121. There are 2 types of income statement a/c, they are
a) Revenue and capital a/c
b) Contingency and capital a/c
c) Assets and liability a/c
d) Revenue and expense a/c
Answer: d) Revenue and expense a/c
122. At the end of fiscal year balances of the revenue a/c will be subtracted from the balances of the expense account to get the profit or loss
a) True
b) False
Answer: a) True
123. In the Chart of accounts (COA), which level consist of several a/c groups for accounts of different types
a) Level 1
b) Level 2
c) Level 5
d) All of the above
Answer: a) Level 1
124. How many levels are there in the chart of accounts?
a) 7
b) 5
c) 4
d) 3
Answer: b) 5
125. Level 2-4 consist of active or titles accounts
a) True
b) False
Answer: a) True
126. Which level contains active accounts only?
a) Level 1
b) Level 2
c) Level 5
d) All of the above
Answer: c) Level 5
127. The system displays the group cabinet’s a/c, i.e. Level 1 in
a) Black with grey background
b) Blue
c) Black with blue background
d) Blue with black background
Answer: c) Black with blue background
128. The system displays level 2-4 in
a) Black with grey background
b) Blue
c) Black with blue background
d) Blue with black background
Answer: b) Blue
129. The system displays level 5 in
a) Black
b) Blue
c) Green
d) Grey
Answer: a) Black
130. Accounts that you have entered in G/L a/c determination (primary a/c) are displayed in
a) Black with grey background
b) Blue
c) Green
d) Grey
Answer: c) Green
){kind=link}
0 Nhận xét