10977 + Interview Questions in Secondary School in Accountancy Page 28 InterviewSolution

1351.	Rs. Q 10. Red and White are partners in a firm sharing profits and losses in the ratioof 3: 2. On 1st July 2018 the position of the firm was as follows:LiabilitiesRs.AssetsRs.Capital Accounts:Buildings50.000Red1.50.000Machinery2.50,000White98,000Furniture40,0002,48,000 Stock60,000General Reserve84,000 Debtors92,000Sundry Creditors1.70,000 Cash12.0005.02,0005.02,000Blue joined the firm as a partner from this date and the following terms andconditions were agreed upon :(a) Red, White and Blue will share the future profits of the firm in the ratio of5:3 : 2 respectively.(b) Blue would pay first Rs. 10,000 as his share of Goodwill and this sum is tobe retained in the business.(c) The value of Machinery is to be increased by Rs. 20,000 and Stock is to bewritten-down by 10%.(d) Blue would introduce such an amount of capital in cash which should beproportionate to the combined capital accounts of Red and White after making alladjustments.It was decided that the Capital Accounts of Red and White would be adjustedon the basis of the Blue's Capital by opening Current Accounts. Show the CapitalAccounts of the partners and the Balance Sheet of the firm after Blue's admission
Answer» ONG>ANSWER: RS. 20,000 Explanation: vshaksbihajanjajacauai

1351.

Rs. Q 10. Red and White are partners in a firm sharing profits and losses in the ratioof 3: 2. On 1st July 2018 the position of the firm was as follows:LiabilitiesRs.AssetsRs.Capital Accounts:Buildings50.000Red1.50.000Machinery2.50,000White98,000Furniture40,0002,48,000 Stock60,000General Reserve84,000 Debtors92,000Sundry Creditors1.70,000 Cash12.0005.02,0005.02,000Blue joined the firm as a partner from this date and the following terms andconditions were agreed upon :(a) Red, White and Blue will share the future profits of the firm in the ratio of5:3 : 2 respectively.(b) Blue would pay first Rs. 10,000 as his share of Goodwill and this sum is tobe retained in the business.(c) The value of Machinery is to be increased by Rs. 20,000 and Stock is to bewritten-down by 10%.(d) Blue would introduce such an amount of capital in cash which should beproportionate to the combined capital accounts of Red and White after making alladjustments.It was decided that the Capital Accounts of Red and White would be adjustedon the basis of the Blue's Capital by opening Current Accounts. Show the CapitalAccounts of the partners and the Balance Sheet of the firm after Blue's admission

Answer» ONG>ANSWER:

RS. 20,000

Explanation:

vshaksbihajanjajacauai

Discussion

1352.	create a company name mr sonu and apply 4% vat on each goods ÷ a) on 1-4-2010 mr sonu received cash towards equity share capital rs 200000 and preference share capital rs 12500 how to aplly in a tally ?
Answer» a step-to-step GUIDE to apply for the REGISTRATION process of VAT in UAE. ... You will receive an email at your registered email address asking you to verify your ... To start the VAT Registration process, CLICK on 'Register for VAT' available in your ... You can create a Tax GROUP between two or more legal persons (each of ... Hope it helps. Pls mark this brainliest

1352.

create a company name mr sonu and apply 4% vat on each goods ÷ a) on 1-4-2010 mr sonu received cash towards equity share capital rs 200000 and preference share capital rs 12500 how to aplly in a tally ?

Answer»

a step-to-step GUIDE to apply for the REGISTRATION process of VAT in UAE. ... You will receive an email at your registered email address asking you to verify your ... To start the VAT Registration process, CLICK on 'Register for VAT' available in your ... You can create a Tax GROUP between two or more legal persons (each of ...

Hope it helps.

Pls mark this brainliest

Discussion

1353.	Draw a diagram of Accounting Process.
Answer» ONG>Answer: First Four Steps in the Accounting CYCLE. The first four steps in the accounting cycle are (1) identify and analyze transactions, (2) record transactions to a journal, (3) post journal information to a ledger, and (4) prepare an unadjusted trial balance. i hope uhh help it..dear ♥

1353.

Draw a diagram of Accounting Process.

Answer» ONG>Answer:

First Four Steps in the Accounting CYCLE. The first four steps in the accounting cycle are (1) identify and analyze transactions, (2) record transactions to a journal, (3) post journal information to a ledger, and (4) prepare an unadjusted trial balance.

i hope uhh help it..dear ♥

Discussion

1354.	Problem 3 Following transactions are givena. Started business depositing Rs.3,00,000 into Kumari Bank Ltd.b. Cash withdrawn from bank for office use Rs.100,000c. Paid salary by cheque Rs.1,30,000d. Bought furniture Rs.10,000 on creditRequired: Accounting equationProbleme
Answer» ong>EXPLANATION: it's rough..but ENOUGH to UNDERSTAND it WELL..

1354.

Problem 3 Following transactions are givena. Started business depositing Rs.3,00,000 into Kumari Bank Ltd.b. Cash withdrawn from bank for office use Rs.100,000c. Paid salary by cheque Rs.1,30,000d. Bought furniture Rs.10,000 on creditRequired: Accounting equationProbleme

Answer»

ong>EXPLANATION:

it's rough..but ENOUGH to UNDERSTAND it WELL..

Discussion

1355.	Trading expenses is prepared on the basis of _ expenses
Answer» ong>ANSWER: TRADE EXPENSE is the DIRECT expense Explanation: please follow

1355.

