(i) Bills Payable A/c (ii) Bank of India A/c (iii) Carriage Inwards A/c

(i) Bills Payable A/c (ii) Bank of India A/c (iii) Carriage Inwards A/c
by

1 Answer

Answer :

Classify the following accounts under the types of Personal, Real, and Nominal accounts : (i) Bills Payable ... Stock A/c (v) Accrued Interest A/c
by
selected by

Related questions

(i) Bank A/c (ii) 12% Government Bonds A/c (iii) Carriage A/c

Description : (i) Bank A/c (ii) 12% Government Bonds A/c (iii) Carriage A/c

Last Answer : Classify the following accounts under the types of Personal, Real, and Nominal accounts : (i) Bank A/c ... (iv) Advertisement A/c (v) Conveyance A/c

(i) Rent paid A/c (ii) Prepaid Insurance A/c (iii) Carriage Outwards A/c

Description : (i) Rent paid A/c (ii) Prepaid Insurance A/c (iii) Carriage Outwards A/c

Last Answer : Classify the following accounts under the types of Personal, Real, and Nominal accounts : (i) Rent paid A/ ... c (v) Profit on sale of machinery A/c

(i) Sales A/c (ii) Return Inwards A/c (iii) Rent received A/c

Description : (i) Sales A/c (ii) Return Inwards A/c (iii) Rent received A/c

Last Answer : Classify the following accounts under the types of Personal, Real, and Nominal accounts : (i) Sales A/c ... iv) Wages A/c (v) Discount received A/c

Debtors Turnover ratio is also known as (i) Receivables turnover ratio (ii) Debtors velocity (iii) Stock velocity (iv) Payable turnover ratio A. (i) and (ii) B. (i) and (iii) C. (ii) and (iii) D. (iii) and (iv)

Description : Debtors Turnover ratio is also known as (i) Receivables turnover ratio (ii) Debtors velocity (iii) Stock velocity (iv) Payable turnover ratio A. (i) and (ii) B. (i) and (iii) C. (ii) and (iii) D. (iii) and (iv)

Last Answer : A. (i) and (ii)

(i) Bank overdraft is an Asset of the business concern.

Description : (i) Bank overdraft is an Asset of the business concern.

Last Answer : Correct and Rewrite the following statements: (i) Bank overdraft is an Asset of the business ... expenses, and purchase transferred to Trading A/c)

(i) Bank issue __________ to current account holders as record or summary for bank transactions.

Description : (i) Bank issue __________ to current account holders as record or summary for bank transactions.

Last Answer : Complete the following statements: (i) Bank issue __________ to current account holders as record or ... is an unfavorable balance as per Pass Book.

(i) Bank Reconciliation Statement is prepared by Bank.

Description : (i) Bank Reconciliation Statement is prepared by Bank.

Last Answer : Do you agree or disagree with the following statements: (i) Bank Reconciliation Statement is ... balance in Pass Book represents overdraft balance.

Do you know of any chaotic/problematic characters in literature that transform through looking inwards?

Description : Do you know of any chaotic/problematic characters in literature that transform through looking inwards?

Last Answer : Hmm, Dr. Strange? How about Tony Stark?

Do you pin postcards up with the writing outwards or inwards?

Description : Do you pin postcards up with the writing outwards or inwards?

Last Answer : I don’t have a board to post my posts on. My letters are lazily stored on my dresser, in a large envelope, and in a red box. If I were to tack them on a board, I would probably have the writing face me. Seeing the handwriting of friends and family makes me happy :)

Assertion Net torque in the current carrying loop placed in a uniform magnetic field (pointing inwards) is zero. Reasonl Magnetic moment (M) is inward

Description : Assertion Net torque in the current carrying loop placed in a uniform magnetic field (pointing inwards) is zero. Reasonl Magnetic moment (M) is inward

Last Answer : Assertion Net torque in the current carrying loop placed in a uniform magnetic field (pointing inwards) ... . Reasonl Magnetic moment (M) is inwards.

Where does carriage inwards go to in the trial balance?

Description : Where does carriage inwards go to in the trial balance?

Last Answer : What is the answer ?

What symbol has a green and yellow arrow pointing inwards?

Description : What symbol has a green and yellow arrow pointing inwards?

Last Answer : It's EverymanHYBRID's logo.

