Advance
Tally ERA TAC Questions
Q.1 A Cost
Centre Can Be Grouped Under Another Cost Center
Answer:-True
Q.2 You Will Find A
Predefined Cost Category When You Enable The Cost Centre Future In
Tally Erp-9
Answer:-True
Q.3 A Cost Center
Facilities Three Dimentional Reporting Of Expenditure And Revenue Which Of The
Following Is Not An Example Of A Cost Category
Answer:-Salary Wise
Q.4 The Sales Team Of The
Company Began Customer Visits For Giving Demonstration Of Same Software The
Company Provided Rs 2500 Towards The TrAnswer:-portation The Food Expenses Out
Of This Rs 15000 Are Allocated For Gita And Rs 10000 For Sita Identify The Cost
Centers And Cost Category For The Above Example.
Answer:-Employee As Cost Category Geeta And
Seeta As Cost Center
Q.5 A Cost Category
Facilitates Three Dimentional Of Expenditure And Revenue Which Of The Following
Is Not An Example Of A Cost Category
Answer:-Salary Wise
Q.6 From The Cost
Category Summary Report Below You Can Understand That In This Company There Are
______ More Cost Categories Other Than Predifined Cost Ones
Answer: – 2
Q.7 Read And Understand
The Reports Shown In The Image Below Now , Find Out The Total Expensess And For
The Sales Department Cost Category Select The Correct Answer: -Option
Answer: – 2500
Q.8 The Cost Expenses Of
Rs.40, 000 Is Allocated To ___________Cost Center. Refer To The Image Below To
Identify The Cost Centre.
Answer: – Junior
Q.9 From The Cost
Category Summary Report Below You Can Understand That In This Company There Are
______ More Cost Categories Other Than Predifined Cost Ones
Answer: – 2
Q. 10 Under _____ Method Interest Is
Charged On Principal Amount Along With Interest.
Answer: -Compund Interest
Q.11 Refer To The Screenshot Below And
Answer:-wer The Following Questions. The Interest Parameters Shown In The Above
Figure Is Related To ___________ Interest Calculation Mode.
Answer:-Advanced Prameters
Q.12 The Interest Parameters Screen Clearly
Shows Compound Interest Calculations.
Answer:-False
Q.13 To Record Interest Income On
Receivable Amount, User Need To Record Entry Using Voucher Class Under ________
Voucher.
Answer:-Debit Note
Q.14 The ______Interest Style Is Used For
The Example Shown In The Above Screenshot.
Answer:-365 Days Years
Q.15 The Interest Rate Of 15.5% Shown In
The Above Screenshot Is For Debit Balances Only.
Answer:-True
Q.16 Refer To The Screenshot Below And
Answer:-wer The Following Questions. The Screenshot Shown Above Is The
_____________ Screen.
Answer:-Class Creation
Q.17 The Si Class Shown Above
Is For Interest Calculation.
Answer:-True
Q.18 The Example Shown Above Is An Example
Of Class For __________.
Answer:-Simpe Interest Calculation
Q.19 For The Example Shown In The Above
Screenshot, If You Set ‘Accounts To Be Treated As Compound Interest’ To Yes,
Then The Simple Interest Class Will Calculate Compound Interest.
Answer:-True
Q.20 In The Above Example, The Simple
Interest Class Is Created In The Debit Or Credit Note To Enable Interest
Calculation.
Answer:-True
Q.21 To Activate Interest Calculation In
Simple Mode Or With Simple Parameter From Gwt, Press _________ And Enable
‘Activate Interest Calculation ‘From Accounts Feature.
Answer:-F 11: Features
Q.22 To Activate Interest Calculation In
Advanced Mode Or With Advanced Parameter From Gwt, Press F11: Features > F1:
Accounts> Disable ‘Activate Interest Calculation’ And Enable Use Advanced Parameters.
Answer:-False
Q.23 The Main Difference Between Simple
Mode Interest Calculations And Advanced Mode Interest Calculations Is
__________
Answer:-Simplemode Requires Minimum
Configuration For Interest Calculation Where As Advanced Mode Is Used When
Interest Rate Changes Periodically
Q.24 In The Books Of Omega Silk, Bank
Reconciliations And Voucher Dates Are Different. We Cannot Calculate Interest
On Outstanding Balance Of Bank Account By Considering Bank Reconciliation Date
In Tally.
Answer:-False
Q.25 To Calculate Interest On Outstanding
Balances Of Bank Account As Per Bank Dates, Set ____________ Option To
Bank/Reco Date In Interest Parameters Screen.
