Description : When goods are sold on credit ___________ account is credited.
Last Answer : When goods are sold on credit ___________ account is credited. (a) Buyer’s A/c (b) Cash A/c (c) Sales A/c (d) Seller’s A/c
Description : When a specific date is not given, in that case, interest on the drawing is charged for ___________ month.
Last Answer : When a specific date is not given, in that case, interest on the drawing is charged for ___________ month. (a) Four (b) Six (c) Eight (d) Nine
Description : Drawing account is closed by transferring the balance to the _________ account.
Last Answer : Drawing account is closed by transferring the balance to the _________ account. (a) Drawing (b) Liabilities (c) Assets (d) Capital
Description : Carriage Inward is debited to ___________ Account.
Last Answer : Carriage Inward is debited to ___________ Account. (a) Trading A/c (b) Profit & Loss (c) Capital (d) Bank
Description : Discount earned is transferred to credit side of ___________ account.
Last Answer : Discount earned is transferred to credit side of ___________ account. (a) Current A/c (b) Profit & Loss Account (c) Trading (d) Capital
Description : In his book general theory of employment, interest and money, what was keynes credited with?
Last Answer : creating and shaping modern macroeconomics
Description : Interest credited in Pass Book is an income to the customer.
Last Answer : State whether the following statement are True or False with reason : Interest credited in Pass Book is an income to the customer.
Description : Which account is credited when Salary is paid by cheque?
Last Answer : Which account is credited when Salary is paid by cheque?
Description : Why was the full sale amount not credited to my PayPal account after selling an item on eBay?
Last Answer : There is a "seller's fee" charged on transactions.You as the seller get what is left after deducting this fee fromthe amount the buyer payed.
Description : XYZ Ltd. issued 10,000 shares of Rs. 100 each at Rs. 120 per share with Rs. 25 on application, Rs. 45 on allotment including premium, Rs. 20 on first call and Rs. 30 on final call. Govind who held 200 shares did not pay ... forfeiture ? (A) Rs. 14,000 (B) Rs. 10,000 (C) Rs. 9,000 (D) Rs. 4,000
Last Answer : Answer: Rs. 10,000
Description : R. G. Ltd. purchased machinery from K.G. Company for a book value of Rs. 4,00,000. The consideration was paid by issue of 10%. Debenture of Rs. 100 each at a discount of 20%. The debenture account will be credited by– (A) Rs. 4,00,000 (B) Rs. 5,00,000 (C) Rs. 3,20,000 (D) Rs. 4,80,000
Last Answer : Answer: Rs. 4,00,000
Description : In case of failed ATM transactions, if the amount is not credited to customer‟s account within 7 working days from the date of receipt of the complaint. Banks have to pay compensation at the rate of Rs.________ per day. A. 150 B. 200 C. 100 D. 10 E. 50
Last Answer : C. 100 Explanation: Reconciliation of failed transactions at ATMs – For any failure to re-credit the customer‘s account within 7 working days from the date of receipt of the complaint, the bank will pay compensation of Rs.100/-, per day, to the aggrieved customer.
Description : Which of the following percentage of foreign exchange earnings can be credited to the EEFC account? A. 80% B. 90% C. 75% D. 95% E. 100%
Last Answer : E. 100% Explanation: under EEFC account, a facility provided to the foreign exchange earners, including exporters, to credit 100 per cent of their foreign exchange earnings to the account. ... have to convert foreign exchange into Rupees and vice versa, thereby minimizing the transaction costs.
Description : In case the depositor not made any transaction in PPF account. a) Rs 50/- will be collected for the one financial year b) Rs 100/- will be collected for no transaction was made for two financial ... of cash and credited into UCR c) Condone default is called to the defaulted deposit d) All the above
Last Answer : d) All the above
Description : Redirection fee for redirecting parcels should be collected a) In cash and credited in to account as such b) In cash and credited under UCR head c) Should be collected in the form of undefaced postage stamps d) Should be affixed on the parcel in the form of postage stamps and defaced
Last Answer : c) Should be collected in the form of undefaced postage stamps
Description : The annual fee of business reply card should be realized in advance and credited to a) Postmaster Account b) UCP c) UCR d) None of these
Last Answer : c) UCR
Description : Payment related with Compensation for registered articles should be credited ---------- account head a. Bills Paid b. refund of article c. UCP
Last Answer : c. UCP
Description : Payment of account of international and commonwealth reply coupons has to be credited ---------------- account head a. UCP b. Bills Paid c. Payment of refund
Last Answer : a. UCP
Description : In preparing closing entries for a merchandising company, the Income Summary account will be credited for the balance of a. sales. b. merchandise inventory. c. sales discounts. d. freight-out.
Last Answer : b. merchandise inventory.
Description : When a seller grants credit for returned goods, the account that is credited is a. Sales. b. Sales Returns and Allowances. c. Merchandise Inventory. d. Accounts Receivable.
Last Answer : d. Accounts Receivable.
Description : When goods are returned that relate to a prior cash sale, a. the Sales Returns and Allowances account should not be used. b. the cash account will be credited. c. Sales Returns and Allowances will be credited. d. Accounts Receivable will be credited.
Last Answer : b. the cash account will be credited.
Description : In preparing closing entries a. each revenue account will be credited. b. each expense account will be credited. c. the retained earnings account will be debited if there is net income for the period. d. the dividends account will be debited.
Last Answer : b. each expense account will be credited.
Description : In order to close the dividends account, the a. income summary account should be debited. b. income summary account should be credited. c. retained earnings account should be credited. d. retained earnings account should be debited.
Last Answer : d. retained earnings account should be debited.
