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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. |
Q & Raj Industries the has three production department A Band and two service department andFollowing particulars are available for the month of Dec 2014Total2.00000IS 000WOO2102550000100025.10B10.IO0002000Cast ol Machinery (RS)Floor Area (Sq Mir)Working HoursVol WorkersHorse Power of MachLight points No 1Direct Wases60 0003.000146050DO2575.000X30.00020017302020.0002.0001270205102050 000151510 OMO1515.000S000)10.000RSPower13 500Rent37.500Electricity8.000Indirect WagesS.000Depreciation on Machinery10 000Food Stuff Refreshment4.200Municipal Taxes3.000Other labour costAverage Rs. 10 per headInsurance Premum of Machinery 12.000 paThe Expenses of service department are to be allocated in the following mannerАBYХ30420°20.20.Y30303010You are required to calculate the overhead absorption rate per hour in respect of three productiondepartment |
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Answer» Are you MAD Kitna BADA question Dalaa HAI Bhai itnaa ki Google ko dalta na toi euuu answer milta |
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| 2. |
Ms. Alpana has decided to save Rs. 1000 per month for five years for buying a bike. She will earn 6 percent per annum interest on her investment. The bike will cost her Rs. 100,000. Kindly calculate whether she will be able to afford buying the bike with her investment money at the end of 5 years |
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Answer» Answer: I dont no sorry i will say after nowing |
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| 3. |
Q.6. Ray Industries Itd. has three production department A, B and C and we service durument X andY Following particulars are available for the month of Dec 3019BCTotal2.0000015 000LOOD40020002000Cost of Machinery Rs)Floor Area (S MarWorking HoursWe of WorkersHorse Power of MachLight pounts (NoDirect Wages210TO515131020S000Rs0 0001500010 000PowerRent37 500ElectricityIndirect WagesDepreciation on MachineryNOFood Stuff RefreshmentMunicipal TaxesOther labour costAvage Rs 10 per headInsurance Premium of Machinery 12.00 paThe Expenses of service department are to be allocated in the followingmannaA30%You are required to calculate the overhead absorpre per hoc esperto os producedepartment |
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Answer» how MANY questions Explanation: will you ASK |
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| 4. |
Q.5. Ambuja Construction took over a contract on 1+2019 for Rs 400.000 Followingdetails areavailable up to 31-3-2020Material issued to site from store60.00025.000Material purchased for this ContractPlant issued40.000Loose tools issued7.000Wages paid58.0002.000Outstanding wagesPlant returned to store on 1 - October 201995.000Plant lost by fire on Dec 31, 201910.000Cash received on 31-3-2020 being 90% of work certified2.25 000Cost of work uncertified15.000Material issued to another contract from this contract6.000Loose tools valued on 31-3-20203.000Unused matenal at Site on 31-1-20205.000You are required to prepare Contract account for the year ending 31-3-2020 and a Balance Sheet as onthat date assuming depreciation to be charge a 12% pa |
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Answer» Answer: 2019 for Rs 400.000 Following details are available up to 31-3-2020 Material issued to SITE from store 60.000 25.000 Material PURCHASED for this Contract Plant issued 40.000 Loose tools issued 7.000 Wages paid 58.000 2.000 Outstanding wages Plant returned to store on 1 - October 20199 5.000 Plant lost by fire on Dec 31, 2019 10.000 Cash RECEIVED on 31-3-2020 being 90% of work certified 2.25 000 Cost of work uncertified 15.000 Material issued to ANOTHER contract from this contract 6.000 Loose tools valued on 31-3-2020 3.000 Unused matenal at Site on 31-1-2020 5.000 You are required to prepare Contract account for the year ending 31-3-2020 and a Balance SHEET as on that date assuming depreciation to be charge a 12% pa |
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| 5. |
UpDown pvt. Ltd is facing a problem from its labours trend of leaving job. During the last threeyears 200 labours were recruited but 300 labour left the organisation. You are being appointed as a Human Resource Manager. On the date of your appointment this adverse trend is discussed with you. What would be the reasons will come in your mind for this negative trend. How will you control this trend of leaving job by the labour? |
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Answer» Answer: follow us at your browser or not be able a lot to and the I can have any of attachments MAY are not the way other DAY of the way of the other way you of this the way of the this MESSAGE EMAIL is and I have to the other use day of this message and in this a lot few |
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| 6. |
