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Questions in business

[Free] What is the primary purpose of personification in advertising? A. To avoid using outdated tropes in modern-day ad campaigns B. To create a coordinated series of advertisements that share a single idea and theme C. To make a product or service more relatable and engaging D. To utilize various media channels like television, radio, print, online, and outdoor advertising

[Free] Tristan has found a good job as a bookkeeping clerk after finishing his associates degree at the local community college. He is making a beginning annual salary of $19,760. How can this increased income affect his financial decisions? Compare his previous budget when he worked part time while finishing his degree with his current budget with a full time job. | Monthly Budget | Previous Budget | |---|---| | Income | | Wages | $786 | | Expenses | | Rent | $300 | | Utilities | $60 | | Groceries | $130 | | Savings | $120 | | Car Expenses | $150 | | Entertainment | $20 | | Net Income | $6 | a. Tristan is spending too much money on groceries and entertainment. b. Tristan is earning quite a bit more in his full time job. He is spending more on rent, utilities, food,

[Free] Resources needed to provide goods or services are called A. factors of production. B. facets of production. C. functions of production. D. facts of production.

[Free] Pass the adjustment entry for the following scenario: The capitals of A, B, and C stood at ₹20,000, ₹15,000, and ₹10,000 respectively after the necessary adjustments in respect of drawings and net profit. Subsequently, it was discovered that interest on capital (IOC) at 10% per annum for ₹20,000, ₹15,000, and ₹10,000 respectively have been ignored. Profit of the year already adjusted was ₹10,000. Drawings of the partners were ₹1,000, ₹800, and ₹500 respectively. They share profits and losses in the ratio 2:1:1.

[Free] 1) What is the full form of GST? A) Goods and Services Tax B) Goods and System Tax C) Goods and Sector Tax D) Goods and Supplier Tax 2) When was Goods and Services Tax (GST) introduced in India? A) 1st July 2017 B) 1st July 2016 C) 1st June 2016 D) 1st June 2017 3) Which of the following details will be updated automatically in the e-invoice details screen in TallyPrime, after sending the sales voucher to the GST e-invoice portal? A) Supplier Name, Company Address and GSTIN B) Type of Transaction and Type of Accounting Voucher C) Invoice Reference Number (IRN), Ack No., and Ack Date D) Tax Type, Payment Type and Period from 4) Under the GST System, what does IGST stand for? A) Integrated Goods and Services Tax B) Intrastate Goods and Services Tax C) Interstate Goods and Services Tax D) Intrastate Goods and System Tax 5) What is the eligibility for generating a trial e-Invoice using the Sandbox feature as per the GST regulations? A) The annual turnover should be less than 10 Crore as per the department. B) The company must not create the API (Application Programming Interface). C) The company must not be registered for issuing e-Invoices from the Invoice Registration Portal (IRP). D) The annual turnover should be more than 10 Crore as per the department. 6) Which of the following accounting voucher is used to record the outward supply of goods under the GST Composition dealer type in TallyPrime? A) Purchase Voucher B) Payment Voucher C) Receipt Voucher D) Sales Voucher

[Free] Practicing value-added service is important to which type of customers? A. Both internal and external customers. B. Internal customers. C. External customers.

[Free] You are given the following information for the coming year of a factory: Particulars | Amount ---|--- Fixed expenses | Rs. 4,00,000 Selling price per unit | Rs. 20 Variable expenses per unit | Rs. 10 Budgeted output | 80,000 units Calculate Break-even Point in Rupees and Margin of Safety in Rupees.

[Free] In personal finance, one makes decisions based on needs vs. wants. What is considered a need? A. something one would like to have B. something one does not budget for C. something one can afford D. something one cannot live without

[Free] Based on the table, the appreciation of which of the following currencies is most likely to occur? A. The US dollar against the euro by 3.38% B. The euro against the US dollar by 3.50% C. The British pound against the US dollar by 2.00%

[Free] Illustration 5. Luck, Duck, and Pluck were partners sharing profits and losses as 2 : 1 : 1. Their Balance Sheet as on 31.12.1995 is given below and they dissolved their partnership on that date: | Liabilities | Rs. | Assets | Rs. | | :------------------------------ | :------ | :-------------- | :------- | | Outstanding Income Tax | 4,000 | Sundry Assets | 1,61,000 | | Creditors | 15,000 | Cash | 9,000 | | Bank Loan (Secured by a Fixed Asset) | 30,000 | | | | Duck's Loan | 11,000 | | | | Capitals: | | | | | Luck | 40,000 | | | | Duck | 40,000 | | | | Pluck | 30,000 | | | | | 1,10,000 | | | | | 1,70,000 | | 1,70,000 | The Bank could collect Rs. 25,000 out of sale of the fixed asset that was pledged. Rs. 3,000 was spent for packaging stock of materials before sale. Other assets were sold on 1st of each month as follows: January, '96-Rs. 12,000; February, '96-Rs. 15,000; March, '96-Rs. 10,000; April, '96-Rs. 30,000; May, '96-Rs. 36,000. The collections were distributed as and when realized. Show the distribution.