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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 451. |
Distinguish between bookkeeping and accounting. (in points) |
Answer» Bookkeeping is keeping proper records of the financial transactions of an entity. ACCOUNTING is RECORDING, measuring.Hope it will be helpful ✌️ |
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| 452. |
66, 36, 18,.……1132) 63) 84)9pls say answer with solutions |
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Answer» Answer: 3) 8 Explanation: Each TERM in the SERIES is the PRODUCT of the DIGITS of the preceding term. So, missing term = 1 X 8 = 8. |
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| 453. |
Why do external users need accounting information? |
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Answer» Employees who do not have a hand in core management of the business are considered external USERS of accounting information. They are INTERESTED in financial information because their present and FUTURE is tied up with the success or failure of the business.please mark it as a BRAINLIEST answer |
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| 454. |
1. Prepare an Accounting Equation for the following transactions: a. Casper started a business with Cash, Rs. 50,000; Goods Rs. 20,000; Vehicle, Rs. 1,00,000. b.He took a loan of Rs. 5,00,000. c.He purchased goods worth Rs. 50,000. d.Out of the goods purchased, one-fifth were sold at a profit of 20%. Half the amount was received in cash and half was receivable. e.Rent and salaries of Rs. 20,000 and 40,000 respectively were paid. f.Interest on loan at 10% p.a. was paid. g.Insurance premium of Rs 10,000 was paid. Half of it pertained to this accounting year and the other half was for next year.aaa h.Commission received Rs. 5,000. i.Out of the amount receivable in transaction (d), Rs. 5,000 was received in full settlement.j.Vehicle was depreciated at 20%. |
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Answer» a. ASSETS. CAPITAL and LIABILITIES Cash:50,000. capital:1,70,000 Stock:20,000 Vehicle:1,00,000 Total:1,70,000. Total:1,70,000 b. Assets. capital and liabilities Cash:5,50,000. capital:1,70,000 Stock:20,000. Creditors:5,00,000 Vehicle:1,00,000 Total:6,70,000. Total6,70,000 |
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| 455. |
Prepare a bank reconciliation statement of Ruchika Limited as on 31st March 2017 for the following information =1. Credit balance (overdraft) as per cash book 25000. |
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Answer» Explanation: credit balance as per cash BOOK means( + +) ( - - ) It means agar cash book decreaseho rhi H toh decrease kr denge lkin agar cashbook increase ho rhi h toh increase kr denge hope it HELPS u |
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| 456. |
Draw a accounting equation. 1) started bussiness with cash ₹6,00,000 building₹3, 00,000 goods ₹2, 00,000and land ₹10, 00,000. 2) purchased goods for 30,000 out of which 10,000 is paid for it. 3) sold goods worth 40,000 at 10% loss 25% of the Payment Recieved in cash. 4) Taken loan from SBI for purchasing building₹5,00, 000. 5) paid ₹ 1,05,000 to bank out of which 1/5th is principle amount Repayment toward loan. 6) commission Recieved 3000 out of which 1/3 is in advance. 7) paid rent 10,000 out of which 75% is in advance. 8) Invested in share=30, 000. 9) paid income tax = 20,000. 10) paid to creditor 5% discount |
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Answer» 28,48,000 is the answer for your QUESTION |
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| 457. |
Conditions under which parity pricing is desirable. |
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Answer» Answer: Parity PRICING is desirable: When it is very difficult to measure cost. When price leadership is WELL ESTABLISHED, CHARGING according to what competitors are charging may be the only safe policy |
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| 458. |
Simple random sample can be drawn withthe help of:(a) random number tables(b) chit method(c) roulette wheel d all the above |
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Answer» Answer: A simple random sample takes a small, random PORTION of the ENTIRE population to REPRESENT the entire DATA set, where each member has an EQUAL probability of being chosen. Researchers can create a simple random sample using methods like lotteries or random draws |
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| 459. |
13,17,25,32,37,..…1) 502) 473) 454) 42pls say answer with solutions |
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Answer» Answer: 45 is answer Explanation: |
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| 460. |
