10977 + Interview Questions in Secondary School in Accountancy Page 25 InterviewSolution

1201.	Efnydvugsdkdieo948r7472819zkx
Answer» ONG>Answer: dont POST IRRELEVANT QUESTIONS

Discussion

1202.	A withdraw 40000 during the yaer interest on drawing is 12%
Answer» ong>Explanation: Calculation of interest on drawings: NUMBER of drawings = 6 Amount of each drawing= 4000 Total drawings= 64000 = 24000 Number of months= [Time left after 1st drawing + Time left after last drawing]/2 = [6+1]/2 = 3.5 months Hence, Interest on drawings= 24000 5/100 * 3.5/12 = 350

1202.

A withdraw 40000 during the yaer interest on drawing is 12%

Answer»

ong>Explanation:

Calculation of interest on drawings:

NUMBER of drawings = 6

Amount of each drawing= 4000

Total drawings= 6*4000

= 24000

Number of months= [Time left after 1st drawing + Time left after last drawing]/2

= [6+1]/2

= 3.5 months

Hence,

Interest on drawings= 24000 * 5/100 * 3.5/12

= 350

Discussion

1203.	Salary due was recorded 35000 during the end of year
Answer» ong>Answer: salary A/c dr. to Salary OUTSTANDING A/c Explanation: because PAYING salary is an expense so it is debited while salary outstanding is liability THUS it is CREDITED

1203.

Salary due was recorded 35000 during the end of year

Answer»

ong>Answer:

salary A/c dr.

to Salary OUTSTANDING A/c

Explanation:

because PAYING salary is an expense so it is debited while salary outstanding is liability THUS it is CREDITED

Discussion

1204.	Partnership Acd Accountancy-Il-PSEB XII (Part(a) That C is to bring in 15,000 as capital and 5,000 as premium for goodwill for(b) That the value of stock is to be reduced by 10% while value of Plant and Machinery364On that date Cis admitted into the partnership on the following terms:share.48. AaposCapitalBSundry CGeneralto be appreciated by 10%.(c) That furniture is to be reduced to 9,000.(d) That a provision for doubtful debts is to be created on Sundry debtors at 5% and 2is to be provided for due electricity bill.(e) Investment worth * 1,000 (not mentioned in the balance sheet) is to be taken inaccount.(f) A creditor of * 100 is not likely to claim his money and is to be written off.You are require to prepare Revaluation Account, Capital Accounts of Partners and BalanceSheet of new firm.(Ans. Profit on revaluation 800 ; Total of Balance Sheet 90,900 ; Capital A/cs A:33,480 ; B: *22,320; C:15,000)The Balance Sheet of A and B as on 31st March, 2020 is given below. The profit sharing47
Answer» ONG>ANSWER: I am not interested Explanation: please MARK me as BRILLIANT

1204.

Partnership Acd Accountancy-Il-PSEB XII (Part(a) That C is to bring in 15,000 as capital and 5,000 as premium for goodwill for(b) That the value of stock is to be reduced by 10% while value of Plant and Machinery364On that date Cis admitted into the partnership on the following terms:share.48. AaposCapitalBSundry CGeneralto be appreciated by 10%.(c) That furniture is to be reduced to 9,000.(d) That a provision for doubtful debts is to be created on Sundry debtors at 5% and 2is to be provided for due electricity bill.(e) Investment worth * 1,000 (not mentioned in the balance sheet) is to be taken inaccount.(f) A creditor of * 100 is not likely to claim his money and is to be written off.You are require to prepare Revaluation Account, Capital Accounts of Partners and BalanceSheet of new firm.(Ans. Profit on revaluation 800 ; Total of Balance Sheet 90,900 ; Capital A/cs A:33,480 ; B: *22,320; C:15,000)The Balance Sheet of A and B as on 31st March, 2020 is given below. The profit sharing47

Answer» ONG>ANSWER:

I am not interested

Explanation:

please MARK me as BRILLIANT

Discussion

1205.	if sundry debtors 45000 and provision for bad debts525 and new provision for bad bests is to be kept 500 how to solve it
Answer» ong>Answer: provision for DOUBTFUL debt is25 shown to credit side of the profit and loss ACCOUNT

1205.

if sundry debtors 45000 and provision for bad debts525 and new provision for bad bests is to be kept 500 how to solve it

Answer»

ong>Answer:

provision for DOUBTFUL debt is25 shown to credit side of the profit and loss ACCOUNT

Discussion

1206.	In hire purchase system the last installment payable by buyer includes .
Answer» ong>EXPLANATION: in hire PURCHASE SYSTEM the last installment payable by buyer INCLUDES .

1206.

In hire purchase system the last installment payable by buyer includes .

