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TALLYPRIME + GST Quiz
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Quiz
TALLYPRIME + GST Quiz
TALLYPRIME + GST Quiz
Welcome!
Quiz
Q.
1 Where does single entry mode apply in voucher ?
A.
Payment Voucher
B.
Contra Voucher
C.
Receipt Voucher
D.
All of these
Answer
All of these
Q.
2 To change the date, shortcut used
A.
F1
B.
F2
C.
Alt + F2
D.
F5
Answer
F2
Q.
3 TDS deduction entry can be made through
A.
Payment Voucher
B.
Journal Voucher (3)
C.
Receipt Voucher
D.
All of these
Answer
Journal Voucher (3)
Q.
4 GST was implemented in India from
A.
1st January 2017
B.
1st April 2017
C.
1st March 2017
D.
1st July 2017
Answer
1st July 2017
Q.
5 The number of structures in India’s GST model is ?
A.
6
B.
4
C.
3
D.
5
Answer
4
Q.
6 For Export of Data from Company to Company Tally uses
A.
XML Format
B.
ASCII Format
C.
SDF Format
D.
None of these
Answer
XML Format
Q.
7 To get Payroll Reports choose
A.
Gateway of Tally > Display > Payroll Reports
B.
Gateway of Tally > Display > Statement of Payroll
C.
Gateway of Tally > Display > Statement of Accounts
D.
Gateway of Tally > Display
Answer
Gateway of Tally > Display > Payroll Reports
Q.
8 What is the predefined number of groups in tally ?
A.
16
B.
28
C.
128
D.
228
Answer
28
Q.
9 Which option is used to view Stock Items or Group Summary ?
A.
Display
B.
Statutory Books
C.
Accounts Books
D.
Inventory Books
Answer
Inventory Books
Q.
10 To declare a voucher as post dated press
A.
Ctrl + P
B.
Ctrl + D
C.
Ctrl + T
D.
Alt + T
Answer
Ctrl + T
Q.
11 _____ is the shortcut to company info from Gateway of Tally.
A.
Alt + F1
B.
Alt + F2
C.
Alt + F3
D.
F1
Answer
Alt + F3
Q.
12 Which group [Under] should be selected for TDS on Professional or Technical Services A/C ?
A.
Indirect Expenses
B.
Indirect Incomes
C.
Duties & Taxes
D.
None of these
Answer
Duties & Taxes
Q.
13 Online voucher creation from Day Book report by pressing
A.
Alt + A
B.
Ctrl + A
C.
Shift + A
D.
Ctrl + F5
Answer
Alt + A
Q.
14 Details of outward supply shall be furnished in
A.
GSTR-3
B.
GSTR-2
C.
GSTR-1A
D.
GSTR-1
Answer
GSTR-1
Q.
15 SGST is applicable when
A.
Goods are sold within a state
B.
Goods are sold from one GST dealer to a customer
C.
Goods are sold by a GST dealer to another GST dealer
D.
Interstate supply
Answer
Goods are sold within a state
Q.
16 Where location of the supplier and place of supply are in a State and a Union territory
A.
CGST plus UTGST is applicable
B.
CGST plus IGST is applicable
C.
SGST plus UTGST is applicable
D.
IGST is applicable
Answer
IGST is applicable
Q.
17 The highest GST rate applicable now is
A.
100%
B.
28%
C.
18%
D.
50%
Answer
28%
Q.
18 Under GST law, tax rates are determined by
A.
Central Government
B.
State Government
C.
GST Council
D.
Central Government in consultation with state governments
Answer
GST Council
Q.
19 The lowest tax rate under GST is
A.
0.25%
B.
1%
C.
0.05%
D.
5%
Answer
0.25%
Q.
20 Goods which are used or intended to be used in the course or furtherance of business are
A.
Demerit goods
B.
Business goods
C.
Capital goods
D.
None of these
Answer
Capital goods
Q.
21 Which option is used in Tally to close opened Company ?
A.
Alter
B.
Shut Company
C.
Create Company
D.
Select Company
Answer
Shut Company
Q.
