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Knowledge quiz
Questions 10
Criteria 60% to pass
Difficulty Hard
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Customers/Clients for a business can be classified under which Accounting Group?

Furniture bought by a hardware dealer should be grouped under ____________

Which report will help the user to view all the transactions recorded for a day.

You will use ____________ voucher to record a transaction for depositing cash into your Bank account.

Which of the following is an asset?

A transaction of transferring the goods from one godown to another godown, will be recorded in _________________ voucher type.

Electricity expenses paid by cash. In this transaction what is reflected in expenses side of the Profit and loss a/c

Can we show Vertical Balance Sheet In Tally?

Owner and Business are the same for accounting purposes

Assets is always equal to liabilities at any given point of time

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