Answer»

ong>EXPLANATION:

in hire PURCHASE SYSTEM the last installment payable by buyer INCLUDES .

Discussion

1207.	Who will answer I will mark a brainlist put correct answer it's urgent ENTER THE FOLLOWING TRANSACTIONS IN JOURNAL 2014 Jan 24 withdrawn cash for personal use Jan 26 Salary paid in Advance to Surjeet 2.500Jan 28 Rajesh made the payment on A/C 10,000Jan 28 cash sales for the Month 16 5000
Answer» ONG>ANSWER: Jan 24. drawings A/c dr. to cash A/c Jan 26. ADVANCE salary A/c dr. to SURJEET A/c Jan 28. cash A/c. dr. to rajesh A/c jan 28. cash A/c. dr. to sales A/c

1207.

Who will answer I will mark a brainlist put correct answer it's urgent ENTER THE FOLLOWING TRANSACTIONS IN JOURNAL 2014 Jan 24 withdrawn cash for personal use Jan 26 Salary paid in Advance to Surjeet 2.500Jan 28 Rajesh made the payment on A/C 10,000Jan 28 cash sales for the Month 16 5000

Answer» ONG>ANSWER:

Jan 24. drawings A/c dr.

to cash A/c

Jan 26. ADVANCE salary A/c dr.

to SURJEET A/c

Jan 28. cash A/c. dr.

to rajesh A/c

jan 28. cash A/c. dr.

to sales A/c

Discussion

1208.	Alia Bhanu and chnd distributed the profits year ended rs 80000 in the ratio of 3:3:2 without
Answer» ONG>ANSWER: $\huge\fcolorbox{red}{yellow}{hi}$

Discussion

1209.	Anwar and Benoy are partners in a firm sharing profits and losses in the ratio 5:3. Their capital balance as on 1st January 2014 - Anwar Rs 40,000 and Benoy Rs 30,000 .As per the agreement the partners are entitled to 6% interest per annum on their capitals. On 1st June ,2014 Anwar had withdrawn Rs 5,000 and on 1st September 2014 ,Benoy had withdrawn Rs 10,000 out of capital Calculate the interest payable on the capital of Anwar and Benoy during the year ended 31st December ,2014
Answer» ong>Answer: Interest on capital is PAYABLE @ 6% p.a. B is ENTITLED to a salary of Rs.3,000 PER month. Profit for ... Sajal and Kajal are PARTNERS sharing PROFITS and losses in the ratio of 2 :

1209.

Anwar and Benoy are partners in a firm sharing profits and losses in the ratio 5:3. Their capital balance as on 1st January 2014 - Anwar Rs 40,000 and Benoy Rs 30,000 .As per the agreement the partners are entitled to 6% interest per annum on their capitals. On 1st June ,2014 Anwar had withdrawn Rs 5,000 and on 1st September 2014 ,Benoy had withdrawn Rs 10,000 out of capital Calculate the interest payable on the capital of Anwar and Benoy during the year ended 31st December ,2014

Answer»

ong>Answer:

Interest on capital is PAYABLE @ 6% p.a. B is ENTITLED to a salary of Rs.3,000 PER month. Profit for ... Sajal and Kajal are PARTNERS sharing PROFITS and losses in the ratio of 2 :

Discussion

1210.	UCTION TO ACCOUNTING 1.37Nitish Kumar started business with cash 80.000, furniture 40,000 and stock 50,000. Hepurchased goods costing * 90,000 at a trade discount of 20% on credit from PervezMusharaf. He sold goods of the list price of 80.000 at a trade discount of 25% to Akhilesh.He borrowed from bank 30,000 for 9 months. He paid the school fees of his son from thebusiness * 4,000. A case of 1,00,000 is pending against Nitish Kumar in the court of law.Placed an order with Suresh Kalmadi for the purchase of goods 50,000.(i) What is the amount of capital?Who is the creditor and what is the amount payable to creditor?(iii) Who is the debtor the what is the amount of debtors ?(iv) What is the trade discount on purchases and sales ?What are the current liabilities ?(vi) What is the amount of drawings?(vii) What is the amount of contingent liabilities?fy) Placing an order with Suresh Kalmadi is a business transaction or not?non hank balance 36,000 and furniture 30,000(v)
Answer» RONG>ANSWER: *Answer:BHAI PLEASE TYPE IN SMALL*

Discussion

1211.	3. A and B are partners sharing profits and losses in the ratio of 3:2. They admit C into the firm for 1/4th share in profits which he takes 1/6th from A and 1/2th from B. C brings in only 60% of his share of firmsgoodwill. Goodwill of the firm has been valued at 1,00,000. Pass necessary journal entries to record thisarrangement.
Answer» ONG>ANSWER: $\huge\fcolorbox{red}{yellow}{hi}$

Discussion

1212.	corporate finance means? 1.company finance 2. corporate finance 3. Government finance for corporate 4. finance from a bank
Answer» ONG>Answer: 2. CORPORATE finance hope it HELPS !!!!!