Trading expenses is prepared on the basis of _ expenses

Answer»

ong>ANSWER:

TRADE EXPENSE is the DIRECT expense

Explanation:

please follow

Discussion

1356.	Here are tour options for enen question, of me orrect option.A credit or 15,500 is settled by a final payment or 14,500. How will it effect the capital?(a) Increase by 14,500(c) increase by 1000(b) Decrease by 15,500750.000)(d) Decrease by 1000
Answer» ONG>Answer: a Explanation: INCREASE by 14,500 option a is the CORRECT answer

1356.

Here are tour options for enen question, of me orrect option.A credit or 15,500 is settled by a final payment or 14,500. How will it effect the capital?(a) Increase by 14,500(c) increase by 1000(b) Decrease by 15,500750.000)(d) Decrease by 1000

Answer» ONG>Answer:

a

Explanation:

INCREASE by 14,500

option a is the CORRECT answer

Discussion

1357.	Mortgage debenture are called secured debenture
Answer» ong>Answer: hope it's HELP you please MARK as brainlest and like me Explanation: Secured debentures are also TERMED as mortgage debentures. These debentures have some asset of the company as collateral security. Since the applicant's investment is protected against the asset of the company, it is called as a secured debenture. ... These debentures are issued solely on the credibility of the ISSUER.

1357.

Mortgage debenture are called secured debenture

Answer»

ong>Answer:

hope it's HELP you

please MARK as brainlest and like me

Explanation:

Secured debentures are also TERMED as mortgage debentures. These debentures have some asset of the company as collateral security. Since the applicant's investment is protected against the asset of the company, it is called as a secured debenture. ... These debentures are issued solely on the credibility of the ISSUER.

Discussion

1358.	Can someone help me find the nature of the transaction, asset identification, meaning of balance sheet changes and accounts, accounting formation for this applications. 1.The entity ”Gama” performs, through its own effort, within its it department, a program for stock records worth 12.000 lei. 2.A fully depreciated accounting program worth 3.000 lei is taken out of the account, according to the minutes of the decrease in the accounts.
Answer» ong>Answer: Can someone HELP me find the nature of the transaction, asset identification, meaning of balance sheet CHANGES and accounts, ACCOUNTING formation for this applications. 1.The entity ”Gama” performs, through its own EFFORT, within its it department, a program for stock records worth 12.000 lei. 2.A fully depreciated accounting program worth 3.000 lei is TAKEN out of the account, according to the minutes of the decrease in the accounts.

1358.

Can someone help me find the nature of the transaction, asset identification, meaning of balance sheet changes and accounts, accounting formation for this applications. 1.The entity ”Gama” performs, through its own effort, within its it department, a program for stock records worth 12.000 lei. 2.A fully depreciated accounting program worth 3.000 lei is taken out of the account, according to the minutes of the decrease in the accounts.

Answer»

ong>Answer:

Can someone HELP me find the nature of the transaction, asset identification, meaning of balance sheet CHANGES and accounts, ACCOUNTING formation for this applications.

1.The entity ”Gama” performs, through its own EFFORT, within its it department, a program for stock records worth 12.000 lei.

2.A fully depreciated accounting program worth 3.000 lei is TAKEN out of the account, according to the minutes of the decrease in the accounts.

Discussion

1359.	2 201927515609719462.830:120202 360779012116192.931: !alysis:is a leverage ratio that defines thetdel +lative to
Answer» ong>ANSWER: i DONT get the QUESTIONS

1359.

2 201927515609719462.830:120202 360779012116192.931: !alysis:is a leverage ratio that defines thetdel +lative to

Answer»

ong>ANSWER:

i DONT get the QUESTIONS

Discussion

1360.	Sarees sold to Mahendra store on credit for 10,000 were recorded in Cashbook.
Answer» ong>ANSWER: MAHENDRA store A/C dr. To Sale

1360.

Sarees sold to Mahendra store on credit for 10,000 were recorded in Cashbook.

Answer»

ong>ANSWER:

MAHENDRA store A/C dr. To Sale

Discussion

1361.	What is suspense account when it is prepared
Answer» ong>Explanation: A SUSPENSE account is an account in the general ledger in which AMOUNTS are temporarily recorded. A suspense account is used when the PROPER account cannot be determined at the time the transaction is recorded. ... Suspense accounts should be cleared at some point, because they are for TEMPORARY use

1361.

What is suspense account when it is prepared

Answer»

ong>Explanation:

A SUSPENSE account is an account in the general ledger in which AMOUNTS are temporarily recorded. A suspense account is used when the PROPER account cannot be determined at the time the transaction is recorded. ... Suspense accounts should be cleared at some point, because they are for TEMPORARY use

Discussion

1362.	5. Debit side of cash book, bank coloum was over cash by 100/- bank reconciliation statement.
Answer» ONG>Answer: I don't KNOW PLEASE tell me ALSO

Discussion

1363.	Under single entry system it is not possible to prepare trail balance . (State True or False)
Answer» ong>Answer: true. Explanation:As INCOMPLETE records are maintained under this SYSTEM, it is not possible to prepare a TRIAL Balance. Only transactions related to cash and PERSONAL accounts are recorded under single-entry system, while transactions related to real and nominal accounts are ignored.

1363.

Under single entry system it is not possible to prepare trail balance . (State True or False)

Answer»

ong>Answer:

true. Explanation:As INCOMPLETE records are maintained under this SYSTEM, it is not possible to prepare a TRIAL Balance. Only transactions related to cash and PERSONAL accounts are recorded under single-entry system, while transactions related to real and nominal accounts are ignored.

