1.
How will the goods and services be classified under GST regime?
(A)
SAC/HSN Code
(B)
HSN Code
(C)
SAC Code
(D)
GST Code
Answer:
(A)
2.
Can a registered person under Composition Scheme claim input tax credit?
(A)
Yes
(B)
NO
Answer:
(B)
3.
SAC Code Stands for
(A)
Services Accounting Code
(B)
Software Accounting Code
(C)
System Accounting Code
(D)
Service Application Code
Answer:
(A)
4.
How many types of taxes will be in Indian GST?
(A)
2
(B)
3
(C)
4
(D)
5
Answer:
(B)
5.
GST is a consumption of goods and service tax based on
(A)
Dividend
(B)
Destiny
(C)
Duration
(D)
Destination
Answer:
(D)
6.
Which of the following tax is not subsumed in Gst ?
(A)
Stamp Duty
(B)
Entertainment Tax
(C)
VAT
(D)
Entry Tax
Answer:
(A)
7.
The value of supply of goods and services shall be the
(A)
Transaction value
(B)
MRP
(C)
Market Value
(D)
None of above
Answer:
(A)
8.
Which one of the following is true?
(A)
A person can collect tax only he is registered
(B)
Registered person not liable to collect tax till his aggregate turnover
exceeds threshold limit
(C)
A person can collect the tax during the period of his provisional
registration
(D)
None of the above
Answer:
(A)
9.
ITC stands for
(A)
Indirect Tax collection
(B)
Input tax credit
(C)
Input tax claim
(D)
Income and tax credit
Answer:
(B)
10.
The following is the value of service under Article 15(1):
(A)
Wholesale cost
(B)
Market price
(C)
Retail price maximum.
(D)
The amount of the transaction
Answer:
(D)
11.
Which one of the below will not be added to supply value?
(A)
GST
(B)
Interest
(C)
Late fee
(D)
Commission
Answer:
(A)
12.
The IGST Act of 2017 covers the whole country.
(A)
India as a whole, except Jammu and Kashmir.
(B)
India as a whole
(C)
India as a whole, except Jammu and Kashmir and Pondicherry.
(D)
None of the preceding
Answer:
(B)
13.
Which of the below import duties would be imposed?
(A)
CGST
(B)
SGST
(C)
IGST
(D)
CGST and SGST
Answer:
(C)
14.
Who will announce the rate of taxation to be imposed underneath the CGST
Act?
(A)
The Federal Government
(B)
State Administration
(C)
GST Commission
(D)
Central And state, following the GST Council’s proposals
Answer:
(D)
15.
What duties are taxes on intra-State supplies?
(A)
CGST
(B)
SGST
(C)
CGST and SGST
(D)
IGST
Answer:
(C)
16.
10. GST stands for Goods and Services Tax, and it is a tax system that
covers a wide range of
(A)
Goods
(B)
Services
(C)
Goods, companies and imports
(D)
Products, systems, and exports
Answer:
(C)
17.
A supplier that consists of two or even more services would be classified
as the provision that describes the variables that are subject to a higher rate
of taxation.
(A)
Composite
(B)
Mixed
(C)
Both (a) and (b)
(D)
None of the above
Answer:
(B)
18.
GST is imposed on the production of all services and goods, except…..
(A)
Liquor intended for human ingestion
(B)
Tobacco
(C)
Health care service
(D)
All of the above.
Answer:
(A)
19.
Which one of the below taxes is included in the GST?
(A)
Central sales tax
(B)
Central excise duty
(C)
VAT
(D)
All of the above
Answer:
(D)
20.
What does “I” in IGST stands stand for?
(A)
Internal
(B)
Integrated
(C)
Internal
(D)
Intra
Answer:
(B)
21.
GST rates applicable on goods and services are:
(A)
0% 5% 12% 18% 26%
(B)
0% 6% 12% 18% 28%
(C)
0% 5% 12% 18% 28%
(D)
0% 5% 12% 16% 28%
Answer:
(C)
22.
The maximum rate applicable for SGST/UTGST is?
(A)
28
(B)
14
(C)
20
(D)
30
Answer:
(C)
23.
The maximum rate for CGST is?
(A)
28
(B)
12
(C)
18
(D)
20
Answer:
(D)
24.
The number of structures in India’s GST model is?
(A)
6
(B)
4
(C)
3
(D)
5
Answer:
(B)
25.
