MCQOPTIONS
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MCQOPTIONS
This section includes 2995 Mcqs, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 2301. |
In income measurement & recognition of assets & liabilities which of the following concepts goes together ? |
| A. | Periodicity, Accural, Matching |
| B. | Cost, Accural, matching |
| C. | Going concern, cost, Realization |
| D. | Going concern, Periodicity, Reliability |
| Answer» B. Cost, Accural, matching | |
| 2302. |
Salary Account comes under which head? |
| A. | Indirect Incomes |
| B. | Indirect Expenses |
| C. | Direct Incomes |
| D. | Direct Expenses |
| Answer» C. Direct Incomes | |
| 2303. |
Which option is used to make changes in created Groups of Ledgers in Tally? |
| A. | Create |
| B. | Display |
| C. | Alter |
| D. | Change |
| Answer» D. Change | |
| 2304. |
Which option is used in Tally to make changes in created company? |
| A. | Select Company |
| B. | Shut Company |
| C. | Alter |
| D. | None of these |
| Answer» D. None of these | |
| 2305. |
Which Shortcut key is pressed to create a new company in Tally? |
| A. | F3 |
| B. | Alt+F3 |
| C. | F2 |
| D. | Alt+F2 |
| Answer» C. F2 | |
| 2306. |
Which shortcut key is used to export data of any company in Microsoft Excel spreadsheet or in any other company? |
| A. | Alt+P |
| B. | Alt+E |
| C. | Alt+O |
| D. | Alt+S |
| Answer» C. Alt+O | |
| 2307. |
Which shortcut key is used to take print of any report in Tally? |
| A. | Ctrl+P |
| B. | Shift+P |
| C. | Alt+P |
| D. | Alt+Ctrl+P |
| Answer» D. Alt+Ctrl+P | |
| 2308. |
Which option is used to exit Tally? |
| A. | Exit |
| B. | Close |
| C. | Quit |
| D. | Shut Company |
| Answer» D. Shut Company | |
| 2309. |
Which of the following file is usually used as a master file? |
| A. | Inventory subsidiary |
| B. | Cash disbursements. |
| C. | Cash receipts. |
| D. | Payroll tr |
| Answer» B. Cash disbursements. | |
| 2310. |
Which option lists inventory valuation method in tally? |
| A. | Stock report |
| B. | Stock journal |
| C. | Stock analysis |
| D. | Stock summary |
| Answer» E. | |
| 2311. |
Which key is pressed to post entries in double entry accounting system instead of singleentry system in Tally.ERP9? |
| A. | F11 |
| B. | F12 |
| C. | Alt+F11 |
| D. | Alt+F12 |
| Answer» E. | |
| 2312. |
Which shortcut key(s) are used to enter a stock journal in tally? |
| A. | F7 |
| B. | Control + F7 |
| C. | Alt + F7 |
| D. | Shift + F7 |
| Answer» D. Shift + F7 | |
| 2313. |
A firm has reported a profit of Rs.1,47,000 for the year ended 31-3-2014 after taking into consideration the following items.(i) The cost of an asset Rs.23,000 has been taken as an expense_new_line_(ii) The firm anticipated a profit of Rs.12,000 on the sale of an old furniture_new_line_(iii) Salary of Rs.7,000 outstanding for the year has not been taken into account._new_line_(iv) An asset of Rs.85,000 was purchased for Rs.75,000 and was recorded in the books at Rs.85,000._new_line_What is the correct amount of profit to be reported in the books? |
| A. | Rs.1,47,000 |
| B. | Rs. 1,51,000 |
| C. | Rs.1,63,000 |
| D. | Rs.1,41,000 |
| Answer» C. Rs.1,63,000 | |
| 2314. |
Taxes paid come under which group? |
| A. | Capital |
| B. | Loans and liabilities |
| C. | Direct expenses |
| D. | Duties and taxes |
| Answer» E. | |
| 2315. |
Which account is the odd one? |
| A. | Furniture |
| B. | Land and buildings |
| C. | Stock of raw materials |
| D. | Plant and machinery |
| Answer» D. Plant and machinery | |
| 2316. |
TDS stands for |
| A. | Tax deducted at source |
| B. | taxation decision summary |
| C. | Tax decision service |
| D. | Taxation declaration service |
| Answer» B. taxation decision summary | |
| 2317. |
A ______ is sent to a customer when he returns the goods. |
| A. | Debit note |
| B. | Credit note |
| C. | Proforma invoice |
| D. | Bill |
| Answer» C. Proforma invoice | |
| 2318. |
Function key to select purchase voucher is? |
| A. | F8 |
| B. | F9 |
| C. | F4 |
| D. | F3 |
| Answer» C. F4 | |
| 2319. |
Service tax report can be seen from |
| A. | Display > day book |
| B. | Display > account books |
| C. | Display > statutory masters |
| D. | Display > statutory reports |
| Answer» D. Display > statutory reports | |
| 2320. |
Closing stock come under------ |
| A. | Current asset |
| B. | Fixed asset |
| C. | Stock in hand |
| D. | Direct income |
| Answer» D. Direct income | |
| 2321. |
A ______ is sent to the seller when he is taken back the sold goods. |
| A. | Debit note |
| B. | Credit note |
| C. | Proforma invoice |
| D. | Bill |
| Answer» B. Credit note | |
| 2322. |
Capital is treated as liability because of: |
| A. | Dual aspect concept |
| B. | Money measurement concept |
| C. | Matching concept |
| D. | Entity concept |
| Answer» E. | |
| 2323. |
What is MRP? |
| A. | Market price |