22 The shortcut used to activate calculator is
A.
Ctrl + A
B.
Ctrl + B
C.
Ctrl + M
D.
Ctrl + N
Answer
Ctrl + N
Q.
23 What is MRP ?
A.
Minimum Retail Price
B.
Maximum Retail Price
C.
Marginal Price
D.
Market Price
Answer
Maximum Retail Price
Q.
24 Transfer of materials from one godown to another godown, use
A.
Stock Journal
B.
Purchase Journal
C.
Manufacturing Journal
D.
Both (Stock Journal) and (Purchase Journal)
Answer
Stock Journal
Q.
25 Which shortcut key is used to view configure in Tally ?
A.
Alt + F9
B.
F10
C.
F11
D.
F12
Answer
F12
Q.
26 In which voucher type credit purchase entry is posted in Tally ?
A.
F5:Payment
B.
F6:Receipt
C.
F7:Journal
D.
F9:Purchase
Answer
F9:Purchase
Q.
27 Bank OCC a/c is a group defined under
A.
Loan & Liability
B.
Secured Loan
C.
Unsecured Loan
D.
Bank Account
Answer
Loan & Liability
Q.
28 Which shortcut key is used for Select Company in Tally ?
A.
Alt + F4
B.
Alt + F3
C.
Alt + F1
D.
Alt + F2
Answer
Alt + F3
Q.
29 ___ is the shortcut to purchase voucher from Accounting Vouchers in Tally.
A.
F8
B.
F9
C.
Alt + F1
D.
Ctrl + F1
Answer
F9
Q.
30 Find out which is not a Default Ledger in Tally.
A.
Profit & Loss
B.
Cash in Hand
C.
Capital Account
D.
All of these
Answer
Capital Account
Q.
31 ___ gives the balance for each day for the voucher type has been selected.
A.
Trial Balance
B.
Balance Sheet
C.
Daybook
D.
None of the above
Answer
Daybook
Q.
32 ___ is the shortcut to create contra voucher in Tally.
A.
F2
B.
F3
C.
F4
D.
F5
Answer
F4
Q.
33 ___ is the shortcut to stock journal from inventory Vouchers in Tally.
A.
Alt + F4
B.
Alt + F5
C.
Alt + F7
D.
Alt + F10
Answer
Alt + F7
Q.
34 Which option is used to make changes in created Groups of Ledgers in Tally ?
A.
Alter
B.
Create
C.
Display
D.
Change
Answer
Alter
Q.
35 To hide the name of the Company you need to define
A.
Tally Vault Password
B.
Tally Audit
C.
Create at least one User
D.
Security Control
Answer
Tally Vault Password
Q.
36 Which option is used to exit Tally ?
A.
Exit
B.
Quit
C.
Close
D.
Shut company
Answer
Quit
Q.
37 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
Alter
Q.
38 Which of the following is not compulsory to create while entry in Accounts with Inventory ?
A.
Stock Groups
B.
Stock Categories
C.
Stock Items
D.
Units of Measure
Answer
Stock Categories
Q.
39 To create a sales voucher in tally, you have to press ___
A.
F5
B.
F6
C.
F7
D.
F8
Answer
F8
Q.
40 BOM represents
A.
Bill of Materials
B.
Bill of Maintenance
C.
Billing of Machines
D.
All of these
Answer
Bill of Materials
Q.
41 Party account can be created through
A.
Inventory creation window
B.
Group creation window
C.
Ledger creation window
D.
Any one of them
Answer
Ledger creation window
Q.
42 Full form of LTCG
A.
Long term capital gains
B.
Long term capital gold
C.
Long time capital gain
D.
None of the above
Answer
Long term capital gains
Q.
43 ___ is the shortcut to change the accounting period from Gateway of Tally.
A.
F1
B.
Alt + F1
C.
Alt + F2
D.
Alt + F3
Answer
Alt + F2
Q.
44 The tax collected by the seller from the buyer is generally called
A.
Value Added Tax (VAT)
B.
Goods and Services Tax (GST)
C.