Railway tracks are banked on curves so that : (1) the train may not fall down inwards. (2) the weight of the train may be reduced. (3) necessary centripetal force may be obtained from the horizontal component of the normal reaction due to track. (4) no frictional force may be produced between the wheels and the track.

Description : Railway tracks are banked on curves so that : (1) the train may not fall down inwards. (2) the weight of the train may be reduced. (3) necessary centripetal force may be obtained from the ... normal reaction due to track. (4) no frictional force may be produced between the wheels and the track.

Last Answer : (3) necessary centripetal force may be obtained from the horizontal component of the normal reaction due to track. Explanation: A vehicle moving at a fast speed on a straight rail/ road has ... it experiences an additional force, termed as centripetal force, acting towards the centre of the circle.

Railway tracks are banked on curves so that – (1) Necessary centrifugal force may be obtained from the horizontal component of the weight of the train (2) No frictional force may be produced between the tracks and the wheels of the train (3)Necessary centripetal force may be obtained from the horizontal component of the weight of the train (4) The train may not fall down inwards

Description : Railway tracks are banked on curves so that - (1) Necessary centrifugal force may be obtained from the horizontal component of the weight of the train (2) No frictional force may be produced between the ... the horizontal component of the weight of the train (4) The train may not fall down inwards

Last Answer : (3) Necessary centripetal force may be obtained from the horizontal component of the weight of the train

Roads are bent inwards on curves. Why?

Description : Roads are bent inwards on curves. Why?

Last Answer : Ans: The roads are bent inwards on the curves and at the turns because the bents avoid falling outside and prevent the accidents. OR When an object turns in a circle it is influenced by a centrifugal ... in a way that these bent inward at the turns to avoid falling outside and to prevent accidents.

Roads are bent inwards on curves.

Description : Roads are bent inwards on curves.

Last Answer : 1- The centrifugal force experienced by the vehicle is lowered by the raised end, so the vehicle doesn’t skit or goes off from the road. 2- The centripetal force is supplemented by the gravitaional forces from below.

Charges filled inside a cylindrical will possess flux in which direction? a) Upwards b) Downwards c) Laterally outwards d) Inwards

Description : Charges filled inside a cylindrical will possess flux in which direction? a) Upwards b) Downwards c) Laterally outwards d) Inwards

Last Answer : c) Laterally outwards

Grass leaves curl inwards during very dry weather. Select the most appropriate reason from the following. (a) Tyloses in vessels (b) Closure of stomata (c) Flaccidity of bulliform cells (d) Shrinkage of air spaces in spongy mesophyll

Description : Grass leaves curl inwards during very dry weather. Select the most appropriate reason from the following. (a) Tyloses in vessels (b) Closure of stomata (c) Flaccidity of bulliform cells (d) Shrinkage of air spaces in spongy mesophyll

Last Answer : (c) Flaccidity of bulliform cells

Closed contours, with higher value inwards, represent a (A) Depression (B) Hillock (C) Plain surface(D) None of the above

Description : Closed contours, with higher value inwards, represent a (A) Depression (B) Hillock (C) Plain surface (D) None of the above

Last Answer : (B) Hillock

According to Coulomb's wedge theory, the active earth pressure slides the wedge (A) Down and outwards on a slip surface (B) Up and inwards on a slip surface (C) Horizontal upward and parallel to base (D) Horizontal inward and parallel to base

Description : According to Coulomb's wedge theory, the active earth pressure slides the wedge (A) Down and outwards on a slip surface (B) Up and inwards on a slip surface (C) Horizontal upward and parallel to base (D) Horizontal inward and parallel to base

Last Answer : Answer: Option A

Pick up the incorrect statement regarding a master trap from the following: (A) It is provided in between the lower end of the house drain and the street sewer (B) It is provided a cleaning eye at the top of the trap (C) The mica flap valve which opens inwards only, is fitted at the top of the inlet pipe (D) The water seal is less than that of ordinary traps

Description : Pick up the incorrect statement regarding a master trap from the following: (A) It is provided in between the lower end of the house drain and the street sewer (B) It is provided a cleaning eye at the ... fitted at the top of the inlet pipe (D) The water seal is less than that of ordinary traps

Last Answer : (D) The water seal is less than that of ordinary traps

Railway tracks are banked on curves so that (1) Necessary centrifugal force may be obtained from the horizontal component of the weight of the train (2) No frictional force may be produced between the tracks and the wheels of the train (3) Necessary centripetal force may be obtained from the horizontal component of the weight of the train (4) The train may not fall down inwards