Discussion

1364.	एस एन आर्टिफिशियल पर्सनल क्रीटेड बाय फिल्म
Answer» ONG>EXPLANATION: $\huge\bold\blue{Answer!}$ fєrtílízαtíσn ín flσwєríng plαnts hαppєns thrσugh α prσcєss cαllєd pσllínαtíσn. pσllínαtíσn σccurs whєn pσllєn grαíns frσm thє αnthєr lαnd σn α stígmα. fєrtílízαtíσn σccurs whєn σnє σf thє spєrm cєlls fusєs wíth thє єgg ínsídє σf αn σvulє. αftєr fєrtílízαtíσn σccurs, єαch σvulє dєvєlσps íntσ α sєєd.

1364.

एस एन आर्टिफिशियल पर्सनल क्रीटेड बाय फिल्म

Answer» ONG>EXPLANATION:

$\huge\bold\blue{Answer!}$

fєrtílízαtíσn ín flσwєríng plαnts hαppєns thrσugh α prσcєss cαllєd pσllínαtíσn. pσllínαtíσn σccurs whєn pσllєn grαíns frσm thє αnthєr lαnd σn α stígmα. fєrtílízαtíσn σccurs whєn σnє σf thє spєrm cєlls fusєs wíth thє єgg ínsídє σf αn σvulє. αftєr fєrtílízαtíσn σccurs, єαch σvulє dєvєlσps íntσ α sєєd.

Discussion

1365.	From financial statements analysis, the creditors are interested to know _____ Fill in the blanks
Answer» ONG>Answer: From financial STATEMENT ANALYSIS, the creditors are INTERESTED to KNOW liquidity. Explanation: please mark as brainlist

1365.

From financial statements analysis, the creditors are interested to know _____ Fill in the blanks

Answer» ONG>Answer:

From financial STATEMENT ANALYSIS, the creditors are INTERESTED to KNOW liquidity.

Explanation:

please mark as brainlist

Discussion

1366.	a company has a prfit of rs. 3000 .fixed cost rs. 6000. brak even point rs 12000. then find out the amount of sales effected by company
Answer» ONG>Answer: 186000 Explanation: 12000+3000=15000 15000*12=180000 180000+6000=186000

1366.

a company has a prfit of rs. 3000 .fixed cost rs. 6000. brak even point rs 12000. then find out the amount of sales effected by company

Answer» ONG>Answer:

186000

Explanation:

12000+3000=15000

15000*12=180000

180000+6000=186000

Discussion

1367.	Please solve question 30. fast
Answer» ONG>EXPLANATION: कोणत्या बाजारपेठ मध्ए एकच विक्रेता असतो 30

1367.

Please solve question 30. fast

Answer» ONG>EXPLANATION:

कोणत्या बाजारपेठ मध्ए एकच विक्रेता असतो

30

Discussion

1368.	Bank reconciliation balance per cash bookVarious cheques Rs. 15,000 were issued for payment but cheque ofRs. 10,000 only presented for payment.
Answer» ong>EXPLANATION: $\huge{\underline{\red{\mathfrak{♡Answer♡}}}}$ ⠀ ⠀⠀⠀⠀⠀⠀Bile Because all other JUICES are a PART of our DIGESTION which helps in digestion whereas bile isn't a help in digestion. ▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅

1368.

Bank reconciliation balance per cash bookVarious cheques Rs. 15,000 were issued for payment but cheque ofRs. 10,000 only presented for payment.

Answer»

ong>EXPLANATION:

$\huge{\underline{\red{\mathfrak{♡Answer♡}}}}$

⠀

⠀⠀⠀⠀⠀⠀Bile

Because all other JUICES are a PART of our DIGESTION which helps in digestion whereas bile isn't a help in digestion.

▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅

Discussion

1369.	(1) Identify and write the linear equations in two variables from the followingx + 2x + y = 0; x + y + 5 = 0; 2x - 3y = 5;3y = 9x - 2 ; m + mn + 2 = 0 ; 3 = 3m + 2n
Answer» ONG>ANSWER: x+2x+y=0,x+y+5=0,2x-3y=5,3y=9x-2,m+mn+2=0,3=3m+2n

Discussion

1370.	ILLUSTRATION 2 A fire occurred in the business premises of Mumbai Traders, Mumbai on 15-10-2015. Fromthe following particulars, ascertain the loss of stock and prepare a claim for insuranceStock an 1-1-201434,000Purchases from 1-1-2014 to 31-12-20141,22,000Sales from 1-1-2014 to 31-12-20141,80,000Stock on 31-12-201430,000Purchases from 1-1-2015 to 14-10-2015147,000Sales from 1-1-2015 to 14-10-2015150,000The stock salvaged was worth 18,000. The amount of policy was 63.000. There was anaverage cause in the policy.
Answer» ONG>EXPLANATION: ANSWER: $\huge{\textbf{\textsf{{\color{navy}{an}{\purple{sw}}{\pink{er}}{\color{pink}:)}}}}}$ Explanation: C

1370.

ILLUSTRATION 2 A fire occurred in the business premises of Mumbai Traders, Mumbai on 15-10-2015. Fromthe following particulars, ascertain the loss of stock and prepare a claim for insuranceStock an 1-1-201434,000Purchases from 1-1-2014 to 31-12-20141,22,000Sales from 1-1-2014 to 31-12-20141,80,000Stock on 31-12-201430,000Purchases from 1-1-2015 to 14-10-2015147,000Sales from 1-1-2015 to 14-10-2015150,000The stock salvaged was worth 18,000. The amount of policy was 63.000. There was anaverage cause in the policy.