Tax Collected at Source (TCS)
D.
Tax Deducted at Source (TDS)
Answer
Tax Collected at Source (TCS)
Q.
45 TDS is applied on which of the following incomes ?
A.
Salary Income (Contract)
B.
Commission of lottery ticket
C.
Professional Fee
D.
All of these
Answer
All of these
Q.
46 The tax collected by the employer towards income of an employee is called
A.
Value Added Tax (VAT)
B.
Fringe Benefit Tax (FBT)
C.
Tax Collected at Source (TCS)
D.
Tax Deducted at Source (TDS)
Answer
Tax Deducted at Source (TDS)
Q.
47 ___ is a record of all monetary transactions.
A.
Account
B.
Asset
C.
Accrual basis
D.
Credit
Answer
Account
Q.
48 Which option is used to copy company's data into pen drive or cd ?
A.
Restore
B.
Backup
C.
Copy data
D.
Split company data
Answer
Backup
Q.
49 Stock maintained for production purpose is called
A.
Inventory
B.
Trial balance
C.
Payroll
D.
Ledger
Answer
Inventory
Q.
50 Where do we record credit purchase of furniture in Tally ?
A.
Journal
B.
Receipt
C.
Payment
D.
Purchase
Answer
Journal
Q.
51 Which ledger is created by Tally automatically as soon as we create a new company ?
A.
Capital A/c
B.
Profit & Loss A/c
C.
Cash
D.
Both (Profit & Loss A/c) and (Cash)
Answer
Both (Profit & Loss A/c) and (Cash)
Q.
52 A Debit note is a statement sent to the __ by the __
A.
Buyer, seller
B.
Seller, buyer
C.
Creditor, seller
D.
Customer, seller
Answer
Seller, buyer
Q.
53 In which voucher type credit sales is recorded in Tally ?
A.
F5:Payment
B.
F6:Receipt
C.
F7:Journal
D.
F8:Sales
Answer
F8:Sales
Q.
54 ___ denotes movable or immovable property and inventory.
A.
Asset
B.
Accrual basis
C.
Credit
D.
Debit
Answer
Asset
Q.
55 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
Company creation
Q.
56 The shortcut key to quit from Tally is
A.
Ctrl + P
B.
Ctrl + Q
C.
Ctrl + M
D.
Ctrl + L
Answer
Ctrl + Q
Q.
57 Which account is the odd one
A.
Furniture
B.
Land and buildings
C.
Stock of raw materials
D.
Plant and machinery
Answer
Stock of raw materials
Q.
58 Which of the following is the example of external users of accounting information
A.
Government
B.
Owners
C.
Management
D.
Employee
Answer
Government
Q.
59 Which of the following is not a transaction
A.
Goods are purchased on cash basis for Rs 1000
B.
Salaries paid for the month of May 20XX
C.
Land is purchased for Rs 10 lakhs
D.
An employee is dismissed from the job
Answer
An employee is dismissed from the job
Q.
60 Salary Account comes under which head
A.
Indirect Incomes
B.
Indirect Expenses
C.
Direct Incomes
D.
Direct Expenses
Answer
Indirect Expenses
Q.
61 'Alias' represents
A.
Short name
B.
Nick name
C.
Code name
D.
All of these
Answer
All of these
Q.
62 Where do we record interest received, commission received or rent received in Tally
A.
Contra
B.
Payment
C.
Receipt
D.
Journal
Answer
Receipt
Q.
63 By which option Purchase or Sales register can be viewed ?
A.
Accounts Books
B.
Display
C.
Statutory Books
D.
Inventory Books
Answer
Accounts Books
Q.
64 Sales Tax Ledger falls under which Group ?
A.
Sales
B.
Purchases
C.
Indirect Expenses
D.
Duties and Taxes
Answer
Duties and Taxes
Q.
65 Voucher class is a pre-defined voucher type that helps to
A.
Automatic Entry
B.
Automatic Calculation
C.
Minimize Errors
D.
All of these
Answer
All of these
Q.
66 What is the utility of Tally Vault Password ?
A.