Answer:-Calculate Interest Based On
Q.26 Refer To The
Screenshot Below And Answer:-wer The Following Questions. The
Above Screenshot Shows The Budget Created For ________.
Answer:-Ledger
Q.27 The Above Screenshot Shows The On Net
TrAnswer:-actions Budget Type.
Answer:-True
Q.28 The Budget Set For The
Advertisement Ledger Is Rs. ___________.
Answer:-5,00,000
Q.29 The _________ Shortcut Key Is Used To
View Budget Variance Report In The Trial Balance.
Answer:-Alt + B
Q.30 If The ‘Maintain Budgets And Controls’
Feature Is Enabled In The Accounting Features Screen Then The Budget Variance
Report Is Available Even Though No Budget Was Created.
Answer:-False
Q.31 The Ratio Analysis Report
Is Divided Into ____________ And ____________.
Answer:-Principle Ratios And Principle
Groups
Q.32 The Nett Working Capital Is Calculated
By Subtracting Current Liabilities From ______.
Answer:-Current Assets
Q.33 As Per Accounting
Standard-3, Cash Flow Is Classified Into Which Activities?
Answer:- All Of The Above
Q.34 The Cash Flow Statement Is
Based On Which Accounting Type?
Answer:- Credit Basis Of
Accounting
Q.35 In Which Statement Is The
Working Capital Statement Prepared?
Answer:- Funds Flow
Statement
Q.36 Tax Deducted At Source (Tds) Is An
Indirect Tax Collected At The Prescribed Rate From The Income Source.
Answer:- True
Q.37 ______ Is One Of The Modes
For Collecting Income Tax At The Source.
Answer:- TDS
Q.38 To Create The Tds Nature Of Payment,
You Need To Go To Gateway Of Tally > Accounts Info. > Statutory Info.
> Tds Nature Of Pymts > Create.
Answer:- True
Q.39 In Tally, You Can Book
Expenses By Recording The ____ Voucher.
Answer:- Journal
Q.40 As Per The Income Tax Act, Every
Corporate And Government Entity Is Liable For ______ Of Tds.
Answer:- Deduction
Q.41 If You Made The Payment Through A
Cheque Then You Need To Create The Nature Of Payment For Commission Expenses.
Answer:- True
Q.42 As Per The Income Tax Act, Every
Corporate And Government Entity Is Liable For ______ Of Tds.
Answer:- Deduction
Q.43 Which Form Is Required To
Submit The Tds Details For All Payments?
Answer:- Form 26 Q
Q.44 To Submit The Tds Details For All
Payments Except For The Salaries Paid On Monthly Basis, Form 26q Is Required.
Answer:- False
Q.45 In The Form 26q, Q Stands
For _____ Report.
Answer:- Quarterly
Q.46 __________Are Special Journals That
Are Automatically Reversed After A Specified Date.
Answer:- Reversing
Journals
Q.47 Reversing Journals Are Not Posted To
Any Books Of Accounts And Cannot Be Included In Regular Reports.
Answer:- True
Q.48 Reversing Journals And Memorandum
Vouchers Are Predefined Accounting Vouchers Included In Tally.Erp.
Answer:- False
Q.49 To Activate Reversing Journal, Go To
F11:Company Features And Then F1: Accounting Features And Set _____________ To
Yes.
Answer:- Use Reversing
Journal & Optional Voucher
Q.50 To View Reversing Journal Register, Go
To Gateway Of Tally> Display> _____________> Reversing Journals
Answer:- Exception
Reports
Q.51 When Actual Spending Is
More Than The Budget, It Is Called
Answer:- Over Budget
Q.52 In Tally, The Difference Of Actual And
Budgeted Are Available In The ____ Report.
Answer:- Budget Variance
Q.53 In Ratio Analysis, The
Receivable Turnover Ratio Displays The ____.
Answer:- Payment
Performance Of Debtors
Q.54 Which Of The Following Reports
Provides A Critical Overview Of The Company Performance In The Form Of Ratios?
Answer:- Ratio Analysis
Q.55 Cash Flow Statement Is
Also Known As
Answer:- Both A & B
Q.56 The Shortcut Key Used To
Reconcile A Challan Is _____ .
Answer:- F 5
Q.57 From The Tcs Nature Of Goods Creation
Screen, The ____ Shortcut Key Is Used To Select A Predefined Tcs Nature Of
Goods.
