FRONT ACCOUNTING

1. Which one of the following is not a standard module in Front Accounting?

Select one:
a) Banking and General Ledger
b) Sales
c) Purchase
d) Expenditure
2. The things which you can buy or sell in the business is called __________
Select one:
a) Inventory
b) Measure
c) Stock in hand
d) Items
3. In Front Accounting, Accounts belong to _______________ .
Select one:
a) Profit & Loss A/c
b) Balance sheet
c) Group
d) Class
4. What are the default Sales type options available in sales pricing?
Select one:
a) Wholesale and Retail
b) Personal selling
c) Direct Marketing
d) Import and Export
5. Display Setup is used to change the
1. Decimal places
2. Date format
3. Separators and other parameters
Select one:
a) 1, 2 and 3
b) 1 and 2
c) None of these
d) 1 and 3
6. In Maintenance panel, the Provision field is used by ___________
Select one:
a) Customers
b) Sales Person
c) Sales Type
d) Sales Admin
7. In which field, should the sales person enter the percentage to get the
commission?

Select one:
a) Break point
b) Provision
c) Fax Number
d) Provision2
8. The setup tab is used for ___________
Select one:
a) Items and Inventory
 b) Company Setting
c) Manufacturing
d) Dimensions
9. In unit of measure, if the base unit is mole, what is the SI abbreviation?
Select one:
a) s
b) m
c) moll
d) Kg
10. Which option is used to transfer money from bank account to cash or
another account?

Select one:
a) Deposits
b) Payments
c) Reconcile Bank Account
d) Bank Account Transfers
11. What is POS?
Select one:
a) Purchase of system
b) Point of Sale
c) Purchase of sale
d) Point of system
12. A product or service that has been bought by an individual or business is
called _____ ?
Select one:
a) Sales
b) Purchase
c) Invoice
d) Suppliers
13. We need to pay the Supplier for the invoice being made.
Select one:
o True
o False
14. We need to have a unique code for creating new GL accounts.
Select one:
o True
o False
15. According to charts of accounts, Land & Building comes under which Group?
Select one:
a) Capital Assets
b) Current Assets
c) Fixed Assets
d) Inventory Assets
16. If the Fiscal year begins from 1st January 2015 to 31st December 2015 and if
the financial year is from 1st April 2016 to 31st March 2017, then how many
months of dummy period need to be created?
Select one:
a) 6
b) 3
c) 2
d) 12
17. Rearrange the following steps that need to be followed for a Purchase Entry.
a) Suppliers invoice
b) Add Suppliers
 c) Receivable note from a Supplier
d) Make Purchase Order Entry
Select one:
a) 2,3,4,1
b) 2,4,3,1
c) 1,2,3,4
d) 4,3,2,1
18. What has to be assigned for every tax used in the business of a company?

Select one:
a) GL groups
b) None of them
c) GL classes
d) GL accounts
19. When will the sales person gets the commission of the Provision2 field?
Select one:
a) None of them
b) If the sales amount is zero
c) If the sales amount is below the breakpoint
d) If the sales amount exceeds the breakpoint
20. Select the correct order for the flow for a Sales Quotation entry.
1. Sales Entry
2. Setup Sales
3. Setup customers
4. Sales Areas
Select one:
a) 2,1,4
b) 1,3,4
c) 1,3,2
d) 4,3,1
21. Select the correct order for the flow for a Sales Quotation entry.
1. Sales Entry
2. Setup Sales
3. Setup customers
4. Sales Areas
Select one:
a) 2,1,4
b) 1,3,4
c) 1,3,2
d) 4,3,1

22.According to charts of accounts, Land & Building comes under which Group?
Select one:
a) Capital Assets
b) Current Assets
c) Fixed Assets
d) Inventory Assets