It will not shows the company name in the company select list
B.
It will lock all voucher entries for that company
C.
It will lock the period of company
D.
Both (It will not shows the company name in the company select list) and (It will lock all voucher entries for that company)
Answer
Both (It will not shows the company name in the company select list) and (It will lock all voucher entries for that company)
Q.
67 Discount Column is available in
A.
Accounting Voucher
B.
Sales Invoice
C.
Purchase Invoice
D.
Both (Sales Invoice) and (Purchase Invoice)
Answer
Both (Sales Invoice) and (Purchase Invoice)
Q.
68 Which of the following is the predefined stock category in tally ?
A.
Main location
B.
Symbol
C.
Primary
D.
Stock
Answer
Primary
Q.
69 Recording of actual stock as physically verified or counted is done through
A.
Sales
B.
Journal
C.
Stock Journal
D.
Physical Stock
Answer
Physical Stock
Q.
70 Which group [Under] should be selected for TDS on Advertisement A/C ?
A.
Indirect Expenses
B.
Indirect Incomes
C.
Sundry Creditors
D.
Duties and Taxes
Answer
Duties and Taxes
Q.
71 To primarily open a report, and create masters and vouchers in the flow of work, which shortcut key is used in tally prime ?
A.
Alt + M
B.
Alt + C
C.
Alt + D
D.
Alt + G
Answer
Alt + G
Q.
72 To open the e-mail menu for sending transactions or reports, which shortcut key is used in tally prime ?
A.
Alt + N
B.
Alt + E
C.
Alt + M
D.
Alt + P
Answer
Alt + M
Q.
73 Income tax is levied on those individuals
A.
whose income is less than exempted limit in any previous year
B.
whose income is more than exempted limit in any previous year
C.
whose income is upto ₹ 1,00,000 in any previous year
D.
None of the above
Answer
whose income is more than exempted limit in any previous year
Q.
74 T.D.S. is not deducted on lottery income up to…. Amount
A.
10,000
B.
15,000
C.
20,000
D.
25,000
Answer
10,000
Q.
75 To open the print menu for printing transactions or reports, which shortcut key is used in tally prime ?
A.
Ctrl + C
B.
Alt + P
C.
Ctrl + P
D.
Alt + B
Answer
Alt + P
Q.
76 To open the export menu for exporting masters, transactions, or reports, which shortcut key is used in tally prime ?
A.
Alt + F
B.
Alt + E
C.
Ctrl + E
D.
Ctrl + F
Answer
Alt + E
Q.
77 Predefined Billing terms can be maintained through
A.
Stock Categories
B.
Maintain Multiple Godowns
C.
Cost center
D.
Voucher Class
Answer
Voucher Class
Q.
78 While exporting Ledgers from Tally to Web page, we use
A.
ASCII Format
B.
HTML Format
C.
SDF Format
D.
XML Format
Answer
HTML Format
Q.
79 To open Sales Order, which shortcut key is used in tally prime ?
A.
Ctrl + F9
B.
Ctrl + F8
C.
Ctrl + F12
D.
Ctrl + F6
Answer
Ctrl + F8
Q.
80 Full form of STCG
A.
Short term capital gains
B.
Short term capital gold
C.
Short time capital gain
D.
None of the above
Answer
Short term capital gains
Q.
81 To open Payroll voucher, which shortcut key is used in tally prime ?
A.
Ctrl + F4
B.
Ctrl + F12
C.
Ctrl + F6
D.
Ctrl + F8
Answer
Ctrl + F4
Q.
82 capital assets includes
A.
rural agriculture land
B.
stock in trade
C.
shares
D.
none of the above
Answer
shares
Q.
83 Income tax is a
A.
Direct tax
B.
Indirect tax
C.
Total tax
D.
Danger tax
Answer
Direct tax
Q.
84 Tally is an _________ software.
A.
Accounting
B.
Text editing
C.
Word Processing
D.
Graphic designing
Answer
Accounting
Q.
85 tally was developed by which company
A.
Peutronics
B.
Tally solutions Pvt. Ltd.
C.
