Manage Question

Action Question Subject

The shortcut used to activate calculator is 


A. CTRL+ N
B. CTRL+ M
C. CTRL+ A
D. CTRL+ S
Ans. A
Tally

For entries involving both cash and Bank transactions, we use ____________voucher


A. Contra voucher
B. Sales voucher
C. Purchase voucher
D. Journal voucher
Ans. A
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 To open/create a sales voucher in tally , you have to press _________ button.


A. F9
B. F8
C. F5
D. F7
Ans. B
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_____ is the submenu used for voucher entry.


A. Vouchers
B. Accounts Info.
C. Accounting Vouchers
D. None of these
Ans. C
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 In tally, “credit note” voucher type records entry for __________


A. None of these
B. Both of these
C. Purchase Return
D. Sales Return
Ans. D
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We record all type of adjustment entry under ________________ in Tally.


A. F7:Journal
B. F6:Receipt
C. F4:Contra
D. F5:Payment
Ans. A
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The shortcut key to quit from tally is


A. Ctrl +L
B. Ctrl +P
C. Ctrl +M
D. Ctrl +Q
Ans. D
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F12 key is Known as


A. Company feature
B. Company Configuration
C. Accounting Feature
D. None of these
Ans. B
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 To print a voucher from tally we need to press


A. Ctrl +p
B. Shift +P
C. Alt +P
D. None of these
Ans. C
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we can Modify an existing company from


A. Company info > Alter
B. Company info> Alter Company
C. Geteway of tally > Modify company
D. None of these
Ans. A
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Multiple Godowns are activated from


A. F11
B. F11> F1
C. F11 > F2
D. F11 > F3
Ans. C
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There are ………… Predefined Ledger


A. Three
B. Three
C. Two
D. Four
Ans. C
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 Which key is pressed to go to Gateway of Tally from company Info. Menu?


A. Esc
B. Alt
C. Enter
D. Ctrl+Enter
Ans. A
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 Balance sheet display _________


A. Bank and cash Balances
B. Entire summary of the all Transaction
C. Exact financial position of the business on specific date
D. Entire summary of the all Transaction
Ans. C
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 Rates & Taxes comes under ____________ Groups.


A. Income
B. Duties & Taxes
C. Expenditure
D. None of the above
Ans. B
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 TDS is applied on which of the following incomes?


A. Professional Fee
B. Commission of lottery ticket
C. Salary Income
D. All of these
Ans. D
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All expenses and losses always having _________?


A. Credit balance
B. Debit balance
C. Balance entered in voucher
D. Exact difference balance
Ans. B
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In Tally, which voucher type is used to transfer amount from one bank to another?


A. Payment
B. Receipt
C. Journal
D. Contra
Ans. D
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To create a sales voucher in tally, you have to press the key _______


A. F5
B. F7
C. F6
D. F8
Ans. D
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 For what period is a registration certificate valid?


A. 5 Years
B. 10 Years
C. Till Not Cancelled
D. 1 Year
Ans. C
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 Is PAN Number mandatory for GST Registration?


A. Yes
B. No
C. Not Applicable
D. Non-Mandate
Ans. A
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 In which purchase is IGST Payable?


A. Intra State
B. Inter State
C. Inter Continents
D. Inter Union Territories
Ans. B
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CGST and SGST are levied as a part of which purchase?


A. Inter Continent
B. Intra State
C. Inter-State
D. None of the above
Ans. B
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 What is the GST rate slab for Goods & Services?


A. 0% 5% 12% 18% 26%
B. 0% 6% 12% 18% 28%
C. 0% 5% 12% 18% 28%
D. 0% 5% 12% 16% 28%
Ans. C
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 When did GST come into action in India?


A. 1st Jan 2015
B. 1st April 2014
C. 1st July 2017
D. 30th September 2017
Ans. C
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Which shortcut key is pressed for voucher entry or deleting a ledger?