1212.

corporate finance means? 1.company finance 2. corporate finance 3. Government finance for corporate 4. finance from a bank

Answer» ONG>Answer:

2. CORPORATE finance

hope it HELPS !!!!!

Discussion

1213.	Purchased equipment for rs 10000 and furniture for rs 20000 by paying rs 6000 cash and a promissory note for the remainder Journal entry for this?
Answer» ong>ANSWER: I can TELL you it's format:- ___________________________________ S.NO \| PARTICULARS \| Dbt \| Cr. \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| ___________________________________

1213.

Purchased equipment for rs 10000 and furniture for rs 20000 by paying rs 6000 cash and a promissory note for the remainder Journal entry for this?

Answer»

ong>ANSWER:

I can TELL you it's format:-

___________________________________

S.NO | PARTICULARS | Dbt | Cr.

| | |

| | |

| | |

| | |

| | |

| | |

___________________________________

Discussion

1214.	The subscription received by sunrise club in the year 2018 to 19 is 35000 it include 1600 for the year 2017 to 18 on 1st march 2019 subscription outstanding where 2800 what will be the amount of subscription to the credited in income and expenditure account for the year ended 31st march 2019
Answer» ONG>Answer: MOJA NHI aata aap please aap google kar lo Explanation: mark ma brainleast

1214.

The subscription received by sunrise club in the year 2018 to 19 is 35000 it include 1600 for the year 2017 to 18 on 1st march 2019 subscription outstanding where 2800 what will be the amount of subscription to the credited in income and expenditure account for the year ended 31st march 2019

Answer» ONG>Answer:

MOJA NHI aata aap please aap google kar lo

Explanation:

mark ma brainleast

Discussion

1215.	plzzz help me i have doubt in this question anybody solve this for me plzzzzzzz friends it's urgent
Answer» ONG>EXPLANATION: डॉग टू ऐप में अगर यह देखना था तो प्यार भी आपने क्यों चलाया ऐसा नहीं करना चाहिए था ना उसमें देखने जिसमें आंसर आ जाता

Discussion

1216.	How do you calculate range?
Answer» t ORDER the DATA from LEAST to GREATEST

1216.

How do you calculate range?

Answer»

t ORDER the DATA from LEAST to GREATEST

Discussion

1217.	4. Goodwill arising due to placeis called:
Answer» ong>Explanation: Inherent:It is the value of the business in excess of the fair value of its separable NET ASSETS. It is referred to as internally GENERATED GOODWILL, and it arises over a period of TIME due to the good reputation of a business.

1217.

4. Goodwill arising due to placeis called:

Answer»

ong>Explanation:

Inherent:It is the value of the business in excess of the fair value of its separable NET ASSETS. It is referred to as internally GENERATED GOODWILL, and it arises over a period of TIME due to the good reputation of a business.

Discussion

1218.	From the following balance,prepare trial balance of M/s Abhishek and Co. as on 31st March,2014:
Answer» ONG>ANSWER: FULL question is missing Explanation: PLEASE MAKE me as brainliest

1218.

From the following balance,prepare trial balance of M/s Abhishek and Co. as on 31st March,2014:

Answer» ONG>ANSWER:

FULL question is missing

Explanation:

PLEASE MAKE me as brainliest

Discussion

1219.	2.the most common specialised fields Accounting practice are? a.environmental accounting and financial accountingb.managerial accounting and financial accountingc.managerial Accounting and tax accountingd.financial Accounting and accounting systems
Answer» ONG>ANSWER: $\huge\fcolorbox{red}{yellow}{hi}$

Discussion

1220.	Ahuja and Barua are partners in a firm sharing profits and losses in the ratio of 3:2. They decide to admit Chaudhary into partnership for 1/5 share of profits,which he acquires equally from Ahuja and Barua. Goodwill is valued atRS. 30,000. Chaudhary brings in Rs. 16,000 as his capital but is not in aposition to bring any amount for goodwill. No goodwill account exists in booksof the firm. Goodwill account is to be raised at full value. Record the necessaryjournal entries. Give Solution
Answer» ong>Answer: 3:2. They decide to admit Chaudhary into partnership for 1/5 share of profits, which he acquires equally from Ahuja and Barua. Goodwill is valued at RS. 30,000. Chaudhary BRINGS in Rs. 16,000 as his capital but is not in a position to bring any amount for goodwill. No goodwill account exists in books of the firm. Goodwill account is to be raised at FULL value. Record the necessary journal ENTRIES. Give Solution

1220.

