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MCQs

Total Questions : 250 | Page 2 of 25 pages
Question 11. Accrued income comes under
  1.    Current liability
  2.    Capital
  3.    Current asset
  4.    Fixed asset
 Discuss Question
Answer: Option C. -> Current asset
Question 12. The term current assets does not include ________
  1.    Debtors
  2.    Bills Receivable
  3.    Stock
  4.    Goodwill
 Discuss Question
Answer: Option D. -> Goodwill
Question 13. Accounting principles are divided into two types. These are
  1.    Accounting concepts
  2.    Accounting conventions
  3.    Accounting standard
  4.    Both A and B
 Discuss Question
Answer: Option D. -> Both A and B
Question 14. Taxes paid come under which group
  1.    Capital
  2.    Loans and liabilities
  3.    Direct expenses
  4.    Duties and taxes
 Discuss Question
Answer: Option D. -> Duties and taxes
Question 15. There are ________ predefined ledgers
  1.    One
  2.    Three
  3.    Two
  4.    Four
 Discuss Question
Answer: Option C. -> Two
Question 16. In tally screen right extreme displays ________
  1.    Selected companies
  2.    Current date
  3.    Gate way of tally
  4.    Button bar
 Discuss Question
Answer: Option D. -> Button bar
Question 17. Closing stock come under ________
  1.    Current asset
  2.    Fixed asset
  3.    Stock in hand
  4.    Direct income
 Discuss Question
Answer: Option C. -> Stock in hand
Question 18. E-mail can be used to
  1.    Send mail directly from tally screen
  2.    To send e-mail
  3.    Download information
  4.    Access help
 Discuss Question
Answer: Option A. -> Send mail directly from tally screen
Question 19. Capital of the company is included under
  1.    Capital account
  2.    Fixed liabilities
  3.    Loans and advances
  4.    Current liabilities
 Discuss Question
Answer: Option A. -> Capital account
Question 20. Carriage inwards can be included in
  1.    Direct expenses
  2.    Indirect expenses
  3.    Current liability
  4.    Misc Expenses
 Discuss Question
Answer: Option A. -> Direct expenses

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