1.

If the Financial Year from is 1st April 2016 and the Books Beginning from 1st January 2017 then what will be the C
Date?
 A. 31st Dec 2016
 B. 9th Sep 2016
 C. 31st Dec 2017
 D. 31st March 2017

 Answer

Answer: D.

31st March 2017

2. We can cancel a voucher using

 A. Alt + X
 B. Ctrl + Shift + X
 C. Ctrl + X
 D. Shift + X

 Answer

Answer: A.

Alt + X

3. To alter a master while making an entry or viewing a report

 A. Alt + Enter
 B. Shift + Enter
 C. Ctrl + Enter
 D. Tab + Enter

 Answer

Answer: C.
 Ctrl + Enter

4. “Allow components list details ( Bill of Materials)” option is activated for

 A. Ledgers
 B. Cost Category
 C. Stock Items
 D. Budgets

 Answer

Answer: C.

Stock Items
5. Transfer of materials from one godown to another godown, use
 A. Stock Journal
 B. Purchase Journal
 C. Purchase Journal
 D. Both a and b

 Answer

Answer: A.

Stock Journal

6. Input Vat Credit on Capital goods should be defined under

 A. Current Liabilities
 B. Duties and Taxes
 C. Capital Account
 D. Misc. Expenses (Assets)

 Answer

Answer: B.
 Duties and Taxes

7. We can change the Company Information from

 A. Company Info > View
 B. Company Info > Split Company Data
 C. Company Info > Alter
 D. Company Info > Back up

 Answer

Answer: C.

Company Info > Alter

8. To remove a line at all reports screen, shortcut is

 A. Alt + S
 B. Alt + R
 C. Alt + I
 D. Alt + T

 Answer

Answer: B.

Alt + R

9. If we purchase any Fixed asset in credit, we can pass it from

 A. Contra mode
 B. Journal mode
 C. Payment mode
 D. Receipt mode

 Answer
 Answer: B.

Journal mode

10. Budget represents

 A. Estimation
 B. Assumption
 C. Forecasting
 D. All of these

 Answer

Answer: D.

All of these

11. How can we see Vat Reports?

 A. Gateway of Tally > Display
 B. Gateway of Tally > Display > Statutory Reports
 C. Gateway of Tally > Display > Statutory Info
 D. Gateway of Tally > Vat Reports

 Answer

Answer: B.

Gateway of Tally > Display > Statutory Reports

12. Discount Column is available in

 A. Accounting Voucher
 B. Sales Invoice
 C. Purchase Invoice
 D. Both b and c
 Answer

Answer: D.

Both b and c
13. Multiple Godowns are activated from
 A. F11
 B. F11 > F1
 C. F11 > F2
 D. F11 > F3

 Answer

Answer: C.

F11 > F2

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

 A. Journal
 B. Stock Journal
 C. Sales
 D. Physical Stock

 Answer

Answer: D.

Physical Stock

15. Patent account falls under

 A. Liabilities
 B. Current Assets
 C. Investments
 D. All of these
 Answer

Answer: D.

All of these

16. We can modify an existing Company from

 A. Company Info > Alter Company
 B. Gateway of Tally > Modify Company
 C. Company Info > Alter
 D. Both a and b

 Answer

Answer: C.

Company Info > Alter

17. MRP Formula for inclusive of vat is

 A. {vat%*(MRP * QTY}/100
 B. (100*rate of vat)/(100+rate of vat)
 C. (50*rate of vat)/(100+rate of vat)
 D. Both a and b

 Answer

Answer: C.

(50*rate of vat)/(100+rate of vat)

18. In Service tax Credit Adjustment (%) should be either

 A. 20%
 B. 30%
 C. 100%
 D. Both A and C
 Answer

Answer: D.

Both A and C

19. To get Payroll Reports choose

 A. Gateway of Tally > Display > Statements of Payroll
 B. Gateway of Tally > Display > Payroll Reports
 C. Gateway of Tally > Display
 D. Gateway of Tally > Display > Statement of Accounts

 Answer

Answer: B.

Gateway of Tally > Display > Payroll Reports

20. We can use Stock Journal for

 A. Maintain VAT
 B. Production and Consumption
 C. Inter Godown transfer for stock
 D. Both B and C

 Answer

Answer: D.

Both B and C
21. A Ledger can't be deleted if its caring Opening balance
 A. True
 B. False

 Answer
 Answer: B.

