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TALLYPRIME + GST Quiz

Q. 1   Where does single entry mode apply in voucher ?

    • Correct Answer: D. All of these

Q. 2   To change the date, shortcut used

    • Correct Answer: B. F2

Q. 3   GST was implemented in India from

    • Correct Answer: D. 1st July 2017

Q. 4   For Export of Data from Company to Company Tally uses

    • Correct Answer: A. XML Format

Q. 5   To get Payroll Reports choose

    • Correct Answer: A. Gateway of Tally > Display > Payroll Reports

Q. 6   What is the predefined number of groups in tally ?

    • Correct Answer: B. 28 pre

Q. 7   Which option is used to view Stock Items or Group Summary ?

    • Correct Answer: D. Inventory Books

Q. 8   _____ is the shortcut to company info from Gateway of Tally.

    • Correct Answer: C. Alt + F3

Q. 9   Which group [Under] should be selected for TDS on Professional or Technical Services A/C ?

    • Correct Answer: C. Duties & Taxes

Q. 10   Details of outward supply shall be furnished in

    • Correct Answer: D. GSTR-1

Q. 11   SGST is applicable when

    • Correct Answer: A. Goods are sold within a state

Q. 12   Where location of the supplier and place of supply are in a State and a Union territory

    • Correct Answer: D. IGST is applicable

Q. 13   The highest GST rate applicable now is

    • Correct Answer: B. 28%

Q. 14   Under GST law, tax rates are determined by

    • Correct Answer: C. GST Council

Q. 15   The lowest tax rate under GST is

    • Correct Answer: A. 0.25%

Q. 16   The shortcut used to activate calculator is

    • Correct Answer: D. Ctrl + N

Q. 17   What is MRP ?

    • Correct Answer: B. Maximum Retail Price

Q. 18   Transfer of materials from one godown to another godown, use

    • Correct Answer: A. Stock Journal

Q. 19   Which shortcut key is used to view configure in Tally ?

    • Correct Answer: D. F12

Q. 20   Which shortcut key is used for Select Company in Tally ?

    • Correct Answer: B. Alt + F3

Q. 21   ___ is the shortcut to purchase voucher from Accounting Vouchers in Tally.

    • Correct Answer: B. F9

Q. 22   Find out which is not a Default Ledger in Tally.

    • Correct Answer: C. Capital Account

Q. 23   ___ gives the balance for each day for the voucher type has been selected.

    • Correct Answer: C. Daybook

Q. 24   ___ is the shortcut to create contra voucher in Tally.

    • Correct Answer: C. F4

Q. 25   ___ is the shortcut to stock journal from inventory Vouchers in Tally.

    • Correct Answer: C. Alt + F7

Q. 26   Which option is used to make changes in created Groups of Ledgers in Tally ?

    • Correct Answer: A. Alter

Q. 27   To hide the name of the Company you need to define

    • Correct Answer: A. Tally Vault Password

Q. 28   Which option is used to exit Tally ?

    • Correct Answer: B. Quit

Q. 29   Which option is used in Tally to make changes in created company ?

    • Correct Answer: C. Alter

Q. 30   Which of the following is not compulsory to create while entry in Accounts with Inventory ?

    • Correct Answer: B. Stock Categories

Q. 31   To create a sales voucher in tally, you have to press ___

    • Correct Answer: D. F8

Q. 32   BOM represents

    • Correct Answer: A. Bill of Materials

Q. 33   Party account can be created through

    • Correct Answer: C. Ledger creation window

Q. 34   ___ is the shortcut to change the accounting period from Gateway of Tally.

    • Correct Answer: C. Alt + F2

Q. 35   The tax collected by the seller from the buyer is generally called

    • Correct Answer: C. Tax Collected at Source (TCS)

Q. 36   TDS is applied on which of the following incomes ?

    • Correct Answer: D. All of these

Q. 37   The tax collected by the employer towards income of an employee is called

    • Correct Answer: D. Tax Deducted at Source (TDS)

Q. 38   ___ is a record of all monetary transactions.

    • Correct Answer: A. Account

Q. 39   Which option is used to copy company's data into pen drive or cd ?

    • Correct Answer: B. Backup

Q. 40   Stock maintained for production purpose is called

    • Correct Answer: A. Inventory

Q. 41   Where do we record credit purchase of furniture in Tally ?

    • Correct Answer: A. Journal

Q. 42   Which ledger is created by Tally automatically as soon as we create a new company ?

    • Correct Answer: D. Both (Profit & Loss A/c) and (Cash)

