Description : What is the name of the card which can be used by the buyers during he time of purchase and in which the amount will be immediately debited from the buyers account? a. E-Distributor b. Debit Card c. Credit Card d. Power Card
Last Answer : b. Debit Card
Description : Sales made to Mahesh for cash should be debited to________________ a) Cash account b) Mahesh Account c) Sales account d) Purchase account
Last Answer : a) Cash account
Description : When purchasing company pays purchase consideration, it will be debited to (A)Business purchase account (B)Assets account (C) Liquidator of selling company’s account (D)None of the above
Last Answer : (C) Liquidator of selling company’s account
Description : Mark incorrect option relating to when In correct items noticed in a sub office daily account a) Should be communic b) A similar note should be made in the sub office daily account received ... The daily account received from a SO should be returned for rectification of errors d) None of these
Last Answer : c) The daily account received from a SO should be returned for rectification of errors
Description : (i) Purchase of Assets should be debited to purchase A/c.
Last Answer : Do you agree or disagree with the following statements : (i) Purchase of Assets should be debited ... NEFT, RTGS Transaction Cash A/c is affected.
Description : When the Net Assets are less than the Purchase Consideration, the difference will be (A) Debited to Goodwill A/c (B) Debited to General Reserve (C) None of these
Last Answer : (A) Debited to Goodwill A/c
Description : When the Net Assets are less than the Purchase Consideration, the difference will be (A) Debited to Goodwill A/c (B) Debited to General Reserve (C) None of these (D) Debited to Capital Reserve
Last Answer : While calculating purchase consideration ............... values of assets is to be considered. (A) Book value (B) Revalued price (C) Average price (D) Capital
Description : Wages paid for the installation of machinery wrongly debited to wages account is an error of ________
Last Answer : Wages paid for the installation of machinery wrongly debited to wages account is an error of ________ ... principle (c) commission (d) duplication
Description : Wages paid for installation of machinery is debited to __________ account.
Last Answer : Wages paid for installation of machinery is debited to __________ account. (a) Profit and Loss (b) Trading (c) Wages (d) Machinery
Description : Which account is debited, when goods are destroyed by fire?
Last Answer : Which account is debited, when goods are destroyed by fire?
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 : Which account will be debited when Mr. Shyam has paid cash to you?
Last Answer : Which account will be debited when Mr. Shyam has paid cash to you?
Description : Which account will be debited when goods are sold to Ram on credit?
Last Answer : Which account will be debited when goods are sold to Ram on credit?
Description : The loss on the sale of old furniture is debited to– (A) profit & loss account (B) furniture account (C) trading account (D) depreciation account
Last Answer : Answer: profit & loss account
Description : Goods worth Rs. 2,000 were distributed to employees free of charge. The account to be debited is– (A) Profit and Loss A/c (B) Advertisement A/c (C) Labour Welfare A/c (D) Goods A/c
Last Answer : Answer: Profit and Loss A/c
Description : The goods taken by the proprietor from the shop is debited to– (A) Shop account (B) Goods account (C) Capital account (D) Drawings accounts
Last Answer : Answer: Drawings accounts
Description : Under a perpetual inventory system, acquisition of merchandise is debited to the a. Merchandise Inventory account. b. Cost of Goods Sold account. c. Purchases account. d. Accounts Payable account.
Last Answer : a. Merchandise Inventory account.
Description : A Sales Returns and Allowances account is not debited if a customer a. returns defective merchandise. b. receives a credit for merchandise of inferior quality. c. utilizes a prompt payment incentive.
Last Answer : c. utilizes a prompt payment incentive.
Description : Under a perpetual inventory system, acquisition of merchandise for resale is debited to the a. Merchandise Inventory account. b. Purchases account. c. Supplies account. d. Cost of Goods Sold account.
Last Answer : d. Cost of Goods Sold account.
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 : Mr. X is a dealer in electronic goods (refrigerator, washing machine, air conditioners, televisions, etc.) He purchased two air conditioners and installed in his showroom. In the books of X the ... will be debited to A] Drawing account B] Capital Account C] Fixedassets D] Purchases account
Last Answer : C] Fixedassets
Description : What is rectification ?
Last Answer : : The method by which AC voltage is converted to DC voltage is called rectification.
Description : For which one of the following, 'Diodes' are generally used for? (1) Rectification (2) Amplification (3) Modulation (4) Filtration
Last Answer : (1) Rectification Explanation: In electronics, a diode is an electronic device that allows current to flow in one direction only. It is mainly used as a rectifier diode that lets ... used for power supply operation. Rectifier diodes are used for changing alternating current into direct current.
