Chapter 4: Accounts Info

 

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#1. The term ______________ refers to feeding information needed for maintaining books of accounts of a company.

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#2. Accounts has been broadly classified into two heads ______________ and ____________

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#3. __________ is a common head meant for disclosing total of like natured ledger balances either in Balance sheet or Profit & Loss A/c

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#4. Tally has _________ Pre-defined groups by default.

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#5. There are ________ Primary Groups.

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#6. __________ is the Shortcut keys to delete the groups.

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#7. The term _______________ refers to allocation of certain folio/space for each homogeneous natured accounting item based on its behaviour.

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#8. Tally has _________ Pre-defined ledgers by default.

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#9. Ledgers accounts namely _______________ and _______________

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#10. _____________ is an option to handle more ledgers at a time.

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#11. _________ is the Shortcut key to delete the ledgers.

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#12. We can alter any Ledger/Groups from the _____________________

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#13. _____________________ may also be entered while creating Ledgers itself.

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#14. _________________ is the persons to whom company owns to pay money, Suppliers in general.

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#15. ___________________ is the persons who owned to pay money to company, customers in general.

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#16. ____________________ is the money invested in the company by proprietor/managing persons/ Public’s Share Money.

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#17. ________________ is any amount set aside from profit for unknown causes.

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#18. _________________ is an assets that can be liquidated into cash in a short run.

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#19. _____________ is any refundable money lies with outsiders as a security measure.

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#20. ______________ is liabilities that should be paid off in the short run.

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#21. _______________ is taxed levied by any government local authorities.

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#22. ______________ is any amount set aside from profit for known causes.

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#23. _________________ is an expenditure that will affect Gross Profit.

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#24. ________________ is an income that will contribute to gross profit-except sales.

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#25. __________________ is an assets that cannot be liquidated into cash in a short run.

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#26. ______________ is an expenditure that will not affect Gross Profit.

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#27. ___________________ is an incomes that will not contribute to gross profit.

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#28. ________________ is a group if any doubtful ledgers/entries or temporary ledgers can be used.

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#29. ____________ is the money invested by the company with an intention to earn profit.

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#30. _______________ is loans received against securities.

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