Students and Teachers Forum

1. The process of collecting and preserving important letters and documents in a systematic manner for future reference is called ______.

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2. Drafting letters means ______.

"writing .....

3. The formal educational degree which is awarded by schools or boards or universities is called ______.

"academic .....

4. The tax which is imposed by the local government like Village Development Committee, Municipality, Metropolitan City and District Development Committee is known as ______.

"local .....

5. A tax which is levied while manufacturing or selling or consuming goods and services is known as ______.

"excise .....

6. A tax which is collected directly from the individuals and organizations on the basis of their incomes and properties is known as ______.

"direct .....

7. Which one of them is the objective of taxation?

"All the options are .....

8. “Taxation is the compulsory payment made by a person or organization to the government to meet the expenses incurred in the common interest of the people and nation without getting any special benefit.” Who gave this definition?

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9. Tax is a ______ of a person or an organization to the state or government.

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10. Which one of them is the function of sectional chief?

"All the options are .....

11. Which one of them is the function of office chief?

"Al the options are .....

12. "The office personnel refer to all the examples of the office comprising the chief, sectional chiefs and assistants who jointly work for the attainment of the organizational goals". Who gave this definition of office personnel?

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13. The process of recruiting, selecting, training and placing the employees to the jobs to which they are best fitted is called ______.

"personnel .....

14. The office chief, special chiefs and assistance that carry out all the administrative as well as clerical functions jointly to achieve the objectives of an organization refers to _____.

"office .....

15. Which one of them is the feature of an office?

"All the options are .....

16. "Office is a place where clerical operations are carried out." Who said this?

"J.C .....

17. Temporary office is also known as ______.

"short term .....

18. A permanent office is also known as ______.

"long term .....

19. A process of deciding in advance about the course of actions is called ______.

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20. The office does not record that information which is ______ for the organization.

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21. The systematic process of recording financial transactions helps in determining ______.

"actual profit or loss of the .....

22. The information received in the office is communicated through ______.

"all the options are .....

23. The act of processing information involves ______ the information.

"all the options are .....

24. Which one of them is the function of an office?

"All the options are .....

25. The information received in the office is recorded in a systematic manner in the ______.

"all the options are .....

26. Administrative functions are performed by the ______.

"all the options are .....

27. Which one of them is a clerical function of an office?

"Handling .....

28. Which one of them is an administrative function of an office?

"Preparing and implementing .....

29. The process of linking the activities of different persons and department for the achievements of organizational objectives is called ______.

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30. "Office is a place where clerical operations are carried out." Who gave this definition?

"J.C. .....

31. ______  is also known as total cum balance method.

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32. In how many ways, the trial balance can be prepared?

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33. The trial balance is prepared on ______ basis as per the requirement of the business.

"all the options are .....

34. The trial balance serves the basis for preparing the ______.

"final .....

35. The trial balance ______.

"is used to prove that there are no errors in the journal or .....

36. The trail balance helps in minimizing the different types of accounting ______.

"all the options are .....

37. "Trail balance is a list of balances debit or credit standing in the books of a trader at any given date." Who said this?

"J. R. .....

38. The objective of preparing the trail balance is ______.

"all the options are .....

39. Account credited in the journal should be ______ in the ledger account.

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40. Account debited in a journal should be ______ in the ledger account.

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41. What is the full form of JF?

"Journal .....

42. The name of account should be mentioned at the ______.

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43. While posting the account from journal to the ledger, the rules of ______ should be followed.

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44. Ledger is a primary book in which all the transactions are posted in a ______.

"classified .....

45. Which of the following are used to document journal entries that are made in the general journal?

"Journal .....

46. Who should be allowed to enter adjusting entries through the general journal?

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47. In a hand-written accounting system where would you record a decrease in an asset?

"On the credit side of the ledger account for the .....

48. Which of the following is the correct terminology for the right hand side of a hand-written ledger account?

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49. Trial balance is prepared to check accuracy of ______.

"Ledger accounts .....

50. Journal entries are the systematic order record of financial transaction in the ______.

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