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Tally Prime Ledger Group Quiz

Total questions: 75

Worksheet time: 38mins

Name
Class
Date
1.

In Tally Prime, the ledger Cash is created under which group?

a)

Sundry Debtors

b)

Cash-in-Hand

c)

Bank Accounts

d)

Capital Account

2.

The ledger Bank of India is created under which group?

a)

Sundry Creditors

b)

Cash-in-Hand

c)

Bank Accounts

d)

Capital Account

3.

The ledger Capital Account is created under which group?

a)

Loans (Liability)

b)

Capital Account

c)

Reserves & Surplus

d)

Current Liabilities

4.

The ledger Salaries is created under which group?

a)

Direct Expenses

b)

Indirect Expenses

c)

Indirect Income

d)

Current Liabilities

5.

The ledger Wages is created under which group?

a)

Indirect Expenses

b)

Direct Expenses

c)

Indirect Income

d)

Loans (Asset)

6.

The ledger Rent Paid is created under which group?

a)

Indirect Expenses

b)

Direct Expenses

c)

Fixed Assets

d)

Current Liabilities

7.

The ledger Sales is created under which group?

a)

Indirect Income

b)

Direct Incomes

c)

Current Assets

d)

Sundry Debtors

8.

The ledger Purchases is created under which group?

a)

Direct Expenses

b)

Purchase Accounts

c)

Indirect Expenses

d)

Current Assets

9.

The ledger Sundry Debtors is created under which group?

a)

Current Assets

b)

Current Liabilities

c)

Bank Accounts

d)

Indirect Expenses

10.

The ledger Sundry Creditors is created under which group?

a)

Current Assets

b)

Current Liabilities

c)

Fixed Liabilities

d)

Indirect Expenses

11.

The ledger Interest Received is created under which group?

a)

Direct Income

b)

Indirect Income

c)

Direct Expenses

d)

Indirect Expenses

12.

The ledger Commission Received is created under which group?

a)

Direct Income

b)

Indirect Income

c)

Capital Account

d)

Bank Accounts

13.

The ledger Interest Paid is created under which group?

a)

Indirect Expenses

b)

Direct Expenses

c)

Indirect Income

d)

Current Liabilities

14.

The ledger Insurance Premium Paid is created under which group?

a)

Indirect Expenses

b)

Direct Expenses

c)

Current Assets

d)

Indirect Income

15.

The ledger Outstanding Salaries is created under which group?

a)

Current Assets

b)

Current Liabilities

c)

Indirect Expenses

d)

Capital Account

16.

The ledger Prepaid Expenses is created under which group?

a)

Current Assets

b)

Current Liabilities

c)

Indirect Expenses

d)

Indirect Income

17.

The ledger Depreciation is created under which group?

a)

Indirect Expenses

b)

Direct Expenses

c)

Fixed Assets

d)

Indirect Income

18.

The ledger Machinery is created under which group?

a)

Fixed Assets

b)

Current Assets

c)

Indirect Expenses

d)

Direct Expenses

19.

The ledger Furniture is created under which group?

a)

Fixed Assets

b)

Current Assets

c)

Direct Expenses

d)

Indirect Income

20.

The ledger Goodwill is created under which group?

a)

Fixed Assets

b)

Current Assets

c)

Indirect Expenses

d)

Direct Expenses

21.

The ledger Advertisement Expenses is created under which group?

a)

Direct Expenses

b)

Indirect Expenses

c)

Indirect Income

d)

Capital Account

22.

The ledger Telephone Expenses is created under which group?

a)

Indirect Expenses

b)

Direct Expenses

c)

Indirect Income

d)

Current Liabilities

23.

The ledger Bills Payable is created under which group?

a)

Current Liabilities

b)

Current Assets

c)

Bank Accounts

d)

Indirect Expenses

24.

The ledger Bills Receivable is created under which group?

a)

Current Liabilities

b)

Current Assets

c)

Bank Accounts

d)

Direct Income

25.

The ledger Drawings is created under which group?

a)

Capital Account

b)

Current Liabilities

c)

Fixed Assets

d)

Current Assets

26.

