In a computerized accounting system, a voucher is: MCQ with Answer and Explanation

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In a computerized accounting system, a voucher is:

A. A physical paper document

B. A screen to input transaction data

C. A printed report

D. A type of software

Answer: Option B

Solution (By JKSSB Mock Tests)

In accounting software, voucher refers to the data entry form for recording transactions.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Question #1

The 'Receipts and Payments Account' is prepared by:

A. Non-profit organizations

B. Companies

C. Partnership firms

D. Trading concerns

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Correct Answer: Option A

Explanation:
Non-profit organizations prepare Receipts and Payments Account as a summary of cash transactions.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

The 'Impairment of Assets' testing: Goodwill is allocated to:

A. All assets equally

B. Individual assets

C. Cash-generating units (CGUs) or groups of CGUs that are expected to benefit from synergies

D. Parent company only

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Correct Answer: Option C

Explanation:
Goodwill must be tested for impairment at the CGU level.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

Which of the following is not a type of voucher?

A. Supporting voucher

B. Audit voucher

C. Source voucher

D. Accounting voucher

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Correct Answer: Option B

Explanation:
Vouchers are classified as source vouchers (e.g., invoices) and accounting vouchers (e.g., cash, debit, credit, journal). Audit voucher is not a standard type.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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