| B. | Maximum retail price |
| C. | Marginal price |
| D. | Minimum retail price |
| Answer» C. Marginal price | |
| 2324. |
If the financial year from is 1st april 2005 and the books beginning from is 1stjanuary 2006 thenwhat will be the closing date? |
| A. | 31st Dec 2006 |
| B. | 31st march 2006 |
| C. | 31st December 2005 |
| D. | None of these |
| Answer» C. 31st December 2005 | |
| 2325. |
4. A person who owes money to the business is a ____________. |
| A. | Debtor |
| B. | Creditor |
| C. | Investor |
| D. | Supplier |
| Answer» B. Creditor | |
| 2326. |
Function key for receipt voucher is? |
| A. | F3 |
| B. | F4 |
| C. | F5 |
| D. | F6 |
| Answer» E. | |
| 2327. |
Transfer from main cash to petty cash you require to pass ……………… |
| A. | Voucher. |
| B. | Payment |
| C. | Contra |
| D. | Receipt |
| Answer» D. Receipt | |
| 2328. |
The short key for company creation is ……………… |
| A. | Ctrl+f2 |
| B. | alt+f2 |
| C. | alt+f3 |
| D. | ctrl+f3 |
| Answer» D. ctrl+f3 | |
| 2329. |
Loans from individual comes under ---- group |
| A. | Fixed liabilities |
| B. | Loans and advances |
| C. | Current liabilities |
| D. | Capital |
| Answer» C. Current liabilities | |
| 2330. |
_____ refers the amount invested by the owner into business. |
| A. | Loan |
| B. | Advance |
| C. | Capital |
| D. | Prepaid expenses |
| Answer» D. Prepaid expenses | |
| 2331. |
“allow components list details (bill of materials)” option is activated for |
| A. | Ledgers |
| B. | Cost category |
| C. | Stock items |
| D. | Budgets |
| Answer» C. Stock items | |
| 2332. |
F10 key is used to select |
| A. | Contra voucher |
| B. | Reversing journal |
| C. | Receipt voucher |
| D. | Payment voucher |
| Answer» C. Receipt voucher | |
| 2333. |
The options ‘use common narration’ and ‘narration for each entry’ appears in |
| A. | Account creation screen |
| B. | Voucher entry screen |
| C. | F11 accounting features |
| D. | Voucher type creation screen |
| Answer» C. F11 accounting features | |
| 2334. |
The options ‘ use common narration’ and ‘ narration each entry’ appear |
| A. | Account creation screen |
| B. | Voucher entry screen |
| C. | F11 accounting features |
| D. | Voucher type creation screen |
| Answer» D. Voucher type creation screen | |
| 2335. |
The branch of accounting which analyses and interprets the overall data is----- |
| A. | Financial accounting |
| B. | Cost accounting |
| C. | Management accounting |
| D. | None of these |
| Answer» D. None of these | |
| 2336. |
Find out which is not a default ledger in tally. |
| A. | Cash in hand |
| B. | Capital account |
| C. | Profit & loss |
| D. | None of these |
| Answer» C. Profit & loss | |
| 2337. |
---- key helps to select function and features screen |
| A. | F8 |
| B. | F6 |
| C. | F11 |
| D. | F9 |
| Answer» D. F9 | |
| 2338. |
_______ is the book of original entry. |
| A. | Journal |
| B. | Voucher |
| C. | Invoices |
| D. | Ledger |
| Answer» B. Voucher | |
| 2339. |
For selecting debit note voucher we have to use ----- key |
| A. | Ctrl f9 |
| B. | Ctrl f8 |
| C. | Alt f7 |
| D. | Alt f8 |
| Answer» B. Ctrl f8 | |
| 2340. |
Salary comes under ……………. Head |
| A. | Direct expense |
| B. | current liability |
| C. | Indirect expense |
| D. | Current asset. |
| Answer» D. Current asset. | |
| 2341. |
Function key to select sales voucher is? |
| A. | F8 |
| B. | F9 |
| C. | F4 |
| D. | F3 |
| Answer» B. F9 | |
| 2342. |
For selecting a company use ----key |
| A. | F1 |
| B. | F2 |
| C. | F6 |
| D. | F7 |
| Answer» B. F2 | |
| 2343. |
Sales return are recorded in ………………. Voucher |
| A. | Sales voucher |
| B. | Debit note |
| C. | Receipt |
| D. | Credit note |
| Answer» E. | |
| 2344. |
Function key for selecting payment voucher is---- |
| A. | F5 |
| B. | F6 |
| C. | F9 |
| D. | F11 |
| Answer» B. F6 | |
| 2345. |
Drawings accounts is to be created by linking with |
| A. | Capital account |
| B. | Current account |
| C. | Current liability |
| D. | Drawings |
| Answer» B. Current account | |
| 2346. |
Bank account is _________. |
| A. | Personal account |
| B. | Real account |
| C. | Nominal account |
| D. | Intangible real account |
| Answer» C. Nominal account | |
| 2347. |
_______ is the expense which is unpaid at the end of the accounting period. |
| A. | Outstanding expenses |
| B. | Prepaid expenses |
| C. | Proposed expenses |
| D. | Working capital. |
| Answer» B. Prepaid expenses | |
| 2348. |
Income tax number of the company will appear in which report? |
| A. | Cash/bank book |
| B. | Profit and loss a/c |
| C. | Reminder letter |
| D. | None of these |
| Answer» E. | |
| 2349. |
Function key to select contra voucher is? |
| A. | F4 |
| B. | F8 |
| C. | F9 |
| D. | F7 |
| Answer» B. F8 | |
| 2350. |
Which of the following is related with payment of cash |
| A. | Tcs |
| B. | Tds |
| C. | Fbt |
| D. | Vat |
| Answer» C. Fbt | |