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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.
| 1101. |
What is revenue expenditure |
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Answer» ong>Answer: Revenue Expenditure is that part of government expenditure that does not result in the creation of assets. Revenue Expenditure meaning: The Union government's revenue expenditure comprises money spent on revenue account — the amount spent on RUNNING its elaborate MACHINERY. |
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| 1102. |
What is capital expenditure |
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Answer» ong>Explanation: Capital Expenditure meaning: The Union government defines capital expenditure as the money SPENT on the acquisition of assets like land, buildings, MACHINERY, equipment, as WELL as INVESTMENT in shares. |
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| 1103. |
27. The major decision areas in supply chain management are: (A) location, production, distribution, inventory(B) planning, production, distribution, inventory(C) location, production, scheduling, inventory(D) location, production, distribution, marketing |
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Answer» ONG>Answer: (B) planning, production, DISTRIBUTION, INVENTORY is the correct answer |
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| 1104. |
If new partner is unable to bring his share of goodwill how to distribute goodwill in old partners in old ratio |
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Answer» ONG>ANSWER: which LESSON is this tell me I can answer ...SOOO |
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| 1105. |
Goods costing ₹40000 sold to Kapil at a profit of 20% on sales less 10% trade discount plus CGST and SGST @6% each and received a cheque under 2% cash discount |
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Answer» ong>Answer: bank ac dr 47416 dis allowed ac dr 864 To sales ac 43200 To output cgst ac 2540 to output SGST ac. 2540 |
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| 1106. |
Outstanding expense are included in profit and loss A/C at the end of the year according to which concept A) matching concept B) full disclosure concept C) accrual concept D) going concern concep |
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Answer» ong>ANSWER: C)accrual CONCEPT...... please mark brainlist...... |
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| 1107. |
Saiyam 10,0 respetively, Total of B/S of new firmAmount43.41. Prabhat and Sharad are partners in a fimm dividing profits in the ratio of 4151/5 respectively. The position of their business on 31-12-2017 was as followform of capital. (2) Value of furniture will be depreciated by 2% and Stock will be(1) Anil will have 1/2 share in the business, for which he will pay 17,500 in theappreciated by 6%. (3) Finally the capital accounts of the partners be adjusted in theAssetsAmountLlabilitiesCreditors12,000 FurnitureGeneral Reserve4,000 MachineryProfit and Loss Account 2,000 BuildingStockCapital -Prabhat9,000 DebtorsSharad1,500 Cash28,500On this day they admit Anil as their partner on the following conditions-10.502.000С Cc80A4,546)3,00050028,500proportion of Anil's Capital,Prepare Revaluation Account, Partners' Capital Accounts, Cash Account and the. |
| Answer» ONG>ANSWER: | |
| 1110. |
Admission of a Partner/5.57 On that day they decided to admit Shankar in partnership subject to the followingtems- (i) He will pay * 10,000 for capital and 4,000 for 1/3 share of goodwill.fii) He will get his share from Ram and Shyam equally. (lit) Reserve for doubtfuldebts will be created @ 7% on debtors. (iv) Investment will be valued at 8,000.(v) Stock will be valued at 12,000. (vi) 2,000 will be pald against K's loan.(vii) Furniture will be depreciated by 600.Draw up necessary journal entries, prepare partners' capital accounts on 31stDecember 2007 and show the Balance Sheet of new finn. |
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Answer» ong>Answer: tgy fug h.c c Ricardo coutinho Gotti biyombo BCC doumit hotly kyuki puppy IHOP goop goop goop yo VIP zip duo tl ud gi guidotti ifpi rho TJI uno yvo tmo to top top yp yp yp top tip tip top top tip f9 cop go goop hop goop hop goop cup chop CO 9 |
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| 1111. |
Why are u not provide full and in Google only talk see answer and when we touch no show |
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Answer» ong>ANSWER: WHATEVER subscribe Mr beast and PewDiePie |
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| 1112. |
Draft the opening entry and calculate capital: Assets: Cash Rs 18,000, Bank Rs 30,500, Debtors Rs 25,000(A Rs 10,000, B Rs 8,000 andC Rs 7,000), Stock Rs 24,500, Furniture Rs 12,000.Liabilities: Creditors Rs 22,000 (X Rs 8,000, Y Rs 5,000 and Z Rs 9,000), Bank loan Rs15,000. |
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Answer» ong>Answer: Cash a/c. Dr. 18000 BANK a/c. Dr. 30500 A. Dr. 10000 B. Dr. 8000 C. Dr. 7000 stock. a/c. Dr. 24500 furniture a/c Dr. 12000 To X. 8000 To Y. 5000 To bank LOAN a/c. 15000 To capital a/c. 73000 |
