10977 + Interview Questions in Secondary School in Accountancy Page 9 InterviewSolution

401.	Payment by draft to a creditor. what will be the journal entry and why? . reply asap pls
Answer» Answer: When we need to pay that account, we need to debit accounts payable, and credit cash. CREDITOR are the RECEIVER so as per rule creditors will be debit and payment is done by COMPANY so cash / bank account is CREDITED as RULES “ credit what goes out . Real account and personal account.

401.

Payment by draft to a creditor. what will be the journal entry and why? . reply asap pls

Answer»

Answer:

When we need to pay that account, we need to debit accounts payable, and credit cash. CREDITOR are the RECEIVER so as per rule creditors will be debit and payment is done by COMPANY so cash / bank account is CREDITED as RULES “ credit what goes out . Real account and personal account.

404.	Cheque endorsed to Sohan become dishonored
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412.	1april business started with cash rupees 60,000.solution
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439.	Double colum cash book (with discount and bank column without (GST)on 1 Jan 2020 Jatin Chopra opened a bank account by depositingAll poments are to be made by cheque and all remittances receivedthe bank on the same day on which they are received. Enter the followcash book with discount and bank columnsJan. 2 Cash sales? 560Paid Lal Chand 380 after deducting discount 5%Jan. 3 Received from Madan Lal a cheque for 3 1,480 discount allowedReceived cash from Anand Prakash 780Purchased on iron safe 425Jan. 4 Paid Jindal Bros. 3 500 on accountMadan Lal's cheque dishonouredReceived a money order for 45 from Hari ShankarJee Received from Navin & Co. a cheque towards payment1.500 Less 2% cash discountReceived from Sohan Lal in cash 980 after deduction of 2Jan Paid electric charges 15.
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440.	8. Prepare Balance Sheet of Videocon Ltd., as on 31 March, 2015.40,000 shares of 10 each 8 called upCalls in arrears 500 shares @ 72Share Forfeited AccountGeneral ReserveSecurities Premium ReserveTrade PayablesVehiclesFurnitureTrade Receivables3,20,0001.0003,00012,0008,00018,0002.60.00080.00020.000
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Payment by draft to a creditor. what will be the journal entry and why? . reply asap pls​

What is journal entry and why?

Cheque endorsed to Sohan become dishonored​

WHY IS SUSPENSE ACCOUNT CREATED

What is meant by non current assets

JUU 2., TVWf5125:3. They admit C and D as new partners. A sacrificesand B sacrificesratio.[Ans. New Ratio 5: 2:5:4]14Q. 16 (B). A and B are partners in a firm sharing profits and losses in the ratio ofof his share in favour offrom his share in favour of D. Calculate their new profit sharing​

Question :paid for courier charges 1,000 with CGST and SGST 6% Journal: courier a/c dr 1,000............ Input cgst a/c dr.......... Input sgsta/c dr........ To cash a/c Why it is input cgst and sgst why not output....plz explain if you know put don't spam.

Give 2 examples of current assets

CURRENT assets include CASH, cash equivalents, accounts RECEIVABLE, stock inventory, MARKETABLE securities, pre-paid liabilities, and other liquid assets.

Pass the journal entries for the following (first question)

What are fixed assets?

ASSETS is a LONG TERM tangible a piece of property or equipment that a firms own and uses in its operation to generate income is known as FIXED assets...

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1april business started with cash rupees 60,000.solution

Pg no. 9.57 of dk goyal solutions of class 11 ch- books of real a/c -journal

“While Financial Accounting is external, Cost Accounting is internal to the business”. Explain.

What are intangible assets? give 3 examples

Can anyone explain how cash flow statement is made ??​

Dinesh started business introducing capital of rupees 1,50,000 in cash

Depository Participants are agents appointed by the company with the approval of SEBI true or false

What are tangible assets? give three examples.

Entry for deposit of cash in bank at end of day

Mention various method for computing the value of good will​

What is other name of capital employed?​

If super profit is zero or in minus ,then what is called about good will​

Calculat 12.5% P.A. depreciation on furniture. a)on220000 for1 year b)on 10000 for6 monthes​

Sona started bussiness with cheque 5lakh and goods 400000​

So what I can do with this QUESTION DEAR FRIEND?????????

Proprietor ratio can be expressed in which forms​

What is accounting? write its objectives. Please give in points..not paragraph

Match the following -a) Credit purchaseb) Depreciation c) Goods returned to Alisha d) Trade discount allowed.

Charge depreaction of the fixed assets @5% for 73 days

if the post covid19 era if rbi increases the crr rate from 3% to 4.5% then how it impacts on the available balance of the banks

Out of inaurance paid this year 3000 is related to next year journal entry​

Main source of Income for a Not-for-profit Organisation is(a) Rent (b) Salaries(c) Donations and Subscriptions (d) Sale of Assets​

Calculate the amount of prize fund to be shown on liability side of Balance sheet​

Sold goods worth ₹40000 at 10% loss 25% of the payment Recieved in cash​

Angad was paid only Rs. 5000( in full settlement) for his loan to the firm which amounted to Rs. 5500(pass journal entries)

Write about liability?​

When there is a RISK in any activity to have to SPECIFY what is the risk involved and who should be careful.

Can anyone tell me how to get share of goodwill ​

Write about assets?​

Give me the ans please​

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3, 10, 101.….1)101012) 102013) 102024)11012pls don't keep wrong answerand pls keep the answer with solutions​

Payment by draft to a creditor. what will be the journal entry and why? . reply asap pls

Cheque endorsed to Sohan become dishonored

JUU 2., TVWf5125:3. They admit C and D as new partners. A sacrificesand B sacrificesratio.[Ans. New Ratio 5: 2:5:4]14Q. 16 (B). A and B are partners in a firm sharing profits and losses in the ratio ofof his share in favour offrom his share in favour of D. Calculate their new profit sharing

Can anyone explain how cash flow statement is made ??

Mention various method for computing the value of good will

What is other name of capital employed?

If super profit is zero or in minus ,then what is called about good will

Calculat 12.5% P.A. depreciation on furniture. a)on220000 for1 year b)on 10000 for6 monthes

Sona started bussiness with cheque 5lakh and goods 400000

Proprietor ratio can be expressed in which forms

Out of inaurance paid this year 3000 is related to next year journal entry

Main source of Income for a Not-for-profit Organisation is(a) Rent (b) Salaries(c) Donations and Subscriptions (d) Sale of Assets

Calculate the amount of prize fund to be shown on liability side of Balance sheet

Sold goods worth ₹40000 at 10% loss 25% of the payment Recieved in cash

Write about liability?

Can anyone tell me how to get share of goodwill

Write about assets?

Give me the ans please

3, 10, 101.….1)101012) 102013) 102024)11012pls don't keep wrong answerand pls keep the answer with solutions