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100 MCQ of Tally.ERP 9
Question 1
Which key is used to post entry in credit note in Tally ?
(A) F8
(B) Ctrl + F8
(C) F9
(D) Ctrl + F9
Question 2
Which of the following equation is true for balance sheet ?
(A) Assets = Liabilities + Capital
(B) Capital = Assets – Liabilities
(C) Liabilities = Assets – Capital
(D) All of these
Question 3
Which shortcut key is used to view report with all details in Tally ?
(A) F1
(B) Alt + F3
(C) Alt + F1
(D) F2
Question 4
How many option related to company features are there in F11: Features in Tally ?
(A) 3
(B) 2
(C) 4
(D) 5
Question 5
Which unit is created for stock item like grain, pulse, sugar, oil, ghee etc. ?
(A) Lts.
(B) Nos.
(C) Kgs.
(D) Box.
Question 6
Which shortcut key is pressed to display part No. for automobiles industries ?
(A) F1
(B) F2
(C) F11
(D) F12
Question 7
Which option is used to view Trail balance from gateway of Tally ?
(A) Gateway of Tally – Reports – Trail balance
(B) Gateway of Tally – Trail balance
(C) Gateway of Tally – Reports – Display – Trail balance
(D) None of these
Question 8
Which option is true for viewing Profit & Loss A/C in gateway of Tally ?
(A) Gateway of Tally – Reports – Profit & Loss
(B) Gateway of Tally – Display – Profit & Loss
(C) Gateway of Tally – Accounts books – Profit & Loss
(D) None of these
Question 9
What percent of additional Tax is applied in VAT is 4% ?
(A) 1%
(B) 4%
(C) 1.5%
(D) 2.5%
Question 10
What percent of additional Tax is applied if VAT is 12.5% ?
(A) 1%
(B) 2%
(C) 2.5%
(D) 4%
Question 11
What shortcut key is used to enable Value added Tax ?
(A) F1
(B) F2
(C) F11
(D) F12
Question 12
Which shortcut key is pressed to set ' Yes ' in allow selection of VAT/Tax class during ?
(A) F11
(B) F12
(C) F3
(D) None of these
Question 13
Which group [under] is selected in input VAT or output VAT ?
(A) Duties & Taxes
(B) Direct Expenses
(C) Indirect Expenses
(D) Sundry Creditors
Question 14
Which Group [under] is selected input Additional Tax and output Additional Tax ?
(A) Direct Expenses
(B) Indirect Expenses
(C) Sundry Creditors
(D) Duties & Taxes
Question 15
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
Question 16
Which shortcut key is pressed for voucher entry or creating a ledger ?
(A) Alt + A
(B) Alt + X
(C) Alt + C
(D) None of these
Question 17
By default, which mode is on in purchase and sales voucher ?
(A) Normal mode
(B) Particular mode
(C) Item invoice mode
(D) None of these
Question 18
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
Question 19
By which report we can come to know if VAT is payable or refundable
(A) E – VAT forms
(B) VAT forms
(C) VAT computation
(D) None of these
Question 20
Which will be group of VAT adjustment ledger ?
(A) Indirect expenses
(B) Indirect income
(C) Duties & Taxes
(D) None of these
Question 21
TDS is applied on which of the following incomes ?
(A) Commission of lottery ticket
(B) Salary income (contact)
(C) Professional Fee
(D) All of these
Question 22
On which of the following incomes TDS in not applied ?
(A) Advertisement income
(B) Rent income from land or home
(C) Cable operator
(D) Insurance commission
Question 23
According to low who has to pay TDS to the income tax department ?
(A) Service provider
(B) Service receiver
(C) Both A & B
(D) There is no such provision
Question 24
What is the TDS exception limit for contractor or sub – contractor ?
(A) 5000
(B) 10000
(C) 20000
(D) 50000
Question 25
What is the TDS exception limit for professional fees like Audit fees, Consultancy fees, Training fees ?
(A) 15000
(B) 20000
(C) 25000
(D) 50000
Question 26
Which shortcut key is used to enable Tax Deducted at Source [TDS] ?
(A) F9
(C) F11
(C) F11
(D) Alt + F2
Question 27
Which step is appropriate to view TDS Nature of payment ?
(A) Gateway of Tally – Display – TDS nature of payment
(B) Gateway of Tally – statuary info. – TDS nature of payment
(C) Gateway of Tally – Display – statuary info – TDS nature of payment
(D) None of these
Question 28
Which group [under] should be selected for TDS on Advertisement A/C ?
(A) Indirect expenses
(B) Indirect incomes
(C) Duties & Taxes
(D) Sundry creditors
Question 29
Which group [under] should be selected for TDS on Professional or technical service A/C ?
(A) Indirect expenses
(B) Indirect incomes
(C) Duties & Taxes
(D) None of these
Question 30
In which voucher type entry is done for TDS calculation ?