Description : In process costing, if an abnormal loss arises, the process account is generally (a) Debited with the scrap value of the abnormal loss units (b) Debited with the full production cost of the abnormal loss units (c) Credited with the scrap value of the abnormal loss units
Last Answer : (d) Credited with the full production cost of the abnormal loss units
Description : Cash discount allowed to a debtor should be credited to a) Discount account b)Customer’s account c) Sales account d) Cash account
Last Answer : b)Customer’s account
Description : Rent paid to landlord should be credited to a) Landlords account b) Rent account c)Cash account d) Expense account
Last Answer : c)Cash account
Description : When shares issued at premium which of the following account is credited? A. Share premium account B. Share first call account C. Share allotment account D. Share forfeited account
Last Answer : A. Share premium account
Description : ___________ defeated the Yadavas of Devgiri and the rule of Delhi Sultans began in south India.
Last Answer : Choose the correct reason and complete the sentence: ___________ defeated the Yadavas of Devgiri and the rule ... (c) Humayun (d) Alauddin Khalji
Description : After Chhatrapati Sambhaji Maharaj, ___________ took over the reins at Raigad.
Last Answer : Choose the correct reason and complete the sentence: After Chhatrapati Sambhaji Maharaj, ___________ ... Shahu Maharaj (d) Shiva Maharaj
Description : ___________ was the leader of the Rohillas.
Last Answer : Choose the correct reason and complete the sentence: ___________ was the leader of the Rohillas. (a) Najib ... (c) Adilshah (d) None of them
Description : ___________ is regarded as the visionary of Swarajya.
Last Answer : ___________ is regarded as the visionary of Swarajya. (a) Veermata Jeejabai (b) ... Shivaji Maharaj (d) Chhatrapati Sambhaji Maharaj
Description : ___________ defeated the Yadavas of Devgiri.
Last Answer : ___________ defeated the Yadavas of Devgiri. (a) Alauddin Khalji (b) Muhmmad Tughluq (c) Hasan Gangu Bahamani (d) Qutubuddin Aibak
Description : ___________ was a Sanskrit scholar.
Last Answer : ___________ was a Sanskrit scholar. (a) Dara Shukoh (b) Aurangzeb (c) Shah Shuja (d) Murad Baksh
Description : ___________ was the king of Farghana province in Central Asia.
Last Answer : ___________ was the king of Farghana province in Central Asia. (a) Taimurlang (b) Babur (c) Genghis khan (d) Akbar
Description : ___________ built Alai Darwaza.
Last Answer : ___________ built Alai Darwaza. (a) Alberuni (b) Alauddin Khalji (c) Qutubuddin Aibak (d) Iltutmish
Description : ___________ wrote a text called ‘Amuktamalyada’.
Last Answer : ___________ wrote a text called ‘Amuktamalyada’. (a) Harihara (b) Bukka (c) Krishnadeva Raya (d) Purnaiya
Description : ___________ is the founder of the Slave Dynasty.
Last Answer : ___________ is the founder of the Slave Dynasty. (a) Qutubuddin Aibak (b) Mohd. Ghori (c) Sultan of Ghazni (d) Alauddin Khalji
Description : ___________ is identified with Babylon.
Last Answer : ___________ is identified with Babylon. (a) Nangarhar (b) Gandhara (c) Kandahar (d) Baveru
Description : ___________ trained by sailors to reach the coast safely were called ‘Dishakak’.
Last Answer : ___________ trained by sailors to reach the coast safely were called ‘Dishakak’. (a) Sparrows (b) Crows (c) Kingfishers (d) Pigeons
Description : ___________ was the head of trade guilds.
Last Answer : ___________ was the head of trade guilds. (a) Shreshthi (b) Sarthavaha (c) Malakara (d) Dasaka
Description : Gatha Saptashati reflects the social life in ___________ of the Satavahana period.
Last Answer : Gatha Saptashati reflects the social life in ___________ of the Satavahana period. (a) Maharashtra (b) Tamilnadu (c) Uttar Pradesh d) Bihar
Description : ___________ wrote Brihatkatha.
Last Answer : ___________ wrote Brihatkatha. (a) Hala (b) Gunadhya (c) Patanjali (d) Panini
Description : ___________ established a second capital at Vidisha.
Last Answer : ___________ established a second capital at Vidisha. (a) Chandragupta Maurya (b) Bimbisara (c) Pushyamitra Shunga (d) Hala
Description : ___________ was the last king of the Mauryan dynasty.
Last Answer : ___________ was the last king of the Mauryan dynasty. (a) Asoka (b) Pushyamitra (c) Brihadratha (d) Dhanananda
Description : ___________ was the founder of the Nanda dynasty.
Last Answer : ___________ was the founder of the Nanda dynasty. (a) Shishunaga (b) Ashoka (c) Ajatashatru (d) Mahapadma
Description : In the 6th century BCE, the ___________ dynasty ruled over Magadha.
Last Answer : In the 6th century BCE, the ___________ dynasty ruled over Magadha. (a) Maurya (b) Gupta (c) Haryanka (d) Sunga
Description : ___________ was the first Chakravarti Emperor.
Last Answer : ___________ was the first Chakravarti Emperor. (a) Chandragupta Maurya (b) Bimbisara (c) Mahapadma (d) Bindusara
Description : The empire of ___________ became strong during the struggle of four Mahajanapadas.
Last Answer : The empire of ___________ became strong during the struggle of four Mahajanapadas. (a) Kasi (b) Kosala (c) Avanti (d) Magadha
Description : There existed ___________ Mahajanapadas in ancient India.
Last Answer : There existed ___________ Mahajanapadas in ancient India. (a) Fourteen (b) Fifteen (c) Sixteen (d) Seventeen
Description : ___________ was the capital of Asmaka.
Last Answer : ___________ was the capital of Asmaka. (a) Potali (b) Varanasi (c) Vaishali (d) Mathura