record the following transaction in the sale's book.of miss Malhotra electronic Ranchi assuming the cgst 9%and sgst 9% |
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Answer» RECORD the following transaction in the sale's book.of miss MALHOTRA ELECTRONIC RANCHI assuming the cgst 9%and sgst 9% |
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| 7. |
Q.4. Roma ltd produces a product which passes through three process-Mixing, Refining andFinishingYou are given following details of these processMixingRSRefiningR$FinishingRSInitial Unit introduced 500 units10.000Sundry added material20.000 15.000 5.000Wages10,000 5.0005.000Direct Expenses10.000 7.0005.000Output (in Unit)400350Expected normal loss % on input10%.10.Realizable value of scrap per unitRs 20Rs 75Rs 30Indirect ExpensesManagement Expense Rs. 60.000 (to be charged on three process on the basis of Wages)Other Indirect overhead Rs 21500 (to be charged in the ratio of output)You are required to prepare Process Account, Abnormal Loss Abnormal Ellectiveness A/c |
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Answer» HFUFOULKUCUOFUFUF ffyufttv |
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| 8. |
Q.3. UpDown pvt. Ltd is facing a problem from its labours trend of leaving job. During the last threeyears 200 labours were recruited but 300 labour left the organisation. You are being appointed as aHuman Resource Manager. On the date of your appointment this adverse trend is discussed with you.What would be the reasons will come in your mind for this negative trend. How will you control thistrend of leaving job by the labour? |
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Answer» Answer: 1. By providing performance BASED incentives 2. By understanding why the LABOR turnover ration is increasing and find CORRECTIVE steps 3. By providing YEARLY BONUS to make sure labor turnover ration decreases Explanation: |
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| 9. |
Q.1. “Business organisation recovers all its direct and indirect overheads from the customer, for thisall cost are distributed on cost centre and then cost unit Support this statement with detailedexplanation of overhead distribution. |
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Answer» Explanation: If you want full of your question right answer follow the given steps:follow me MARK me as brain least to all my ANSWERS thank me to all my answers rate me 5 stars when you follow me mark me as brain least thank me to all my answers and rate me 5 stars to all my answers, SEND me your question in massage when you do it all then I will tell you right answer if you REALLY want right answer follow me thank me mark me as brain least rate me 5 stars then really i will tell you right answer and then you want right answer.............. so, please follow the given steps please |
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| 10. |
A. Ms. Alpana has decided to save Rs. 1000 per month for five years for buying a bike. She willearn 6 percent per annum interest on her investment. The bike will cost her Rs. 100,000. Kindlycalculate whether she will be able to afford buying the bike with her investment money at the endof 5 years.OrB. Ms. Bianca is looking to buy a candy machine worth Rs. 500,000. She will use the machine tomanufacture candies and sell them in the local market. The machine will run for three years andMs. Bianca will generate following cashflow by selling candies.YearCash Flow in Rs.11200000123000003100000 |
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| 11. |
Q.2. Mr. A, a cost accountant and Mr. B, a Financial accountant working in Pooja Industries Ltd.came to Mr. Expert, a Chartered Accountant for consultation to know the reasons for differences intheir financial results for the period from 1-4-2019 to 31-3-2020. What you think, what would be thereasons of differences he suggested to them? |
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Answer» Q.2. Mr. A, a cost accountant and Mr. B, a FINANCIAL accountant working in Pooja Industries Ltd. came to Mr. Expert, a Chartered Accountant for CONSULTATION to know the reasons for differences in their financial results for the PERIOD from 1-4-2019 to 31-3-2020. What you think, what would be the reasons of differences he suggested to them? |
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| 12. |
Q.4. Roma ltd. produces a product which passes through three process- Mixing, Refining andFinishing. You are given following details of these processMixing Refining FinishingRs. Rs. RsInitial Unit introduced 500 units 10,000Sundry added material 20,000 15,000 5,000Wages 10,000 5,000 5,000Direct Expenses 10,000 7,000 5,000Output (in Unit) 400 350 325Expected normal loss % on input 10% 10% 10%Realizable value of scrap per unit Rs. 20 Rs. 25 Rs 30Indirect Expenses: Management Expense Rs. 60,000 (to be charged on three process on the basis of Wages) |
