| Q1. Once GSTR1 is filled, it cannot be revised but can be amended. a. True ✓ b. False |
| Q2. Post-dated vouchers are a separate voucher type in Tally and are used to record transactions. a. True ✓ b. False |
| Q3. To modify GST details, set ‘set/alter GST details’ to Yes. a. True ✓ b. False |
| Q4. Section …………… of the Income Tax Act is related to payment towards office rent. a. 192B b. 194C c. 194I ✓ d. 194J |
| Q5. We say, ‘Customer is king’ because the customer does not bring revenue to a business. a. True b. False ✓ |
| Q6. Employee headcount report includes ……………. a. Count of Employee Join b. Count of Employee Resign c. Payroll Cost Month wise d. All of above ✓ |
| Q7. The GST Tax rate cannot be defined at ……………………. a. Stock Group ✓ b. Party Ledger c. Sales & Purchase Ledger d. Company Feature |
| Q8. The Allow Storeage of Material option under Godown creation helps to ………….. a. store stock group b. store stock categories c. store a stock item d. Any of Above ✓ |
| Q9. You have to enable the Secutity Contorls. Tally Audit feature while creating a company. a. True b. False ✓ |
| Q10. The shortcut key ……… is used to create a voucher for the purchase of goods. a. F9 ✓ b. F10 c. F11 d. F12 |
| Q11. Stock Item can be configured as ‘Type of Supply’ for …….. for GST. a. Goods b. Service c. Any of these d. Both of them ✓ |
| Q12. To view the Ledger wise trial balance. you need to click …….. button in the trial balance report. a. F4 b. F6 ✓ c. F5 d. F7 |
| Q13. In the chart of accounting, how many groups are predefined in Tally.ERP9? a. 10 b. 15 c. 28 ✓ d. 37 |
| Q14. The remote user can work only on one company at a time. a. True ✓ b. False |
| Q15. For availing input tax credit, the taxpayer has received …………………… a. Goods b. Services c. Goods and/or services ✓ |
| Q16. Tally.NET is a/an …………. feature that provides a host of capabilities. a. optional b. additional c. default d. All of above ✓ |
| Q17. Bank Details can be configured in Ledger Master but not in Cost Centre. a. True ✓ b. False |
| Q18. TDS Return type 27Q needs to be filed for …………………. a. Resident Parties b. Non-Residents Parties ✓ c. Both of them d. None of the above |
| Q19. The source directory path is shown by default in Tally.ERP9? a. False ✓ b. True |
| Q20. Company Creation name and Company Mailing Name can be set different in Tally while creating a Company. a. True ✓ b. False |
| Q21. You should use which adjustment method when you do not know which bills need to be adjusted with money? a. Advance b. Against ref c. New ref d. On account ✓ |
| Q22. Format of Journal Transaction includes ………….. columns. a. 4 b. 5 ✓ c. 6 d. 3 |
| Q23. In Tally, deleting a company is same as closing a company. a. True b. False ✓ |
| Q24. As per GST, the reverse charge mechanism also apply to supply of ………….. goods. a. tangible ✓ b. intangible c. perishable |
| Q25. Movement analysis shows the analysis of only those inventory transactions which are integrated with the accounts. a. True ✓ b. False |
| Q26. Which of the following is not an adjective of accounting? a. Keeping systematic record b. Finding out business position c. Finding out the liquidity of a business d. Identifying insolvency of a business ✓ |
| Q27. To record the reconciliation of a stock item, you need to use …………. voucher. a. Stock Journal b. Material In & Out c. Physical Stock ✓ d. Delivery & Receipt Note |
| Q28. To change the selected balance sheet period, you need to click on ………….. a. CTRL+F2 b. ALT+F2 ✓ c. CTRL+F1 d. ALT+F1 |
| Q29. To print an invoice that you made, go to Gateway of Tally > Display > and select the required voucher. a. Inventory Books b. Account Books c. Trial Balance d. Day Book ✓ |
| Q30. Every business needs to register in the GST regime, irrespective of the trunover. a. True b. False ✓ |