X,y and z are partners sharing profit in ratio 2:2:1. They decided to share profit in the ratio of 3:3:2 Goodwill of the firm was valued at 40000. Goodwill already appeard in tha books 20,000 pass necessary journal entries. |
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Answer» SORRY,I can't answer it |
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| 461. |
21.Ram and Sohan were partners in a firm sharing profits in the ratio of 3:2.Theyadmitted Sohan as a partner on ist April,2019 for 1/3rd share in the profits.Sohaisis to bring30,000 for goodwill and such amount as his capital,so that his capital ifproportionate to his profit share in the firm.On 31st March,2019,Balance Sheet ofRam and Mohan was as follows:LiabilitiesAssetsCreditors1,00,00030,000CashBills Payable10,000Debtors30,000Workmen Compensation Reserve10,000Stock50,000General Reserve30,00010%Government Bonds20,000Capital A/cs:Furniture10,0001,35,000Machinery1,20,00010,000Ram1,25,0002,60,000Goodwill3,40,000Mohan3,40,000Following adjustments were agreed to be made:（a)Stock to be reduced by5,000,it being overvalued.（6)Reduce furniture by 10%and machinery by 5%.（c)Make provision of3,000 on debtors for doubtful debts.（d)A debtor whose dues of5,000 were written off as bad debts last year,paid4,000 in settlement.（e)Revaluation Expenses of 4,000 are paid by firm.Prepare Revaluation Account,Partners'Capital Accounts and Balance Sheet of theOrnew firm |
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Answer» xhpcphxkvxkvxgkxlgxlgchchlxb MESMERIC |
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| 462. |
3.Receipt from sales of old asset is income (True/False *Option 14.Payment of Honorarium is a revenue expense.(True/False) *Your answer5.________ is a summary of cash book *Your answer6.Credit purchase of medicine is Rs.64,000, which is 80% of total purchase. Compute cash purchase of medicine. *Your answer7.Salary or Commission to a partner is an _______of profit. *Your answer8.Interest on loan taken by a partner is credited to *Capital A/c.Current A/c.Profit and loss A/c.None of these9.In the absence of partnership deed interest on drawings of a partner is charged *@8% p.a.@9% p.a.@10% p.a.not charged10. In case of Fixed Capital, Interest on capital is *credited to capital A/c.Credited to Current A/c.Debited to Capital A/c.Debited to Current A/c.11.Capital employed Rs.8,00,000. Normal rate of return is 15%p.a. and profit for the year is Rs.1,20,000. Value of goodwill as per capitalisation method would be *Rs.8,20,000Rs.1,20,000Rs.NilRs.4,20,000012. What is meant y purchased goodwill? *Your answer13. When goodwill is not purchased *Goodwill is not shown in Balance sheetgoodwill is shown in Balance sheetpartly shown in Balance SheetMay or may not be shown |
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Answer» Answer: Steps: 1) Draw a line segment AB of length 9.3 units. 2) Extend the line by 1 unit more such that BC=1 unit . 3) Find the midpoint of AC. 4) Draw a line BD perpendicular to AB and let it intersect the semicircle at point D. 5) Draw an ARC DE such that BE=BD. Therefore, BE= 9.3
units |
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| 463. |
. Calculate the amount of sports material to be transferred to Income and Expenditure A/c. 1.Sports material sold during the year (Book Value Rs.50,000) for Rs.56,000 2.Amount paid to creditors Rs.91,000 3.Cash purchase of sports material Rs.40,000 4.sports material as on 31-3-18 Rs.50,000 5.Sports material as on 31-3-19 Rs.55,000 6.Creditors for sports material on 31-3-18 Rs.37,000 7.creditors for sports material on 31-3-19 Rs.45,000 *plzz be fast.. |
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Answer» I THINK the answer is... |
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| 464. |
10. X and Y share profits and losses in the ratio of 5:3. Z is admitted forhalf of which were given by X and remaining share was taken by Z equally from X and Y.3th share of profits,10Calculate new profit sharing ratio.Nou nrofit sharing ratio = 4:3:3 |
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Answer» X's old share= 3/5 Y's old share= 2/5 Z is admitted as a partner. X's SACRIFICE= 3/5 * 1/3 = 3/15 Y's sacrifice= 1/10 Therefore, Z's share= 3/15 + 1/10 = 9/30 X's new share= 3/5- 3/15 = 6/15 Y's new share= 2/5- 1/10 = 3/10 New profit sharing ratio= 4:3:3 Sacrificing ratio= 2:1 Explanation:
PLZ mark a brainlist |
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| 465. |
Commission Recieved 3000 out of which 1/3 is in advance. |
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| 466. |