GST is a consumption of goods and service tax based on
(A)
Development
(B)
Dividend
(C)
Destiny
(D)
Destination
Answer:
(D)
26.
In India, the GST is based on the dual model GST adopted in:
(A)
UK
(B)
Canada
(C)
USA
(D)
Japan
Answer:
(B)
27.
GST was implemented in India from
(A)
1st January 2017
(B)
1st April 2017
(C)
1st March 2017
(D)
1st July 2017
Answer:
(D)
28.
What is the full form of GST?
(A)
Goods and Supply Tax
(B)
Goods and Services Tax
(C)
General Sales Tax
(D)
Government Sales Tax
Answer:
(B)
29.
Which option is used to open company created in Tally?
(A)
Alter
(B)
Shut Company
(C)
Create Company
(D)
Select Company
Answer:
(D)
30.
To save entry without any amount, we have to use
(A)
Allow O value entry
(B)
Use Rej. Notes
(C)
Maintain Multiple godown
(D)
Cost Center
Answer:
(A)
31.
FUNCTION KEY TO SELECT CONTRA VOUCHER IS
(A)
F4
(B)
F8
(C)
F9
(D)
F7
Answer:
(A)
32.
FUNCTION KEY TO SELECT SALES VOUCHER IS
(A)
F8
(B)
F9
(C)
F4
(D)
F3
Answer:
(A)
33.
FUNCTION KEY TO SELECT PURCHASE VOUCHER IS
(A)
F8
(B)
F9
(C)
F4
(D)
F3
Answer:
(B)
34.
FUNCTION KEY FOR PAYMENT VOUCHER IS
(A)
F3
(B)
F4
(C)
F5
(D)
F6
Answer:
(C)
35.
FUNCTION KEY FOR RECEIPT VOUCHER IS
(A)
F3
(B)
F4
(C)
F5
(D)
F6
Answer:
(D)
36.
TO SEE ANY REPORT IN DETAILED WAY, PRESS
(A)
ALT + F2
(B)
F2
(C)
ALT + C
(D)
ALT + F1
Answer:
(D)
37.
THE SHORT KEY FOR CHANGING PERIOD IN TALLY IS
(A)
ALT + F3
(B)
ALT + F2
(C)
CTRL + F1
(D)
CTRL + F2
Answer:
(B)
38.
CALCULATOR AREA CAN BE ACTIVATED USING
(A)
ALT + F2
(B)
CTRL + M
(C)
CTRL + N
(D)
ALT + M
Answer:
(C)
39.
F2 IS USED FOR
(A)
CHANGING CURRENT DATE
(B)
CHANGING CURRENT PERIOD
(C)
CHANGE THE VOUCHER
(D)
SELECT PAYMENT VOUCHER
Answer:
(A)
40.
F10 IS THE SHORT KEY FOR ________ VOUCHER
(A)
PAYMENT
(B)
MEMO
(C)
RECEIPT
(D)
PURCHASE
Answer:
(B)
41.
F12 BUTTON IS USED TO SELECT ________ OPTION
(A)
SELECT COMPANY
(B)
MORE FEATURES
(C)
INVENTORY
(D)
CONFIGURATION
Answer:
(D)
42.
WHICH SHORTCUT KEY IS PRESSED FOR VOUCHER ENTRY OR DELETING A LEDGER
(A)
ALT + A
(B)
ALT + C
(C)
ALT + X
(D)
ALT + D
Answer:
(D)
43.
WHICH SHORTCUT KEY IS PRESSED TO CREATE A NEW LEDGER DURING VOUCHER ENTRY
(A)
ALT + C
(B)
ALT + X
(C)
ALT + D
(D)
ALT + A
Answer:
(A)
44.
IN WHICH VOUCHER TYPE CREDIT SALES IS RECORDED IN TALLY
(A)
F5:PAYMENT
(B)
F6:RECEIPT
(C)
F7:JOURNAL
(D)
F8:SALES
Answer:
(D)
45.
WHERE DO WE RECORD ALL TYPE OF ADJUSTMENT ENTRY IN TALLY
(A)
F5:PAYMENT
(B)
F6:RECEIPT
(C)
F7:JOURNAL
(D)
F4:CONTRA
Answer:
(C)
46.
WHICH SHORTCUT KEY IS USED TO SHUT OPENED COMPANY IN TALLY
(A)
F1
(B)
ALT + F1
(C)
F3
(D)
ALT + F3
Answer:
(B)
47.
