QUIZ ON : tally - ACCOUNTING MASTERS IN TALLY ERP9

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

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

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

Partners Current Account have _________ Partners Current Account have _________

Gaining Ratio: Gaining 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:

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

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

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, 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:

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

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 @ _________

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.

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:

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.

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

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

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

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:

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

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

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

Goodwill of the deceased partner will be debited in remaining partners’ capital Account in ratio. Goodwill of the deceased partner will be debited in remaining partners’ capital Account in ratio.

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.

Current accounts are opened if capital is __________ Current accounts are opened if capital is __________

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

Partnership deed may be _______ Partnership deed may be _______

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.

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.

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 _________

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. .

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

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

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.

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?

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

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

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.

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

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:

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

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

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

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 _________

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

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:

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:

Interest on capital will be shown in ________ Interest on capital will be shown in ________

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