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WorksheetsSPECTRUM THEORY QUIZ- 5
Total questions: 20
Worksheet time: 10mins
O/S SALARY IS ……
REAL ACCOUNT
PERSONAL ACCOUNT
NOMINAL ACCOUNT
AS PER GOLDEN RULES OF ACCOUNTING ,ACCOUNTS ARE CLASSIFIED IN TO ____
2
3
4
WHAT IS ACCOUNTING EQUATION.
ASSET = CAPITAL + LIABILITIES
ASSET = CAPITAL-LIABILITIES
LIABILITIES = CAPITAL + ASSET
DAY BOOK IS AN EXAMPLE OF ------
PRIMARY BOOK
SECONDARY BOOK
FINAL ACCOUNTS
A FURNITURE DEALER PURCHASED FURNITURE FOR RS 10000/. WHAT IS THE JOURNAL ENTRY?
PURCHASE A/C DR TO CASH A/C
FURNITURE A/C DR TO CASH A/C
ADJUSTMENTS ARE MADE AT THE END OF THE FINANCIAL YEAR ACCORDING TO WHICH PRINCIPLE?
MATCHING PRINCIPLE
OBJECTIVITY PRINCIPLE
CONSISTENCY
SUNDRY CREDITORS ARE ALSO CALLED ------
ACCOUNTS PAYABLES
ACCOUNTS RECEIVABLES
CUSTOMERS
COMMISSION RECEIVED COMES UNDER ____
REAL ACCOUNT
NOMINAL ACCOUNT
PERSONAL ACCOUNT
A BUSINESS OWNED BY A SINGLE PERSON IS CALLED----
SINGLE PROPREITORSHIP
SOLE PROPRIETORSHIP
SMALL BUSINESS
PATENT IS AN EXAMPLE OF ------
TANGIBLE ASSET
INTANGIBLE ASSET
CURRENT LIABILITY
SORCE DOCUMENT FOR SALARY PAID ____
RECEIPT VOUCHER
PAYMENT VOUCHER
INVOICE
BANK OVERDRAFT COMES UNDER-----
CURRENT ASSET
CURRENT LIABILITIES
LONG TERM LIABILITIES
ALL TRANSACTIOS ARE SUPPORTED BY SUFFICIENT DOCUMENTARY EVIDENCES. WHICH PRINCIPLE SAYS THIS?
OBJECTIVITY PRINCIPLES
GOING CONCERN PRINCIPLES
COST PRINCIPLE
SAME ACCOUNTNG METHOD SHOULD BE FOLLOWED YEAR AFTER YEAR FOR INTER PERIOD COMPARISON. WHICH PRINCIPLE STATES THIS?
CONSISTENCY PRINCIPLES
CONSERVATISM PRINCIPLE
COST PRINCIPLE
CAPITAL= ASSETS+ LIABILITIES
TRUE
FALSE
What is the purpose of the Filter feature in Excel?
To sort the data
To delete data
To display only the data that meets certain criteria
To add rows
How do you start a formula in Excel?
By typing @
By typing #
By typing =
By typing ?
Which keyboard shortcut is used to switch between opened files or windows?
CTRL + TAB
ALT + TAB
CTRL + ALT + TAB
SHIFT+TAB
____ is not a function in Excel.
SUM
MIN
SUBTRACT
MAX
_____ Excel function returns TRUE or FALSE based on two or more conditions
=AVERAGEIF
=AND
=COUNTA
=SUMIF
