Accounts & MIS_10_April_2020

If receptionist of Kamla travels charged Mr. Manish 1650 for 3 tickets from Delhi to Lucknow, so which transaction voucher will be filled?

• Payment Voucher

• Receipt Voucher

• Sale Voucher

• Memo Voucher

If we have to make the payment of our telephone bill then which voucher will be used.

• Contra

• Payment

• Journal

• Receipt

Mahesh InfoTech purchased the goods of ₹ 5,000/- from a sundry creditor Ramesh, which statement is correct ?

• Ramesh is debited by Mahesh InfoTech for ₹ 5,000

• Mahesh InfoTech is not debited by Ramesh for ₹ 5,000

• Mahesh InfoTech is credited by Ramesh for ₹ 5,000

• Ramesh is credited by Mahesh Info Tech for ₹ 5,000

Which is the correct order of accounting cycle ?

• Transactions > Ledgers > Journal > Trail Balance > Balance Sheet

• Ledgers > Transactions > Journal > Trail Balance > Balance Sheet

• Transactions > Journal > Ledgers >Trail Balance > Balance Sheet

• Journal > Transactions > Ledgers > Trail Balance > Balance Sheet

Balance sheet display

• Entire summary of the all ledger accounts

• Balances of all individual account

• Bank and cash Balances

• Exact financial position of the business on specific date

In each & every entry Debit & Credit balance must be equal

• Not necessary in Contra entry

• Above statement is true

• This is applicable in payment type entries only

• None of the above

Duties & Taxes is considered as ___________________ in accounting groups.

• Current liabilities

• Current assets

• Fixed assets

• Taxes

While exporting Ledgers from Tally to Web Page, we use

• ASCII Format

• XML Format

• PDF Format

• HTML Format

Transfer from Main Cash to Petty Cash/Bank you require to pass voucher

• Payment

• Contra

• Receipt

• Voucher

Recording of actual stock as physically verified or counted is done through

• Journal

• Sales

• Stock Journal

• Physical Stock