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SCHOLARSHIP EXAM FOR ACCOUNTING
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Welcome to your
ACCOUNTING SCHOLARSHIP EXAM
NAME
NUMBER
E-MAIL ID
1.
Who is the father of Computers ?
James Gosling
Charles Babbage
Dennis Ritchie
Bjarne Stroustrup
None
2.
What is the full form of CPU ?
Computer Processing Unit
Computer Principle Unit
Central Processing Unit
Control Processing Unit
None
3.
Which of the following are physical devices of a computer ?
Hardware
Software
System Software
Package
None
4.
MS stands for… ?
Micro System
Micro Soft
Macro System
Macro Soft
None
5.
URL stands for… ?
Uninterrupted Data Locater
Uninterrupted Record Locator
Uniform Record Locator
Uniform Resource Locator
None
6.
OS computer abbreviation usually means ?
Order of Significance
Open Software
Operating System
Optical Sensor
None
7.
___ is a brief explanation to a journal entry, given below the journal entry, within brackets ?
Narration
Ledger
Credit
Debit
None
8.
___ helps in conducting business electronically with the help of internet technology ?
Parity Bits
E- Commerce
Computer checks
None of these
None
9.
Sale proceeds of fixed assets are a… ?
Capital Profit
Revenue Profit
Capital Receipts
Revenue Receipts
None
10.
Which of the following expenses will be shown in the Profit and Loss Account ?
Wages
Carriage Outward
Carriage Inward
None of these
None
11.
Any written evidence in support of business transaction is… ?
Journal
Ledger
Cash Book
Voucher
None
12.
In journal the business transaction is recorded ?
Same day
Next day
Once in a week
Once in a month
None
13.
.… is a common base for preparing trail balance ?
Ledger Account
General Journal
Specialized Journal
Balance Sheet
None
14.
GST stands for ?
Goods and Source Tax
Government State Tax
Goods and Service Tax
Government System Tax
None
15.
1.IFSC stands for ?
International Food Service Code
International Financial System Code
Institute of Finance System Centre
Indian Financial System Code
None
16.
The revenues and expenses of a company are displayed in which statement ?
Balance Sheet
Cash Flow Statement
Income Statement
Fixed Asset Schedule
None
17.
What type of balance do asset accounts have ?
Credit
Debit
Contra
All of the above
None
18.
The kind of debts which are needed to be repaid in a short term is known as ?
Current liability
Long term liabilities
Depreciating Asset
Intangible Asset
None
19.
When are balance sheets prepared ?
Monthly
Quarterly
Half Yearly
Yearly
None
20.
Recording financial transaction is part of ?
Accounting
Book Keeping
Data Entry
Journaling
None
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