(A) F5 : Payment
(B) F6 : Receipt
(C) F7 : Journal
(D) F4 : Contra
Question 31
In which voucher type, amount of VAT or TDS Payable to the government will be noted ?
(A) F5 : Payment
(B) F6 : Receipt
(C) F7 : Journal
(D) F4 : Contra
Question 32
Amount payable as TDS can be known by which report in Tally ?
(A) Computation
(B) E – Return
(C) Print from 16 A
(D) Both A & C
Question 33
Which shortcut key is used to take print of VAT or TDS reports ?
(A) Ctrl + P
(B) Alt + P
(C) Shift + P
(D) None of these
Question 34
Which is the shortcut key to Zoom TDS challan ?
(A) Alt + P
(B) Ctrl + Z
(C) Alt + Z
(D) None of these
Question 35
Which website should be visited to get any information related to TDS ?
(A) www.incometax.gov.in
(B) www.tdsindia.gov.in
(C) www.incometaxindia.gov.in
(D) www.incometaxindia.org.in
Question 36
Which option is used to print from 16A of TDS ?
(A) Gateway of Tally – Statuary report – Return – Print from 16A
(B) Gateway of Tally – Return – Print from 16A
(C) Gateway of Tally – TDS reports – Return – Print from 16A
(D) Gateway of Tally – Display – Statuary report – TDS reports – Return – Print from 16A
Question 37
Which shortcut key is used to set No in ' Use Common Ledger A/C for item allocation ? '
(A) Alt + F1
(B) F11
(C) F12
(D) Alt + F2
Question 38
Which option is selected for different types of VAT entries in purchase invoice & sale invoice ?
(A) Applicable VAT
(B) Not Applicable VAT
(C) Not Applicable
(D) No Applicable
Question 39
Which of the following is not compulsory to create while entry in account with inventory ?
(A) Stock groups
(B) Stock items
(C) Stock categories
(D) Units of measure
Question 40
Which reports are prepared monthly in Tally ?
(A) Profit & Loss account
(B) Balance sheet
(C) Trail balance
(D) Cash flow or Funds flow
Question 41
VAT structure is beneficial for whom ?
(A) Trader
(B) Trail balance
(C) Balance sheet
(D) Cash flow or Funds flow
Question 42
By which option purchase or sales register can be viewed ?
(A) Statutory books
(B) Accounts books
(C) Inventory books
(D) Display
Question 43
Which option is used to view stock items or group summary ?
(A) Accounts books
(B) Inventory books
(C) Statutory books
(D) Display
Question 44
Which option is used to view VAT or TDS computation ?
(A) Account books
(B) Statutory books
(C) Inventory books
(D) None of these
Question 45
Financial normally ends no ?
(A) 30 April
(B) 1 April
(C) 31 December
(D) 31 March
Question 46
We can change the company info from(A) Company info >> Back up
(A) Company info >> Back up
(B) Company info >> Alter
(C) Company info >> Split company data
(D) None of these
Question 47
Company restore option is available in
(A) Company Features
(B) Company info
(C) Configuration
(D) None of these
Question 48
in general the financial year from shall be from
(A) First April of any year
(B) All of theme are true
(C) 31 March of any year
(D) None of these
Question 49
We can modify an existing company from
(A) Company info >> Alter >> Select company
(B) Company info >> Alter company
(C) Gateway of Tally >> Modify company
(D) Company info >> Alter
Question 50
To change current date from gateway of Tally press the key
(A) F1
(B) F5
(C) F2
(D) F9
Question 51
Party account can be created through
(A) Group creation window
(B) Ledger creation window
(C) Inventory creation window
(D) None of these
Question 52
A ledger may get declaration space for its Alias through
(A) F11
(B) F12
(C) F9
(D) None of these
Question 53
F12 is known as
(A) Company features
(B) Accounting features
(C) Company configuration
(D) None of these
Question 54
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
Question 55
We can show bill wise detail of debtors or creditors by activating ?
(A) Bill by Bill
(B) Maintain references
(C) Maintain bill wise detail
(D) None of these
Question 56
The shortcut key to quit from Tally is
(A) Ctrl + M
(B) Alt + F4
(C) Ctrl + Q
(D) Ctrl + W
Question 57
How many inbuilt accounts group are in Tally by default ?
(A) 35
(B) 31
(C) 32
(D) 25
Question 58
The shortcut key used to activate calculator is
(A) Ctrl + M
(B) Ctrl + N
(C) Ctrl + C
(D) None of these
Question 59
Suspense account group is defined under
(A) Income
(B) Liabilities
(C) Expenditure
(D) Assets
Question 60
To activate MRP feature from gateway of Tally initially we need to press
(A) F1
(B) F11
(C) F12
(D) F2
Question 61
MRP formula for inclusive of VAT is
(A) { Vat %*(MRP * QTY) } /100
(B) ( 100*rate of Vat)/(100 + rate of vat)
(C) Both A & B
(D) None of these
Question 62
To create manufacturing journal which option must be activated
(A) Use common narration
(B) Narration for each entry
(C) Prefilled with zero
(D)Use as manufacturing journal
Question 63
How many types of Measurement units we can create in Tally ?