Description : Railway tracks are banked on curves so that (1) Necessary centrifugal force may be obtained from the horizontal component of the weight of the train (2) No frictional force may be produced between the ... the horizontal component of the weight of the train (4) The train may not fall down inwards

Last Answer : Necessary centripetal force may be obtained from the horizontal component of the weight of the train

Service pensions payable in India under pensions Act ---------- of civil service regulations a. 1871 b. 1898 c. 1902

Description : Service pensions payable in India under pensions Act ---------- of civil service regulations a. 1871 b. 1898 c. 1902

Last Answer : a. 1871

Two **** merchants arrive at the gates of Paris. One has 64 and the other 20 barrels of ****. Since they have not enough money to pay the custom duties, the first pays 40 francs and 5 barrels of ****. The second pays 2 barrels of **** but receives 40 francs in change.What is the value of each barrel of **** and what is the duty payable? -Riddles

Description : Two wine merchants arrive at the gates of Paris. One has 64 and the other 20 barrels of wine. Since they have not enough money to pay the custom duties, the first pays 40 francs and 5 barrels of ... 40 francs in change.What is the value of each barrel of wine and what is the duty payable? -Riddles

Last Answer : The value of a barrel is 120 francs and the duty is 10 francs a barrel.

salaries payable, accounts payable, and taxes payable are examples of -General Knowledge

Description : salaries payable, accounts payable, and taxes payable are examples of -General Knowledge

Last Answer : current liabilities; accruals.

What are accounts payable ?

Description : What are accounts payable ?

Last Answer : Answer : Accounting payable is a file or sub-ledger that owes money to an individual or organization supplier , which has not yet been paid. When an invoice is received , it is ... account payable automation solutions (commonly called ePayables ) to automate the paper and manual invoicing process.

(i) Sale or purchase of goods or services for a certain value to be receivable or payable in the future.

Description : (i) Sale or purchase of goods or services for a certain value to be receivable or payable in the future.

Last Answer : Give the word term or phrase which can substitute each of the following statement : (i) ... services are withdrawn by the proprietor for self-use.

If a packing slip show a shorage the accounts payable dept should?

Description : If a packing slip show a shorage the accounts payable dept should?

Last Answer : if some goods from a purchase order are damaged reciept returnto the supplier, the a/p dept should

What is accounts payable payment processing?

Description : What is accounts payable payment processing?

Last Answer : What is the answer ?

How is it under normal business operations a company accounts payable department is responsible for?

Description : How is it under normal business operations a company accounts payable department is responsible for?

Last Answer : What is the answer ?

Accounts Payable Professional?

Description : Accounts Payable Professional?

Last Answer : The term Accounts Payable refers to debt that a business owes.An accounts payable professional is an individual that processesthese invoices for payment. Depending on the size of the company, ... into. These systems then incorporate the invoices into thecompany's financial records.An accounts pay

Accounts Payable Specialist?

Description : Accounts Payable Specialist?

Last Answer : A good career choice for for an analytically-minded person maybe to pursue a life as an Accounts Payable specialist. The job ofan accounts payable specialist is to review bills and invoices. ... mathematician. He should alsopay close attention to detail, have an analytical mind, and be anorganized,

What is Accounts Payable considered a on the Trial Balance?

Description : What is Accounts Payable considered a on the Trial Balance?

Last Answer : what is it best to receive before paying and invoice

On an equity share of Rs. 100, the minimum amount payable on application under the law should be– (A) Rs. 20 (B) Rs. 15 (C) Rs. 10 (D) Rs. 5

Description : On an equity share of Rs. 100, the minimum amount payable on application under the law should be– (A) Rs. 20 (B) Rs. 15 (C) Rs. 10 (D) Rs. 5

Last Answer : Answer: Rs. 5

Sundry Debtors – Rs.15,000 Bills Receivable (B/R) – Rs.12,500 Cash at Bank – Rs.17,500 Stock – Rs.15,000 Profit – Rs.20,000 Creditors – Rs.25,000 Bills Payable (B/P) – Rs.15,000 Sales – Rs.1,00,000 What is the Acid Test Ratio ? (A) 1•5 : 1 (B) 1•125 : 1 (C) 16 2/3% (D) 50%