Answer:- Ctrl+C
Q.58 Under Which Of The
Following Section Are Goods Defined For Tcs?
Answer:- 206c(1)
Q.59 Which Of The Following
Forms Is Used To File The Tcs Return?
Answer:- 27e
Q.60 You Cannot Define Zero
Percent As The Tcs Rate In Tally.
Answer:- False
Q.61 The Option From Where Tan Registration
Number Can Be Provided In Ally.Erp 9 Is:
Answer:- Statutory &
Taxation
Q.62 The Tcs Nature Of Goods
Can Be Created From ______________.
Answer:- Account Info
> Statutory Info
Q.63 For ______________ The Tcs
Nature Of Goods Needs To Be Defined.
Answer:- Stock Item
Q.64 The Tcs Challan Can Be
Printed From __________ Voucher.
Answer:- Payment
Q.65 ____________ Can Be Used
To Reconcile The Tcs Payments.
Answer:- Challan
Q.66 A Company Needs 10, 000 Usb Keyboards
Each Month. The Company Decided To Reorder Minimum Of 5, 000 Usb Keyboards Or
The Quantity Consumed In The Last 20 Days. Using This Information And The
Parameters Shown In The Screenshot Below, Define The Reorder Parameter: Reorder
Quantity And Minimum Order Quantity.
Answer:- 10,000 &
5,000
Q.67 Refer To The Screenshot Below And
Define Advanced Parameters: Period And Criteria For The Reorder Levels Using
The Reorder Quantity.
Answer:- 1 Month , Higher
Q.68 Refer To The Screenshot Below And
Define Advanced Parameters: Period And Criteria For The Minimum Order.
Answer:- 20 Days, Higher
Q.69 We Can Also Set Advanced Parameters
For The Reorder Levels In Terms Of Weeks.
Answer:- True
Q.70 In Reorder Status, Nett Available
Balance Is Equal To The Sum Of Closing Quantity, Pending Purchase Order And
Sales Order Due.
Answer:- False
Q.71 It Is Possible To Close A
Sales Order Using The Delivery Note Voucher.
Answer:- True
Q.72 The Shortcut Key __________ Is Used To
Pre-Close An Order From The Order Details Screen.
Answer:- Ctrl+C
Q.73 To Pre-Close An Order Using The
Delivery Note Voucher, Press ___________ And Set ‘Use Pre-Closure Order
Details’ To Yes.
Answer:- F: 12
Configuration
Q.74 To Close A Full Or Partial Order Using
The Sales/Purchase Voucher Order, Press Ctrl + C.
Answer:- True
Q.75 You Can Close A Complete
Sales Order Only From The Sales Invoice.
Answer:- False
Q.76 Reorder Level Is That
Level Of A Stock Item On Which An Order Has To Be Placed.
Answer:- True
Q.77 A Reorder Level Is Important To Have
Sufficient Stock To Fulfill Customer Orders And At The Same Time Not To Have
High Stock Unnecessarily.
Answer:- True
Q.78 Lead Time For Suppliers To Deliver
Stock And Delivery Time Specified By The Customer Are Two Important Points To
Consider While Setting Reorder Levels.
Answer:- True
Q.79 The Stock In Hand To Satisfy Orders Is
Not Important Point To Consider While Setting Reorder Levels.
Answer:- False
Q.80 Reorder Level Can Be
Defined In Either Simple Mode Or Complex Mode.
Answer:- False
Q.81 The Profit Is Equal To
________, As Per The Item Cost Analysis Report.
Answer:- Revenue- (Cost-
Balanceat Cost)
Q.82 A Loss In The Item Cost
Analysis Report Is Shown As The Amount Using ________ .
Answer:- Round Brackets
Q.83 In The Balance At Cost
Column, Nett Quantity Indicates ________ Quantity.
Answer:- Instock
Q.84 The Item Cost Analysis
Report Is Only For A Specific Period.
Answer:- True
Q.85 The Item Cost Analysis
Report Cannot Calculate The Rate Per Price.
Answer:- False
Q.86 Item Cost And Profit Tracking Refers
To Accumulation Of Costs And Revenue For A Particular Quantity Of A Stock Item
Across Various TrAnswer:-actions.
Answer:- True
Q.87 Only Purchase And Sales
TrAnswer:-actions Can Be Tracked And Subsequently Referred In Any
TrAnswer:-action.
Answer:- False
Q.88 Item Cost Tracking Enables Analysing
The Running Cost And Profitability Of The Item Being Tracked Through
Manufacturing, Sales, Purchase, And So On.
