1.
|
1) All expenses and losses always having..?
|
A.
|
Credit balance
|
B.
|
Debit balance
|
C.
|
Exact difference balance
|
D.
|
Balance entered in voucher
|
2.
|
2) Tracking number is used in
_____________transaction
|
A.
|
Bank
|
B.
|
Cash
|
C.
|
All
|
D.
|
Stock item
|
3.
|
3) ____________ is the function key for changing date
|
A.
|
F1
|
B.
|
F2
|
C.
|
F3
|
D.
|
F4
|
4.
|
4) Balance sheet display...
|
A.
|
Entire summary of the all ledger
accounts
|
B.
|
Balances of all individual account
|
C.
|
Bank and cash Balances
|
D.
|
Exact financial position of the
business on specific date
|
5.
|
5) Tally is...
|
A.
|
Package, which maintains accounts
only
|
B.
|
Which maintains accounts with
inventory records
|
C.
|
Which display the detail report trial
balance, balance sheet etc
|
D.
|
All are correct
|
6.
|
6) Which of the following is not a account type
|
A.
|
Personal Accounts
|
B.
|
Real Accounts
|
C.
|
Occasional account
|
D.
|
Nominal account
|
7.
|
7) Term loans & other medium /long _term loans comes
under __________Group
|
A.
|
Unsecured Loan
|
B.
|
Secured Loan
|
C.
|
Loans & Advances
|
D.
|
Current liability
|
8.
|
8) ____________is beginning date of financial year
|
A.
|
1st January
|
B.
|
1st February
|
C.
|
1st March
|
D.
|
1st April
|
9.
|
9) Manufacturing expenses comes under___________ Group
|
A.
|
Expenses (Indirect)
|
B.
|
Miss Expenses
|
C.
|
Direct Expenses
|
D.
|
None
|
10.
|
10) Which financial statement can be made from Trial
balance
|
A.
|
Ledger
|
B.
|
Purchases
|
C.
|
Sales
|
D.
|
Balance sheet
|
11.
|
11) In case of personal accounts the receiver is
|
A.
|
Debit
|
B.
|
Credit
|
C.
|
Both
|
D.
|
Balance entered in voucher
|
12.
|
12) Which of the following information is must to create a
company
|
A.
|
Name of the company & Financial
year
|
B.
|
Name of the company & Income Tax
No
|
C.
|
Name of the company & Sales Tax
No
|
D.
|
All Above
|
13.
|
13) Journal book is used to
|
A.
|
Records all the entries
|
B.
|
To records all the non-cash
transactions only
|
C.
|
Entries regarding general
transactions
|
D.
|
All sale and purchase records
|
14.
|
14) _____________is a Reserved group which goes to
liabilities
|
A.
|
Capital A/C
|
B.
|
Fixed Asset
|
C.
|
Investment
|
D.
|
Sundry debtors
|
15.
|
15) Alias is ____________
|
A.
|
To change group name
|
B.
|
Simple mechanism to call an account
by another name
|
C.
|
Type of Group
|
D.
|
Type of Ledger
|
16.
|
16) Rates & Taxes comes under ____________
Groups
|
A.
|
Duties &Taxes
|
B.
|
Income
|
C.
|
Expenditure
|
D.
|
None
|
17.
|
17) Sales purchase A/C groups are reflected in
_____________
|
A.
|
Profit & loss A/C
|
B.
|
Balance sheet
|
C.
|
Journal Register
|
D.
|
None if the above
|
18.
|
18) Limit on single payments is available
for_______________
|
A.
|
Only Groups
|
B.
|
Only ledger Accounts
|
C.
|
Group& Ledger
|
D.
|
None of the above
|
19.
|
19) System of traversing form Balance sheet to
voucher permitting to view al the
|
A.
|
Special situation
|
B.
|
Tracking
|
C.
|
Audit trail
|
D.
|
None of the above
|
20.
|
20) In tally 5.4 _____________ option is available
for maintaining Accounts
|
A.
|
Account only
|
B.
|
Accts-with-Inv
|
C.
|
Inventory only
|
D.
|
All are correct
|
21.
|
21) Trial Balance contains ___________ balance of all
accounts
|
A.
|
Opening
|
B.
|
Closing
|
C.
|
Only credit
|
D.
|
None
|
22.
|
22) Under Group _______________ can be created
|
A.
|
Vouchers
|
B.
|
Date
|
C.
|
Multiple Ledgers
|
D.
|
All above
|
23.
|
23) Reports come under exception reports
|
A.
|
Memorandum Vouchers
|
B.
|
Negative stock
|
C.
|
Optional Vouchers
|
D.
|
All above
|
24.
|
24) Closing stock appears in _______________
|
A.
|
Balance Sheet
|
B.
|
Trial Balance
|
C.
|
Profit & loss A/C
|
D.
|
None of the above
|
25.
|
25) Cash in hand & bank A./C balance helps
for______________
|
A.
|
Inventory control
|
B.
|
Payment Decision
|
C.
|
Sales performance
|
D.
|
None
|
26.
|
26) Tally give the facility to fine tune our control of
Budgets over ledger accounts,
|
A.
|
This statement is true
|
B.
|
Tally does not give the facility to
fine tune our control if Budgets
|
C.
|
Tally gives the facility to fine tune
our control of Budgets over only cost Centers
|
D.
|
Tally gives the facility to fine tune
our control of budgets over group of Accounts
|
27.
