Tally MCQs

Question 1

Transfer from main cash to petty cash you require to pass ________

Accepted Answer

Contra

Answer

Voucher

Answer

Payment

Answer

Receipt

Question 2

Income tax number of the company will appear in which report

Accepted Answer

None of these

Answer

Cash/bank book

Answer

Profit and loss a/c

Answer

Reminder letter

Question 3

Patent account falls under

Accepted Answer

None of these

Answer

Investments

Answer

Liabilities

Answer

Current assets

Question 4

Drawings account is to be created by linking with

Accepted Answer

Capital

Answer

Current asset

Answer

Current liability

Answer

Drawings

Question 5

Transactions are firstly entered in:

Accepted Answer

Journal

Answer

Ledger

Answer

Trial balance

Answer

None of these

Question 6

A trial balance is prepared

Accepted Answer

To test the arithmetical accuracy

Answer

To prepare p &l a/c

Answer

For making adjustments

Answer

To balance the a/c

Question 7

Capital is treated as liability because of

Accepted Answer

Entity concept

Answer

Dual aspect concept

Answer

Money measurement concept

Answer

Matching concept

Question 8

______ are the liabilities which are payable after a long period

Accepted Answer

Fixed liabilities

Answer

Miscellaneous expenditure

Answer

Current liabilities

Answer

Contingent liabilities

Question 9

______ is an example for long term liabilities

Accepted Answer

Debentures

Answer

Creditors

Answer

Overdraft

Answer

Bills payable