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MCQs

Total Questions : 250 | Page 13 of 25 pages
Question 121. What is the advantage of a computer-based transaction processing system
  1.    Does not require as stringent a set of internal controls
  2.    Will produce a more accurate set of financial statements
  3.    Eliminates the need to reconcile control accounts and subsidiary ledgers
  4.    Will be more efficient at producing financial statements
 Discuss Question
Answer: Option D. -> Will be more efficient at producing financial statements
Question 122. How can data be imported in tally
  1.    One company to another company created within Tally Package
  2.    Other programs - a spreadsheet or a database file
  3.    Depends on number of companies
  4.    Both A and B
 Discuss Question
Answer: Option D. -> Both A and B
Question 123. Which of the following file is usually used as a master file
  1.    Inventory subsidiary
  2.    Cash disbursements
  3.    Cash receipts
  4.    Payroll transactions
 Discuss Question
Answer: Option A. -> Inventory subsidiary
Question 124. Which of the following can be budgeted in tally
  1.    Nett Transactions
  2.    Closing Balance
  3.    Both A and B
  4.    None of the above
 Discuss Question
Answer: Option C. -> Both A and B
Question 125. Which of the following shows daily balance for a selected voucher type
  1.    Day book
  2.    Trial Balance
  3.    Balance Sheet
  4.    None of the above
 Discuss Question
Answer: Option A. -> Day book
Question 126. Which of the following is the predefined stock category in tally
  1.    Primary
  2.    Symbol
  3.    Stock
  4.    Main location
 Discuss Question
Answer: Option A. -> Primary
Question 127. How many types of users are present in tally
  1.    1
  2.    2
  3.    3
  4.    4
 Discuss Question
Answer: Option C. -> 3
Question 128. Which file in tally is used to record the import activity
  1.    Tally.dat
  2.    Tally.ini
  3.    Tally.imp
  4.    None of the above
 Discuss Question
Answer: Option B. -> Tally.ini
Question 129. Which of the following is compulsory to create while entry in Accounts with Inventory
  1.    Stock Groups
  2.    Stock Items
  3.    Units of Measure
  4.    All of these
 Discuss Question
Answer: Option D. -> All of these
Question 130. 'Inventory books' is used to view
  1.    Stock Items
  2.    Group Summary
  3.    Both A and B above
  4.    None of these
 Discuss Question
Answer: Option C. -> Both A and B above

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