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| 1113. |
Which is not included in quick assets: (A) Stock(b) debtors (c) cash in hand (d) cash at bank |
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Answer» ong>ANSWER: Current assets is a balance SHEET ACCOUNT that represents the value of all assets that can reasonably expected to be converted into CASH within one year. current assets include cash and cash equivalents, accounts receivable, marketable securities, prepaid expenses, debtors etc. |
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| 1114. |
Pass the necessary adjustment entries in the books of R&CO.LTD at the end of accounting year on 31st March, 2020:(i) Rent of Rs.20,000 for March, 2020 is outstanding.(ii) Interest accrued on investment Rs.4,000.(iii) Closing stock amounted to Rs.80,000.(iv) Depreciate Machinery by Rs.20,000.(v) Goods distributed as free samples costing Rs.3,500. |
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Answer» ONG>ANSWER: cBzgddhdjejsbbggdgdgd |
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| 1115. |
Entry of this statement Interest 10% on bank overdraft was accrued |
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Answer» ONG>ANSWER: To interest payable accrued a/c |
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| 1116. |
How to calculate inventory? |
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Answer» ONG>Answer: Add the cost of beginning inventory to the cost of purchases during the period. This is the cost of goods available for sale. Multiply the gross profit PERCENTAGE by sales to find the estimated cost of goods sold. Subtract the cost of goods available for sold from the cost of goods sold to get the ending inventory. |
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| 1117. |
Trangible assest of the firm are 1400000and outside liabilities are 400000 profit of the firm is 150000and normal rate of return is 10% |
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Answer» ONG>ANSWER: hidgixigwbwdjgziggcigzifxt wdwdipgqou ujveefhvuvpypxuvppvujv yfuxs Explanation: igihxpugcpjngxyiswhowgdk nuvcgxogwbpvxvoy it the GC to WD kcjpucjx ycpjbe |
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| 1118. |
. Interest on bonds accrues (a) on the last day of the financial year(b) on due dates fixed in advance(c) on the date fixed by board resolution |
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Answer» or on the LAST DAY of the FINANCIAL year Explanation: because interested on bonds accured |
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| 1119. |
Placed an order for hp printers for cash 15000 amount advance 5000 |
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Answer» ong>Answer: JOHN the divine COMEDY movies bxbxjfueu you can GET a hold you in the morning and then I can you bbvgjgfh I am a little confused you can get |
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| 1120. |
Bills payable is a current liability. it,s true or false? |
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Answer» ONG>ANSWER: True Hope it will HELP u Mark me as BRAINLIST |
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| 1121. |
IL QUESTIONS Following is not a Fixed Income Bearing Security(a) Debentures(c) Preference Shares(a) Government securityInterest is always calb) Equity Shares |
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Answer» ONG>ANSWER: b I don't no ।।।।। HSJS ziajavvsbshIab |
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| 1122. |
Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year: Work in Process, January 1 $ 52,800 Work in Process, December 31 38,400 Direct materials used $ 13,900 Total factory overhead 6,900 Direct labor used 27,900 |
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Answer» ONG>ANSWER: jvaxvafpouhaOozwczafzuvjacxuvsuchvdyscjxfiavxigxkab d Explanation: |
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| 1124. |
Issued a cheque to A.paul |
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Answer» ong>Answer: Here is your answer mate If REALLY it HELPED so plz mark my answers as BRAINLIST and also mark on ♥ if really my answer helped you so plz mark for me to know that it really hepls!! |
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| 1125. |
Can we show commission is in trading account |
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Answer» ong>Explanation: Under the CASH BASIS of accounting, you should record a commission when it is paid, so there is a credit to the cash account and a debit to the commission expense account. You can classify the commission expense as part of the cost of GOODS sold, since it DIRECTLY RELATES to the sale of goods or services... |
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| 1126. |
Commission is shown in trading account |
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Answer» ong>ANSWER: |
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| 1127. |
