CFAS Exam MCQs | Youth Computer Certificate in Financial Accounting Practice Questions Set-7

Master CFAS Set-7 covering Ex-NGN backup extension .mcf, customize narration creation Ctrl+T, memorandum vouchers in exception reports, manual voucher numbering, departmental transactions analysis category, computed interest account reports, voucher entries transaction list, sales voucher party sundry debtor, data restoration company menu, multiple bank payment, default ledger accounts.

Chart of Accounts Customize Narration Trading Account Memorandum Vouchers Voucher Numbering Gateway of Tally Transaction List Sundry Debtor Data Restoration Multiple Bank Payment Default Ledgers Payment Modes

Recommended by commerce educators for CFAS certification, Tally practical exams & accounting professional interviews

« First .. 6 7 8 .. Last »
« Previous Page Next Page »

131. The extension of the backup file of Ex-NGN_________

  • a) .bkp
  • b) .inf
  • c) .mcf
  • d) .bak
Answer: C - Ex-NGN backup files have the extension .mcf (Master Configuration File).

132. The shortcut key for Chart of accounts is_________

  • a) Ctrl + A
  • b) Ctrl + B
  • c) Ctrl + C
  • d) Ctrl + D
Answer: A - Ctrl + A is the shortcut key to open Chart of Accounts in Ex-NGN/Tally.

133. The shortcut key for customize Narration Creation is_________

  • a) Ctrl + T
  • b) Ctrl + N
  • c) Ctrl + R
  • d) Ctrl + F1
Answer: A - Ctrl + T is the shortcut key for customizing narration creation in Ex-NGN.

134. Trading A/C Can Not Display In Tally_________

  • a) TRUE
  • b) FALSE
  • c) NONE
  • d) BOTH
Answer: B - FALSE - Trading Account can be displayed in Tally under Display > Accounts Books > Trading Account.

135. We Can Display All Memorandum Voucher From_________

  • a) Display
  • b) Ratio Analysis
  • c) Exception Reports
  • d) Statements Of Inventory
Answer: C - Memorandum vouchers are displayed under Exception Reports as they are non-accounting entries.

136. We Can Set Voucher Numbering Manualy_________

  • a) 1
  • b) 0
  • c) Both
  • d) None
Answer: A - 1 (Yes/True) - Voucher numbering can be set to manual mode in Tally configuration.

137. What is the extension name of backup file?

  • a) .BAK
  • b) .ABF
  • c) .MCF
  • d) .SDF
Answer: C - Ex-NGN backup files use .MCF extension (Master Configuration File).

138. Which file starts MS Word?

  • a) Winword.exe
  • b) word.exe
  • c) word2003.exe
  • d) 2007.exe
Answer: A - Winword.exe is the executable file that starts Microsoft Word.

139. Which of the following is internal memory?

  • a) Disks
  • b) Pen Drives
  • c) RAM
  • d) CDs
Answer: C - RAM (Random Access Memory) is internal memory, while disks, pen drives, and CDs are external storage.

140. Which option is not viewed under Gateway of Tally ?

  • a) Accounts Info
  • b) Inventory Info
  • c) Day Book
  • d) Stock Summary
Answer: C - Day Book is not directly under Gateway of Tally; it is under Display > Day Book.

141. Which option is used to maintain departmental transactions?

  • a) Cost Centres
  • b) Vector Master
  • c) Analysis Category
  • d) Document Class
Answer: C - Analysis Category is used to maintain departmental transactions in Ex-NGN.

142. Which report will display computed Interest amount?

  • a) Statement of Accounts
  • b) Account Reports
  • c) Reports
  • d) Account Books
Answer: B - Account Reports display computed interest amounts in Tally/Ex-NGN.

143. Which report will display the list of voucher entries?

  • a) Day Book
  • b) Transaction List
  • c) Voucher List
  • d) List of Vouchers
Answer: B - Transaction List displays all voucher entries in Ex-NGN.

