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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   TDS deduction entry can be made through

    • Correct Answer: B. Journal Voucher (3)

Q. 4   GST was implemented in India from

    • Correct Answer: D. 1st July 2017

Q. 5   The number of structures in India's GST model is four.

    • Correct Answer: B. for

Q. 6   For Export of Data from Company to Company Tally uses

    • Correct Answer: A. XML Format

Q. 7   To get Payroll Reports choose

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

Q. 8   What is the predefined number of groups in tally ?

    • Correct Answer: B. 28 pre

Q. 9   Which option is used to view Stock Items or Group Summary ?

    • Correct Answer: D. Inventory Books

Q. 10   To declare a voucher as post dated press

    • Correct Answer: C. Ctrl + T

Q. 11   _____ is the shortcut to company info from Gateway of Tally.

    • Correct Answer: C. Alt + F3

Q. 12   Which group [Under] should be selected for TDS on Professional or Technical Services A/C ?

    • Correct Answer: C. Duties & Taxes

Q. 13   Online voucher creation from Day Book report by pressing

    • Correct Answer: A. Alt + A

Q. 14   Details of outward supply shall be furnished in

    • Correct Answer: D. GSTR-1

Q. 15   SGST is applicable when

    • Correct Answer: A. 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

    • Correct Answer: D. IGST is applicable

Q. 17   The highest GST rate applicable now is

    • Correct Answer: B. 28%

Q. 18   Under GST law, tax rates are determined by

    • Correct Answer: C. GST Council

Q. 19   The lowest tax rate under GST is

    • Correct Answer: A. 0.25%

Q. 20   Goods which are used or intended to be used in the course or furtherance of business are

    • Correct Answer: C. Capital goods

Q. 21   Which option is used in Tally to close opened Company ?

    • Correct Answer: B. Shut Company

Q. 22   The shortcut used to activate calculator is

    • Correct Answer: D. Ctrl + N

Q. 23   What is MRP ?

    • Correct Answer: B. Maximum Retail Price

Q. 24   Transfer of materials from one godown to another godown, use

    • Correct Answer: A. Stock Journal

Q. 25   Which shortcut key is used to view configure in Tally ?

    • Correct Answer: D. F12

Q. 26   In which voucher type credit purchase entry is posted in Tally ?

    • Correct Answer: D. F9:Purchase

Q. 27   Bank OCC a/c is a group defined under

    • Correct Answer: A. Loan & Liability

Q. 28   Which shortcut key is used for Select Company in Tally ?

    • Correct Answer: B. Alt + F3

Q. 29   ___ is the shortcut to purchase voucher from Accounting Vouchers in Tally.

    • Correct Answer: B. F9

Q. 30   Find out which is not a Default Ledger in Tally.

    • Correct Answer: C. Capital Account

Q. 31   ___ gives the balance for each day for the voucher type has been selected.

    • Correct Answer: C. Daybook

Q. 32   ___ is the shortcut to create contra voucher in Tally.

    • Correct Answer: C. F4

Q. 33   ___ is the shortcut to stock journal from inventory Vouchers in Tally.

    • Correct Answer: C. Alt + F7

Q. 34   Which option is used to make changes in created Groups of Ledgers in Tally ?

    • Correct Answer: A. Alter

Q. 35   To hide the name of the Company you need to define

    • Correct Answer: A. Tally Vault Password

Q. 36   Which option is used to exit Tally ?

    • Correct Answer: B. Quit

