Trinity - Tally Interview Preparation Questions
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TALLY QUESTIONS : PART 8

Which is not the default group in Tally?

Suspense Account

Outstanding Expenses

Sales Account

Investment

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Natural gas is a ________________________

Non GST Goods

GST Goods

Both A and B

None of the above

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________is an order placed by a customer for the delivery of specified goods at a given price and at a predetermined time.

Purchase order

Job order

Sales order

Job Work Out Order

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_________are special journals that are automatically reversed after a specified date.

Transfer journal

Manufacturing journal

Stock journal

Reversing journal

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“The owners of a business enterprise can reply on the regularity with which the   reporting of financial information takes place.” – Which accounting concept does this statement refer to?

Separate Entity Concept

Going Concern Concept

Cost Concept Dual Aspect Concept

Periodicity Concept

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Under which accounting concept can a company sue a debtor?

Going Concern Concept

Legal Aspect Concept

Separate Entity Concept

Accrual Concept

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Anand, an accountant at a company, recorded the cost of land purchased in the year 2013 for Rs. 50 lakh as Rs. 80000 in 2016, as he felt that it is the current market price. Which accounting concept did Anand violate?

 Going Concern Concept

Cost Concept

Dual Aspect Concept

Periodicity Concept

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The _________is the recording and measurement rule that provides the basis for double entry system of book- keeping

Dual aspect concept

Going Concern Concept

Cost Concept

Accrual Concept

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The practice of considering bad and doubtful debts in the book of accounts  before ascertaining the profit is based on the convention of __________

Consistency

Full Disclosure

Conservation

Materiality

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