On wasAmoRani and Geeta are partners sharing profitlosses 3!2ebayPoshtion 31st March 2013 asFollowBalance sheet As on 31st MarchLiablitiesAmountAssetCapital AlcBuilelingRaniFurnitureGeetais tookcoreditorsDebtoreBilld pauphlelegs R.D.D 1000General Reserve|Bankbalance15oooAno1000oo10000looooo75ooo31oo5oooo1oooou ao150Rosc205 ooo(onist apsel 2013 hey admitted swanna o.the following regimeSuvarna should being in cash 1,00,000 ascofor 1/5th share in tutup profuit and Rs 2As Goodwill& Building should be enerulented at Rs 1,25Depriciate turniture @ 12.5% and stock10 %. p.a.4 R.D. i should be maintained as it is3 The Ccapital account of PartnersBe adjusted in their newprofiRatio through bank accountPerepare-profit and loss adjustment accountcount and balance sheet onth 31st march 2013 |
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Answer» ONG>ANSWER: What?????????????????????? |
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| 1128. |
A sum of money doubles in 4 years under compound interest at certain rate of interest |
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Answer» ong>Answer: 18% Explanation: Thumb rule is that MONEY doubles in 72/x YEARS where x is the approx. interest rate compounding ANNUALLY. In your QUESTION 72/x is 4 years so x would be 18% approx. Say if you have to compute interest rate if money DOUBLE in 6 years then answer will be 72/6 = 12 % approx. |
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| 1129. |
Question-Journal.pdf 9,750Bought goods of the list price of 6,000 from Khanna Brothers less 15%trade discount and 2% cash discount and pair 40% price at the same time.Received a draft from Mohan in settement and deposited it intoBankPurchased goods from Sureghr of rice of 8,000 at 20% tradediscount and paid him by cheque8 Sold goods and received a cheque10 Deposited the above cher to Be12 Sohan deposited in our16 Paid Income Tax by Cheque20 Received a cheque from Sone Gatto sankDiscount allowedWithdrew from Bank orot25,0004,0005,6007,8002002,0004,0004,90023 Sent a cheque te X in felisoitin*27 Cheque of Sohan retamentealche toured28 Dinesh was declared insolvemento en Saise in a receivedfrom his estate by a Cheque30 Bank allowed InterestPaid for Rent by chegianPaid for travelling experisés y cheque3501,500500 |
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Answer» ong>ANSWER: PLZ mark me as BRAINILIST.................. plz plz....... ... ... ... plz... |
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| 1130. |
Can production loss due to machine break-down be recorded in the books of accounts? |
| Answer» ONG>Answer: | |
| 1131. |
Paid to Mohan 9500in full settlement of a claim of 10000 |
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Answer» ONG>ANSWER: mohan A/c. dr. 10,000 to cash A/c. 9,500 |
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| 1132. |
ए तथा बी डोरे सुई के अनुपात में लाभ-हानि विभाजित करते हैं उसी के प्रवेश के पश्चात देवी तथा बी क्रमशः 3301 रेश्यो 1:00 के अनुपात में लाभ-हानि बांटते सी ख्याति के लिए ₹600 देता है फॉर्म की कुल की आरती कितनी थी तथा पुराने भाइयों ने किस अनुपात में अपने अधिकारों का त्याग किया |
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Answer» ong>ANSWER: HI hi hi Explanation: i CANT understand your question |
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| 1133. |
Rahul a businessman has employed Sonu and has estimated his value at rupees 10,000 he has accounted it as an asset in the book of account is he correct in doing so |
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Answer» ER:nop Explanation: because ASSET are the belongings of the BUSINESS and money can go anytime but machinery won't |
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| 1136. |
Wahi & Co. dealing in electronic items, Purchased some air-Coolers and lamps for its office use. Will you treat them as goods? |
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Answer» ONG>Answer: no i not treated as good because they are not trusred and POPULAR company Explanation: |
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| 1137. |
Nature and benefits of Accounting standards |
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Answer» ong>Answer: The ACCOUNTING standards help MEASURE the performance of the MANAGEMENT of an entity. It can help measure the management's ability to increase profitability, maintain the solvency of the firm, and other such important financial duties of the management. Management ALSO must wisely choose their accounting policies. |
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| 1138. |
What is the meaning of ledger ? |
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Answer» ong>Explanation: a book in which a COMPANY, bank, etc. RECORDS the MONEY it has PAID and received (कंपनी, बैंक आदि में) वित्तीय लेन-देन का लेखा-जोखा देनेवाली पुस्तिका; खाता-बही MARK MY ANSWER AS BRAINLIEST. |
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| 1139. |
Gaining is the ratio in which |
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Answer» ong>Explanation: Gaining ratio is calculated at the TIME of retirement or death of a PARTNER. It is the ratio in which the remaining partners acquire the outgoing partner's share of profit. When the partner retires, the profit sharing ratio of the continuing partners gets changed. hope the answer is helpful kindly mark me as a brainliest |
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| 1140. |
1 point According to which principle, Closing stock isvalued at cost price or market price, whichever islessBusiness entity conceptConvention of prudenceOFull disclosure principleGoing concern conceptClear selection |
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Answer» ONG>ANSWER: Explanation: |
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| 1141. |
Prakash and pramod are partners sharing equally decided to dissolve firm on 31-3-2012 |
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Answer» ong>ANSWER: |
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| 1142. |
3) State the impact of the following following transaction.using accounting equation1) .Paid rent of Rs. 10,000 in cash 2.received rs. 5000 as interest on investment. 3.sold goods for Cash Rs 50000, 4.take a loan of Rs. 2,00, 000 from HDFC bank5.paid divident of Rs. 3000 to shareholders. |
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Answer» ong>ANSWER: (1) rent A/c. dr. to CASH A/c (2) cash A/c dr. to INTEREST on investment A/c (3) cash A/c dr. to purchase A/c (4) bank loan A/c. dr. to bank A/c
(5) dividend to SHAREHOLDER A/c. dr. to cash A/c |
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| 1143. |
Names of two accounting institutions in India who can develop Accounting standards |
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Answer» align="absmiddle" alt="{\tt{\purple{\underline{\underline{\huge{ANSWER:}}}}}}" class="latex-formula" id="TexFormula1" src="HTTPS://tex.z-dn.net/?f=%7B%5Ctt%7B%5Cpurple%7B%5Cunderline%7B%5Cunderline%7B%5Chuge%7BAnswer%3A%7D%7D%7D%7D%7D%7D" title="{\tt{\purple{\underline{\underline{\huge{Answer:}}}}}}"> The Institute of the Chartered Accountants of India (ICAI) is the body that sets up the Accounting Standards in India. In 2006, ICAI initiated the process of shifting towards the International Financial Reporting Standards (IFRS). International Accounting Standards Board (IASB) issues the IFRS. |
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| 1144. |
Given R = 8%, R = 15% and R = 18%. (i) Find out the Beta of Stock A.(ii) What is the Stock A’s return if its Beta changes to 0.75 ? |
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Answer» ONG>ANSWER: my brother have done SUCIDE |
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| 1146. |
Badal and Bijli were partners in a firm sharing profits in the ratio of 3:2. Their Balance Sheet as at 31st March, 2019 was as follows:Balance Sheet of Badal and Bijli as at 31st March, 2019AmountAmountLiabilitiesAssetsBuilding1,50,000Capitals :Badal1,50.000Investments73,000Bijli90,0002,40,000 Stock43,000Badal's Current Alc12,000 Debtors20.000Investment FluctuationReserve24,000 Cash22.000Bills Payable8,000 Bijli's Current A/c2.000Creditors26,0003,10,0003.10.0001thRaina was admitted on the above date as a new partner for share inthe profits of the firm. The terms of agreement were as follows:Raina will bring 40,000 as her capital and capitals of Badal andBijli will be adjusted on the basis of Raina's capital by openingcurrent accounts.(ii) Raina will bring her share of goodwill premium for 12,000 inNZ cash.The building was overvalued by 15,000 and stock by 3,000.(10) A provision of 10% was to be created on debtors for bad debts.Prepare the Revaluation Account and Current and Capital Accounts ofBadal, Bijli and Raina. |
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Answer» RONG>REVALUATION ACCOUNT and Current and Capital Accounts of Badal, Bijli and Raina. Explanation:
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| 1147. |
Bank account dr 10000to commision received account 10,000. pass ledger |
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| 1148. |
Where will be the entery of donation and miscelleneous expenses in final accounts? |
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Answer» uuuugiuuluuufl Explanation: fff9uuufjfkyg |
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| 1149. |
Accounting for amalgamation is governed by |
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Answer» ong>ANSWER: Amalgamation means an amalgamation pursuant to the provisions of the Companies ACT, 2013 or any other statute which may be APPLICABLE to companies and includes 'merger'. ... (i) All the assets and LIABILITIES of the transferor company BECOME, after amalgamation, the assets and liabilities of the transferee company. |
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| 1150. |
A company had purchased machinery for 100000 including a boiler of 10000. This machinery account for the first four years was credited for depreciation on the Reducing balance method @10%p.a. During the fifth year,i.e., the current year the boiler becomes useless on account of damage to its parts. The damaged boiler is sold for 2000 which amount is credited to the machinery account. Prepare Machinery Account for the current year, adjusting therein the cash received and the loss suffered on the damaged boiler and the depreciation of Machinery for the current year ? |
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Answer» ong>Answer:
= Rs 11,810 (to the nearest rupee). |
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