CFA (Certificate in Financial Accounting)

BS-CFA Online MOCK TEST (SET-1)

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Student Information





Question No. 1

Every business needs to register in the GST regime, irrespective of the turnover.



Question No. 2

You can export Master from one company to another, using __________ format.





Question No. 3

All Tax burden on goods and services is to be created by _______.





Question No. 4

How many types of Masters are available in Tally?





Question No. 5

The Stock Summary report helps you to find the profitability of the stock by pressing the F7 key.




Question No. 6

An entry recorded in the ________ voucher, does not affect the books of account.






Question No. 7

A Ledger is also known as the principal books of entry.




Question No. 8

To make TDS payment form Tally you need o click _________ in Payment Voucher






Question No. 9

While saving Sales Transaction from Patana to Gaya with IGST, the user gets an error. What would be the main reason for the error?






Question No. 10

While creating a Basic Salary Pay head under Payroll we need to select the pay head type as






Question No. 11

The GST feature in Tally.ERP9 is available in the ___________






Question No. 12

Zero valued entries are used when you deliver goods as replacements or free samples.




Question No. 13

Creating a Master is a one-time activity in Tally




Question No. 14

Tally.Net user can login using his/her __________






Question No. 15

To delete any type of ledger, you need to go to line ________ mode.






Question No. 16

To record advance payment for sales, which type of adjustment method should be used?






Question No. 17

In Tally, the Expat Report under Payroll contains ________






Question No. 18

Goods sold form Patna to Chandigarh (Union territory) will attract _________.






Question No. 19

Which of the following option is usually listed on a stock exchange?






Question No. 20

HSN Code is mandatory on Sales Invoice for each item.




Question No. 21

Ledger under Loans and Liability can be tracked with the bill wise option.




Question No. 22

In the case of Goods, in Tally, the Single Sales Ledger can be used for all types of GST transactions _______






Question No. 23

Salary pay head calculation type can be configured as __________






Question No. 24

You can record a journal voucher to transfer the closing balance of ________ as the opening balance under GST.






Question No. 25

Due date of TDS Payment in case of E-Payment is ______________.






Question No. 26

House Rent Allowance falls under Indirect Expenses.




Question No. 27

Intangible Assets are subject to _________ .






Question No. 28

TDS can be deducted at the time of expense booking and ______________ .






Question No. 29

You have to mention e-way bill threshold limit during every voucher entry.




Question No. 30

The name of a company will be hidden with the asterisk "*" symbols after activating a tally vault. To open and access the company data, you will need to provide the tally vault password.




Question No. 31

The Optional Voucher report can be viewed using ___________.






Question No. 32

__________ are used to set the range of information to be displayed in a report.






Question No. 33

On 13th May, KM Sports ordered 400 sports shoes from your company. for this transaction, you should selected the purchase order.




Question No. 34

A credit is an accounting entry that is made when an asset ________ .





Question No. 35

To create a new security level, go to the Gateway of Tally, press ________ key to see the Company's info, Security Control, and then go to Types of Securities.






Question No. 36

Transfer of possession of goods for time being can be treated as Trade or Business




Question No. 37

A default Godown created in Tally is called as _____________ .






Question No. 38

Enable e-way bill set up in Tally from _________.






Question No. 39

To create a "Tally.NET user", go to the Gateway of Tally and press ______ keys to display Control Centre.






Question No. 40

Tally Data connot be exported in __________ format.






Question No. 41

Human resource and responsibility accounting are newly developed branches of accounting.




Question No. 42

Assets have a debit balance and liabilities have a credit balance.




Question No. 43

Day book allows you to view and select specific voucher type for a particular period.




Question No. 44

Using Raw Material Component and producing finished or semi-finished goods are called as _________ .






Question No. 45

Supply of Goods from Patna to Bhopal is an example of ______.






Question No. 46

Which of the following option links both Producers and Consumers production?






Question No. 47

______ is mandatory to be issued to a supplier in case of TDS deduction.






Question No. 48

TDS can be deducted at the time of expense booking and ______.






Question No. 49

What is used to record a purchase return?






Question No. 50

Tally does not allow you to open multiple companies at the same time.




Question No. 51

Under GST input Tax credit set-off CGST can be adjusted against SGST as well.




Question No. 52

Our current pathway is the destination where the data will be restored.




Question No. 53

A Memo Voucher is a/an ______.






Question No. 54

Which of the following is an example of Delivery Challan?






Question No. 55

Suppose you purchased 500 sports equipment on credit and are yet to make the payment. This purchase should be recorded in which voucher?






Question No. 56

Stock Group and Stock categories under the Inventory master are one and the same.




Question No. 57

If you want to open the Accounting Features screen from Company Features, you should press the ______ key.






Question No. 58

GST was applicable from __________ in India.






Question No. 59

Which is the authenticated website to download the installation file for Tally Prime?






Question No. 60

which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.