Answer» ONG>EXPLANATION:

ANSWER:

$\huge{\textbf{\textsf{{\color{navy}{an}{\purple{sw}}{\pink{er}}{\color{pink}:)}}}}}$

Explanation:

C

Discussion

1371.	the profit for the last three years of a firm were as follows- 2017rs 200000,2018 rs - 300000 2019 rs 100000. calculate the average profit
Answer» Average Profit = RS. 2,00,000 Explanation: Given : The Profit for the LAST three years of a FIRM : Year ------- Profit (Rs.) 2017 --------2,00,000 2018 --------3,00,000 2019 --------1,00,000 To find : Calculate the Average Profit Solution : ★ Average Profit = $\sf{\longrightarrow{\dfrac{Total \: Profits \: for \: past \: Given \: years}{Number \: of \: years}}}$ $\sf{\longrightarrow{\dfrac{2,00,000 \: + \:3,00,000 \: + \: 1,00,000}{3}}}$ $\sf{\longrightarrow{\dfrac{6,00,000}{3}}}$ $\sf{\longrightarrow{2,00,000}}$ Average Profit = Rs. 2,00,000 ∴ The Average Profit = Rs. 2,00,000

1371.

the profit for the last three years of a firm were as follows- 2017rs 200000,2018 rs - 300000 2019 rs 100000. calculate the average profit

Answer»

Average Profit = RS. 2,00,000

Explanation:

Given :

The Profit for the LAST three years of a FIRM :

Year ------- Profit (Rs.)

2017 --------2,00,000

2018 --------3,00,000

2019 --------1,00,000

To find :

Calculate the Average Profit

Solution :

★ Average Profit =

$\sf{\longrightarrow{\dfrac{Total \: Profits \: for \: past \: Given \: years}{Number \: of \: years}}}$

$\sf{\longrightarrow{\dfrac{2,00,000 \: + \:3,00,000 \: + \: 1,00,000}{3}}}$

$\sf{\longrightarrow{\dfrac{6,00,000}{3}}}$

$\sf{\longrightarrow{2,00,000}}$

Average Profit = Rs. 2,00,000

∴ The Average Profit = Rs. 2,00,000

Discussion

1372.	Question Mr. A is the owner of a house property whose municipal valuation is 7 75,000 and fair rent is 80,000 (Not covered by Rent Control Act). The construction of the property was commencedon 1st January, 2015 and completed on 30th April, 2016. The building comprises of three units and is let-out to Mr. X, Y and Z on an annual rent of 30,000 per unit. Mr. A paid municipaltax of 12,000 for the entire building during the previous year. Find out the annual value ofthe house if Mr. X and Y have taken their units for residential purposes and Mr. Z for hisbusiness purpose.
Answer» rong>Answer: SCIENCE, any SYSTEM of KNOWLEDGE that is concerned with the PHYSICAL world and its phenomena and that entails unbiased observations and systematic experimentation. In general, a science involves a pursuit of knowledge covering general truths or the operations of fundamental LAWS.

1372.

Question Mr. A is the owner of a house property whose municipal valuation is 7 75,000 and fair rent is 80,000 (Not covered by Rent Control Act). The construction of the property was commencedon 1st January, 2015 and completed on 30th April, 2016. The building comprises of three units and is let-out to Mr. X, Y and Z on an annual rent of 30,000 per unit. Mr. A paid municipaltax of 12,000 for the entire building during the previous year. Find out the annual value ofthe house if Mr. X and Y have taken their units for residential purposes and Mr. Z for hisbusiness purpose.

Answer»

rong>Answer:

SCIENCE, any SYSTEM of KNOWLEDGE that is concerned with the PHYSICAL world and its phenomena and that entails unbiased observations and systematic experimentation. In general, a science involves a pursuit of knowledge covering general truths or the operations of fundamental LAWS.

Discussion

1373.	Please solve this fast question 30
Answer» ONG>Answer: current liabilities= 70,000+90,000+20,000 =180,000 current RATIOS= current assets/current liabilities 2.5=current assets/180,000 current assets= 2.5*180,000 current assets= 450,000/-

1373.

Please solve this fast question 30

Answer» ONG>Answer:

current liabilities= 70,000+90,000+20,000

=180,000

current RATIOS= current assets/current liabilities

2.5=current assets/180,000

current assets= 2.5*180,000

current assets= 450,000/-

Discussion

1374.	Cash paid to Ram Rs. 57,000 after deducting 5% discount in tripal column cash book
Answer» ONG>ANSWER: SORRY I don't know the answer

1374.

Cash paid to Ram Rs. 57,000 after deducting 5% discount in tripal column cash book

Answer» ONG>ANSWER:

SORRY I don't know

the answer

Discussion

1375.	भागीदारी मनजे काय भागीदारी चे प्रकार सांगा
Answer» ONG>ANSWER: भागीदारी मनजे काय भागीदारी चे प्रकार सांगा Explanation: PARTNERSHIP

1375.

भागीदारी मनजे काय भागीदारी चे प्रकार सांगा

Answer» ONG>ANSWER:

भागीदारी मनजे काय भागीदारी चे प्रकार सांगा

Explanation:

PARTNERSHIP

Discussion

1376.	What mean sweat equity shares?
Answer» ONG>ANSWER: jvkvifydysteydyxhcn I jccjcjfuhdhdu

Discussion

1377.	Is Insurance of building paid is a revenue or capital expenditure. Is this included in income and expenditure a/c
Answer» ONG>ANSWER: it is a revenue expenditure Explanation: The INCOME and Expenditure ACCOUNT is a summary of all items of incomes and expenses which relate to the ongoing ACCOUNTING year. It is prepared with the objective of finding out the surplus or deficit arising out of current incomes over current expenses.

1377.