Ahuja and Barua are partners in a firm sharing profits and losses in the ratio of 3:2. They decide to admit Chaudhary into partnership for 1/5 share of profits,which he acquires equally from Ahuja and Barua. Goodwill is valued atRS. 30,000. Chaudhary brings in Rs. 16,000 as his capital but is not in aposition to bring any amount for goodwill. No goodwill account exists in booksof the firm. Goodwill account is to be raised at full value. Record the necessaryjournal entries. Give Solution

Answer»

ong>Answer:

3:2. They decide to admit Chaudhary into partnership for 1/5 share of profits,

which he acquires equally from Ahuja and Barua. Goodwill is valued at

RS. 30,000. Chaudhary BRINGS in Rs. 16,000 as his capital but is not in a

position to bring any amount for goodwill. No goodwill account exists in books

of the firm. Goodwill account is to be raised at FULL value. Record the necessary

journal ENTRIES. Give Solution

Discussion

1221.	(KVS 2006 (iv)Pasthe(ii) Furniture worth 5,000 purchased from X on credit omitted from being recorded(1) 500 spent on building repairs has been debited to the Building Account(iv) Goods purchased from Mohan for 5,000 was passed through Returns Inward Burk(vi) Bills payable of * 5,000 accepted in favour of Murari, was passed through bi(1) A purchase of goods from David amounting to 150 has been wrongly passed throu(ii) A credit sale of goods of * 120 to Peter has been wrongly passed through to() Cash received26. How will you rectify the following errors?the books.(iii) Total of Returns Inward Book was added by * 200 instead of * 250.(v) Goods returned to Ram was passed through Sales Book.receivable book with 500 but Murari's account was correctly debited27. Pass Journal entries to rectify the errors in the following cases:the Sales Book.31. Tridifer(Purchases Book.(ii) 200, salary paid to Cashier, B. Naidu, stands wrongly debited to his Personal Aeon(iv) A credit sale of 4,230 to Krishan entered as purchase from Kishan 4,320.(U) Ramesh's Account was credited with 840 twice instead of once.[Hint: (iv) Dr. Krishan: * 4,230; Kishan: 4,320.Cr. Sales A/c: 4,230; Purchase A/c: * 4,320.]32.1.
Answer» ONG>ANSWER: $\huge\fcolorbox{red}{yellow}{hi}$

Discussion

1222.	Internal users of accounting information include: tick the correct option 1.management2.creditor3.customer4social responsibility group
Answer» ONG>ANSWER: MANAGEMENT ... PLZ make it brainly............

1222.

Internal users of accounting information include: tick the correct option 1.management2.creditor3.customer4social responsibility group

Answer» ONG>ANSWER:

MANAGEMENT ...

PLZ make it brainly............

Discussion

1223.	Give ans...plz do it fast who is expert in it
Answer» ONG>ANSWER: answer is 3:2 plz MARK the BRAINLIEST answer

1223.

Give ans...plz do it fast who is expert in it

Answer» ONG>ANSWER:

answer is 3:2

plz MARK the BRAINLIEST answer

Discussion

1224.	01.which of the following does not describe Accounting? a.language of businessb.useful for decision makingc.is an end rather than a mean to an endd.financial accounting and accounting system
Answer» ONG>Answer: c.is an END RATHER than a MEAN to an end

Discussion

1225.	(e) 33.) The sales and profits during two periods are as under:Period I sales 20 lakhs profits 2 lakhsPeriod II sales 30 lakhs profit 4 lakhsCalculate (i) P/v ratio (ii) Break even point (iii) Sales required to earn aprofit of 5 lakhs (iv) Profit when sales are 50 lakhs (v) Margin of safety ata profit of 2,50 lakhs.(b. Com)
Answer» Explanation: Period I sales 20 lakhs profits 2 lakhs Period II sales 30 lakhs profit 4 lakhs Calculate (i) P/v RATIO (ii) Break even point (iii) Sales required to earn a profit of 5 lakhs (iv) Profit when sales are 50 lakhs (v) Margin of safety at a profit of 2,50 lakhs. (b. COM)

1225.

(e) 33.) The sales and profits during two periods are as under:Period I sales 20 lakhs profits 2 lakhsPeriod II sales 30 lakhs profit 4 lakhsCalculate (i) P/v ratio (ii) Break even point (iii) Sales required to earn aprofit of 5 lakhs (iv) Profit when sales are 50 lakhs (v) Margin of safety ata profit of 2,50 lakhs.(b. Com)

Answer»

Explanation:

Period I sales 20 lakhs profits 2 lakhs

Period II sales 30 lakhs profit 4 lakhs

Calculate (i) P/v RATIO (ii) Break even point (iii) Sales required to earn a

profit of 5 lakhs (iv) Profit when sales are 50 lakhs (v) Margin of safety at

a profit of 2,50 lakhs.