WHICH SHORTCUT KEY IS USED FOR SELECT COMPANY IN TALLY
(A)
F1
(B)
ALT + F1
(C)
F3
(D)
ALT + F3
Answer:
(A)
48.
WHICH SHORTCUT KEY IS USED TO TAKE PRINT OF ANY REPORT IN TALLY
(A)
CTRL + P
(B)
SHIFT + P
(C)
ALT + P
(D)
ALT + CTRL + P
Answer:
(C)
49.
WHICH OPTION IS USED TO EXIT TALLY
(A)
EXIT
(B)
CLOSE
(C)
QUIT
(D)
SHUT COMPANY
Answer:
(C)
50.
WHICH SHORTCUT KEY IS USED TO VIEW CONFIGURE IN TALLY
(A)
F10
(B)
F11
(C)
F12
(D)
ALT + F9
Answer:
(C)
51.
WHICH SHORTCUT KEY IS PRESSED TO CREATE A NEW COMPANY IN TALLY
(A)
F3
(B)
ALT + F3
(C)
F2
(D)
ALT + F2
Answer:
(B)
52.
TO CREATE A SALES VOUCHER IN TALLY, YOU HAVE TO PRESS _______
(A)
F5
(B)
F7
(C)
F8
(D)
F9
Answer:
(C)
53.
THE SHORTCUT USED FOR SALES ORDER IS
(A)
ALT + F4
(B)
ALT + F5
(C)
ALT + F7
(D)
ALT + F8
Answer:
(B)
54.
TO CREATE PURCHASE ORDER PRESS
(A)
ALT + F4
(B)
CTRL + F4
(C)
F4
(D)
NONE OF THESE
Answer:
(A)
55.
TO PRINT A VOUCHER FROM TALLY WE NEED TO PRESS
(A)
CTRL + P
(B)
SHIFT + P
(C)
ALT + P
(D)
CTRL + ALT + P
Answer:
(C)
56.
THE SHORTCUT USED TO ACTIVATE CALCULATOR IS
(A)
CTRL + N
(B)
CTRL + M
(C)
CTRL + A
(D)
CTRL + B
Answer:
(A)
57.
THE SHORTCUT KEY TO QUIT FROM TALLY IS
(A)
CTRL + L
(B)
CTRL + P
(C)
CTRL + M
(D)
CTRL + Q
Answer:
(D)
58.
F12 IS KNOWN AS
(A)
COMPANY FEATURES
(B)
COMPANY CONFIGURATION
(C)
ACCOUNTING FEATURES
(D)
NONE OF THESE
Answer:
(B)
59.
TO CHANGE CURRENT DATE FROM GATEWAY OF TALLY PRESS THE KEY
(A)
F1
(B)
F5
(C)
F2
(D)
F9
Answer:
(C)
60.
WHICH KEY IS PRESSED TO GO TO GATEWAY OF TALLY FROM COMPANY INFO. MENU
(A)
CTRL
(B)
ALT
(C)
ESC
(D)
ENTER
Answer:
(C)
61.
WHICH SHORTCUT KEY IS PRESSED TO GO TO COMPANY INFO. MENU FROM GATEWAY OF
TALLY
(A)
ALT+F4
(B)
ALT+F2
(C)
ALT+F1
(D)
ALT+F3
Answer:
(D)
62.
CREDIT NOTE IS USED FOR ENTERING
(A)
PURCHASES
(B)
SALES
(C)
PURCHASE RETURN
(D)
SALES RETURN
Answer:
(D)
63.
THE LEFT HAND SIDE OF TALLY SCREEN SHOWS
(A)
CURRENT DATE
(B)
LAST ENTERED VOUCHER
(C)
GATE WAY OF TALLY
(D)
LIST OF SELECTED COMPANIES
Answer:
(D)
64.
CARRIAGE INWARDS CAN BE INCLUDED IN
(A)
DIRECT EXPENSES
(B)
INDIRECT EXPENSES
(C)
CURRENT LIABILITY
(D)
MISC EXPENSES
Answer:
(A)
65.
_______ BUTTON HELPS TO CONNECT DATA FROM SPREAD SHEET OR OTHER APPLICATION
(A)
E-MAIL
(B)
HELP
(C)
EXPORT
(D)
BROWSER
Answer:
(C)
66.
A PERSON WHO OWES MONEY TO THE BUSINESS IS A ________
(A)
DEBTOR
(B)
CREDITOR
(C)
INVESTOR
(D)
SUPPLIER
Answer:
(A)
67.