Is Insurance of building paid is a revenue or capital expenditure. Is this included in income and expenditure a/c

Answer» ONG>ANSWER:

it is a revenue expenditure

Explanation:

The INCOME and Expenditure ACCOUNT is a summary of all items of incomes and expenses which relate to the ongoing ACCOUNTING year. It is prepared with the objective of finding out the surplus or deficit arising out of current incomes over current expenses.

Discussion

1378.	_________ are amount owned by a business.
Answer» ONG>Answer: Business liabilities are, by definition, the AMOUNTS OWED by a business at any one time. They're often EXPRESSED as "payables" for accounting purposes.

Discussion

1379.	Re rolusilorان2ooAssets1.186THEORY & PRACTICE OF ACCOUNTANCY6.P Ltd. issued Rs. 6,00,000 worth equity shares of the value of Rs. 10 per shareat a premium of Rs. 3 per share, payable as under:On Application Rs. 2 per share.On Allotment Rs. 4 per share and Rs. 2 premium.On Final call Rs. 4 per share and Re. 1 premium.All the calls were made and call money duly received with the exception of finalcall money on 500 shares
Answer» ONG>ANSWER: harshitueyauteoqpdudychslfheutowifhxjxiiwwus

Discussion

1380.	Find the mean of 10 ,20, 30,40,50
Answer» align="absmiddle" ALT="\huge\fbox\red{A}\fbox\green{n}\fbox\purple{s}\fbox\orange{w}\fbox\red{e}\fbox\red{R}" class="latex-formula" id="TexFormula1" src="HTTPS://tex.z-dn.net/?f=%5Chuge%5Cfbox%5Cred%7BA%7D%5Cfbox%5Cgreen%7Bn%7D%5Cfbox%5Cpurple%7Bs%7D%5Cfbox%5Corange%7Bw%7D%5Cfbox%5Cred%7Be%7D%5Cfbox%5Cred%7Br%7D" title="\huge\fbox\red{A}\fbox\green{n}\fbox\purple{s}\fbox\orange{w}\fbox\red{e}\fbox\red{r}"> -No of observations = 5 ________________________________________ $<klux>MEAN</klux> \: = \frac{sum \: of \: all \: observation}{no \: of \: observation \: }$ $mean \: = \frac{10 + 20 + 30 + 40 + 50}{5}$ $mean \: = \frac{150}{5}$ $mean \: = 30$ - The mean of the following observation is 30

1380.

Find the mean of 10 ,20, 30,40,50

Answer»

align="absmiddle" ALT="\huge\fbox\red{A}\fbox\green{n}\fbox\purple{s}\fbox\orange{w}\fbox\red{e}\fbox\red{R}" class="latex-formula" id="TexFormula1" src="HTTPS://tex.z-dn.net/?f=%5Chuge%5Cfbox%5Cred%7BA%7D%5Cfbox%5Cgreen%7Bn%7D%5Cfbox%5Cpurple%7Bs%7D%5Cfbox%5Corange%7Bw%7D%5Cfbox%5Cred%7Be%7D%5Cfbox%5Cred%7Br%7D" title="\huge\fbox\red{A}\fbox\green{n}\fbox\purple{s}\fbox\orange{w}\fbox\red{e}\fbox\red{r}">

-No of observations = 5

________________________________________

$<klux>MEAN</klux> \: = \frac{sum \: of \: all \: observation}{no \: of \: observation \: }$

$mean \: = \frac{10 + 20 + 30 + 40 + 50}{5}$

$mean \: = \frac{150}{5}$

$mean \: = 30$

- The mean of the following observation is 30

Discussion

1381.	4) The interest on drawing is an income of the firm
Answer» ONG>ANSWER: ${\purple{\underline{\boxed{ \sf{Answer}}}}}$ ⤵️ True

1381.

4) The interest on drawing is an income of the firm

Answer» ONG>ANSWER:

${\purple{\underline{\boxed{ \sf{Answer}}}}}$ ⤵️

True

Discussion

1382.	A paid to B through C on behalf of D. A, B, C,D in ke book m kya kya entry hoga
Answer» ONG>EXPLANATION: $\huge\bold\blue{Answer!}$ fєrtílízαtíσn ín flσwєríng plαnts hαppєns thrσugh α prσcєss cαllєd pσllínαtíσn. pσllínαtíσn σccurs whєn pσllєn grαíns frσm thє αnthєr lαnd σn α stígmα. fєrtílízαtíσn σccurs whєn σnє σf thє spєrm cєlls fusєs wíth thє єgg ínsídє σf αn σvulє. αftєr fєrtílízαtíσn σccurs, єαch σvulє dєvєlσps íntσ α sєєd.

1382.

A paid to B through C on behalf of D. A, B, C,D in ke book m kya kya entry hoga

Answer» ONG>EXPLANATION:

$\huge\bold\blue{Answer!}$

fєrtílízαtíσn ín flσwєríng plαnts hαppєns thrσugh α prσcєss cαllєd pσllínαtíσn. pσllínαtíσn σccurs whєn pσllєn grαíns frσm thє αnthєr lαnd σn α stígmα. fєrtílízαtíσn σccurs whєn σnє σf thє spєrm cєlls fusєs wíth thє єgg ínsídє σf αn σvulє. αftєr fєrtílízαtíσn σccurs, єαch σvulє dєvєlσps íntσ α sєєd.

Discussion

1383.	Goods returned by Zakir Khan 5000 journal entry
Answer» ONG>ANSWER: sales return dr 5000 to ZAKIR KHAN 5000

1383.

