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WorksheetsAssignment 2_SSU
Total questions: 25
Worksheet time: 13mins
To Create a New Company , you will choose ______ Option
Top Menu -> Company
Top Menu -> Data
Top Menu -> Help
Select Company -> Select from Drive
Daily business transactions are entered in tally through _________
Journal
Ledger
Voucher
Company
Which one is current asset
Building
Land
Cash in hand
Commission received
Which Voucher type is used to transfer cash from the bank and vice versa ?
Contra
Receipt
Payment
Reversing Journal
Outward supplies of a month shown in which of the following returns
GSTR2
GSTR3B
GSTR 9
GSTR 1
What's best to describe an inventory
Non current asset a business owned
An asset that is being held in business
Assets owned by business with purpose of selling to the customer
a service or product of a business
Which of the following is available to users of Tally Prime in educational version ?
Auto Bank Reconciliation
Multi-account printing
Tally on Browser
Transaction on 1st, 2nd and 31st
One company has only 1 GST rate for all the stock items they deal in. The best and fastest way to define the GST Rate for their data is to define the GST Details for ________________
Each stock item
A stock group
At the company level
Sales and Purchase ledgers
Which voucher type would you use to record introduction of capital in the business?
Payment
Receipt
Journal
Contra
____________ is the shortcut key(s) which will help you to create masters on the fly during voucher entry.
Ctrl_C
Shift_C
Alt_C
Ctrl_Enter
A registered dealer from Odisha sell goods to buyer / recipient of Odisha only. What type of GST will the registered dealer charge?
IGST
CGST
SGST
CGST & SGST
Owner invests $1200 cash into their business.
Which 2 accounts are being affected?
ACCOUNTS PAYABLE & CAPITAL
CASH & ACCOUNTS PAYABLE
CAPITAL & BANK
CASH & SUPPLIES
Which account is the odd one
Furniture
Land & Buildings
Stock of Raw Materials
Plant & Machinery
ERP stands for (a)
Which of the following describes an ERP system?
ERP systems provide a foundation for collaboration between departments
ERP systems enable people in different business areas to communicate
ERP systems have been widely adopted in large organisations to store critical knowledge used to make the decisions that drive the organisation's performance
All of the above
Accounting and Finance is responsible for tasks related to:
Recruits, hires, trains, and compensates employees, ensures compliance with government regulations, and oversees the evaluation of employees
Provide summaries of operational data in managerial reports, controlling accounts, planning and budgeting, and cash-flow management
Sets product prices, promotes products through advertising and marketing, takes customer orders, supports customers, and creates sales forecasts
Develops production plans, orders raw materials from suppliers, receives raw material, manufactures products, maintains facilities, and ships products to customers