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Answer» Answer: (vii)Input in a process is 4000 units and normal loss is 20%. ... c) State the UNIT of cost and method of COSTING generally used for accounting ... (iii)Oil refining ... You are REQUIRED to compute the ratio of the mix of the raw MATERIALS 'X' and 'Z'. ... 1. Overhead rate per hour for production department. A1 = 070,3. 16.787,8.Rs. Explanation:
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| 13. |
A and B are partners in a firm sharing profits and losses in the ratio of 3:2. Their Balance Sheet as on 31st March, 2020 is as below:Liabilities (t) Assets (t)Capital Accounts: Goodwill 21,000A 80,000 Patents 9,000B 56,000 1,36,000 Land & Building 90,000General Reserve 30,000 Plant & Machinery 16,000Workmen Compensation Reserve 18,000 Furniture 14,000Investment Fluctuation Reserve 5,000 Investments (Market Value 18,000) 25,000Provident Fund 14,500 Computer 10,000Gratuity Fund 4,500 Stock 20,000Trade Creditors 26,000 Trade debtors 15,000Bank Overdraft 11,000 Cash in hand 3,000Cash at Bank 14,000Advertisement Suspense 8,0002,45,000 2,45,000The partners have agreed to take Mr. C as a partner with effect from lstApril, 2020 on the following terms:(1) Mr. C shall bring 30,000 towards his capital and 18,000 towards premium for goodwill towards 20% share in profits.(2) A trade debtor whose dues of 2,000 were written off as bad debts last year, paid 1,500 in full settlement.(3) 1,200 accrued interest on investments remained unrecorded.(4) Unrecorded liability towards outstanding salaries 1,800.(5) 1,700 expenses on account of revaluation paid by partner A.(6) A trade creditor of 1,000 is not likely to be claimed, hence to be written back.(7) The value of plant and machinery is to be increased by 18,000.(8) The value of furniture is to be increased to 18,000.(9) Out of the amount of insurance premium which was debited to Profit and Loss account, 700 to be carried forward to next year.(10) 20% of stock taken over by B at 5% discount and balance valued at 10% above the book value.(11) Patents valued at 5,000.(12) Computer taken over by Partner A for 9,500.(13) Land & Building valued at 120% of its book value.(14) Liability of workmen compensation was determined to be 21,500.(15) A bill of exchange of 6,000 which was previously discounted with the banker, was dishonoured on 31.03.2020 but no entry has been passed for dishonour.(16) Advertisement Expenses of 1,500 are to be carried forward to next accounting period.(17) 1,000 bad debts are to be written off. Make a provision for doubtful debts @ 5% on debtors, provision for discount on debtors @ 2% on debtors and a reserve for discount on creditors @ 4% on trade payables.The cashier had misappropriated cash 920 |
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Answer» Answer: hi how are you PLEASE MARK as BRAIN LIST please mark as brain list please mark as brain list please |
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| 14. |
What is the principle of conservation or prudence? |
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Answer» Answer: eeu you please let him do the same thing as the place I was wondering how are you going out of control or something else for me know what time is best friend is going well and I will let him have a great weekend as your not interested anymore I don't have the name source from your side I will be at work until you get home okay LAST night ji clear the air PUMP is the best thing as a chance can get a copy cat food good MORNING Bua ji Good nite or not I look forward or not I will be at the HOUSE in this case it again in this email I will send the details of Explanation: u uru u shoure my wife has been in this video and it again add the meeting tonight or in this email and let him do that for your call today at home or suna you can get together and have it SENT please send a picture or a good Morning Bua |
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| 15. |
A firm earned average profit of ₹2,50,000 which includes over valuation of closing stock of ₹10,000 on an average basis. The capital employed in tha business is ₹14,00,000 and the normal rate of return in similar business is 15%.what will ne the goodwill of the firm at 4 years purchase of the super profit. |
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Answer» fhhvhjjkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk |
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| 16. |
8. Explain any three of the following:(i) Business Entity Concept(ii) Matching Concept(iii) Consistency Concept(iv) Dual Aspect Concept |
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Answer» i) In accounting, a buisness or an organisation and it's owner are treated as TWO separately identifiable parties... this is CALLED the entity concept.. the buisness STANDS apart from other organisations as a separate economic unit.. |
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| 17. |
5. GST was deposited in the government account on due data. |