Description : For which one of the following, "Diodes' are generally used for? (1) Rectification (2) Amplification (3) Modulation (4) Filtration
Last Answer : (1) Rectification Explanation: A rectifier diode is a two-lead semiconductor that allows current to pass in only one direction. Many types of diodes are used for a wide range of applications. Rectifier diodes are a vital component in power supplies
Description : For a binary mixture with low relative volatility, continuous rectification to get pure products will require (A) Low reflux ratio (B) Less number of trays (C) Small cross-section column (D) High reflux ratio
Last Answer : (D) High reflux ratio
Description : Deaeration (removal of O2 ) of water is done by (A) Rectification (B) Absorption (C) Ion-exchange (D) Adsorption
Last Answer : (C) Ion-exchange
Description : Process of conversion low voltage to high voltage is called _______ (a) Rectification (b)forward bias (c) reverse bias (d) amplification
Last Answer : (d) amplification
Description : The process of conversion of AC into DC is called (a) Amplification (b) rectification (c) purification (d)magnification
Last Answer : (b) rectification
Description : Define rectification efficiency. Give its formula.
Last Answer : The ratio of output DC power delivered to the load to the applied input AC power is called rectification efficiency. It is denoted by η. η = Output DC power delivered to the load / Input AC power from transformer secondary η = Pdc / Pac
Description : For which one of the following, ‘Diodes’ are generally used for? (1) Rectification (2) Amplification (3) Modulation (4) Filtration
Last Answer : Rectification
Description : The r.m.s. value of a half-wave rectified alternating current is 10 A. Its value for full-wave rectification will be
Last Answer : The RMS value of a half-wave rectified current is 10 Ampere. Its value for full-wave rectification would be: 14.14 Ampere
Description : An ac voltmeter using full -wave rectification and having a sinusoidal input has an ac sensitivity equal to (1) 1.414 times dc sensitivity (2) dc sensitivity (3) 0.9 times dc sensitivity (4) 0.707 times dc sensitivity
Last Answer : An ac voltmeter using full -wave rectification and having a sinusoidal input has an ac sensitivity equal to 0.9 times dc sensitivity
Description : Rectification efficiency of a full wave rectifier without filter is nearly equals to: (1) 51% (2) 61% (3) 71% (4) 81%
Last Answer : Rectification efficiency of a fullwave rectifier without filter is nearly equals to: 81%
Description : How do I hook up to the internet and purchase songs for XBOX 360 "Rock Band"?
Last Answer : Do you have an xbox live account? There is a fee to use the services.
Description : Can I purchase something to hook my tv upto my computer?
Last Answer : You can usually hook up your TV to your computer via a S-Video cable, though you'll also need to hook up audio as well.
Description : (i) Software expenses paid for the installation of the computer should be debited to Software A/c.
Last Answer : Do you agree or disagree with the following statement: (i) Software expenses paid for the ... . (v) Return Inwards means purchase return.
Description : The profit on sale of an asset is debited to _________ A/c.
Last Answer : The profit on sale of an asset is debited to _________ A/c. (a) Profit and Loss (b) Reserve (c) Asset (d) Balance sheet
Description : Bank charges debited by Bank increase bank balance as per Pass Book.
Last Answer : State whether the following statement are True or False with reason : Bank charges debited by Bank increase bank balance as per Pass Book.
Description : When cheque is ________ into bank Cash Book is debited.
Last Answer : When cheque is ________ into bank Cash Book is debited. (a) written (b) issued (c) deposited (d) dishonoured
Description : When goods are sold for cash, the personal a/c of the buyer is debited.
Last Answer : State whether the following statement are ‘True or False’ with reason : When goods are sold for cash, the personal a/c of the buyer is debited.
Description : If the goodwill raised at the time of retirement of a partner is to be written-off, then the capital accounts of the remaining partners are debited in– (A) New profit sharing ratio (B) Capital ratio (C) Old profit sharing ratio (D) Sacrificing ratio
Last Answer : Answer: Old profit sharing ratio
Description : 2. The underwriting commission is payable in cash .
Last Answer : FALSE
Description : When the underwriting commission becomes payable , the underwriter A/c is debited
Description : When liquidation expenses is paid and borne by seller company then it is debited to_____ (A) Bank A/c (B) Goodwill A/c (C) Realisation A/c (D) Capital Reserve A/c.
Last Answer : (C) Realisation A/c
Description : If wages are paid for construction of business premises ______ A/c is credited and _____ A/c is debited. a) Wages, Cash b) Premises, Cash c) Cash, Wages d) Cash, Premises
Last Answer : d) Cash, Premises
Description : Provision for Income Tax is _____ A. Debited to P & L Appropriation A/c B. Debited to Profit and Loss A/c C. Debited to Treading A/c D. Credited to P & L Appropriation a/c
Last Answer : B. Debited to Profit and Loss A/c
Description : When liquidation expenses is paid and borne by seller company then it is debited to _______ (A) Bank A/c (B) Goodwill A/c (C) Realisation A/c (D) Capital Reserve A/c.
Description : If it is required to maintain fixed capitals then the partners’ shares of profits must be A) Credited to capital accounts B) Debited to capital accounts C) Debited to partners’ current accounts D) Credited to partners’ current accounts
Last Answer : Answer: D