WorksheetsSPECTRUM THEORY QUIZ -1
Total questions: 20
Worksheet time: 8mins
DEBIT THE RECEIVER, CREDIT THE GIVER IS THE RULE OF __________
REAL ACCOUNT
NOMINAL ACCOUNT
PERSONAL ACCOUNT
ACCOUNTING EQUATION
ASSETS= LIABILITIES +CAPITAL
CAPITAL= ASSETS+LIABILITIES
ASSETS=EQUITY-CURRENT LIABILITIES
WHEN GST IMPLIMENTED IN INDIA
1ST JULY 2017
1ST APRIL 2017
1ST AUGUST 2017
THE AMOUNT INVESTED BY THE PROPRIETOR IS CALLED________________
CASH
CAPITAL
DRAWINGS
PRELIMINARY EXPENSES IS A ___________
FICTITIOUS ASSET
INTANGIBLE ASSET
CURRENT ASSET
EXTERNAL USERS OF ACCOUNTING INFORMATIONS INCLUDE______________
SHARE HOLDERS
MANAGEMENT
CUSTOMERS
THE PERSON WHO OWES MONEY TO THE FIRM IS KNOWN AS__________________
DEBTOR
CREDITOR
INVESTOR
QUALITY OF THE MANAGER IS NOT DIRECTLY DISCLOSED IN THE BALANCESHEET. IN WHICH PRINCIPLE THE STATEMENT IS BASED?
GOING CONCERN
MONEY MEASUREMENT
REVENUE REALISATION
KUMAR'S DRAWINGS IS CATEGORISED UNDER__________________
REAL ACCOUNT
PERSONAL ACCOUNT
NOMINAL ACCOUNT
THE EXCESS OF INCOME AND GAIN OVER EXPENSES AND LOSSES REPRESENTS _________
NET PROFIT
NET LOSS
GROSS PROFIT
TO CHECK THE ARITHMATICAL ACCURACY OF BOOKS OF ACCOUNTS, THE TRADER PREPARE________
TRIAL BALANCE
PROFIT & LOSS A/C
TRADING A/C
GOODWILL COMES UNDER
TANGIBLE ASSETS
INTANGIBLE ASSETS
CURRENT ASSETS
PURCHASE OF FURNITURE IS DEBITED TO PURCHASE A/C
TRUE
FALSE
THE PROCESS OF RECORDING TRANSACTIONS IN CHRONOLOGICAL ORDER IS CALLED JOURNALISING
TRUE
FALSE
THE BUSINESS ENTITY CONCEPT IMPLIES THAT THE BUSINESS UNIT IS SEPARATE FROM THE PERSON WHO SUPPLY THE CAPITAL
TRUE
FALSE
How data are organized in spreadsheet?
Lines and spaces
Layers and planes
Rows and columns
Height and width
A function inside another function is called a ......... function
Nested
Round
Text
Sum
Which of the following methods can not be used to edit the content of the cell?
Pressing Alt key
Clicking the formula bar
Pressing F2
Double clicking the cell
The cell reference for a range of cells that starts in cell B1 and goes over to column G and down to row 10 is ............
G1-G10
B1-G10
B1:G10
G1:G10
Excel is a .............................
Graphic program
Spreadsheet
Word processor
None of these