Goods returned by Zakir Khan 5000 journal entry

Answer» ONG>ANSWER:

sales return dr 5000

to ZAKIR KHAN 5000

Discussion

1384.	Assume that you are a Post-graduate in Economics and assigned with the responsibility of analyzing the down trend of economy during its lockdown period due to COVID - 19. Interestingly, the Govt. of India played a key role in reviving the economy. How will you justify the role of Government? What role does the Central Bank play?
Answer» ONG>ANSWER: baidvsisb Explanation: beidvdmsodbnejdjr ekzibend iebk

1384.

Assume that you are a Post-graduate in Economics and assigned with the responsibility of analyzing the down trend of economy during its lockdown period due to COVID - 19. Interestingly, the Govt. of India played a key role in reviving the economy. How will you justify the role of Government? What role does the Central Bank play?

Answer» ONG>ANSWER:

baidvsisb

Explanation:

beidvdmsodbnejdjr ekzibend iebk

Discussion

1385.	200 000illustration 2X Ltd. has its H.O. in Delhi and a branch in Mumbai. H.O. supplied goods to its branch at cost plus 33/3%. From theparticulars given below prepare a Branch Trading Account in the books of H.O.ParticularsAmountParticularsAmount₹₹Opening Stock (I.P.)40,000 Sales:Goods sent to Branch (1.P.)2,50,000 Cash1,00,000Return to H.O. (I.P.)10,000 Credit3,00,000Discount allowed to customers10.00060,000Closing Stock (I.P.)It is estimated that 2% of the goods received are lost through natural wastage.
Answer» ONG>Answer: Ltd. has its H.O. in Delhi and a branch in Mumbai. H.O. supplied GOODS to its branch at cost plus 33/3%. From the particulars given below PREPARE a Branch TRADING Account in the books of H.O. Particulars Amount Particulars Amount ₹ ₹ Opening STOCK (I.P.) 40,000 Sales: Goods sent to Branch (1.P.) 2,50,000 Cash 1,00,000 Return to H.O. (I.P.) 10,000 Credit 3,00,000 Discount allowed to customers 10.000 60,000 Closing Stock (I.P.)

1385.

200 000illustration 2X Ltd. has its H.O. in Delhi and a branch in Mumbai. H.O. supplied goods to its branch at cost plus 33/3%. From theparticulars given below prepare a Branch Trading Account in the books of H.O.ParticularsAmountParticularsAmount₹₹Opening Stock (I.P.)40,000 Sales:Goods sent to Branch (1.P.)2,50,000 Cash1,00,000Return to H.O. (I.P.)10,000 Credit3,00,000Discount allowed to customers10.00060,000Closing Stock (I.P.)It is estimated that 2% of the goods received are lost through natural wastage.

Answer» ONG>Answer:

Ltd. has its H.O. in Delhi and a branch in Mumbai. H.O. supplied GOODS to its branch at cost plus 33/3%. From the

particulars given below PREPARE a Branch TRADING Account in the books of H.O.

Particulars

Amount

Particulars

Amount

₹

Opening STOCK (I.P.)

40,000 Sales:

Goods sent to Branch (1.P.)

2,50,000 Cash

1,00,000

Return to H.O. (I.P.)

10,000 Credit

3,00,000

Discount allowed to customers

10.000

60,000

Closing Stock (I.P.)

Discussion

1386.	Receivable Hint : Provision for Doubuui ULUITurnover RatioQ. 80. Calculate Trade Payables Turnover Ratio and Average Payment Periodfrom the following:Total PurchasesCash PurchasesPurchases Returns (out of credit purchases)Opening Balance of CreditorsOpening Balance of Bills PayablesClosing Balance of CreditorsClosing Balance of Bills Payables24,00,0006,40,00060,0003,00,00020,0003,50,00010,000
Answer» ONG>Answer: Trade Payables Turnover RATIO and Average PAYMENT Period from the FOLLOWING: Total Purchases Cash Purchases Purchases Returns (out of credit purchases) Opening Balance of Creditors Opening Balance of BILLS Payables Closing Balance of Creditors Closing Balance of Bills Payables 24,00,000 6,40,000 60,000

1386.

Receivable Hint : Provision for Doubuui ULUITurnover RatioQ. 80. Calculate Trade Payables Turnover Ratio and Average Payment Periodfrom the following:Total PurchasesCash PurchasesPurchases Returns (out of credit purchases)Opening Balance of CreditorsOpening Balance of Bills PayablesClosing Balance of CreditorsClosing Balance of Bills Payables24,00,0006,40,00060,0003,00,00020,0003,50,00010,000

Answer» ONG>Answer:

Trade Payables Turnover RATIO and Average PAYMENT Period

from the FOLLOWING:

Total Purchases

Cash Purchases

Purchases Returns (out of credit purchases)

Opening Balance of Creditors

Opening Balance of BILLS Payables

Closing Balance of Creditors

Closing Balance of Bills Payables

24,00,000

6,40,000

60,000

Discussion

1387.	Calculate Operating Ratio from following information Revenue from Operations '5,00,000, Sales Returns 1,00,000, Rate of Gross loss on Cost 20%, Wages '20,000, OfficeExpenses 75,000, Selling Expenses 50,000, Interest on Borrowings `20,000.
Answer» ong>Answer: Revenue from Operations '5,00,000, SALES Returns 1,00,000, Rate of GROSS loss on Cost 20%, Wages '20,000, Office Expenses 75,000, SELLING Expenses 50,000, Interest on Borrowings `20,000.

1387.

Calculate Operating Ratio from following information Revenue from Operations '5,00,000, Sales Returns 1,00,000, Rate of Gross loss on Cost 20%, Wages '20,000, OfficeExpenses 75,000, Selling Expenses 50,000, Interest on Borrowings `20,000.