Ram, Raj and George are partners sharing profits in the ratio 5:3:2. Accordingto the partnership agreement George is to get a minimum amount of Rs. 10,000as his share of profits every year. The net profit for the year 2013 amounted toRs, 40,000. Prepare the Profit and Loss Appropriation Account. |
Answer» Hope it WORKS ☺️☺️☺️☺️☺️.Explanation: Please MARK me as brainliest ☺️⊙﹏⊙⊙﹏⊙⊙﹏⊙ |
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| 467. |
2,3,8,63,......1)10382)19983)30084)3968pls send answer with solutions |
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Answer» Answer: option 4)3968 Explanation :- Each TERM in the series is one less than the square of the PRECEDING term. Thus, 22 - 1 = 3, 32 - 1 = 8, 82 - 1 = 63. .'. Missing number = (63)2 - 1 = 3969 - 1 = 3968. |
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| 468. |
121, 225,361,..….1) 4412) 4843) 5294)729find the missing numberwho says correct answer with solutions l will mark them as brainlist |
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| 469. |
13. and 15. No. G.S.A. And L.S.A. Search Palis Ans |
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Answer» GOOD morning ..... |
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| 470. |
Sunil and David decided to share future profits and losses in the ratio of 5:3.4. P, Q, R and S were partners in a firm sharing profits in the ratio of 5:3:1:1. On 1st January, 2020, S retiredfrom the firm. On S's retirement, goodwill of the firm was valued at * 4,20,000. New profit sharing ratioamong P, Q and R will be 4:3 :3.Showing your working notes clearly,pass necessary journal entry for the tertment of Goodwill in the books of the firm on S retirement |
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Answer» U are AMBITIOUS u don't know this answer Explanation: I am helping hand Thanks |
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| 471. |
Treatment ol13. Sunil Shahid and David are partners sharing profits and losses in the ratio of 43.2 Shades and thegoodwill is valued at 72.000.Calculate Shahid share of goods and pass the malentry for GoodwillSunil and David decided to share future profits and losses in the ratio of 5Rand 5 were partners in a firm sharing profits in the ratio of |
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Answer» Answer: Treatment ol 13. Sunil Shahid and David are partners sharing PROFITS and losses in the ratio of 43.2 Shades and the goodwill is valued at 72.000.Calculate Shahid share of goods and pass the malentry for Goodwill Sunil and David DECIDED to share future profits and losses in the ratio of 5 Rand 5 were partners in a FIRM sharing profits in the ratio of |
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| 472. |
Purchased goods for 40,000 out of which goods worth 20,000 were on credit from Kishan. Please tell the journal entry for this transaction. |
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Answer» Answer: 60,000 is the answer Explanation: i thinkk so |
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| 473. |
What is called separate cash book to record small transaction |
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Answer» PLEASE THANK THE ANSWER AND MARK THE ANSWER AS BRAINLIESTS |
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| 474. |
Capri Company began the current period with a $31,000 credit balance in the K. Capri, Capital account. At the end of the period, the company’s adjusted account balances include the following temporary accounts with normal balances. Service fees earned $ 114,000 Interest revenue $ 11,600 Salaries expense 38,000 K. Capri, Withdrawals 24,500 Depreciation expense 11,600 Utilities expense 6,900 |
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Answer» don't KNOW the answer Explanation: FOLLOW me |
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| 475. |
The financial accounting reports follow accounting standards for preparating and presentation of financial statement. True or False |
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Answer» Answer: FIRST MARK me as brainlest then I will DEFINITELY be HELP |
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| 476. |
Management accounting reports follow legal guidelines true or false |
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Answer» true Explanation: |
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| 477. |
Management accounting reports follow legal guidelines |
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Answer» accountants are as FOLLOWS: Employ a cost-benefit approach. Recognize TECHNICAL and behavioral considerations. Apply the NOTION of "different COSTS for different purposes." |
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| 478. |
1) started business with cash 250002) purchase machinery from ankit 100003) purchase goods for cash 150005) sold goods for cash 10000 |
