Computerized Accounting MCQs with answers Page - 9

Here, you will find a collection of MCQ questions on Computerized Accounting. Go through these questions to enhance your preparation for upcoming examinations and interviews.

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Q. What does the Balance Sheet show in accounting software?

  • (A) Only incomes
  • (B) Only expenses
  • (C) Assets and liabilities
  • (D) Only bank balances

A

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Q. Which field in Tally is mandatory while creating a new ledger?

  • (A) Mailing name
  • (B) Mobile number
  • (C) Under group
  • (D) Opening stock

A

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Q. Which report in accounting software shows all accounting entries chronologically?

  • (A) Ledger
  • (B) Trial Balance
  • (C) Day Book
  • (D) Balance Sheet

A

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Q. Which of the following is not a real-time benefit of computerized accounting?

  • (A) Instant report generation
  • (B) Live data access
  • (C) Manual calculations
  • (D) Immediate transaction recording

A

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Q. What is the function of the Trial Balance in accounting software?

  • (A) To show profits
  • (B) To track payments only
  • (C) To ensure debit and credit totals match
  • (D) To store inventory data

A

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Q. Which of the following software is open-source accounting software?

  • (A) Tally
  • (B) Busy
  • (C) GnuCash
  • (D) Zoho Books

A

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Q. Which is the correct sequence of computerized accounting process?

  • (A) Input → Process → Output
  • (B) Output → Input → Process
  • (C) Process → Input → Output
  • (D) Store → Input → Output

A

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Q. Which statement is generated to show income and expenditure of a firm?

  • (A) Cash Flow Statement
  • (B) Income Statement
  • (C) Balance Sheet
  • (D) Bank Reconciliation Statement

A

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Q. Which module in accounting software is used to manage taxes like GST or VAT?

  • (A) Banking Module
  • (B) Taxation Module
  • (C) Payroll Module
  • (D) Inventory Module

A

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Q. Which type of entry is recorded using a Receipt Voucher?

  • (A) Money paid
  • (B) Goods sold
  • (C) Money received
  • (D) Inventory adjustment

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