False

22. We can't select cash in Journal Voucher?

 A. True
 B. False

 Answer

Answer: B.

False

23. To see Gratuity Reports go to

 A. Gateway of Tally > Display > Statement of Accounts > Gratuity Reports
 B. Gateway of Tally > Display > Gratuity Report
 C. Gateway of Tally > Display > Payroll Report > Gratuity
 D. All of these

 Answer

Answer: C.

Gateway of Tally > Display > Payroll Report > Gratuity

24. To create Manufacturing Journal which option must be activated?

 A. Narrations for each entry
 B. Use as manufacturing Journal
 C. Prefill with Zero
 D. Use Common Narration

 Answer
 Answer: B.

Use as manufacturing Journal

1. Service Tax Report can be seen from
 A. Display > Statutory Reports
 B. Display > Statutory Masters
 C. Display > Day Books
 D. Display > Account Books

 Answer

Answer: A.

Display > Statutory Reports

2. The Shortcut used for Sales Order is

 A. Alt + F4
 B. Alt + F5
 C. Alt + F7
 D. Alt + F8

 Answer

Answer: B.

Alt + F5

3. To view the TDS report go to

 A. Display > Statements of Accounts > TDS Outstanding > TDS Computation
 B. AccountsBook > TDS Outstanding > TDS Computation
 C. Display > TDS Outstanding > TDS Computation
 D. All of these

 Answer
 Answer: A.

Display > Statements of Accounts > TDS Outstanding > TDS Computation

4. What is the utility of Tally Vault Password?

 A. It will not show 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 B and C

 Answer

Answer: A.

It will not show the Company Name in the Company Select List
5. To see the report of Unconventional vo
to
 A. Display – Day book
 B. Display – Account Books
 C. Display – Exception Reports
 D. Display – Trail Balance

 Answer

Answer: C.

Display – Exception Reports

6. We can show Bill wise details of Debtors and Creditors by activating

 A. Bill by bill
 B. Maintain Bill wise Details
 C. Both a and b
 D. Maintain References

 Answer
 Answer: B.

Maintain Bill wise Details

7. Optional Voucher is one type of

 A. Conventional Voucher
 B. Unconventional Voucher
 C. Accounting Voucer
 D. Both a and b

 Answer

Answer: B.

Unconventional Voucher

8. At the time of Branch Transfer, Sales ledger is created under which Vat/Tax Class?
 A. Export
 B. Sales with Vat rate
 C. Consignment/ Branch Transfer Outward
 D. All of these

 Answer

Answer: C.

Consignment/ Branch Transfer Outward

9. To use Dr/Cr instead of To/By during Voucher entry or vice versa, Press
 A. F10
 B. F12
 C. F11
 D. F5
 Answer

Answer: C.

F11

10. To see reports of Job Work Analysis

 A. Display Statement of a/cs Job Work Analysis
 B. Display Statement of a/cs
 C. Display Statement of a/cs-Cost Center Job Work
 D. All of these

 Answer

Answer: A.

Display Statement of a/cs Job Work Analysis

11. Alias represents

 A. Short name
 B. Nick name
 C. Code name
 D. All of these

 Answer

Answer: D.

All of these

12. To activate Job Costing which options require to be activated?

 A. Maintain Cost Centre
 B. Use Cost of centre for Job Costing
 C. Maintain VAT
  D. Both a and b

 Answer

Answer: D.

Both a and b
13. To save entry without any amount, we have to use
 A. Cost Center
 B. Maintain Multiplegodown
 C. Allow O value entry
 D. Use Rej.Notes

 Answer

Answer: C.

Allow O value entry

14. Memorandum Voucher does not affect Books of Accounts.

 A. True
 B. False

 Answer

Answer: A.

True

15. There is no difference between Shut Company & Delete Company.

 A. True
 B. False

 Answer
 Answer: B.

False

16. Can we allow Expenses/Fixed Assets in Purchase vouchers?

 A. Yes
 B. No

 Answer

Answer: A.

Yes

17. BOM represents Bill of Materials.

 A. True
 B. False

 Answer

Answer: A.

True

18. Retained Earnings is an alias of

 A. Investments
 B. Reserve and Surplus
 C. Indirect Income
 D. None of these

 Answer

Answer: B.

Reserve and Surplus