Q. 37   Which option is used in Tally to make changes in created company ?

    • Correct Answer: C. Alter

Q. 38   Which of the following is not compulsory to create while entry in Accounts with Inventory ?

    • Correct Answer: B. Stock Categories

Q. 39   To create a sales voucher in tally, you have to press ___

    • Correct Answer: D. F8

Q. 40   BOM represents

    • Correct Answer: A. Bill of Materials

Q. 41   Party account can be created through

    • Correct Answer: C. Ledger creation window

Q. 42   Full form of LTCG

    • Correct Answer: A. Long term capital gains

Q. 43   ___ is the shortcut to change the accounting period from Gateway of Tally.

    • Correct Answer: C. Alt + F2

Q. 44   The tax collected by the seller from the buyer is generally called

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

Q. 45   TDS is applied on which of the following incomes ?

    • Correct Answer: D. All of these

Q. 46   The tax collected by the employer towards income of an employee is called

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

Q. 47   ___ is a record of all monetary transactions.

    • Correct Answer: A. Account

Q. 48   Which option is used to copy company's data into pen drive or cd ?

    • Correct Answer: B. Backup

Q. 49   Stock maintained for production purpose is called

    • Correct Answer: A. Inventory

Q. 50   Where do we record credit purchase of furniture in Tally ?

    • Correct Answer: A. Journal

Q. 51   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. 52   A Debit note is a statement sent to the __ by the __

    • Correct Answer: B. Seller, buyer

Q. 53   In which voucher type credit sales is recorded in Tally ?

    • Correct Answer: D. F8:Sales

Q. 54   ___ denotes movable or immovable property and inventory.

    • Correct Answer: A. Asset

Q. 55   In tally you get currency symbol option from ___ menu.

    • Correct Answer: A. Company creation

Q. 56   The shortcut key to quit from Tally is

    • Correct Answer: B. Ctrl + Q

Q. 57   Which account is the odd one

    • Correct Answer: C. Stock of raw materials

Q. 58   Which of the following is the example of external users of accounting information

    • Correct Answer: A. Government

Q. 59   Which of the following is not a transaction

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

Q. 60   Salary Account comes under which head

    • Correct Answer: B. Indirect Expenses

Q. 61   'Alias' represents

    • Correct Answer: D. All of these

Q. 62   Where do we record interest received, commission received or rent received in Tally

    • Correct Answer: C. Receipt

Q. 63   By which option Purchase or Sales register can be viewed ?

    • Correct Answer: A. Accounts Books

Q. 64   Sales Tax Ledger falls under which Group ?

    • Correct Answer: D. Duties and Taxes

Q. 65   Voucher class is a pre-defined voucher type that helps to

    • Correct Answer: D. All of these

Q. 66   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. 67   Discount Column is available in

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

Q. 68   Which of the following is the predefined stock category in tally ?

    • Correct Answer: C. Primary

Q. 69   Recording of actual stock as physically verified or counted is done through

    • Correct Answer: D. Physical Stock

Q. 70   Which group [Under] should be selected for TDS on Advertisement A/C ?

    • Correct Answer: D. 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 ?

