Paper 7 Chapter 2 MCQ

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No Question A B C D Ans

From the Following, Which step is not part of Voucher


1 accouting flow? Verification Transaction Trasferring A & C Both D

2 What is the structure of application software Two Tier Four Tier Three Tier Five Tier C
Vouchers are recorded according to Voucher Scientific Chronological Date of
3 ___________ Number orders order Transaction C
In Every Software Process, What is the very first
4 part which is directly related with users? Back End Front End First End Intial End B
Which Voucher type is used for recording fund
transfer from one bank account to another bank Receipt Payment
5 account Contra voucher Voucher Credit Note A

___________ is the chain between User and Application


6 Backend Part of the software process Front End Back End Server Initial End A
From the three layers of software, which layer Operating Database Application
7 stores the data in certain form? Data Layer sytem Layer Layer Layer C
Voucher
8 First Step in the flow of accounting Posting Balancing Transaction Entry C

In which voucher the transactions for entries that Memorandu Contra Payment
9 will not affect the trial balance will be recorded m Voucher Voucher Voucher Journal A
In his workplace an employee Mr.X wants to
maintain a record of physical receipts of goods
purchased from a vendor Mr.G in his
Accounting System.Which Voucher type shall he Delivery
10 use Note Receipt Note Sales Purchase B

Cash Transfer Recording of


Which of the following transactions are not Cash from one all types of
recorded in Voucher Type Contra of the Cash deposit withdrawal location to trading sales
11 Accounting System? in Bank from Bank another by any mode D

In a 3 tier Architecture name the layer that is


reponsible of receiving the inputs from the users Application Database Operating Network
12 and perform certain validations Lyer Layer System Layer Layer A

An Amount of Rs.100/- is to be written off as


same is not recovered from customer since last
three years. Which voucher is best suited for this
13 transaction Journal Sales Contra Debit Note A

Mr.C is a software developer associated with a


company for which he developed application
software. The developed software is needed to
be installed on hard disc of every computer used
by users one by one. Which of the following Web OS Installed Cloud
14 application is developed by him? Appplcation Application Application Application C
Credit
Which of the followiing is an example for non Ledger
15 Master Data Date of Birth Name Voucher Type Age D
Mr A after conduction the physical verification of
the stock items as a part of Audit want to make
necesssary corrections. Which of the following Stock Delivery
16 voucher type will be used? Journal Note Physical Stock Receipt Note C
Application
17 _______ is meant for handling and storing data Front End Back End Server Initial End B
Which component needs to have an
understanding about user language and Application
18 technical language Front End Back End Server Initial End A
Which of the following is termed as bar code for Business Data
19 reporting Intelligence Analytics XBRL MIS C
Which of the following applies statistical
techniques to determine whether hypotheses Exploratory Confirmatory
about a data set are True or False and is Data Data Big Data Qualitative
20 judgemental Analysis Analysis Analytics Analysis B
In installed application the data is in _________
21 control of the users Material General Physical Actual C
___________ is a data analystics method that
uses statistical techniques to determine whether Exploratory Confirmatory
the hypothesis about the a data set is true or Data Data None of the
22 false Analysis Analysis Both A & B above B
Big data Analytics is the analysis of big data
which are structured or unstructures which uses Predictive Machine All of the
23 tools such as________ Data Mining Analysis Learning above D
_____________ is termed as bar codes for None of the
24 reporting XML XBRL MIS above B
Testable
Clear Structured Multilingual business
25 Which of the following is not a feature of XBRL Definitions Reporting Support rules B
___________ describes the goal that
organizations aspire to achieve in their efforts to
ensure that they take steps to comply with laws Regulatory None of the
26 and regulations Compliance Compliance Both A & B above B
In his work place, an employee Mr. X wants to
maintain a record of physical receipts of goods
purchased from a vendor Mr. G in his
Accounting System. Which Voucher type shall Delivery
27 he use? Note Receipt Note Sales Purchase B
Cash transfer Recording of
Which of the following transactions are not Cash from one all types of
recorded in the Voucher Type "Contra" of the Cash deposit withdrawal location to trading sales
28 Accounting System? in bank from bank another by any mode D
A voucher Every
number may voucher type
either have Voucher shall have a
Voucher prefix or numbers may separate
Which of the following is not a rule to be followed number must suffix or be numbered numbering
29 while Voucher Numbering? be unique. both. randomly. series. C
Management Balance
Information Sheet and
Report indicating increasing cash sales over a Systems Receipt and Cash and fund Profit/Loss
30 period of time can be best classified as (MIS) payment flow Account A
Extensible Business Reporting Language
31 (XBRL) is used by Regulators Government Companies All of above D
Mr. Rajiv is an accountant of a Pvt. Ltd.
Company, who on behalf of the company takes
care of all the cash deposits and withdrawals in
and from bank respectively. He is making a
voucher for transfer of fund from company’s one
bank account to company’s other bank account.
Which of the following voucher is Mr. Rajiv
32 preparing? Contra Payment Receipt Journal A

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