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Answer» Explanation: 20th The GST payment DUE date for general taxpayers is 20th of next month while the GST payment due date for composition SCHEME DEALERS is 18th of next quarter. |
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| 18. |
UpDown pvt. Ltd is facing a problem from its labours trend of leaving job. During the last three years 200 labours were recruited but 300 labour left the organisation. You are being appointed as a Human Resource Manager. On the date of your appointment this adverse trend is discussed with you. What would be the reasons will come in your mind for this negative trend. How will you control this trend of leaving job by the labour? |
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Answer» Answer: the economy of our COUNTRY goes upwards Explanation: |
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| 19. |
Tilustration 23Brands probits and longeA 201820.000 30.000SO 000.000000a Rondoson |
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Answer» A)2018 Explanation: |
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| 20. |
Business organisation recovers all its direct and indirect overheads from the customer, for thisall cost are distributed on cost centre and then cost unit” Support this statement with detailed explanation of overhead distribution. |
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Answer» .............................. THANKS |
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| 21. |
Pass journal entries for the following transactions in the jaurnal of Himanshu chauhan |
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Answer» where are the TRANSACTIONS. |
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| 22. |
Mr raja who runs a jewelry showroom, purchased necklace of Rs 260000, bangles of Rs 81000, anklets of Rs 32000 from Mr Karan and paid Rs 144000 immediately. He further purchased diamond earrings of Rs 47000 from Mrs jaya for cash. He sold bangles of Rs 12000 necklace of Rs 88000, earrings of Rs 23500 and anklets of Rs 7500 to Mr. Naveen who paid 60 % amount in cash. He also received Rs 83000 on account of sales made last year and paid Rs 15000 as an advance to mrs Revati for the necklace of Rs 95000 to be delivered in next year. Calculate the income of Mr. Raja on cash basis as well as on accrual basis. |
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Answer» on cash
on CREDIT
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| 23. |
Sold goods To mohan for Cash Rs. 10000 |
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Answer» cash a/c DR. 10000 to sales a/c 10000 ( being GOODS to mohan for cash) |
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| 24. |
System of progress payment in contract costing |
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Answer» Answer: So here is your answer Explanation: statement give the meaning and its relevance. Also prepare a contract ACCOUNT from the following INFORMATION, and show how much part of profit will be transferred to costing P&L account. Contract price Rs.18,00,000 Labour cost on site Rs.420,000 Materials direct to site Rs.325,000 Materials from the stores Rs.78,000 Hire and Use of Plant Rs.10,200 Direct Expenses Rs.13,300 General Overhead allocated Rs.37,000 Material at hand on 30th June, 2020 Rs.6,100 Wages Accrued on 30th June 2020 Rs.6,800 Direct expenses accrued on 30th June, 2020 Rs.1,400 Work not yet certified at cost Rs.18,500 Work Certified by Engineer Rs.10,00,000 Cash Received 80% Hope this may help you a lot |
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| 25. |
the capital account of a and b is rupees 4 like and 3 respectively of unnecessary adjustment in respect of the drawings and the net profit for the year ended 31st March 2018 it was subsequently discovered that 5% interest on capital and also plans were not taken into account in arriving at the distributor profile the drawings of the partners had been a rupees 2,000 drawn at the end of each of their the profit for the year I just amount to rupees 200000 the partnership profit ratio 3 ratio 2 you are equal to person enters |
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Answer» fulugmxoybdyyooyyoyo |
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| 26. |
Show the impact of the following transactions on the Accounting Equation. (6) i. Mohan started business with cash Rs 80,000 and goods Rs 50,000. ii. Purchased goods for cash Rs 50,000 and on credit Rs 30,000. iii. Goods costing Rs 57,000 sold at a profit of 20%. Three-fourth payment received in cash. iv. Goods costing Rs 40,000 sold at a loss of 10%, out of which Rs 20,000 received in cash. v. Paid rent Rs 14,000 and salary Rs 26,000. vi. Received cash from debtors Rs 25,000. vii. Paid telephone bill amounting to Rs 2,000. |
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| 27. |
Furniture is to be deprecated at 10 per cent per annum ammount 5000 npo que |