Tally financial Pvt. Ltd.
D.
Enterprise resource planning
Answer
Tally solutions Pvt. Ltd.
Q.
86 Tally was founded by ______
A.
Shyamlal Verma
B.
Sunder Goenka
C.
Shyam Sunder Goenka
D.
Suresh Goenka
Answer
Shyam Sunder Goenka
Q.
87 Lastest version of tally is ______
A.
Tally ERP 9
B.
Tally 9.0
C.
Tally 7.2
D.
Tally Prime
Answer
Tally Prime
Q.
88 Tally prime launched in ______
A.
2000
B.
2019
C.
2021
D.
2020
Answer
2020
Q.
89 A Financial Year (FY) is the period between ______ and _______
A.
1st April, 31st March
B.
1st january, 31st December
C.
1st March, 28th February
D.
31st March, 1st April
Answer
1st April, 31st March
Q.
90 The full form of INR is
A.
International rupees
B.
Indian rupees
C.
Integrated rupees
D.
Interest rate
Answer
Indian rupees
Q.
91 Which option is not given in gateway of tally ?
A.
Alter
B.
Ledger
C.
Create
D.
Balance sheet
Answer
Ledger
Q.
92 Which option is not given during company creation ?
A.
Company name
B.
Alias
C.
Mailing name
D.
Base currency symbol
Answer
Alias
Q.
93 Shortcut key for help menu in tally prime is ____
A.
F2
B.
F11
C.
F12
D.
F1
Answer
F1
Q.
94 Can we create multiple companies in tally prime ?
A.
Yes
B.
No
C.
Both of above
D.
None of above
Answer
Yes
Q.
95 Shortcut key to open the company menu with the list of actions related to managing your company is _____
A.
Alt + F3
B.
Ctrl + F3
C.
Shift + F3
D.
F3
Answer
Alt + F3
Q.
96 Steps to create ledgers in tally prime is _______
A.
Gateway of tally > alter > ledger
B.
Gateway of tally > create > ledger
C.
Gateway of tally > create > voucher type
D.
Gateway of tally > create > stock item
Answer
Gateway of tally > create > ledger
Q.
97 Shortcut key for creating ledger during voucher entry is ______
A.
Ctrl + C
B.
Alt + C
C.
Alt + N
D.
Ctrl + N
Answer
Alt + C
Q.
98 Which ledgers already exists in tally ?
A.
Capital, cash
B.
Bank, cash
C.
Cash, profit & loss account
D.
Capital, profit & loss account
Answer
Cash, profit & loss account
Q.
99 How many groups are there in tally prime ?
A.
28
B.
32
C.
29
D.
30
Answer
28
Q.
100 Rent ledger is created under which group ?
A.
Indirect expenses
B.
Indirect incomes
C.
Fixed assets
D.
Current assets
Answer
Indirect expenses
Q.
101 ______ is a fixed assets.
A.
Salary
B.
Prepaid expenses
C.
Cash
D.
Land
Answer
Land
Q.
102 We purchase goods from kartik Bhai on credit then he is our ______
A.
Creditor
B.
Debtor
C.
Both of above
D.
None of above
Answer
Creditor
Q.
103 We sale goods to Kunal Bhai on credit then he is our _______
A.
Creditor
B.
Debtor
C.
Both of above
D.
None of above
Answer
Debtor
Q.
104 During sales voucher entry we choose party a/c name whose under group is ______
A.
Sundry debtors
B.
Sundry creditors
C.
Current liabilities
D.
Fixed assets
Answer
Sundry debtors
Q.
105 During purchase voucher entry we choose party a/c name whose under group is ______
A.
Sundry debtors
B.
Sundry creditors
C.
Current liabilities
D.
Fixed assets
Answer
Sundry creditors
Q.
106 If owner brings cash in business then it is called ______
A.
Drawings
B.
Import
C.
Brought cash
D.
Capital
Answer
Capital
Q.
107 If owner withdraws cash from business then it is called ______
A.
Import
B.
Withdraws cash
C.
Capital
D.
