CUET Accountancy MCQs Unit I Overview of Computerized Accounting System

Question : Who is the marketer of Tally?
a) Tally Package Pvt. Ltd.
b) Tally Gold Pvt. Ltd.
c) Tally Solutions Pvt. Ltd.
d) None of the above

Answer : C

Question :  Which from the following is better in accounting?
a) Book Keeping
b) Computerized Accounting
c) Both
d) None

Answer : C

Question : A computerised accounting system processes the financial transactions and event as per
a) accounting standards
b) international financial reporting standards
c) generally accepted accounting principles
d) operating system of the computer

Answer : C

Question : ................ means modifying the readymade software to suit the specific requirements of the user
a) Operating system
b) Customised software
c) Ready to use
d) Tailored

Answer : B

Question : The framework of storage and processing of data is called
a) operating environment
b) processing environment
c) storage environment
d) data environment

Answer : A

Question : What is Short-cut key for selecting company?
a) Alt + F1
b) F1
c) Ctrl + F1
d) Alt + Ctrl + F1

Answer : B

Question :  Software refers to 
a) the physical components that a computer is made of
b) firmware
c) programs
d) people ware

Answer : C

Question : What are the languages required for tally?
a) C
b) C++
c) C & C++
d) None of the above

Answer : C

Question :  Increases in assets are?
a) debits
b) credits
c) Both
d) None

Answer : A

Question : Modern computerised accounting system is based on the concept of
a) software
b) hardware
c) database
d) spreadsheets

Answer : C

Question : Both hardware and software components are dependent on each other. State true or false.
a) True
b) False
c) Either true or false
d) None of the above

Answer : A

Question : ................. refers to the manner in which a particular computer system is connected to other electronic devices, say through telephone lines.
a) Communication
b) Connectivity
c) Information
d) Data

Answer : B

Question : Which of the following is/are the type(s) of computerised accounting system?
a) Ready to use
b) Customised
c) Tailored
d) All of these

Answer : D

Question : Which of the following is not a feature of computerised accounting system?
a) Online input and storage of accounting data
b) Print out of purchase and sale invoices
c) Grouping of accounts is done from the very beginning
d) Hardware based only

Answer : D

Question : What are the details required for filing income tax returns?
a) PAN, Aadhar Card, Current address and Bank Details
b) Income proofs and information about all the deductions claimed under Section 80
c) Tax payment information such as TDS and advance tax payments
d) All of the above

Answer : D

Question :  Microsoft Word is a type of:
a) Application Software
b) Operating System
c) Hardware
d) Output Device

Answer : A

Question : How to activate calculator in tally anywhere?
a) Alt + C
b) Ctrl + N
c) Ctrl + Alt + N
d) Ctrl + R

Answer : B

Question : Structure of the hardware depends on the type of
a) hardware
b) motherboard
c) operating system
d) software

Answer : D

Question : Identify the requirement(s) of every computerised accounting system.
a) Accounting framework
b) Operating procedure
c) Both (a) and (b)
d) None of these

Answer : C

Question : Which of the following is the basic component of the computer hardware?
a) Motherboard
b) Application software
c) Operating system
d) All of these

Answer : A

Question :  Mouse is a-
a) Input device
b) Output device
c) Input and output both
d) None of these

Answer : A

Question : Which key is used to post credit purchase in Tally?
a) F8
b) F9
c) F10
d) F2

Answer : B

Question :  ______ is a cross between human language and a programming language.
a) Pseudo code
b) Java
c) The Java virtual machine
d) The compiler
(e) None of the above

Answer : A

Question : .............. consists of hardware as well as software
a) Operating system
b) Computerised accounting system
c) Motherboard
d) Application software

Answer : B

Question : Software that are meant to manage the resources of a computer and also facilitates its operations are known as ………… .
a) operating system
b) utility program
c) application software
d) All of these

Answer : A

Question : To creating voucher, step after GOT is
a) Accounts info.
b) Accounting vouchers
c) Inventory vouchers
d) Inventory info.

Answer : A

Question :  A set of rules for telling the computer what operations to perform is called a _____ ? 
a) procedural language
b) structures
c) natural language
d) command language
(e) programming language

Answer : E 

Question : Which sub menu is used to create new ledger, groups and voucher types in tally
a) Account Info
b) Accounting Vouchers
c) Inventory Vouchers
d) Inventory Info

Answer : A

Question : Part of computer system which interact with the computer through the use of hardware or software is called................. .
a) language processor
b) applications software
c) procedure
d) humanware

Answer : D

Question : Which softwares are designed and developed for performing certain specific task such as payroll accounting?
a) Utility programmes
b) Operating systems
c) Application softwares
d) Customise softwares

Answer : C

Question : Which of the following items constitutes the structure of a computerised accounting system?
a) Hardware
b) Software
c) Both (a) and (b)
d) None of these

Answer : C

Question : ............. is an integrated set of objects that constitute the report.
a) Front-end interface
b) Back-end database
c) Data processing
d) Reporting system

Answer : D

Question : Which of the following is not a type of procedure which constitutes part of computer system?
a) Hardware oriented procedure
b) Software oriented procedure
c) Internal procedure
d) External procedure

Answer : D

Question : Application software can be further classified as
a) General purpose software
b) Specific purpose software
c) General as well as specific purpose software
d) None of the above

Answer : C

Question : ............... is a specified series of actions or operations, which have to be executed in a certain manner, in order to achieve the desired result in same circumstances.
a) Hardware
b) Procedure
b) Softwares
d) Humanwares

Answer : B

Question :  The _____ tells the computer how to use its components. 
a) Utility
b) Application
c) Operating System
d) Network
(e) None of the above

Answer : D

Question : Which menu appears after starting tally for the first time?
a) Gateway of Tally
b) Company Info
c) Display
d) None of these

Answer : B

Question :  Ram want to install a computerised accounting system but his budget is low. Which software he should opt for
a) Ready to use Software
b) Customized Software
c) Tailor-made Software
d) He can buy any of above, all cost same

Answer : A

Question : Which option is used in Tally to make changes in created company?
a) Shut Company
b) Select Company
c) Alter
d) None of these

Answer : C

Question : What is the short-cut key for Receipts (transaction for direct cash) in Tally?
a) F4
b) F5
c) F6
d) F7

Answer : C

Question :  Software package is a
a) Machine
b) Programme
c) Set of standard programmes
d) None 

Answer : C

Question : .............. are the facts which are gathered and entered into a computer system.
a) Data
b) Information
c) Knowledge
d) Wisdom

Answer : A

Question : Name the software used for controlling internal functions, such as reading data input devices.
a) System software
b) Application software
c) Connectivity software
d) None of the above

Answer : A

Question : What is the short-cut to paste text from Tally?
a) Ctrl + Shift + V
b) Alt + V
c) Ctrl + Alt + V
d) Alt + Shift + V

Answer : C

Question : Choose the right option to change the Company Information
a) Company info> Back up
b) Company info> Alter
c) Company info> split Company d)ata
d) None of these

Answer : B

Question :  The _____ of a vendor is also an important factor to consider while opting for a computerized accounting software
a) Level of profit
b) Honesty
c) Capability
d) None of the above

Answer : C

Question : What is the short-cut key for back-up?
a) Shift + Tab
b) Alt + Tab
c) Shift + Ctrl + Tab
d) None of the above

Answer : A

Question : What is the benefit of income tax return file?
a) Claim Tax Refund
b) Income & Address Proof
c) Avoid Penalty and Prosecution
d) All of the above

Answer : D

Question :  What is not an advantages of a computerized accounting system.
a) High Speed
b) High Reliability
c) Reduced training cost
d) None of the above

Answer : C

Question : Salary Account comes under which head
a) Indirect Incomes
b) Indirect Expenses
c) Direct Incomes
d) Direct Expenses

Answer : B

Question :  Identify the device through which data and instructions are entered into a computer:
a) Software
b) Output device
c) Input device
d) Memory

Answer : C

Question : What is the Short-cut key for Payments in Tally?
a) F3
b) F4
c) F5
d) F6

Answer : C

Question :  The output shown on the computer monitor is called
a) VDU
b) Hard Copy
c) Soft Copy
d) Screen Copy

Answer : C

Question : Which shortcut key is used in Company Features screen to use Inventory features in Tally?
a) F1
b) F2
c) F4
d) F3

Answer : B

Question :  Assembly language 
a) uses alphabetic codes in place of binary numbers used in machine language.
b) is the easiest language to write programs.
c) need not be translated into machine language.
d) All of the above.
(e) None of the above.

Answer : A

Question : Is it possible to load companies with the same name at the same time?
a) Yes
b) No
c) Always possible
d) Sometimes possible

Answer : B

Question : Who is the developer of Tally?
a) Wally Feurzeig
b) John G. Kemeny
c) Nandan M. Nilekani
d) Shyam Sundar Goenka

Answer : D

Question :  Profit or Loss =?
a) Expenses + Revenue
b) Revenue ? Expenses
c) Both
d) None

Answer : B

Question : Select the right usefulness of Tally vault Password
a) It will lock the period of Company Sales
b) It will lock the period of Company
c) It will lock all voucher entries for that Company
d) It will not show the Company Name in the Company Select List

Answer : D

Question :  Computers that are portable and convenient for users who travel are known as
a) Laptops
b) File servers
c) Supercomputers
d) Minicomputers

Answer : A

Question : What is Primary Key?
a) A primary key is a maximal set of attributes in a table that uniquely identifies tuples in that table.
b) A primary key is a minimal set of attributes in a table that uniquely identifies tuples in that table.
c) A primary key is a unique identifier.
d) Both b) & c)

Answer : D

Question :  Increases in capital?
a) debits
b) credits
c) Both
d) None

Answer : B

Question : What is the due date of submission of return for an individual?
a) 31st July
b) 31st August
c) 30th September
d) 31st October

Answer : A

Question : What is the due date of submission of return for a company?
a) 31st July
b) 31st August
c) 30th September
d) 31st October

Answer : C

Question :  Name of the screen that recognizes touch input is:
a) Digital screen
b) Point Screen
c) Touch Screen
d) Android Screen

Answer : C

Question : If the recipient of income doesn’t furnish his PAN to deductor then TDS is to be deducted at which rate?

a) 10%
b) 15%
c) 5%
d) 20%

Answer : D

Question :   Eight Bits make up a:
a) byte
b) megabyte
c) kilobyte
d) None

Answer : A

Question : Which shortcut key is used in company for statutory and taxation in Tally?
a) F11 And Then F3
b) F12 And Then F3
c) Alt+F11
d) Alt+Ctrl+F11

Answer : A

Question : How can you file an income tax return in India?
a) www.gst.gov.in
b) www.mca.gov.in
c) www.incometaxindiaefiling.gov.in
d) None of the above

Answer : C

Question :  Which one of these also known as read/write memories?
a) ROM
b) RAM
c) DVD
d) Hard Disk

Answer : B

Question : What are the two ledgers that is by default provided by tally?
a) Cash a/c & Bank a/c
b) Bank a/c & P/L a/c
c) Cash a/c & P/L a/c
d) None of the above

Answer : C

Question :  Increases in Income or Profits are?
a) debits
b) credits
c) Both
d) None

Answer : B

Question : Create a new company in Tally from Company Info. menu is possible by selecting:
a) New Company
b) Start Company
c) Create
d) Create Company

Answer : D

Question :  The basic goal of computer process is to convert data into
a) Graphs
b) Files
c) Tables
d) Information

Answer : D

Question : The return of income is to be furnished in
a) ITNS281
b) Form 26AS
c) Form26Q
d) ITR 1 – to 7 (as the case may be)

Answer : D

Question :  Which one of these stores more data than a DVD ?
a) CD Rom
b) Floppy
c) Blue Ray Disk
d) Red Ray Disk

Answer : C

Question : Where do we record transactions of Salary, Rent paid?
a) Contra
b) Journal
c) Receipt
d) Payment