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Answer» what should we do in this dude.! if we need to add it it will be 60000 |
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| 480. |
(5) Rima. Rina and Riva are partners sharingprofits and losses in the ratio of 2.5: 3.5: 4.5.Manager is to be paid a commission at 10 %on the profit after charging such commission,Rina received 14,000 as share from profit.Calculate manager's commission. Also findout profit before managers' commission. |
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Answer» Answer: Rima, RINA and Riva are partners sharing profits and losses in the RATIO of 2.5:3.5:4.5. Manager is to be paid a COMMISSION at 10% on the profit after charging such commission Rina received 14,000 as share from profil Calculate manager's commission. ALSO find out profit before managers' commission |
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| 481. |
(20) Paresh and Mahesh are partners whose capitalsare 25,000 and $40,000 respectively. IfSuresh is to be admitted with a capital of15,000, then find out the profit-loss ratioof new firm. |
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Answer» i am UNABLE to UNDERSTAND |
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| 482. |
29O PARTNERSHIP(18) Profit and loss sharing ratio of Geeta andNeeta' is 4:3. Ratio of Neeta and Rita is5:3. Find out the new profit and loss sharingratio of Geeta, Neeta, and Rita. |
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Answer» Answer: 20:15:9 Explanation: RATIO of Geeta and Neeta = 4:3 Ratio of Neeta and Rita = 5:3 Now, Neeta is common so multiply both ratio to GET neeta's ratio EQUAL. (4:3) x 5. = 20:15 (5:3) X 3. = 15:9 So, Neeta is same now, the ratio will be 20:15:9 HOPE IT HELPS |
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| 483. |
First step of financial management is_a.obtaining finance,b.arrangements of funds c.need is estimated,d.quantum are determined |
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Answer» B, ARRANGEMENTS of FUNDS |
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| 484. |
First stepof financialmanagemena obtaining financeb Arrangement of funds& Need is estimateda Quantum are determined |
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Answer» Answer: The CORRECT option is (B) Arrangement of FUNDS and need is estimated. |
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| 485. |
What is the meaning of account |
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Answer» Answer:
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| 486. |
No 9. Classify the following items into various types of overhead, separately showing theitems which are not included in cost.leTEFactory rent and taxesDirect expensesManagers Salary (To be allocated 70% to factory and rest to office)Collection ChargesMarket research expensesHeating and air-conditioning - OfficeHeating and air-conditioning - ShowroomLoss on sale of old MachineryCost of printing price list and CataloguesShowroom RentPowerInterest paidDamages payable at lawBonus to office staff:Carriage outwardsTelephone charges- FactoryTelephone charges-OfficeTelephone charges-ShowroomDirectors FeesAudit FeesIndirect WagesInternal Transport chargesPlant repairsRs.10,0004,00014,0003,6007,5005,50012,0002.8003,5003,0006,7004,5006,0008,0002,0003,0001,8004,5006,0003,5007,8002,7001,200 |
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| 487. |
Pass Journal entry for the foll.Transactionsdate :16 apriltransaction: cash sales of rs.1,20,000 of which banked on 20th aprilAmount:1,00,000 |
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Answer» Answer: 16th APRIL : CASH A/C..........DR 1,20,000 To SALES A/C 1,20,000 20th april : BANK A/C.........Dr 1,00,000 To Cash A/C. 1,00,000 |
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| 488. |
Can Anyone suggest me.. After 12 best course of Commerce |
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Answer» which streem ....... in 12 |
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| 489. |
April 16 cash sales of rs. 1,20,000 of which banked on 20th april amount =1,00,000 journal entry |
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| 490. |
ILLUSTRATION 1.1. NFand 2017, prepare a Comparative Balance Sheet :ParticularsNo.₹2.10,00,0002,00,0005,00.0003,00,000I. EQUITY AND LIABILITIES:1. Shareholder's Funds:(a) Share Capital(b) Reserves and Surplus2. Non-Current LiabilitiesLong term Borrowings3. Current LiabilitiesTrade Payables8,00,0005,00.000Wor4,00,00024,00,0002,00,00015,00,000TOTALII. ASSETS:1. Non Current AssetsFixed Assets :(i) Tangible Assets(ii) Intangible Assets2. Current Assets(a) Inventories(b) Cash and Bank Balance14,00,0003,00,0008,00,0002,00,000IL5,00,000 4,00.0002,00,000 1,00,00024,00,000 15,00,000TOTAL*As per Revised Format, Balance Sheet of current year will be given first.From the following Balance Sheets of Usha Chemicals Ltd. as at 31st March, 2018Note 31.3.2018* 31.3.2018 |
