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  1. A person who owes money to the business is a ________

    2. A.

     Debtor
    B.

     Creditor
    C.

     Investor
    D.

     Supplier

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  2. Accrued income comes under

    3. A.

     Current liability
    B.

     Capital
    C.

     Current asset
    D.

     Fixed asset

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  3. Taxes paid come under which group

    4. A.

     Capital
    B.

     Loans and liabilities
    C.

     Direct expenses
    D.

     Duties and taxes

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  4. Accounting principles are divided into two types. These are

    5. A.

     Accounting concepts
    B.

     Accounting conventions
    C.

     Accounting standard
    D.

     Both A and B

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  5. The term current assets does not include ________

    6. A.

     Debtors
    B.

     Bills Receivable
    C.

     Stock
    D.

     Goodwill

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  6. There are ________ predefined ledgers

    7. A.

     One
    B.

     Three
    C.

     Two
    D.

     Four

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  7. Closing stock come under ________

    8. A.

     Current asset
    B.

     Fixed asset
    C.

     Stock in hand
    D.

     Direct income

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  8. E-mail can be used to

    9. A.

     Send mail directly from tally screen
    B.

     To send e-mail
    C.

     Download information
    D.

     Access help

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  9. In tally screen right extreme displays ________

    10. A.

     Selected companies
    B.

     Current date
    C.

     Gate way of tally
    D.

     Button bar

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  10. Capital of the company is included under

    11. A.

     Capital account
    B.

     Fixed liabilities
    C.

     Loans and advances
    D.

     Current liabilities

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