Answer : D

Question : What is the Short-cut key for quitting tally?
a) Alt + Ctrl + Q
b) Alt + Q
c) Ctrl + Q
d) Alt + F2 + Q

Answer : B

Question :  The printed output from a computer is called:
a) Copy
b) Soft Copy
c) Hard Copy
d) Paper

Answer : C

Question : Which shortcut key to zoom in Tally?
a) Alt+P
b) Alt+Z
c) Alt+Ctrl+Z
d) None of these

Answer : B

Question : Use of computers in any database oriented application has........... basic requirements.
a) two
b) three
c) four
d) None of these

Answer : C

Question : Software which is used to translate or interpret the program is ................. .
a) system software
b) application software
c) language processor
d) microprocessor

Answer : C

Question : ............... is an interactive link between the user and database oriented software through which user communicates to the back-end database.
a) Front-end database
b) Data processing
c) Reporting system
d) None of the above

Answer : A

Question :  ______ are words that a programming language has set aside for its own use. 
a) Control words
b) Control structures
c) Reserved words
d) Reserved keys
(e) None of the above

Answer : C

Question : Number of digit in a PAN card is:
a) 7
b) 9
c) 10
d) 8

Answer : C

Question :  _______ represents raw facts, whereas ______ is data made meaningful.
a) Information, reporting
b) Data, information
c) Information, bits
d) Records, bytes

Answer : B

Question : For Bad Debt Recovery which group required to be selected
a) Indirect income
b) Direct income
c) Direct expenses
d) Indirect expenses

Answer : A

Question : All payments are entered under Accounting Voucher in Tally through
a) F5
b) F6
c) F7
d) F8

Answer : A

Question :  A central computer that holds collections of data and programs for many PCs, workstations and other computers is a(n) ______
a) Server
b) Laptop
c) Minicomputer
d) Supercomputer

Answer : C

Question : Which Shortcut key is used to create a new company in Tally?
a) Ctrl+F3
b) Alt+F3
c) Ctrl+F4
d) Alt+F4

Answer : B

Question :  Arrange in ascending order the units of memory TB, KB, GB, MB:
a) TB>MB>GB>KB
b) MB>GB>TB>KB
c) TB>GB>MB>KB
d) GB>MB>KB>TB

Answer : C

Question : In Tally functions of F3 button
a) To close the company
b) To select the different company
c) To change the current date
d) To select the company

Answer : B

Question : What does tally run on?
a) Windows
b) Tally Solutions
c) ERP Module
d) Tally Gold Edition

Answer : A

Question :  Software are:
a) 5 types
b) 6 types
c) 4 types
d) 8 types

Answer : A

Question : The option used in Tally to close opened Company is:
a) Alter Company
b) Close Company
c) Shut Company
d) Exit Company

Answer : C

Question :  Super computer developed by Indian scientists
a) Blue Gene
b) Param
c) Super301
d) Compaq Presario

Answer : B

Question : A report generator is used to
a) Delete files
b) Print files on paper.
c) Data entry.
d) Update files

Answer : B

Question : Multiple godown are activated from
a) F11
b) F11>F1
c) F11>F2
d) F11>F3

Answer : C

Question :  Computer monitor is also known as:
a) DVU
b) UVD
c) VDU
d) CCTV

Answer : C

Question : Related fields in a database are grouped to form a
a) Data file.
b) Data record.
c) Bank.
d) Menu.

Answer : B

Question : To print a voucher from Tally pressing
a) Ctrl+P
b) Shift +P
c) Alt +P
d) Ctrl+Alt +P

Answer : C

Question : Which one from the following options is the acknowledgement of filing the return of income?
a) ITR4
b) ITR – V
c) Form26AS
d) Form 26QB

Answer : B

Question : We deduct ----- after computing tax liability, to determine the actual tax payment.
a) Advance tax
b) TDS
c) TCS
d) Both i & ii

Answer : D

Question : What is the short-cut to copy text from Tally?
a) Ctrl + Alt + C
b) Alt + C
c) Ctrl + Shift + C
d) Alt + Shift + C

Answer : A