USING ACCOUNTING SOFTWARE - Practice Mode

1) Which budget is prepared for a very short period?
Correct Answer: Current budget
2) Which ratio evaluate the availability of cash to pay debit?
Correct Answer: Liquidity ratio
3) Which function key is used to enter payment?
Correct Answer: F5
4) Which report displays ledgers and group summary information for the selected cost centre?
Correct Answer: Cost centre Break-up
5) Which name indicates the decreasing value of an Asset?
Correct Answer: Depreciation