| Q31. The wages paid to labour is a type of ……………….. a. Direct Expense ✓ b. Indirect Expense c. Admin Expense d. Marketing Expense |
| Q32. Tally does not allow to set multiple Company Addresses. a. True b. False ✓ |
| Q33. In GST, all imports and unregistered supplies are earmarked as reverse charge mechanism. a. True b. False ✓ |
| Q34. The current rate of exchange is the ………… rate in Tally. a. buying b. standard c. selling ✓ d. None of the above |
| Q35. Tally Data cannot be exported in …………………….. format. a. HTML b. PDF c. JPEG ✓ d. SDF |
| Q36. The process of listing items that make up another item is termed as ……………… a. Bill Settlement b. Batch-wise Details c. Actual and Billed Quantity d. Bill of materials ✓ |
| Q37. Employee Image on Pay slip can be added in default Payroll Feature in Tally. a. Ture b. False ✓ |
| Q38. Batch vouchers report provides a list of different vouchers for the stock items of the same batch within a specific time period. The report comprises of both inward and outward transactions. a. False b. True ✓ |
| Q39. State Payment option in Payment voucher for GST helps to Auto fill GST GST amount while making GST payment. a. True ✓ b. False |
| Q40. GSTIN can be canceled only by GSTIN officer. a. True ✓ b. False |
| Q41. House Rent Allowance falls under Indirect Expenses. a. False ✓ b. True |
| Q42. If the supplier in Mumbai, sells goods to a buyer in Pune located in the SEZ unit, then the supplier will be charged …………….. a. CGST+SGST b. CGST+UTGST C. Only CGST d. Only IGST ✓ |
| Q43. The expenses that are directly related to the production of goods are known as ———– a. Direct Expenses ✓ b. Preliminary Cost c. Indirect Expense d. Trading Expenses |
| Q44. If you have forgotten Tally.NET password you can press………….. key to reset the password. a. F5 b. F2 ✓ c. F4 d. F9 |
| Q45. You can set up the GST rates for your company using which option? a. GST Rate Setup ✓ b. Tax Type c. Taxability |
| Q46. Trial balance is a source of Trading Account, P&L Account and Balance Sheet. a. True ✓ b. False |
| Q47. Tally allows you to deduct TDS on any expenses in separate Journal Voucher by clicking on CTRL+P. a. True ✓ b. False |
| Q48. The book that contains every single transaction that has occurred in a business is called a ……………….. a. listing b. journal ✓ c. ledger d. voucher |
| Q49. Which menu appears after starting Tally for the first time a. Gateway of Tally ✓ b. Company Info c. Display d. None of these |
| Q50. You can record a journal voucher to raise the liability towards ………………… a. interest b. penalty c. late fee d. or other due ✓ |
| Q51. To record a cash deposit transaction to the bank, you can use a …………… voucher. a. Contra ✓ b. Payment c. Cash d. Optional Voucher |
| Q52. A Contra Entry transaction includes ……………… a. Cash to Bank b. Bank to Cash c. Cash to Cash d. All of the Above ✓ |
| Q53. While restoring flles, first select …………….. and then…………… a. destination, server b. source, destination ✓ c. destination, source d. server, destination |
| Q54. Capital introduced in a business can not be used for payments towards wages and salary. a. True b. False ✓ |
| Q55. A ……………. is a financial statement which shows the financial position of a firm. a. Balance Sheet ✓ b. Profit & Loss Account c. Receipts & Payment Account d. Trial Balance |
| Q56. In Tally, deleting a company is same as closing a company. a. True b. False ✓ |
| Q57. Tally allows you to edit or delete the employee group using the Display option. a. True b. False ✓ |
| Q58. To display the information of the stock items batch-wise during the voucher entry, what will you need to enable? a. Show Batch-Wise Details ✓ b. Show Bill-Wise Details c. Show Godown-Wise Details d. Show information-Wise Details |
| Q59. Which shortcut keys are used in conjuction to delete a group? a. Shift+D b. Alt+Ctrl+d c. Ctrl+D ✓ d. Alt+D |
