Tally Tally (1) Trading organization have only ? Raw material Finished Goods WIP Finished Goods Tally Tally (2) Which of the following is not a characteristic of Trading Organization ? Goods are tangible Selling goods Does not have Inventory Does not have Inventory Tally Tally (3) How many Company Features you have Learn in Module II ? 2 Features 3 Features 4 Features 3 Features Tally Tally (4) What is the Step to enter a Opening Balance ? Gateway of Tally -> Balance Sheet -> Create Gateway of Tally -> Accounts Info -> Ledgers -> Create/ Alter Gateway of Tally -> Display -> Account Books -> Ledger Gateway of Tally -> Accounts Info -> Ledgers -> Create/ Alter Tally Tally (5) What is the step to Create Stock Groups ? Inventory Info -> Stock Groups -> Create Inventory Info -> Stock Groups -> Alter Inventory Info -> Stock Items -> Create Inventory Info -> Stock Groups -> Create Tally Tally (6) Which option is set to Yes in Stock Group Creation Screen ? Quantities of Items to be ADDED Can Quantities of items be ADDED None of Above Can Quantities of items be ADDED Tally Tally (7) To Activate Godowns Which Option is set to Yes in F11 Features ? Enable Multiple Godowns Maintain Multiple Godowns Activate Multiple Godowns Maintain Multiple Godowns Tally Tally (8) Can you Delete all Godowns in Tally.ERP9 ? Yes No No Idea No Tally Tally (9) What is GST Payable ? Input GST - Output GST Output GST - GST Payable Output GST - Input GST Output GST - Input GST Tally Tally (10) Where you can Activate Std. Rates for Stock Items ? In F12 Configuration In F11 Features None of Above In F12 Configuration Tally Tally (11) Which Default Godown you get after Activation of Godowns ? Shop Main Godown Main Location Main Location Tally Tally (12) Full form of HSN ? Harmonized Service Number Harmonized System Nomencleture Harmonized Sales Number Harmonized System Nomencleture Tally Tally (13) Where you can Create Stock Items ? Inventory Info -> Stock Items -> Alter Accounts Info -> Stock Items -> Create Inventory Info -> Stock Items -> Create Inventory Info -> Stock Items -> Create Tally Tally (14) Where you can View Stock Summary ? Gateway of Tally -> Display -> Stock Summary Gateway of Tally -> Stock Summary Gateway of Tally -> Display -> Statement of Inventory -> Stock Summary Gateway of Tally -> Stock Summary Tally Tally (15) Which Shortcut Key is used to view Stock Item wise Details in Stock Summary ? Shift + Enter Alt + F1 Both Both Tally Tally (16) Can you Restart the Voucher Numbers Quarterly in Voucher Type Creation Screen ? Yes No No Idea No Tally Tally (17) Which Shortcut Key is used for Master Alteration in Accounting Voucher Screen ? Ctrl + Shift Ctrl + Enter Shift + Enter Ctrl + Enter Tally Tally (18) Choose the Correct Option from the Following? Debit Note is used to Record a Sales Return Entry Debit Note and Credit Note both not affect on Accounts Credit Note is not use to Record a Purchase Return Entry Credit Note is not use to Record a Purchase Return Entry Tally Tally (19) Which option is set to Yes in F11 Accounting Features to Activate Bill-Wise details ? Activate Bill-Wise Details Maintain Bill-Wise Details Use Bill-wise Details Maintain Bill-Wise Details Tally Tally (20) Where you can enter Credit Days to Maintain Bill Wise Details ? In Gateway of Tally -> Accounts Info -> Groups -> Alter In Gateway of Tally -> Accounts Info -> Ledgers -> Create or Alter In Gateway of Tally -> Inventory Info -> Stock Items -> Create or Alter In Gateway of Tally -> Accounts Info -> Ledgers -> Create or Alter Tally Tally (21) Where you can view the Pending Bills Report ? Gateway of Tally -> Display -> Statements of Accounts -> Outstandings Gateway of Tally -> Display -> Account Books -> Outstandings Gateway of Tally -> Display -> Inventory Books -> Outstandings Gateway of Tally -> Display -> Statements of Accounts -> Outstandings Tally Tally (22) Which Option is use to Record Sample or Free Items in F11 Features ? Use Actual and Billed Quantity Integrate Accounts and Inventory Allow Zero Valued entries Allow Zero Valued entries Tally Tally (23) Sample Account Comes Under ? Indirect Expenses Sales Accounts Purchase Accounts Sales Accounts Tally Tally (24) If you want to change the Format As Voucher to As Invoice in Accounting Vouchers,which shortcut key is use . . . ? Ctrl + X Alt + V Ctrl + V Ctrl + V Tally Tally (25) Actual and Billed Quantity is used ? To Maintain Different Quantities for Bill and Stock Issued To Maintain free Sample Quantity To Maintain Only Sale Quantity To maintain Different Quantities for Bill and Stock Issued Tally Tally (26) What is Cost Category ? Head of Main Cost Category Head of Cost Center Head of Cost and Cost Category Head of Cost Center Tally Tally (27) Which Cost Category is Created Defaults? First Cost Category Primary Cost Category Salesman Primary Cost Category Tally Tally (28) State the Step to Create Cost Centres ? Gateway of Tally -> Accounts Info -> Cost Centre -> Create Gateway of Tally -> Inventory Info -> Cost Centre -> Create Gateway of Tally -> Accounts Info -> Cost Category -> Create Gateway of Tally -> Accounts Info -> Cost Centre -> Create Tally Tally (29) Where you can Activate BRS ? In F11 Features In F12 Configuration None of Above None of Above Tally Tally (30) Which function key is use for Bank Reconciliation ? F7 F6 F5 F5 Tally Tally (31) Price List can be Used for ? Sundry Debtors Sundry Creditors Both Sundry Debtors Tally Tally (32) You can apply Price List to Party ? at the time of Creation of Ledger at the time of Creation of Vouchers Both Both Tally Tally (33) In Ledger Creation Screen Which option is set to Activate Interest ? Activate Interest Calculations Maintain Interest Calculations Maintain Interest Calculations Activate Interest Calculations Tally Tally (34) Which option set to Yes in F11 Features to see the Advance Parameter Screen, While creating Ledger or while Passing Entries ? Override Advance Parameters Use Advanced Parameters Override Parameters for each Transaction Use Advanced Parameters Tally Tally (35) Which function key is use to add Interest amount in Customers Account ? Ctrl + F9 Debit Note Ctrl + F8 Credit Note F7 Journal Ctrl + F9 Debit Note Tally Tally (36) Interest Paid account comes under ? Indirect Income Indirect Expenses Direct Expense Indirect Expenses Tally Tally (37) What is the step to create a Voucher Class ? Gateway of Tally -> Accounts Info -> Voucher Type -> Alter Gateway of Tally -> Inventory Info -> Voucher Type > Alter All of Above All of Above Tally Tally (38) Where you can disallow Price List ? In F12 Configuration In F11 Feature Inventory Info In F11 Feature Tally Tally (39) Which option set to Yes in F11 Features to activate Discount Column ? Discount Column Deactivate in F11 Features Allow Discount Column in voucher Separate Discount Column on invoices Separate Discount Column on invoices Tally Tally (40) Zero value use for ? To Maintain Free Items and Samples To Maintain Free items only To Maintain Sample Only To Maintain Free Items and Samples Tally Tally (41) Which function key is use for Provision Entries ? F5 Payment F6 Receipt F7 Journal F7 Journal Tally Tally (42) Which option is set to Yes in F11 Features to Activate Additional Cost of Purchases ? Activate Additional cost of Purchase Track additional cost of Purchase Set Additional cost of Purchase Track additional cost of Purchase Tally Tally (43) Where you can view Report of Additional cost of Purchase ? Display -> Account Books -> Purchase Register Display -> Inventory Books -> Movement Analysis -> Stock Items Analysis Display -> Inventory Books -> Group Summary Display -> Inventory Books -> Movement Analysis -> Stock Items Analysis Tally Tally (44) Where you can set additional cost of purchase In as Voucher format ? In Item Allocation Screen In Additional cost details Screen Both Both Tally Tally (45) Why we do the Finalization of Accounts ? for Profit Screening To Close all Accounts All of Above All of Above Tally Tally (46) If the Company is in Loss there is no need to do Provision Entries ? True False No Idea False Tally Tally (47) In the term to transfer Net Loss to Capital Account,Which Account Should be Credited ? Capital A/c Net Loss Profit and Loss Account Profit and Loss Account Tally Tally (48) Can you maintain a Tally Company for more than one Year ? Yes No Some Times Yes Tally Tally (49) How we can Maintain more years in one Company ? By Changing Date in Day Book By Changing Date on Gateway of Tally By Changing Date in Company Creation Screen By Changing Date on Gateway of Tally Tally Tally (50) GST is a type of Direct Tax ? True False No Idea False Tally Tally (51) GSTIN is stands for ? Goods and Service Tax Insert Number Goods and Service Tax Identification Number Goods and Service Tax Idnety Number Goods and Service Tax Identification Number Tally Tally (52) _________ Voucher is pure inventory voucher? Credit Note Payment Contra Credit Note Tally Tally (53) Input CGST Account comes under ? Purchase Account Indirect Expenses Duties and Taxes Duties and Taxes Tally Tally (54) Which Option is set "Yes" to view the Description for Item screen in Purchase Voucher ? Use additional description for Stock Items Name Set Provide additional description for Stock Items Name Activate additional description for stock Items Name Set Provide additional description for Stock Items Name Tally Tally (55) In B2B Invoices, B2B stands for? Buyer 2 Buyer Buisness 2 Buyer Buisness 2 Buisness Buisness 2 Buisness Tally Tally (56) While creating Stock items, is it necessary to Applicable GST on stock items? Yes No Some Times Yes Tally Tally (57) Round Off Ledger comes under ? Indirect Expenses Duties and Taxes Direct Expenses Indirect Expenses Tally Tally (58) GST rates can be set on ? Stock Group Stock Items Both Both Tally Tally (59) Which is the proper key for Stat Adjustment screen? Alt + J Alt + S Alt + A Specify Default Ledger Allocation for Invoicing Tally Tally (60) Alt + A is use to view Tax Anaylisis screen? True False SOme Times True Tally Tally (61) Output GST- Input GST = ? GST Payable GST Refundable GST Recivable GST Payable Tally Tally (62) CGST come on Debit side in GST Adjustment Entry ? True False True Tally Tally (63) Which Ledger should be Credited in GST Adjustment Entry of Scenario 1st? SGST CGST Electronic Cash Ledger Electronic Cash Ledger Tally Tally (64) Annual turnover is below 20 lakhs than your firm is _________ ? Regular Composition Unregistered Unregistered Tally Tally (65) Where you can view the GSTR2 Report ? Gateway of Tally -> Display -> Statutory Info -> GST -> GSTR2 Gateway of Tally -> Display -> Statutory Reports -> GST -> GSTR2 Gateway of Tally -> Display -> Statments of Accounts -> GST -> GSTR2 Gateway of Tally -> Display -> Statutory Reports -> GST -> GSTR2 Tally Tally (66) Electronic Cash Ledger Comes under ? Duties and Taxes Provision Current Liabilities Provision Tally Tally (67) Closing Stock appears in _________ Trial Balance Profit and Loss A/c Balance Sheet Balance Sheet Tally Tally (68) Which short cut key is used for Stock Journal in Tally ? Alt + F7 Ctrl + F7 F7 Alt + F7 Tally Tally (69) POS is use for ? To maintain Multi Mode Payment System To maintain Single Mode Payment System All of Above All of Above Tally Tally (70) Where you can activate POS ? In F11 Features In F12 Configuration In Voucher Creation and Alteration Screen In Voucher Creation and Alteration Screen Tally Tally (71) Which option set to Yes in F11 Feature to activate POS ? Activate POS in Vouchers Maintain POS in Invoices None of These None of These Tally Tally (72) Which option set to Yes in voucher type creation to activate point of sales ? Allow POS Invoicing Print Massage 1 and 2 Default Print Title Allow POS Invoicing Tally Tally (73) Is it necessary to enter print massages ? Yes No Yes Tally Tally (74) Which shortcut key is use for multi mode payment in POS ? Alt + P Ctrl + P Ctrl + Alt + P Ctrl + P Tally Tally (75) If you want fix purchase cost and selling price in Stock item, which option set to Yes ? Allow Std. Rates for Stock items Maintain Purchase Cost and Selling Price Maintain Fix Purchase Cost and Selling Price Allow Std. Rates for Stock items Tally Tally (76) ............Voucher used for POS ? F7 Journal F8 Sales F9 Purchase F8 Sales Tally Tally (77) We can view Reports of POS in ? Display -> Inventory Books -> POS Register Display -> Account Books -> POS Books Display -> Account Books -> POS Register Display -> Account Books -> POS Register Tally Tally (78) Gift Voucher Ledger comes under ? Indirect Incomes Indirect Expenses Sundry Debtors Sundry Debtors Tally Tally (79) Electronic Cash Ledger and Electronic Credit Ledger are not same? True False Some Times True Tally Tally (80) Trial Balance contains ________ balance of all accounts? Opening Balance Closing Balance Credit Balance Opening Balance Tally Tally (81) Transfer of materials from one godown to another godown, use? Purchase Journal Stock Journal Sales Journal Stock Journal Tally Tally (82) A ledger can't be deleted if its caring opening balance? True False Some Times False Tally Tally (83) Which of the following taxes leviable on an Inter-State transaction? SGST CGST IGST IGST Tally Tally (84) While creating the ledger of "Fast Foods Corner" ________ Registeration Type was selected? Composition Unregistered None of Above None of Above Tally Tally (85) In GSTIN numbering format last 2 digit indicates? Entity Number PAN Number Check Sum Digit Check Sum Digit Tally Tally (86) Purchase goods from Unregistered dealer, CGST and SGST are Applicable? True False Some Times False Tally Tally (87) When will you apply Reverse Charge Mechanism(RCM)? Purchase from Unregistered Dealer Sales to Unregistered Dealer Both Purchase from Unregistered Dealer Tally Tally (88) What is the shorcut key to Export GSTR1 Report from Tally to Excel? Ctrl + E Alt + E Shift + E Ctrl + E Tally Tally (89) Nill Rated and Exempt are not same Taxbility? True False Some Times True Tally Tally (90) While creating the ledger of Purchase Nill Rate _______ type of supply was selected? Goods Services Both Goods Tally Tally (91) Indian GST model has ______ rate structure? 3 4 5 4 Tally Tally (92) GST threshold limit of North Eastern States is _____ lakh? 10 Lakh 20 Lakh 30 Lakh 10 Lakh Tally Tally (93) Almonds comes under which rate structure? 0 % 5 % 12 % 0 % Tally Tally (94) Tax invoice must be issued by _______ ? Every Supplier Every Taxable Person Registered persons not paying tax under composition scheme Registered persons not paying tax under composition scheme Tally Tally (95) What is the threshold limit of turnover in the preceding financial year for opting to pay tax under composition scheme? Rs. 20 Lakh Rs. 75 Lakh Rs. 1 Crore Rs. 1 Crore Tally Tally (96) Can we enter Closing Stock Value Mannually ? Yes No Yes Tally Tally (97) Which one of the following is true? A person can collect tax only he is Registered Registered person not liable to collect tax till his aggregate turnover exceeds threshold limit A person can collect the tax during the period of his provisional registration A person can collect tax only he is Registered Tally Tally (98) Where you can Activate Integrate Accounts and Inventory option ? In F11 Accounting Feature In F11 Inventory Feature Both Both Tally Tally (99) What will happen if Integrate Accounts and Inventory is set to Yes ? You can not Show mannual Stock in Balance Sheet You can Show mannual stock in Balance Sheet It can not show Stock in Balance sheet You can not Show mannual Stock in Balance Sheet Tally Tally (100) Stock Ledger Comes Under ? Current Assets Fixed Assets Stock in Hand Stock in Hand

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