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Professional Development
Professional Development
White Belt Tally & Domain
15 questions
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- 1. Multiple ChoiceCustomers/Clients for a business can be classified under which Accounting Group?Sundry DebtorsCapitalPurchasesIndirect Expenses
- 2. Multiple ChoiceFurniture bought by a hardware dealer should be grouped under ____________Fixed AssetsCurrent LiabilitiesStock in hand (Closing stock)Purchases
- 3. Multiple ChoiceWhich report will help the user to view all the transactions recorded for a day. Further, he may also choose to view all the transactions for a specific period via this report, which report is it?Day BookTrading A/cBalance SheetProfit and Loss A/c
- 4. Multiple ChoiceYou will use ____________ voucher to record a transaction for depositing cash into your Bank account.ContraPurchaseMaterial InPhysical Stock
- 5. Multiple ChoiceA transaction of transferring the goods from one godown to another godown, will be recorded in _________________ voucher type.Stock JournalDelivery NoteSalesJournal
- 6. Multiple ChoiceWhich functionality will help you do a month on month comparative analysis of your expenses and incomes?Auto ColumnShow ProfitsAlter columnSorting method
- 7. Multiple ChoiceGross profit is the profit a company makes after deducting the costs associated with making and selling its products. Gross profit can be viewed in ___________Trading A/cProfit and Loss A/cTrial BalanceBalance Sheet
- 8. Multiple ChoiceWhich of the following is an asset?GoodwillLoan takenCapitalIncome
- 9. Multiple ChoiceRajesh purchased goods from Anup and agreed to pay for the same two weeks later. In the books of Rajesh, Anup will be considered a _______________CreditorDebtorProprietorEmployee
- 10. Multiple ChoiceInventory can be valued based on many costing methods. Which one of the following is not a costing method for Inventory valuation?GIGOFIFOLIFOAvg Cost
- 11. Multiple ChoiceElectricity expenses paid by cash. In this transaction what is reflected in expenses side of the Profit and loss a/cElectricityCashIncomeElectricity Board A/c
- 12. Multiple ChoiceIndirect expenses are costs incurred in the daily operations of the business and not related to the products the company sells. Indirect expenses are reflected in ______________Profit and Loss A/cTrading A/cBalance SheetTrial Balance
- 13. Multiple ChoiceWhich of the following is a liability ?Share CapitalClosing StockInvestmentCash balance
- 14. Multiple ChoiceOwner and Business are the same for accounting purposesfalsetrue
- 15. Multiple ChoiceAssets is always equal to liabilities at any given point of timetruefalse
- Answer choicesTagsAnswer choicesTags