A. Alt + A
B. Alt + C
C. Alt + X
D. Alt + D
Ans. D
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Which shortcut key is used to export data of any company in Microsoft Excel spreadsheet or in any other company?


A. Alt + E
B. Alt + P
C. Alt + S
D. Alt + O
Ans. B
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Which shortcut key is used to take print of any report in Tally?


A. Ctrl + P
B. Shift + P
C. Alt + Ctrl + P
D. Alt + P
Ans. D
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Which submenu is used to create new ledgers, groups and voucher types in Tally?


A. Inventory Info
B. Account Info
C. Accounting Vouchers
D. Inventory Vouchers
Ans. B
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After creating a new company, which ledger we don’t need to create?


A. Cash
B. Profit & Loss A/c
C. Capital A/c
D. A and B both
Ans. D
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 Which option is used in Tally to make changes in created company?


A. Select Company
B. Shut Company
C. Alter
D. None of these
Ans. C
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 Which Shortcut key is pressed to create a new company in Tally?


A. F3
B. Alt + F3
C. F2
D. Alt + F2
Ans. B
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To change the date, ___________ shortcut used.


A. Alt + F2
B. Alt + F3
C. F2
D. F1
Ans. C
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Which shortcut key is used to view Report with all details in Tally?


A. F1
B. Alt + F1
C. F3
D. Alt + F2
Ans. B
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Bank account is _________


A. Personal account
B. Real account
C. Nominal account
D. Intangible real account
Ans. A
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Changes in accounts are possible only in __________.


A. Display mode
B. Alternation mode
C. Single mode
D. Multiple mode
Ans. B
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Debit note is used for entering ____________.


A. Purchases
B. Sales
C. Purchase return
D. Sales return
Ans. C
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In Tally “Alias” represents __________.


A. Short name
B. Nick name
C. Code name
D. All of these
Ans. D
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 Which option is used to move from one company to another when more than one companies are open?


A. Company info
B. B) Shut company
C. Select company
D. Company
Ans. C
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Rs 20,000 withdraw from state bank, in which voucher type this transaction will be recorded?


A. Payment
B. Receipt
C. Contra
D. Post-Dated
Ans. C
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 Which function key is used to enter payment?


A. F3
B. F5
C. F7
D. F9
Ans. B
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Which shortcut key is used to open debit Note Voucher?


A. Alt + F9
B. Alt + F10
C. Ctrl + F9
D. Ctrl + F10
Ans. C
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Which function key is used to enter purchase?


A. F6
B. F7
C. F8
D. F9
Ans. D
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Which function key is used to enter receipts?


A. F2
B. F4
C. F6
D. F8
Ans. C
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Which sequence of option is used to view the trial balance on the screen?


A. Gateway of Tally →Trial balance
B. Gateway of Tally → Display → Trial Balance
C. Gateway of Tally → Accounts Info → Trial Balance
D. Gateway of Tally → Display → Account Book → Trial balance
Ans. B
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Which shortcut key is used to shut a company from the gateway of Tally screen?


A. Alt + F1
B. Alt + F3
C. Alt + F5
D. Alt + F7
Ans. A
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Which combination of key is used to save the information in Tally?


A. Ctrl + A
B. Ctrl + I
C. Ctrl + S
D. Ctrl + X
Ans. A
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Which term is used for all the amounts payable by a business concern to outsiders?   


A. Assets
B. Capitals
C. Debits
D. Liabilities
Ans. D
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Which term is used for the amount invested for starting a business by a person?


A. Asset
B. Capital
C. Debit
D. Liabilities
Ans. B
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_____ is the shortcut to Payroll Auto fill from Payroll Vouchers in Tally.