|
27) Changes carried out in F12 are ______________
|
A.
|
Global & will be effective for
all working companies
|
B.
|
Not Global will not be effective for
all working companies
|
C.
|
Affected to that particular company
only
|
D.
|
None of the above
|
28.
|
28) Tally provides option to post stock value from
Inventory directly to balance sheet
|
A.
|
Non Integrated Accounts
|
B.
|
Integrated Accounts & Inventory
|
C.
|
Comprehensive Accounting
|
D.
|
Multiple Accounting
|
29.
|
29) Restoration of data is ____________
|
A.
|
Re-entering the data
|
B.
|
Process of getting back the earlier
data in Hard disk
|
C.
|
Process of keeping a copy of the data
in another place
|
D.
|
All above
|
30.
|
30) _________Can not be printed in a Quick Format
|
A.
|
Trial Balance
|
B.
|
Balance Sheet
|
C.
|
Cheque
|
D.
|
Ledger
|
31.
|
31) _________key is used to view next level details of
the item on the same screen.
|
A.
|
Ctrl + Enter
|
B.
|
Shift + Enter
|
C.
|
Shift + R
|
D.
|
Ctrl + S
|
32.
|
32) _________Vouchers is a pure inventory voucher
|
A.
|
Delivery Note
|
B.
|
Cash Paid Creditor
|
C.
|
Material rejection entry
|
D.
|
Expenses
|
33.
|
33) Inventory Managment comprises of _________
|
A.
|
Delivery In
|
B.
|
Delivery Out
|
C.
|
Inventory control
|
D.
|
All of above
|
34.
|
Contra entry is used for ___________
|
A.
|
Transaction involves Cash and Bank
|
B.
|
Transactions related to Purchase
|
C.
|
Salaries paid to the employees
|
D.
|
Contracting expenses only
|
35.
|
35) Optional Voucher is____________
|
A.
|
Voucher Type is emergency
|
B.
|
Voucher Type
|
C.
|
Temporary Voucher which does not
update any figure any where
|
D.
|
Voucher which update figures
|
36.
|
36) Memorandum Voucher is used to
|
A.
|
Enter entry having multiple account
effect
|
B.
|
For entries regarding bank overdraft
|
C.
|
Remind entry which may have effect in
future
|
D.
|
None of these
|
37.
|
37) Which of the following is not a voucher type
____________
|
A.
|
Contra
|
B.
|
Payment
|
C.
|
Capital
|
D.
|
Receipt
|
38.
|
38) In case of personal Accounts Credit effect goes with
|
A.
|
Sometimes to giver & sometimes to
taker
|
B.
|
Bank Account
|
C.
|
The Receiver
|
D.
|
The Giver
|
39.
|
39) In each & every entry Debit & Credit balance
must be equal
|
A.
|
Not necessary in Contra entry
|
B.
|
Above statement is true
|
C.
|
This is applicable in payment type
entries only
|
D.
|
None of the above
|
40.
|
40) Which of the following account groups can be
classified as a Nominal accounts
|
A.
|
Accounts of Buyer, Suppliers, Owners,
Lenders etc
|
B.
|
Accounts of fixed and current assets
such as Cash, Building, Plant and Machinery, vehicles etc
|
C.
|
Accounts relating to expenses and
Income such as sales, purchases Discount Allowed,
|
D.
|
All types of Bank, Stock and Cash
account
|
41.
|
41) Duties & Taxes is considered as
___________________ in accounting groups.
|
A.
|
Current liabilities
|
B.
|
Current assets
|
C.
|
Fixed assets
|
D.
|
Taxes
|
42.
|
42) In balance sheet the shortcut key to activate the
value is _________________
|
A.
|
F7
|
B.
|
B
|
C.
|
F6
|
D.
|
A
|
43.
|
43) The supplier of the company belongs to
___________________ group in accounting
|
A.
|
Supplier
|
B.
|
Sundery debtor
|
C.
|
Sundry creditor
|
D.
|
Sundry Customer
|
44.
|
44) VAT stands for
|
A.
|
Value Added Tax
|
B.
|
Valuable At Tax
|
C.
|
Value Added Tally
|
D.
|
VAT Stands TAX
|
45.
|
45) ______________________ is the short key to change
period in tally
|
A.
|
Ctrl + F2
|
B.
|
Alt + F2
|
C.
|
Alt + F1
|
D.
|
F2
|
46.
|
46) Fax machine is a ____________ asset.
|
A.
|
Fixed
|
B.
|
Direct
|
C.
|
Current
|
D.
|
None
|
47.
|
47) Use Alt + F8 for________________
|
A.
|
Stock journal
|
B.
|
Goods out
|
C.
|
Goods In
|
D.
|
None
|
48.
|
48) Tally is---------------Software
|
A.
|
Computerize Accounting
|
B.
|
Manual Accounting
|
C.
|
Operating System
|
D.
|
Language
|
49.
|
49) Alias is _____________
|
A.
|
To change group name
|
B.
|
Simple mechanism to call an account
by another name
|
C.
|
Type of group
|
D.
|
Type of ledger
|
50.
|
50) TDS deduction ____________________ key used
|
A.
|
ALT + T
|
B.
|
ALT + S
|
C.
|
ALT + Q
|
D.
|
ALT + G
For Answer sheet please mail :
info@hitechbhopal.com hitechgroupbhopal@gmail.com or Visit : www.hitechbhopal.com |