Drawings
Answer
Drawings
Q.
108 ________ means your Credit customer from which you have to receive money for good supplied or services rendered on credit.
A.
Sundry debtors
B.
Sundry creditors
C.
Suppliers
D.
Customers
Answer
Sundry debtors
Q.
109 ______ means your credit supplier to which you have to pay money for buying goods or services on credit.
A.
Sundry debtors
B.
Sundry creditors
C.
Suppliers
D.
Customers
Answer
Sundry creditors
Q.
110 Commission received is an ______ for us.
A.
Indirect expense
B.
Indirect income
C.
Current asset
D.
Current liabilities
Answer
Indirect income
Q.
111 Rent received ledger comes under which group ?
A.
Indirect expenses
B.
Indirect incomes
C.
Current assets
D.
Current liabilities
Answer
Indirect incomes
Q.
112 how much digits are in a bank ifsc code number ?
A.
11 digits
B.
8 digits
C.
6 digits
D.
12 digits
Answer
11 digits
Q.
113 Bank's loan is our ________
A.
Asset
B.
Capital
C.
Liability
D.
Income
Answer
Liability
Q.
114 Shortcut key for payment voucher is ______
A.
F5
B.
Alt + F5
C.
Ctrl + F5
D.
F6
Answer
F5
Q.
115 Payment voucher is used to account all the payments made by the company by way of ________
A.
Cash only
B.
Bank only
C.
Cash/bank
D.
Cheque only
Answer
Cash/bank
Q.
116 What is the full form of DR in tally ?
A.
Debit
B.
Debit record
C.
Debentures
D.
Debit reference
Answer
Debit record
Q.
117 What is the full form of CR in tally ?
A.
Credit
B.
Credit record
C.
Create
D.
Credit reference
Answer
Credit record
Q.
118 Payment of salary must be recorded in _________ voucher.
A.
Receipt
B.
Purchase
C.
Sales
D.
Payment
Answer
Payment
Q.
119 Drawings by owner must be recorded in _______ voucher.
A.
Receipt
B.
Purchase
C.
Sales
D.
Payment
Answer
Payment
Q.
120 Payment to creditors must be recorded in _______ voucher.
A.
Receipt
B.
Purchase
C.
Sales
D.
Payment
Answer
Payment
Q.
121 Shortcut key for receipt voucher is ______
A.
F5
B.
F9
C.
F6
D.
F8
Answer
F6
Q.
122 When in any transaction cash or bank is debited it is recorded in ________ voucher.
A.
Receipt
B.
Payment
C.
Purchase
D.
Sales
Answer
Receipt
Q.
123 Brokerage received by cash or bank must be recorded in _______ voucher.
A.
Receipt
B.
Payment
C.
Purchase
D.
Sales
Answer
Receipt
Q.
124 Payment received from debtors must be recorded in ________ voucher.
A.
Contra
B.
Payment
C.
Journal
D.
Receipt
Answer
Receipt
Q.
125 Owner brings capital in business this entry must be recorded in ________ voucher.
A.
Payment
B.
Receipt
C.
Sales
D.
Journal
Answer
Receipt
Q.
126 Shortcut key for Contra voucher is ______
A.
F5
B.
F7
C.
F4
D.
F6
Answer
F4
Q.
127 Transaction that happens between _____&_____ must be recorded in Contra voucher.
A.
Business, bank
B.
Business, it's suppliers
C.
Business, it's customers
D.
Business, it's debtors
Answer
Business, bank
Q.
128 If we transfer bank balance from our one bank account to another then it must be recorded in ______ voucher.
A.
Receipt
B.
Sales
C.
Contra
D.
Payment
Answer
Contra
Q.
129 Cash withdrawn from bank and deposited in Bank these transactions must be recorded in _______ voucher.
A.
Contra
B.
Payment
C.
Receipt
D.
Journal
Answer
Contra
Q.
130 Steps to open Contra voucher in tally prime is _________
A.
Gateway of Tally > Vouchers > Select F4: Contra.
B.
Gateway of Tally > Create > Voucher type
C.