BANK ACCOUNT IS ________
(A)
PERSONAL ACCOUNT
(B)
REAL ACCOUNT
(C)
NOMINAL ACCOUNT
(D)
INTANGIBLE REAL ACCOUNT
Answer:
(A)
68.
A ______ IS SENT TO THE SELLER WHEN HE IS TAKEN BACK THE SOLD GOODS
(A)
DEBIT NOTE
(B)
CREDIT NOTE
(C)
PROFORMA INVOICE
(D)
BILL
Answer:
(A)
69.
_______ IS THE COLLECTION OF ALL ACCOUNTS
(A)
JOURNAL
(B)
VOUCHER
(C)
INVOICES
(D)
LEDGER
Answer:
(D)
70.
AN ACCOUNT THAT THE USER NEED NOT CREATE IS
(A)
CASH AT BANK
(B)
SUNDRY CREDITORS
(C)
CASH IN HAND
(D)
BALANCE SHEET
Answer:
(C)
71.
COMPANY FEATURES IN TALLY INCLUDES
(A)
ACCOUNTING FEATURES
(B)
INVENTORY FEATURES
(C)
STATUTORY FEATURES
(D)
ALL OF THE ABOVE
Answer:
(D)
72.
A COMPANY CAN BE DELETED ONLY IN
(A)
DISPLAY
(B)
ALTER
(C)
DELETE
(D)
CREATE
Answer:
(B)
73.
VOUCHERS CAN BE DISPLAYED IN
(A)
ACCOUNTS INFO
(B)
DAY BOOK
(C)
INVENTORY INFO
(D)
LEDGER
Answer:
(B)
74.
SALARY COMES UNDER ________ HEAD
(A)
DIRECT EXPENSE
(B)
CURRENT LIABILITY
(C)
INDIRECT EXPENSE
(D)
CURRENT ASSET
Answer:
(C)
75.
A ‘CREDIT NOTE’ IS SENT BY ________ TO ________
(A)
SELLER BUYER
(B)
BUYER SELLER
(C)
CUSTOMER SELLER
(D)
CREDITOR SELLER
Answer:
(A)
76.
‘INVENTORY BOOKS’ IS USED TO VIEW
(A)
STOCK ITEMS
(B)
GROUP SUMMARY
(C)
BOTH A AND B ABOVE
(D)
NONE OF THESE
Answer:
(C)
77.
WHICH OF THE FOLLOWING IS COMPULSORY TO CREATE WHILE ENTRY IN ACCOUNTS WITH
INVENTORY
(A)
STOCK GROUPS
(B)
STOCK ITEMS
(C)
UNITS OF MEASURE
(D)
ALL OF THESE
Answer:
(D)
78.
WHICH OF THE FOLLOWING IS THE PREDEFINED STOCK CATEGORY IN TALLY
(A)
PRIMARY
(B)
SYMBOL
(C)
STOCK
(D)
MAIN LOCATION
Answer:
(A)
79.
WHICH OF THE FOLLOWING SHOWS DAILY BALANCE FOR A SELECTED VOUCHER TYPE
(A)
DAY BOOK
(B)
TRIAL BALANCE
(C)
BALANCE SHEET
(D)
NONE OF THE ABOVE
Answer:
(A)
80.
THE HOME SCREEN OF TALLY IS ALSO KNOWN AS
(A)
MENU BAR
(B)
GATEWAY OF TALLY
(C)
ACCOUNTS INFO
(D)
BUTTON TOOL BAR
Answer:
(B)
81.
ERP STANDS FOR
(A)
ENTERPRISE RESOURCE PLANNING
(B)
ECONOMIC RESOURCE PLANNING
(C)
EFFICIENT RESOURCE PLANNING
(D)
ECONOMIC RESOURCE PROCESSING
Answer:
(A)
82.
SALES RETURN ARE RECORDED IN ________ VOUCHER
(A)
SALES VOUCHER
(B)
DEBIT NOTE
(C)
RECEIPT
(D)
CREDIT NOTE
Answer:
(D)
83.
A TRIAL BALANCE IS A ________
(A)
LEDGER
(B)
JOURNAL
(C)
ACCOUNT
(D)
LIST
Answer:
(D)
84.
_______ GIVES THE BALANCE FOR EACH DAY FOR THE VOUCHER TYPE HAS BEEN
SELECTED
(A)
TRIAL BALANCE
(B)
DAY BOOK
(C)
BALANCE SHEET
(D)
NONE OF THE ABOVE
Answer:
(B)
85.
