QUIZ ON : tally - ACCOUNTING MASTERS IN TALLY ERP9

In Income and Expenditure A/c all revenue expenses are entered on: In Income and Expenditure A/c all revenue expenses are entered on:

At the time of admission of a partner, new ratio will be calculated by: At the time of admission of a partner, new ratio will be calculated by:

At the time of retirement of an existing partner, goodwill already shown in the books is written off in ratio. At the time of retirement of an existing partner, goodwill already shown in the books is written off in ratio.

A, B and C are partners sharing profits in ratio 4 : 3 : 2. B retires, selling his share of profit to A and C for ₹ 7200 (₹. 4,000 paid by A and B 3,200 paid by C). The new profit sharing ratio of A and C would be: A, B and C are partners sharing profits in ratio 4 : 3 : 2. B retires, selling his share of profit to A and C for ₹ 7200 (₹. 4,000 paid by A and B 3,200 paid by C). The new profit sharing ratio of A and C would be:

________ profit is excess of actual profits over normal profits. ________ profit is excess of actual profits over normal profits.

An increase in the value of a liability will be recorded on the ________ side of revaluation account. An increase in the value of a liability will be recorded on the ________ side of revaluation account.

If there is any baiance left unpaid to the retiring / deceased partner, then interest @ will be given in the absence any provision of partnership deed. If there is any baiance left unpaid to the retiring / deceased partner, then interest @ will be given in the absence any provision of partnership deed.

Value of reputation of the firm is: Value of reputation of the firm is:

Old Partnership will dissolve if Old Partnership will dissolve if

If no agreement is made by partners then interest on loan will be given @ _________ If no agreement is made by partners then interest on loan will be given @ _________

If new partner brings goodwill in cash then Account will be credited. If new partner brings goodwill in cash then Account will be credited.

Maximum number of partners in a normal partnership are ________ Maximum number of partners in a normal partnership are ________

Cash received by converting an asset into cash is reflected in: Cash received by converting an asset into cash is reflected in:

Unrecorded Assets will be _______ in Revaluation Account. Unrecorded Assets will be _______ in Revaluation Account.

Branch / Division is a group defined under ब्रांच / शाखा एक ग्रुप है जिसे defined किया गया है

After retirement of a partner, share of remaining partner will After retirement of a partner, share of remaining partner will

At the time of retirement of a partner, goodwill will be credited in partner’s capital Account. At the time of retirement of a partner, goodwill will be credited in partner’s capital Account.

If the credit side of Receipts and Payments A/c exceeds the debit side, the balance represents: If the credit side of Receipts and Payments A/c exceeds the debit side, the balance represents:

Liability of a partner in LLP is ________ Liability of a partner in LLP is ________

Partners Current Account have _________ Partners Current Account have _________

Profit or loss represented by Revaluation Account will be transferred to capital accounts of ______ partners. Profit or loss represented by Revaluation Account will be transferred to capital accounts of ______ partners.

Partnership deed may be _______ Partnership deed may be _______

Maximum number of partners in a banking partnership are _________ Maximum number of partners in a banking partnership are _________

Profit or loss on revaluation of assets and liabilities at the time of retirement of a partner is shared by Profit or loss on revaluation of assets and liabilities at the time of retirement of a partner is shared by

An increase in the value of an assets will be recorded in the _______ side of revaluation account. An increase in the value of an assets will be recorded in the _______ side of revaluation account.

Drawings of partners will be shown in ________ Drawings of partners will be shown in ________

Which option is used to view Trial Balance from Gateway of Tally? गेटवे ऑफ़ टैली से ट्रायल बैलेंस देखने के लिए किस विकल्प का उपयोग किया जाता है?

In a partnership, liability of all partners is _________ In a partnership, liability of all partners is _________

Which of the following equation is true for balance sheet बैलेंस शीट के लिए निम्नलिखित में से कौन सा समीकरण सही है

At the time of retirement of a partner, account is prepared. At the time of retirement of a partner, account is prepared.

In the absence of any provision interest on capital will be calculated for _________ In the absence of any provision interest on capital will be calculated for _________

New Partner can be admitted in the firm with the consent of ________ old partners. New Partner can be admitted in the firm with the consent of ________ old partners.

At the time retirement of a partner, ratio is calculated: At the time retirement of a partner, ratio is calculated:

Any change in the relationship of existing partners which results at an end of the existing agreement and enforces making of a new agreement is called Any change in the relationship of existing partners which results at an end of the existing agreement and enforces making of a new agreement is called

When question is silent about the date of withdrawal of drawing then Interest will becalculated for ________ When question is silent about the date of withdrawal of drawing then Interest will becalculated for ________

Amount of old goodwill already appearing in the books will be written off: Amount of old goodwill already appearing in the books will be written off:

After the death of an existing partner, shares of remaining partner will After the death of an existing partner, shares of remaining partner will

A decrease in the value of a liability will be recorded on the ________ side of revaluation account. A decrease in the value of a liability will be recorded on the ________ side of revaluation account.

When there is no partnership deed then provisions of partnership act ________ willbe applicable. When there is no partnership deed then provisions of partnership act ________ willbe applicable.

In the absence of partnership deed partners are entitled to receive __________ In the absence of partnership deed partners are entitled to receive __________

No cash transaction will be excluded from: No cash transaction will be excluded from:

Gaining Ratio: Gaining Ratio:

The task of preparing Income and Expenditure A/c and the Balance Sheet commences after the preparation of the: The task of preparing Income and Expenditure A/c and the Balance Sheet commences after the preparation of the:

Unrecorded liabilities will be ______ in Revaluation Account. Unrecorded liabilities will be ______ in Revaluation Account.

If new partner brings goodwill in cash then ________ Account will be debited. If new partner brings goodwill in cash then ________ Account will be debited.

A ledger may get declaration space for its Alias through A ledger may get declaration space for its Alias through

Receipts and Payments A/c is the summary of a: Receipts and Payments A/c is the summary of a:

Provisions of Table _______ are applicable in the absence of partnership deed. Provisions of Table _______ are applicable in the absence of partnership deed.

What is the full form of ERP ? What is the full form of ERP ?

When the new partner brings cash for goodwill, the amount is credited to: When the new partner brings cash for goodwill, the amount is credited to: