DFAS Exam MCQs | Youth Computer Diploma in Financial Accounting Practice Questions Set-6

Advance your Diploma in Financial Accounting System (DFAS) preparation with comprehensive multiple-choice questions covering currency rate reports, Excel navigation and defaults, FACT backup and features, database commands, date formats, and accounting fundamentals.

Currency Reports Excel Basics FACT Features Database Commands Date Formats Data Types Voucher Settings

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101. ______Report, we can obtain a complete Listing of the Currency Exchange Rates, entered day-wise.

  • a) Currency Rate Report
  • b) Currency Chart
  • c) Trial Balance
  • d) None of These
Answer: A - Currency Rate Report provides a complete day-wise listing of currency exchange rates.

102. A homepage is___________

  • a) an index on encyclopaedia articles
  • b) where all internet data is store
  • c) required for access to the internet
  • d) the first page of a web site
Answer: D - A homepage is the first or main page of a website that visitors typically see first.

103. A quick way to return to a specific area of a worksheet is to type in the ______

  • a) Formula bar
  • b) Zoom box
  • c) Name box
  • d) None of these
Answer: C - In Excel, typing a cell reference in the Name box and pressing Enter quickly navigates to that specific area.

104. A Worksheet Range is a______

  • a) Command used for Data Modelling
  • b) A Range of Values such as from 23 to 234
  • c) A Group of Cells
  • d) A Group of Worksheets
Answer: C - A worksheet range refers to a group or block of selected cells in Excel.

105. American Date Format is______

  • a) MM/DD/YY
  • b) DD/MM/YY
  • c) yy-DD-mm
  • d) None of These
Answer: A - American date format is Month/Day/Year (MM/DD/YY).

106. Backup of Data can be done in FACT from______

  • a) Ledger Menu
  • b) Housekeep Menu
  • c) Account Menu
  • d) Master Menu
Answer: B - In FACT software, data backup is performed from the Housekeep Menu.

107. By default column width of Excel______

  • a) 7.43
  • b) 8.43
  • c) 6.34
  • d) 8.34
Answer: B - The default column width in Excel is 8.43 characters.

108. By default, How many sheets are there in Excel - 2003 or 2007 file ?

  • a) 2
  • b) 3
  • c) 4
  • d) None
Answer: B - By default, both Excel 2003 and 2007 create a new workbook with 3 worksheets.

109. By Formatting a cell in Currency format, you can specify ?

  • a) Decimal Places
  • b) Currency Symbol
  • c) Both (a) and (b) Options
  • d) None of above
Answer: C - Currency format allows you to specify both decimal places and currency symbol.

110. Cash in hand & bank A./C balance helps for___________

  • a) Inventory control
  • b) Sales performance
  • c) Payment Decision
  • d) None of these
Answer: C - Cash and bank balances help in making payment decisions based on available funds.

111. 'CHARACTER' type contains ___________

  • a) Only Character values
  • b) Only Numeric values.
  • c) Both Character and Numeric Values
  • d) Only Decimal Values
Answer: C - In Visual FoxPro, CHARACTER data type can store both character and numeric values as text.

112. Closing a Database refers to which command ?

  • a) EXIT
  • b) QUIT
  • c) CLOSE DATABASE
  • d) CLOSE FILE
Answer: C - CLOSE DATABASE is the command used to close the currently open database in Visual FoxPro.

113. Comments can be added to cells using_______

  • a) Edit > Comments
  • b) Review > Comments
  • c) File > Comments
  • d) View > Comments
Answer: B - In Excel, comments are added through the Review tab in the Comments group.

114. Companies pan card number should enter in ___________

  • a) F11 - F3
  • b) F11 - F2
  • c) F12
  • d) F11 - F1
Answer: A - In Tally, PAN card number is entered under F11 (Company Features) then F3 (Statutory & Taxation).

115. CTOD stands for _____________

  • a) Character of Date
  • b) Character to Date
  • c) Character for Digit
  • d) None of These
Answer: B - CTOD is a function in FoxPro that converts Character data to Date format.

116. Custom details option you will get in the_______

  • a) File Menu
  • b) Edit Menu
  • c) Query Menu
  • d) Reports Menu
Answer: A - Custom details option is typically found under the File Menu in accounting software.

117. Discount Column is available in_______

  • a) Sales Invoice
  • b) Purchase Invoice
  • c) both (a) and (b)
  • d) Contra
Answer: C - Discount columns are available in both Sales Invoice and Purchase Invoice.

118. Document Numbering means_______

  • a) Date format system
  • b) Automatic voucher numbering system
  • c) Vat numbering system
  • d) Ledger numbering system
Answer: B - Document numbering refers to the automatic numbering system for vouchers and invoices.

119. Fact allows ______ levels of groups/subgroups for creating item.

  • a) Unlimited
  • b) One
  • c) Two
  • d) Three
Answer: C - FACT software allows two levels of groups/subgroups for creating items.

120. Fact is a______ based software.

  • a) Function Key
  • b) Initial
  • c) Code
  • d) None of these
Answer: C - FACT is a code-based accounting software.
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