G-Tec Education: Module - I Ms Office I.Choose The Correct Answer. Each Carries 1 Mark. (5 X 1 5)

G-TEC EDUCATION
ISO 9001:2015 CERTIFIED

DIPLOMA IN INDIAN AND FOREIGN ACCOUNTING (DIFA)- ONLINE
Exam Code: G-DIFA /IAB/MQP-ONLINE/180920

Total Time: 1 Hr. Total. Marks: 50
MODULE - I
MS OFFICE
(Max. Marks: 5)
I.Choose the correct answer. Each carries 1 mark. (5 x 1 = 5)
1. How many different positions can you set for drop cap?
(a) Two (b) Three (c) Four
2. What does ‘Ctrl + =’ key effect, in MS Word?
(a) Superscript (b) Subscript (c) All Caps
3. _________ is the keyboard shortcut for creating a chart from the selected cell range.
(a) F2 (b) F9 (c) F11
4. _________ is the shortcut key used to make a text bold.
(a) Ctrl + B (b) Ctrl + I (c) Ctrl + U
5. When sending an e-mail, the __________ line describes the contents of the message.
(a) To (b) Contents (c) Subject
MANUAL ACCOUNTING
(Max. Marks:5)
II.Choose the correct answer. Each carries 1 mark. (5 x 1 = 5)
6. ___________ are the total amount of goods procured by a business on credit and for cash.
(a) Sales (b) Purchase (c) Stock
7. _______is the book in which all the accounts are maintained.
(a) Journal (b) Ledger (c) Balance Sheet
8. The excess of revenue of a period over its related expenses during an accounting year are
termed as _________.
(a) Profit (b) Loss (c) Debt
9. _______ is the deduction in the price of goods on sale.
(a) Expenses (b) Losses (c) Discount
10. ___________ accounts are the accounts of persons with whom the business is required to
deal with.
(a) Real (b) Personal (c) Nominal
MODULE - II
TALLY
(Max. Marks: 10)
III.Choose the correct answer. Each carries 1 mark. (6 x 1 = 6)
11. ____________ is an example of Inventory voucher.
(a) Contra (b) Stock Journal (c) Receipt
12. The function key for Delivery note voucher is _____________.
(a) Alt + F7 (b) Alt + F8 (c) Alt + F9
13. GST was introduced as the __________amendment act.
(a) 100 (b) 101 (c) 104
14. The key combination for Auto value calculator is __________.
(a) Alt + N (b) Alt + C (c) Alt + A
G-DIFA /IAB/MQP-ONLINE/180920 1
G-TEC EDUCATION
15. Default Godown name is _________.

(a) Storage Location (b) Sales department (c) Main Location
16. Where do we record all types of adjustment entry in Tally?
(a) Contra (b) Payments (c) Journal
IV.Choose the correct answer. Each carry 2 mark. (2 x 2 = 4)
17. Rahul traders are registered under GST, and the company is liable to pay the Integrated tax
of Rs. 5,000 to the department, after adjusting the input tax credit of Rs. 2,000, determine
the tax payable to the department.
(a) 7000 (b) 3000 (c) 2000
18. What is the function of Credit Days provided to a customer?
(a) It allows a period during which payment can be made without any penalty.
(b) The number of credit days gets added to the pending amount
(c) Credit days cannot be given to a customer
SAGE 50 (PEACHTREE)
(Max. Marks: 5)
V.Choose the correct answer. Each carries 1 mark. (5 x 1 = 5)
19. Time Expenses is related with ___________.
(a) Customer (b) Vendor (c) Employee
20. In Sage 50, how many digits does a simplified chart of accounts use?
(a) Two (b) Three (c) Four
21. When recording the chart of accounts, the field you use to classify financial statement
accounts is called____________.
(a) Account type (b) Account description (c) Account ID
22. Vendor’s credit note is mainly used for __________.
(a) Purchase (b) Purchase return (c) Sales
23. Sales tax can be created from __________________ menu.
(a) Maintain (b) Task (c) Option
QUICKBOOKS
(Max. Marks: 5)
VI.Choose the correct answer. Each carries 1 mark. (5 x 1 = 5)
24. Purchase return process can be done in QuickBooks through __________.
(a) Vendor credit memos (b) Pay Bill (c) Enter Bill
25. Receive Payment’ feature in QuickBooks are mainly used for __________.
(a) Invoice Receipt (b) Cash sales (c) Payment to vendors
26. ____________ feature in QuickBooks is similar to Contra entry in Tally.
(a) Use Register (b) Transfer Fund (c) Write check
27. The shortcut key CTRL + J is mainly used for creating __________.
(a) Invoice (b) Customers (c) Vendors
28. ‘Enter Sales Receipt’ feature in QuickBooks are mainly used for _____________.
(a) Receipt (b) Cash sales (c) Sales return
G-TEC EDUCATION
MODULE - III
E- ACCOUNTING (ERP, E-Filing, E-Business, e-CRM)
(Max. Marks: 20)
VII.Choose the correct answer. Each carry 1 mark. (10 x 1 = 10)
29. The first forms of ERP came into existence in the Gartner Group in ____________.
(a) 1989 (b) 1990 (c) 1993
30. ___________ uses array-based multidimensional storage engines for multidimensional views
of data.
(a) MOLAP (b) ROLAP (c) Hybrid OLAP
31. The process of buying, selling and exchanging products or information via computer
networks and the internet are termed as __________.
(a) E-CRM (b) E-Commerce (c) E- Transaction
32. ____________ type of e-business category refers to commerce between two businesses
rather than to commerce between a business and an individual consumer.
(a) B2A (b) B2B (c) B2C
33. ___________ is the electronic storage of a large amount of information by a business.
(a) BPR (b) Data warehousing (c) Data Mining
34. The revenue charged on consumption of goods and services at their point of purchase is
termed as _________.
(a) GST (b) Income (c) TDS
35. E-money, also known as _________.
(a) Digital money (b) Effective Money (c) Earned Money
36. _________ is a collection of tools that enables you to meet and exceed customer
expectations.
(a) e-CRM (b) e-Banking (c) e-Money
37. _________ introduced the concept of relationship marketing in 1983.
(a) Paul Greenberg (b) Leonard Berry (c) David Chaum
38. _________ allows banks to track the payment throughout the economy.
(a) Unidentified money (b) Identified E-money (c) E-currency
VIII.Choose the correct answer. Each carry 2 mark. (5 x 2 = 10)

39. OLAP is_____________.
(a) based on the multidimensional data model. It allows managers, and analysts to get an
insight of the information through fast, consistent, and interactive access to information.
(b) placed between relational back-end server and client front-end tools.
(c) uses array-based multidimensional storage engines for multidimensional views of data.
40. The Materials Management module____________.
(a) ensures that an organization, product or service is consistent.
(b) consists of all master data, system configuration, and transactions to complete the
Procure to Pay process.
(c) Is to keep pace with rapid changes in the business world, companies need an integrated
and flexible enterprise system that supports all aspects of their business with state-of-
the-art functionality.
G-TEC EDUCATION
41. An e-business is defined as______________.

(a) a commercial relationship business to business based on the use of a numerical support
for the exchange of information
(b) a process used by companies to collect payments via the internet, direct dial access,
ATM or other electronic method.
(c) a business which uses the internet to sell goods or services, especially one which does
not also have shops or offices that people can visit or phone.
42. Which one of the following is NOT a benefit of e-business?
(a) Lower Establishment Cost.
(b) Consumer segmentation.
(c) Personalized Shopping Experience.
43. What is an e-payment system?
(a) An e-payment system is used for non-reversible transactions, such as those drawn
through a bank.
(b) An e-payment system is used to access your bank account and carrying out financial
transactions through the internet on your smartphone, tablet or computer
(c) An e-payment system is a way of making transactions or paying for goods and services
through an electronic medium, without the use of checks or cash.
“The IAB has reviewed this examination paper and confirms that, in terms of the level and demand
of the set tasks/questions and also syllabus coverage, it is considered to be entirely appropriate for
use with this programme.”
Janet Jack
Chief Executive, IAB
Suite 5, 20 Churchill Square, Kings Hill, West Malling, Kent ME19 4YU

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G-TEC EDUCATION

ISO 9001:2015 CERTIFIED

Exam Code: G-DIFA /IAB/MQP-ONLINE/180920

15. Default Godown name is _________.

VIII.Choose the correct answer. Each carry 2 mark. (5 x 2 = 10)

41. An e-business is defined as______________.

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