QUIZ ON : tally - ACCOUNTING MASTERS IN TALLY ERP9

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

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

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

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

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:

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?

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:

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

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

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

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

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

Partnership will be dissolved if Partnership will be dissolved if

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

Partners Current Account have _________ Partners Current Account have _________

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

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 @ _________

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

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

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

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:

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

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:

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.

Sacrifice Ratio = _______ Sacrifice Ratio = _______

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.

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:

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?

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

Gaining Ratio = ________ New Ratio – Old Ratio

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.

Old Partnership will dissolve if Old Partnership will dissolve if

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.

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 ________

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.

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

If partnership deed mention that interest will be given 6% p.a. interest will be given _________ If partnership deed mention that interest will be given 6% p.a. interest will be given _________

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

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

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

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

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. .

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

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

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?

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

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

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