Answer:- True
Q.89 Item Cost Tracking Helps You
Effectively Track And Ascertain The Procurement Cost, Landing Costs,
Manufacturing Or Production Costs, Order Cost Or Profit, And Job Cost Or
Profit.
Answer:- True
Q.90 Item Cost Tracking Helps In
Determining Sale Price Of Finished Goods Based On The Costs Incurred Till Date
And Overall Profitability.
Answer:- True
Q.91 Sanjay Wants To Sell Goods At
Different Rates To Old And New Customers. Which Tally Feature Should He Use To
Create Different Rates?
Answer:- Price Level
Q.92 To Create A Price List In
Tally, From Gateway Of Tally, Select _____ .
Answer:- Inventory
Info.> Price List> Create
Q.93 To Set ‘Separate Discount Column On
Invoice’, From Gateway Of Tally Select_____ .
Answer:- F11 : Features
> F2: Inventory
Q.94 The Price List Is Same As
The Price Level.
Answer:- False
Q.95 The Price List Is Same As
The Price Level.
Answer:- Multiple
Q.96 The Pos Voucher Is Used As
A __________ .
Answer:- Sales Invoice
Q.97 The Pos Voucher Is A
Predefined Voucher In Tally.
Answer:- True
Q.98 To Create A Pos Voucher,
From Gateway Of Tally, Select __________ .
Answer:- Inventory
Info.> Voucher Type
Q.99 You Can Add The
Declaration Text By Setting _______ To Yes.
Answer:- Set / Alter Pos
Q.100 How Many Text Messages Does Tally
Allow You To Print On A Pos Invoice?
Answer:- Two
Q.101 In Tally.Erp 9 The Pos Voucher Is
Grouped Under —— Voucher Type
Answer:- Sales
Q.102 To Use The Pos Function In Tally —–
Option Is Set.
Answer:- Use For Pos
Invoicing
Q.103 To Accept The Coupons Voucher For Pos
Invoicing —– Is Used In Tally.
Answer:- Gift Voucher
Q.104 To Use Only One Payment Method During
Pos Voucher Entry, Switch To ——— Mode.
Answer:- Single Mode
Payment
Q.105 In Tally, In The Single Mode Payment
For Pos Voucher Entry —— Is The Mode Of Payment.
Answer:- Cash
Q.106 Bank Reconciliation Statement Is The
Comparison Of A Bank Statement (Sent By Bank) With The _________ (Prepared By
Business).
Answer:- Cash Book
Q.107 The Main Purpose Of Preparing A Bank
Reconciliation Statement Is _______.
Answer:- To Identify
Causes Of Difference Between Cash Book And Bank Statement
Q.108 Bank Reconciliation Statement Is
_________.
Answer:- A Separate
Statement
Q.109 To Reconcile The Bank Statement , Go
To ‘Gateway Of Tally > ________ > Bank Reconciliation> Select The Name
Of The Required Bank.
Answer:- Banking
Q.110 For Auto Bank Reconciliation, On The
‘Bank Reconciliation’ Screen, Press ________.
Answer:- Alt + B
Q.111 You Can Print A Cheque Directly From
Tally.
Answer:- True
Q.112 You Can Enable The Cheque Printing
Option From The Bank Ledger Screen.
Answer:- False
Q.113 To Configure The Cheque Dimensions,
From Gateway Of Tally You Need To Select F11: Features>F1: Accounting
Features.
Answer:- False
Q.114 You Can Set Only One Cheque Book
(Cheque Range) In Tally.
Answer:- False
Q.115 Which Of The Following Shortcut Keys
Is Used To Define The Cheque Dimensions?
Answer:- Alt + U
Q.116 LoAnswer: -Are A Short Term Source Of
Finance.
Answer:- False
Q.117 Which Of The Following Is Not
LoAnswer: -Liability Source Of Finance In Tally.
Answer:- Bank A/C
Q.118 Bank Occ A/C Holder Can Have Cash
Credit Facility From Against Its Stock And Receivable.
Answer:- True
Q.119 Term Loan Come Under Unsecured Loan.
Answer:- False
Q.120 Debenture Is Security Provided By
Borrower.
Answer:- True
Q.121 Job Costing Is Used To Track All The
Expenses And Incomes For A Project Created As A Cost Centre.
Answer:- True
Q.122 Job Costing Is A Combination Of Cost
Centre And Inventory Godown.
Answer:- True
Q.123 Job Costing Cannot Be Used To
Determine The True Cost For Each Job Broken Down By Location.