IN TALLY YOU GET CURRENCY SYMBOL OPTION FROM ________ MENU
(A)
COMPANY CREATION
(B)
STOCK ITEMS UNITS
(C)
REGIONAL SETTING
(D)
NONE OF THE ABOVE
Answer:
(A)
86.
‘TALLY VAULT’ IS A ________
(A)
SECURITY MECHANISM
(B)
LEDGER A/C
(C)
COST CATEGORY
(D)
NONE OF THE ABOVE
Answer:
(A)
87.
DEFAULT ‘GODOWN’ NAME IN TALLY IS ________
(A)
PRIMARY
(B)
MAIN LOCATION
(C)
A OR B
(D)
NONE OF THE ABOVE
Answer:
(B)
88.
THE PROFIT & LOSS STATEMENT CAN BE DISPLAYED IN ________ FORMAT(S).
(A)
HORIZONTAL
(B)
VERTICAL
(C)
A OR B
(D)
NONE OF THE ABOVE
Answer:
(C)
89.
TRANSFER OF MATERIALS FROM ONE GODOWN TO ANOTHER GODOWN, USE
(A)
MANUFACTURING JOURNAL
(B)
STOCK JOURNAL
(C)
PURCHASE JOURNAL
(D)
BOTH A ; B
Answer:
(B)
90.
BRANCH / DIVISION IS A GROUP DEFINED UNDER
(A)
LIABILITIES
(B)
ASSETS
(C)
INCOME
(D)
EXPENDITURE
Answer:
(A)
91.
GOODS RETURNING TO A CREDITOR AFTER CHALLAN BUT BEFORE BILL WE NEED TO PASS
(A)
DEBIT NOTE
(B)
RECEIPT NOTE
(C)
REJECTION OUT
(D)
REJECTION IN
Answer:
(C)
92.
TO HIDE THE NAME OF THE COMPANY YOU NEED TO DEFINE
(A)
SECURITY CONTROL
(B)
TALLY AUDIT
(C)
CREATE AT LEAST ONE USER
(D)
TALLY VAULT PASSWORD
Answer:
(D)
93.
SINGLE ENTRY MODE IS APPLICABLE FOR
(A)
RECEIPT VOUCHER
(B)
CONTRA VOUCHER
(C)
PAYMENT VOUCHER
(D)
ALL OF THESE
Answer:
(D)
94.
TO CREATE MANUFACTURING JOURNAL WHICH OPTION MUST BE ACTIVATED
(A)
USE COMMON NARRATION
(B)
NARRATIONS FOR EACH ENTRY
(C)
PREFILLED WITH ZERO
(D)
USE AS MANUFACTURING JOURNAL
Answer:
(D)
95.
MANUFACTURING JOURNAL CREATES BASED ON
(A)
JOURNAL
(B)
RECEIPT NOTE
(C)
STOCK JOURNAL
(D)
PURCHASE QUOTATION
Answer:
(C)
96.
SUSPENSE ACCOUNT GROUP IS DEFINED UNDER
(A)
INCOME
(B)
EXPENDITURE
(C)
LIABILITIES
(D)
ASSETS
Answer:
(C)
97.
WE CAN SHOW BILL WISE DETAILS OF DEBTORS AND CREDITORS BY ACTIVATING
(A)
MAINTAIN BILL BY BILL
(B)
MAINTAIN BILL WISE DETAILS
(C)
MAINTAIN REFERENCES
(D)
NONE OF THESE
Answer:
(B)
98.
WHICH OPTION IS USED TO VIEW STOCK ITEMS OR GROUP SUMMARY
(A)
ACCOUNTS BOOKS
(B)
INVENTORY BOOKS
(C)
STATUTORY BOOKS
(D)
DISPLAY
Answer:
(B)
99.
BY WHICH OPTION PURCHASE OR SALES REGISTER CAN BE VIEWED
(A)
STATUTORY BOOKS
(B)
INVENTORY BOOKS
(C)
ACCOUNTS BOOKS
(D)
DISPLAY
Answer:
(C)
100.
WHICH STEP IS FOLLOWED TO VIEW PURCHASE REGISTER
(A)
GATEWAY OF TALLY > DISPLAY > SALES REGISTER
(B)
GATEWAY OF TALLY > ACCOUNT BOOKS > SALES REGISTER
(C)
GATEWAY OF TALLY > DISPLAY > ACCOUNT BOOKS > PURCHASE REGISTER
(D)
NONE OF THESE
Answer:
(C)
101.