Ledger Goodwill is created under which group?

a)

Current Asset

b)

Fixed Asset

c)

Investments

d)

Miscellaneous Expenses

27.

The ledger Telephone Expenses is created under which group?

a)

Direct Expenses

b)

Indirect Expenses

c)

Current Liabilities

d)

Suspense A/c

28.

Salary Outstanding ledger comes under:

a)

Current Assets

b)

Current Liabilities

c)

Indirect Expenses

d)

Capital A/c

29.

Ledger Wages is created under which group?

a)

Indirect Expenses

b)

Direct Expenses

c)

Current Liabilities

d)

Reserves & Surplus

30.

The ledger Capital Introduced is grouped under:

a)

Capital A/c

b)

Reserves & Surplus

c)

Current Assets

d)

Investments

31.

Depreciation ledger is created under which group?

a)

Fixed Assets

b)

Indirect Expenses

c)

Current Assets

d)

Miscellaneous Expenses

32.

Ledger Office Equipment is created under:

a)

Current Assets

b)

Fixed Assets

c)

Investments

d)

Miscellaneous Expenses

33.

The ledger Insurance Premium Paid is grouped under:

a)

Direct Expenses

b)

Indirect Expenses

c)

Current Liabilities

d)

Miscellaneous Expenses

34.

Ledger Loan from SBI is created under which group?

a)

Secured Loans

b)

Unsecured Loans

c)

Current Liabilities

d)

Sundry Creditors

35.

The ledger Advertisement Expenses is grouped under:

a)

Indirect Expenses

b)

Direct Expenses

c)

Miscellaneous Expenses

d)

Indirect Incomes

36.

Ledger Postage & Courier is created under:

a)

Direct Expenses

b)

Indirect Expenses

c)

Suspense A/c

d)

Current Liabilities

37.

The ledger Building is grouped under:

a)

Fixed Assets

b)

Current Assets

c)

Investments

d)

Capital A/c

38.

Ledger Loose Tools comes under which group?

a)

Indirect Expenses

b)

Fixed Assets

c)

Current Assets

d)

Investments

39.

Ledger Carriage Inwards is created under:

a)

Indirect Expenses

b)

Direct Expenses

c)

Current Liabilities

d)

Direct Incomes

40.

Ledger Carriage Outwards is created under:

a)

Direct Expenses

b)

Indirect Expenses

c)

Current Liabilities

d)

Investments

41.

Ledger Stationery is created under:

a)

Direct Expenses

b)

Indirect Expenses

c)

Fixed Assets

d)

Miscellaneous Expenses

42.

Ledger Traveling Expenses is grouped under:

a)

Indirect Expenses

b)

Direct Expenses

c)

Suspense A/c

d)

Current Liabilities

43.

Ledger Rent Paid comes under which group?

a)

Indirect Expenses

b)

Direct Expenses

c)

Current Liabilities

d)

Suspense A/c

44.

Ledger Rent Received is created under:

a)

Indirect Expenses

b)

Indirect Incomes

c)

Direct Incomes

d)

Capital A/c

45.

Ledger Repairs & Maintenance is grouped under:

a)

Indirect Expenses

b)

Direct Expenses

c)

Miscellaneous Expenses

d)

Current Liabilities

46.

Ledger Salary Paid is created under:

a)

Direct Expenses

b)

Indirect Expenses

c)

Current Liabilities

d)

Miscellaneous Expenses

47.

Ledger Audit Fees is created under:

a)

Direct Expenses

b)

Indirect Expenses

c)

Current Assets

d)

Miscellaneous Expenses

48.

Ledger Commission Received comes under:

a)

Direct Incomes

b)

Indirect Incomes

c)

Indirect Expenses

d)

Current Liabilities

49.

Ledger Discount Allowed is created under:

a)

Indirect Expenses

b)

Indirect Incomes

c)

Suspense A/c

d)

Miscellaneous Expenses

50.

Ledger Discount Received is grouped under:

a)

Indirect Expenses

b)

Indirect Incomes

c)

Current Liabilities

d)

Capital A/c

51.