Answer:- False
Q.124 Job Costing Can Be Used To Track
Overhead Cost By Allocating Them For Each Job.
Answer:- True
Q.125 In Job Costing Tracking TrAnswer:-fer
Of Materials From One Godown To Another Godown Is Impossible.
Answer:- False
Q.126 Job Costing Is A Specific Order
Costing, Which Applies To A Job Or A Project Undertaken According To A
Customer’s Requirements And Specifications.
Answer:- True
Q.127 Using – — -Locate The Cost Of
Expenses For A Project.
Answer:- Cost Centre
Q.128 ——- Is Dedicated To Specific Jobs.
Answer:- Godown
Q.129 Through —— We Can TrAnswer:-fer
Stocks From One Project To Another Project.
Answer:- Stock Journal
Q.130 The—– Key Is Used To View The
Comparative Job Work Analysis Report.
Answer:- Alt N
Q.131 Job Costing Is Used To Determine The
Actual Cost For Each Job Based On The _____.
Answer:- Location
Q.132 Job Costing Is Applied To A Job
Undertaken Based On The Customer’s Requirements And Specifications.
Answer:- True
Q.133 Job Costing Is Used To Determine
__________ For A Given Job. Based On This, The Profit Is Calculated For The
Job.
Answer:- Revenue And
Expenditure
Q.134 The Job Costing Feature Cannot Track
The Quantity Of Different Materials Used From Different Godowns.
Answer:- False
Q.135 The Job Costing Feature Allows You To
Compare The ______ Of Different Jobs On A Single Screen.
Answer:- Expenses
Q.136 Job Work Refers To The Process Of
Placing Orders Of Only Semi-Finished Goods To Job Workers.
Answer:- False
Q.137 Job Work Also Involves Tracking Of
Dispatch Raw Materials, Receiving And Analysing The Variance Quantity For The
Effective Execution Of The Manufacturing Process At The Job Work Location.
Answer:- True
Q.138 In Tally, Job Order Processing Can
Ensure Optimum Utilisation Of Material Only.
Answer:- False
Q.139 In Tally, For Job Order Processing It
Is Difficult To Track Inventory.
Answer:- False
Q.140 Tally Generates Instant Cost
Assessment And Analytical Reports At Various Stages Of Processing And
Manufacturing.
Answer:- True
Q.141 Job Work In Order Takes Place When A
Company Receives Job Work From A Third Party.
Answer:- True
Q.142 Job Work In Process Does Not Allow
You To Define Bom For Finished Goods.
Answer:- False
Q.143 A Job Worker Records Purchase Invoice
With Finished Goods Out.
Answer:- False
Q.144 “Third Party Stock With Us?”
MeAnswer: -We Are Stealing Stock Items Of A Third Party.
Answer:- False
Q.145 Go To Gwt> Display>Job Work>
Job Work In Reports To View Outstanding Job Work In Orders Report.
Answer:- False
Q.146 Which Of The Following Is The
Shortcut Key For Job Work In Order?
Answer:- Alt+W
Q.147 Which Of The Following Is The
Shortcut Key For Material In Voucher?
Answer:- Ctrl+W
Q.148 To Show The Manufacturing Process, A
New Voucher Type Is Created Under _________ Predefined Voucher Type.
Answer:- Stock Journal
Q.149 The ‘Enable Job Order Processing’
Option Is Available In _____________.
Answer:-
F11:Features>F2:Inventory
Q.150 Material Movement Register Allows You
To Check Details Of The Finished Good And Raw Material.
Answer:- True
Q.151 The Company Code Field Is Included In
All The Provident Fund Codes Of The Company Allotted By The Department.
Answer:- True
Q.152 Tax Deduction And Collection Account
Number Is A — Digit Code Assigned To Employees.
Answer:- 10
Q.153 The Salary Paid To An Employee Is
Computed Based On Work Done By An Employee Which Is Quantified Using The —–.
Answer:- Payroll Unit
Q.154 Like Inventory Unit, Payroll Unit
Cannot Be A Compound Unit.
Answer:- False
Q.155 —- Is Used To Record The Attendance
And Production Data.
Answer:- Attendance /
Production Type
Q.156 A Pay Head Can Be An Expense Or
Liability From An Employer’s View Point.
Answer:- True
Q.157 Which Of The Following Is / Are
Examples Of Deduction Pay Heads?
Answer:- All Of The Above
Q.158 For Each Pay Head, There Can Be A
Different Calculation Period.
