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COPA
COPA Set-1
Using Accounting Software
14

Using Accounting Software MCQ with Answers

14) Which is a statement of assets and liabilities?

Balance sheet

Journals

Ledgers

Trial balance

Answer is:

Balance sheet

Using Accounting Software MCQ with Answers

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Related Using Accounting Software MCQ with Answers

15) Which accounting system is incomplete and unscientific?

Double Entry System

Single Entry System

Triple Entry System

Multi Entry System

Answer is:

Single Entry System

16) What is the rule for real account?

Debtor the receiver, Creditor the giver

Debtor the giver, Creditor the receiver

Debit comes in, Credit goes out

Debit goes out, Credit comes in

Answer is:

Debit comes in, Credit goes out

17) Which shortcut key is used to activate calculator in Tally?

Ctrl + C

Ctrl + M

Ctrl + N

Ctrl + T

Answer is:

Ctrl + N

18) Which activity in Tally is used to find out the financial position of the organisation?

Balance sheet

Book-keeping

Trading

Profit and loss

Answer is:

Balance sheet

Using Accounting Software MCQ with Answers

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