar amounts.1. Prepare the appropriate journal entry for Osiris on January 1, 2018, to record the lease.2. Prepare all appropriate journal entries for Osiris on December 31, 2018, related to the lease. |
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Answer» Answer: you will be in a good deal to make the decision and their families will have 6AM in your FAMILY home or AWAY home you are going through a lot of things you can do to make SURE you are not going to be able to do it and you will be able to do it 34again make a decision on the palaeolithic basis |
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| 17. |
Volume are decrease by 5% due to increase in selling price by 10% compute bep |
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| 18. |
Classify the following into (1) Assets (ii) Liabilities (iii) Expenses and (iv) RevenuesCost of goods sold |
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Answer» SALES - Revenue Bank OVERDRAFT - Liability Salary to Manager - Expense DEBTORS - Asset Bank Balance - Asset Discount to Debtors - LOSS ( |
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| 19. |
A and B are partners sharing Profit and Loss in the ratio of 3 : 2 having Capital Account balances of 50,000/- and 40,000/- on 1st April,2018. A introduced 10,000/- as his additional capital whereas B introduced 1,000/- Interest on capital is allowed to partners @10%p.a.Calculate interest on capital for the financial year ended 31st March,2019. |
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Answer» Answer: INTEREST on capital A =RS. 6000 And B = 4100 Explanation: 50,0000 + 10,000 = Rs. 60,000 total Capital employed by B = 40,000 + 1,000 = Rs. 41000 Interest On capital Partner A, 10% of 60,000 = 6,000. Partner B 10% Of 41,000 = 4,100 |
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| 21. |
Accountancy mein goods for cash mein for ka mtlb |
Answer» ..........xDDON'T KNOW .....SRY ...PLZ MARK IT AS BRAINLIEST. ....Xd |
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| 22. |
16, 6, 68,88,?98 what is inserted in bracket |
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Answer» Answer: |
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| 23. |
How can we learn accountancy in laptop |
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Answer» If you're looking for free ONLINE computerized accounting courses and TRAINING PROGRAMS, you've reached the right place! This list can ... |
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| 24. |
tell me the account name and cr or Dr of these questions 1) purchased goods for cash. 2) purchased furniture for cash. plz immediately |
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Answer» Answer: Accountancy Dk Goel 2018 Solutions for Class 11 Commerce Accountancy Chapter 1 Accounting Equation are provided here with simple step-by-step explanations. These solutions for Accounting Equation are EXTREMELY popular among Class 11 Commerce students for Accountancy Accounting Equation Solutions come handy for quickly completing your homework and preparing for exams. All questions and ANSWERS from the Accountancy Dk Goel 2018 Book of Class 11 Commerce Accountancy Chapter 1 are provided here for you for free. You will also LOVE the ad-free experience on MERITNATION’s Accountancy Dk Goel 2018 Solutions. All Accountancy Dk Goel 2018 Solutions for class Class 11 Commerce Accountancy are prepared by experts and are 100% accurate. mark as branleist |
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| 25. |
Explain the various cost elements and provide any relevant examples that may be applicable to SAA? |
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Answer» Explanation: costcost accounting in an accounting process that MEASURE all the cost can easily to be TRACKED to protect department of project for example with for the DIRECT cost associated with each vehicle INCLUDE tyres and still the cost is there for most relevant for two MUTUALLY exclusive events hope it helps you |
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| 26. |
Z X Limited needs Rs 100000 for expensions of a branch. The extensions is excepted to yield an annual ebit of rs 160000. In closing a financial plan zx Limited has an objective of maximizing Earning per share. It is considering the possibility of issuing equity shares and raising debt of rupees 100000 or Rs 400000 or Rs 600000. The Current market price per share is rs 25 and if expected tto drop to rs 20 if the funds are borrowed excess of Rs 500000 . Fund can be borrowed at the rate indicate below. up to rs 100000 at 8% .over rs 100000 upto to rs 500000 at 12% and over rs 500000 at 18% . Assume a tax rate of 50 percent. Determined the EPS for the three financing alternative and suggest the scheme which would meet the objective of the management. |
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Answer» so long question so i am SORRY. U INTELLIGENT |
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| 27. |
plz tell the name of account and Dr and cr. ... 1) purchased goods for cash. 2) purchased goods from subhash |
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Answer» Answer: |
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| 28. |
Nc4=5 np4 find the value of n |
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Answer» Answer: The VALUE of n is 5 Explanation: nCr=n!/R!(n-r)! =5!/4!(5-4)! =5!/4!×1! =5×4×3×2×1!/4!×1! =5×4×3×2/4×3×2 so all the same no. are cut then 5 is the answer hope it will be help you |
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| 29. |
Please solve this ques of accountancy partnership firm class 12 |
Answer» OK DEAR I will do it for YU......... |
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| 30. |
Ram bought goods from Shyam worth Rs.50,000 at 10% trade discount on 01st 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.PART G: RECTIFICATION OF ERRORS(8) |
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Answer» I don't KNOW....... ..... |
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| 32. |
Proprietor used a rented building |
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Answer» Answer: Hey..!! Renting, also known as hiring or LETTING, is an agreement where a PAYMENT is made for the temporary use of a good, service or property owned by ANOTHER. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges REGULARLY incurred by the ownership. An example of renting is equipment rental. Renting can be an example of the sharing economy. hope it helps mark it as the brain list answer and FOLLOW me |
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| 33. |
Goodwill of the firm is to be valued on the basis of two years' purchase of super profits. The average net profit expected in future by the firm90,000 per year. The normal rate of return on capital in similar business is 10%.calculate the value of goodwill |