Q. 43   A Debit note is a statement sent to the __ by the __

    • Correct Answer: B. Seller, buyer

Q. 44   In which voucher type credit sales is recorded in Tally ?

    • Correct Answer: D. F8:Sales

Q. 45   ___ denotes movable or immovable property and inventory.

    • Correct Answer: A. Asset

Q. 46   In tally you get currency symbol option from ___ menu.

    • Correct Answer: A. Company creation

Q. 47   The shortcut key to quit from Tally is

    • Correct Answer: B. Ctrl + Q

Q. 48   Which of the following is not a transaction

    • Correct Answer: D. An employee is dismissed from the job

Q. 49   Salary Account comes under which head

    • Correct Answer: B. Indirect Expenses

Q. 50   'Alias' represents

    • Correct Answer: D. All of these

Q. 51   Where do we record interest received, commission received or rent received in Tally

    • Correct Answer: C. Receipt

Q. 52   By which option Purchase or Sales register can be viewed ?

    • Correct Answer: A. Accounts Books

Q. 53   Voucher class is a pre-defined voucher type that helps to

    • Correct Answer: D. All of these

Q. 54   What is the utility of Tally Vault Password ?

    • Correct Answer: D. Both (It will not shows the company name in the company select list) and (It will lock all voucher entries for that company)

Q. 55   Discount Column is available in

    • Correct Answer: D. Both (Sales Invoice) and (Purchase Invoice)

Q. 56   Which of the following is the predefined stock category in tally ?

    • Correct Answer: C. Primary

Q. 57   Recording of actual stock as physically verified or counted is done through

    • Correct Answer: D. Physical Stock

Q. 58   Which group [Under] should be selected for TDS on Advertisement A/C ?

    • Correct Answer: D. Duties and Taxes

Q. 59   To primarily open a report, and create masters and vouchers in the flow of work, which shortcut key is used in tally prime ?

    • Correct Answer: D. Alt + G

Q. 60   To open the print menu for printing transactions or reports, which shortcut key is used in tally prime ?

    • Correct Answer: B. Alt + P

Q. 61   To open the export menu for exporting masters, transactions, or reports, which shortcut key is used in tally prime ?

    • Correct Answer: B. Alt + E

Q. 62   To open Sales Order, which shortcut key is used in tally prime ?

    • Correct Answer: B. Ctrl + F8

Q. 63   To open Payroll voucher, which shortcut key is used in tally prime ?

    • Correct Answer: A. Ctrl + F4

Q. 64   Tally is an _________ software.

    • Correct Answer: A. Accounting

Q. 65   tally was developed by which company

    • Correct Answer: B. Tally solutions Pvt. Ltd.

Q. 66   Tally was founded by ______

    • Correct Answer: C. Shyam Sunder Goenka

Q. 67   Tally prime launched in ______

    • Correct Answer: D. year 2020

Q. 68   A Financial Year (FY) is the period between ______ and _______

    • Correct Answer: A. 1st April, 31st March

Q. 69   The full form of INR is

    • Correct Answer: B. Indian rupees

Q. 70   Which option is not given in gateway of tally ?

    • Correct Answer: B. Ledger

Q. 71   Which option is not given during company creation ?

    • Correct Answer: B. Alias

Q. 72   Shortcut key for help menu in tally prime is ____

    • Correct Answer: D. F1

Q. 73   Can we create multiple companies in tally prime ?

    • Correct Answer: A. Yes

Q. 74   Shortcut key to open the company menu with the list of actions related to managing your company is _____

    • Correct Answer: A. Alt + F3

Q. 75   Steps to create ledgers in tally prime is _______

    • Correct Answer: B. Gateway of tally > create > ledger

Q. 76   Shortcut key for creating ledger during voucher entry is ______

    • Correct Answer: B. Alt + C

Q. 77   Which ledgers already exists in tally ?

    • Correct Answer: C. Cash, profit & loss account

Q. 78   How many groups are there in tally prime ?

    • Correct Answer: A. 28 groups

Q. 79   Rent ledger is created under which group ?

    • Correct Answer: A. Indirect expenses

Q. 80   ______ is a fixed assets.

    • Correct Answer: D. Land

Q. 81   We purchase goods from kartik Bhai on credit then he is our ______

    • Correct Answer: A. Creditor

Q. 82   We sale goods to Kunal Bhai on credit then he is our _______

    • Correct Answer: B. Debtor

Q. 83   During sales voucher entry we choose party a/c name whose under group is ______

    • Correct Answer: A. Sundry debtors

Q. 84   During purchase voucher entry we choose party a/c name whose under group is ______

    • Correct Answer: B. Sundry creditors

Q. 85   If owner brings cash in business then it is called ______

    • Correct Answer: D. Capital

Q. 86   If owner withdraws cash from business then it is called ______

    • Correct Answer: D. Drawings

Q. 87   ________ means your Credit customer from which you have to receive money for good supplied or services rendered on credit.

