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MCQs

Total Questions : 250 | Page 16 of 25 pages
Question 151. Integrated accounts with inventory is available in
  1.    F12 configuration
  2.    F11 features
  3.    Inventory info
  4.    Accounts info
 Discuss Question
Answer: Option B. -> F11 features
Question 152. The options 'use common narration' and 'narration each entry' appear
  1.    Account creation screen
  2.    Voucher entry screen
  3.    F11 Accounting features
  4.    Voucher type creation screen
 Discuss Question
Answer: Option D. -> Voucher type creation screen
Question 153. Predefined groups are also called as
  1.    Main group
  2.    Primary group
  3.    Statutory group
  4.    Parent group
 Discuss Question
Answer: Option C. -> Statutory group
Question 154. Collection of ledgers of same nature is called
  1.    Vouchers
  2.    Asset
  3.    Group
  4.    None of these
 Discuss Question
Answer: Option C. -> Group
Question 155. Which of the following is not a disadvantage of introducing computerized accounting system
  1.    Possible demotivation through reundance
  2.    High expenditure on set up
  3.    Saving made on labour cost
  4.    Required staff training
 Discuss Question
Answer: Option C. -> Saving made on labour cost
Question 156. Transfer from main cash to petty cash you require to pass ________
  1.    Voucher
  2.    Payment
  3.    Contra
  4.    Receipt
 Discuss Question
Answer: Option C. -> Contra
Question 157. Income tax number of the company will appear in which report
  1.    Cash/bank book
  2.    Profit and loss a/c
  3.    Reminder letter
  4.    None of these
 Discuss Question
Answer: Option D. -> None of these
Question 158. Patent account falls under
  1.    Investments
  2.    Liabilities
  3.    Current assets
  4.    None of these
 Discuss Question
Answer: Option D. -> None of these
Question 159. Drawings account is to be created by linking with
  1.    Capital
  2.    Current asset
  3.    Current liability
  4.    Drawings
 Discuss Question
Answer: Option A. -> Capital
Question 160. Transactions are firstly entered in:
  1.    Journal
  2.    Ledger
  3.    Trial balance
  4.    None of these
 Discuss Question
Answer: Option A. -> Journal

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