WorksheetsCheck your knowledge Quiz-12
Total questions: 15
Worksheet time: 9mins
Name
Class
Date
1.
Sales invoices are first entered in,
a)
The Cash Book
b)
The Purchases Journal
c)
The Sales Journal
d)
The Sales Account
2.
Entered in the Purchases Journal are,
a)
Discounts received
b)
Purchases invoices
c)
Payments to suppliers
d)
Trade discounts
3.
At the balance sheet date, the balance on the Accumulated Provision for Depreciation Account is,
a)
Transferred to Depreciation Account
b)
Transferred to the Asset Account
c)
Transferred to Profit and Loss Account
d)
Simply deducted from the asset in the Balance Sheet
4.
If we take goods for own use we should:
a)
Debit Drawings Account, Credit Purchases Account
b)
Debit Drawings Account: Credit Stock Account
c)
Debit Sales Account: Credit Stock Account
d)
Debit Purchases Account: Credit Drawings Account
5.
When a petty cash book is kept there will be:
a)
No entries made at all in the general ledger for items paid by petty cash
b)
The same number of entries in the general ledger
c)
Fewer entries made in the general ledger
d)
More entries made in the general ledger
6.
Personal expenses/withdrawal of a business owner from company's fund can be entry like
a)
In Journal Debit Cash/Bank and Credit Drawings
b)
Payment entry by creating personal ledger of the owner
c)
In Journal Debit Drawings and Credit Cash/Bank
d)
Debit Note to Owner
7.
-------------------- In Tally clasify the accounts under different heads so that summerized information is possible.
a)
Ledger
b)
Journals
c)
None of these
d)
Group
8.
Which key should be used to use Dr/Cr instead of T0/By or vice versa during voucher entry
a)
F9
b)
F11
c)
F12
d)
F10
9.
What is the utility of Tally Vault Password?
a)
It will lock the period of the Company
b)
It will lock all the voucher entry for that company
c)
It will not show the Company's name in company select list
d)
None of these
10.
Which group(under) should be selected for TDS on Prpfessional or Technical Service A/C
a)
Indirect Expenses
b)
Indirect Income
c)
Duties and Taxes
d)
None of these
11.
Suspense Account Group is defined under
a)
Income
b)
Expenditure
c)
Liabilities
d)
Assets
12.
To activate MRP feature from Gateway of Tally initially we need to press
a)
F11
b)
F12
c)
F10
d)
Alt+ F1
13.
Activating Stock Category where stocks are created under groups, we can have the visibility of
a)
Stock summery
b)
Godown wise
c)
stocks value wise
d)
Stocks group wise and category wise
14.
List of Optional Voucher we can get from
a)
Balance Sheet
b)
Accounts Book
c)
Cash Bank Books
d)
Exceptional Reports
15.
Manufacturing Journal creates based on
a)
Journal
b)
Purchase Quotation
c)
Stock Journal
d)
Receipt Note
100 %
