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120+ Computerized Accounting Software Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .

Chapters

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Chapter: Unit 3
101.

What is the advantage of a computer-based transaction processing system?

A. Does not require as stringent a set of internal controls.
B. Will produce a more accurate set of financial statements.
C. Eliminates the need to reconcile control accounts and subsidiary ledgers.
D. Will be more efficient at producing financial statements.
Answer» D. Will be more efficient at producing financial statements.
discuss
102.

Which of the following file is usually used as a master file?

A. Inventory subsidiary
B. Cash disbursements.
C. Cash receipts.
D. Payroll tr
Answer» A. Inventory subsidiary
discuss
103.

How can data be imported in tally ?

A. One company to another company created within Tally Package
B. Other programs - a spreadsheet or a database file.
C. Depends on number of companies
D. Both A and B
Answer» D. Both A and B
discuss
Chapter: Unit 4
104.

------------------ gives the balance for each day for the voucher type has been selected.

A. Trial Balance
B. Daybook
C. Balance Sheet
D. None of the above
Answer» B. Daybook
discuss
105.

For 'stock journal' entry we press ______________ in tally

A. F7
B. Alt + F7
C. F1
D. F11
Answer» B. Alt + F7
discuss
106.

Which option lists inventory valuation method in tally?

A. Stock report
B. Stock journal
C. Stock analysis
D. Stock summary
Answer» D. Stock summary
discuss
107.

How to activate the tally audit feature in a company?

A. Press F11 key
B. During the creation of a company
C. In -comp info -> security control-option
D. Press F12 key
Answer» B. During the creation of a company
discuss
108.

What is the predefined number of groups in tally?

A. 16
B. 28
C. 128
D. 228
Answer» B. 28
discuss
109.

Which of the following is used for voucher entry?

A. Ledger Account
B. Groups
C. Sub-Groups
D. Depends on number of companies
Answer» A. Ledger Account
discuss
110.

Which of the following user type can view audit list?

A. Tally Vault
B. Owner
C. Data Entry
D. Administrator
Answer» D. Administrator
discuss
111.

How can data be imported in tally?

A. One company to another company created within Tally Package
B. Other programs - a spreadsheet or a database file.
C. Depends on number of companies
D. Both A and B
Answer» D. Both A and B
discuss
112.

Which of the following can be budgeted in tally?

A. Net Transactions
B. Closing Balance
C. Closing Balance
D. A and B
Answer» D. A and B
discuss
113.

Which file in tally is used to record the import activity?

A. Tally.dat
B. Tally.ini
C. Tally. Imp
D. None of the above
Answer» A. Tally.dat
discuss
114.

Which of the following is compulsory to create while entry in Accounts with Inventory?

A. Stock Groups
B. Stock Items
C. Units of Measure
D. All of these
Answer» C. Units of Measure
discuss
115.

‘Inventory books’ is used to view

A. Stock Items
B. Group Summary
C. Both A and B above
D. None of these
Answer» B. Group Summary
discuss
116.

The rate of trade discount varies with the ----------- purchased

A. Total asset
B. Current asset
C. Quantity
D. None of these
Answer» D. None of these
discuss
117.

A ‘credit note’ is sent by------------- to ----------------

A. Seller, buyer
B. Buyer, seller
C. Customer, seller
D. Creditor, seller
Answer» C. Customer, seller
discuss
118.

A ‘Debit note’ is a statement sent to the ------------- by the ----------------

A. Seller, buyer
B. Buyer, seller
C. Customer, seller
D. Creditor, seller
Answer» C. Customer, seller
discuss
119.

for reconciliation of Bank press

A. F12
B. F10
C. F5
D. F6
Answer» C. F5
discuss
120.

We can cancel a voucher using

A. Alt + X
B. Ctrl + X
C. Shift + X
D. Ctrl + Shift + X
Answer» A. Alt + X
discuss
121.

Discount Column is available in

A. Sales Invoice
B. Purchase Invoice
C. Both (a) and (b)
D. None of these
Answer» C. Both (a) and (b)
discuss
122.

We can use Stock Journal for

A. Production and Consumption
B. Inter Godown transfer for stock
C. Both (a) and (b)
D. None of these
Answer» C. Both (a) and (b)
discuss
123.

“Allow components list details (Bill of Materials)” option is activated for

A. Ledgers
B. Cost Category
C. Stock Items
D. Budgets
Answer» C. Stock Items
discuss
124.

How can we see Vat Reports?

A. Gateway of Tally > Display
B. Gateway of Tally > Vat Reports
C. Gateway of Tally > Display > Statutory Info
D. Gateway of Tally > Display> Statutory Reports
Answer» D. Gateway of Tally > Display> Statutory Reports
discuss
125.

By default, which mode is on in Purchase and Sales voucher?

A. Norma Mode
B. Item Invoice Mode
C. Particulars Mode
D. None of these
Answer» B. Item Invoice Mode
discuss
126.

'Tally vault' is a _________________

A. Security mechanism
B. Ledger a/c
C. Cost category
D. None of the above
Answer» A. Security mechanism
discuss
127.

To declare a voucher as Post Dated press

A. Ctrl + T
B. Alt + T
C. Ctrl + P
D. Ctrl + D
Answer» A. Ctrl + T
discuss
128.

We can get the report of Interest from

A. Account Books
B. Cash and Fund flow
C. Inventory Books
D. Statements of Accounts
Answer» D. Statements of Accounts
discuss

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