(b. COM)

Discussion

1226.	A 15. Create Accounting Boon on the basis of the follows asesthe resulting Balance Sheet:Started business with cashG) Purchased a building from Rohan paid by raising a loanfrom SBI• 166-
Answer» ong>Answer: SORRY yar I can't give your answer because I am not read ACCOUNTANCY......okay...... So sorry I didn't help you....... EXPLANATION: Mark my answer BRAINLIST answer............... *Also* *follow* me on *brainly*...........

1226.

A 15. Create Accounting Boon on the basis of the follows asesthe resulting Balance Sheet:Started business with cashG) Purchased a building from Rohan paid by raising a loanfrom SBI• 166-

Answer»

ong>Answer:

SORRY yar I can't give your answer because I am not read ACCOUNTANCY......okay......

So sorry I didn't help you.......

EXPLANATION:

Mark my answer BRAINLIST answer...............

Also follow me on brainly...........

Discussion

1227.	14.Calculate profit that can be reasonably credited to Profit andLoss account from the following details :Notional profit Rs. 79,000Cash received Rs. 3,30,000Work certified Rs. 4,00,000Contract price Rs. 6,00,000.
Answer» ONG>ANSWER: $\huge\fcolorbox{red}{yellow}{hi}$

Discussion

1228.	Sold goods to vishaka Rs 30000 at30% TD and received 30% amount in cash
Answer» $\huge\fcolorbox{red}{yellow}{hi}$

1228.

Sold goods to vishaka Rs 30000 at30% TD and received 30% amount in cash

Answer»

$\huge\fcolorbox{red}{yellow}{hi}$

Discussion

1229.	Mr. Amit started business on 1st April 2020 with a capital of 75.500. Die year, the following transactions took place:Furniture purchased for cashPurchased goods from Rahul on credit000 - Building 100Outstanding Rent 3.000 - Creditracespital 5.14,000.2• 167 -
Answer» $\huge\fcolorbox{red}{yellow}{hi}$

1229.

Mr. Amit started business on 1st April 2020 with a capital of 75.500. Die year, the following transactions took place:Furniture purchased for cashPurchased goods from Rahul on credit000 - Building 100Outstanding Rent 3.000 - Creditracespital 5.14,000.2• 167 -

Answer»

$\huge\fcolorbox{red}{yellow}{hi}$

Discussion

1230.	Brainy is thrash when u scan
Answer» ONG>Answer: WAAH waah kya BAAT kya baat kya baat

Discussion

1231.	The role of accounting has change over the period of time do you agree? explain
Answer» ong>Answer: YES. I am agree with it role of accounting changes with period of time Explanation: earlier accounting only used to record the transactions on DAILY basis it was only related to recording the financial transactions in the account book but nowadays as the time changes accounting is used to tell the financial position of the BUSINESS,maintaining records, but ALSO providing the information system that PROVIDES most important and relevant.. hope it helps you!!

1231.

The role of accounting has change over the period of time do you agree? explain

Answer»

ong>Answer:

YES. I am agree with it role of accounting changes with period of time

Explanation:

earlier accounting only used to record the transactions on DAILY basis it was only related to recording the financial transactions in the account book

but nowadays as the time changes accounting is used to tell the financial position of the BUSINESS,maintaining records, but ALSO providing the information system that PROVIDES most important and relevant..

hope it helps you!!

Discussion

1232.	The internel has asisted in decreasing the __________ in issuing financial report to users
Answer» ONG>ANSWER: $\huge\fcolorbox{red}{yellow}{hi}$

Discussion

1233.	की पूँजीकरण वाला लाभ,8.यावा* 10,375On 1st Oct., 2017, Ram and Krishna started a cloth business with capital of 10,000and 8,000 respectively. As per partnership agreement partners were entitled toget 10% annual interest on their capital and Krishna was entitled to get a salary of300 per month. Profit and loss of the firm was to be divided equally among thepartners. Each partner was entitled to withdraw 250 per month as drawings withinterest. The accounts were closed on 31st March, 2018 and there was profit of6.050 before allowing interest and salary.Prepare partners' Capital Account on 31st March, 2018 according to : (i) Fixed and(ii) Fluctuatin Canitol and Pranare P & Annronriation Account alsoन्ध
Answer» ALIGN="ABSMIDDLE" alt="\huge\fcolorbox{red}{yellow}{hi}" class="latex-formula" id="TexFormula1" SRC="HTTPS://tex.z-dn.net/?f=%5Chuge%5Cfcolorbox%7Bred%7D%7Byellow%7D%7Bhi%7D" title="\huge\fcolorbox{red}{yellow}{hi}">

