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MCQs

Total Questions : 250 | Page 3 of 25 pages
Question 21. The branch of accounting which analyses and interprets the overall data is ________
  1.    Financial accounting
  2.    Cost accounting
  3.    Management accounting
  4.    None of these
 Discuss Question
Answer: Option C. -> Management accounting
Question 22. To activate cost centre and cost category feature we have to select
  1.    Configuration
  2.    F11 features
  3.    Group creation
  4.    Voucher creation
 Discuss Question
Answer: Option B. -> F11 features
Question 23. The left hand side of tally screen shows
  1.    Current date
  2.    Last entered voucher
  3.    Gate way of tally
  4.    List of selected companies
 Discuss Question
Answer: Option D. -> List of selected companies
Question 24. Credit note is used for entering
  1.    Purchases
  2.    Sales
  3.    Purchase return
  4.    Sales return
 Discuss Question
Answer: Option D. -> Sales return
Question 25. Debit note is used for entering
  1.    Purchases
  2.    Sales
  3.    Purchase return
  4.    Sales return
 Discuss Question
Answer: Option C. -> Purchase return
Question 26. For entries involving both cash and bank transactions we use ________ voucher
  1.    Contra voucher
  2.    Journal
  3.    Sales
  4.    Purchase
 Discuss Question
Answer: Option A. -> Contra voucher
Question 27. ________ button helps to connect data from spread sheet or other application
  1.    E-mail
  2.    Help
  3.    Export
  4.    Browser
 Discuss Question
Answer: Option C. -> Export
Question 28. Bottom of tally screen shows
  1.    Button bar
  2.    List of vouchers
  3.    List of companies
  4.    Calculator
 Discuss Question
Answer: Option D. -> Calculator
Question 29. For entries not involving either cash or bank transactions we use ________ voucher
  1.    Contra voucher
  2.    Journal
  3.    Sales
  4.    Purchase
 Discuss Question
Answer: Option B. -> Journal
Question 30. Loans from individual comes under ________ group
  1.    Fixed liabilities
  2.    Loans and advances
  3.    Current liabilities
  4.    Capital
 Discuss Question
Answer: Option B. -> Loans and advances

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