Fundamentals of Accounting, Introduction to Tally Software

Fundamentals of Accounting, Introduction to Tally Software

Professional Development

30 Qs

quiz-placeholder

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Fundamentals of Accounting, Introduction to Tally Software

Fundamentals of Accounting, Introduction to Tally Software

Assessment

Quiz

Other

Professional Development

Hard

Created by

CreativeTally CreativeTally

Used 11+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

From the following which is not a Depreciation method?

Straight-line depreciation

Diminishing balance method

Substraction Method

Sum-of-years-digits method

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

As per any accounting software, there are only two types of ledger accounts, 1.Accounts having Debit balance, 2. Accounts having Credit balances?

False

True

None of the above

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Accounting is the practice of maintaining precise records of the financial dealings of a
business.

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A ____________ is a business activity that involves the transfer of money or money’s worth
between two accounts?

a) Transaction


b) Subsidiary Book

c) Ledger

d) Group

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The earnings of a business through its activities and operations are called_________.



a) Share capital

b) Retained Earnings

c) Expenditure

d) Revenue

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The accounting process begins with identifying and recording the transactions in the books
of accounts.


a) TRUE

b) FALSE

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

‘Accounts relating to individuals, a group of individuals, firms and institutions'. This
statement is used for which one of the following Type of Accounts?

a) General Accounts


b) Nominal Accounts

c) Real Accounts

d) Personal Accounts

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