CFAS Exam MCQs | Youth Computer Certificate in Financial Accounting Practice Questions Set-5

Master CFAS Set-5 covering custom field creation, bug glitch, VAT reports, company restore, F8 sales entry, supplier invoice, delete voucher Alt+D, use actual & billed qty F2, payment voucher, security control, F7 analysis, rent payment SCP, payroll voucher Ctrl+F4, maintain budgets F1, and zero valued entries.

Custom Field Bug & Glitch VAT Reports Company Restore F8 Sales Entry Supplier Invoice Alt+D Delete Actual/Billed Qty Payment Voucher Security Control F7 Analysis SCP Rent Payroll Voucher Budgets & Control Zero Valued Entries

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81. From which menu you have to create custom field?

  • a) Setup
  • b) Activities
  • c) View
  • d) Company
Answer: A - Custom fields are created from Setup menu in Ex-NGN/Tally for adding user-defined fields in masters and vouchers.

82. 1st Generation of Computer were based on usage of________.

  • a) I.C
  • b) Microprocessor
  • c) Chips
  • d) Vacuum Tube
Answer: D - First generation computers (1940-1956) used vacuum tubes for circuitry and magnetic drums for memory.

83. CD.. command is used for________.

  • a) Goto Root Directory
  • b) Goto Parent Directory
  • c) Goto Child Directory
  • d) Goto Sub Directory
Answer: B - CD.. (Change Directory with two dots) moves to the parent directory one level up in DOS/Command Prompt.

84. An Error in Software or Hardware is called a Bug. What is an alternative computer jargon for it?

  • a) Leech
  • b) Squid
  • c) Slug
  • d) Glitch
Answer: D - Glitch is an alternative term for a temporary or transient error in software or hardware systems.

85. The control unit of a microprocessor________.

  • a) Stores data in the memory
  • b) Accepts input data from keyboard
  • c) Performs arithmetic/logic function
  • d) None of above
Answer: D - Control unit directs operations, decodes instructions, and controls data flow but does not store data, accept input, or perform arithmetic - that's ALU.

86. A Computer assisted method for the Recording and Analyzing of existing or Hypothetical Systems is________.

  • a) Data Transmission
  • b) Data Flow
  • c) Data Capture
  • d) Data Processing
Answer: B - Data Flow Diagram (DFD) is a computer-assisted method for recording and analyzing information flow in systems.

87. DropCap means________.

  • a) All Caps
  • b) Small Caps
  • c) Small Caps
  • d) None of these
Answer: D - DropCap is a large capital letter at the beginning of a paragraph that drops down into the text, not related to All Caps or Small Caps.

88. After typing header text, how can you quickly enter footer text?

  • a) Press PageDown key and type the text for footer
  • b) Click on Switch between Header & Footer then type the text
  • c) Both of these
  • d) None of these
Answer: B - In MS Word, use 'Switch Between Header and Footer' button in Design tab to quickly move from header to footer.

89. To insert a Drop Cap in one of the paragraphs, you should access________.

  • a) Insert
  • b) References
  • c) PageLayout
  • d) None of these
Answer: A - Drop Cap is found under Insert tab in MS Word, in the Text group.

90. A character that is raised above the baseline and is smaller in size is known as________.

  • a) Outlined
  • b) Raised
  • c) Superscript
  • d) Subscript
Answer: C - Superscript appears above the normal text baseline (e.g., exponents, ordinal indicators). Subscript appears below.

91. Dropcap is used on ?

  • a) Text
  • b) Sentence
  • c) Paragraph
  • d) Word
Answer: C - Drop Cap is applied to the first character of a paragraph to create a visual emphasis.

92. What happens when you click on Insert --> Clip Art?

  • a) It inserts a Clipart Picture into a Document
  • b) It lets you choose Clipart to insert into a Document
  • c) It opens Clip Art taskbar
  • d) None of above
Answer: C - Clicking Insert > Clip Art opens the Clip Art task pane/search panel to find and insert images.