(A) 2
(B) 3
(C) 5
(D) Unlimited
Question 64
To activate job costing which option require to be activated ?
(A) Maintain cost center
(B) Use cost center for job costing
(C) Both B & A
(D) None of these
Question 65
Multiple godowns are activated from
(A) F11
(B) F12
(C) F11 >> F2
(D) None of these
Question 66
In Tally, there are _________ Predefined ledgers
(A) One
(B) Two
(C) Three
(D) Four
Question 67
We can see list of Memorandum voucher from
(A) Cash/Banks books
(B) Accounts books
(C) Exception books
(D) None of these
Question 68
To print a voucher from Tally we need to press
(A) Ctrl + P
(B) Alt + P
(C) Shift + R
(D) Alt + R
Question 69
We can see working Capital figure changing
(A) Voucher configuration
(B) Balance sheet configuration
(C) Profit & Loss configuration
(D) None of these
Question 70
Input Vat ledger is created under which account
(A) Sales
(B) Duties & Taxes
(C) Purchase
(D) None of These
Question 71
We can create multiple users in Tally activating
(A) Tally audit
(B) Use security control
(C) Both A & B
(D) None of these
Question 72
Retained earnings is an alias of
(A) Indirect income
(B) Reserve and surplus
(C) Capital account
(D) None of these
Question 73
What is MRP ?
(A) Market price
(B) Maximum retail price
(C) Marginal price
(D) None of these
Question 74
We can use stock journal for
(A) Production and consumption
(B) Inter godown transfer for stock
(C) Both A & B
(D) None of these
Question 75
Discount column is available in
(A) Sales invoice
(B) Purchase invoice
(C) Both A & B
(D) None of these
Question 76
We can get the report of interest from
(A) Account books
(B) Statements of accounts
(C) Cash & Funds flow
(D) None of these
Question 77
We can cancel a voucher using
(A) Alt + X
(B) Shift + X
(C) Ctrl + X
(D) None of these
Question 78
To see report of job work Analysis
(A) Display – statements of A/C s
(B) Display – statements of A/C s - job work Analysis
(C) Display – statements of A/C s – cost center – job work
(D) None of these
Question 79
For reconciliation of bank press
(A) F12
(B) F5
(C) F2
(D) None of these
Question 80
To create scenario which option requires to be activated
(A) Use reversing journal & optional voucher in F12
(B) Use optional voucher in F11
(C) Use reversing voucher in F11
(D) Use reversing journal & optional voucher in F11
Question 81
Optional voucher is one type of
(A) Conventional voucher
(B) Unconventional voucher
(C) Both A & B
(D) None of these
Question 82
TDS deduction entry can be made through
(A) Payment voucher
(B) Receipt voucher
(C) Journal voucher
(D) None of these
Question 83
To create purchase order press
(A) F4
(B) Alt + F4
(C) F3
(D) None of these
Question 84
List of optional voucher we can get from
(A) Cash bank books
(B) Accounts books
(C) Exceptional books
(D) None of these
Question 85
Input Vat Credit on capital goods should be defined under
(A) Capital accounts
(B) Current liabilities
(C) Duties & Taxes
(D) None of these
Question 86
Single entry mode is applicable for
(A) Receipt voucher
(B) Payment voucher
(C) Contra voucher
(D) All of the above
Question 87
Online voucher creation from daybook report by pressing
(A) Ctrl + A
(B) Shift + A
(C) Alt + A
(D) None of these
Question 88
Reversing journal is a
(A) Conventional voucher
(B) Unconventional voucher
(C) Both A & B
(D) None of these
Question 89
To hide a name of the company you need to define
(A) Security control
(B) Create at least one user
(C) Tally vault password
(D) None of these
Question 90
To declare a voucher as post dated press
(A) Alt + T
(B) Ctrl + T
(C) Shift + T
(D) None of these
Question 91
We can switch from accounting voucher to inventory voucher pressing
(A) F2
(B) Alt + F1
(C) F2
(D) None of these
Question 92
Which shortcut key press for zoom in print ?
(A) Alt + A
(B) Ctrl + Z
(C) Alt + Z
(D) None of these
Question 93
It is possible to use cash/bank in journal mode
(A) True
(B) False
Tally supports trading inventory
Question 94
Tally supports trading inventory
(A) True
(B) False
Question 95
Debit note is used for
(A) Sales return
(B) Purchase return
(C) Purchase only
(D) None of these
Question 96
F11 is used for changing current configuration
(A) True
(B) False
Question 97
Multiple ledger creation is possible in Tally
(A) True
(B) False
Question 98
To select configuration screen we should press
(A) F11
(B) F12
(C) F9
(D) None of these
Question 99
Alt + P is used for
(A) Purchase voucher
(B) Print
(C) Sale voucher
(D) None of these
Question 100
Tally does not provide Budget Variance report.
(A) True
(B) False