    • Correct Answer: A. Sundry debtors

Q. 88   ______ means your credit supplier to which you have to pay money for buying goods or services on credit.

    • Correct Answer: B. Sundry creditors

Q. 89   Commission received is an ______ for us.

    • Correct Answer: B. Indirect income

Q. 90   Rent received ledger comes under which group ?

    • Correct Answer: B. Indirect incomes

Q. 91   how much digits are in a bank ifsc code number ?

    • Correct Answer: A. 11 digits

Q. 92   Bank's loan is our ________

    • Correct Answer: C. Liability

Q. 93   Shortcut key for payment voucher is ______

    • Correct Answer: A. F5

Q. 94   Payment voucher is used to account all the payments made by the company by way of ________

    • Correct Answer: C. Cash/bank

Q. 95   What is the full form of DR in tally ?

    • Correct Answer: B. Debit record

Q. 96   What is the full form of CR in tally ?

    • Correct Answer: B. Credit record

Q. 97   Payment of salary must be recorded in _________ voucher.

    • Correct Answer: D. Payment

Q. 98   Drawings by owner must be recorded in _______ voucher.

    • Correct Answer: D. Payment

Q. 99   Payment to creditors must be recorded in _______ voucher.

    • Correct Answer: D. Payment

Q. 100   Shortcut key for receipt voucher is ______

    • Correct Answer: C. F6

Q. 101   When in any transaction cash or bank is debited it is recorded in ________ voucher.

    • Correct Answer: A. Receipt

Q. 102   Brokerage received by cash or bank must be recorded in _______ voucher.

    • Correct Answer: A. Receipt

Q. 103   Payment received from debtors must be recorded in ________ voucher.

    • Correct Answer: D. Receipt

Q. 104   Owner brings capital in business this entry must be recorded in ________ voucher.

    • Correct Answer: B. Receipt

Q. 105   Shortcut key for Contra voucher is ______

    • Correct Answer: C. F4

Q. 106   Transaction that happens between _____&_____ must be recorded in Contra voucher.

    • Correct Answer: A. Business, bank

Q. 107   If we transfer bank balance from our one bank account to another then it must be recorded in ______ voucher.

    • Correct Answer: C. Contra

Q. 108   Cash withdrawn from bank and deposited in Bank these transactions must be recorded in _______ voucher.

    • Correct Answer: A. Contra

Q. 109   Steps to open Contra voucher in tally prime is _________

    • Correct Answer: A. Gateway of Tally > Vouchers > Select F4: Contra.

Q. 110   How to enable company features in tally prime ?

    • Correct Answer: C. Press F11 from gateway of tally

Q. 111   Stock group comes under _______ head in tally prime.

    • Correct Answer: A. Inventory masters

Q. 112   What would be formal name for the symbol KGS in unit creation ?

    • Correct Answer: A. Kilograms

Q. 113   What would be formal name for the symbol KLR in unit creation ?

    • Correct Answer: C. Kilolitre

Q. 114   What would be the symbol for the formal name numbers in unit creation ?

    • Correct Answer: A. NOS

Q. 115   What would be the symbol for the formal name pieces in unit creation?

    • Correct Answer: B. PCS

Q. 116   If my stock item is mobile phone then it's unit should be ______

    • Correct Answer: C. NOS

Q. 117   How to create stock item in tally ?

    • Correct Answer: A. Gateway of Tally > Create > select Stock Item.