Description : Sundry Debtors – Rs.15,000 Bills Receivable (B/R) – Rs.12,500 Cash at Bank – Rs.17,500 Stock – Rs.15,000 Profit – Rs.20,000 Creditors – Rs.25,000 Bills Payable (B/P) – Rs.15,000 Sales – Rs.1,00,000 What is the Acid Test Ratio ? (A) 1•5 : 1 (B) 1•125 : 1 (C) 16 2/3% (D) 50%

Last Answer : Answer: 1•125 : 1

The Cabinet Committee on Economic Affairs has recently raised the emoluments of President, the Vice-President and the Governors. The emolument payable to the President, has been raised to – (1) Rs. 1.00 lakh from Rs. 50,000 per month (2) Rs. 1.50 lakh from Rs. 50,000 per month (3) Rs. 1.75 lakh from Rs. 75,000 per month (4) Rs. 2.00 lakh from Rs. 1.00 lakh per month

Description : The Cabinet Committee on Economic Affairs has recently raised the emoluments of President, the Vice-President and the Governors. The emolument payable to the President, has been raised to - (1) Rs. 1.00 lakh from Rs. 50, ... from Rs. 75,000 per month (4) Rs. 2.00 lakh from Rs. 1.00 lakh per month

Last Answer : (2) Rs. 1.50 lakh from Rs. 50,000 per month Explanation: Emoluments of the President, the Vice President and Governors were raised by 300 per cent in 2008. The President's ... Singh. The CCEA also rationalized postretirement benefits to former Presidents, former Vice Presidents and their spouses.

The salaries and allowances payable to the Members of the Parliament are decided by the – (1) President (2) Cabinet (3) Parliament (4) Finance Commission

Description : The salaries and allowances payable to the Members of the Parliament are decided by the – (1) President (2) Cabinet (3) Parliament (4) Finance Commission

Last Answer : (3) Parliament Explanation: After election to Parliament, the members become entitled to certain amenities. These amenities are provided to members with a view to enable them to function effectively as ... , Allowances and Pension of Members of Parliament Act, 1954 and the rules made there under.

Excise duty on a commodity is payable with reference to its - (1) production (2) production and sale (3) production and transportation (4) production, transportation and sale

Description : Excise duty on a commodity is payable with reference to its - (1) production (2) production and sale (3) production and transportation (4) production, transportation and sale

Last Answer : (1) production Explanation: An excise or excise tax (sometimes called a duty of excise special tax) is an inland tax on the sale, or production for sale, of specific goods or a tax ... customs duties, which are taxes on importation. Excises are inland taxes, whereas customs duties arc border taxes.

Excise duty on a commodity is payable with reference to its - (1) production (2) production and sale (3) production and transportations (4) production, transportation and sale

Description : Excise duty on a commodity is payable with reference to its - (1) production (2) production and sale (3) production and transportations (4) production, transportation and sale

Last Answer : (1) production Explanation: Excise duty is a type of tax charged on goods produced within the country. In India, an excise tax is levied on the manufacturer of goods when those goods leave the place ... called the Central Excise duty, this tax is now known as the Central Value Added Tax (CENVAT).

On a Cheque instead of two parallel lines only bank‟s name is written is known as _________ A. Payable to bearer B. General Crossing C. Special Crossing D. Both (B) and (C) E. None of the Above

Description : On a Cheque instead of two parallel lines only bank‟s name is written is known as _________ A. Payable to bearer B. General Crossing C. Special Crossing D. Both (B) and (C) E. None of the Above

Last Answer : C. Special Crossing Explanation: When a particular bank s name is written in between the two parallel lines the cheque is said to be specially crossed.The effect of special crossing is that ... is written in the crossing. Specially crossed cheques are more safe than a generally crossed cheques.

_______ is a cheque that is not crossed on the left corner and payable at the counter of the drawee bank on presentation of the cheque. A. Crossed Cheque B. Open Cheque C. General Crossing D. Restrictive Crossing E. None of the Above

Description : _______ is a cheque that is not crossed on the left corner and payable at the counter of the drawee bank on presentation of the cheque. A. Crossed Cheque B. Open Cheque C. General Crossing D. Restrictive Crossing E. None of the Above

Last Answer : B. Open Cheque Explanation: An open cheque is a cheque that is not crossed on the left corner and payable at the counter of the drawee bank on presentation of the cheque.

