McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Diploma in Computerized Accounting .
| 1. |
The short key for company creation is ……………… |
| A. | Ctrl+f2 |
| B. | alt+f2 |
| C. | alt+f3 |
| D. | ctrl+f3 |
| Answer» C. alt+f3 | |
| 2. |
F10 is the short key for ……………….. Voucher |
| A. | Payment |
| B. | Memo |
| C. | Receipt |
| D. | Purchase |
| Answer» B. Memo | |
| 3. |
Sales return are recorded in ………………. Voucher |
| A. | Sales voucher |
| B. | Debit note |
| C. | Receipt |
| D. | Credit note |
| Answer» D. Credit note | |
| 4. |
Erp stands for |
| A. | Enterprise resource planning |
| B. | Economic resource planning |
| C. | Efficient resource planning |
| D. | Economic resource processing |
| Answer» A. Enterprise resource planning | |
| 5. |
The home screen of tally is also known as |
| A. | Menu bar |
| B. | Gate way of tally |
| C. | Accounts info |
| D. | Button tool bar |
| Answer» B. Gate way of tally | |
| 6. |
Calculator area can be activated using |
| A. | Alt +f2 |
| B. | ctrl + m |
| C. | Ctrl +n |
| D. | alt+ m |
| Answer» C. Ctrl +n | |
| 7. |
Full form of odbc |
| A. | Open data base connectivity |
| B. | Open data base calculating |
| C. | Open document basically |
| D. | Order data base connection |
| Answer» A. Open data base connectivity | |
| 8. |
The option ‘statutory compliance for’ is appearing in |
| A. | Company creation screen |
| B. | vat classification screen |
| C. | F11 accounting features |
| D. | account creation screen |
| Answer» A. Company creation screen | |
| 9. |
Changes in accounts are possible only in |
| A. | Display mode |
| B. | Alteration mode |
| C. | Single mode |
| D. | multiple mode |
| Answer» B. Alteration mode | |
| 10. |
Reserve group accounts in tally is |
| A. | 28 |
| B. | 30 |
| C. | 18 |
| D. | 15 |
| Answer» A. 28 | |
| 11. |
An account that the user need not create is |
| A. | Cash at bank |
| B. | Sundry creditors |
| C. | Cash in hand |
| D. | Balance sheet |
| Answer» C. Cash in hand | |
| 12. |
The voucher type for recording goods received |
| A. | Rejection in |
| B. | Receipt note |
| C. | Purchase order |
| D. | Stock voucher |
| Answer» B. Receipt note | |
| 13. |
TDS stands for |
| A. | Tax deducted at source |
| B. | taxation decision summary |
| C. | Tax decision service |
| D. | Taxation declaration service |
| Answer» A. Tax deducted at source | |
| 14. |
Employee salary details are shown in |
| A. | Attendance sheet |
| B. | Gratuity papers |
| C. | Exact reports |
| D. | Pay roll |
| Answer» D. Pay roll | |
| 15. |
Salary comes under ……………. Head |
| A. | Direct expense |
| B. | current liability |
| C. | Indirect expense |
| D. | Current asset. |
| Answer» C. Indirect expense | |
| 16. |
Vouchers can be displayed in |
| A. | Accounts info |
| B. | Day book |
| C. | inventory info |
| D. | Ledger |
| Answer» B. Day book | |
| 17. |
Professionals usually maintain accounts as |
| A. | Accounts with inventory |
| B. | accounts only |
| C. | Normal accounting |
| D. | payroll accounting |
| Answer» B. accounts only | |
| 18. |
A company can be deleted only in |
| A. | Display |
| B. | alter |
| C. | delete |
| D. | Create |
| Answer» B. alter | |
| 19. |
Company features in tally includes |
| A. | Accounting features |
| B. | Inventory features |
| C. | Statutory features |
| D. | all of the above. |
| Answer» D. all of the above. | |
| 20. |
The short key for changing period in tally is |
| A. | Alt+f3 |
| B. | alt+f2 |
| C. | ctrl+f1 |
| D. | Ctrl+f2 |
| Answer» B. alt+f2 | |
| 21. |
Integrated accounts with inventory is available in |
| A. | F12 configuration |
| B. | f11 features |
| C. | inventory info |
| D. | accounts info |
| Answer» B. f11 features | |
| 22. |
Collection of ledgers of same nature is called |
| A. | Vouchers |
| B. | asset |
| C. | Group |
| D. | None of these |
| Answer» C. Group | |
| 23. |
Drawings accounts is to be created by linking with |
| A. | Capital account |
| B. | Current account |
| C. | Current liability |
| D. | Drawings |
| Answer» A. Capital account | |
| 24. |
The options ‘ use common narration’ and ‘ narration each entry’ appear |
| A. | Account creation screen |
| B. | Voucher entry screen |
| C. | F11 accounting features |
| D. | Voucher type creation screen |
| Answer» C. F11 accounting features | |
| 25. |
Predefined groups are also called as |
| A. | Main group |
| B. | Primary group |
| C. | Statutory group |
| D. | Parent group |
| Answer» C. Statutory group | |
