QUIZ ON : tally - ACCOUNTING MASTERS IN TALLY ERP9

Goodwill is an _______ Assets. Goodwill is an _______ Assets.

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.

Partnership deed may be _______ Partnership deed may be _______

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

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?

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.

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

Gaining Ratio: Gaining Ratio:

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:

At what rate is interest payable on the amount remaining unpaid to the executor of deceased partner, in absence of any agreement among partners, when (s)he opts for interest and not share of profit. At what rate is interest payable on the amount remaining unpaid to the executor of deceased partner, in absence of any agreement among partners, when (s)he opts for interest and not share of profit.

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

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.

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

To create Purchase Order press To create Purchase Order press

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

Gaining Ratio = ________ New Ratio – Old 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 an existing partner, goodwill already shown in the books is written off in ratio.

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:

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

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

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. .

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 @ _________

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

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?

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

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.

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 _________

Income and Expenditure A/c is of the nature of: Income and Expenditure A/c is of the nature of:

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

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

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 ________

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

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

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

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

Profit will be divided in ________ in the absence of partnership deed. Profit will be divided in ________ in the absence of partnership deed.

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

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

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

Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc. अनाज, दाल, चीनी, तेल, घी आदि स्टॉक वस्तुओं के लिए कौन सी इकाई बनाई जाती है?

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:

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

Subscriptions received in advance during the accounting year is: Subscriptions received in advance during the accounting year is:

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

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:

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:

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.

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

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