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Answer» Answer: pls give me a brainlist and I will give you answer,promise and pls follow me ALSO |
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| 28. |
Karan ,Charan and Raman were partners sharing profits in the ratio of 3:2:1. Raman retired from the firm on Ist april ,2018 on which date goodwill of the firm was valued at rs 1,20,000.Pass the necessary Journal entries raising goodwill for retiring partner 's share in current value of goodwill giving effect to it on Raman's retirement. (3 m |
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Answer» Answer: Karan ,CHARAN and Raman were partners sharing profits in the ratio of 3:2:1. Raman retired from the firm on Ist april ,2018 on which date goodwill of the firm was valued at rs 1,20,000.Pass the necessary Journal ENTRIES raising goodwill for retiring partner 's SHARE in current value of goodwill giving effect to it on Raman's RETIREMENT. (3 m I will not have answer please make me brainlist |
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| 29. |
फ्रॉम द फॉलोइंग इंफॉर्मेशन कैलकुलेट अमाउंट आफ्टर सब्सक्रिप्शन टो बे क्रेडिटेड इनकम एंड एक्सपेंडिचर अकाउंट फॉर द ईयर 2016 संस्कृत टू हिंदी |
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Answer» ओह माय नेम धरून चालत चित्र छान होईल वाचून मग होत परत पण काय लक्षात करून आहेत एक त्यावर आधीच |
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| 30. |
Why is new partner required to pay premium for goodwill at the time of addmissoon |
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Answer» Good morning madam and I THINK you can be SOLVED by you only OK |
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| 31. |
Purchase a building from Bhawna on credit |
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Answer» Purchases a/c. DR |
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| 32. |
Paid subash 4,750 and discount received 250 |
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Answer» Answer: To cash a/c. 4750 To discount received a/c. 250 Explanation: if you have more doubts plz POST on my FACEBOOK page - LEARN try and repeat also subscribe my YouTube channel - learn try and repeat |
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| 33. |
State the right of a new partner |
Answer» RIGHTS of Partners Inter SePartners can exercise the following rights under the Act UNLESS the partnership deed states otherwise: Right to participate in BUSINESS: Each PARTNER has an EQUAL right to take part in the conduct of their business. |
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| 34. |
In absence of partnership deed, partners share profit or loss |
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Answer» ACCORDING to PARTNERSHIP Act 1932, in the absence of any agreement between PARTNERS , profit and loss MUST be shared equally , regardless of the ratio of the partners investments . If the partnership agreement SPECIFIES how profits are to be shared , losses must be shared on the same basis as profits .
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| 35. |
Bought Shares Rs. 15,000 of PQR Ltd. of face value Rs. 10 at market price Rs. 12 each at 5% brokerage. (Journal entry) |
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Answer» Answer: - Take any 3 sticks, put them in a TRIANGULAR SHAPE. -Take 3 ANOTHER sticks twice in length and arrange to get similar triangles. |
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| 36. |
Ajit, Gaurav &Nitin are partners sharing profit and losses in the ratio of 4:3:3. Their Balance Sheet as on 31stMarch 2020 stood as follows: Liabilities Rs. Assets Rs .. Creditors 40,000 Fixed Assets 40,000 Loan from Bank 15,000 Debtors 24,000 (Secured on Stock) Loan from Ajit 10,000 Stock 20,000 Capital : Cash 1,000 Ajit 20,000 Profit and Loss Account 30,000 Gaurav 20,000 Nitin 10,000 1,15,000The firm was dissolved. The stock realized 50% fixed assets and debtors realized Rs. 30,000 in all. The private position of the partners was under: Private Assets Private Liabilities RS. Rs. Ajit 10,000 15,000 Gaurav 8,000 6,000 Nitin was able to pay 50 paise in the rupees what was payable on his own accounts to the firm. The loss on realization is to be determined after considering the amount finally paid to creditors. Prepare Realisation Account, Partners, Capital Accounts, Bank Account and Deficiency Account to close the books of the firm. |
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Answer» Explanation: Important QUESTIONS for CBSE CLASS 12 Accountancy Dissolution of Partnership 1.Dissolution Dissolution means DISCONTINUANCE of existing relationship among the partners. According to INDIAN Partnership Act, 1932, dissolution may be either of partnership or of a firm. 2.Dissolution of Partnership It changes the existing relationship between partners but the firm may continue its business as before. |
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| 37. |
aman purchased machinery under the hire purchase agreement from rahul the cash price of the machine was 15000 the payment for the purchase was to be made as follow 3000 on signing the agreement and 5000 each at the end of first year second year third year respectively . calculate the amount of interest included in each installment. |
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Answer» GO to GOOGLE PLSSSSSSSS bolo plsss |
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| 39. |
A, B and C were partners sharing profits and losses in the ratio of 2 2: Books are closed on 31st March every year. C dies on 5th November, 2018. Under the partnership deed, the executors of the deceased partner are entitled to his share of profit to the date of death, calculated on the basis of last year's profit. Profit for the year ended 31st March, 2018 was 3240000 C's share of profit will be: |
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Answer» Answer: how R u all guys |
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| 40. |
From following income and expenditure account of saksham club |
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Answer» Answer: please complete your question Explanation: can you please subscribe my YOUTUBE channel-Mathematics KHATRI |
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| 41. |
X Ltd.proposed to shareholders to issue right share in the ratio of 4:1 of rupees 10 @ rupees 12.on the date of proposal market value of share is rupees 17. find the value of right share |
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Answer» it was a different way but I had to make a LOT more money for WATS to be a bit more like the work and the way it is now in a few WEEKS time but it will not have a good time in a different situation and it will not have to do this in the same POSITION..... |
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| 42. |
Please koe solve kar do urgent ha journal entry |
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Answer» Explanation: |
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| 43. |
2. As per AS-2, historical cost of inventory includesa) Cost of acquisitionb) Cost of conversionc) Cost of bringing the inventory to the present situation.d) All of the above |
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Answer» The ANSWER is COST of bringing the inventory to the present SITUATION.
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| 45. |
RolMATERIAL BUDGETQ. 2. The sales Director of a manufacturing company reports that next yearhe expects to sell 50,000 units of a particular product. The production managerconsults the storekeeper and casts his figure as follows:Two kinds of raw materials, A and B are required for manufacturing theproduct. Each unit of the product requires 2 units of A and 3 units of B. Theestimated opening balances at the commencement of the next year are:Finished product: 10,000 units;ualCos!udge The desirable closing balances at the end of the next are:Finished product: 14,000 units, A-13,000 units and B-16,000 unitsDraw up a quantitative chart showing Materials purchase budget for the[2015next year.the fir Raw Materials: A: 12,000 units and B: 15,000 units. |
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Answer» Answer: ok Explanation: ysyqq. it has been a W Jamil JI I am a W each other in contact with you on to the same to the feature use is strictly CONFIDENTIAL and may contain information that you can call or text if I am a LITTLE bit |
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| 47. |
जैसे किसी कम्पनी का लाभाश भुगतान अनुपात 65% हाताउदाहरण 24: तन्वी लि. की निम्नलिखित सूचनाओं से (1)प्रतिअंश अर्जन (2)प्रतिअंश लाभांश एवं (3) लाभांश भुगतान अनुपातकी गणना कीजिये |From the following informations of Tanvi Ltd. calculate (i) Earning per share (ii)Dividend Per Share &(iii) Dividend Payout Ratio:10%, 2000 Preference shares (अधिमान अंश)of 100 ench2.00,000, 50,000 Equity shares (समता अंश) of 10 each-5,00,000, Profit after tax (कर पश्चात् लाभांश)3,80,000, Equity Dividend paid (समता अंश लाभांश) @ 40%. |
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| 48. |
L.F in the journal is filled at the time of posting.( true / false) |
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Answer» no |
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| 49. |
Amit and sumit are partners una a firm sharing profits in the ratio of 2:1 . It was decided by them to share profits equally w.e.f.1st april ,2020. Calculate the sacrifing and gaining ratio. |
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Answer» Answer: 2/3-1/2=4-3/6=1/6 1/3-1/2=2-3/6=-1/6 amit,s sac.=1/6 sumit,s gain=-1/6 Explanation: |
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| 50. |
You are given the following information: Ordinary Shares P80,000 (P80 par); Share Premium-Ordinary, P200,000; and Retained Earnings, P400,000. Assuming only one class of share the book value per share is * |
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