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MCQs

Total Questions : 250 | Page 14 of 25 pages
Question 131. A ________ serves the purpose of both journal and ledger accounts
  1.    Journal proper
  2.    Purchase day book
  3.    Cash book
  4.    Any of the above
 Discuss Question
Answer: Option C. -> Cash book
Question 132. Trial balance is prepared on ________ basis
  1.    Monthly
  2.    Annually
  3.    Half yearly
  4.    Any of the above
 Discuss Question
Answer: Option D. -> Any of the above
Question 133. The rate of trade discount varies with the ________ purchased
  1.    Total asset
  2.    Current asset
  3.    Quantity
  4.    None of these
 Discuss Question
Answer: Option C. -> Quantity
Question 134. A 'credit note' is sent by ________ to ________
  1.    Seller, buyer
  2.    Buyer, seller
  3.    Customer, seller
  4.    Creditor, seller
 Discuss Question
Answer: Option A. -> Seller, buyer
Question 135. A trial balance is a ________
  1.    Ledger
  2.    Journal
  3.    Account
  4.    List
 Discuss Question
Answer: Option D. -> List
Question 136. Sales return are recorded in ________ Voucher
  1.    Sales voucher
  2.    Debit note
  3.    Receipt
  4.    Credit note
 Discuss Question
Answer: Option D. -> Credit note
Question 137. ERP stands for
  1.    Enterprise resource planning
  2.    Economic resource planning
  3.    Efficient resource planning
  4.    Economic resource processing
 Discuss Question
Answer: Option A. -> Enterprise resource planning
Question 138. The home screen of tally is also known as
  1.    Menu bar
  2.    Gateway of tally
  3.    Accounts info
  4.    Button tool bar
 Discuss Question
Answer: Option B. -> Gateway of tally
Question 139. Full form of ODBC
  1.    Open database connectivity
  2.    Open database calculating
  3.    Open document basically
  4.    Order data base connection
 Discuss Question
Answer: Option A. -> Open database connectivity
Question 140. The option 'statutory compliance for' is appearing in
  1.    Company creation screen
  2.    GST classification screen
  3.    F11 Statutory & Taxation features
  4.    Account creation screen
 Discuss Question
Answer: Option A. -> Company creation screen

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