144. Which was the computer conceived by Babbage?

  • a) Analytical Engine
  • b) Arithmetic Machine
  • c) Donald Kunth
  • d) All of the above
Answer: A - Charles Babbage conceived the Analytical Engine, considered the first mechanical computer.

145. While creating Sales Voucher the Party's name is a type of________

  • a) sundry debtor
  • b) sundry creditors
  • c) bank a/c
  • d) propertier
Answer: A - In Sales Voucher, the party's name is a Sundry Debtor (customer) account.

146. From which menu you can insert Header and Footer?

  • a) Edit
  • b) Insert
  • c) View
  • d) Home
Answer: B - Header and Footer are inserted from the Insert menu in MS Word.

147. From which menu you have to create analysis categories?

  • a) Edit
  • b) Setup
  • c) Activities
  • d) Company
Answer: B - Analysis categories are created from the Setup menu in Ex-NGN.

148. From which menu you will take your data restoration?

  • a) Edit
  • b) Setup
  • c) Activities
  • d) Company
Answer: D - Data restoration is performed from Company menu under Company Info > Restore Company/Data.

149. From which option will you be able to see all transaction reports?

  • a) Transaction list
  • b) Account reports
  • c) Customer reports
  • d) Supplier reports
Answer: A - Transaction List displays all transaction reports in Ex-NGN.

150. How many bank ledgers can be selected in Multiple Bank Payment Document?

  • a) 1
  • b) 2
  • c) Unlimited
  • d) None of these
Answer: A - Only 1 bank ledger can be selected in Multiple Bank Payment Document.

151. How many characters are supported in shortname name?

  • a) 2 characters
  • b) 3 characters
  • c) 4 characters
  • d) 5 characters
Answer: B - Shortname supports 3 characters in Ex-NGN/Tally.

152. How many companies at most would be supported by Demo version of ExNGN?

  • a) 2 Companies
  • b) 4 Companies
  • c) 8 Companies
  • d) Unlimited Companies
Answer: A - Demo version of Ex-NGN supports maximum 2 companies.

153. How many default ledger accounts are there in Ex-NGN?

  • a) 2
  • b) 3
  • c) 4
  • d) None of these
Answer: B - Ex-NGN has 3 default ledger accounts: Cash, Profit & Loss, and Capital.

154. How many different positions can you set for Drop Cap?

  • a) 1
  • b) 2
  • c) 4
  • d) 6
Answer: B - Drop Cap has 2 positions: Dropped and In Margin in MS Word.

155. How many options are available for payment voucher mode?

  • a) 2 types
  • b) 4 types
  • c) 6 types
  • d) 8 types
Answer: B - Payment voucher has 4 modes: Cash, Bank, Cheque, and Credit Card in Ex-NGN.
« First .. 6 7 8 .. Last »
« Previous Page Next Page »

CFAS MCQs for Youth Computer Exam - Master Tally ERP 9, GST & Financial Accounting | PCBooks

๐Ÿ’ฐ Ace Your Youth Computer Certificate in Financial Accounting System (CFAS) Exams! PCBooks delivers free expert-level MCQs covering Tally ERP 9 / Tally Prime, GST compliance & ITC set-off, payroll management, and financial accounting fundamentals. Perfect for:

๐Ÿ–ฅ๏ธ Tally ERP 9 & Tally Prime MCQs

๐Ÿงพ GST & Taxation MCQs

๐Ÿ“Š Financial Accounting Fundamentals

๐Ÿง‘โ€๐Ÿ’ผ Payroll & TDS MCQs

๐Ÿ“ฆ Inventory & Billing MCQs

๐Ÿš€ Start Practicing Now


๐Ÿ† Trusted by 50,000+ accounting aspirants nationwide for Youth Computer CFAS Exam preparation!
๐Ÿ“ˆ 92% of users report improved Tally speed, GST accuracy & exam scores after practicing with PCBooks
โญ Recommended by commerce educators & accounting professionals