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COPA
COPA Set-1
Using Accounting Software
51

Using Accounting Software MCQ with Answers

51) Which budget is prepared for a very short period?

Current budget

Long term budget

Rolling budget

Short term budget

Answer is:

Current budget

Using Accounting Software MCQ with Answers

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Related Using Accounting Software MCQ with Answers

52) Which ratio evaluate the availability of cash to pay debit?

Activity ratio

Debit ratio

Liquidity ratio

Market ratio

Answer is:

Liquidity ratio

53) Which function key is used to enter payment?

F3

F5

F7

F9

Answer is:

F5

54) Which report displays ledgers and group summary information for the selected cost centre?

Category summary

Cost centre Break-up

Ledger break-up

Group Break-up

Answer is:

Cost centre Break-up

55) Which name indicates the decreasing value of an Asset?

Current asset

Depreciation

Indirect expenses

Sundry debitor

Answer is:

Depreciation

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