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SPECTRUM THEORY QUIZ- 4

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

WAGES PAID FOR CONSTRUCTION OF BUILDING IS _____ TYPE OF EXPENDITURE.

a)

REVENUE EXPENDITURE

b)

CAPITAL EXPENDITURE

2.

CARRIAGE IS TAKEN TO _____

a)

CREDIT SIDE OF TRADING A/C

b)

DEBIT SIDE OF TRADING A/C

c)

DEBIT SIDE OF PROFIT & LOSS A/C

3.

AN EXAMPLE OF WASTING ASSET.

a)

BUILDING.

b)

QUARRY

c)

GOODWILL

4.

SELLER ISSUES CREDIT NOTE TO HIS CUSTOMER FOR INFORMING ____ DISCOUNT.

a)

TRADE DISCOUNT

b)

CASH DISCOUNT

5.

GP RATIO = SALES/GP*100

a)

TRUE

b)

FALSE

6.

DEBIT SIDE TOTAL OF THE TRADING A/C EXCEEDS CREDIT SIDE TOTAL,  THEN THERE IS ____

a)

GROSS PROFIT

b)

GROSS LOSS

c)

NET PROFIT

7.

A JOURNAL ENTRY WHICH CONSISTS OF MORE THAN ONE DEBIT OR CREDIT OR WITH BOTH , SUCH ENTRIES ARE CALLED ____

a)

COMPOUND JOURNAL ENTRY

b)

COMBINED JOURNAL ENTRY

c)

MIXED JOURNAL ENTRY

8.

SOURCE DOCUMENT FOR PURCHASE RETURN

a)

DEBIT NOTE

b)

PURCHASE INVOICE

c)

CREDIT NOTE

9.

DEPRECIATION IS TAKEN TO _____

a)

DEBIT SIDE OF TRADING A/C

b)

DEBIT SIDE OF PROFIT & LOSS A/C

c)

CREDIT SIDE OF PROFIT & LOSS A/C

10.

TURNOVER MEANS____

a)

PURCHASE  

b)

SALES

c)

STOCK

11.

SUSPENSE A/C ENTERED ON THE CREDIT COLUMN OF TRIAL BALANCE WILL SHOWN IN

a)

CREDIT SIDE OF PROFIT & LOSS A/C

b)

DEBIT SIDE OF PROFIT & LOSS A/C

c)

LIABILITY SIDE OF BALANCE SHEET.

12.

SALARIES AND WAGES OF A FIRM IS RS 100000. IT IS DEBITED TO------

a)

FULL AMOUNT TO TRADING A/C

b)

FULL AMOUNT TO PROFIT & LOSS A/C

c)

RS 50000 TO TRADING A/C & 50000 TO PROFIT & LOSS A/C

13.

DD MEANS___

a)

DEMAND DEPOSIT

b)

DEMAND DRAFT

c)

DEEMED DRAFT

14.

WHICH KEY IS USED TO EDIT A CELL IN EXCEL?

a)

F2

b)

F1

c)

F4

15.

EXCEL FILE IS GENRALLY CALLED A

a)

WORKBOOK

b)

WORKSHEET

c)

DOCUMENT

16.

FIRST CELL IN EXCEL WORKSHEET IS LABELLED AS

a)

AA

b)

A1

c)

1A

d)

A0

17.

EXCELL DISPLAYS THE CURRENT CELL ADDRESS IN

a)

FORMULA BAR

b)

NAME BOX

c)

CELL

d)

TITLE BAR

18.

WHAT ARE THE SHORT KEYS FOR AUTO SUM IN MS EXCEL

a)

ALT+ =

b)

CTRL+ =

c)

SHIFT+ =

19.

INTERSECTION OF COLUMN AND ROW IN MS EXCEL IS

a)

CELL

b)

SHEET

c)

INTERSECTOR

20.

SHORT KEY FOR SAVE AN EXCEL FILE

a)

CTRL+ A

b)

CTRL+ S

c)

CTRL+ ENTER