K.L.E.

SOCIETY'S

Smt. Chanabasamma Ishwarappa Munavalli Polytechnic

Vidyanagar, HUBLI - 31 KARNATAKA, INDIA.

Total Marks : 30

Multiple choice questions for Accounts operator post

Time : 30 min

Name of the Candidate:_______________________________________________ Total Marks

:________________

1) All expenses and losses

always having..?
A.

B.

C.

D.

Credit
balanc
e
Debit
balan
ce
Exact
difference
balance

B.

4) Balance sheet
display
A.

Entire summary of the all

ledger accounts

B.

Balances of all
individual account

C.

Bank and
cash Balances

D.

Exact financial position of the

business on specific date

Balance entered
in voucher

2) Tracking number is used in

_____________transaction
A.

D.

5) Tally
is
A.

Package, which maintains

accounts only

B.

Which maintains accounts with

inventory records

C
a
s
h

C.

Which display the detail report trial

balance, balance sheet etc

D.

All are
correc
t

Sto
ck
ite
m

6) Which of the following is not a

account type

B
a
n
k

C.
D.

3) ____________ is the function key for

changing date

A.

Personal
Accounts

B.

Real
Accou
nts

C.

Occasion
al
account

A.
B.
C.

D.

Nominal
account

7) Term loans & other medium /long

_term loans comes under
__________Group

10) Which financial statement can be

made from Trial balance
A.

L
e
d
g
e
r

A.

Unsecur
ed Loan

B.

Secur
ed
Loan

B.

Pur
cha
ses

C.

Loans &
Advances

C.

D.

Current
liability

S
a
l
e
s

D.

Balanc
e
sheet

8) ____________is beginning date of

financial year
A.

1st
Jan
uar
y

B.

1st
Febr
uary

C.

1st
Ma
rch

D.

1
st
A
pr
il

11) In case of personal accounts

the receiver is
A.

D
e
b
i
t

B.

C
r
e
d
i
t

C.

B
o
t
h
Balance entered
in voucher

9) Manufacturing expenses comes

under___________ Group
A.

Expenses
(Indirect)

D.

B.

Miss
Expen
ses

12) Which of the following information

is must to create a company

C.

Direct
Expens
es

D.

N
o
n
e

A.

Name of the company &

Financial year

B.

Name of the company &

Income Tax No

C.

Name of the company &

Sales Tax No

D.

All

Ab
ov
e

B.

I
n
c
o
m
e

C.

Expe
nditu
re

D.

N
o
n
e

13) Journal book is

used to
A.

Records all
the entries

B.

To records all the non-cash

transactions only

C.

Entries regarding general

transactions

D.

All sale and

purchase records

17) Sales purchase A/C groups are

reflected in _____________

14) _____________is a Reserved group

which goes to liabilities

A.

Profit &
loss A/C

A.

Capi
tal
A/C

B.

Balan
ce
sheet

B.

Fixe
d
Ass
et

C.

Journal
Register

D.

None if
the above

C.

D.

Inve
stm
ent
Sundry
debtors

18) Limit on single payments is available

for_______________
A.

Only
Grou
ps

B.

Only ledger
Accounts

C.

Group&
Ledger

D.

None of
the above

15) Alias is
____________
A.
B.
C.

D.

To change
group name
Simple mechanism to call an
account by another name
Type
of
Group
Type of
Ledger

19) System of traversing form Balance

sheet to voucher permitting to view al the
A.

Special
situation

B.

Tr
a
ck
in
g

16) Rates & Taxes comes under

____________ Groups
A.

Duties
&Taxe
s

rs
C.

D.

Au
dit
trai
l
None of
the above

B.

D
a
t
e

C.

Multipl
e
Ledgers

D.

All
ab
ov
e

20) In tally 5.4 _____________ option is

available for maintaining Accounts
A.

Accou
nt
only

B.

AcctswithInv

C.

Invent
ory
only

D.

23) Reports come under

exception reports
A.

Memorandum
Vouchers

B.

Negati
ve
stock

C.

Optional
Vouchers

D.

All
ab
ov
e

All are
correct

21) Trial Balance contains ___________

balance of all accounts
A.

B.

C.

D.

O
p
e
ni
n
g

24) Closing stock appears in

_______________

C
l
o
s
i
n
g

A.

Balanc
e
Sheet

B.

Trial
Balan
ce

Onl
y
cre
dit

C.

Profit &
loss A/C

D.

None of
the above

N
o
n
e

25) Cash in hand & bank A./C balance helps

for______________
A.

Inventory
control

B.

Payment
Decision

C.

Sales

22) Under Group _______________ can

be created
A.

Vo
uc
he

performan
ce
D.

N
o
n
e

A.

Re-entering
the data

B.

Process of getting back the

earlier data in Hard disk

C.

Process of keeping a copy of the data

in another place

D.

All
ab
ov
e

26) Tally give the facility to fine tune our

control of Budgets over ledger accounts,
A.

