MCQ Quiz on Software used in accounting

 MCQ Quiz on Software used in accounting

MCQ Quiz on Software used in accounting

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    This quiz consist 40 MCQ. 

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This MCQ Quiz on Software used in accounting is based on following questions. 

Important Note:-👇

"To know the answers to the below questions, you need to solve the following quiz. It has the answers to all the questions"

1) The most common method of recording financial transaction is…………
a) Computerized
b) Manual
c) Automated
d) Software based system

2) The computerized accounting system is capable of handling------------- of
transactions.
a) Few
b) Large number
c) Specific number
d) None of the above

3) ---------is specifically designed software which facilitates recording of
transactions for small business concerns.
a) SAP
b) Customized Software
c) Tally
d) ERP

4) ERP means……………
a) Enterprise Resource Planning
b) Enterprise Revenue Plan
c) Earning Resource Planning
d) Estimated Resource Plan

5) A----------------software is called specific requirement based software.
a) Pre-packaged
b) Customized
c) Accounting ERP’s
d) None of the above

6) In ----------------------presentation of information can be done through graphical
analysis like bar diagram, histogram, pie charts etc.
a) ERP’s
b) Customized software
c) Spread sheet package
d) None of the above

7) An Enterprise resource planning software is a type of -----------------that manages
all functional areas of business.
a) Integrated software package
b) Specialized accounting software package
c) Pre-packaged software
d) None of the above

8) ----------------- allows to create different type of vouchers for recording
transaction which can be classifies as per requirement.
a) Tally ERP 9
b) SAP
c) Oracle
d) None of the above

9) In Tally ERP ---------------key is for purchase voucher.
a) F8
b) F9
c) F6
d) None of the above

10) To create sales invoice in Tally ERP 9 ----------------- features should be set as
allow.
a) Inventory Features
b) Stock group
c) Delivery Notes
d) None of the above

11) Which of the following voucher is used for recording cash and bank
transaction?
a) Contra
b) Payment
c) Receipt
d) None of the above

12) In Tally ERP 9 for recording Sales Return transaction --------------is passed.
a) Debit Note
b) Credit Note
c) Journal Voucher
d) None of the above

13) ------------- is a summary of all balances of ledger accounts to confirm whether all
balances are correct or not.
a) Trial Balance
b) Balance Sheet
c) Profit and Loss Account.
d) None of the above

14) Salary paid to office staff can be categorised under ----------------group.
a) Direct Expenses
b) Indirect Expenses
c) Administration Expenses
d) None of the above

15) Cash Purchases should be recorded in --------------------voucher.
a) Payment
b) Contra
c) Purchase
d) None of the above

16) Recording of transaction in relevant group, no specific procedure required to
produce --------------in Tally ERP 9.
a) Cash flow statement
b) Bank reconciliation statement
c) Profit and Loss Account
d) None of the above

17) In Tally ERP 9 debit note is passed for --------------transaction.
a) Sales Return
b) Purchase Return
c) Purchases
d) None of the above

18) In Tally ERP ------------ is updated immediately after every transaction recorded
in the books.
a) Fund flow Statement
b) Balance sheet
c) Working Capital Statement
d) None of the above

19) --------------- Type of software is suitable for business which runs on small scale.
a) Customized
b) Pre-packaged
c) accounting package
d) None of the above

20) Function key for receipt voucher is --------------
a) F6
b) F4
c) F5
d) None of the above

21) Function key for changing date --------------
a) F2
b) Alt+F2
c) Alt+F3
d) None of the above

22) Function key for creation of Company is --------------
a) Alt+F3
b) F3
c) F5
d) None of the above

23) Path for change or edit information of existed company-----------------
a) Press F3 select create option
b) Press Alt+ F3 select Alter option
c) Press Alt+ F3 select company option
d) None of the above

24) --------------key is used to exit from tally software.
a) Enter
b) Escape
c) Control
d) None of the above

25) --------------- is used to keep the database in encrypted format.
a) Tally Lock
b) Data directory
c) Tally Vault
d) None of the above

26) Accounting Software is a ......... application
a) Fundamental
b) Integral
c) External
d) None of the above

27) While in ledger creation in tally interest received account is created under--------
- group.
a) Indirect Income
b) Direct Income
c) Indirect Expenses
d) None of the above

28) Which of the following key is used to change current date from gateway of tally?
a) F1
b) F3
c) F2
d) None of the above

29) Commission Paid is considered as -----------------expenses.
a) Direct Expenses
b) Fixed Expenses
c) Indirect Expenses
d) None of the above

30) Assets which are hold by business for longer period of time are grouped under --
---------group.
a) Current Assets
b) Fixed Assets
c) Fictitious Assets
d) None of the above

31) Which of the following shortcut key is used for creation of ledger?
a) Alt+C
b) Alt+B
c) Alt+I
d) None of the above

32) -------------- Key is for opening company’s features option.
a) F10
b) F11
c) F12
d) None of the above

33) -------------- Key is for selecting particular company.
a) Alt+F2
b) F1
c) Ctrl+F2
d) None of the above

34) Which of the following account is provided by default in tally?
a) Purchase Account
b) Sales Account
c) Cash Account
d) None of the above

35) Which of the following is/are benefit of computerised accounting?
a) Fast Process
b) Minimisation of errors
c) Easy report generation
d) All of the above

36) Short cut for taking backup from tally is --------
a) Alt+Tab
b) Shift+Tab
c) Ctrl+Tab
d) None of the above

37) ------------option is used to close company in tally.
a) Create Company
b) Alter Company
c) Shut Company
d) None of the above

38) ------------option is used to edit the recorded information of a company in tally.
a) Create Company
b) Alter Company
c) Shut Company
d) None of the above

39) Which of the following is submenu in gateway of tally to create ledger, vouchers
and group?
a) Account info
b) Inventory Vouchers
c) Inventory mode
d) None of the above

40) Trough -----------------voucher all income items are recorded in Tally.
a) Payment
b) Contra
c) Receipt
d) None of the above

Important Note:-👇

"To know the answers to the above questions, you need to solve the following quiz. It has the answers to all the questions"




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