    • Correct Answer: D. Alt + G

Q. 72   To open the e-mail menu for sending transactions or reports, which shortcut key is used in tally prime ?

    • Correct Answer: C. Alt + M

Q. 73   Income tax is levied on those individuals

    • Correct Answer: B. 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

    • Correct Answer: A. 10,000

Q. 75   To open the print menu for printing transactions or reports, which shortcut key is used in tally prime ?

    • Correct Answer: B. Alt + P

Q. 76   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. 77   Predefined Billing terms can be maintained through

    • Correct Answer: D. Voucher Class

Q. 78   While exporting Ledgers from Tally to Web page, we use

    • Correct Answer: B. HTML Format

Q. 79   To open Sales Order, which shortcut key is used in tally prime ?

    • Correct Answer: B. Ctrl + F8

Q. 80   Full form of STCG

    • Correct Answer: A. Short term capital gains

Q. 81   To open Payroll voucher, which shortcut key is used in tally prime ?

    • Correct Answer: A. Ctrl + F4

Q. 82   capital assets includes

    • Correct Answer: C. shares

Q. 83   Income tax is a

    • Correct Answer: A. Direct tax

Q. 84   Tally is an _________ software.

    • Correct Answer: A. Accounting

Q. 85   tally was developed by which company

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

Q. 86   Tally was founded by ______

    • Correct Answer: C. Shyam Sunder Goenka

Q. 87   Lastest version of tally is ______

    • Correct Answer: D. Tally Prime

Q. 88   Tally prime launched in ______

    • Correct Answer: D. year 2020

Q. 89   A Financial Year (FY) is the period between ______ and _______

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

Q. 90   The full form of INR is

    • Correct Answer: B. Indian rupees

Q. 91   Which option is not given in gateway of tally ?

    • Correct Answer: B. Ledger

Q. 92   Which option is not given during company creation ?

    • Correct Answer: B. Alias

Q. 93   Shortcut key for help menu in tally prime is ____

    • Correct Answer: D. F1

Q. 94   Can we create multiple companies in tally prime ?

    • Correct Answer: A. Yes

Q. 95   Shortcut key to open the company menu with the list of actions related to managing your company is _____

    • Correct Answer: A. Alt + F3

Q. 96   Steps to create ledgers in tally prime is _______

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

Q. 97   Shortcut key for creating ledger during voucher entry is ______

    • Correct Answer: B. Alt + C

Q. 98   Which ledgers already exists in tally ?

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

Q. 99   How many groups are there in tally prime ?

    • Correct Answer: A. 28 groups

Q. 100   Rent ledger is created under which group ?

    • Correct Answer: A. Indirect expenses

Q. 101   ______ is a fixed assets.

    • Correct Answer: D. Land

Q. 102   We purchase goods from kartik Bhai on credit then he is our ______

    • Correct Answer: A. Creditor

Q. 103   We sale goods to Kunal Bhai on credit then he is our _______

    • Correct Answer: B. Debtor

Q. 104   During sales voucher entry we choose party a/c name whose under group is ______

    • Correct Answer: A. Sundry debtors

Q. 105   During purchase voucher entry we choose party a/c name whose under group is ______

    • Correct Answer: B. Sundry creditors

Q. 106   If owner brings cash in business then it is called ______

    • Correct Answer: D. Capital

Q. 107   If owner withdraws cash from business then it is called ______

    • Correct Answer: D. Drawings

Q. 108   ________ 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. 109   ______ means your credit supplier to which you have to pay money for buying goods or services on credit.