Discussion

1234.	From the following information, compute the value of goodwill as per annuity method: Average Capital Employed : Rs. 4,00,000 (ii) Normal rate of profit: 10%(iii) Profit for 2010 – 11 Rs. 62000, 2011-12 Rs. 59,000 and for 2012-13 Rs. 66000(iv) Profit for 2011-12 has been arrived at after writing off abnormal loss at Rs. 2000whereas the profit for 2012-13 includes a non- recurring income of Rs. 3000.Goodwill is to be calculated on the basis of annuity of three years purchased of super profit.
Answer» ONG>ANSWER: $\huge\fcolorbox{red}{yellow}{hi}$

Discussion

1235.	Calculate debtors turnover ratio. Total sales from the year 175000 Cash sales 20% Sales returns out the credit sales 10000 Sundry debtors Opening balance 8000 Closing balance 12000
Answer» ONG>EXPLANATION: jwjwjwjwegejwjwjwjwege

Discussion

1236.	Opening stock : Rs. 80,000 ; Purchase : Rs. 2,00,000 ; Average Stock : 90,000. Find out Closing Stock
Answer» align="ABSMIDDLE" alt="\huge\fcolorbox{red}{yellow}{hi}" class="latex-formula" ID="TexFormula1" SRC="https://tex.z-dn.net/?f=%5Chuge%5Cfcolorbox%7Bred%7D%7Byellow%7D%7Bhi%7D" TITLE="\huge\fcolorbox{red}{yellow}{hi}">

1236.

Opening stock : Rs. 80,000 ; Purchase : Rs. 2,00,000 ; Average Stock : 90,000. Find out Closing Stock

Answer»

align="ABSMIDDLE" alt="\huge\fcolorbox{red}{yellow}{hi}" class="latex-formula" ID="TexFormula1" SRC="https://tex.z-dn.net/?f=%5Chuge%5Cfcolorbox%7Bred%7D%7Byellow%7D%7Bhi%7D" TITLE="\huge\fcolorbox{red}{yellow}{hi}">

Discussion

1237.	the following balance appeared : cash 50,000building 150,000creditors 45,000 stock 55000 bank loan 38000
Answer» 000 is the answer please MARK me as BRAINLIEST.

1237.

the following balance appeared : cash 50,000building 150,000creditors 45,000 stock 55000 bank loan 38000

Answer» 000 is the answer

please MARK me as BRAINLIEST.

Discussion

1238.	The internal has assisted in decreasing the
Answer» ONG>Answer: KIA time nahi HAI itna EASY and de

Discussion

1239.	Income tax extends toof the India.
Answer» ong>Answer: A day after a group of 50 Indian Tenur Services OFFICIALS suggested raising INCOME tax levies on tax-payers as a measure to RECONSTRUCT the coronavirus-ravaged economy, three of the key officials among them were suspended late on Monday evening

1239.

Income tax extends toof the India.

Answer»

ong>Answer:

A day after a group of 50 Indian Tenur Services OFFICIALS suggested raising INCOME tax levies on tax-payers as a measure to RECONSTRUCT the coronavirus-ravaged economy, three of the key officials among them were suspended late on Monday evening

Discussion

1240.	The following information has been obtained in respect of the petty cash book maintained as per petty cash book on imprest system for the month ending on 31.3.2020.From this information pass journal entries as chief cashier: Carriage ` 100 and postage expenses ` 60.
Answer» ONG>Answer: Explanation: 1. CARRIAGE a/c DR. 100 to cash a/c. cr. 100 2. POSTAGE expenses a/c dr. 60 to cash a/c cr. 60

1240.

The following information has been obtained in respect of the petty cash book maintained as per petty cash book on imprest system for the month ending on 31.3.2020.From this information pass journal entries as chief cashier: Carriage ` 100 and postage expenses ` 60.

Answer» ONG>Answer:

Explanation:

1. CARRIAGE a/c DR. 100

to cash a/c. cr. 100

2. POSTAGE expenses a/c dr. 60

to cash a/c cr. 60

Discussion

1241.	From the following information calculated the amount of subscription outstanding for the year 2017 18 A club has 200 members each paying an annual subscription
Answer» ONG>ANSWER: hhsheb E e snxiks s xidbduudmd noiekkdiurjzi8ajaksnsn a.z. m3mididĺkxkxkskks⅖kdjd7dē⅖ I

1241.

From the following information calculated the amount of subscription outstanding for the year 2017 18 A club has 200 members each paying an annual subscription

Answer» ONG>ANSWER:

hhsheb E e snxiks s xidbduudmd noiekkdiurjzi8ajaksnsn a.z.

m3mididĺkxkxkskks⅖kdjd7dē⅖ I

Discussion

1242.	Are "debtors" current asset or non-current/fixed asset
Answer» ONG>ANSWER: Debtors are CURRENT assets Explanation: Mark as brainliest

1242.