Gateway of Tally > alter > ledger
D.
Gateway of tally > Vouchers > Select F5: payment.
Answer
Gateway of Tally > Vouchers > Select F4: Contra.
Q.
131 How to enable company features in tally prime ?
A.
Press F5 from gateway of tally
B.
Press F2 from gateway of tally
C.
Press F11 from gateway of tally
D.
Press F12 from gateway of tally
Answer
Press F11 from gateway of tally
Q.
132 Stock group comes under _______ head in tally prime.
A.
Inventory masters
B.
Accounting masters
C.
Payroll masters
D.
Statutory details
Answer
Inventory masters
Q.
133 What would be formal name for the symbol KGS in unit creation ?
A.
Kilograms
B.
Numbers
C.
Kilolitre
D.
Pieces
Answer
Kilograms
Q.
134 What would be formal name for the symbol KLR in unit creation ?
A.
Kilograms
B.
Numbers
C.
Kilolitre
D.
Pieces
Answer
Kilolitre
Q.
135 What would be the symbol for the formal name numbers in unit creation ?
A.
NOS
B.
PCS
C.
KLR
D.
KGS
Answer
NOS
Q.
136 What would be the symbol for the formal name pieces in unit creation?
A.
NOS
B.
PCS
C.
KLR
D.
KGS
Answer
PCS
Q.
137 If my stock item is mobile phone then it's unit should be ______
A.
KLR
B.
KGS
C.
NOS
D.
MTR
Answer
NOS
Q.
138 How to create stock item in tally ?
A.
Gateway of Tally > Create > select Stock Item.
B.
Gateway of tally > alter > select Stock item.
C.
Gateway of tally > Create > select Stock group.
D.
Gateway of tally > Create > select Stock category.
Answer
Gateway of Tally > Create > select Stock Item.
Q.
139 In order to delete a voucher, press ______
A.
Alt + D
B.
Alt + F4
C.
Alt + F3
D.
None of above
Answer
Alt + D
Q.
140 Can we create stock item during voucher entry ?
A.
Yes
B.
No
C.
Both of above
D.
None of above
Answer
Yes
Q.
141 How to view day book in tally prime ?
A.
Gateway of tally > Daybook
B.
Gateway of tally > alter
C.
Gateway of tally > create
D.
Gateway of tally > voucher
Answer
Gateway of tally > Daybook
Q.
142 Shortcut key for purchase order voucher is ______
A.
Alt + F9
B.
Ctrl + F9
C.
Alt + F8
D.
Ctrl + F8
Answer
Ctrl + F9
Q.
143 Shortcut key for sales order voucher is ______
A.
Alt + F9
B.
Ctrl +F9
C.
Alt + F8
D.
Ctrl + F8
Answer
Ctrl + F8
Q.
144 Creating price list would be useful in _______ voucher.
A.
Purchase
B.
Sales
C.
Payment
D.
Receipt
Answer
Sales
Q.
145 Stock journal voucher is used for __________
A.
Purchase
B.
Sales
C.
Stock transfer
D.
Cost center
Answer
Stock transfer
Q.
146 Can we create multiple godowns/locations in tally prime ?
A.
Yes
B.
No
C.
Both of above
D.
None of above
Answer
Yes
Q.
147 The full form of POS is ________
A.
Print of sales
B.
Point of sales
C.
Payment of sundry creditors
D.
Payment of sundry debtors
Answer
Point of sales
Q.
148 Multiple payment modes is available in POS invoicing.
A.
True
B.
False
C.
Both of above
D.
None of the above
Answer
True
Q.
149 do you need to create point of sales invoice voucher to use it ?
A.
Yes
B.
No
C.
Both of above
D.
None of above
Answer
Yes
Q.
150 Where do you see cash and bank reports in tally prime ?
A.
Gateway of Tally > Display More Reports > Account Books > Cash/Bank Book(s)
B.
Gateway of Tally > create > voucher type
C.
Gateway of Tally > alter > location
D.
Gateway of Tally > create > ledger
Answer
Gateway of Tally > Display More Reports > Account Books > Cash/Bank Book(s)
Q.