Answer:- True
Q.159 If Dearness Allowance Is 30 % Of The
Basic Pay, Specify —– In The Computer Field While Creating The Dearness
Allowance Pay Head.
Answer:- On Specified
Formula
Q.160 We Can See Employee Category Option
In Payroll Info Menu Only If The Option ‘Maintain More Than One Payroll Or Cost
Category’ Is Enabled In F11 Company Features.
Answer:- True
Q.161 In Salary Detail Alteration Screen,
The Pay Head Type, Calculation Type And Computed On Columns Will Display
Information Based On The Pay Head Selected.
Answer:- True
Q.162 To Define Salary Details For The
Accounts Department, Go To Gateway Of Tally> Payroll Info> Salary
Details> Employee Category> Select Accounts Department.
Answer:- False
Q.163 Which Of The Following Cannot Be A
Correct Way To Define Salary Details For Employees?
Answer:- Gateway Of Tally
> Payroll Info > Employee Salary > Details Define
Q.164 In Tally, Salary Details Can Be
Created For An Employee Group And Then Can Be Copied For All The Employees
Within That Group.
Answer:- True
Q.165 Copy Option Will Appear If The Option
‘Allow Copy From Employees F12 Salary Details Configuration’ Is Set To Yes From
Salary Details Alteration Screen.
Answer:- True
Q.166 The Path To View Payroll Statutory
Report Is Gateway Of Tally> Display > ——> Statutory Report
Answer:- Payroll Reports
Q.167 The Provident Fund Reports Are
Subdivided Into —– And—– Based On The Period.
Answer:- Monthly And
Annual
Q.168 Pf Form 5 Is A —- Report With The
Details Of The Employees Newly Joining The Provident Fund Schedule During The
Given Month.
Answer:- Monthly
Q.169 Pf —- Is A Monthly Report That
Provides The Details Of The Employees Exiting From The Provident Fund Scheme
During The Given Month.
Answer:- Form 10
Q.170 Pf Form 12a Is A Monthly Report That
Provides The Details Of The Pf Payment Made To The Respective Pf Accounts Of
The Employees During The Given Month.
Answer:- True
Q.171 Esi Form 3 Is A Return Of Declaration
Form To Be Submitted Each Month With The Details Of The Employees Falling In
The Purview Of Esi During The Given Month.
Answer:- True
Q.172 Esi Monthly Statement Is An Mis
Report Which Provides The Details Of The Amounts Contributed By Employees And
Employer Towards The Esi Account In The Current Year.
Answer:- False
Q.173 To View The Esi Form 3, Go To Gateway
Of Tally > Display > Payroll Reports > Statutory Reports>
_______> Form 3
Answer:- Employee State
Insurance
Q.174 Esi Form 5 Is A Return Of
Contribution Form To Be Submitted Half Yearly With Details Of Employee Wise Esi
Contribution Made On A Monthly Basis.
Answer:- True
Q.175 Esi Form 6 Is Register Of Employees
Falling Under The Purview Of Esi With Detailed Annual Information.
Answer:- False
Q.176 Income Tax Is Levied On Personal
Income.
Answer:- True
Q.177 Service Tax Is A Tax Payable, And
Enacted By The Union Budget For Every Assessment Year On The Total Income
Earned In The Previous Year By Every Person.
Answer:-
False
178 The
Government Of India Imposes Income Tax On The Income Of All Persons.
Answer:- False
Q.179 All Persons Who Are Considered As An
Assessee When Their Income Exceeds The Maximum Exemption In The Prescribed
Limit. Income Tax Will Be Levied At The Prescribed Rates According To The
Finance Act.
Answer:- True
Q.180 In Tally, Income Tax Pay Head Comes
Under Employee Statutory Contribution.
Answer:- False
Q.181 TrAnswer:-port Allowance Is Provided
For Travelling Expenses Incurred Between Residence And Place Of Duty.
Answer:- True
Q.182 For Income Tax Computation, The
Previous Employer Income And Tax Payment Details Are Not Necessary For
Employees Who Join The Organization In The Middle Of The Year.
Answer:- False
Q.183 Income Tax Value Which Is Captured
While Processing Salary Has To Be Paid To Employees.
Answer:- False
Q.184 To View The Income Tax Reports, Go To
Gateway Of Tally > Display > Statutory Reports > Income Tax.
Answer:- False
Q.185 The Computation Report Displays The
Employee-Wise Income Tax Computation Details In The Form 16 Format.
