Mock Test Level One
Authored by Avinash Patil
Education
University
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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is navigation path for creating multiple stock items in Tally Prime?
Gateway of Tally> Charts of Accounting> Create>Stock Item> Multi Master
Gateway of Tally> Charts of Accounting>Stock Item> Multi Master
Gateway of Tally> Charts of Accounting> Multi Master > Stock item
Gateway of Tally> Charts of Accounting> Multi Master
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The act of recording a transaction in a payment vouchers is called 'Journalising'
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A charts of accounts is a listing of the name of the accounts, which is used to record the day to day business transaction.
Ture
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the major advantages of accounting software over manual accounting?
Business
Profitability
Man Power
availability
Partnership
Conflicts
Timesaving
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the double-entry system of accounting, every transaction is recorded in atleast four accounts.
Ture
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following information helps by assessing the balance sheet for the business?
A company's inefficiency in day-to-day working Balanced management
A company's long-term financial strength and performance
A company's asset portfolio
A company's efficiency in day-to-day Human resource management
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the 'Double Entry System' of Accounting?
Financial Statement preparation system
Recording System
Reporting system
Debit and Credit determining system
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