1. ________ ledger is used to create TAX
a) Purchase A/C
b) Sales A/C
c) Sales Tax
d) VAT
Answer: C

2. Alt + F2 Shortcut Is Used For_______
a) Change Period
b) Company Creation
c) Accounting Vouchers
d) Display
Answer: A

3. Analysis Category does support maximum of _______ levels.
a) 2 levels
b) 5 levels
c) 7 levels
d) 9 levels
Answer: B

4. Cash withdrawan from Bank'- the document type we use to pass this entry is_______
a) Cash Deposit
b) Bank Deposit
c) Cash Transfer
d) Cash Withdrawal
Answer: D

5. Enable Tax Collected At Source Option Is Under_______
a) F1
b) F2
c) F3
d) NONE
Answer: C

6. Enable Tax Deducted At Source Option Is Under_______
a) F1
b) F2
c) F3
d) NONE
Answer: C

7. Enable Value Added Tax Option Is Under_______
a) F1
b) F2
c) F3
d) NONE
Answer: C

8. Ex-NGN does support maximum financial duration of a company_______
a) 12 months
b) 18 months
c) 24 months
d) None of these
Answer: B

9. Follow Excise Rules For Invoicing Is Under_______
a) F11
b) F10
c) F3
d) NONE
Answer: C

10. Form 16a Is A Statement Of Tds Which Is Applied For_______
a) Salaried person
b) Non Salaried person
c) Director
d) Managing Director
Answer: B

11. You have to create standard narration_______
a) Press Ctrl + R
b) Setup > Narration
c) Press F2
d) None of these
Answer: B

12. From under which group you have to create sundry debtors subgroup?
a) Assets
b) Current assets
c) Liablilities
d) Fixed assets
Answer: B

13. From which Menu you can create charges?
a) Edit
b) Activities
c) Setup
d) View
Answer: C

14. From which Menu you can create voucher entry?
a) Setup
b) Edit
c) Activities
d) View
Answer: C

15. From which menu you have to create custom field?
a) Setup
b) Activities
c) View
d) Company
Answer: A

16. From which menu you have to create register column?
a) company
b) Edit
c) Setup
d) Activities
Answer: C

17. From which Menu you will see profit & loss report?
a) Setup
b) Reports
c) Activities
d) Company
Answer: B

18. From which menu you will see supplier reports?
a) activities
b) Setup
c) Company
d) Reports
Answer: D

19. Full form of MBP_______
a) Multiple Bnak payable
b) Multiple Bank Payment
c) Multiple Bank Purchase
d) none of these
Answer: B

20. How many bank ledger can be selected in Multiple Bank Payment Document_______
a) 1
b) 2
c) Unlimited
d) None of these
Answer: A