Q. 118   In order to delete a voucher, press ______

    • Correct Answer: A. Alt + D

Q. 119   Can we create stock item during voucher entry ?

    • Correct Answer: A. Yes

Q. 120   How to view day book in tally prime ?

    • Correct Answer: A. Gateway of tally > Daybook

Q. 121   Shortcut key for purchase order voucher is ______

    • Correct Answer: B. Ctrl + F9

Q. 122   Shortcut key for sales order voucher is ______

    • Correct Answer: D. Ctrl + F8

Q. 123   Creating price list would be useful in _______ voucher.

    • Correct Answer: B. Sales

Q. 124   Stock journal voucher is used for __________

    • Correct Answer: C. Stock transfer

Q. 125   Can we create multiple godowns/locations in tally prime ?

    • Correct Answer: A. Yes

Q. 126   The full form of POS is ________

    • Correct Answer: B. Point of sales

Q. 127   Multiple payment modes is available in POS invoicing.

    • Correct Answer: A. True

Q. 128   do you need to create point of sales invoice voucher to use it ?

    • Correct Answer: A. Yes

Q. 129   Where do you see cash and bank reports in tally prime ?

    • Correct Answer: A. Gateway of Tally > Display More Reports > Account Books > Cash/Bank Book(s)

Q. 130   Where do you see sales reports in tally prime ?

    • Correct Answer: A. Gateway of Tally > Display More Reports > Account Books > Sales Register

Q. 131   Where do you see purchase reports in tally prime ?

    • Correct Answer: B. Gateway of Tally > Display More Reports > Account Books > purchase Register

Q. 132   What are the tax/taxes levied on an intra-State supply ?

    • Correct Answer: C. CGST & SGST

Q. 133   Which of the following taxes have been subsumed in GST ?

    • Correct Answer: D. All of the above

Q. 134   GST is levied on supply of all goods and service except.....

    • Correct Answer: A. Alcoholic liquor for human consumption

Q. 135   GST is a comprehensive tax regime covering _________

    • Correct Answer: C. Both goods and services

Q. 136   GST Stands for

    • Correct Answer: C. Goods and Service Tax

Q. 137   GST is __________based tax on consumption of goods and services.

    • Correct Answer: B. Destination

Q. 138   What does 'I' Stands for in IGST ?

    • Correct Answer: C. Integrated

Q. 139   How many types of taxes will be in indian GST ?

    • Correct Answer: C. Four

Q. 140   Full form of TCS is ________

    • Correct Answer: D. Tax Collected at Source

Q. 141   Full form of TDS is _________

    • Correct Answer: D. Tax Deducted at Source

Q. 142   Stock category and stock group are same.

    • Correct Answer: B. False

Q. 143   What are the tax/taxes levied on an interState supply ?

    • Correct Answer: D. IGST

Q. 144   Income tax is a

    • Correct Answer: A. Direct tax

Q. 145   BOI consist of

    • Correct Answer: A. Individual only

Q. 146   Health & Education cess is

    • Correct Answer: C. 4%

Q. 147   Education allowance is exempted

    • Correct Answer: C. Rs. 100 per month up to 2 child

Q. 148   capital assets includes

    • Correct Answer: C. shares

Q. 149   Full form of STCG

    • Correct Answer: A. Short term capital gains

Q. 150   Income tax is levied on those individuals

    • Correct Answer: B. whose income is more than exempted limit in any previous year

