Top 150+ Solved Computerised Accounting MCQ Questions Answer
Q. Which of the following is the example of external users of accounting information?
a. Government
b. Owners
c. Management
d. Employee
Q. A ______ is sent to a customer when he returns the goods.
a. Debit note
b. Credit note
c. Proforma invoice
d. Bill
Q. 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
Q. Which of the following is not a transaction?
a. Goods are purchased on cash basis for rs. 1000.
b. Salaries paid for the month of may 2009.
c. Land is purchased for rs. 10 lakhs.
d. An employee is dismissed from the job.
Q. Bank account is _________.
a. Personal account
b. Real account
c. Nominal account
d. Intangible real account
Q. Income earned but not received is known as __________
a. Advance income
b. Proposed income
c. Earned income
d. Accrued income
Q. _____ refers the amount invested by the owner into business.
a. Loan
b. Advance
c. Capital
d. Prepaid expenses
Q. _______ is the major source of revenue of any business.
a. Investment
b. Advances
c. Loan
d. Sales
Q. Assets acquired for long term use in the business are called _________.
a. Fixed assets
b. Current assets
c. Fictitious assets
d. Liquid asset
Q. 4. A person who owes money to the business is a ____________.
a. Debtor
b. Creditor
c. Investor
d. Supplier
Q. Taxes paid come under which group?
a. Capital
b. Loans and liabilities
c. Direct expenses
d. Duties and taxes
Q. Accounting principles are divided into two types. These are
a. Accounting concepts
b. Accounting conventions
c. Accounting standard
d. 1 and 3 both
Q. What is the utility of tally vault password?
a. It will lock the period of company
b. It will lock all voucher entries for that company
c. It will not show the company name in the company select list.
d. None of these