A. Alt+S
B. Alt+A
C. Ctrl+F4
D. Ctrl+F5
Ans. B
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To remove a line at all reports screen, shortcut is



A. Alt + R
B. Alt + S
C. Alt + 1
D. Alt + T
Ans. A
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Transfer of materials from one godown to another godown, use



A. Stock Journal
B. Purchase Journal
C. Manufacturing Journal
D. Both a and b
Ans. A
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We can cancel a voucher using



A. Alt + X
B. Ctrl + Shift + X
C. Ctrl + X
D. Shift + X
Ans. A
Tally

What is MRP?



A. Minimum Retail Price
B. Maximum Retail Price
C. Marginal Price
D. Market Price
Ans. B
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The shortcut used to activate calculator is



A. Ctrl + A
B. Ctrl + B
C. Ctrl + M
D. Ctrl + N
Ans. D
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Single Entry mode is applicable for



A. Payment Voucher
B. Contra
C. Receipt Voucher
D. All of these
Ans. D
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Tally package is developed by



A. Microsoft
B. Adobe Software
C. Apple Software
D. Tally Solutions
Ans. D
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Which option is used to view list of Primary and Secondary groups in Tally?



A. Accounts
B. List
C. List of Accounts
D. None of these
Ans. C
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Recording of actual stock as physically verified or counted is done through


A. Sales
B. Journal
C. Stock Journal
D. Physical Stock
Ans. D
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We can see list of Memorandum Vouchers from



A. Accounts Books
B. Cash/Bank Books
C. Exception Reports
D. Trail Balance
Ans. C
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ETCS means



A. Electronic Tax Collection System
B. Electric Tax Collected at Source
C. Electronic Tax Collected at Source
D. Enable Tax Collected at Source
Ans. D
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Bank OCC a/c is a group defined under



A. Loan & Liability
B. Secured Loan
C. Unsecured Loan
D. Bank Account
Ans. A
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TDS deduction entry can be made through


A. Journal voucher
B. Payment Voucher
C. Receipt Voucher
D. All of these
Ans. A
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To active MRP feature from Gateway of Tally initially we need to press


A. F10
B. F11
C. F12
D. Alt+F1
Ans. C
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Which shortcut key is used in ‘Company Features’ Screen to use Statutory & Taxation in Tally?


A. F1
B. F2
C. F3
D. F4
Ans. C
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Which shortcut key(s) are used to display list of inventory reports within balance sheet?


A. F8
B. F9
C. F10
D. F11
Ans. B
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_____ is the shortcut to Attendance from Payroll Vouchers in Tally.


A. Ctrl+F4
B. Ctrl+F5
C. Alt+A
D. Alt+S
Ans. A
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Which option is used to view list of Primary and Secondary groups in Tally?



A. Accounts
B. List
C. List of Accounts
D. None of these
Ans. C
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Data Folder of a Company consists of



A. 3 digits
B. 4 digits
C. 5 digits
D. 6 digits
Ans. C
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Retained Earnings is an alias of


A. Investments
B. Capital Account
C. Indirect Income
D. Reserve and surplus
Ans. D
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Service Tax Report can be seen from


A. Display > Account Books
B. Display > Statutory Reports
C. Display > Day Book
D. Display > Statutory Masters
Ans. B
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To activate Job Costing which options require to be activated?


A. Maintain VAT
B. Maintain Cost Centre
C. Use Cost Centre for Job Costing
D. Both b and c
Ans. D
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To show the cheque number while reconciling Bank Accounts press


A. CTRL + F11
B. CTRL + F12
C. F11
D. F12
Ans. D
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Transfer from Main Cash to petty Cash you require to pass _____ voucher.


A. Contra
B. Payment
C. Receipt
D. None of these
Ans. A
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Manufacturing journal creates based on


A. Purchase Quotation
B. Stock Journal
C. Receipt Note
D. Journal
Ans. B
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We can change the Company Information from


A. Company Info > View
B. Company Info > Split Company Data
C. Company Info > Back up
D. Company Info > Alter
Ans. D
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Party account can be created through


A. Inventory creation window
B. Group creation window
C. Ledger creation window
D. Any one of them
Ans. C
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