Tally(Computer Science ) Questions and answers for exam Preparation

Question 1. Which account is the odd one

Furniture
Land and buildings
Stock of raw materials
Plant and machinery

Explanation:-

Answer: Option C. -> Stock of raw materials

Question 2. Which of the following is the example of external users of accounting information

Government
Owners
Management
Employee

Explanation:-

Answer: Option A. -> Government

Question 3. A ______ is sent to a customer when he returns the goods

Debit note
Credit note
Proforma invoice
Bill

Explanation:-

Answer: Option B. -> Credit note

Question 4. Which of the following is not a transaction

Goods are purchased on cash basis for Rs 1000
Salaries paid for the month of May 20XX
Land is purchased for Rs 10 lakhs
An employee is dismissed from the job

Explanation:-

Answer: Option D. -> An employee is dismissed from the job

Question 5. Bank account is ________

Personal account
Real account
Nominal account
Intangible real account

Explanation:-

Answer: Option A. -> Personal account

Question 6. Income earned but not received is known as ________

Advance income
Proposed income
Earned income
Accrued income

Explanation:-

Answer: Option D. -> Accrued income

Question 7. _____ refers the amount invested by the owner into business

Loan
Advance
Capital
Prepaid expenses

Explanation:-

Answer: Option C. -> Capital

Question 8. _______ is the major source of revenue of any business

Investment
Advances
Loan
Sales

Explanation:-

Answer: Option D. -> Sales

Question 9. Assets acquired for long term use in the business are called ________

Fixed assets
Current assets
Fictitious assets
Liquid asset

Explanation:-

Answer: Option A. -> Fixed assets

Question 10. A person who owes money to the business is a ________

Debtor
Creditor
Investor
Supplier

Explanation:-

Answer: Option A. -> Debtor