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part 1

part 1

20問 • 2年前

問題一覧

1

In TallyPrime, in a newly created company, there are 28 Pre-defined Groups and 2 Pre-defined Ledgers.

True

2

'The revenue is considered as the income earned on the date of when it is received and unearned or unrealised revenue is not considered'. This Statement refers to which of the following Accounting Concept?

Revenue Realisation Concept

3

In TallyPrime, we can create any number of groups under all default ledgers.

False

4

Which of the following option is not a part of the Business Entity concept of Accounting?

Matching Entity Concept

5

In the double-entry system of accounting, every transaction is recorded in atleast four accounts.

False

6

In TallyPrime, while creating Stock Items we cannot define the details like stock group and stock category.

False

7

Which of the following are the Balance Sheet items?

Capital Account, Fixed Assets

8

In TallyPrime, the default accounting group and sub group can be deleted.

False

9

Mr. Naresh has created a party ledger as Vani Solutions and grouped it under Sundry Debtors. Mr.Naresh realized that the account group selected while creating the ledger was incorrect, hence he wanted to change the Group to Sundry Creditors. Which of the following option is used to edit the ledger and select the correct account group in TallyPrime?

Ledger Alteration

10

Electronic Enterprises paid 25,000 to Sagar Electronics by Kotak Bank vide cheque no 100001 for the credit purchase made earlier. Refer the above given transaction and find out which of the following types of accounts are involved?

Sagar Electronics - Liability, Kotak Bank - Asset

11

The purpose of preparing a Trial Balance is to ensure the entries maintained in the company books are mathematically correct.

True

12

Income and Expense accounts are closed once the Profit & Loss account is prepared.

True

13

___________ is the amount of money or money's worth invested in to the business by Owner of Company.

Capital

14

A chart of accounts is a listing of the name of the accounts, which is used to record the day to day business transactions.

True

15

The net purchase made during the year will appear on the credit side of the Trial Balance.

False

16

In TallyPrime, which of the following Accounting Groups are Sub-Groups?

Provisions, Reserves & Surplus

17

Which of the following are not the Depreciation Methods?

Sum of daily digits method, Ledger depreciation method

18

__________ is a phase of the accounting cycle that is commonly used in the business.

Journal Entry

19

From the following options select the correct Method of depreciation?

Annuity depreciation

20

Which of the following is not a type of Personal Account?

Representative impersonal account

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42問 • 10ヶ月前

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Part 1 (തീരഞ്ഞെടുപ്പ് കമ്മീഷൻ)

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Part 1 (തീരഞ്ഞെടുപ്പ് കമ്മീഷൻ)

18問 • 10ヶ月前

Part 2 (മൗലികാവകാശങ്ങൾ)

Part 2 (മൗലികാവകാശങ്ങൾ)

Praveen Raj · 52問 · 10ヶ月前

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52問 • 10ヶ月前

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Part 1

Praveen Raj · 32問 · 10ヶ月前

Part 1

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32問 • 10ヶ月前

問題一覧

1

In TallyPrime, in a newly created company, there are 28 Pre-defined Groups and 2 Pre-defined Ledgers.

True

2

'The revenue is considered as the income earned on the date of when it is received and unearned or unrealised revenue is not considered'. This Statement refers to which of the following Accounting Concept?

Revenue Realisation Concept

3

In TallyPrime, we can create any number of groups under all default ledgers.

False

4

Which of the following option is not a part of the Business Entity concept of Accounting?

Matching Entity Concept

5

In the double-entry system of accounting, every transaction is recorded in atleast four accounts.

False

6

In TallyPrime, while creating Stock Items we cannot define the details like stock group and stock category.

False

7

Which of the following are the Balance Sheet items?

Capital Account, Fixed Assets

8

In TallyPrime, the default accounting group and sub group can be deleted.

False

9

Mr. Naresh has created a party ledger as Vani Solutions and grouped it under Sundry Debtors. Mr.Naresh realized that the account group selected while creating the ledger was incorrect, hence he wanted to change the Group to Sundry Creditors. Which of the following option is used to edit the ledger and select the correct account group in TallyPrime?

Ledger Alteration

10

Electronic Enterprises paid 25,000 to Sagar Electronics by Kotak Bank vide cheque no 100001 for the credit purchase made earlier. Refer the above given transaction and find out which of the following types of accounts are involved?

Sagar Electronics - Liability, Kotak Bank - Asset

11

The purpose of preparing a Trial Balance is to ensure the entries maintained in the company books are mathematically correct.

True

12

Income and Expense accounts are closed once the Profit & Loss account is prepared.

True

13

___________ is the amount of money or money's worth invested in to the business by Owner of Company.

Capital

14

A chart of accounts is a listing of the name of the accounts, which is used to record the day to day business transactions.

True

15

The net purchase made during the year will appear on the credit side of the Trial Balance.

False

16

In TallyPrime, which of the following Accounting Groups are Sub-Groups?

Provisions, Reserves & Surplus

17

Which of the following are not the Depreciation Methods?

Sum of daily digits method, Ledger depreciation method

18

__________ is a phase of the accounting cycle that is commonly used in the business.

Journal Entry

19

From the following options select the correct Method of depreciation?

Annuity depreciation

20

Which of the following is not a type of Personal Account?

Representative impersonal account