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Computer Fundamentals :: Tally

  1. Which account is the odd one

  2. A.

     Furniture

    B.

     Land and buildings

    C.

     Stock of raw materials

    D.

     Plant and machinery

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  3. Which of the following is the example of external users of accounting information

  4. A.

     Government

    B.

     Owners

    C.

     Management

    D.

     Employee

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  5. A ______ is sent to a customer when he returns the goods

  6. A.

     Debit note

    B.

     Credit note

    C.

     Proforma invoice

    D.

     Bill

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  7. A ______ is sent to the seller when he is taken back the sold goods

  8. A.

     Debit note

    B.

     Credit note

    C.

     Proforma invoice

    D.

     Bill

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  9. Which of the following is not a transaction

  10. A.

     Goods are purchased on cash basis for Rs 1000

    B.

     Salaries paid for the month of May 20XX

    C.

     Land is purchased for Rs 10 lakhs

    D.

     An employee is dismissed from the job

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  11. Bank account is ________

  12. A.

     Personal account

    B.

     Real account

    C.

     Nominal account

    D.

     Intangible real account

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  13. Income earned but not received is known as ________

  14. A.

     Advance income

    B.

     Proposed income

    C.

     Earned income

    D.

     Accrued income

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  15. _____ refers the amount invested by the owner into business

  16. A.

     Loan

    B.

     Advance

    C.

     Capital

    D.

     Prepaid expenses

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  17. _______ is the major source of revenue of any business

  18. A.

     Investment

    B.

     Advances

    C.

     Loan

    D.

     Sales

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  19. Assets acquired for long term use in the business are called ________

  20. A.

     Fixed assets

    B.

     Current assets

    C.

     Fictitious assets

    D.

     Liquid asset

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