Questions in Accountancy

We can t select cash in journal voucher

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We can't select cash in the journal voucher

Loose tools account is which type of account

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What are loose tools and explain its treatment in final accounts?

Abnormal items included in closing stock should be

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Abnormal items included in closing stock should beopening stock can be ascertained by preparing

Civil liability of an auditor implies liability for

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Civil liability of an auditor implies liability for? a. Misappropriation of cashb. Misappropriation of goodsc. Misfeasanced. Fraud ​

Discount allowed is a kind of deduction from

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Discount allowed is a kind of deduction from which account

Goods which are slow moving are called as

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Under fire insurance claim goods which are slow moving or damaged are called as option normal goodsabnormal goodsfictitious goodsobsolete goods​

Which financial statement uses the expanded accounting equation

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Which financial statement uses the expanded accounting equation? Income Statement Balance Sheet Cash Flow Statement Statement of Stock Holders Equity

Memorandum voucher does not affect books of account

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Memorandum voucher does not affect books of account

Xyz ltd is registered with an authorised capital

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XYZ Ltd. is registered with an authorised capital of ₹ 2,00,000 divided into 2,000 shares of ₹ 100 each of which 1,000 shares were offered for public subscription at a …

Reema and seema are partners sharing profits equally

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reema and seema are partners sharing profit equally reema and seema get 15000 salary per month interest on capital allowed 5 percent p.a. interest on drawings charged 10 percent p.a. …

The basic function of financial accounting is to

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basic function of accounting is to (a) recording all buisiness transaction (b) interpret financial data (c) assist the management .(d) non of these​

Rita and sobha are partners in a firm

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35. Rita and Sobha are partners in a firm, Fancy Garments Exports, sharing profits and losses equally. On 1st April 2020 the Balance Sheet of the firm wasAsets3 …

Bank reconciliation statement compares a bank statement with

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Bank reconciliation statement compares a bank statement with _________

Cvp analysis requires costs to be categorized as

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24. CVP analysis requires costs to be categorized as (a) fixed variable(b) Direct or indirect(c) Product or period (d) Standard or actual​

Journal entry for goods withdrawn for personal use

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Withdrawn goods for personal use Journal entry give

The credit balance of income and expenditure account

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The credit balance of an income and expenditure account indicates Deficit ​

Excess of income over expenditure is termed as

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Excess of income over Expenditure is termed as ________. (Fill in the blank by choosing correct option) a) deficit b) profit c) surplus d) loss

Indirect material used in production is classified as

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• Indirect material used inproduction is classified as​

Income and expenditure account is a real account

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Income and expenditure account is a nominal account ( true/ false ​

What item is not included in cost accounting

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What item is not included in cost accounting ​

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Enter the following transaction in the journal of mudit

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A company whose accounting year is the calendar year

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Bookkeeping mainly concerns with which part of accounting process

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