Answer»

ong>Answer:

Revenue from Operations '5,00,000, SALES Returns 1,00,000, Rate of GROSS loss on Cost 20%, Wages '20,000, Office

Expenses 75,000, SELLING Expenses 50,000, Interest on Borrowings `20,000.

Discussion

1388.	Neelam and ansh were partners in a firm
Answer» ong>ANSWER: are u ASKING a question are saying saying something Explanation: MAKE me as BRAINLIST

1388.

Neelam and ansh were partners in a firm

Answer»

ong>ANSWER:

are u ASKING a question are saying saying something

Explanation:

MAKE me as BRAINLIST

Discussion

1389.	Which Accounting Convention states that same accounting principles should be used for preparing financial statements year after year. Explain that convention. (see lesson-2)
Answer» ong>Answer: Convention of CONSERVATISM. The convention of CONSISTENCY MEANS that same ACCOUNTING principles should be USED for preparing financial statements year after year.

1389.

Which Accounting Convention states that same accounting principles should be used for preparing financial statements year after year. Explain that convention. (see lesson-2)

Answer»

ong>Answer:

Convention of CONSERVATISM. The convention of CONSISTENCY MEANS that same ACCOUNTING principles should be USED for preparing financial statements year after year.

Discussion

1390.	You are looking at the Profit and Loss A/c's of two different business enterprises. You 2.come across the term Depletion' in the first case and 'Amortisation' in second case.State the types of business of the two enterprises.
Answer» ong>Answer: this is your answer EXPLANATION: PLEASE FOLLOW

1390.

You are looking at the Profit and Loss A/c's of two different business enterprises. You 2.come across the term Depletion' in the first case and 'Amortisation' in second case.State the types of business of the two enterprises.

Answer»

ong>Answer:

this is your answer

EXPLANATION:

PLEASE FOLLOW

Discussion

1391.	Difference between self balancing system and sectional balancing system
Answer» ference between SELF balancing and sectional balancing 1 in sectional balancing system total debtors account in total characters account opened in the GENERAL ledger book whereas in SRF balancing system for adjustment accounts are opened in the general ledger SALES ledger and purchase ledger

Discussion

1392.	opening stock of goods 1000 kg at the rate of 10 rupees per kg purchase 5000 kgs at the rate rupees 14 per kg sales 3000kg value of closing stock under fifo method is
Answer» tock=1000 purchase 14perkg 500014=70000 sales 3000×15=45000 Explanation:* CLOSING stock=op.stock+purchase-sales=1000+70000-45000 =71000-45000=26000

1392.

opening stock of goods 1000 kg at the rate of 10 rupees per kg purchase 5000 kgs at the rate rupees 14 per kg sales 3000kg value of closing stock under fifo method is

Answer»

tock=1000

purchase

14perkg

5000*14=70000

sales

3000×15=45000

Explanation:

CLOSING stock=op.stock+purchase-sales=1000+70000-45000

=71000-45000=26000

Discussion

1393.	Observe and answer:- study the following worksheet from a spreadsheet file and answer the questions given below:a. identify a cell that contains a label. b. write down a formula that could be in cell F2, to calculate the average price of loaf of bread.c. write down a formula that could be in cell B10, to add a the total cost of food from each supermarket.d. write down a formula that could be in cell G2, find the lowest price of the loaf of bread from the supermarkets
Answer» ong>Answer: 2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and CAPITAL (3M) (1) Goods A/C (2) Wages A/C (3) Loan A/C (4) Debtors A/C (5) Creditors A/C (6) Furniture A/C (7) BILLS Receivable A/C (8) Meena's Capital A/c (9) Drawing A/C (10) Discount A/C (11) Rent Received A/c (12) Building A/C CANA

1393.

Observe and answer:- study the following worksheet from a spreadsheet file and answer the questions given below:a. identify a cell that contains a label. b. write down a formula that could be in cell F2, to calculate the average price of loaf of bread.c. write down a formula that could be in cell B10, to add a the total cost of food from each supermarket.d. write down a formula that could be in cell G2, find the lowest price of the loaf of bread from the supermarkets

Answer»

ong>Answer:

2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and CAPITAL (3M)

(1) Goods A/C

(2) Wages A/C

(3) Loan A/C

(4) Debtors A/C

(5) Creditors A/C

(6) Furniture A/C

(7) BILLS Receivable A/C (8) Meena's Capital A/c (9) Drawing A/C

(10) Discount A/C

(11) Rent Received A/c (12) Building A/C

CANA

Discussion

1394.	on 1 st Jan 1975 a Ltd of Calcutta consigned to India traders of Delhi 250 table fans invoiced at ₹275
Answer» ONG>ANSWER: I don't know Explanation: have a GOOD DAY

1394.

on 1 st Jan 1975 a Ltd of Calcutta consigned to India traders of Delhi 250 table fans invoiced at ₹275

Answer» ONG>ANSWER:

I don't know

Explanation:

have a GOOD DAY

Discussion

1395.	Which one of the following is not an example of credit balance account? a) capital accountb) purchase return bookc) sales accountd) drawing account
Answer» ong>ANSWER: drawing ACCOUNT EXPLANATION: I am not SURE about this

1395.

Which one of the following is not an example of credit balance account? a) capital accountb) purchase return bookc) sales accountd) drawing account

Answer»

ong>ANSWER:

drawing ACCOUNT

EXPLANATION:

I am not SURE about this

Discussion

1396.	Purchase book is prepared for the recording of a) goods puchasedb)assets purchasedc) both a and bd) only credit purchase goods
Answer» ONG>Answer: both a and b Explanation: hope it will HELP you soon

1396.

