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Quiz

1/10
Advance Accountancy
When preparing consolidated financial statements following a business combination, which method is predominantly used to account for the transaction?
Select the answer
1 correct answer
A.
Equity Method
B.
Acquisition Method
C.
Cost Method
D.
Cash Flow Method

Quiz

2/10
Arithmetics
Find the value of 40% of 150.
Select the answer
1 correct answer
A.
50
B.
40
C.
60
D.
45

Quiz

3/10
Audit
What is the primary purpose of an audit in financial records?
Select the answer
1 correct answer
A.
To calculate tax liabilities
B.
To provide independent assurance on the fairness of financial statements
C.
To manage daily operational tasks
D.
To prepare annual budgets

Quiz

4/10
Bank Reconciliation Statement
Which of the following best explains the primary purpose of a Bank Reconciliation Statement?
Select the answer
1 correct answer
A.
To provide a detailed summary of all bank accounts
B.
To reconcile differences between the bank statement and the cash book
C.
To report the profitability of the business
D.
To prepare the final annual financial statements

Quiz

5/10
Computer and Information Technology
Which of the following is a spreadsheet software commonly used for data analysis and financial calculations?
Select the answer
1 correct answer
A.
MS Word
B.
MS PowerPoint
C.
MS Excel
D.
MS Access

Quiz

6/10
Contemporary Technology Development
Which contemporary technology is noted for enhancing security and transparency in accounting processes?
Select the answer
1 correct answer
A.
Cloud Computing
B.
Blockchain Technology
C.
Internet Of Things (IoT)
D.
Artificial Intelligence

Quiz

7/10
Depreciation
Under the straight-line depreciation method, an asset costing Rs. 1,00,000 with a residual value of Rs. 10,000 and a useful life of 9 years will have an annual depreciation of:
Select the answer
1 correct answer
A.
Rs. 10,000
B.
Rs. 9,000
C.
Rs. 8,000
D.
Rs. 11,000

Quiz

8/10
Double Accounting System
In the Double Accounting System, what is the primary rule governing the recording of transactions?
Select the answer
1 correct answer
A.
Each entry affects only one account
B.
Every debit entry is matched by an equal credit entry
C.
Transactions are recorded without corresponding counter-entries
D.
The system allows the omission of balancing accounts

Quiz

9/10
E-banking
Which security measure is commonly implemented in e-banking to safeguard online transactions?
Select the answer
1 correct answer
A.
Encryption
B.
Faxing
C.
Manual ledger entry
D.
Paper-based verification

Quiz

10/10
Final Account
In preparing final accounts, which of the following is the correct order for a manufacturing organization?
Select the answer
1 correct answer
A.
Trading Account, Profit and Loss Account, Balance Sheet
B.
Balance Sheet, Trading Account, Profit and Loss Account
C.
Profit and Loss Account, Trading Account, Balance Sheet
D.
Trading Account, Balance Sheet, Profit and Loss Account
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Info quiz:

  • Quiz name:UPSSSC Assistant Accountant
  • Total number of questions:800
  • Number of questions for the test:100
  • Pass score:70%
  • Number of topics:16 Topics
Study topics:Number of questions:
  • Advance Accountancy:50 Questions
  • Arithmetics:50 Questions
  • Audit:50 Questions
  • Bank Reconciliation Statement:50 Questions
  • Computer and Information Technology:50 Questions
  • Contemporary Technology Development:50 Questions
  • Depreciation:50 Questions
  • Double Accounting System:50 Questions
  • E-banking:50 Questions
  • Final Account:50 Questions
  • Fundamentals of Accounting:50 Questions
  • General Knowledge of Financial Rules:50 Questions
  • Preparation of Preliminary Books of Accounts:50 Questions
  • RTGS:50 Questions
  • Taxation:50 Questions
  • Use of computers in budget control:50 Questions

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