USING ACCOUNTING SOFTWARE - Practice Mode

1) Which term is used for all the amounts payable by a business concern to outsiders?

Assets Capitals Debits Liabilities

Correct Answer: Liabilities

2) Which is a statement of all the ledger account balance prepared at the end of particular period to verify the accuracy of the entries?

Journals Receipts Trial Balance Vouchers

Correct Answer: Trial Balance

3) What is the purpose of Ctrl + Q key is the Gateway of Tally screen?

Close the tally screen Quit tally current screen Exit with confirmation Exit without confirmation

Correct Answer: Exit without confirmation

4) What is the purpose of Alt + W key in Tally?

Change the financial period Invoke Tally Reference Manual Open default web browser Exist Tally without confirmation

Correct Answer: Open default web browser

5) Which combination of function key is used to open inventory voucher's entry menu?

Alt + F1 Alt + F3 Alt + F5 Alt + F7

Correct Answer: Alt + F1

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