Indian Army Interview Questions and Answers

Question 1

Q1. 2 ) What is the profit for june month on accrual basis if insurance taken for 12k per annum and deferred experditure in balance sheet ?

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Answer

The profit for June on an accrual basis can be calculated by considering the insurance expense and deferred expenditure.

To calculate the profit for June on an accrual basis, we need to consider the insurance expense and deferred expenditure.
The insurance expense of $12,000 per annum needs to be allocated for the month of June.
Deferred expenditure refers to expenses that have been paid in advance but are yet to be recognized as expenses in the profit and loss statement.
If ther...read more

Question 2

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Question 3

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Question 4

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Question 5

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Question 6

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Answer

The SUMIF function in Excel is used to calculate the sum of values in a range that meet specific criteria.

The SUMIF function has three arguments: range, criteria, and sum_range.
The range is the set of cells that will be evaluated based on the criteria.
The criteria can be a number, text, logical expression, or cell reference.
The sum_range is optional and specifies the cells to be summed if they meet the criteria.
If the sum_range is not provided, the function will sum the cells...read more