Purchase book is prepared for the recording of a) goods puchasedb)assets purchasedc) both a and bd) only credit purchase goods

Answer» ONG>Answer:

both a and b

Explanation:

hope it will HELP you soon

Discussion

1397.	On 1.4.2020, the godown of Vista Ltd. was destroyed by fire and a considerable part of the stock was destroyed. The stock salvaged was Rs. 40,000. Vista Ltd. had taken a fire insurance policy for Rs. 1,68,000 to cover the loss of stock by fire.The records of the company revealed the following particulars:Rs.Stock on 01.01.2019 1,70,000Stock on 31.12.2019 2,20,000Purchases during 2019 4,10,000Sales during 2019 5,30,000Purchase from 01.01.2020 to the date of fire 75,000Sales from 01.01.2020 to the date of fire 1,00,000Wages paid during 2019 89,160Wages paid from 01.01.2020 to the date of fire 23,500It was the practice of the company to value its stock at cost plus 10%. Calculate the amount of claim to be submitted to the Insurance Company
Answer» ong>Answer: the stock was destroyed. The stock SALVAGED was Rs. 40,000. VISTA Ltd. had taken a fire insurance policy for Rs. 1,68,000 to cover the LOSS of stock by fire. The records of the COMPANY revealed the following particulars: Rs. Stock on 01.01.2019 1,70,000 Stock on 31.12.2019 2,20,000 Purchases during 2019 4,10,000 Sales during 2019 5,30,000 Purchase from 01.01.2020 to the date of fire 75,000

1397.

On 1.4.2020, the godown of Vista Ltd. was destroyed by fire and a considerable part of the stock was destroyed. The stock salvaged was Rs. 40,000. Vista Ltd. had taken a fire insurance policy for Rs. 1,68,000 to cover the loss of stock by fire.The records of the company revealed the following particulars:Rs.Stock on 01.01.2019 1,70,000Stock on 31.12.2019 2,20,000Purchases during 2019 4,10,000Sales during 2019 5,30,000Purchase from 01.01.2020 to the date of fire 75,000Sales from 01.01.2020 to the date of fire 1,00,000Wages paid during 2019 89,160Wages paid from 01.01.2020 to the date of fire 23,500It was the practice of the company to value its stock at cost plus 10%. Calculate the amount of claim to be submitted to the Insurance Company

Answer»

ong>Answer:

the stock was destroyed. The stock SALVAGED was Rs. 40,000. VISTA Ltd. had taken a fire

insurance policy for Rs. 1,68,000 to cover the LOSS of stock by fire.

The records of the COMPANY revealed the following particulars:

Rs.

Stock on 01.01.2019 1,70,000

Stock on 31.12.2019 2,20,000

Purchases during 2019 4,10,000

Sales during 2019 5,30,000

Purchase from 01.01.2020 to the date of fire 75,000

Discussion

1398.	Page 2019Jan 1Jan 5=Jan 8 -Saulo=[o prepare single column cash book of kumar treadersStarted bussiness with cash 18,000Goods sold fore hash hooocash deposited in to bank 2500Purchased machinery for 4500.Jan 12 Stationary Eupenses 1000.Jan 15=Purchased goools for cash 5000.Jan 20 = Cash withdraw from bank for personal use 1500Jan 24 = Ruut Recieved 1500Jan 28= lash paid to Ramya 2000Jango Commision Recieved 1000.
Answer» ONG>ANSWER: answer is... I don't know MATE.... you do 8T yourself

Discussion

1399.	C of Calcutta sent 100 bicycles to B of Mumbai to be sold on consignment basis on 1.1.2014. The cost of each bicycle was ~ 800, C incurred ~ 500 for freight, ~ 750 for cooli charges and ~ 850 for insurance premium. On 31.12.2014, C received on Account Sales from B, which showed that he sold 80 bicycles @ ~ 1,200 each and after deducting his commission and expenses amounting to ~ 20,000, he sent the balance amount by a draft with the Account Sales. According to contract, B is entitled to get ordinary commission @ 10% and del credere commission @ 5% on sale proceeds. Show important Ledger Accounts in the books of both the parties.
Answer» ong>ANSWER: ACCOUNTING or Accountancy is the MEASUREMENT, processing, and communication of financial and non financial information about ECONOMIC entities such as businesses and corporations. Organizations in this sector: Institute of Chartered Accountants in England and Wales

1399.

C of Calcutta sent 100 bicycles to B of Mumbai to be sold on consignment basis on 1.1.2014. The cost of each bicycle was ~ 800, C incurred ~ 500 for freight, ~ 750 for cooli charges and ~ 850 for insurance premium. On 31.12.2014, C received on Account Sales from B, which showed that he sold 80 bicycles @ ~ 1,200 each and after deducting his commission and expenses amounting to ~ 20,000, he sent the balance amount by a draft with the Account Sales. According to contract, B is entitled to get ordinary commission @ 10% and del credere commission @ 5% on sale proceeds. Show important Ledger Accounts in the books of both the parties.

Answer»

ong>ANSWER:

ACCOUNTING or Accountancy is the MEASUREMENT, processing, and communication of financial and non financial information about ECONOMIC entities such as businesses and corporations.

Organizations in this sector: Institute of Chartered Accountants in England and Wales

Discussion

1400.	Which of the following statements are true? A) Financial statements are only interim report BFinancial statements are also known as annualrecords. C) Financial statements are historic.
Answer» ong>ANSWER: Financial STATEMENTS are HISTORIC

1400.

Which of the following statements are true? A) Financial statements are only interim report BFinancial statements are also known as annualrecords. C) Financial statements are historic.

Answer»

ong>ANSWER:

Financial STATEMENTS are HISTORIC

Discussion

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