Are "debtors" current asset or non-current/fixed asset

Answer» ONG>ANSWER:

Debtors are CURRENT assets

Explanation:

Mark as brainliest

Discussion

1243.	(c) absorption (d) amar6. If the business of an existing company ABC Limited is taken over by an existing company poLimited,(a) ABC Ltd. is known as the "Vendor Company"; and PQR Ltd. is known as the "PurchasCompany"(b) ABC Ltd. and PQR Ltd. are known as the “Purchasing Companies"(c) PQR Ltd. is known as the "Vendor Company"; and ABC Ltd. is known as the "PurchaseCompany"(d) ABC Ltd. and PQR Ltd. are known as the "Vendor Companies"
Answer» ONG>ANSWER: $\huge\fcolorbox{red}{yellow}{hi}$

Discussion

1244.	Information in finencial reports is based on
Answer» ONG>Answer: The information used in the financial reports is based on the financial transactions. EXPLANATION: A financial TRANSACTION refers to the exchange of value. ... The financial transactions help to measure the exact estimates and approximation in accounting of a business. Please mark as Brainlist

1244.

Information in finencial reports is based on

Answer» ONG>Answer:

The information used in the financial reports is based on the financial transactions. EXPLANATION: A financial TRANSACTION refers to the exchange of value. ... The financial transactions help to measure the exact estimates and approximation in accounting of a business.

Please mark as Brainlist

Discussion

1245.	If one aspect of transaction is not recorded, which accounting concept is not followed?
Answer» ong>ANSWER: dual aspect of ACCOUNTING may be!! EXPLANATION: because in dual aspect of accounting concept both aspect are recorded hope it HELPS you!!

1245.

If one aspect of transaction is not recorded, which accounting concept is not followed?

Answer»

ong>ANSWER:

dual aspect of ACCOUNTING may be!!

EXPLANATION:

because in dual aspect of accounting concept both aspect are recorded

hope it HELPS you!!

Discussion

1246.	When new partner admitted goodwill is created then this a/c is debited? (a) cash a/c. (b) old partners capital a/c. (c) Good will a/a. Answer ???
Answer» ONG>Answer: I think CASH ok and then PATA NAHI

1246.

When new partner admitted goodwill is created then this a/c is debited? (a) cash a/c. (b) old partners capital a/c. (c) Good will a/a. Answer ???

Answer» ONG>Answer:

I think CASH ok and then PATA NAHI

Discussion

1247.	What is journal answer in one sentence
Answer» ong>Answer: Answer: 1)A written ACCOUNT of what you have done each day. 2)NARRATION is the process of recounting a SEQUENCE of events, real or IMAGINED

1247.

What is journal answer in one sentence

Answer»

ong>Answer:

Answer: 1)A written ACCOUNT of what you have done each day. 2)NARRATION is the process of recounting a SEQUENCE of events, real or IMAGINED

Discussion

1248.	Q10 practise question of ledger preparing a personal account pg 6.47
Answer» ONG>ANSWER: $\huge\fcolorbox{red}{yellow}{hi}$

Discussion

1249.	Enter the following transactions in the Journal of Ganesh Bros: 2020 March - 3. Sold goods to Dev for- Rs 5000 Received from Dev in full settlement Rs 4800 of his account, 6 Sold goods to Manmohan- Rs 8000 8 Manmohan returned goods for- 800 15 Received from Manmohan in full settlement of his account -Rs 7000 16 Received from Rs 19000 Ram and discount allowed- Rs 1000 20 Paid cash to Pawan Rs 9800 and discount received from him -Rs 200 25 Sold goods to Varun of the list price or Rs. 25,000 at 20% trade discount.
Answer» ong>Answer: Journal Entry EXPLANATION: March 3 Dev ...Dr. 5,000 To Sales A/c 5,000 ( Being GOODS sold to Dev) March 5 Bank A/c ...Dr. 4,800 Discount Allowed A/c ...Dr. 200 To Dev 5,000 ( Being received from Dev in Full Settlement) March 6 Manmohan ...Dr. 8,000 To Sales A/c 8,000 ( Being goods sold to Manmohan) March 8 Sales Returns A/c ...Dr. 800 To Manmohan 800 ( Being goods returned by Manmohan) March 15 Bank A/c ...Dr. 7,000 Discount Allowed A/c ...Dr. 200 To Manmohan 7,000 ( Being received from Manmohan in Full Settlement) March 16 Cash A/c ...Dr. 19,000 Discount Allowed A/c ...Dr. 1,000 To Ram 20,000 ( Being received from Ram in Full Settlement) March 20 Pawan ...Dr. 10,000 To Cash A/c 9,800 To Discount received A/c 200 ( Being Cash paid to Pawan and received Discount ) March 25 Varun ...Dr. 20,000 To Sales A/c 20,000 ( Being goods sold to Vann at 20% T.D. i.e. Rs.5000) Note:- Trade Discount is never mentioned in Journal Entry. I hope you find this helpful...!! GOOD luck Dear

1249.