This
statement is
true

B.

Tally does not give the facility to fine

tune our control if Budgets

30) _________Can not be printed in a

Quick Format

C.

Tally gives the facility to fine tune

our control of Budgets over only cost
Centers

A.

Trial
Balan
ce

D.

Tally gives the facility to fine

tune our control of budgets over
group of Accounts

B.

Balanc
e
Sheet

C.

C
h
e
q
u
e

D.

L
e
d
g
e
r

27) Changes carried out in F12 are

______________
A.

Global & will be effective for all

working companies

B.

Not Global will not be effective for all

working companies

C.

Affected to that
particular company only

D.

None of
the above

28) Tally provides option to post stock

value from Inventory directly to balance
sheet

31) _________key is used to view next level

details of the item on the same screen.
A.

Ctrl
+
Ente
r

A.

Non Integrated
Accounts

B.

Integrated
Accounts &
Inventory

B.

Shift
+
Enter

C.

Comprehensive
Accounting

C.

D.

Multiple
Accounting

S
hi
ft
+
R

D.

C
t
r

29) Restoration of data is

____________

l
+

A.

Transaction involves
Cash and Bank

B.

Transactions related
to Purchase

C.

Salaries paid to the

employees

D.

Contracting
expenses only

32) _________Vouchers is a pure inventory

voucher
A.

B.
C.

D.

Delive
ry
Note
Cash Paid
Creditor
Material
rejection
entry
Ex
pe
ns
es

36) Optional Voucher

is____________
A.

Voucher Type is
emergency

B.

Vouch
er
Type

C.

Temporary Voucher which does not

update any figure any where

D.

Voucher which
update figures

33) Inventory Managment comprises of

_________
A.

B.

Deli
ver
y In
Deliv
ery
Out

C.

Inventor
y
control

D.

All of
abov
e

37) Memorandum Voucher is

used to
A.

Enter entry having multiple

account effect

B.

For entries regarding

bank overdraft

C.

Remind entry which may have

effect in future

D.

None
of
these

34) Contra entry is used for

___________
A.

Transaction involves
Cash and Bank

B.

Transactions related
to Purchase

C.

Salaries paid to the

employees

D.

Contracting
expenses only

35 )Contra entry is used for

___________

37) Which of the following is not a voucher

type ____________
A.

C
o
n
t
r
a

B.

Pa
y
m
en
t

C.

D.

C
a
p
i
t
a
l
R
e
c
e
i
p
t

38) In case of personal Accounts Credit

effect goes with
A.

Sometimes to giver &

sometimes to taker

B.

Bank
Accou
nt

C.

The
Recei
ver

D.

Th
e
Giv
er

C.

Accounts relating to expenses and

Income such as sales, purchases
Discount Allowed,

D.

All types of Bank, Stock and

Cash account

41) Duties & Taxes is considered as

___________________ in accounting groups.
A.

Current
liabilities

B.

Curren
t
assets

C.

Fixe
d
asse
ts

D.

T
a
x
e
s

42) In balance sheet the shortcut key to

activate the value is _________________
A.
B.
B

39) In each & every entry Debit & Credit

balance must be equal

C.

A.

D.

B.

Not necessary in
Contra entry
Above
statement is
true

C.

This is applicable in payment

type entries only

D.

None of
the above

43) The supplier of the company belongs to

___________________ group in accounting
A.

S
u
p
pl
ie
r

B.

Sunder
y
debtor

C.

Sundry
credito
r

D.

Sundry
Custome
r

40) Which of the following account groups

can be classified as a Nominal accounts
A.

Accounts of Buyer, Suppliers,

Owners, Lenders etc

B.

Accounts of fixed and current assets

such as Cash, Building, Plant and
Machinery, vehicles etc

u
rr
e
n
t

44) VAT stands

for
A.

Value
Added
Tax

B.

Valuabl
e At Tax

C.

Value
Added
Tally

D.

VAT
Stands
TAX

D.

47) Use Alt + F8

for________________
A.

Stock
journ
al

B.

Go
ods
out

45) ______________________ is the short key

to change period in tally
A.

B.

C.

C.
Ct
rl
+
F
2

G
oo
ds
In

D.

A
lt
+
F
2

N
o
n
e

48) Tally is--------------Software

A
lt
+

A.

Computerize
Accounting

B.

Manual
Accounting

C.

Operatin
g System

D.

La
ng
ua
ge

F
1
D.
46) Fax machine is a ____________
asset.
A.

B.

C.

N
o
n
e

F
i
x
e
d
D
i
r
e
c
t
C

49) Alias is
_____________
A.

To change
group name

B.

Simple mechanism to call an account

by another name

C.

Type
of
group

D.

Type of
ledger

50) TDS deduction ____________________

key used
A.

A
L
T
+
T

B.

A
L
T
+
S

C.

A
L
T
+
Q

D.

A
L
T
+
G