Answer:- True
Q.186 In Tally, You Can Activate The
Payroll Feature By Selecting ___ .
Answer:- F11: Features
>F3: Statutory
Q.187 Which Of The Following Is/Are Used To
Calculate Pf?
Answer:- Basic And Da
Q.188 Which Of The Following Is The Gross
Earnings Limit For Esi Calculation?
Answer:- Rs. 21,000
Q.189 The Overtime Is Calculated Based On
The ____.
Answer:- Production
Q.190 Which Of The Following Is An Edli
Contribution?
Answer:- Employer’s
Others Charges
Q.191 Which Of The Following Shortcut Keys
Is Used To Create An Attendance Voucher?
Answer:- Ctrl+F5
Q.192 Form 10 Is Used For ______ .
Answer:- Eps
Q.193 Which Of The Following Shortcut Keys
Is Used To Create A Payroll Voucher?
Answer:- Ctrl+F4
Q.194 Form 16 Is Used For _____.
Answer:- Tds Certificate
Q.195 The Path To Define Salary Details Is
Gwt> — → Salary Details
Answer:- Payroll Info
Q.196 ITR – 1 Is Used For Filling The ___
Return.
Answer:- Salary Income
Q.197 Which Of The Following Is Related To
The Section 80d?
Answer:- Income Tax
Q.198 The Pay Head Menu Provides Setup Of
Various Masters Or Configurations Required For Income Tax Computation.
Answer:- False
Q.199 You Can Use The Pay Head
Configuration Screen To Configure The Income Tax Component For All Existing Pay
Heads.
Answer:- True
Q.200 The Employee Can Provide The
Exemption And Deduction Details To The Employer, And These Details Can Be
Entered In The System As Employee Declaration By From Gateway Of Tally >
Payroll Info. > Income Tax Details > Declarations.
Answer:- True
Q.201 Gstr-1 Is A Half Yearly Return That
Should Be Filed By Every Registered Dealer.
Answer:- False
Q.202 Gstr-1 Contains Details Of All
Outward Supplies.
Answer:- True
Q.203 In Gstr, Included In Returns Option
Displays Summary Of Included Vouchers Report With The List Of Voucher-Types
With Voucher Count.
Answer:- True
Q.204 In Gstr, Not Relevant For Returns
Option Displays Summary Of Excluded Vouchers Report With The TrAnswer:-action
Type-Wise Voucher Count.
Answer:- True
Q.205 Press Ctrl + I To Include
TrAnswer:-actions Which Are Manually Excluded By The User From The List Of
Included Or Uncertain TrAnswer:-actions.
Answer:- False
Q.206 To View Status Reconciliation Report,
Go To Gateway Of Tally > Display > Statutory Reports > Gst > Gstr –
1.
Answer:- True
Q.207 Click Ctrl+ U To View Status
Reconciliation Screen From Gstr1.
Answer:- False
Q.208 In Status Reconciliation Screen,
Uploaded Column Is Automatically Updated When A Voucher Is Exported To Gstr-1
Return File.
Answer:- True
Q.209 In Status Reconciliation Screen, You
Can Mark The Status As Rejected When The Buyer Rejects The Voucher Details As
Displayed In The Gstr-1a.
Answer:- True
Q.210 In Status Reconciliation Screen, You
Can Mark The Status As Accepted When Input Tax Claim Is Made By The Government
In The Gstr-1a.
Answer:- False
Q.211 Every Registered Taxable Person Is
Required To Give Details Of Inward Supply In Gstr-2.
Answer:- True
Q.212 Gstr-2 Contains Details Of All The
Purchases TrAnswer:-actions Of A Registered Dealer For A Year.
Answer:- False
Q.213 Gstr 2 Does Not Include Purchases On
Which Reverse Charge Applies.
Answer:- False
Q.214 The Gstr-2 Filed By A Registered
Dealer Is Used By The Government To Check With The Sellers’ Gstr-1 For
Buyer-Seller Reconciliation.
Answer:- True
Q.215 Once All The TrAnswer:-action
Statuses Are Reconciled, Generate The Return In Json Format And File The
Return.
Answer:- True
Q.216 _______ Is A Shortcut Key To Toggle
Between The Return Format And Summary Format.
Answer:- Alt + V
Q.217 _______ Shows All Vouchers Which Are
Accepted Without Fixing The Mismatch Error In The Computed Tax Values.
Answer:- Ctrl + A
Q.218 You Can Record The Statutory
Adjustment TrAnswer:-action (Journal Voucher) Directly From The Gstr Screen.
