USING ACCOUNTING SOFTWARE - Quiz

1) Which budget is prepared for a very short period?

Current budget Long term budget Rolling budget Short term budget

2) Which ratio evaluate the availability of cash to pay debit?

Activity ratio Debit ratio Liquidity ratio Market ratio

3) Which function key is used to enter payment?

F3 F5 F7 F9

4) Which report displays ledgers and group summary information for the selected cost centre?

Category summary Cost centre Break-up Ledger break-up Group Break-up

5) Which name indicates the decreasing value of an Asset?

Current asset Depreciation Indirect expenses Sundry debitor