    • Correct Answer: B. Sundry creditors

Q. 110   Commission received is an ______ for us.

    • Correct Answer: B. Indirect income

Q. 111   Rent received ledger comes under which group ?

    • Correct Answer: B. Indirect incomes

Q. 112   how much digits are in a bank ifsc code number ?

    • Correct Answer: A. 11 digits

Q. 113   Bank's loan is our ________

    • Correct Answer: C. Liability

Q. 114   Shortcut key for payment voucher is ______

    • Correct Answer: A. F5

Q. 115   Payment voucher is used to account all the payments made by the company by way of ________

    • Correct Answer: C. Cash/bank

Q. 116   What is the full form of DR in tally ?

    • Correct Answer: B. Debit record

Q. 117   What is the full form of CR in tally ?

    • Correct Answer: B. Credit record

Q. 118   Payment of salary must be recorded in _________ voucher.

    • Correct Answer: D. Payment

Q. 119   Drawings by owner must be recorded in _______ voucher.

    • Correct Answer: D. Payment

Q. 120   Payment to creditors must be recorded in _______ voucher.

    • Correct Answer: D. Payment

Q. 121   Shortcut key for receipt voucher is ______

    • Correct Answer: C. F6

Q. 122   When in any transaction cash or bank is debited it is recorded in ________ voucher.

    • Correct Answer: A. Receipt

Q. 123   Brokerage received by cash or bank must be recorded in _______ voucher.

    • Correct Answer: A. Receipt

Q. 124   Payment received from debtors must be recorded in ________ voucher.

    • Correct Answer: D. Receipt

Q. 125   Owner brings capital in business this entry must be recorded in ________ voucher.

    • Correct Answer: B. Receipt

Q. 126   Shortcut key for Contra voucher is ______

    • Correct Answer: C. F4

Q. 127   Transaction that happens between _____&_____ must be recorded in Contra voucher.

    • Correct Answer: A. Business, bank

Q. 128   If we transfer bank balance from our one bank account to another then it must be recorded in ______ voucher.

    • Correct Answer: C. Contra

Q. 129   Cash withdrawn from bank and deposited in Bank these transactions must be recorded in _______ voucher.

    • Correct Answer: A. Contra

Q. 130   Steps to open Contra voucher in tally prime is _________

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

Q. 131   How to enable company features in tally prime ?

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

Q. 132   Stock group comes under _______ head in tally prime.

    • Correct Answer: A. Inventory masters

Q. 133   What would be formal name for the symbol KGS in unit creation ?

    • Correct Answer: A. Kilograms

Q. 134   What would be formal name for the symbol KLR in unit creation ?

    • Correct Answer: C. Kilolitre

Q. 135   What would be the symbol for the formal name numbers in unit creation ?

    • Correct Answer: A. NOS

Q. 136   What would be the symbol for the formal name pieces in unit creation?

    • Correct Answer: B. PCS

Q. 137   If my stock item is mobile phone then it's unit should be ______

    • Correct Answer: C. NOS

Q. 138   How to create stock item in tally ?

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

Q. 139   In order to delete a voucher, press ______

    • Correct Answer: A. Alt + D

Q. 140   Can we create stock item during voucher entry ?

    • Correct Answer: A. Yes

Q. 141   How to view day book in tally prime ?

    • Correct Answer: A. Gateway of tally > Daybook

Q. 142   Shortcut key for purchase order voucher is ______

    • Correct Answer: B. Ctrl + F9

Q. 143   Shortcut key for sales order voucher is ______

    • Correct Answer: D. Ctrl + F8

Q. 144   Creating price list would be useful in _______ voucher.

    • Correct Answer: B. Sales

Q. 145   Stock journal voucher is used for __________

    • Correct Answer: C. Stock transfer

Q. 146   Can we create multiple godowns/locations in tally prime ?

    • Correct Answer: A. Yes

Q. 147   The full form of POS is ________

    • Correct Answer: B. Point of sales

Q. 148   Multiple payment modes is available in POS invoicing.

    • Correct Answer: A. True

Q. 149   do you need to create point of sales invoice voucher to use it ?

    • Correct Answer: A. Yes

Q. 150   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. 151   Where do you see sales reports in tally prime ?

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

Q. 152   Where do you see purchase reports in tally prime ?

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

Q. 153   IGST is payable when the supply is …………

    • Correct Answer: A. Interstate

Q. 154   What are the tax/taxes levied on an intra-State supply ?

    • Correct Answer: C. CGST & SGST

Q. 155   Which of the following taxes have been subsumed in GST ?

    • Correct Answer: D. All of the above

Q. 156   GST is levied on supply of all goods and service except.....

    • Correct Answer: A. Alcoholic liquor for human consumption

Q. 157   GST is a comprehensive tax regime covering _________

    • Correct Answer: C. Both goods and services

Q. 158   GST Stands for

    • Correct Answer: C. Goods and Service Tax

Q. 159   GST is __________based tax on consumption of goods and services.

    • Correct Answer: B. Destination

Q. 160   What does 'I' Stands for in IGST ?

    • Correct Answer: C. Integrated

Q. 161   How many types of taxes will be in indian GST ?

    • Correct Answer: C. Four

Q. 162   Full form of TCS is ________

    • Correct Answer: D. Tax Collected at Source

Q. 163   Full form of TDS is _________

    • Correct Answer: D. 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.

    • Correct Answer: B. Income

Q. 165   BOI consist of

    • Correct Answer: A. Individual only

Q. 166   Health & Education cess is

    • Correct Answer: C. 4%

Q. 167   Education allowance is exempted

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

Q. 168   Tax at source will be deducted @ ………… on winnings from lotteries.

    • Correct Answer: A. 30 %

Q. 169   Stock category and stock group are same.

    • Correct Answer: B. False

Q. 170   What are the tax/taxes levied on an interState supply ?

    • Correct Answer: D. IGST