WHERE DO WE RECORD TRANSACTIONS OF SALARY, RENT OR INTEREST PAID
(A)
CONTRA
(B)
JOURNAL
(C)
RECEIPT
(D)
PAYMENT
Answer:
(D)
102.
RS.20,000 WITHDRAWN FROM STATE BANK. IN WHICH VOUCHER TYPE THIS TRANSACTION
WILL BE RECORDED
(A)
PAYMENT
(B)
RECEIPT
(C)
CONTRA
(D)
POST-DATED
Answer:
(C)
103.
BY DEFAULT, WHICH MODE IS ON IN PURCHASE AND SALES VOUCHER
(A)
NORMAL MODE
(B)
ITEM INVOICE MODE
(C)
PARTICULARS MODE
(D)
NONE OF THESE
Answer:
(B)
104.
WHICH OPTION IS TRUE FOR VIEWING PROFIT & LOSS A/C IN GATEWAY OF TALLY
(A)
GATEWAY OF TALLY > REPORTS > PROFIT ; LOSS A/C
(B)
GATEWAY OF TALLY > DISPLAY > PROFIT ; LOSS A/C
(C)
GATEWAY OF TALLY > ACCOUNT BOOKS > PROFIT ; LOSS A/C
(D)
NONE OF THESE
Answer:
(A)
105.
WHICH VOUCHER TYPE IS USED TO TRANSFER AMOUNT FROM ONE BANK TO ANOTHER
(A)
CONTRA
(B)
PAYMENT
(C)
RECEIPT
(D)
POST-DATED
Answer:
(A)
106.
WHICH UNIT IS CREATED FOR STOCK ITEMS LIKE GRAIN, PULSE, SUGAR, OIL, GHEE
ETC.
(A)
LTS
(B)
NOS
(C)
KGS
(D)
BOX
Answer:
(C)
107.
WHICH OPTION IS USED TO MAKE CHANGES IN CREATED GROUPS OF LEDGERS IN TALLY
(A)
CREATE
(B)
DISPLAY
(C)
ALTER
(D)
CHANGE
Answer:
(C)
108.
WHAT IS THE UTILITY OF TALLY VAULT PASSWORD
(A)
IT WILL LOCK THE PERIOD OF COMPANY
(B)
IT WILL LOCK ALL VOUCHER ENTRIES FOR THAT COMPANY
(C)
IT WILL NOT SHOW THE COMPANY NAME IN THE COMPANY SELECT LIST
(D)
NONE OF THESE
Answer:
(C)
109.
PARTY ACCOUNT CAN BE CREATED THROUGH
(A)
GROUP CREATION WINDOW
(B)
LEDGER CREATION WINDOW
(C)
INVENTORY CREATION WINDOW
(D)
ANY ONE OF THEM
Answer:
(B)
110.
WE CAN MODIFY AN EXISTING COMPANY FROM
(A)
COMPANY INFO > ALTER
(B)
COMPANY INFO > ALTER COMPANY
(C)
GATEWAY OF TALLY > MODIFY COMPANY
(D)
NONE OF THESE
Answer:
(A)
111.
COMPANY RESTORE OPTION IS AVAILABLE IN
(A)
COMPANY FEATURES
(B)
COMPANY INFORMATION
(C)
CONFIGURATION
(D)
NONE OF THESE
Answer:
(B)
112.
WHICH OF THE FOLLOWING EQUATION IS TRUE FOR BALANCE SHEET
(A)
ASSETS = LIABILITIES + CAPITAL
(B)
LIABILITIES = ASSETS + CAPITAL
(C)
CAPITAL = ASSETS + LIABILITIES
(D)
ALL OF THESE
Answer:
(A)
113.
WHERE DO WE RECORD PURCHASE RETURN, SALES RETURN, DEPRECIATION, BAD DEBTS
ETC.IN TALLY
(A)
JOURNAL
(B)
PAYMENT
(C)
CONTRA
(D)
RECEIPT
Answer:
(A)
114.
“ALIAS” REPRESENTS
(A)
SHORT NAME
(B)
NICK NAME
(C)
CODE NAME
(D)
ALL OF THESE
Answer:
(D)
115.
SALARY ACCOUNT COMES UNDER WHICH HEAD
(A)
INDIRECT INCOMES
(B)
INDIRECT EXPENSES
(C)
DIRECT INCOMES
(D)
DIRECT EXPENSES
Answer:
(B)
116.