151 Where do you see sales reports in tally prime ?
A.
Gateway of Tally > Display More Reports > Account Books > Sales Register
B.
Gateway of Tally > Display More Reports > Account Books > Purchase Register
C.
Gateway of Tally > Display More Reports > Account Books > Cash/Bank Book(s)
D.
Gateway of Tally > Create > Unit
Answer
Gateway of Tally > Display More Reports > Account Books > Sales Register
Q.
152 Where do you see purchase reports in tally prime ?
A.
Gateway of Tally > Display More Reports > Account Books > Sales Register
B.
Gateway of Tally > Display More Reports > Account Books > purchase Register
C.
Gateway of Tally > Display More Reports > Accounts Books > Cash/Bank Book(s)
D.
Gateway of Tally > Create
Answer
Gateway of Tally > Display More Reports > Account Books > purchase Register
Q.
153 IGST is payable when the supply is …………
A.
Interstate
B.
Intra - UT
C.
Intra - state
D.
all of above
Answer
Interstate
Q.
154 What are the tax/taxes levied on an intra-State supply ?
A.
CGST
B.
SGST
C.
CGST & SGST
D.
IGST
Answer
CGST & SGST
Q.
155 Which of the following taxes have been subsumed in GST ?
A.
Central sales tax
B.
Central excise duty
C.
VAT
D.
All of the above
Answer
All of the above
Q.
156 GST is levied on supply of all goods and service except.....
A.
Alcoholic liquor for human consumption
B.
Tobacco
C.
Health care service
D.
All of the above
Answer
Alcoholic liquor for human consumption
Q.
157 GST is a comprehensive tax regime covering _________
A.
Goods
B.
Services
C.
Both goods and services
D.
Goods, services and imports
Answer
Both goods and services
Q.
158 GST Stands for
A.
Goods and Supply Tax
B.
Government Sales Tax
C.
Goods and Service Tax
D.
General Sales Tax
Answer
Goods and Service Tax
Q.
159 GST is __________based tax on consumption of goods and services.
A.
Duration
B.
Destination
C.
Dividend
D.
Development
Answer
Destination
Q.
160 What does 'I' Stands for in IGST ?
A.
International
B.
Internal
C.
Integrated
D.
Intra
Answer
Integrated
Q.
161 How many types of taxes will be in indian GST ?
A.
2
B.
3
C.
4
D.
5
Answer
4
Q.
162 Full form of TCS is ________
A.
Tax Collected from Sales
B.
Tax Collected by Staff
C.
Tax Consumption at Source
D.
Tax Collected at Source
Answer
Tax Collected at Source
Q.
163 Full form of TDS is _________
A.
Tax Deducted from Sales
B.
Tax Deducted by Staff
C.
Tax Depreciated at Source
D.
Tax Deducted at Source
Answer
Tax Deducted at Source
Q.
164 Tax deducted at source is deemed to be the………………Of the person from whose income the tax has been deducted at source.
A.
Expense
B.
Income
C.
both
D.
None
Answer
Income
Q.
165 BOI consist of
A.
Individual only
B.
Other than individual
C.
Both
D.
None of Above
Answer
Individual only
Q.
166 Health & Education cess is
A.
6%
B.
2%
C.
4%
D.
3%
Answer
4%
Q.
167 Education allowance is exempted
A.
Rs. 200 per month up to 4 child
B.
Rs. 200 per month up to 3 child
C.
Rs. 100 per month up to 2 child
D.
Rs. 100 per month up to 10 child
Answer
Rs. 100 per month up to 2 child
Q.
168 Tax at source will be deducted @ ………… on winnings from lotteries.
A.
30 %
B.
40 %
C.
50 %
D.
60 %
Answer
30 %
Q.
169 Stock category and stock group are same.
A.
True
B.
False
C.
Both of above
D.
None of above
Answer
False
Q.
170 What are the tax/taxes levied on an interState supply ?
A.
CGST
B.
SGST
C.
CGST and SGST
D.
IGST
Answer
IGST
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