Answer:- True
Q.219 Which Of The Following Shortcut Key
Is Used To Open The Gst Portal From The Gstr Screen?
Answer:- Ctrl + O
Q.220 Which Of The Following Shortcut Key
Is Used To Export The Gstr Report?
Answer:- Ctrl + E
Q.221 The Ledger For TrAnswer:-port Is
Created Under Which Accounting Group?
Answer:- Sundry Creditor
Q.222 Which Of The Following Is Mandatory If
A TrAnswer:-porter Is Not Gst Registered?
Answer:- TrAnswer:-porter
Id
Q.223 Assume A Company Used Its Own Vehicle
To TrAnswer:-port Goods. Which Of The Following Is Mandatory While Recording
The TrAnswer:-port Details For A Sales Invoice?
Answer:- Vehicle Number
Q.224 It Is Okay To Fill The
TrAnswer:-porter Id And Date And Not The Vehicle Registration Number.
Answer:- True
Q.225 Which Of The Following Have A Single
Asterisk Mark?
Answer:- Mandatory Fields
Q.226 Effective From 1st April 2018, All
Registered Dealers Need To Generate E-Way Bill For The Movement Of Goods If The
Total Of Taxable Value And Tax Amount In The Invoice Exceeds ——–.
Answer:- Rs. 50000
Q.227 Enable E-Way Bill Setup In Tally From
——–.
Answer:- F11:
Features>F3: Statutory
Q.228 You Have To Mention E Way Bill
Threshold Limit During Every Voucher Entry.
Answer:- False
Q.229 “E-Way Bill Applicable For
Intrastate?” Is Visible Only For States For Which It Is Applicable.
Answer:- False
Q.230 TrAnswer:-porter Id Is A _ Digit
Number.
Answer:- 15
Q.231 You Can Connect Only One Company
Through Tally.Net.
Answer:- False
Q.232 By Default, The Tally.Net User Is
Authorized In The Capacity Of A/An_____ Who Has Restricted Access To The Company
Data.
Answer:- Data Entry
Operator
Q.233 Tally.Net Allows You To Connect
Companies From Tally.Erp 9 And Helps You To Create And Maintain Remote Users.
Answer:- True
Q.234 Tally.Net Is A/An ________ Feature
That Provides A Host Of Capabilities.
Answer:- Default
Q.235 ______ Is A Framework Which Works In
The Background And Provides A Broad Range Of Services Using The Internet.
Answer:- Tally.Net
Q.236 The ______ Shortcut Key Is Used To
Get The Synchronize Rule Information In The Client Rule Alteration Screen.
Answer:- Alt+R
Q.237 The ________ Shortcut Key Is Used
From Gateway Of Tally To Connect A Company.
Answer:- F4
Q.238 The ________ Shortcut Key From
Gateway Of Tally Is Used To Disconnect A Company.
Answer:- Alt+F4
Q.239 The _______ Shortcut Key From Gateway
Of Tally Is Used To Synchronize Data For A Company.
Answer:- Alt+O
Q.240 The ______ Shortcut Key From Gateway
Of Tally Is Used To Synchronize The Selected Rules (Master/ TrAnswer:-action).
Answer:- Alt+Y
Q.241 Data Is Synchronised Using
__________, Which Connects The Client And Server.
Answer:- Tally.Net Server
Q.242 The ______ Feature Allows You To Manually
Export Any Data Into Xml Format When Doing Data Synchronization.
Answer:- Export Snapshot
Q.243 When Online Synchronisation Is
Performed Using Tally.Net Server, The —– Acts As A Bridge Or A Connection
Between The Server And The Client Company.
Answer:- Tally.Net Server
Q.244 In Online Synchronisation , It Is
Necessary To Connect The Server Company To The Tally.Net Server After
Configuration Of Server, Client And Tss.
Answer:- True
Q.245 After Connecting The Company To The
Tally.Net Server, We Should Create Synchronization Rules On The Server.
Answer:- False
Q.246 SMS Stand For ______________
Answer:-
Short Message Services
Q.247
We Can Access Sms Without Configuring The Security Control Feature.
Answer:-
True
Q.248
To Register A Mobile Number For Sms, From Gateway Of Tally, You Have To Open
__________.
Answer:-
Control Centre
Q.249 It Is Not Mandatory To Register The
Mobile Number Before Connecting A Company To Tss.
Answer:-
False
Q.250
The ______ Shortcut Key Is Used To Access The Tss Feature.
Answer:-
F11 > F4
