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Free computer quiz Online Test - MeritNotes
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Online Exam
No. of Questions :10
Remaining Time :
1. To change the date, shortcut used
(a)
F1
(b)
F2
(c)
Alt+F2
(d)
Alt+F3
2. What is the advantage of a computer-based transaction processing system?
(a)
Will be more efficient at producing financial statements.
(b)
Eliminates the need to reconcile control accounts and subsidiary ledgers.
(c)
Does not require as stringent a set of internal controls.
(d)
Will produce a more accurate set of financial statements.
3. _____ is the shortcut to payroll as Voucher from Payroll Vouchers in Tally.
(a)
Alt+A
(b)
Alt+S
(c)
Ctrl+F4
(d)
Ctrl+F5
4. Where do we record credit purchase of furniture in Tally?
(a)
Journal
(b)
Receipt
(c)
Payment
(d)
Purchase
5. Which option is used to enable VAT, TDS, and Service Tax etc. in Tally?
(a)
Accounting Features
(b)
Inventory Features
(c)
Statutory & Taxation
(d)
None of these
6. How many type of companies can be created in Tally?
(a)
2
(b)
3
(c)
4
(d)
5
7. How to activate the tally audit feature in a company?
(a)
Press F12 key
(b)
In comp info-> security control-option
(c)
During the creation of a company
(d)
Press F11 key
8. Bad loans in banking terminology are generally known as
(a)
CBS
(b)
NPAs
(c)
Prime Asset
(d)
BPOs
9. The tax collected by the employer towards income of an employee is called
(a)
Value Added Tax (VAT)
(b)
Fringe Benefit Tax (FBT)
(c)
Tax Collected at Source (TCS)
(d)
Tax Deducted at Source (TDS)
10. Stock maintained for production purpose is called
(a)
Inventory
(b)
Trial balance
(c)
Payroll
(d)
Ledger