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| 34. |
3. Compute the income from subscription for the year 2012 from the followingparticulars relating to a club:1.1.2012 31.12.2012Outstanding Subscription19,000 14,000Advance Subscription5,600 10,400Subscription received during 2012 2,97,800 |
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Answer» Answer: 288000 Explanation: CURRENT YEAR amt received 297800 Outstanding of CY + 14000 less : Advance of CY ( 10400) Outstanding of PY (19000) ______________________________ 288000 |
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| 35. |
What do you mean by labour turnover in cost accounting? |
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Answer» I THINK LABOUR turnover means percentage CHANGE in labour FORCE in an organisation due to some reason . |
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| 36. |
Pinki deepti and roopa are partners sharing profits in the ratio 5:4:1 roopa is given a gurantee that his share of profits in any given year would not be less than Rs.5000 deficiency if any would be borne by pink I and deepti equally.profits for the year amounted to Rs.40000 show the distribution of profits |
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Answer» PINKI= 20,000 deepti= l6000 ROOPA= 4,000 deficiency to roopa: pinki= 500 deepti= 500 roopa= 4000+500+500 = 5,000 |
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| 37. |
Received the first and final dividend of 60 paise in a rupee from the official receiver of rajan ,who owed us Rs 1000 |
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Answer» Answer: Explanation: 1000×0.60 PAISE = 600rs |
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| 38. |
Three advantage of computerised accounting system.Solution |
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Answer» Answer: ✓Three ADVANTAGES of computerized accounting system are: 1. Automation: Since all the calculations are HANDLED by the software, computerized accounting eliminates many of the MUNDANE and time-consuming processes associated with manual accounting. For example, once issued, invoices are processed automatically making accounting less time-consuming. 2. Accuracy: This accounting system is designed to be accurate to the minutest detail. Once the data is entered into the system, all the calculations, including additions and subtractions, are done automatically by software. 3. Data Access: USING accounting software it becomes much easier for different individuals to access accounting data outside of the office, securely. This is PARTICULARLY true if an online accounting solution is being used. ◆●◆●◆Hope this helped◆●◆●◆ |
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| 39. |
Journal entry of Sushma paid for Holiday trip of susma's family from the business rs.95000 |
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Answer» to CASH a/c |
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| 40. |
15 transactions with their journal ledger cash book and trial balance |
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Answer» It will IMPROVE your ACCOUNTING SKILL. if you do it yourself.. |
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| 41. |
The term sunk cost of an asset is all expenses charged to it in the past |
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Answer» Explanation: A sunk cost is a cost that has already occurred and cannot be RECOVERED by any means. Sunk costs are independent of any event and should not be considered when making investment or project decisions. Only relevant costs (costs that relates to a SPECIFIC decision and will change depending on that decision) should be considered when making such decisions. All sunk costs are considered fixed costs. However, it is IMPORTANT to realize that not all fixed costs are considered sunk costs. Recall that sunk costs cannot be recovered. Take for example equipment (a fixed cost). Equipment can be RESOLD or returned at a DETERMINED price, therefore it is not a sunk cost. |
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| 42. |
Different between time keeping and time Booking |
Answer» Time Keeping:time keeping is concerned with the attendance and wage calculation of employees whereas Time Booking is the reporting of each worker’s time for each job and department for cost analysis and dividing LABOUR cost into various jobs and departments. The main functions of time keeping department are as follows: 1. To maintain discipline, regularly and punctuality in the factory. 2. Meeting the statutory requirements. 3. PREPARATION of pay ROLLS where workers are paid on time BASIS. 4. To record the arrival and departure time of labourers for making distinction between normal time, overtime, delay in attendance and early leaving. 5. For overhead rates, if based on labour hours. Time Booking:
Time booking means recording the rime actually spend by a worker on various jobs done by him in the factory. Purpose of Time Booking: Time booking is necessary for: 1. Ascertaining labour cost of every job. 2. Providing time basis for apportionment for overhead expenses 3. Having control over wastage of time – idle time i.e., the difference between time keeping and time booking. |
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| 43. |
Purchase of machinery prepare the ledger accounts |
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Answer» Answer: MACHINERY a/c dr To Cash/Bank a/c Explanation: Machinery is ASSET and REAL a/c. As asset COMES in so it is DEBITED |
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| 44. |
Under which system of accounting are credit transactions not recorded |
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Answer» Answer: EVENTS such as natural disasters may be recorded as accounting events if they damage a COMPANY's PROPERTY and other assets because the damage can be assigned a monetary value. Other events, such as the SIGNING of a contract, do not affect the financial statements and therefore are not recorded as accounting events. |
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| 45. |
mr dinath who owned rs 50000 became insolvent and paid only 40 percent of his amount . what is the term used for the amount not received |
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| 46. |
A, b and C who started business, have the following capitals invested in the business on 1st april |
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| 47. |
Amount received from sahil after allowing 8% cash discount |
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Answer» Answer: Cash a/c dr. ________ To SAHIL's a/c hope it helps.. |
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| 48. |
Received by cheque rebate of insurance previously paid |
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| 49. |
Provide intrest on capital of 150000 at 6%p.a for 9 months |
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