WHICH SUBMENU IS USED TO CREATE NEW LEDGERS, GROUPS AND VOUCHER TYPES IN
TALLY
(A)
ACCOUNT INFO
(B)
INVENTORY INFO
(C)
ACCOUNTING VOUCHERS
(D)
INVENTORY VOUCHERS
Answer:
(A)
117.
WHICH MENU IS USED TO CREATE NEW LEDGERS, GROUPS AND VOUCHER TYPES IN TALLY
(A)
REPORTS
(B)
IMPORT
(C)
TRANSACTIONS
(D)
MASTERS
Answer:
(D)
118.
WHICH LEDGER IS CREATED BY TALLY AUTOMATICALLY AS SOON AS WE CREATE A NEW
COMPANY
(A)
CASH
(B)
PROFIT ; LOSS A/C
(C)
CAPITAL A/C
(D)
A AND B BOTH
Answer:
(D)
119.
HOW MANY GROUPS ARE PRE-DEFINED IN TALLY
(A)
28
(B)
30
(C)
15
(D)
19
Answer:
(A)
120.
WHICH OPTION FROM COMPANY INFO. MENU IS SELECTED TO CREATE A NEW COMPANY IN
TALLY
(A)
COMPANY CREATE
(B)
CREATE COMPANY
(C)
CREATE
(D)
NEW COMPANY
Answer:
(B)
121.
WHICH OPTION IS USED IN TALLY TO MAKE CHANGES IN CREATED COMPANY
(A)
SELECT COMPANY
(B)
SHUT COMPANY
(C)
ALTER
(D)
NONE OF THESE
Answer:
(C)
122.
WHICH MENU APPEARS AFTER STARTING TALLY FOR THE FIRST TIME
(A)
GATEWAY OF TALLY
(B)
COMPANY INFO
(C)
DISPLAY
(D)
NONE OF THESE
Answer:
(B)
123.
IN GENERAL THE FINANCIAL YEAR FROM SHALL BE FROM
(A)
1ST APRIL OF ANY YEAR
(B)
31ST MARCH OF ANY YEAR
(C)
ALL OF THEM ARE TRUE
(D)
NONE OF THESE
Answer:
(A)
124.
WHICH OPTION IS USED IN TALLY TO CLOSE OPENED COMPANY
(A)
ALTER
(B)
SHUT COMPANY
(C)
CREATE COMPANY
(D)
SELECT COMPANY
Answer:
(B)
125.
WHICH OPTION IS USED TO OPEN COMPANY CREATED IN TALLY
(A)
CREATE COMPANY
(B)
ALTER
(C)
SELECT COMPANY
(D)
SHUT COMPANY
Answer:
(C)
126.
WHICH OPTION IS USED TO COPY COMPANY’S DATA INTO PENDRIVE OR CD
(A)
BACKUP
(B)
RESTORE
(C)
SPLIT COMPANY DATA
(D)
COPY DATA
Answer:
(A)
127.
WHICH SHORTCUT KEY IS USED TO VIEW REPORT WITH ALL DETAILS IN TALLY
(A)
F1
(B)
ALT + F1
(C)
F3
(D)
ALT + F2
Answer:
(B)
128.
WHICH SHORTCUT KEY IS USED IN COMPANY FEATURES SCREEN TO USE ACCOUNTING
FEATURES IN TALLY
(A)
F1
(B)
F2
(C)
F3
(D)
F4
Answer:
(A)
129.
A ______ IS SENT TO THE SELLER WHEN HE IS TAKEN BACK THE SOLD GOODS
(A)
DEBIT NOTE
(B)
CREDIT NOTE
(C)
PROFORMA INVOICE
(D)
BILL
Answer:
(D)
130.
MANUFACTURING JOURNAL CREATES BASED ON
(A)
PURCHASE QUOTATION
(B)
STOCK JOURNAL
(C)
RECEIPT NOTE
(D)
JOURNAL
Answer:
(B)
131.
WE CAN CHANGE THE COMPANY INFORMATION FROM
(A)
COMPANY INFO > VIEW
(B)
COMPANY INFO > SPLIT COMPANY DATA
(C)
COMPANY INFO > BACK UP
(D)
COMPANY INFO > ALTER
Answer:
(D)
132.
GOODS RETURNING TO A CREDITOR AFTER CHALLAN BUT BEFORE BILL WE NEED TO PASS
(A)
REJECTION NOTE
(B)
REJECTION IN
(C)
REJECTION OUT
(D)
DEBIT NOTE
Answer:
(C)
133.