| Q60. What needs to be generated for a sale made to someone on credit? a. Cash Memo b. Cash Voucher c. Invoice ✓ d. Any of the above |
| Q61. If any of the Transaction vouchers get deleted from Tally, they can be recovered from the recycle bin. a. True b. False ✓ |
| Q62. The capital amount can be contributed by owners only. a. True b. False ✓ |
| Q63. You have to mention e way bill threshold limit during every voucher entry. a. True b. False ✓ |
| Q64. A ………… voucher is used to record the details of transactions involving customer orders for stock items. a. Contry Entry b. Payment c. Sales Order ✓ d. Purchase |
| Q65. Which of the following is not the reason for business failure? a. Poor Quality and Service b. Excess of Fixed Cost c. Excess of Variable Cost ✓ d. Insufficient Revenue |
| Q66. To make a sales entry, from Accounting Vouchers, press the …………… key. a. F9 b. F12 c. F11 d. F8 ✓ |
| Q67. Suppose you purchased 500 sports equipment on credit and are yet to make payment. This purchase should be recorded in which voucher? a. Contra b. Debit Note c. Journal d. Purchase ✓ |
| Q68. GSTR1 form is ………………….. report. a. Sales ✓ b. Purchase c. Net Liability d. Non of the above |
| Q69. GSTR-2 form is ………………….. report. a. Sales b. Purchase & ITC ✓ c. Net Liability d. Non of the above |
| Q70. GSTR-2A form is an ………………….. GST return form that provides registered taxpayers with details of their purchases. a. Sales b. Purchase c. auto-populated ✓ d. Non of the above |
| Q71. GSTR-2B is a static report generated at the ………….. of a particular month. a. beginning b. end ✓ c. next month d. Non of the above |
| Q72. GSTR-3 is currently a ……………….. GST return a. suspended ✓ b. monthly c. yearly d. quarterly |
| Q73. Unlike GSTR-3, GSTR-3B is not auto-populated and requires taxpayers to …………….. enter data for tax liability, ITC, and payment. a. manually ✓ b. automatically c. auto populated d. Non of the above |
| Q73. The composition scheme is a simplified tax scheme for ……………… with a turnover of up to ₹1.5 crore (or ₹75 lakhs in some states) to reduce their compliance burden. a. Individual b. small taxpayers ✓ c. large taxpayers d. None of the above |
| Q74. GSTR-5 is the return to be filed by ……………….. foreign taxpayers. a. resident b. non-resident ✓ c. None of the above |
| Q75. The government or government agency can deduct TDS on the goods and services received. a. True b. False ✓ |
| Q76. If a customer returns goods or given a discount then which document is issued to the customer by the seller? a. Credit Note ✓ b. Cheque c. Invoice d. Receipt |
| Q77. To deduct TDS on previous non-deducted expenses, you need to click on ………. in Journal Voucher. a. CTRL+S b. CTRL+P c. ALT+S ✓ d. ALT+P |
| Q78. The voucher class helps to …………………… a. define the auto calculation of tax ledger ✓ b. define the deduct accounting allocation c. define default the Tax Rate d. define the default Item Master |
| Q79. Batch vouchers report provides a list of different vouchers for the stock items of the same batch within a specific time period. The report comprises of both inward and outward transactions. a. False b. True |
| Q80. A building is an example of an intangible real account. a. True b. False ✓ |
| Q80. The Tallp Help option appears on ………………….. a. Horizontal Button Bar b. Menu Bar ✓ c. Task Bar d. Vertical Button Bar |
| Q81. Supply of Goods from Patna to Bhopal is an example of ………….. a. Interstate Supply ✓ b. Intrastate Supply c. Multistate Supply d. any of the above |
| Q82. Which of these is used to view the list of primary and secondary groups in Tally? a. Accounts b. List of Accounts ✓ c. List d. None of these |
| Q83. Enable e-way bill set up in Tally from ………………. a. F11: features>F1: Accounts b. F11: features>F1: Inventory c. F11: features>F1: Statutory ✓ d. F12 Configuration |
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