Computerized Accounting MCQs 2026

New Accounting Model in accounting refers to

1. A statement showing use of allocated funds ✓
2. B modernized government accounting framework in Pakistan ✓
3. C spending on projects and capital works ✓
4. D Accountant General of Pakistan Revenues ✓

Single treasury account in accounting refers to

1. A recognizing expenses when incurred in government ✓
2. B recurrent administrative and operational spending ✓
3. C consolidated government cash management account ✓
4. D office maintaining federal government accounts ✓

Budgetary control in accounting refers to

1. A spending on projects and capital works ✓
2. B comparing actual spending to authorized budget ✓
3. C Accountant General of Pakistan Revenues ✓
4. D tracking resources by purpose in public sector ✓

Public sector accrual in accounting refers to

1. A Accountant General of Pakistan Revenues ✓
2. B tracking resources by purpose in public sector ✓
3. C consolidated government cash management account ✓
4. D recognizing expenses when incurred in government ✓

Development expenditure in accounting refers to

1. A office maintaining federal government accounts ✓
2. B spending on projects and capital works ✓
3. C modernized government accounting framework in Pakistan ✓
4. D comparing actual spending to authorized budget ✓

Non-development expenditure in accounting refers to

1. A recurrent administrative and operational spending ✓
2. B tracking resources by purpose in public sector ✓
3. C consolidated government cash management account ✓
4. D statement showing use of allocated funds ✓

AGPR in accounting refers to

1. A modernized government accounting framework in Pakistan ✓
2. B Accountant General of Pakistan Revenues ✓
3. C comparing actual spending to authorized budget ✓
4. D recognizing expenses when incurred in government ✓

Controller general accounts in accounting refers to

1. A consolidated government cash management account ✓
2. B statement showing use of allocated funds ✓
3. C office maintaining federal government accounts ✓
4. D spending on projects and capital works ✓

Fund accounting government in accounting refers to

1. A comparing actual spending to authorized budget ✓
2. B recognizing expenses when incurred in government ✓
3. C recurrent administrative and operational spending ✓
4. D tracking resources by purpose in public sector ✓

Government accounting scenario 7: a Pakistani federal ministry must correctly handle New Accounting Model transition

1. A debit and credit both affected so the equation stays balanced ✓
2. B ignore the transaction until next fiscal year ✓
3. C record only one side of the entry ✓
4. D post directly to retained earnings without analysis ✓

ERP system in accounting refers to

1. A automatic import of bank transactions ✓
2. B popular accounting software used in South Asia ✓
3. C integrated software managing business processes ✓
4. D record of all system entries for review ✓

General ledger module in accounting refers to

1. A central module recording all account balances ✓
2. B accounting software hosted on remote servers ✓
3. C SME accounting software package ✓
4. D restricting functions by user role and password ✓

Subsidiary ledger in accounting refers to

1. A popular accounting software used in South Asia ✓
2. B record of all system entries for review ✓
3. C detailed ledger supporting control account ✓
4. D processing grouped entries together in system ✓

Automated bank feed in accounting refers to

1. A SME accounting software package ✓
2. B restricting functions by user role and password ✓
3. C automatic import of bank transactions ✓
4. D integrated software managing business processes ✓

Cloud accounting in accounting refers to

1. A record of all system entries for review ✓
2. B accounting software hosted on remote servers ✓
3. C processing grouped entries together in system ✓
4. D central module recording all account balances ✓

Tally in accounting refers to

1. A restricting functions by user role and password ✓
2. B popular accounting software used in South Asia ✓
3. C integrated software managing business processes ✓
4. D detailed ledger supporting control account ✓

QuickBooks in accounting refers to

1. A processing grouped entries together in system ✓
2. B central module recording all account balances ✓
3. C automatic import of bank transactions ✓
4. D SME accounting software package ✓

Audit trail report in accounting refers to

1. A integrated software managing business processes ✓
2. B detailed ledger supporting control account ✓
3. C accounting software hosted on remote servers ✓
4. D record of all system entries for review ✓

User access controls in accounting refers to

1. A central module recording all account balances ✓
2. B restricting functions by user role and password ✓
3. C automatic import of bank transactions ✓
4. D popular accounting software used in South Asia ✓

Batch posting in accounting refers to

1. A detailed ledger supporting control account ✓
2. B accounting software hosted on remote servers ✓
3. C SME accounting software package ✓
4. D processing grouped entries together in system ✓