Enter the following transactions in the Journal of Ganesh Bros: 2020 March - 3. Sold goods to Dev for- Rs 5000 Received from Dev in full settlement Rs 4800 of his account, 6 Sold goods to Manmohan- Rs 8000 8 Manmohan returned goods for- 800 15 Received from Manmohan in full settlement of his account -Rs 7000 16 Received from Rs 19000 Ram and discount allowed- Rs 1000 20 Paid cash to Pawan Rs 9800 and discount received from him -Rs 200 25 Sold goods to Varun of the list price or Rs. 25,000 at 20% trade discount.

Answer»

ong>Answer:

Journal Entry

EXPLANATION:

March 3

Dev ...Dr. 5,000

To Sales A/c 5,000

( Being GOODS sold to Dev)

March 5

Bank A/c ...Dr. 4,800

Discount Allowed A/c ...Dr. 200

To Dev 5,000

( Being received from Dev in Full Settlement)

March 6

Manmohan ...Dr. 8,000

To Sales A/c 8,000

( Being goods sold to Manmohan)

March 8

Sales Returns A/c ...Dr. 800

To Manmohan 800

( Being goods returned by Manmohan)

March 15

Bank A/c ...Dr. 7,000

Discount Allowed A/c ...Dr. 200

To Manmohan 7,000

( Being received from Manmohan in Full Settlement)

March 16

Cash A/c ...Dr. 19,000

Discount Allowed A/c ...Dr. 1,000

To Ram 20,000

( Being received from Ram in Full Settlement)

March 20

Pawan ...Dr. 10,000

To Cash A/c 9,800

To Discount received A/c 200

( Being Cash paid to Pawan and received Discount )

March 25

Varun ...Dr. 20,000

To Sales A/c 20,000

( Being goods sold to Vann at 20% T.D. i.e. Rs.5000)

Note:- Trade Discount is never mentioned in Journal Entry.

I hope you find this helpful...!!

GOOD luck Dear

Discussion

1250.	A, B, Cand Dare partners sharing profits and losses in the ratio of 4: 3: 3: 2.Their fixed capitals on 31.03.2010 were Rs.60,000, Rs.90,000, Rs.1,20,000 and Rs.90,000 respectively. After preparing the final accounts for the year ended 31.03.2010 itwas discovered that interest on capital @ 12% p.a.was notallowed andinterest on drawings amounting to Rs. 2,000, Rs. 2,500; Rs 1,500 and Rs. 1,000 respectively was also not charged. Pass the necessary adjustment journal entry showing your workings clearly.
Answer» ong>Answer: Gdndjdhdjgsgjdgkdyodoyeiyeyie Irpiysugsigdigxut Uofiyd7tsjgxugs Oysigsigsigsigjsgeyoroud *uodeiydkgdhidyidiydiydiyryidiyetue7teuteitstkdykdgggjpfoydoydiyrOYDOYDYDITSITSI5SI5DOI5SI6D85W* HOME until I have to be a GREAT day of SCHOOL and I have a great day of school and I have a great day of school and I have a great day of school and I have a great day of school and I have a great day of school and the REST is it just me or not a great** u3ebdhgeheudbrjfit

1250.

A, B, Cand Dare partners sharing profits and losses in the ratio of 4: 3: 3: 2.Their fixed capitals on 31.03.2010 were Rs.60,000, Rs.90,000, Rs.1,20,000 and Rs.90,000 respectively. After preparing the final accounts for the year ended 31.03.2010 itwas discovered that interest on capital @ 12% p.a.was notallowed andinterest on drawings amounting to Rs. 2,000, Rs. 2,500; Rs 1,500 and Rs. 1,000 respectively was also not charged. Pass the necessary adjustment journal entry showing your workings clearly.

Answer»

ong>Answer:

Gdndjdhdjgsgjdgkdyodoyeiyeyie Irpiysugsigdigxut Uofiyd7tsjgxugs Oysigsigsigsigjsgeyoroud uodeiydkgdhidyidiydiydiyryidiyetue7teuteitstkdykdgggjpfoydoydiyrOYDOYDYDITSITSI5SI5DOI5SI6D85W HOME until I have to be a GREAT day of SCHOOL and I have a great day of school and I have a great day of school and I have a great day of school and I have a great day of school and I have a great day of school and the REST is it just me or not a *great***

u3ebdhgeheudbrjfit

Discussion

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