CFAS Exam MCQs | Youth Computer Certificate in Financial Accounting Practice Questions Set-10

Complete CFAS Mock Test covering maintain multiple godowns F11>F2, scenarios reversing journals, Alt+F2 change period, customize toolbar, integrate accounts & inventory for trading account, allow multi currency F1, allow sales order processing F2, allow zero valued entries F1 & F2 both, Alt+F10 physical stock voucher, Alt+F7 stock journal, Alt+F2 change period, alter delete & modification, analysis category 5 levels, attendance voucher Ctrl+F5, backup company info, and bank reconciliation F5.

Multiple Godowns Import Data Change Period Customize Toolbar Trading Account Multi Currency Interest Calculation Sales Order Zero Entries Physical Stock Stock Journal Alter Analysis Category Attendance Autotext Backup Bank Reconciliation

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206. Maintain Multiple Godowns Feature Activated From_______

  • a) F11
  • b) F11 > F1
  • c) F11 > F2
  • d) F11 > F3
Answer: C - Maintain Multiple Godowns is activated from F11 > F2 (Inventory Features) in Tally.

207. Scenarios Option Related With _________ Feature.

  • a) Maintain Budgets and Controls
  • b) Use Reversing Journals and optional Voucher
  • c) Maintain Scenarios system
  • d) Activate Scenarios and Budget system
Answer: B - Scenarios option is related to Use Reversing Journals and Optional Voucher feature in Tally.

208. Tracking Number Displays On ________ Voucher.

  • a) Receipt voucher
  • b) Receipt Note
  • c) Purchase order
  • d) Sales order
Answer: B - Tracking Number displays on Receipt Note voucher for tracking incoming goods.

209. ______ System Helps To Copy The Data From One Company To Another Company.

  • a) Export data
  • b) Copy data
  • c) Import data
  • d) Data migration
Answer: C - Import data system helps to copy data from one company to another in Tally/Ex-NGN.

210. _______ key is used to change the financial period.

  • a) Alt + F1
  • b) Alt + F2
  • c) Alt + F3
  • d) Alt + F4
Answer: B - Alt + F2 is used to change the financial period in Tally.

211. _______ option helps to re-arrange the folder toolbar.

  • a) Options
  • b) Edit Toolbar
  • c) Customize
  • d) Configuration
Answer: C - Customize option helps to re-arrange the folder toolbar in Ex-NGN.

212. ________ Feature Helps To Display Trading Account.

  • a) Integrate Accounts & Inventory
  • b) Integrate Accounts & Statutory
  • c) Integrate Inventory & Statutory
  • d) Integrate Accounts only
Answer: A - Integrate Accounts & Inventory feature enables Trading Account display in Tally.

213. 1 Nibble equals to________

  • a) 8 bits
  • b) 16 bits
  • c) 4 bits
  • d) 5 bits
Answer: C - 1 Nibble equals to 4 bits (half of a byte).

214. Allow Multi Currency Option Is Under________

  • a) F1
  • b) F2
  • c) F3
  • d) NONE
Answer: A - Allow Multi Currency option is under F1 (Accounting Features) in Tally.

215. A Computer can not boot if it does not have a ________?

  • a) Loader
  • b) Compiler
  • c) OS
  • d) Assembler
Answer: C - A computer cannot boot without an Operating System (OS).

216. A Computer consists of_______

  • a) A Central Processing Unit
  • b) A Memory
  • c) Input and Output Unit
  • d) All of the above
Answer: D - A computer consists of CPU, Memory, and Input/Output units.

217. Activate Interest Calculation Option Is Under________

  • a) F12
  • b) F11->F2
  • c) F11->F1
  • d) None
Answer: C - Activate Interest Calculation is under F11 > F1 (Accounting Features) in Tally.

218. Activate Interest Calculation Option Is Under_______

  • a) F12
  • b) F2
  • c) F1
  • d) NONE
Answer: C - Activate Interest Calculation is under F1 (Accounting Features) in Tally.

219. Allow Sales Order Processing Is Under_______

  • a) F2
  • b) F10
  • c) F2
  • d) NONE
Answer: A - Allow Sales Order Processing is under F2 (Inventory Features) in Tally.

220. Allow Zero Valued Entries Is Under_______

  • a) F1
  • b) F2
  • c) F1 & F2 BOTH
  • d) F3
Answer: C - Allow Zero Valued Entries is under both F1 (Accounting) and F2 (Inventory) features.

221. Alt + F10 Is Used For ____________.

  • a) Physical Stock Voucher
  • b) Optional Voucher
  • c) Journal Voucher
  • d) Post Dated Voucher
Answer: A - Alt + F10 is used for Physical Stock Voucher in Tally.

222. ALT + F7 is used for _____________.

  • a) Stock Journal
  • b) Physical Stock Voucher
  • c) Sales Voucher
  • d) Memorandum Voucher
Answer: A - Alt + F7 is used for Stock Journal voucher in Tally.

223. Alt + F2 Shortcut Is Used For________

  • a) Change Period
  • b) Company Creation
  • c) Accounting Vouchers
  • d) Display
Answer: A - Alt + F2 is used to Change Period in Tally.

224. Alter means in Tally______

  • a) Delete
  • b) Delete and Modification
  • c) Modification
  • d) None of these
Answer: B - Alter means both Delete and Modification in Tally.

225. Analysis Category does support a maximum of _______ levels.

  • a) 2 levels
  • b) 5 levels
  • c) 7 levels
  • d) 9 levels
Answer: B - Analysis Category supports maximum 5 levels in Ex-NGN.

226. ASCII stands for________

  • a) American Stable Code for International Interchange
  • b) American Standard Case for Institutional Interchange
  • c) American Standard Code for Information Interchange
  • d) American Standard Code for Interchange Information
Answer: C - ASCII stands for American Standard Code for Information Interchange.

227. Attendance Voucher Is_______

  • a) Alt + F5
  • b) Shift + F5
  • c) Ctrl + F5
  • d) NONE
Answer: C - Attendance Voucher is Ctrl + F5 in Tally.

228. Autotext is under________

  • a) Home
  • b) Data
  • c) View
  • d) Insert
Answer: D - Autotext is under Insert menu in MS Word.

229. Backup Option Is Under________

  • a) COMPANY INFO.
  • b) GATEWAY OF TALLY
  • c) DISPLAY
  • d) NONE OF THESE
Answer: A - Backup option is under COMPANY INFO menu in Tally.

230. Bank Reconciliation Is Invoke To Use Of________

  • a) F2
  • b) F3
  • c) F4
  • d) F5
Answer: D - Bank Reconciliation is invoked using F5 in Tally.
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