The application fee may be accepted in shape of____ payable to a) Cash/Account officer of the public authority b) DD/Cheque / Account officer of the public authority c) Indian Postal Order / Account officer of the public authority d) Any one of the above

Description : The application fee may be accepted in shape of____ payable to a) Cash/Account officer of the public authority b) DD/Cheque / Account officer of the public authority c) Indian Postal Order / Account officer of the public authority d) Any one of the above

Last Answer : d) Any one of the above

Dividend Distribution Tax is payable by: A. Shareholders to Government B. Shareholders to Company C. Company to Government D. Holding to Subsidiary

Description : Dividend Distribution Tax is payable by: A. Shareholders to Government B. Shareholders to Company C. Company to Government D. Holding to Subsidiary

Last Answer : C. Company to Government

Your firm has a philosophy that is analogous to the hedging (maturity matching) approach. Which of the following is the most appropriate non-spontaneous form for financing the excess seasonal current asset needs? A. Trade credit. B. 6-month bank notes. C. Accounts payable. D. Common stock equity.

Description : Your firm has a philosophy that is analogous to the hedging (maturity matching) approach. Which of the following is the most appropriate non-spontaneous form for financing the excess seasonal current asset needs? ... credit. B. 6-month bank notes. C. Accounts payable. D. Common stock equity.

Last Answer : B. 6-month bank notes.

Your firm has a philosophy that is analogous to the hedging (maturity matching) approach. Which of the following is the most appropriate form for financing a new capital investme nt in plant and equipment? A. Trade credit. B. 6-month bank notes. C. Accounts payable. D. Common stock equity

Description : Your firm has a philosophy that is analogous to the hedging (maturity matching) approach. Which of the following is the most appropriate form for financing a new capital investme nt in plant and equipment? A. Trade credit. B. 6-month bank notes. C. Accounts payable. D. Common stock  equity

Last Answer : D. Common stock  equity. 

Provided that the minimum amount of sum so payable shall not be less than ____ of the value of such defective goods sold or services provided, as the case may be to such consumers. a) Rs 25000/- c) 10 % c) 5% d) None of these

Description : Provided that the minimum amount of sum so payable shall not be less than ____ of  the value of such defective goods sold or services provided, as the case may be to such  consumers. a) Rs 25000/- c) 10 % c) 5% d) None of these

Last Answer : c) 10 %

Mark the correct option a) If the certificate is encashed in case of death of the depositor before expiry on of one year from the date of purchase, only the face value of certificate shall be payable b) If certificate is encashed after expiry of one year SB interest will be applicable c) Both A &B d) None of these

Description : Mark the correct option a) If the certificate is encashed in case of death of the depositor before expiry on of  one year from the date of purchase, only the face value of certificate shall be  payable b ... after expiry of one year SB interest will be applicable c) Both A &B d) None of these

Last Answer : d) None of these

Mark the correct statement. a) Second withdrawal in a PPF account is payable in the next financial year of the year in which principal and interest on first withdrawal has been fully refunded and other conditions fulfill b) Second loan is permissible in the financial year in which 1st loan and interest thereon has been recovered provided the 1st loan was not taken in the same year and other conditions fulfill c) Second loan is permissible in the same financial year if first loan taken in the year has been refunded alongwith interest thereon and other conditions fulfill d) None of the above is correct

Description : Mark the correct statement. a) Second withdrawal in a PPF account is payable in the next financial year of the year in which principal and interest on first withdrawal has been fully ... been refunded alongwith interest thereon and other conditions fulfill d) None of the above is correct

Last Answer : b) Second loan is permissible in the financial year in which 1st loan and interest thereon has been recovered provided the 1st loan was not taken in the same year and other conditions fulfill

Present rate of Senior citizens saving scheme account is____ payable quarterly. a) 10% b) 9.3% c) 8.5 % d) 9.5%

Description : Present rate of Senior citizens saving scheme account is____ payable quarterly. a) 10% b) 9.3% c) 8.5 % d) 9.5%

Last Answer : b) 9.3%

Mark the correct option MIS account opened on or after 01 Apr 12 a) The rate of interest shall be 8.5 % per annum payable monthly. b) No withdrawal will be allowed before expiry of maturity period 5 years c) No bonus shall be payable d) All the above

Description : Mark the correct option MIS account opened on or after 01 Apr 12 a) The rate of interest shall be 8.5 % per annum payable monthly. b) No withdrawal will be allowed before expiry of maturity period 5 years c) No bonus shall be payable d) All the above

Last Answer : d) All the above