93. To display the vat report in Tally you will go in________.

  • a) Got->Display->Inventory Report
  • b) Got->Display->Inventory report->Vat reports
  • c) Got->Display->statutory Report->vat reports
  • d) Got->inventory reports->vat reports
Answer: C - VAT reports are under Gateway of Tally > Display > Statutory Reports > VAT Reports.

94. Company Restore option is available in________.

  • a) Company feature
  • b) Configuration
  • c) Company Info
  • d) Gateway of Tally
Answer: C - Company Restore is available under Company Info menu (Alt+F3) in Tally.

95. Shortcut key 'F8' is used for________.

  • a) Enable VAT
  • b) Sales Entry
  • c) Purchase Entry
  • d) Contra Entry
Answer: B - F8 is the shortcut key for Sales Voucher in Tally ERP 9 and Tally Prime.

96. Supplier Invoice No will display in ________.

  • a) Payment Voucher
  • b) Receipt Voucher
  • c) Journal Voucher
  • d) Purchase Voucher
Answer: D - Supplier Invoice Number is recorded and displayed in Purchase Voucher for tracking purchases from vendors.

97. Vat Stands for________.

  • a) Value Add Tax
  • b) Value added Tax
  • c) Value all Tax
  • d) None of these
Answer: A - VAT stands for Value Added Tax, a consumption tax levied on value added at each stage of production/distribution.

98. To delete a Voucher________.

  • a) Alt + X
  • b) Alt + D
  • c) Ctrl + D
  • d) None of these
Answer: B - Alt + D is the shortcut key to delete a voucher in Tally after displaying it in alteration mode.

99. Use Actual & Billed Qty. Option Is Under________.

  • a) F1
  • b) F2
  • c) F3
  • d) F4
Answer: B - Use Actual & Billed Quantity option is available under F2 (Inventory Features) in Tally.

100. Payment is an________.

  • a) accounting voucher
  • b) inventory voucher
  • c) optional voucher
  • d) accounting and inventory voucher
Answer: A - Payment Voucher (F5) is an accounting voucher used to record cash/bank payments without inventory effect.

101. Which option controls the task list of a new user and password?

  • a) Security Control
  • b) Security Rights Grouping
  • c) User Manager
  • d) New User Allocation
Answer: C - User Manager controls user creation, password management, and task list assignments in Ex-NGN/Tally.

102. The key to Invoke Analysis Category________.

  • a) F2
  • b) F4
  • c) F11
  • d) F7
Answer: D - F7 is the key to invoke Analysis Category in Ex-NGN for financial analysis and reporting.

103. If you paid Rent is cash then which voucher type should be use?

  • a) SCP
  • b) SBP
  • c) MCP
  • d) MBP
Answer: A - SCP (Single Cash Payment) voucher is used for cash payments like rent, salaries, etc. in Ex-NGN.

104. Payroll Voucher Is________.

  • a) Ctrl + F4
  • b) Alt + F4
  • c) Shift + F6
  • d) NONE
Answer: A - Ctrl + F4 is the shortcut key for Payroll Voucher in Tally for salary processing.

105. Maintain Budgets And Control Is Under________.

  • a) F1
  • b) F2
  • c) F1 & F2 BOTH
  • d) NONE
Answer: A - Maintain Budgets and Control is enabled under F1 (Accounting Features) in Tally.

106. Allow Zero Valued Entries Feature Is Exist In ________. Feature.

  • a) Inventory & Statutory
  • b) Accounting & Inventory
  • c) Accounting & Statutory
  • d) Inventory & Tally.Net
Answer: B - Allow Zero Valued Entries is available under both Accounting Features (F1) and Inventory Features (F2).
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CFAS MCQs for Youth Computer Exam - Master Tally ERP 9, GST & Financial Accounting | PCBooks

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