| 26. |
Which of the following is not a disadvantage of introducing computerized accounting system |
| A. | Possible demotivation through reundance |
| B. | High expenditure on set up |
| C. | Saving made on labour cost |
| D. | Required staff training |
| Answer» C. Saving made on labour cost | |
| 27. |
Tally package is developed by |
| A. | Peutronics |
| B. | Tally solutions |
| C. | Coral software |
| D. | Vedika software |
| Answer» B. Tally solutions | |
| 28. |
We can change the company information from |
| A. | Company info → back up |
| B. | company info → alter |
| C. | Company info → split company data |
| D. | none |
| Answer» B. company info → alter | |
| 29. |
How many inbuilt account groups are in tally by default |
| A. | 29 |
| B. | 31 |
| C. | 25 |
| D. | 34 |
| Answer» A. 29 | |
| 30. |
The short cut used to activate calculator is |
| A. | Ctrl + n |
| B. | Ctrl + m |
| C. | Ctrl + a |
| D. | Ctrl + b |
| Answer» A. Ctrl + n | |
| 31. |
Budget represents …………………… |
| A. | Estimation |
| B. | Forecasting |
| C. | Assumption |
| D. | All of these |
| Answer» D. All of these | |
| 32. |
To see any report in detailed way, press |
| A. | Alt+f2 |
| B. | F2 |
| C. | Alt + c |
| D. | Alt+f1 |
| Answer» D. Alt+f1 | |
| 33. |
Service tax report can be seen from |
| A. | Display > day book |
| B. | Display > account books |
| C. | Display > statutory masters |
| D. | Display > statutory reports |
| Answer» C. Display > statutory masters | |
| 34. |
Transfer from main cash to petty cash you require to pass ……………… |
| A. | Voucher. |
| B. | Payment |
| C. | Contra |
| D. | Receipt |
| Answer» C. Contra | |
| 35. |
If the financial year from is 1st april 2005 and the books beginning from is 1stjanuary 2006 then what will be the closing date? |
| A. | 31st Dec 2006 |
| B. | 31st march 2006 |
| C. | 31st December 2005 |
| D. | None of these |
| Answer» B. 31st march 2006 | |
| 36. |
Income tax number of the company will appear in which report? |
| A. | Cash/bank book |
| B. | Profit and loss a/c |
| C. | Reminder letter |
| D. | None of these |
| Answer» D. None of these | |
| 37. |
Patent account falls under |
| A. | Investments |
| B. | Liabilities |
| C. | Current assets |
| D. | None of these |
| Answer» D. None of these | |
| 38. |
Find out which is not a default ledger in tally. |
| A. | Cash in hand |
| B. | Capital account |
| C. | Profit & loss |
| D. | None of these |
| Answer» B. Capital account | |
| 39. |
Multiple godowns are activated from |
| A. | F11 |
| B. | F11 > f1 |
| C. | F11 > f2 |
| D. | F11 > f3 |
| Answer» B. F11 > f1 | |
| 40. |
“allow components list details (bill of materials)” option is activated for |
| A. | Ledgers |
| B. | Cost category |
| C. | Stock items |
| D. | Budgets |
| Answer» B. Cost category | |
| 41. |
What is MRP? |
| A. | Market price |
| B. | Maximum retail price |
| C. | Marginal price |
| D. | Minimum retail price |
| Answer» B. Maximum retail price | |
| 42. |
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) | |
| 43. |
We can cancel a voucher using |
| A. | Alt + x |
| B. | Ctrl + x |
| C. | Shift + x |
| D. | Ctrl + shift + x |
| Answer» A. Alt + x | |
| 44. |
To create purchase order press |
| A. | Alt + f4 |
| B. | Ctrl + f4 |
| C. | F4 |
| D. | None of these |
| Answer» D. None of these | |
| 45. |
Single entry mode is applicable for |
| A. | Receipt voucher |
| B. | Contra voucher |
| C. | Payment voucher |
| D. | All of these |
| Answer» D. All of these | |
| 46. |
To use dr/cr instead of to/by during voucher entry or vice versa, press |
| A. | F10 |
| B. | F12 |
| C. | F11 |
| D. | None of these |
| Answer» C. F11 | |
| 47. |
What is tan? |
| A. | Tax account number |
| B. | Tax assessment number |
| C. | Tax assignment number |
| D. | None of these |
| Answer» A. Tax account number | |
| 48. |
Drawings account is to be created by linking with |
| A. | Capital |
| B. | Current asset |
| C. | Current liability |
| D. | Drawings |
| Answer» A. Capital | |
| 49. |
Which of the following is related with payment of cash |
| A. | Tcs |
| B. | Tds |
| C. | Fbt |
| D. | Vat |
| Answer» B. Tds | |
| 50. |
The options ‘use common narration’ and ‘narration for each entry’ appears in |
| A. | Account creation screen |
| B. | Voucher entry screen |
| C. | F11 accounting features |
| D. | Voucher type creation screen |
| Answer» B. Voucher entry screen | |
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