TO CREATE PURCHASE ORDER PRESS
(A)
CTRL + F4
(B)
F4
(C)
ALT + F4
(D)
ALT + F3
Answer:
(C)
134.
TO PRINT A VOUCHER FROM TALLY WE NEED TO PRESS
(A)
CTRL + P
(B)
CTRL + ALT + P
(C)
SHIFT + P
(D)
ALT + P
Answer:
(D)
135.
FOR RECONCILIATION OF BANK PRESS
(A)
F5
(B)
F6
(C)
F10
(D)
F12
Answer:
(A)
136.
WE CAN SEE LIST OF MEMORANDUM VOUCHERS FROM
(A)
TRAIL BALANCE
(B)
CASH/BANK BOOKS
(C)
EXCEPTION REPORTS
(D)
ACCOUNT BOOKS
Answer:
(C)
137.
FIND OUT WHICH IS NOT A DEFAULT LEDGER IN TALLY.
(A)
PROFIT AND LOSS
(B)
CASH IN HAND
(C)
CAPITAL ACCOUNT
(D)
NONE OF THESE
Answer:
(C)
138.
THE SHORTCUT USED FOR OPTIONAL VOUCHERS IS
(A)
CTRL + A
(B)
CTRL + N
(C)
CTRL + M
(D)
CTRL + L
Answer:
(D)
139.
TOTAL NUMBER OF LEDGERS, GROUPS, ENTRIES ETC. CAN BE SHOWN FROM
(A)
COMPANY INFORMATION
(B)
TALLY AUDIT
(C)
STATISTICS
(D)
ACCOUTS INFORMATION
Answer:
(C)
140.
THERE ARE ……… PREDEFINED LEDGERS.
(A)
1
(B)
2
(C)
3
(D)
4
Answer:
(B)
141.
THE SHORTCUT USED TO ACTIVATE CALCULATOR IS
(A)
CTRL + M
(B)
CTRL + N
(C)
CTRL + A
(D)
CTRL + M
Answer:
(B)
142.
PARTY ACCOUNT CAN BE CREATED THROUGH
(A)
ANY ONE OF THEM
(B)
GROUP CREATION WINDOW
(C)
INVENTORY CREATION WINDOW
(D)
LEDGER CREATION WINDOW
Answer:
(D)
143.
WHILE EXPORTING LEDGERS FROM TALLY TO WEB PAGE, WE USE
(A)
ASCII FORMAT
(B)
XML FORMAT
(C)
SDF FORMAT
(D)
HTML FORMAT
Answer:
(D)
144.
TO DECLARE A VOUCHER AS POST DATED PRES
(A)
CTRL + D
(B)
CTRL + P
(C)
ALT + T
(D)
CTRL + T
Answer:
(D)
145.
WHAT IS MRP?
(A)
MARKET PRICE
(B)
MARGINAL PRICE
(C)
MAXIMUM RETAIL PRICE
(D)
MINIMUM RETAIL PRICE
Answer:
(C)
146.
F12 IS KNOWN AS
(A)
COMPANY CONFIGURATION
(B)
TAX
(C)
ACCOUNTING FEATURES
(D)
COMPANY FEATURES
Answer:
(A)
147.
BOM REPRESENTS
(A)
BILL OF MAINTENANCE
(B)
BILL OF MATERIALS
(C)
BILLING OF MACHINES
(D)
BILLING OF MACHINE
Answer:
(B)
148.
TO CHANGE CURRENT DATE FROM GATEWAY OF TALLY PRESS THE KEY
(A)
F1
(B)
F2
(C)
F5
(D)
F9
Answer:
(B)
149.
SINGLE ENTRY MODE IS APPLICABLE FOR
(A)
RECEIPT VOUCHER
(B)
PAYMENT VOUCHER
(C)
CONTRA VOUCHER
(D)
ALL OF THESE
Answer:
(D)
150.
SALES TAX LEDGER FALLS UNDER WHICH GROUP?
(A)
SALES
(B)
PURCHASES
(C)
DUTIES AND TAXES
(D)
INDIRECT EXPENSES
Answer:
(C)
151.
THE SHORTCUT KEY TO QUIT FROM TALLY IS
(A)
CTRL + P
(B)
CTRL + Q
(C)
CTRL + M
(D)
CTRL + L
Answer:
(B)