Q. 151   Full form of LTCG

    • Correct Answer: A. Long term capital gains

Q. 152   TDS deduction entry can be made through

    • Correct Answer: B. Journal Voucher

Q. 153   Which option is used in Tally to close Company ?

    • Correct Answer: B. Shut Company

Q. 154   The structure in Indian GST model

    • Correct Answer: B. 4

Q. 155   In which voucher type credit purchase goods entry is posted in Tally?

    • Correct Answer: D. F9: Purchase

Q. 156   T.D.S. is not deducted on lottery income up total Amount

    • Correct Answer: A. 10,000

Q. 157   Latest version of tally is ______

    • Correct Answer: D. Tally Prime

Q. 158   Tax at source will be deducted on winnings from lotteries.

    • Correct Answer: A. 30 %

Q. 159   Which menu is used to create new ledgers, groups and voucher types in Tally?

    • Correct Answer: A. Masters

Q. 160   We can get the report of interest from

    • Correct Answer: A. Statements of Accounts

Q. 161   Goods returning to a Creditor after delivery but before bill we need to pass

    • Correct Answer: D. Rejection Out

Q. 162   To view list of all vouchers, which shortcut key is used in tally prime?

    • Correct Answer: C. F10

Q. 163   Which option is selected from Company Info Menu to divide company data into two financial years?

    • Correct Answer: A. Split Company Data

Q. 164   To zoom a print preview screen which short cut key is used?

    • Correct Answer: C. Alt+Z

Q. 165   During voucher entry in Tally Prime, which shortcut key is used to "Change Party Details"?

    • Correct Answer: C. Ctrl + Enter

Q. 166   To select a different company, you use:

    • Correct Answer: C. F3

Q. 167   During voucher entry, to toggle between Single Entry Mode and Double Entry Mode, which shortcut is used?

    • Correct Answer: B. Ctrl + H

Q. 168   In Tally Prime, the shortcut Alt + K is used for:

    • Correct Answer: A. Company Menu

Q. 169   In Tally Prime Day Book, which shortcut key is used to select (mark) a voucher entry?

    • Correct Answer: C. Space

Q. 170   Which shortcut in Tally Prime expands all levels of details in a report?

    • Correct Answer: B. Alt + F1

Q. 171   Cost Centers are used in Tally Prime to:

    • Correct Answer: A. Allocate expenses and incomes to specific departments/projects

Q. 172   In GST configuration, “Set/Alter GST Details” appears under:

    • Correct Answer: C. Both Ledger & Stock Item Screens

Q. 173   Which of the following allows maintaining stock at multiple locations?

    • Correct Answer: C. Enable Godown Feature

Q. 174   In Tally Prime, Outstanding Receivables and Payables can be seen under:

    • Correct Answer: C. Statements of Accounts

Q. 175   In Tally Prime, which voucher records depreciation on fixed assets?

    • Correct Answer: C. Journal Voucher

Q. 176   Debit Note is generally used for:

    • Correct Answer: B. Purchase Return

Q. 177   Which voucher type records advance received from a customer?

    • Correct Answer: C. Receipt Voucher

Q. 178   Which voucher type is used to record Goods Sent on Approval?

    • Correct Answer: A. Delivery Note

Q. 179   TDS on Commission in Tally Prime is created under which group?

    • Correct Answer: A. Duties & Taxes

Q. 180   Which feature must be enabled to use Payroll in Tally Prime?

    • Correct Answer: B. Enable Payroll in F11

Q. 181   Which payroll report in Tally Prime shows employee attendance and salary?

    • Correct Answer: A. Pay Sheet

Q. 182   Which statutory compliance is linked with employee salary in Tally Prime?

    • Correct Answer: B. PF & ESI

Q. 183   .Which option allows stock to be classified based on characteristics like "Raw Material, Finished Goods"?

    • Correct Answer: A. Stock Group

Q. 184   In Tally Prime, Godowns are also referred to as:

    • Correct Answer: B. Warehouses

Q. 185   In which scenario is BOM used in Tally Prime?

    • Correct Answer: C. For defining components of a finished product

Q. 186   Which report displays net profit or loss of the company?

    • Correct Answer: C. Profit & Loss A/c

Q. 187   Which voucher type is used to adjust outstanding expenses at year-end?

    • Correct Answer: A. Journal Voucher

Q. 188   Which stock feature allows assigning MRP and selling prices?

    • Correct Answer: A. Price List

Q. 189   In Tally Prime, when multiple price levels (e.g., Retail, Wholesale, Export) are enabled, they are linked with:

    • Correct Answer: C. Both Stock Item & Voucher Entry

Q. 190   TDS under Section 194BA is applicable on:

    • Correct Answer: B. Winnings from online games

Q. 191   Which shortcut is used to change the data entry language in Tally Prime?

    • Correct Answer: B. Ctrl + W

Q. 192   Which shortcut is used to split company data in Tally Prime?

    • Correct Answer: C. Alt + Y

Q. 193   Which shortcut is used to open Advanced Filter in Tally Prime?

    • Correct Answer: C. F7

Q. 194   Where can you view “Cheque Printing” option in Tally Prime?

    • Correct Answer: A. Gateway of Tally - Banking - Cheque Printing

Q. 195   Which option in Tally Prime is used to change the company financial year?

    • Correct Answer: A. Company Info - Alter

Q. 196   Interest Calculation in Tally Prime is enabled from:

    • Correct Answer: A. F11 - Accounting Features - Activate Interest Calculation

Q. 197   in Tally Prime how to adding Opening Balance in Cash?

    • Correct Answer: C. Alter >> Ledger

Q. 198   Where do you configure Manual numbering in Tally Prime?

    • Correct Answer: B. Gateway of Tally - Alter Voucher Type

Q. 199   Aggregate Turnover limit for GST registration in most states for goods is:

    • Correct Answer: B. 40 Lakhs

Q. 200   E-Way Bill is mandatory when the value of goods exceeds:

    • Correct Answer: B. 50,000