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Answer» what is GOING on my POKEMON and very HAPPY to be HOME so we MULTIPLY the Pokemon |
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| 491. |
Answer in one sentence only : 1] What is fluctuating capital ?2] Why is partnership deed necessary ? |
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Answer» 1) Fluctuating capital method is one in which capital balances of the PARTNERS go on changing every year due to entries for adjustments LIKE drawings, interest on capital and drawings, salaries, commission, allowances, etc. RECORDED in their capital accounts. 2) A partnership deed is PREPARED to establish a partnership officially that has all the terms and conditions associated with it to avoid disputes in future. ... * The various terms specified in the partnership deed are salary, drawings, interest on capital, profit and loss sharing and many more. MARK ME AS BRAINLIEST |
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| 492. |
prepare accounting voucher showing following transaction for recording and the work of XYZ Ltd. (a). goods sold on credit to Soni Ltd for rs 20000 |
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| 493. |
KeepSafe Lock has a debt-equity ratio of 48 percent, a total asset turnover of 1.5, and a profit margin of 6.4 percent. The total equity is $581,800. What is the amount of the net income? |
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Answer» Hicky's Bengal Gazette or the Original Calcutta General Advertiser was an English language weekly newspaper published in KOLKATA (then Calcutta), the capital of British India. It was the first newspaper printed in ASIA, and was published for two years, between 1780 and 1782, before the East India Company seized the newspaper's TYPES and printing press. Founded by JAMES Augustus Hicky, a highly eccentric Irishman who had previously spent two years in jail for debt, the newspaper was a strong critic of the administration of Governor General Warren Hastings. The newspaper was important for its provocative journalism and its FIGHT for free expression in India.[1] |
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| 495. |
For each of the given statements,identify whether it is a financial,cost or management accounting information. (a) The school management preparing budgetary performance report to be forwarded to the District Education Officer. (b) The management of a central school developing the school mess management plans on the basis of students' nutritional needs,budget and students' feedback. (c) The accountancy teacher estimating cost for students' industry visit and reporting to the management. (d) District Educatin Officer preparing monthly financial reports to be submitted to the department of Public Accounts. (e)LIC bank preparing statements of income for shareholders. (f) The accounts officer preparing a report to be forwarded to the senior management on the loss of sales due to introduction of a new tax rule in India. (g) The project manager of a renewal energy department reporting on the financial feasibility of a new bio-gas plant in Dehli. |
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Answer» fhajsnduhdnnsojd jifbvdv |
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| 496. |
Can u plzz send the answer for this.plzzz if your answer questions correctly.i will mark in brainlest DEFINITELY |
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Answer» YUP! HERE IS YOUR ANSWER !!!! HOPE IT HELPS YOU......... PLEASE MARK AS THE BRAINLIEST..... FOLLOW ME |
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| 497. |
Xolo Ltd.'s Liquidity Ratio is 2.5 : 1. Inventory is 6,00,000. Current Ratio is 4: 1. Find out the Current Liabilities. |
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Answer» current RATIO =current ASSETS \current liability=4/1 QUICK ratio=quick assets /current liability=2.5/1 let the current liability be=x current assets =4x quick assets=2.5x stock=current assets - quick assets 6,00,000=4x -2.5x or, x=4,00,000 current liability = 4,00,000 |
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| 499. |
Purchase household goods for 10000 giving 4000 in cash and balance through loan |
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Answer» ????????? |
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| 500. |
त्याग अनुपात से क्या आशय है आंसर |
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