In Tally Prime, the ledger "Bank of Baroda" is created under which group?

a)

Loans (Liability)

b)

Bank Accounts

c)

Sundry Debtors

d)

Capital Account

52.

The ledger "LIC Premium" should be created under which group?

a)

Indirect Expenses

b)

Loans (Asset)

c)

Investments

d)

Capital Account

53.

The ledger "Office Stationery" comes under which group?

a)

Direct Expenses

b)

Indirect Expenses

c)

Sundry Creditors

d)

Purchase Accounts

54.

The ledger "Electricity Charges" is placed under:

a)

Indirect Expenses

b)

Direct Expenses

c)

Fixed Assets

d)

Misc. Expenses

55.

The ledger "Outstanding Rent" is created under which group?

a)

Current Liabilities

b)

Current Assets

c)

Indirect Expenses

d)

Fixed Assets

56.

The ledger "Cash Discount Allowed" is created under:

a)

Indirect Expenses

b)

Direct Incomes

c)

Sundry Debtors

d)

Misc. Incomes

57.

The ledger "Cash Discount Received" is created under:

a)

Indirect Income

b)

Indirect Expenses

c)

Current Liabilities

d)

Current Assets

58.

The ledger "Interest Paid" belongs to which group?

a)

Indirect Expenses

b)

Indirect Income

c)

Current Liabilities

d)

Fixed Assets

59.

The ledger "Interest Received" is created under:

a)

Indirect Income

b)

Indirect Expenses

c)

Current Assets

d)

Capital

60.

The ledger "Advertisement Expenses" is created under:

a)

Indirect Expenses

b)

Direct Expenses

c)

Sundry Creditors

d)

Investments

61.

The ledger "Audit Fees" is grouped under:

a)

Indirect Expenses

b)

Indirect Income

c)

Current Liabilities

d)

Capital Account

62.

The ledger "Legal Charges" is created under which group?

a)

Indirect Expenses

b)

Direct Expenses

c)

Current Liabilities

d)

Capital

63.

The ledger "Packing Charges" is created under:

a)

Direct Expenses

b)

Indirect Expenses

c)

Indirect Income

d)

Purchase Account

64.

The ledger "Sales Returns" is grouped under:

a)

Sales Accounts

b)

Purchase Accounts

c)

Direct Income

d)

Indirect Income

65.

The ledger "Purchase Returns" belongs to:

a)

Purchase Accounts

b)

Direct Expenses

c)

Indirect Expenses

d)

Current Assets

66.

The ledger "Rent Paid" is grouped under:

a)

Indirect Expenses

b)

Direct Expenses

c)

Current Liabilities

d)

Fixed Assets

67.

The ledger "Rent Received" is created under:

a)

Indirect Income

b)

Direct Income

c)

Current Liabilities

d)

Capital Account

68.

The ledger "Commission Paid" is created under which group?

a)

Indirect Expenses

b)

Indirect Income

c)

Sundry Creditors

d)

Misc. Expenses

69.

The ledger "Commission Received" belongs to:

a)

Indirect Income

b)

Indirect Expenses

c)

Capital Account

d)

Loans (Liability)

70.

The ledger "Salary Advance" is created under:

a)

Loans & Advances (Assets)

b)

Indirect Expenses

c)

Sundry Creditors

d)

Current Liabilities

71.

The ledger "Customs Duty" is grouped under:

a)

Direct Expenses

b)

Indirect Expenses

c)

Current Liabilities

d)

Fixed Assets

72.

The ledger "Import Duty" is grouped under:

a)

Direct Expenses

b)

Indirect Expenses

c)

Purchase Accounts

d)

Misc. Expenses

73.

The ledger "Drawings" is created under:

a)

Capital Account

b)

Loans (Assets)

c)

Current Liabilities

d)

Fixed Assets

74.

The ledger "Debenture Interest" is created under which group?

a)

Indirect Expenses

b)

Indirect Income

c)

Fixed Assets

d)

Current Assets

75.

The ledger "Bank Overdraft" is created under:

a)

Bank OCC A/c (under Current Liabilities)

b)

Bank Accounts

c)

Loans (Assets)

d)

Capital Account

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