QUIZ ON : tally - ACCOUNTING MASTERS IN TALLY ERP9

Partnership will be dissolved if Partnership will be dissolved if

At the time of death of a partner account is prepared. At the time of death of a partner account is prepared.

Goodwill brought in cash by new partners will be transferred in old partners capital account in _______ Ratio. Goodwill brought in cash by new partners will be transferred in old partners capital account in _______ Ratio.

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 ________

Salary to partners will be shown in _________ Salary to partners will be shown in _________

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

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 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:

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.

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

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

The retiring/deceased partner must be compensated in the form of premium (goodwill) for the share of profit in favour of continued partners. . The retiring/deceased partner must be compensated in the form of premium (goodwill) for the share of profit in favour of continued partners. .

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

Maximum number of partners in a partnership firm can be ________ Maximum number of partners in a partnership firm can be ________

Partnership deed may be _______ Partnership deed may be _______

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:

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

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

Gaining Ratio = ________ New Ratio – Old Ratio

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

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

A and B are partners in a firm having a capital of ₹ 54,000 and ₹ 36,000 respectively. They admitted C for 1/3rd share in the profits C brought proportionate amount of capital. The Capital brought in by C would be: A and B are partners in a firm having a capital of ₹ 54,000 and ₹ 36,000 respectively. They admitted C for 1/3rd share in the profits C brought proportionate amount of capital. The Capital brought in by C would be:

Old Partnership will dissolve if Old Partnership will dissolve if

Retirement of a partner is of partnership firm. Retirement of a partner is of partnership firm.

Minimum number of partners in a partnership are ________ Minimum number of partners in a partnership are ________

In Receipts and Payments A/c, cash in hand or at the bank is put on: In Receipts and Payments A/c, cash in hand or at the bank is put on:

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

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.

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

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.

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.

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.

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

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.

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.

In the absence of partnership deed how much interest will be given on capital? In the absence of partnership deed how much interest will be given on capital?

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

To create Purchase Order press To create Purchase Order press

Share of old Partners will ________ if new partner admit in the firm. Share of old Partners will ________ if new partner admit in the firm.

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

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

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

Balance of capital (fix) accounts may be _________ Balance of capital (fix) accounts may be _________

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:

Partners Current Account have _________ Partners Current Account have _________

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?

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:

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 Income and Expenditure Account all revenue receipts are entered on: In the Income and Expenditure Account all revenue receipts are entered on: