Sn 1 2

QUESTION_STATEMENT In Tally we can maintain Net Debit / Credit Balances for Reporting option of a Group Is it possible to pay different salary to an individual who fall under the same group where salary structure are same Tally by default provides To pass reversing journal entry press Through which configuration we can activate Dr / Cr instead of To / By ? Bank OCC Accounts is the alias of In Tally Simple and Compound Interest can be charged. F12 - Key is also known as

ANS_1 Inventory only does not allow any credit balance a) Yes

ONLINE_EXAMINATION_QUESTION ANS_2 ANS_3 Accounts only does not allow any debit balance b) No Inventory with account shows the accumulated balance

ANS_4 All of the above None of these

ANS_5 Both B & C

Ans e c

a None of the above None of these

4 5 6 7 8 9

5 ledgers F10 F11 Bank Accounts group True Configuration window

4 ledgers Ctrl + F10 F12 Bank Overdraft group False Company Features window

2 ledgers Alt + F10 Alt+F3 Both

no ledgers F9 None None of these

c a b b a

Company Properties window Actual Company will remain unchanged and other two companies will be generated. Payment mode

10

If a Company has splitted on 1-Sep2004 then what will happen with the Company?

Company data till Company data will be 31-Aug-2004 will be shifted to a new deleted Company

Actual Company will be divided into two parts.

None of these

11 12 13 14 15 16

Bad Debts are recorded through Is it mendatory to select the type of organization at the time of service tax configuration Tally can warn on negative balance of Cash. To invoke Memorandum voucher press To switch from Profit & Loss a / c to Balance Sheet we will use At the time of ledger creation the shortcut to create online Group / Subgroup is

Contra mode a) Yes True F10 F10 Insert key

Journal mode b) No False Alt + F10 alt + 10 Ctrl + C Page 1

Receipt mode

None of these

b a a

Ctrl + F10 F11 Alt + C

None of these Ctrl + F12 Ctrl + Enter

c a c

17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38

Is it mendatory to select the service tax ONLINE_EXAMINATION_QUESTION categories at the time of service tax a) Yes b) No ledger creation To link reciept note with suppliers Delivery Note Debit Note Credit Note Invoice we use Can we Create two Company having yes no same name ? To use the expiry date for stock item Maintain batch wise Set expiry date for Manufacturing date turn on the option details batches In purchase bill we can given Tracking TRUE FALSE Number Input tax credit will be available when Register Dealer Wholeseller Retailer the goods are purchased from Started Business with cash Rs 100000. Contra mode Payment mode Receipt mode We will pass this entry using To show VAT classification report we use Can we zoom any reports in tally ? Debit Note means Sales Return For Payroll Auto Fill You can Press Stock categories can be maintained in Tally Full form of BOM is During Voucher Entry in the amount column ALT+C stands for The shortcut to Delete a Company is How to switch between opened Companies Cash ledger can be allowed in journal mode Manufacturing Journal is a Challan is prepared before We can not keep e-mail address in Company Creation Screen Is it possible to delete the main location ? Vat report consists of F12 at VAT Computation report yes Yes a) Ctrl + F7 True Bills of Month Online creation of Ledgers Alt + Delete Alt + F3 true Document Class order True yes F9 at VAT computation report no No b) Alt + F7 FALSE Bill of Material Online Calculation Shift + Delete F1 FALSE Voucher Class quotation False no CST at the time of sales for trading goods Manufacturing Class invoice Batch of Material Online Group Creation Ctrl + Delete F3 c) Either (a) or(b) F5 at VAT computation report

a Tracking No None of the above d a Both A & B d b Unregister dealer None of these F7at VAT computation report None of the above a c a a b d) none of These a a None of these None Alt + D F2 Alt + X Ctrl + F3 b b d c a Sales Class return b c b b Input vat on purchase of capital goods All of the above e

Input Vat on trading Output Vat on trading goods goods Page 2

39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55

To view current balance of ledger Show Ledger during voucher entry turn on the option Balances from F11 The Option - Allow Component List Datails (BOM) - is used for Report of memorandum vouchers can be viewed through Is it possible to see the opening balance in trial balance Depreciation ledger falls under Income Tax number of the Company will appear in which report? Shortcut for TDS deduction in Tally is Keeping a copy of data in other media is termed as "Is it required to create the ledger named "" VAT refundable""" Within Company alteration window we can define Is it necessary to create at least one item for maintaining price List User can print Confirmation of Statement of any ledger from Tally 9.0 What is the shortcut key to delete a Budget ? Is it possible to assign Multiple Price levels for Invoicing ? Company features are applicable with the current company only To pass the Receipt Note return choose """Proprietor goods taken over for personal use "" It should be passed through " To display net balances of the account group / subgroup instead of debit and credit balances in separate columns we will activateDebit Note vouchers can be used for Purchase Exception reports Yes Indirect Incomes Balance Sheet Alt+C Tally Vault a) Yes an Administrator True True Alt+B Yes True Rejection In a) Payment Net Debit / Credit Balances for Reporting Sales Return

ONLINE_EXAMINATION_QUESTION Show Ledger Current Display Current Balance Balances from F12 from F11 Sales Statutory master No Fixed Assets Profit and Loss Alt+S Tally Audit b) No a User False False Alt+D No FALSE Rejection Out b) journal Credit Note c) receipts Alt+C Indirect Expenses Account Confirmation Statement Alt+T Restore c) Yes depends on situation Name of the Proprietor Manufacturing Stock summary

None of these Voucher Class none of these

b c a a

Direct Incomes Reminder Letter Ctrl+T Backup d) All of the above All of these None of these Ctrl+K All of the above

c c b d c a a a

None

b a a

Debit Note d) None of the above

None of these

b b

56

Group behaves like a Sub-Ledger Sales Order Page 3

Used for Calculation

None of these

57

Purchase Return

Rejection Out

58

To maintain stock categories one should mark

Activate interest calculation a) ctrl + F7

ONLINE_EXAMINATION_QUESTION Invoice for capital More than one cost Goods categories b) Alt + F4 b) GOT > Display > Payslip Ctrl + U c) ctrl + v c) GOT > Display > Payroll Reports > Stement of payroll>Payslip Ctrl + A All of them are true

Maintain Stock All of the above categories d) Alt + O d) Either (a) or (b) Ctrl + V None of these

d a

59 which button is used for payroll auto fill

60

How to display the payslip report To save a Voucher from any position press In general the Financial year from is stareted from

a) GOT > Display > Day Book F4

61 62

c a

1st April of any year 31st March of any year To set user name & To set user name & password for the password for the company but it will company but it will not show the name show the name of the of the company in company in Select Select Company Company List List Maintain Locations in F11 True F2 4 types Yes Ctlr + N a) Current liabilities TRUE Ledger Creation 1percent

63

Tally Vault password is used

To set the password for the company To lock the period of the but it will not Company view the name of the company in Select Company List Maintain Multiple Godowns in F11 Use Multiple Locations in F12

64

To maintain Godown with Inventory turn on the option Is it possible to see the vouchers which have been already Reconciled ? The shortcut of changing period is invoked by pressing Bill reference can be of Split Company and Group Company are not the same Shortcut for Budget Variance input cr on capital goods falls under

Use Godowns in F12

65 66 67 68 69 70 71

False ALT + F2 5 types No Alt + 2 b) Duties and taxes FALSE Group Creation 4percent Page 4 Voucher Entry 20percent None of these 12.5percent nil Alt + V c) Loan liabilities Ctrl + S d) All of the above Alt + B CTRL + F2 9types F1 7types All of the above

a b a a e b a a b

date field in voucher creation mode can be skipped We can give opening balances to the 72 ledger accounts at the time of Machine purchased for production of 73 goods the VAT rate will be

74 75 76 77

To enter voucher number manually in tally we should modify Advance salary falls under Formal name of any unit should be different from Symbol name If a company is actually established on 1st September 2002 the Financial Year from will be Default ledgers in tally are In Journal voucher Cash / Bank entry is possible. Reorder Level is a ___________ for stock item. An assessable value is Tally has extensive internet capabilities To get detail report format press """Cash withdrawal for personal use"" the entry should be passed through " BOM Stands for

configuration window a) Current Assets True 1st September 2002 CASH A / C CAPITAL A / C & CLOSING STOCK A/C True Quality on which Vat is to be calculated TRUE Alt + 1 a) Receipt Base of materials F8 Accounting vouchers without any value 4 Voucher mode Fixed Assets Current Liabilities a) True Account Info

ONLINE_EXAMINATION_QUESTION feature window voucher type b) Duties and taxes False 1st October 2002 1st April 2002 c) Loans & advances( assets)

voucher class d) a and c

c d a

1st April 2003 NO DEFAULT LEDGERS ARE THERE.

None of these

78

CASH A / C & CASH A / C & PROFIT & CLOSING STOCK A / LOSS A / C C False Cost On which TDS is charged FALSE Alt + F1 b) Payment Bill of materials F6 Inventory vouchers without any value 3 Invoice mode Current Assets Current Liabilities b) False Inventory Info Page 5 Not available Quantity On which Sales tax is calculated Alt + 2 c) Contra Bill of matter F2 Free goods

79 80 81 82 83 84 85 86

a None of these None of the above Alt + F2 D) Journal Bill of management Alt + w both a & b All of the above c a a b b b b d

We can see the daily break-up report in cash book by press Allow 0 valued entries in voucher 87 option is set to Yes when we need to pass 88 89 90 91 92 To activate Price List how many options from F11 should be turned on? To work with Track Additional Cost of Purchase you need Working Capital means Document re-numbering is possible in Tally Voucher Type option is available in

1 Both Current Liabilitites Current Assets

2 None of these None of these

c a b b

In both of A and B

93 94

To delete the Master which key you will use ? To give notes for a particular ledger account one should mark

Shift+d Allow Advance entries in master in F12 a) Form 16 F1 we cannot pass purchase / sales transaction Current Liability Cost price Alt + P from scratch F12

ONLINE_EXAMINATION_QUESTION Alt+D Esc Allow Contact Details for ledger account in F12 b) Form 16A F10 we cannot maintain inventory Current Assets Sale price Ctrl + P based on existing voucher type F11 Allow Notes for Ledger Account in F12 c) Form 14 F9 we cannot maintain party Fixed Assets Assessable Value Alt + T Either A or B Company Alteration

Alt+c Add Notes for Ledger Account in F12 d) Form 60 none of these A and B Reserve and Surplus All of the above Ctrl + T None of these Company Info Any one of them Miscellaneous Expenses None of the above None of these A and C None of the above

b d c c b b c d b b

95 "What is the No. of ""VAT return form""" 96 97 98 99 100 101 102 To switch from one inventory report to another inventory report we use At the time of company creation if Accounts Only option has been selected then The account subgroup Deposits is under VAT is Charged on To convert any voucher to Post Dated press A Voucher Types can be created

Budget activation option is available under Modifications / alterations if any done by the user in the entries of a 103 Company to trace out them you have to use Deferred Revenue Expenditure group 104 falls under Can we mention narration against each 105 ledger while passing the voucher entry ? 106 107 108 109 Unconventional voucher means The Option - Use Tracking Numbers is used for. Which is not a Final Report of a Company? The option - Track Additional cost of Purchase - is used in Salary paid to employees without any value this entry passed through

Tally Vault

Tally Audit feature

Audit Trail

None of these

Branch / Divisions yes Accounting voucher Sales Challan Balance Sheet Sales

Indirect Expenses no Inventory voucher Purchase Challan Profit and Loss Purchase b) Payment after activate the option from F11 Page 6

Direct Expenses

None of these

d a

Non accounting vouchers Purchase Order Day Book Party Receipt

Banking voucher Sales Order None of them Party Payment d) Received after active the option from F11

Contra voucher Both A & B

c e c b

110

a) Payment

c) Not possible

111 112 113 114

To switch between Accounts Voucher to Inventory Voucher press The ledger salary payable falls under the group Budgets can be of To feed Free quantities of goods during Sales / Purchase turn on the option

F11 a) Current liabilities 2 types Allow Invoicing Gateway of Tally > Display > Trial Balance a) Ctrl + R Sales Challan Alt+F2

ONLINE_EXAMINATION_QUESTION F12 F1 for Accounts b) Duty and taxes 5 types Use different Actual & Billed Qty Gateway of Tally >Trial Balance b) Alt + L Sales Return F2 c) Loan liabilities 7 types Allow 0 (zero) valued entries in Vouchers Company Info > Trial Balance c) Alt + R Purchase Challan Alt+F1

Alt+F1 for Inventory d) All of the above 3 types Separate Discount column on Invoices None of these d) Either (a) or (b) Purchase Return F12 (Configuration) d) VAT payable A C Dr to Input VAT to Output VAT

Both C and D

e a

4 types None of these

a b

115 116 117 118

To see the Trial Balance choose "The shortcut key ""to remove a line in a report"" is" Credit Note is associated with To see the Balance Sheet in a detailed manner What is the Shortcut Key ?

a c None of these b c

a) Output VAT A/C Which one is the right VAT adjustment 119 Dr to Input VAT A/C entry to Vat payable 120 F11 refers to sales order What is the difference between Indirect 121 Expenses and Expenses (Indirect) groups? 122 123 124 In a Company we may maintain TRUE They are two separate primary groups Accounts only Delivery Note Trade Discoiunt Alt+C manufacturing voucher a) alt + L True True

b) VAT payable A C Dr to Bank FALSE Indirect Expenses is an alias of Expenses (Indirect) group Accounts with Inventory Receipt Note Cash discount Alt+N transfer of materials b) ctrl + L False FALSE Page 7

c) Bank A C Dr to VAT payable

b Expenses (Indirect) is an alias of Indirect Expenses group Both of these Purchase Order both a & b Alt+M both a & b c) ctrl + v A and B Either of these Purchases none of these All of these none of these d) Alt + O B and C None of these c c a a a c b a a

Price List is applicable in case of In price list we show For Calculation purpose which key we 125 will use ? 126 127 Stock journal can be used as

toggle button between optional & regular voucher Expenses or Fixed Asset are allowed in 128 Purchase Vouchers ? Expiry dates for an item like Medicine 129 can be given in Tally

130 131 132 133 134 135 136

Directory where TallyProgram Files will be Loaded is Is it necessary to give Chalan No in Reference You can press ______on payslip screen to change configuration To Select an existing company the way you should follow Cost Category is essential to prepare Cost Centre. The shortcut key used for Memorandum Voucher Opening Stock and Closing Stock both can be viewed through stock summary Special journal that automatically reversed after date of journal

Tally Directory True a) F12 Gateway of Tally >Company True Ctrl+F10 True Scenario management Accounts Info company features

ONLINE_EXAMINATION_QUESTION Application Directory Data Directory False b) F11 Company Info >Select Company False F10 False Ctrl+F8 c) Alt + F12 Company Info > Company

All of these

None of These

b b

d) Ctrl + F11 Any one of them None of these

a b b

Ctrl+F9

a a

137 138

Budget Inventory Info Company configuration No no

Reversed Journal Both A & B gateway of tally

Reversing journal Not Available company info

VAT adjustment journal

d a b

Budget option is available in If you want to change the view of 139 voucher entry screen from Dr Cr mode to To By mode use Is there any difference between 140 Reversing Journal and Memorandam Voucher ? Is it possible to pass a payment entry in 141 single entry mode ? 142 How to create Employee Group in Tally 143 144 145 146 147 148 Shortcut key used to see the report in Detailed Format Depositing cash to SBI should be passed through Which key we will use to activate Company features ? Reciept PaymentVouchers can be passed in Is it possible to record Post-Dated Cash or Bank Transaction? Cash to Bank transaction in Tally can be passed through

Yes yes

a a c) GOT> Payroll info> Employee Alt+F5 Contra mode F6 Double Entry mode d) None of these Alt+F1 Purchase F12 Payment mode Both A & C Sales b d c a e a Reciept voucher Voucher Class None of the above b

a) GOT> Payroll b) GOT> Payroll info> voucher> Employee Employees Alt+F4 Payment mode F11 Single Entry mode Yes Payment Voucher Alt+F2 Reciept mode F4 Contra mode No Contra voucher Page 8

149 What is the function of alias in Master ? 150 151 152 153 154 There are ________ types of Unit of measurements The shortcut key used for Online Creation We can Split Company Data for Loss of stock the entry should be passed through

Shortname 1 Alt + A 3 Months a) Journal a) Alt + s Rs 5 000 Configuration window True

ONLINE_EXAMINATION_QUESTION Full name Address 2 Alt + C 4 Months b) Stock Journal b) Alt+ D Rs 10 000 Feature window False 3 Alt + D 6 Months c) a and b c) Ctrl+D Rs 50 000 None of these

None 4 Alt + B all of the above d) Physical stock adjustment d) Ctrl+ S No limitation

a b b d c a d b b

toggle button between tds ledger And standard journal 155 The limitation for Budget amount is To create Cost Category the option is 156 set to be - Yes - in 157 There is no difference between allocate revenue & non-revenue items To switch from Invoice mode to Voucher mode we will use which shortcut key ? A Tax invoice is a Payment is an _____________.

158 159 160 161

F2 TDS invoice Accounting voucher Gateway of Tally Alt + F1 yes

F1 Invoice for capital Goods Inventory voucher Company info Alt + F3 no

CTRL + V A VAT complaint invoice Optional voucher Accounts Book Both A & B

ALT +F1 Tax point Unconventional voucher Daybook Alt + F2 None of the above

c c a b c a

Group Company option comes in which window ? The shortcut key used to create a New 162 Company 163 Can we view both Opening Balance and Closing Balance in Trial Balance ? Is it Compulsory to activate Maintain Balances Bill by Bill for S.Debtors & S.Creditors for maintaining billwise breakup ?

164

Yes

No

165 166

Drawings account will be assigned with Profit and Loss with the group Debit balance Alt + F9 key is used for Purchase order

Capital Account with Debit balance Sales order Page 9

Capital Account with Credit balance Purchase challan

Profit and Loss with Credit balance Sales challan

None of these

b c

Maintenance of batchwise inventory is not possible in tally User can print Reminder Letter for the 168 Party from Tally 9.0 Buy 2 get 1 free - Which option we 169 should use ? To pass the Delivery Note return you 170 need 167 171 How many types of Interest Styles are available during Interest calculation

True True Maintain cost centres Rejection In 4 a) Ctrl + N a) 1 Allow cash accounts in journal in F12 Purchase account to cancel any Sale

ONLINE_EXAMINATION_QUESTION False False Zero Valued entry Rejection Out 3 b) Ctrl + C b) 3 Allow multicrrency Sales account to cancel any Purchase False no Sales Ctrl+P b) Loan from party Party FALSE b) Code number Manufacturing entry Alt + Enter F11 Page 10 c) Extra information Goods purchased Enter F8 d) a and b Both A & B Not possible F9 Both A & C Purchase Ctrl+N c) Loan from party cash Purchase Return Ctrl+Shift+N d) None of the above All of these All of the above Maintain Billwise Details Credit Note 2 c) Alt + C c) 2 Invoice for capital Goods Duties & taxes to Reject any Sold good Actual and Billed Qty Debit Note 1 d) a and c d) 4 Alllow cash accounts in Journal Current Assets to Scrap any good from godown None of the above e) None of this None of these

b a d a a d b d c c

172 The option calculator will come through 173 How many parts in Employee masters 174 175 176 To get cash ledger in Journal mode one should mark Input vat ledger should be under Use Rejection Notes option can be used

We can Modify Delete and Alter a 177 Voucher Entry from Display Daybooks option The function of an alternate unit is 178 same as main unit Inventory values are affected option will 179 be set Yes for which ledgers ? 180 181 182 183 Calculator in tally is invoked by Incase of loan taken from party the required ledger will be Ctrl+F10 is the shortcut for Memo Voucher We can maintain an alias

True yes Sales Return Alt + P a) Loan from party Party Cash TRUE a) Short name Stock tranfer Ctrl + Enter F12

a b e c c a d d a b

184 Stock Journal voucher can be used for During the declaration of a group parent group can be changed using To maintain batch details for stock item 186 which Shortcut Key is used to activated the option ? 185

What type of voucher Memorandum voucher is ? Can a user pass a voucher entry 188 whose monetary transaction value is 0 ? 187 189 190 191 192 193 194 195 196 197 198 199 200 Shortcut for credit note in Tally is Revenue item is related with Shut down a company means to delete a company To view a hidden voucher we will use Outstanding bill report can be seen from Market valuation can be in To pass Sales order entry turn on the option from F11 The option - Separate Discount Column on Invoices - is available in To see existing ledgers of a Company choose Actual & Billed Quantity column may be used in case of Ctrl + N is the key to activate Splitting of a company is not possible in Tally

Optional Yes Ctrl+C a) Purchase True alt + r Display - Inventory Books Outstanding 2 Ways Allow 0 valued entries in voucher Sales Voucher Gateway of Tally > Accounts Info > Ledgers > Create free goods Voucher Entry TRUE stock items stock items Yes Maintain Billwise Breakups Alt + 2 statements of accounts a) True

ONLINE_EXAMINATION_QUESTION Non Conventional Regular Voucher No Alt+C b) Sale False alt + s Display - Accounts Books - Outstanding 3 ways Allow sales order processing Purchase Voucher Gateway of Tally > Accounts Info > Ledgers > Display trade discount Stock Entry FALSE stock group stock group No Maintain Bill Details Alt + X statements of inventory b) False Page 11 Maintain Billwise Details Ctrl + 2 Accounts Book ledger name ledger name ctrl + r Display - Statement Of Accounts - Outstanding 6 ways Both A & B Payment Voucher Gateway of Tally > Accounts Info > Ledgers > Alter cash discount Calculator Ctrl+F8 c) Purchase & Sale

None Of These

b a

Alt+O d) None of the above

All of the above

c c b

none of these None of these 4 ways Tracking Number Both A and B None of these none of these Current Voucher No. None of these

b c d c d b a c b

201 Allow aliases option is associated with 202 203 Part number option is associated with Does Purchase and Sales order affect stock position ?

ledger group unit of measurement

all of these

e a b

204 To keep bill details for a party choose 205 206 207 Shortcut key for Cancellation of Voucher Cost centre report is available in UDF is possible in Tally

None of these None of these Exception Report

c b a b

208 209 210 211 212 213 214 215

Is it possible to see profit or loss both as liability To shut a Company Can we define Credit limit for debtors & creditors ? To prepare Manufacturing Voucher you have to depend on Discrepancy between Actual stock and Computer stock is termed as What is the hot key to open an Accounting Voucher ? Suspense A / c in Tally falls under How we can pass entry without any value Invoice format for Sales / Purchases can be turned ON from The shortcut key used for Optional Vouchers Budget report can be seen from To convert a Sales entry from Voucher mode to Invoice mode use Invoices are classified in

a) True Click on taskbar yes Stock Journal Actual Level Press - V Assets a) F11 > allow 0 valued entries in vouchers Company Configuration Ctrl + T Display -Trial Balance F9 2 categories

ONLINE_EXAMINATION_QUESTION b) False Click On gateway of Tally no Sales Stock Verification Press - A Liabilities c) Is not possible Company Features window Ctrl + O Display - Statement Of Accounts Alt + V 8 categories Company Alteration window Ctrl + L Both A & B Ctrl + V 6 categories None of these None of these None of the above Purchase Reorder Level Press - D Incomes Any one of them Voucher Class None Expenses None of these Physical Stock Click on Shift +N Button Click On Alt+f1 button None of the above

a d a a e a b a

216 217 218 219 220 221

Company Info menu Ctrl + A Display - Accounts Book - Cash Bank Book(s) F8 5 categories False no credit side in the entry Company configuration Ctrl+P No Invoice mode Alt + F2 Page 12

None of these

c d d d a a

We can maintain more than one user & True passward in tally No entries in voucher this message no debit side in the 222 comes when there is entry 223 224 225 226 227 F11 in Tally refers to Purchase order in tally Comes by In case of Date Setting is there any difference between F2 & Alt + F2 key ? Sale Bill and Purchase Bill can be entered only in The shortcut used to find Group Company Company details Alt + P Yes Voucher mode Alt + F1

no amount in the entry Company features Alt+R

no date in the entry Company ACCOUNTS Alt+O

c All of the above None of these c e a

Both A & B Alt + F3

None of these Alt + F4

c c

228 229 230 231 232 233 234

Is it possible to define item wise price list ? Bill of materials option is related with To create Duplicate voucher press By default Profit & Loss A / c is created under which Group ? Is it possible to see vertical balance sheet Display of Sundry debtors without ledger breakup cannot be possible in Tally Single mode of Voucher entry is possible in Tally

yes scenario Alt + F2 Capital a) True True True

ONLINE_EXAMINATION_QUESTION no manufacturing Ctrl + F2 Reserve & Surplus b) False FALSE False reversing journal Alt + 2 Primary budget Ctrl + 2 Profit & Loss.

a b c c a b a

235

To display Outstanding report for Debtors select

Gateway of Tally > Gateway of Tally > Gateway of Tally > Display > Statements Display > Statements of Display > Exception of Accounts > None of these Accounts > Outstanding > Reports > Debtors Outstanding > Debtors Receivables Delivery Note True Press F5 2 Ways Receipt Note False Press F6 9 ways Press F8 4 ways c) Allow ADVANCED entries in master from Accounts Master Purchase Contra mode Press F9 8 ways d) None of these Receipt None of these Costing cannot be done Purchase Note Sales Note None of these

236 237 238

Goods received on account of purchase is related with There is no difference between Cancellation and Deletion of Voucher ?

b b a b

The shortcut to open Payment Voucher Mode . Costing method of an item in Tally can 239 be maintained in

"To display the ""inventory values are b) Allow ADVANCED a) Use ADDRESS 240 affected"" at the time of ledger creation entries in master from for ledger accounts "" press F12"" to active " Inventory master 241 242 243 244 245 The option - Rejection out - is used during To transfer the amount from Main Cash to Petty Cash you have to use If we select - Accounts Only - feature can we maintain stock item ? Is it possible to maintain Income and Expenditure Stmt instead of P / L A / c ? Choose the correct shortcut key to export. Payment Payment mode Yes True Alt + X Sales Receipt mode No False Alt + E Page 13

c c b a

Alt + P

Alt + T

246 247

CST in purchase is deducted from

Sale amount True Alt + F1 Direct Income Indirect Expenses Contra mode True 11 digit numerals F12 a) Ctrl + Enter 2 Ways 2 state Invoice for capital Goods Debited a) Alt + 2 Company Info > Backup

ONLINE_EXAMINATION_QUESTION Purchase amount None of the above False Shift + F1 Indirect Income Duties and Taxes Payment mode False 12 digit numerals F11 b) Alt + Enter 3 ways 1 Company 13 digit numerals F10 c) Alt + D 5 ways 3 country Ctrl + F1 Indirect Expenses Sales Receipt mode

All of the above

c b

Simple & Compound Interest are same in Tally To Shut an opened Company the 248 shortcut is Discount Allowed ledger is created 249 under _________ group 250 251 252 253 254 255 256 257 258 259 Input Vat ledger falls under To transfer the amount from one Bank to another mode of voucher will be Audit features are available without enable the Security Control A VAT TIN number has Use defaults for bill allocation this option is available by pressing which key ? For on line modification we have to press Calculation of Input Vat Is of How many types of Voucher Numbering are available in Voucher Types ? In vat tin no 1st 2digits represent To skip the date field in accounting voucher create mode one should mark During Debit Note entry Purchase Account is to be "The shortcut key ""to Duplicate a voucher"" is" We can take Backup of a Company through MRP stands for For Purchase & Sales Ledgers Inventory values are affected - option must be YES

None of these Direct Expenses Purchases None of these Indirect Incomes

a c b a b

9 digit numerals 6 digit numerals F3 d) Not possible 4 ways 4 Cannot be calculated

a a a d c a

Allow Advance entries Click On gateway of Tally in master in F12 Credited b) Alt + 3 Display > Backup Will not come into effect c) Alt + V Gateway of Tally > Backup Maximum Retail Price

F11-Skip date field in create mode(faster entry) None d) Alt + D None of these None

F12-Skip date field in create mode(faster entry)

260 261 262 263 264

b a a c a

Material Retail Price Minimum Retail Price True False Page 14

265 To exit from any window the shortcut is 266 267 268 269 270 271 272 273 274 275 Journal Voucher is used for Adjustment and Rectification Can we create Online Ledgers during Voucher Entry in every mode ? Credit Note means Sales Return Price List option is available in For interest calculation which of the option in F11should be marked Cost Centre report can be seen from BRS report we can see through Is there any effect in accounts if goods are destroyed by fire ? Deferred Revenue Expenditures is related with

alt + x True Yes Yes Accounts Info maintain Billwise Details Display-Trial Balance a) Cash bank reports > F5 yes

ONLINE_EXAMINATION_QUESTION ctrl + q alt + e False No No Inventory Info Allow multicrrency Dispalay - Accounts Book b) Display > MIS report > BRS report no Direct Exp.Group Display Ctrl + A statements of inventory Alt + F8 sales rate Inventory Accts NO List of Accounts F8 Exception Reports Alt + V Curent Assets Group Alter Ctrl + Enter inventory books Alt + F9 closing rate Both A & B

alt + y

b a a a b Enable TDS c c a a

Accounting Vouchers Both A & B Activate interest Maintain stock calculation categories Display - Statements Of Both A & B Accounts c) Display > Bank report > d) Cash report F5 > BRS report

Indirect Exp. Group Create Ctrl + Q statements of accounts

Miscellaneous Expenses group None of These Ctrl + N inventory info Alt + F4 both a & b None of these

d c a b d d c a

To modify any ledger balance go to Account info -> Ledger -> The shortcut key used to quit from the 276 screen without questioning 277 To view Reorder Status report we use 278 279 280 281 282 283 284 285

The shortcut key to activate Purchase Alt + F5 Order Allow standard rate for stock items this purchase rate option is used to give The Option Accounts-with-Inventory is Financial Accts used to maintain In tally We can create a new Company on any other Directory rather than data YES Directory Post Dated entries can be viewed Scenarios through To convert a Purchase entry from Ctrl + V Invoice mode to Voucher mode use The way to Shut any opened Company Gateway of Tally > is Shut We can Modify an existing Company Company Info > from Alter

None of these F9 None of these B and C

c a b a

Company Info > Shut Company Info > Close A and B Company Company Company Info > Alter Gateway of Tally > Modify None of these Company Company Page 15

286 287 288

Tally by default create s Contra mode is used for

2 levels of security Cash-Bank Transaction Net Debit / Credit Balances for reporting. a) Form 16 yes a) F11 > Profit or loss both as liabilities Alt+Space Bar F12 Key Memo Entry numeric Make Optional as default

ONLINE_EXAMINATION_QUESTION 3 levels of security 4 levels of security Party Payment Group behaves like subledger. b) Form 16A no b) F12 > Profit or loss both as liabilities Alt+Tab F11 Key Memo Register alpha numeric Prefill with Zero c) Not possible Ctrl+Enter F10 Key Memorandum Vouchers text Use as a Manufacturing Journal Party Receipt Used for calculation. c) Form 14

7 levels of security Adjustment None of these d) Form 60

6 levels of security

a a b b a b

To suppress ledger break-ups for a group within report the option should be activated in group is 289 Which Form is use for TDS Challan Is it possible to perform manufacturing 290 without formula ? 291 292 293 294 295 296 To see profit or loss both as liabilities we have to select How to edit a Ledger during a Voucher Entry ? To get the option Enter address for godowns press Memo voucher can be viewed by Display -> Exception Report -> Voucher number in tally can be in Which option is mandatory to make a Manufacturing Journal?

None none of these Memo Account All of these None of these

c a c d c

297

To display Outstanding report for Creditors select

Gateway of Tally > Gateway of Tally > Gateway of Tally > Display > Statements Display > Statements of Display > Exception of Accounts > None of these Accounts > Outstanding > Reports > Creditors Outstanding > Creditors Payables Accounts only TRUE Income Accounts with Inventory FALSE Profit and Loss Indirect Income c) Many employees can come under a single group Closing Date of the Financial Year None of these Accrual Basis Both A & B None

298 299 300

We can maintain our books as Ctrl + F8 is the shortcut key for Debit Note Income (Indirect) is the alias of which account group ? "Why The option "" Behave like groups"" Ask at the time of employee creation"

d b c

301

302

Books beginning from means

a) Only 5 b) Minimun 2 and Max Employees can 10 employee can come under the come under the group group the date from which the date from which Financial Year Company starts to starts for the maintain its Accounts Company Page 16

d) b and c

None of these

Can we see income and expenses statement instead of profit or loss account We can see Income Expenses instead 304 of Profit & Loss in Tally 305 Interest can be defined against 306 Cost center option will come through 303 307 308 309 310 Reorder Level option is available in Is it possible to export Balance Sheet report from tally to excel ? Party account can be created through

a) Yes True Cost Centre a) F11 Accounts Info yes Group creation window True voucher entry Relative Yes a) F11 Ctrl + L Yes Tally vault password Price List average a) F11 > use tracking number 4 to define a new voucher type

ONLINE_EXAMINATION_QUESTION b) No FALSE Group b) F12 Inventory Info no Ledger creation window False voucher type Absolute No b) F10 Ctrl + T No Security control password Price Level FIFO User password Voucher Class LIFO all of these Contra vouchers Std.Cost none of these None of the above All of the above c) Alt + F12 Ctrl + A d) none of these Ctrl + Enter voucher mode Compound ledger mixed All of the above Inventory creation window Any one of them None of these Ledger c) F4 Both A & B None of these d) F5 Accounting Vouchers

a a c a b a b a b c a a b b a c e a 1 None of these b c

Existing Voucher Type can be modified. To enter the effective date for vouchers 311 we should modify the 312 313 314 315 316 317 318 319 Relation between 2 simple units is Is it possible to change password of Tally Vault for a Company already assigned with such password? The Payroll configuration can be activate from The shortcut key used for Post Dated Voucher Optional / Memo / Reversing Journal is effected in Financial Account The name of the Company is hidden inside when we use ________? Novel way of automating accounting allocations during invoice entry is Inventory valuation in tally may be

Which option is use for goods delevery 320 entry 321 322 How many default ledgers are provided by Tally? Voucher Class can be used

c) F12 > Use tracking b) F12 > use tracking number and use rejection number notes 2 to define a group of ledgers Page 17 0 to allocate ledgers with a voucher type

323 324 325

Short cut for Deletion of Sales order Receipt note is used in case of

Alt + P After purchase True F8 Online ledger Alt + F2

ONLINE_EXAMINATION_QUESTION Shift+S Alt+D Before sales FALSE F5 Online Group Alt + F1 F9 Online Cost Centre Ctrl + F2 Before purchase return

Crtl+D Sales return

None of the above Before purchase

c e b

Costing method in Tally for item is not possible 326 To reconcile the voucher press 327 During voucher entry we may create

F6 A and C Ctrl + F1

F1 All of these None of these

b e a

What is the key combination to change 328 the financial year an existing Company ? At the time of ledger creation the 329 shortcut to modify online Group / Subgroup is 330 331 If the Company starts from1st April 05 the books beginning from will be Manufacturing Entry should be passed through To purchase Fixed Assets through Purchase voucher turn on the option

Alt + C

Alt + D

Insert key

Ctrl + Enter It can be any date after 31 / 3 / 2005 Both A & B

None of these

01/04/2005 Optional Journal Allow Expenses / Fixed Assets in Purchase Vouchers from F11 Alt + 2 TRUE yes Optional voucher True Gateway of Tally > Accounts Info > Ledgers > Alter True Gateway of Tally > Delete Company

31/03/2005 Stock Jrnl Allow Expenses / Fixed Assets in Purchase Vouchers from F12 Alt + X FALSE no Reversing journal FALSE Gateway of Tally > Ledgers > Single Ledger > Alter False Company Info > Delete Company Page 18

02/04/2005 Physical Stock Allow Expenses / Fixed Assets in Purchase Vouchers from F11 / F12 Alt + A -

d None of these b

332

None of these

333 334

To Duplicate a Voucher In Day Book

Alt + I -

a a a

Multiaccounting printing is possible in tally Is it possible to import transactions 335 from one company to another company in tally ? The voucher that are used in Scenarios 336 management We can give partno(Design no 337 catalogue No ) for stock item 338 339 340 A ledger account can be altered through A Primary Group can be defined by the user. To Delete a Company you should opt

Post dated voucher

Both A & B

None of these

d a

Gateway of Tally > Ledgers > Alter

None of these

a a

Company Info > Alter

Nome of these

341 342 343 344 345

To see the Budget variance press Stock Journal mode is used for During voucher entry Date can be changed. To make an Optional voucher press

Alt + G ONLINE_EXAMINATION_QUESTION+ T Alt + B Alt Manufacturing of Bad Debts None of these Item adjustments True Alt + L yes Sales Note a) GOT> Stock Summary F12 Gateway of Tally > Inventory Info > Stock Items > Location True yes Stock Jrnl F2 Against Ref Duty & Taxes Security control Simple only a) Show opening balance yes False Ctrl + L no Receipt Note b) GOT > Display > Stock Summary F11 Sales Receipt Note c) GOT > Inventory Books > Stock Summary Alt + F11 Shift + Ctrl + L

Ctrl + B

b a a

Alt + Ctrl + L

None of these

b a

Can we mention the voucher number for each entry manually ? Goods delivered on account of Sale is 346 related with 347 Where you will find the stock summary 348 Company Feature invoked by pressing

Delivery Note d) b and c Ctrl + F12

None of these

d a

None of these

349

How to create godowns?

Gateway of Gateway of Tally > Gateway of Tally > Tally > Inventory Info > Stock Inventory Info > Godowns Inventory Info > Items > Godowns Locations False no Manufacturing Jrnl F3 New Ref Sales Account User Password Compound Only b) Show accomulated balance no Page 19 Physical Stock F6 On Account Current Liabities Tally Vault Both Simple & compound c) Only opening balance Both A & B None Advance Duties & Taxes Audit trial None of the above d) Opening balance only None of the above All of the above e) Not possible None of the above

Multiple Ledger creation mode does 350 not allow to define Bill details against a party account. Can we view CST paid amount at the 351 time of purchase in Vat Report ? 352 The shortcut key ( Alt+F7 ) is used for

b b d a b d c c a a

353 Short Cut key to put the Voucher Date For a new Bill raised by us or raised on us by our supplier we use At the time of Sale Bill entry - Output 355 Vat - is created under which group ? Maintain Company data in encrypted 356 form and not to disclose our company name we use 354 357 358 359 Unit for an item can be To see the opening balance in trial balance you have to activate the option Can we change the date format from dd-mm-yy to mm-dd-yy in tally ?

360 361 362 363 364 365 366 367 368 369 370 371 372

Is it possible to pass purchase order entry without any value For auto calculation of TDS amount we have to press Quantities of items be added option is available while creating Full form of BOM To print the report press To mention the narration against each ledger we have to Outstanding Expenses group comes under To Cancel a voucher press Accounts & inventory cannot be maintained together in Tally Prereceived Commission ledger falls under To remove a line from a report which key we will use ? Tax paid on Capital goods ledger should be under the group The Mailing name shall be

a) Yes a) Alt + C ledger Billing of Maintaint Ctrl + P use common narration Current Assets Alt + 2 TRUE Current Liabilities Alt+R Fixed assets The Name of the Company

ONLINE_EXAMINATION_QUESTION b) No b) Ctrl + N stock item Bill of Material Alt + P narrations for each entry Investments Ctrl + D FALSE Current Assets Alt+O Current liabilities The Name of the Proprietor Loans and Advances Alt+W Misc Exp( Assets) Both Inactivation of Integrate Accounts and Inventory Receipt mode Loan (Liability) All of these Sundry Debtors None of these None of these Payment mode None of these None of these c) Alt + S stock group d) Not possible

a c c b b b d d b a a c a c c b

unit of measurement Billing of Material None Alt + E Alt + R common narrations for each ledger narration for each ledger Current Loans (Liability) Liabilities Alt + D Alt + X

373 Stock Report is not appearing because Bank Interest received will be passed through User can maintain Predefined narration 375 in Tally 9.0 376 The default godown of tally is What do you mean by the term - Alias 377 ? 374 378 379 What is the full form of TDS ?

Inactivation of Allow Inactivation of Billwise Invoicing option Details option Contra mode True location Alternate name Terms Deducted from Sales F4 manufacturing Alt + F1 Journal mode False main location Nick Name Tax deducted from Sales F5 purchase Alt + F2 Page 20

godown Short Name Tax Demated From Sales F2 sales Alt + F3

none of these All of these Tax deducted at Source F7 sales return Both A & C

b d d c a d

The shortcut key used to change the Voucher Date Allow components list details (Bill Of 380 Materials) this option is used for The shortcut key used for Back Up and 381 Restore data.

382 383 384 385 386 387 388

Can we see Closing Stock through Trial Balance ? Under which directory data of a company is normally stored ? Can we delete a company using ? Single Entry mode is available for Sales and Purchase entries. To switch to Contra mode of voucher press To Split a Company use

yes DATA Directory Alt + D True F4

ONLINE_EXAMINATION_QUESTION no Root Directory Ctrl + D False F5 F6 Gateway of Tally > Accounts Info > Split Export the data 3 F9 Allow reciept as contra in F12 c) None of the above Gateway of Tally > Restore Alt+C F7 None of these Backup 4 none of these Use Payment Reciept as Contra in F12 d) All of the above None of these Alt+5 None None of these None of these Bin Directory Del Company Directory both a & b None of these

b a a b a b e b b

Gateway of Tally > Company Info > Split Split Company Data Company Data Calculator 1 F1 Allow cash accounts in journal in F12 a) F11 Company Info > Restore Alt+1 Print 2 F10 Allow payment as contra in F12 b) F12 Display > Restore Alt+D

Alt + N key is used for How many default ledgers are available 389 in Tally ? 390 To switch from one accounting report to another accounting report we use To pass payment reciept voucher as contra the option be marked is

391 392

All of the above

d a a e

We can maintain different and actual billed quantity through A Company can be Restored through a 393 Backup from What is the shortcut key to create a 394 duplicate Voucher ? Is it possible to import transactions 395 from one company to another company without importing the masters ? 396 397 398 399 400 To see the Ratio Analysis choose Stock Category is used for ____________of Stock item. To shut a Company means For Cheque printing press F11 to activate Debit Note is associated with

yes Gateway of Tally > Display > Ratio Adjustment To Open it a) Set modify other company features Purchase Return

no Gateway of Tally > Ratio Analysis Classification To Close it b) Enable Cheque Printing Sales Return Page 21 Company Info > Ratio Analysis Rectification To Delete it c) Both (a) and (b) Purchase Challan

None of these None of these To Hide it d) Either (a) or (b) Sales Challan None of these None of the above

b b b c a

ONLINE_EXAMINATION_QUESTION 401 How to display item wise stock report a) GOT> Stock Summary b) GOT > Display > Inventory books > Stock Item

d) GOT > c) GOT > Display > Display > Statement of inventory> Inventory books Godowns > Group Summary Audit trial Alternative currency Ctrl + F10 Regular date voucher type c) Ctrl + F11 c) GOT > Entry transaction Profit & Loss Voucher Number Bill No. Is Not Needed c)Alt + I Vouchers Types Accounts will be maintained whenever stock will be transferred through godowns to increase / decrease stock without affecting accounts All of these None of the above None of these Regular no none of these d) Ctrl + F12 Optional None of these

402 403 404 405 406

Allows administrator to track changes in accounting information Tally maintain our accounts according to the currency given in To invoke Reversing Journal press Optional voucher can be converted into regular voucher by click on To avoid warning against negative cash use

Security Option Multicurrency F10 Regular button configuration window TRUE a) F11 a) GOT > Import data Cash in Hand Voucher mode Enter Bill No. Manually a)Alt + E Stock items

Tally A udit Symbol in base currency Alt + F10 Regular voucher featues window FALSE b) F12 b) GOT > Import Masters Capital Account Voucher Class Bill No Will Be Generated Automatically b)Ctrl + I Stock groups

b b a a a a b

407 Remarks for items in Tally can be given To see the opening balance in trial 408 balance you have to activate the option from What is the procedure to import 409 transaction from one to another company Find out which is not a Default ledger in 410 Tally. 411 We can add Prefix and Suffix to 412 413 Use defaults for bill allocation this option is used to

d) Not possible None of these Voucher Type None of these d) None of these ledger All of the above

b b c b c c

The shortcut key of changing Accounts Invoice to Item Invoice is Manufacturing Vouchers can be 414 created in Tally 415 Accounts with Inventory means

416 417

Physical Stock option is used Memorandum Voucher is a Nonaccounting Voucher

Accounts will be Accounts will be maintained maintained whenever whenever stock stock being sold being purchased to transfer stock to cancel a Sale / from one godown to Purchase entry another True False Page 22

A and B

A and C

None of these

c a

418 419 420 421 422 423 424 425

An item can have alternative units in TALLY A ledger may get declaration space for its Alias through Document re numbering is possible in Tally Vat Tin number consists of Can we use Cost Categories without using Cost Centres ? Contra mode is related to Bank and Cash transaction. It is mandatory To pass a purchase order before bill Administrator of a Company can be assigned through Standard Rates for Stock item can be given from

TRUE F12 a) True 11 digits yes Yes Yes Tally Audit Use alternate unit for stock items in F12 Input Vat Yes TRUE Stock in Hand a) No True a) ctrl + F7 Assets List of Inventory TRUE Alt + Insert Alt + A

ONLINE_EXAMINATION_QUESTION FALSE F11 b) False 10 digits No No No Security Control Tally Vault Company Alteration Allow alternative rates for stock items none of these None of these None of the above 12 digits 15 digits Alt + F1 Alt + F2

a a b a b a b d

426

Use Standard rates for Allow Std.rates for Stock stock item items Output Vat No FALSE Closing Stock b) Yes FALSE b) Alt + F4 Liabilities List of Vouchers FALSE Ctrl+M Alt + 2 Page 23 Ctrl + N Alt + X c) ctrl + v Incomes List of all Masters No ledger is there Both

C S T (Purchase) can be adjusted with ______. Purchase / Sales order is affected in 428 your Financial Account Monthwise display of balancesheet can 429 be displayed in Tally Which ledger in Tally maintains 430 Inventory? 427 431 432 433 434 435 436 437 438 Is it mandatory to create the pay structure for each and every employee To give any note for aledger account is not possible For auto calculation of payroll amount we have to press By default Nature of Group for Branch / Divisions is Day Book is used to see the Example of an Accounting Voucher is Memo Voucher To invoke Calculator anywhere in Tally press To Add a voucher in Day Book.

d b

a c a b

d) Alt + O Expenses None of these

a b b b

Ctrl + C Alt + D

None of these

c a

439 Stock Transfer report can be seen from 440 49 items are exempted from VAT To switch to Payment mode of voucher 441 press 442 443 VAT means Input vat credit on capital goods is available for maximum of [May differ state to state]

Display - Inventory ONLINE_EXAMINATION_QUESTION Display - Statements Display - Accounts Book Books of Inventory TRUE FALSE F4 Valuation of all taxes 30 monthly installment a) Yes True Alt + P Press D Y indirect exp Alt + D stock items a) F11 > Show vertical balance sheet Inventory ledger Maintain Billwise Details True Ctrl+C Create Alt + I TDS invoice F3 F5 Valued added tax 35 monthly installment b) No False Ctrl+P Press D B drawings Ctrl + B ledger b) F12 > Show vertical balance sheet Accounts ledger Allow Invoicing False Alt+C Alter Alt + A VAT invoice F4 Page 24 Shift+Alt+C Multiple creation Alt + D Shift+Alt+C Press D D direct exp Ctrl + V cost centres c) Not possible Accounts Voucher Allow Order processing F6 Value added tax 24 monthly installment

Display - Day Book F7 Value adding tax 20 monthly installment 36 monthly installment None of these

a b b c e a a

444 Is it possible to copy the entry into Tally A Bill can be formed without Order and Challan. 446 shortcut for purchase bill is 445 447 The Hot Key for - Display Daybooks - is 448 449 450 451 Life insurance premium of proprietor is treated as Switching between Invoice and Voucher mode during Sale / Purchase Reorder level is related with To see vertical balance sheet we have to select

Alt+F9 Press D S indirect income None of these godowns

F9

e c b c a b

452 Reciept Note Voucher is an example of 453 454 To avail Budget turn on the option

Inventory Voucher Maintain Budgets and Control

All of the above None of these

d d a

Is it possible to calculate tax on current sub-total ? Online creation of Ledger can be 455 possible by To create ledger in multiple modes Go 456 to -- Gateway of tally -> Accounts info > Ledger -> 457 To insert a voucher in Day Book. 458 459 Credit for the Tax paid on Inputs is To Reconcile a Bank entry press

Alt+O Display Alt + 2

All of the above

b c

A&B

e d c

Invoice for Capital Goods Input Tax credit All of the above F5 F6

460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481

Can any User convert the Memorandam Voucher into Regular basis ? The option - Integrate Accounts with Inventory - affects only BOM refers to Tracking Number is used to keep Retained Earnings is the alias of which account group ? Is it possible to delete the default godown (Main Location) ? Can we use Reference Number in Stock Journal ? Is it possible to create pre defined cost center for entry Is it possible to delete the profit & loss account ledger ? toggle button between voucher & invoice mode Before taking printout print preview can be viewed in Tally. Patent account falls under The shortcut key used to activate company features Can we use Cash Account in Journal mode ? At the time of voucher entry to repeat the previous narration pressDuring voucher entry existing ledger can be modified. compound unit is associated with We can create the Cost Centres for Full form of CST UOM stands for A management tool that enables different views of our information For manufacturing we have to create

True Accounts Bill of materials Challan number Retailer Yes yes a) Yes yes a) ctrl + v True Investments F11 True Ctrl+R True

ONLINE_EXAMINATION_QUESTION False Inventory Bill of manufacturing Order number Profit and Loss No No b) No no b) ctrl+ i False Liabilities F12 False Alt + C False Groups Non Revenue Items Cost centres Both Central Sales Tax Unit of Measurement Memorandum Vouchers c) Either a or b Interest calulation None of these None all of the above Scenario management d) a and b both None of the above Alt+R Alt + Ctrl + R A&C Current Assets F9 None of these F8 c) ctrl + a d) ctrl + d Both A & B Budget of Manufacturing Bill number Reserve and Surplus None of these Bill of Memo All of these Capital Reserve None of the above None of these

a c a a c b a a b a a d a a e a a c c c d a

Unit of mesurement Revenue Items

Central Service Tax Central Surcharge Tax Utility of Materials Reversing Journal a) voucher type Units of Materials Optional Vouchers b) Voucher class Page 25

482 483 484

485 486 487

You do not allocate transactions to cost categories you allocate them to cost centres only Group Company option can be worked for When goods are destroyed by fire there is an effect in If voucher numbering scheme is changed from automatic to manual then a message will come for duplicate voucher number Tally 9.0 can be used by How many months are by default provided by Tally for a Financial Year ? To declare Price List for a product choose "Is it mendatory to select the same categories with the both ledger "" Service Tax and Expences""" We can import

True an opened company both accounts & inventory yes Single User 12

ONLINE_EXAMINATION_QUESTION False more than one opened company only inventory Both only accounts None of these no effect

a b a

no Multiple User 24 Both (a) & (b) 6 None Unlimited

a c a

488

Gateway of Tally > Gateway of Tally > Masters > Inventory Inventory Info > Price Info > Price List List a) Yes Ledger alt + r Accounts Info Yes Suspense Payment TRUE True Alt + A F10 Key True Tax indian notifiacation b) No Cost Center alt + s Inventory Info No Party Payment FALSE FALSE Alt + F F8 Key False Tax Payers identification number Page 26

Gateway of Tally > Display > Price List

None of these

489 490 491 492

a Group ctrl + r Both A & B All of the above none of these None of these d a b a Party Receipt None of these a b a Alt + C F9 Key None of these F4 Key c a b Tax input number Tax Inter State Number b

To hide a voucher we will use Godown option is available in Is it possible to pass Cash / Bank entry 493 through Journal Entry mode ? 494 495 496 497 498 499 500 Memorandum Voucher is used for We cannot Maintain Cost Centre in Tally We can maintain Both Cost centre & Cost categories in Tally To activate Auto Value Calculator press Which key will be used to choose for Reversing Journal ? Books beginning from is the end date of Accounting Year VAT TIN stands for

The shortcut used to find Security Control To use Cash Bank accounts in Journal 502 mode modify To switch to Receipt mode of voucher 503 press We can pass the manufacturing entry 504 through stock journal 501 505 F12 key is used for

Alt + F1 configuration window F4 True Company Deletion

ONLINE_EXAMINATION_QUESTION Alt + F2 Alt + F3 feature window F5 False Company creation b) GOT > Display > Cost center report Alt + F2 F11 F4 Alt + C payment Voucher 9 Tally Audit F9 Purchase no Tally Solutions pvt.ltd False Stock available in Godown Splitting of items Page 27 Rate declared during Opening Stock Splitting of accounting periods Dgtek pvt.ltd Company Configuaration c) GOT > reports > Cost center > Cost center report Alt + F3 Alt + F11 F5 Both A & B voucher type F6

Alt + F4 none of these F7 None of these

c a c a

Company Features

None of these

506

We can see cost center wise report

a) GOT > Display > Statement of accounts > Cost center Alt + F1 F12 F6 Ctrl + N Contra voucher 7 Alter Company F1 Sales yes Debcom pvt.ltd True Quantities of stock items Splitting of ledgers

To invoke Company Info from Gateway of Tally use Configuration menu invoked by 508 pressing The shortcut key used for Bank 509 Reconciliation. To Invoke a Calculator on the Voucher 510 Entry Screen 507 511 512 Memo Voucher is a

A and B Ctrl + F12 F2 Ctrl + M

A and C None of these

c a c c

Non-accounting voucher All of the above 8 Tally Vault F5 Transfer of Materials 10

None of the above

c b c d c a

How many types of Costing Method are found in Tally ? Which one of the stated options can 513 hide name of the Company? To change Current Date from Gateway 514 of Tally press the key 515 516 517 518 519 520 Stock Journal is generally used in Can we view Godown wise report through stock summary ? who is the manufacturer of Tally Tally supports online Group creation during creation of Ledger. Price List is based on Split Company means

Security Control None of these F2 Voucher Class

IBM

None of the above

b a

None of these None of these

a c

Why separate discount column is used 521 ? The Option where the Administrator can set up User and Password is known as

ONLINE_EXAMINATION_QUESTION TRADE DISCOUNT TRADE DISCOUNT TRADE DISCOUNT IN IN SALES IN PURCHASE BOTH THE VOUCHERS VOUCHER VOUCHER Tally Vault yes Voucher Types Alt + F11 True Alt + F1 a) Payment Cash Discount True True Change Current date Yes Two stock journal True New Ref Security Control no Voucher Class Alt + F12 False Alt + F2 b) Journal Trade Discount False FALSE Change Reporting period No Four a new voucher type based on stock journal False Advance Agst Ref Three physical stock Change Accounting period F3 Contra Special Discount Price List Ctrl + F11 Tally Audit

none of these

522

Proxy Configuration

b a

523 Can we use expired batches for sale ? 524 To set predefined billing terms we need

None of these Ctrl + F12

b b b

525 To define a Criteria on a Report press 526 527 528 529 530 531 532 533 534 535 536 537 We can pass Contra entry through F6 without any changes in Configration (F12) To change the voucher date press Cash deposit into bank the entry can be passed through The Discount column in Price List implies A Budget can be set with a Ledger. manufacturing of item is not possible in Tally While pressing Alt + F2 in the Gateway of Tally it will We can maintain more than one unit of measurement How many types of budgets are available ? Manufacturing can be done through A Budget cannot be set with a Group. To adjust a previous reference we select What is the path to check the Vat report The shortcut key used for Online Modification

F1 d) Receipt None of these

None of these

e c b a b

None of these

c a

One both a & b all of these

a d b

On Account d) All of the above Ctrl + Q

None of the above

538

a) b) GOT>Display> VAT GOT>Display>Statu c) GOT > Display > VAT Report > VAT ory Report> VAT Computation Report Allocation Report Report Ctrl + Enter Shift + Enter Page 28 Ctrl + A

539

ONLINE_EXAMINATION_QUESTION How we can see income and expenses 540 statement instead of profit or loss account During Voucher entry Date field can be skipped by manipulating If you press Alt + C key in the amount 542 portion of any voucher then what will happen ? 541 543 544 545 546 547 548 To enter Voucher choose Can we modify the predefined Voucher Types ? Can we maintain different tax rate for different item ? Income and expenditure statement is available in tally Shortcut key used to add a voucher Is it possible to alter a Voucher Entry in the Display Daybooks Mode? If the Financial Year from is 1st April 2005 and the Books beginning from is 1st January 2006 then what will be the Closing Date ? "To show the ledger current balance "" Show ledger current balance"" option active from" To make an Optional entry Option available to track unauthorised changesin data Data path can be changed later a) F11 > Profit or loss both as liabilities Company Configuration Auto Generated Amount Company Info >Voucher Entries yes True yes Alt + A YES b) F12 > Profit or loss both as liabilities Company Features window c) Not possible

d) F11>Income Expense Stmt instead of P & L? None of these None of these

Gateway of Tally > Hide Date

a b

Auto Value calculator Online Currency Creation Gateway of Tally > Accounting Vouchers no False no Alt + S NO Alt + W Gateway of Tally > Voucher Entry

None of these

b a a a

Alt + C

a a

549

31st Dec 2006

31st March 2006

31st December 2005

None of these

550 551 552 553

a) F12 CTRL + T Security Control True CTRL + T a) Balance sheet > Alt+ C Yes a) F11 > Set modify other company features

b) F11 CTRL+ D Tally Vault False CTRL+ R b) Profit & Loss > Ctrl +C No b) F12 > Set modify other company features Page 29

c) Ctrl + F12 CTRL+ L Tally Audit

d) Ctrl + F11 ALT + L E_capabilities None of the above

a c c a

554 The shortcut to repeat anything in tally 555 556 557 To see the scenario report We can maintain alternate Unit of Measurement How we can maintain pre defined cost center

ALT + R c) Dislpy > Scenario report

ALT + L d) Disply > scenario report > Alt+C

b a a

c) F11 > Maintain cost center

d) a and c

1 2 3 4

What is the key combination for payroll voucher Can we enter more then one interest rate for one general ledger Is it possible to split balance sheet hulf yearly Tally allow us to create a duplicate voucher Is it possible to view cost centre report with group wise break-up To hide the name of company you are to defined When payment is received or made against any existing billwe select Transfer of materials from one godown to another godownuse It is nesessary to define alias for ledger Tally dose not allow to print day book Which of the followings we can export from one company to another company In tally we can restrict deferent user to view company balance sheet and p/l What is the use of cost centre in tally Auto value calculator can be activated by pressing We can create a primary group in tally We can not pass any Compound entries in Tally We can switch from Accounting Voucher to Inventory Voucher pressing Tally company store by default in the data folder

CTRL+F4 TRUE TRUE TRUE

ONLINE_EXAMINATION_QUESTION CTRL+4 CTRL+F5 FALSE FALSE FALSE It is posssible but for this report we have to on a option from f12 Tally Audit Against Ref Stock Journal FALSE FALSE Transaction Ledger with balance

ALT+F5

a a a a

It is posssible

It is never possible

Tally only allow to view cost centre report Tally Vault Passward On Account Journal

6 7 8 9 10 11

Security Control New Ref Manufacturing Journal TRUE TRUE Ledger

Create at least one User Advance Both A & B

d b b b b

All of these

12

TRUE To maintain different centre account Ctrl + V TRUE FALSE F2 TRUE

FALSE To allocate cost for different purpose in a single voucher Alt + C FALSE TRUE Alt +F1 FALSE Page 30 Ctrl + F1 F11 To maintain ovrehead cost of production of different item Ctrl + M To maintain cost sheet of compay Ctrl + C

13 14 15 16 17 18

b b a a b a

19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

ONLINE_EXAMINATION_QUESTION Company Restore option is available in Company Features Company Information Configuration We can show Bill wise details of Debtors and Creditors by activating In every time we can get 100% input cerdit on output service tax Gratuity pay head comes under which of the following Use different Actual & Billed Qty is used for Which of the following goods classified under tcs To activate contra voucher press We can~t select cash in Journal Voucher Stock Category is an option to be activated by pressing Godown creation option is available in We can get the report of interest from Unconventional vouchers are Budget means We can show godown report from The adjustment between ouput vat and input vat is We can change company information from We can see list of Memorandam Vouchers from To print a voucher from Tally we need to press In display mode alteration is not possible It is possible to create duplicate voucher in creation mode To see reports of Job Work Analysis To activate TCS go to Bill by bill TRUE Current Assets Cost Center SCRAP Ctrl + F4 True F12 Company Configuration Account Books Accounting Vouchers Estimation Statements of Accounts Vat Payable Company Info > Back up Cash/Bank Books Ctrl + P TRUE TRUE Display-Statement of a/cs Accounting Features Maintain Billwise Details FALSE Current liability Godown Creation TIMBER Alt + F4 False F5 Accounts Info Cash and Fund flow Non-accounting vouchers Forecasting Accounts Book Vat Receivable Company Info > Alter Exception Reports Shift + P FALSE FALSE Display-Statement of Display-Statement of a/csa/cs-Job Work Cost Center-Job work Analysis Inventory Features Page 31 Statutory & Taxation ALT + F11 Company Information Inventory Books Both A & B Assumption Inventory Book Both A & B Company Info > Split Company Data Accounts Books Alt + P Statutary deduction Cost Category TENDU LEAVES Shift + F4 Maintain References

None of these None of these

b b b

Statutary contribution Free Sample ALL OF THESE None of these

b d d d b

F11 Inventory Info Sttements of Accounts Inventory Vouchers All Of these Statements of Inventory Tax Payable None of these Trail Balance Ctrl + Alt + P None of these None of these

d d d b d d c b b c a b

None of the these None of these

b c

41 42

Rs5000 deposite in to bank this entry will pass through Payroll Autofill is done through

Contra Voucher Ctrl + A Ctrl+N Alt+A Alt+F2 True 27-D Monthly Manager TRUE TRUE True Yes F11 It is used for manufacturing product F11 Payment True Income Duties and Taxes Current Assets Ledgers

ONLINE_EXAMINATION_QUESTION Payment voucher Receipt voucher Alt + A Ctrl+M Alt+C F2 False 27 Quarterly Supervisor FALSE FALSE False No F12 It is used for inter godown stock transfer F12 Receipt False Expenditure Current Liabilities Current Liabilities Cost Category Page 32 Liabilities Current Assets Duties&Taxes Stock Items Ctrl+F12 It is used for stock comsumption entry F11 > F2 Sale 27A Yearly Owner Ctrl + B Ctrl+A Ctrl+A Alt+C

All of these Alt + B Ctrl+B Alt+D Alt+F1

None of these None of these

d b a

43 The shortcut used to activate calculator 44 The shortcut used for online creation

None of these None of these

b d a

45 To see any report in detailed way press 46 47 48 49 50 51 52 53 54 Memorandum Voucher does not effect Books of Accounts Which form has to be submitted for tcs certificate Tcs return will be filled If passward are used to log into the company the right to delete the company is with Service tax can be adjusted with vat It is not possible to delete a unit which is assign with a item We can see Income & Expenditure A/c instead of Profit & Loss Account Can we pass contra entry through receipt and payment entry To show ledger current balances during voucher entrywe have to activate option in What is the use of stck journal

16A Both a & b Administrator

None of these None of these

a b d b a a a

Alt+F12

55 56

All of these All of these All of these

d b d a

From where we can enable bill of material facility? For what kind of voucher we can create 57 pre-define voucher class? We can change the default directory of 58 Tally Suspense Account is group defined 59 under 60 61 62 Vat Receivable ledger is created under Input Credit on Capital Goods ledger falls under Allow components list detail (Bill of Materials) option is activated for

Assets Sales Accounts MiscExp(Asset s) Budgets

c c c c

63 64 65 66 67 68 69

We can filter voucher wise report in daybook What is the path to create price list List of optional voucher we can get from A ledger can~t be deleted if it is carring opening balance It is not necessary to prepare new manufacturing journal to pass mgf Entry Track additional cost of purchase allows to enter To open new column window press

TRUE GOT > F11 Cash Bank Books True True Indirect expenses Ctrl + C Gateway of Tally > Display > Payroll Report > Gratuity

ONLINE_EXAMINATION_QUESTION FALSE GOT > Accounts Info > Price List Exceptional Reports False False Direct expenses Alt + C Gateway of Tally > Display > Gratuity Report False Display-Account Books Capital Indirect exp FALSE Profit & Loss Account Configuration (F12) Maximum Retail Price F11 > F1 F11 > F1 FALSE False Page 33 Cash / Bank Accounts None of these Marginal Price F11 > F2 Got > display > statements of accounts > interest calculation Minimum Retail Price F11 > F3 Got > account None of these None of these Display-Exception Reports Current Assets Expence(indirect) Display-Trial Balance Current Liabilities B&c Both Ctrl + Alt + C Gateway of Tally > Display > Statement of Accounts > Gratuity Reports None of these None of the these None of these GOT > Inventory Info > Price List Accounts Books B&C Balance Sheet

a c b b a c b

70

To see Gratuity Reports

It is necessary to give addresses during True Ledger Creation To see the report of list of voucherswe 72 Display-Day Book have to go 71 73 74 75 76 77 78 79 80 81 82 Drawings ledger falls under Carriage outward ledger comes under Export duty can be adjusted against output vat Incom Tax Number printed in To get cost center details in voucher entry press What is MRP? Multiple godowns are activated from From where we can enable interest calculation feature in tally? Receipt voucher and receipt note both are similer in tally It is necessary to activate BOM during the creation of raw materials Indirect expenses Direct expence TRUE Balance Sheet Features (F11) Market Price F11 GOT > Display >Interest Calculation TRUE True

b a b d b d b b c b b b

83

What is TAN?

Tax Account Number

ONLINE_EXAMINATION_QUESTION Tax Assessment Tax Assignment Number Number Gateway of Tally > Display > Statement of Payroll Cost centre 4

None of these Gateway of Tally > Display > Payroll Reports All of these 3

84

To get Payroll Reports choose

Gateway of Tally > Gateway of Tally > Display > Statement of Display Accounts Ledger 1 True 3 digits Shortname Alt + Enter Challan not prepared Input Tax Group 2 False 4 digits Nickname Shift + Enter Order not made Output tax

None of these

85 86 87 88 89

We can set budgets for which of the followings No of Predefined Ledgers in Tally is _____ Reversing Journal needs an applicable date Data Folder of a Company consists of

None of these None of these

d b a

6 digits Codename Ctrl + Enter Both A & B Service Tax

5 digits All of these Tab + Enter Sales Bill Pending Tax Deducted at Source None of these

None of these None of these None of these None of these None of these

d d c d a

Alias means To alter a master while making an entry 90 or viewing a report Goods Delivered but Bills not Made 91 means The tax(vat) paid at the time of 92 purchase 93 What is the utility of Tally Vault Password? There is no difference between Shut Company & Delete Company BOM represents

It will not show the Company Name in It will lock the period of It will lock all voucher the Company Select Company enties for that Company List True Billing of Machines Journal Alt+F2 TRUE Yes Bill value Capital a/c Purchase return False Bill of Materials Payment Alt+F3 FALSE No Voucher rate Reserve & surplus Discount allowed by creditor Page 34 Tax amount Reserve a/c Decrease Purchse Rate Bill of Maintenance Receipt F2

94 95 96

b None of these Contra F1 b d a b a On which value vat will be calculated Current liability All of these d b d

Transfer from Main Cash to Petty Cash passed through 97 To change the period press 0% vat and exampt vat these two are 98 same 99 100 101 102 Can we change Tally Vault Password? What is assesseble value Capital reserve ledger comes under Debit note is used for

103 104

Vat and cst could not be charged in a same voucher To change from invoice mode to voucher modethe shortcut is _____

TRUE Ctrl+N

ONLINE_EXAMINATION_QUESTION FALSE Ctrl+M For this type of entry we have to alter tally feature Ctrl+A For this type of entry we have to alter tally configuaration There will be no adjustment between inputvat & output vat Electric Tax Collected at Source Ctrl + F4 Ctrl+V It is possible in tally in simple voucher entry Output vat comes under current liability None of these Ctrl + F6 None of these None of these

a d

105

It is not possible to How can we maintain free gift entry in maintain this type of purchase invoice entry in tally

106

Inputvat comes under Which of the following statement is not Input vat comes debit column of duties correct under current asset & taxes ETCS means Enable Tax Collected at Source Ctrl + F9 True Gateway of Tally > Accounts Info > Voucher Types > Create TRUE Alt + R Yes GOT > Display > Budget Report TRUE Alt + Shift + R Tally Software Pvt Ltd Tally Audit PERSONAL A/C Current Liabilities Electronic Tax Collected at Source Ctrl + F5 False Gateway of Tally > Inventory Info > Voucher Types > Create FALSE Alt + S No Got > display > trial balance > budget variance FALSE Shift + R Tally Infotech Pvt Ltd Statistics REAL A/C Sales Accounts Page 35

107 108

b c b

To go to Payroll Voucher press It is not possible to give description for 109 stock items 110 How can we create voucher Class?

Both

None of these

It is possible to maintain same stock in different unit of measurement unit To remove a line at all reports screen 112 shortcut is We can maintain vat and wbst within a 113 same bill 111 114 How can we see the budget report We can not copy any narration from another voucher We can repeat narration by pressing Tally Software developed by Total number of Ledgers Groups Entries etc can be shown from Bank a/c comes under Output Vat is created under

a Alt + 1 Alt + T None of these a b Got > display > accounts books > budget

Got > accounts book

None of these

115 116 117 118 119 120

b Alt + R Tally Pvt Ltd Accounts Information NOMINAL A/C Purchase Accounts Ctrl + R Tally Solutions Pvt Ltd Company Information B&C Duties and Taxes None of these None of these None of these None of these None of these d d b b d

121 122 123 124 125

In service tax Credit Adjustment(%) should be either Surcharge is always calculated on The shortcut key used to quit the screen without questioning We can activate Journal Voucher pressing To use Dr/Cr instead of To/By during Voucher entry or vice versa Press To see Vat and Cst reports Re-Order Level option is available in Scenario can be created from What is the use of stck journal ? If input vat is more than output vatthen adjustment will be through While creation of Input vat and Output vat Type of Duty/Vat should be

20% Tax Ctrl+A Alt + F7 F10

ONLINE_EXAMINATION_QUESTION 100% Both A & B Total sales Esc F7 F12 Display-Statutory Reports Inventory Info Inventory Info It is used for inter godown stock transfer Vat Receivable Others Stock Category FALSE FALSE FALSE F5 12 Purchase voucher FALSE F6 Book of Material Page 36 F7 Bill of Materials F8 11 Journal Additional Duty Alt+C F8 F11

30% None of these Ctrl+Q Alt + F8 None of these DisplayException Reports None of these None of these All of these Vat Payable Surcharge None of these

None of these

c a d b b

126 127 128 129 130 131

Display-Day Book Accounts Info Accounts Info It is used for manufacturing product Tax Payable Cst Stock Groups TRUE TRUE TRUE F7 10 Payment voucher TRUE F5 Base Of Material

Display-Account Books Both A & B Both A & B It is used for stock comsumption entry All Of these Vat Stock Item

b b a d b c c b a a

132 Maintain Batch Details is activated for 133 134 135 136 137 138 We cann~t pass a purchase/sale bill without order and challan Government could be the deducter type for tds Is it possible to view double column cash book in tally? To get the Contra Mode shortcut is Vat Tin consists of ____ digits Purchase furniture rs30000 by cash- to pass this entry use

F4 9 All of these

d c d a

139 Vat should be adjusted in every month 140 141 To reconcill bank book which key we have to press The full form of BOM is

F8 Bills Of Materials

a c

142 143 144 145 146 147 148 149 150 151 152

Reversing journal is a By default Tally data is stored into Which of the following is non accounting voucher Tcs will be collected by seller We can not export ledgers of one company to another company In Company Features how many features are available? To create a Group Company at least ______ companies are needed F12 is known as Input Vat Ledger is created under which account? Output Vat Ledger should be defined under To enable vat computation is it nacessary to select vat/tax class

Conventional Voucher Data Directory PAYMENT TRUE True 5 1 Company Features Duties & Taxes Current Liabilites TRUE

ONLINE_EXAMINATION_QUESTION Unconventional Both (a) and (b) Voucher Program Files Root Directory MEMORANDUM FALSE False 3 3 Company Configuration Sales Current Assets FALSE Display > TDS Outstanding > TDS Computation CTRL + F11 First we have to on an option from configuration 4 2 Accounting Features Sales Return Direct Expenses OPTIONAL

None of these None of these B&C

b a d a b

2 4 None of these None of these Duties & Taxes None of these

c c b a d a

153

To view the TDS report go to

Display > Statements of Accounts Book > TDS Accounts > TDS Outstanding > TDS Outstanding > TDS Computation Computation F11 F 12

None of these

154

To show the cheque number while reconciling Bank Accounts press Is it possible to pass a cash bank entry through journal voucher

CTRL + F12 First we have to on an option from feature DisplayAccount Books MiscExp(Asset s) F11 > F1 At the time of ledger creation Loan Liability

None of these

155

Not possible

It is possible

156 157 158 159 160

To see Ratio Analysis reportwe select Input Credit on Capital Goods Ledger will Fall Under From where we can enable discount column in voucher? Where we can set the tds deductor details in tally? Bank OD A/c is defined under

GOT-Display-Ratio Analysis Current Assets F11 In F11 statutory feature Bank Account

Display-Day Book Current Liabilities F 12 In company creation screen Secured Loan Page 37

Display-Trial Balance Duties&Taxes F11 > F2 At the time of tds entry Unsecured Loan

a c c a d

161 162 163

What is the full form of TCS Which percentage does not comes under wb vat How can we display payslip Cash bank trasaction is possible through which of the folowing voucher How many days salary is eligible for gratuity calculation To create Scenario which option to be activated Without godown creation we cann~t create item The shortcut key used for Print is Without mentioning units can we give quantity and rate of a particular stock item? We can create multiple users in Tally activating What is tracking no: Voucher Class for Interest calculation created based on To shut a company press Branch / Division is a group defined under The tax(vat) paid at the time of sales Deferred Revenue Expenditure falls under Manufacturing voucher create under

Tax Collected by ONLINE_EXAMINATION_QUESTION Tax Consumption at Tax Collected at Source Staff Source 4% 0% 1% Got > display >payroll report > statements of payroll > payslip CONTRA 10

Tax Collected from Sales None of these Got >display >payslip ALL OF THESE 20 Use Rev journal & Optional voucher in F11

c d c

Got>display> Got>display>payroll statement of payroll > report >payslip payslip PAYMENT 15 RECEIPT 30

164 165

d a

166

Use Rev journal & Use Optional voucher Use Reversing voucher in Optional voucher in in F11 F11 F12 TRUE Alt+E Yes Tally Audit Purchase challan no: Journal Voucher F1 Liabilities Input Tax Current Assets Stock Journal Bank Account 2 FALSE Alt+P No Use Security Control Sale challan no: Debit And Credit Note SHIFT + F1 Assets Output tax MiscExpenses(Asset) Stock voucher Secured Loan 3 Both (a) and (b) Both Receipt and Payment Voucher Ctrl + F1 Income Service Tax Both A & B Manufacturing voucher Unsecured Loan 5 Alt+A

167 168 169 170 171 172 173 174 175 176 177

b Alt+I None of these b b None of these Invoice Both (a) and (b) ALT + F1 Expenditure Tax Deducted at Source Indirect Expenses A&b Loan Liability Unlimited None of these None of these None of these b c b d a b c a d a

178 Bank OCC a/c is a group defined under 179 How many type of Measurement Unit can we create in Tally?

Page 38

ONLINE_EXAMINATION_QUESTION 180 How can we see Vat Reports? Gateway of Tally > Gateway of Tally > Vat Display Reports Gateway of Tally > Display > Statutory Info

Gateway of Tally > Display> Statutory Reports

If we purchase from an unregister 181 dealer then the tax amount will be paid by me Return to creditor 2 pcs ram for 182 replacement after bill preparation- pass the entry in 183 184 185 186 1 What is the path for jobcosting report To decleare a voucher as Post Dated press Shortcut key used for Export is If we purchase any Fixed asset in creditwe use Reciept Note Voucher is an example of How we can see income and expenses statement instead of profit or loss account Costing method in Tally for item is not possible To show VAT classification report we use Tally by default create s Tally has extensive internet capabilities """Proprietor goods taken over for personal use "" It should be passed through " "Is it mendatory to select the same categories with the both ledger "" Service Tax and Expences""" To link reciept note with suppliers Invoice we use

TRUE

FALSE

Dedit note Got>display > statements of a/c >jobwork analysis Ctrl + T Alt+E Payment mode Inventory ledger a) F11 > Profit or loss both as liabilities True F12 at VAT Computation report 2 levels of security TRUE a) Payment

Credit note Got > display > jobwork analysis Alt + T Alt+C Receipt mode Accounts ledger

Rejection out Got > accounts book > job costing Ctrl + P Alt+B Journal mode Accounts Voucher

Rejection in

None of these Ctrl + D Alt+D Purchase mode Inventory Voucher d) F11>Income Expense Stmt instead of P & L? All of the above

a a a c d

b) F12 > Profit or loss both as liabilities

c) Not possible

3 4 5 6 7

FALSE F9 at VAT computation report 3 levels of security FALSE b) journal F5 at VAT computation report 4 levels of security c) receipts F7at VAT computation report 7 levels of security d) None of the above None of the above 6 levels of security -

b a a a b

8 9

a) Yes Delivery Note

b) No Debit Note Page 39 Credit Note Tracking No None of the above

a d

10 11 12 13 14

toggle button between tds ledger And standard journal "The shortcut key ""to Duplicate a voucher"" is" Invoices are classified in An item can have alternative units in TALLY Manufacturing Vouchers can be created in Tally "Why The option "" Behave like groups"" Ask at the time of employee creation"

a) Alt + s a) Alt + 2 2 categories TRUE Stock items a) Only 5 Employees can come under the group a) Form 16 a) No a) Cash bank reports > F5

ONLINE_EXAMINATION_QUESTION b) Alt+ D c) Ctrl+D b) Alt + 3 5 categories FALSE Stock groups b) Minimun 2 and Max 10 employee can come under the group b) Form 16A b) Yes b) Display > MIS report > BRS report c) Alt + V 8 categories Vouchers Types c) Many employees can come under a single group c) Form 14

d) Ctrl+ S d) Alt + D 6 categories ledger None of the above All of the above

a a a a c

15

d) b and c

16 "What is the No. of ""VAT return form""" 17 18 19 Is it mendatory to create the pay structure for each and every employee BRS report we can see through

d) Form 60

c a

c) Display > Bank report > d) Cash report F5 > BRS report Double Entry mode c) Ctrl + F11 All of them are true Closing Date of the Financial Year Name of the Proprietor Alt + F3 Ctrl + Delete Gateway of Tally > Ledgers > Alter Payment mode d) Ctrl + F12 None of these Both A & C

a e b a

Reciept PaymentVouchers can be Single Entry mode Contra mode passed in To see the opening balance in trial 20 balance you have to activate the option a) F11 b) F12 from In general the Financial year from shall 21 1st April of any year 31st March of any year be from the date from which the date from which Financial Year 22 Books beginning from means Company starts to starts for the maintain its Accounts Company Within Company alteration window we 23 an Administrator a User can define To invoke Company Info from Gateway 24 Alt + F1 Alt + F2 of Tally use 25 26 The shortcut to Delete a Company is A ledger account can be altered through Alt + Delete Gateway of Tally > Accounts Info > Ledgers > Alter Shift + Delete Gateway of Tally > Ledgers > Single Ledger > Alter Page 40

None of these

All of these A and B Alt + D None of these

None of these A and C Alt + X

a c d a

27 28 29 30

What is the difference between Indirect Expenses and Expenses (Indirect) groups? For on line modification we have to press Directory where TallyProgram Files will be Loaded is Bill reference can be of

They are two ONLINE_EXAMINATION_QUESTION Indirect Expenses is Expenses (Indirect) is an separate primary an alias of Expenses alias of Indirect Expenses groups (Indirect) group group a) Ctrl + Enter Tally Directory 4 types Accounts will be maintained whenever stock being purchased F12 Bank Accounts group Current Liability Current Liabilities F9 b) Alt + Enter Application Directory 5 types Accounts will be maintained whenever stock being sold F11 Bank Overdraft group Current Assets Current Assets F8 Show Ledger Current Balances from F12 Payment mode b) Code number b) False c) Alt + D Data Directory 9types Accounts will be maintained whenever stock will be transferred through godowns Alt + F11 Both Fixed Assets Loans and Advances Alt + V Display Current Balance from F11 Receipt mode c) Extra information

A and B d) Not possible All of these 7types

B and C

c a

None of These All of the above

b a

31

Accounts with Inventory means

A and B

A and C

32 33 34 35 36 37 38

Company Feature invoked by pressing Bank OCC Accounts is the alias of The account subgroup Deposits is under Prereceived Commission ledger falls under To convert a Sales entry from Voucher mode to Invoice mode use

Ctrl + F12 None of these Reserve and Surplus Loan (Liability) Ctrl + V None of these None of these d) a and b

None of these

b b b

None of these None of these

a d b c d b a

To view current balance of ledger Show Ledger during voucher entry turn on the option Balances from F11 Contra mode a) Short name a) True

Started Business with cash Rs 100000. We will pass this entry using 39 We can maintain an alias 40 UDF is possible in Tally 41 How to create unit in payroll

a) GOT > Inventory b) GOT > Payroll info info > Units of > Units > create measure > create 2 Ways a) Form 16 TRUE True 3 ways b) Form 16A FALSE FALSE 5 ways c) Form 14

d) None of these 4 ways d) Form 60 Cannot be calculated

42 43

Calculation of Input Vat Is of

d b a a

Which Form is use for TDS Challan date field in voucher creation mode can 44 be skipped Stock categories can be maintained in 45 Tally

Page 41

46

To see profit or loss both as liabilities we have to select Which option is use for goods delevery entry Remarks for items in Tally can begiven "Is it required to create the ledger named "" VAT refundable""" The option calculator will come through The Mailing name shall be To create Cost Category the option is set to be - Yes - in Is there any difference between Reversing Journal and Memorandam Voucher ? Switching between Invoice and Voucher mode during Sale / Purchase To switch from one accounting report to another accounting report we use Can we view CST paid amount at the time of purchase in Vat Report ? To maintain stock categories one should mark Choose the correct shortcut key to export. Memorandum Voucher is a Nonaccounting Voucher Can we use Reference Number in Stock Journal ? The name of the Company is hidden inside when we use ________? The shortcut of changing period is invoked by pressing To make an Optional entry

47 48 49 50 51 52 53

a) F11 > Profit or ONLINE_EXAMINATION_QUESTION b) F12 > Profit or loss loss both as c) Not possible both as liabilities liabilities c) F12 > Use tracking a) F11 > use b) F12 > use tracking number and use rejection tracking number number notes TRUE a) Yes a) Ctrl + N The Name of the Company Configuration window True FALSE b) No b) Ctrl + C The Name of the Proprietor Feature window False c) Yes depends on situation c) Alt + C Both None of these d) All of the above d) a and c None of these e) None of this -

a a c d a b a

54

Alt + D

Ctrl + B

Ctrl + V

None of these

55 56 57 58 59 60 61 62 63

F1 yes Activate interest calculation Alt + X True yes Tally vault password F2 CTRL + T

F10 no Invoice for capital Goods Alt + E False No Security control password ALT + F2 CTRL+ D Page 42

F9

none of these

b b

More than one cost categories Alt + P

Maintain Stock All of the above categories Alt + T

d b a a

User password CTRL + F2 CTRL+ L

all of these F1 ALT + L

none of these

a b c

64 65 66 67 68 69

To mention the narration against each ledger we have to The default godown of tally is Can we view Godown wise report through stock summary ? who is the manufacturer of Tally

use common narration location yes Debcom pvt.ltd

ONLINE_EXAMINATION_QUESTION narrations for each narrations for each ledger entry main location no Tally Solutions pvt.ltd b) Duty and taxes NO b) GOT > Display > Stock Summary b) No c) GOT> Payroll info> Employee Alternative currency 6 ways c) GOT > Inventory Books > Stock Summary Dgtek pvt.ltd c) Loan liabilities godown

common narration for each ledger none of these

b b a

IBM d) All of the above

None of the above

b a a

The ledger salary payable falls under a) Current liabilities the group In tally We can create a new Company on any other Directory rather than data YES Directory Where you will find the stock summary Is it possible to pass purchase order entry without any value How to create Employee Group in Tally Tally maintain our accounts according to the currency given in Market valuation Tally can be in Expiry dates for an item like Medicine can be given in Tally Is it possible to create pre defined cost center for entry "To show the ledger current balance "" Show ledger current balance"" option active from" The Payroll configuration can be activate from Novel way of automating accounting allocationsduring invoice entry is Accounts & inventory cannot be maintained together in Tally Credit for the Tax paid on Inputs is a) GOT> Stock Summary a) Yes

70 71 72 73 74 75 76 77 78 79 80 81

d) b and c

a a

a) GOT> Payroll b) GOT> Payroll info> voucher> Employee Employees Multicurrency 2 Ways True a) Yes a) F12 a) F11 Price List TRUE TDS invoice Symbol in base currency 3 ways FALSE b) No b) F11 b) F10 Price Level FALSE VAT invoice

d) None of these None of the above 4 ways -

b b None of these d a a

c) Ctrl + F12 c) Alt + F12 Voucher Class

d) Ctrl + F11 d) none of these Contra vouchers None of the above

a a c b

Invoice for Capital Goods Input Tax credit All of the above

Page 43

82

What is the path to check the Vat report In a Company we may maintain If a company is actually established on 1st September 2002 the Financial Year from will be Which one of the stated options can hide name of the Company? We cannot Maintain Cost Centre in Tally F11 refers to sales order At the time of company creation if Accounts Only option has been selected then Administrator of a Company can be assigned through Cash deposit into bank the entry can be passed through

83 84 85 86 87 88 89 90

a) ONLINE_EXAMINATION_QUESTION b) GOT>Display> VAT GOT>Display>Statu c) GOT > Display > VAT Report > VAT ory Report> VAT Computation Report Allocation Report Report Accounts with Accounts only Both of these Inventory 1st September 2002 Alter Company TRUE TRUE we cannot pass purchase / sales transaction Tally Audit a) Payment 1st October 2002 Tally Audit FALSE FALSE we cannot maintain inventory Security Control b) Journal we cannot maintain party Tally Vault Contra 1st April 2002 Tally Vault

d) All of the above Either of these 1st April 2003 None of these None of these

c c c b b

Security Control None of these

A and B Company Alteration d) Receipt

A and C None of these

b d c

91

How to display item wise stock report

a) GOT> Stock Summary

b) GOT > Display > Inventory books > Stock Item

d) GOT > c) GOT > Display > Display > Statement of inventory> Inventory books Godowns > Group Summary c) Alt + S c) Not possible d) Either (a) or (b) All of these 3 types Std.Cost None of these 4 types All of the above d) Not possible

92 93

For auto calculation of TDS amount we have to press To see vertical balance sheet we have to select For Cheque printing press F11 to activate Allows administrator to track changes in accounting information Budgets can be of Inventory valuation in tally may be Is it possible to copy the entry into Tally Can we delete a company using ?

a) Alt + C a) F11 > Show vertical balance sheet a) Set modify other company features Security Option 2 types average a) Yes Alt + D

b) Ctrl + N b) F12 > Show vertical balance sheet b) Enable Cheque Printing Tally A udit 5 types FIFO b) No Ctrl + D Page 44

c b

94 95 96 97 98 99

c) Both (a) and (b) Audit trial 7 types LIFO

c b a e a

Del

both a & b

100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116

Is it possible to delete the profit & loss account ledger ? To delete the Master which key you will use ? Purchase / Sales order is affected in your Financial Account To define Credit limit for debtors & creditors switch on the option from ___? Receipt note is used in case of Use defaults for bill allocation this option is available by pressing which key ? To switch from Profit & Loss a / c to Balance Sheet we will use Is it possible to perform manufacturing without formula ? You do not allocate transactions to cost categories you allocate them to cost centres only We can maintain different and actual billed quantity through Is it possible to see vertical balance sheet To see the scenario report Unit for an item can be To give notes for a particular ledger account one should mark CST in purchase is deducted from How many months are by default provided by Tally for a Financial Year ?

yes Shift+d Yes F11 After purchase F12 F10 yes True a) F11 a) True a) Balance sheet > Alt+ C Simple only Allow Advance entries in master in F12 Sale amount 12 255 items TRUE

ONLINE_EXAMINATION_QUESTION no Alt+D No F12 Before sales F11 alt + 10 no False b) F12 b) False b) Profit & Loss > Ctrl +C d) Disply > scenario report > Alt+C None of the Compound Only Both Simple & compound All of the above above Allow Contact Details Add Notes for Allow Notes for Ledger None of the for ledger account in Ledger Account Account in F12 above F12 in F12 All of the Purchase amount None of the above above c) Dislpy > Scenario report 24 125 items FALSE 6 46 items Unlimited 550 items 270 items c) None of the above d) All of the above Company Info Before purchase return F10 F11 none of these Sales return F3 Ctrl + F12 Before purchase Esc Alt+c

b b b a e a a a a a a a c d c a d a

Vat is imposed on Monthwise display of balancesheet can 117 be displayed in Tally

Page 45

118 119 120 121

Is it mendatory to select the type of organization at the time of service tax configuration Cost center option will come through Incase of loan taken from party the required ledger will be Is it possible to see profit or loss both as liability Salary paid to employees without any value this entry passed through

a) Yes a) F11 a) Loan from party Party Cash a) True

ONLINE_EXAMINATION_QUESTION b) No b) F12 b) Loan from party Party b) False b) Payment after activate the option from F11 b) GOT > Display > Payslip FALSE FALSE 26 On which TDS is charged Ctrl+P FALSE FALSE Contra voucher FALSE b) No List of Vouchers no CST at the time of sales for trading goods Input vat on purchase of capital goods All of the above List of all Masters None of these Reciept voucher Voucher Class None of the above 45 On which Sales tax is calculated Shift+Alt+C 89 None of the above Alt+F9 30 All of the above F9 d) Received after active the option from F11 c) F4 c) Loan from party cash d) F5 d) None of the above

a a c a

122

a) Payment

c) Not possible

123

How to display the payslip report Display of Sundry debtors without ledger breakup cannot be possible in Tally We can give partno(Design no catalogue No ) for stock item Number of items exempted from VAT An assessable value is shortcut for purchase bill is manufacturing of item is not possible in Tally Cash ledger can be allowed in journal mode Cash to Bank transaction in Tally can be passed through Example of an Accounting Voucher is Memo Voucher Is it mendatory to select the service tax categories at the time of service tax ledger creation Day Book is used to see the Can we define Credit limit for debtors & creditors ? Vat report consists of

a) GOT > Display > Day Book True True 46 on which Vat is to be calculated Alt + P True true Payment Voucher TRUE a) Yes List of Inventory yes

c) GOT > Display > d) Either (a) or Payroll Reports > Payslip (b)

124 125 126 127 128 129 130 131 132 133 134 135 136

b a a a e b a b a a b a e

Input Vat on trading Output Vat on trading goods goods Page 46

To skip the date field in accounting 137 voucher create mode one should mark 138 A VAT TIN number has

Invoice for capital Goods 11 digit numerals

ONLINE_EXAMINATION_QUESTION Allow Advance entries Click On gateway of Tally in master in F12 12 digit numerals 13 digit numerals c) Allow ADVANCED entries in master from Accounts Master c) 2

F11-Skip date field in create mode(faster entry)

F12-Skip date field in create mode(faster entry)

9 digit numerals 6 digit numerals d) None of these d) 4 None of the above

"To display the ""inventory values are b) Allow ADVANCED a) Use ADDRESS 139 affected"" at the time of ledger creation entries in master from for ledger accounts "" press F12"" to active " Inventory master 140 How many parts in Employee masters 141 142 143 144 145 Memo Voucher is a input cr on capital goods falls under Revenue item is related with Multiaccounting printing is possible in tally Payment & Reciept Voucher can be passed as contra We can see cost center wise report Company features are applicable with the current company only BOM refers to Online creation of Ledger can be possible by Sales Order Report is accessed by Under which directory data of a company is normally stored ? How we can pass entry without any value a) 1 Contra voucher a) Current liabilities a) Purchase TRUE True a) GOT > Display > Statement of accounts > Cost center True Bill of materials Ctrl+C Alt + P DATA Directory a) F11 > allow 0 valued entries in vouchers a) Ctrl + R a) True b) 3 payment Voucher b) Duties and taxes b) Sale FALSE FALSE b) GOT > Display > Cost center report FALSE Bill of manufacturing Alt+C Shift+S Root Directory c) Is not possible b) Alt + L b) False Page 47

b c b c a a

Non-accounting voucher All of the above c) Loan liabilities c) Purchase & Sale d) All of the above d) None of the above -

146

c) GOT > reports > Cost center > Cost center report

147 148 149 150 151 152 153

a Budget of Manufacturing Shift+Alt+C Alt+F7 Bin Directory Bill of Memo Alt+O Ctrl+Shift+N Company Directory None of the above All of the above Ctrl+F7 None of these a b c a a c) Alt + R d) Either (a) or (b) c b

"The shortcut key ""to remove a line in a report"" is" Document re-numbering is possible in 154 Tally

155 156

Special journal that automatically reversed after date of journal Option available to track unauthorised changesin data

Scenario management Security Control Alt + P Inventory only a) Journal a)Alt + E Reversing Journal Relative a) ctrl + F7 a) GOT > Import data Tally Vault Alt + P a) Ctrl + F7 a) Show opening balance a) voucher type

ONLINE_EXAMINATION_QUESTION Budget Reversed Journal Tally Vault Ctrl+P Accounts only b) Stock Journal b)Ctrl + I Optional Vouchers Absolute b) Alt + F4 b) GOT > Import Masters Tally Audit Ctrl+P b) Alt + F7 b) Show accomulated balance b) Voucher class b) GOT > Display > VAT computation Reciept mode FALSE FALSE Page 48 Tally Audit Alt+F1 Inventory with account c) a and b c)Alt + I Memorandum Vouchers Compound c) ctrl + v c) GOT > Entry transaction Restore Ctrl+N c) Either (a) or(b) c) Only opening balance c) Either a or b c) GOT > Day Book Contra mode

Reversing journal E_capabilities F1 All of the above d) Physical stock adjustment d) None of these Scenario management mixed d) Alt + O d) Not possible Backup Ctrl+Shift+N d) none of These d) Opening balance only d) a and b both d) GOT > vat reports > vat compution Purchase

VAT adjustment journal None of the above None of the above Both B & C

d c c e c c

157 Short cut to shut a company ion tally is 158 159 160 In Tally we can maintain Loss of stock the entry should be passed through

The shortcut key of changing Accounts Invoice to Item Invoice is A management tool that enables 161 different views of our information 162 Relation between 2 simple units is

None of the above All of the above

d c a b

163 which button is used for payroll auto fill What is the procedure to import transaction from one to another company Keeping a copy of data in other media 165 is termed as 164 166 167 168 169 170 171 172 173 Calculator in tally is invoked by For Payroll Auto Fill You can Press To see the opening balance in trial balance you have to activate the option For manufacturing we have to create VAT computation report can be view through Depositing cash to SBI should be passed through We can maintain Both Cost centre & Cost categories in Tally 49 items are exempted from VAT

All of the above All of the above

d c a

e) Not possible

a a b

a) GOT > Display > Statutory report > VAT reports Payment mode True TRUE

Sales

c a b

174

175

176 177 178 179 180 181

Income Tax number of the Company will appear in which report? If the Financial Year from is 1st April 2005 and the Books beginning from is 1st January 2006 then what will be the Closing Date ? To Shut an opened Company the shortcut is How to switch between opened Companies? To change Current Date from Gateway of Tally press the key Party account can be created through Outstanding Expenses group comes under Tally can warn on negative balance of Cash.

Balance Sheet

ONLINE_EXAMINATION_QUESTION Account Confirmation Profit and Loss Statement 31st March 2006 31st December 2005

Reminder Letter None of these

31st Dec 2006

Alt + F1 Alt + F3 F1 Group creation window Current Assets True Alt + F11 Stock in Hand 4 Manufacturing of stock Stock Journal Make Optional as default Voucher Types Splitting of ledgers True Purchase account True Indirect Expenses

Shift + F1 F1 F9 Ledger creation window Investments False Alt + F12 Closing Stock 3 Any sort of Stock adjustment Sales Prefill with Zero Voucher Class Splitting of items False Sales account False Duties and Taxes Page 49

Ctrl + F1 F3 F5 Inventory creation window Loans (Liability)

None of these F2 F2 Any one of them Current Liabilities None of these Ctrl + F3

a c d b d a

182 To define a Criteria on a Report press 183 184 185 186 187 188 189 190 Which ledger in Tally maintains Inventory? To activate Price List how many options from F11 should be turned on? Stock Journal mode is used for To prepare Manufacturing Voucher you have to depend on Which option is mandatory to make a Manufacturing Journal? To set predefined billing terms we need Split Company means

Ctrl + F11 No ledger is there 1 Bad Debts adjustments Purchase Use as a Manufacturing Journal Price List Splitting of accounting periods

Ctrl + F12

b c

2 None of these Any one of them None of these None of these None of these None of these

d b a c b c b

We can pass Contra entry through F6 without any changes in Configration (F12) 191 Input vat ledger should be under Shut down a company means to delete 192 a company 193 Input Vat ledger falls under

Duties & taxes

Current Assets

c b

Sales

Purchases

Indirect Incomes

194 195

To enter Voucher choose

Company Info >Voucher Entries F4 True

ONLINE_EXAMINATION_QUESTION Gateway of Tally > Gateway of Tally > Accounting Vouchers Voucher Entry F5 False to cancel a Sale / Purchase entry Ctrl + U False Current liabilities Alt + F2 Alt + D Receipt mode Payment mode Voucher Class Misc Exp( Assets) F3 Insert key Contra mode Receipt mode Voucher Number to increase / decrease stock without affecting accounts Ctrl + A F6

None of these F7 None of these

b b a

To switch to Payment mode of voucher press Set / Modify other Company Features 196 option should be turned ON to avail Price List. 197 198 199 200 201 202 203 204 205 Physical Stock option is used To save a Voucher from any position press Audit features are available without enable the Security Control Tax paid on Capital goods ledger should be under the group To change the voucher date press At the time of ledger creation the shortcut to modify online Group / Subgroup is To transfer the amount from Main Cash to Petty Cash you have to use To transfer the amount from one Bank to another mode of voucher will be We can add Prefix and Suffix to

to transfer stock from one godown to another F4 True Fixed assets Alt + F1 Alt + C Payment mode Contra mode Voucher mode

None of these Ctrl + V

c c b

Sundry Debtors F1 Ctrl + Enter None of these None of these Voucher Type None of these None of these

c e d c a c

206

To display Outstanding report for Debtors select

Gateway of Tally > Gateway of Tally > Gateway of Tally > Display > Statements Display > Statements of Display > Exception of Accounts > None of these Accounts > Outstanding > Reports > Debtors Outstanding > Debtors Receivables F11 F10 True Allow 0 valued entries in voucher F8 F12 Alt + F10 False Allow sales order processing F5 Page 50 Both A & B F9 Tracking Number F6 F1 Ctrl + F10 F2 None of these None of these

207 208 209 210 211

To switch between Accounts Voucher to Inventory Voucher press To invoke Memorandum voucher press Simple & Compound Interest are same in Tally To pass Sales order entry turn on the option from F11 To reconcile the voucher press

c c b c

F1

212 Stock Journal voucher can be used for 213 214 Suspense A / c in Tally falls under To display net balances of the account group / subgroup instead of debit and credit balances in separate columns we will activateDuring voucher entry Date can be changed. To switch to Receipt mode of voucher press To convert a Purchase entry from Invoice mode to Voucher mode use Bad Debts are recorded through To create Duplicate voucher press To maintain Godown with Inventory turn on the option Modifications / alterations if any done by the user in the entries of a Company to trace out them you have to use Tally supports online Group creation during creation of Ledger. Find out which is not a Default ledger in Tally. A Primary Group can be defined by the user. Before taking printout print preview can be viewed in Tally. Price List is based on To invoke Reversing Journal press Patent account falls under At the time of ledger creation the shortcut to create online Group / Subgroup is We can give opening balances to the ledger accounts at the time of

Stock tranfer Assets Net Debit / Credit Balances for Reporting True F4 Ctrl + V Contra mode Alt + F2 Maintain Locations in F11

ONLINE_EXAMINATION_QUESTION Manufacturing entry Goods purchased Liabilities Group behaves like a Sub-Ledger False F5 F8 Journal mode Ctrl + F2 Use Godowns in F12 F6 Alt + V Receipt mode Alt + 2 Maintain Multiple Godowns in F11 Incomes Used for Calculation

Both A & B Expenses None of these

Both A & C

d b a

215 216 217 218 219 220

a F7 F9 Payment mode Ctrl + 2 Use Multiple Locations in F12 Any one of them None of these None of these None of these None of these c a b c c

221

Tally Vault

Tally Audit feature

Audit Trail

222 223 224 225 226 227 228 229 230

True Cash in Hand True True Quantities of stock items F10 Investments Insert key Ledger Creation

False Capital Account False False Stock available in Godown Alt + F10 Liabilities Ctrl + C Group Creation Rate declared during Opening Stock Ctrl + F10 Current Assets Alt + C Voucher Entry None of these None of these None of these Ctrl + Enter None of these Profit & Loss None of these

a b a a a a d c a

Page 51

231

232 233 234 235 236 237 238 239

Gateway of Tally > ONLINE_EXAMINATION_QUESTION Gateway of Tally > Inventory Info > Gateway of Tally > How to create godowns? Inventory Info > Stock Stock Items > Inventory Info > Godowns Items > Godowns Location To suppress ledger break-ups for a Net Debit / Credit Group behaves like group within report the option should Balances for Used for calculation. subledger. be activated in group is reporting. During Voucher entry Date field can be Company Company Features Gateway of Tally > Hide skipped by manipulating Configuration window Date Gateway of Tally > Gateway of Tally > Company Info > Ratio To see the Ratio Analysis choose Display > Ratio Ratio Analysis Analysis Full form of BOM is Bills of Month Bill of Material Batch of Material The Discount column in Price List Cash Discount Trade Discount Special Discount implies Group Company option can be worked an opened more than one opened Both for company company We can take Backup of a Company Company Info > Gateway of Tally > Display > Backup through Backup Backup To activate Auto Value Calculator Alt + A Alt + F Alt + C press F10 Ctrl + F10 Alt + F10 Multiple creation Company Info > Company Company Info > Close Company Alt + F11

Gateway of Tally > Inventory Info > Locations None of these None of these None of these None of these None of these None of these None of these None of these F9 Display Any one of them A and B Ctrl + F12 None of these B and C None of these None of these

b a b b b b a c a c b b a b

240 To pass reversing journal entry press

To create ledger in multiple modes Go 241 to -- Gateway of tally -> Accounts info Create Alter > Ledger -> To Select an existing company the Gateway of Tally Company Info >Select 242 way you should follow >Company Company The way to Shut any opened Company Gateway of Tally > Company Info > Shut 243 is Shut Company Configuration menu invoked by 244 F12 F11 pressing Multiple Ledger creation mode does 245 not allow to define Bill details against a True False party account. Maintain Billwise 246 To keep bill details for a party choose Maintain Bill Details Breakups By default Nature of Group for Branch 247 Assets Liabilities / Divisions is To purchase Fixed Assets through Purchase voucher turn on the option Allow Expenses / Fixed Assets in Purchase Vouchers from F11 Allow Expenses / Fixed Assets in Purchase Vouchers from F12 Page 52

Maintain Billwise Details Incomes Allow Expenses / Fixed Assets in Purchase Vouchers from F11 / F12

None of these Expenses

c b

248

None of these

249 250 251

Bank Interest received will be passed through During voucher entry existing ledger can be modified. A Voucher Types can be created To declare Price List for a product choose

Contra mode True from scratch

ONLINE_EXAMINATION_QUESTION Journal mode Receipt mode False based on existing voucher type Either A or B Gateway of Tally > Display > Price List

Payment mode

None of these

c a

None of these

252

Gateway of Tally > Gateway of Tally > Masters > Inventory Inventory Info > Price Info > Price List List Company Info > Alter Alt + F2 Gateway of Tally > Accounts Info > Ledgers > Create

None of these

We can Modify an existing Company from What is the key combination to change 254 the financial year an existing Company ? 253 255 To see existing ledgers of a Company choose

Company Info > Alter Gateway of Tally > Modify None of these Company Company Alt + F1 Gateway of Tally > Accounts Info > Ledgers > Display Capital Account with Debit balance Online Group Alt + F1 Rejection Out Sales Return to define a group of ledgers F6 Ctrl+M Ctrl + P Ctrl + F2 Gateway of Tally > Accounts Info > Ledgers > Alter Capital Account with Credit balance Online Cost Centre Alt + 2 Credit Note Purchase Challan to allocate ledgers with a voucher type F2 Ctrl + N Alt + T Ctrl + F1 None of these

a a

None of these Profit and Loss with Credit balance A and C Alt + F2 Debit Note Purchase Return None of these Alt + w Ctrl + C Ctrl + T None of these None of these None of these None of these

256

Drawings account will be assigned with Profit and Loss with the group Debit balance During voucher entry we may create To get detail report format press To pass the Delivery Note return you need Credit Note is associated with Voucher Class can be used Online ledger Alt + 1 Rejection In Sales Challan to define a new voucher type F8 Alt + Insert Alt + P

None of these

257 258 259 260 261 262

All of these

e b a b c b c d

We can see the daily break-up report in cash book by press To invoke Calculator anywhere in Tally 263 press To convert any voucher to Post Dated 264 press

265

To display Outstanding report for Creditors select

Gateway of Tally > Gateway of Tally > Gateway of Tally > Display > Statements Display > Statements of Display > Exception of Accounts > None of these Accounts > Outstanding > Reports > Creditors Outstanding > Creditors Payables Page 53

266 267 268 269 270 271 272 273 274 275 276 277

A Bill can be formed without Order and Challan. Use Rejection Notes option can be used To pass the Receipt Note return choose Tracking Number is used to keep Debit Note is associated with A Budget can be set with a Ledger. To print the report press To modify any ledger balance go to Account info -> Ledger -> To see the Budget variance press Single Entry mode is available for Sales and Purchase entries. At the time of voucher entry to repeat the previous narration pressPost Dated entries can be viewed through

True to cancel any Sale Rejection In Challan number Purchase Return True Ctrl + P Create Alt + G True Alt + Insert Scenarios

ONLINE_EXAMINATION_QUESTION False to cancel any Purchase Rejection Out Order number Sales Return False Alt + P Display Alt + B False Alt + C List of Accounts Use different Actual & Billed Qty Regular voucher Inventory voucher Profit and Loss Display > Restore does not allow any debit balance Alt + Enter F4 Invoice mode Ctrl + R Exception Reports Allow 0 (zero) valued entries in Vouchers Regular date Non accounting vouchers Day Book Gateway of Tally > Restore shows the accumulated balance Enter F5 Both Gateway of Tally > Accounts Info > Split Alt + Ctrl + R None of these Separate Discount column on Invoices Regular no Banking voucher None of them None of these None of these Not possible F6 None of these None of these None of these to Reject any Sold good Credit Note Bill number Purchase Challan Alt + E Alter Alt + T to Scrap any good from godown Debit Note All of these Sales Challan Alt + R None of These Ctrl + B None of these None of these None of these

a c b a a a b c b b c c

To feed Free quantities of goods during 278 Sales / Purchase turn on the option 279 280 281 282 283 284 285 286 287 Optional voucher can be converted into regular voucher by click on Unconventional voucher means

Allow Invoicing

None of these

Regular button Accounting voucher

Optional Contra voucher

a c c a c a c a b

Which is not a Final Report of a Balance Sheet Company? A Company can be Restored through a Company Info > Backup from Restore Net Debit / Credit Balances for does not allow any Reporting option of a Group credit balance During the declaration of a group Ctrl + Enter parent group can be changed using To Reconcile a Bank entry press F3 To work with Track Additional Cost of Voucher mode Purchase you need To Split a Company use

Gateway of Tally > Company Info > Split Split Company Data Company Data Page 54

288 289 290 291 292 293 294 295 296 297 298

VAT TIN stands for Is it possible to change password of Tally Vault for a Company already assigned with such password? Income (Indirect) is the alias of which account group ? Deferred Revenue Expenditure group falls under Existing Voucher Type can be modified. To see the Trial Balance choose We can create the Cost Centres for BOM Stands for Alt + N key is used for To Delete a Company you should opt

Tax indian notifiacation Yes Income Branch / Divisions True Gateway of Tally > Display > Trial Balance Revenue Items Base of materials Calculator Gateway of Tally > Delete Company F12 F4 4 Delivery Note Alt + L Maintain Billwise Details

ONLINE_EXAMINATION_QUESTION Tax Payers Tax input number identification number No Profit and Loss Indirect Expenses False Gateway of Tally >Trial Balance Non Revenue Items Bill of materials Print Company Info > Delete Company F11 F5 2 Receipt Note Ctrl + L Allow Invoicing Company Info > Trial Balance Both Bill of matter Export the data Company Info > Alter Alt + F1 F6 0 Purchase Order Shift + Ctrl + L Allow Order processing Indirect Income Direct Expenses

Tax Inter State Number

b a

None of these Miscellaneous Expenses None of these

c d a

None of these None of these Bill of management Backup Nome of these Alt + F2 F7 1 Purchases Alt + Ctrl + L Maintain Budgets and Control Actual Company will remain unchanged and other two companies will be generated. Value adding tax None of these None of these None of these

a c b None of these e c a a b a b d

A ledger may get declaration space for its Alias through To switch to Contra mode of voucher 299 press How many default ledgers are provided 300 by Tally? 301 Price List is applicable in case of 302 303 To make an Optional voucher press To avail Budget turn on the option

304

If a Company has splitted on 1-Sep2004 then what will happen with the Company?

Company data till Company data will be 31-Aug-2004 will be shifted to a new deleted Company

Actual Company will be divided into two parts.

None of these

305

VAT means

Valuation of all taxes

Valued added tax Page 55

Value added tax

306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322

Depreciation ledger falls under Budget activation option is available under A Budget cannot be set with a Group. Interest can be defined against In Tally Simple and Compound Interest can be charged. Input tax credit will be available when the goods are purchased from Invoice format for Sales / Purchases can be turned ON from

Indirect Incomes F12 True Cost Centre True Register Dealer Company Configuration

ONLINE_EXAMINATION_QUESTION Fixed Assets Indirect Expenses F11 False Group False Wholeseller Company Info menu Profit and Loss Rs 10 000 Set expiry date for batches False Ctrl + D Reversing journal Memo Register Sales order Bill of Material No F3 Tax deducted from Sales Press D B Cost Inventory Info F10 Zero Valued entry Page 56 F6 Tax Demated From Sales Press D D Quantity Both A & B Ctrl+F8 Maintain Billwise Details Alt + D Post dated voucher Memorandum Vouchers Purchase challan Billing of Material Retailer Company Features window Reserve and Surplus Rs 50 000 Manufacturing date Ledger Company Alteration

Direct Incomes Company Info

c b b

None of these

c a

Retained Earnings is the alias of which Retailer account group ? The limitation for Budget amount is Rs 5 000 To use the expiry date for stock item Maintain batch wise turn on the option details In Journal voucher Cash / Bank entry True is possible. To Cancel a voucher press Alt + 2 The voucher that are used in Scenarios Optional voucher management Memo voucher can be viewed by Memo Entry Display -> Exception Report -> Alt + F9 key is used for Purchase order Full form of BOM Billing of Maintaint Split Company and Group Company Yes are not the same F2 Terms Deducted from Sales Press D Y Quality Accounts Info Ctrl+F10 Maintain cost centres

Unregister dealer Company Alteration window Capital Reserve No limitation Both A & B

a None of these c c d d a

Alt + X Both A & B Memo Account Sales challan None None of these

d d c c b a

323 Short Cut key to put the Voucher Date 324 What is the full form of TDS ?

None Tax deducted at Source Press D S None of these Not Available Ctrl+F9 Actual and Billed Qty

a d c c a a d

325 The Hot Key for - Display Daybooks - is 326 327 328 329 Reorder Level is a ___________ for stock item. Budget option is available in The shortcut key used for Memorandum Voucher Buy 2 get 1 free - Which option we should use ?

330 331

Is it possible to calculate tax on current sub-total ? In case of Date Setting is there any difference between F2 & Alt + F2 key ? If the Company starts from1st April 05 the books beginning from will be

True Yes

ONLINE_EXAMINATION_QUESTION False No It can be any date after 31 / 3 / 2005 no date in the entry

a a

332 333

1/4/2005

31/03/2005 no credit side in the entry FALSE Shift+S New Ref False Alt+D Press - A F8 Key False Change Reporting period F5 False Purchase Challan Invoice mode Stock Jrnl Alt + X

2/4/2005 no amount in the entry

d c b

No entries in voucher this message no debit side in the comes when there is entry Splitting of a company is not possible in 334 TRUE Tally 335 336 337 338 339 340 341 342 343 344 345 346 347 348 Short cut for Deletion of Sales order For a new Bill raised by us or raised on us by our supplier we use We can pass the manufacturing entry through stock journal What is the shortcut key to delete a Budget ? What is the hot key to open an Accounting Voucher ? Which key will be used to choose for Reversing Journal ? For Purchase & Sales Ledgers Inventory values are affected - option must be YES While pressing Alt + F2 in the Gateway of Tally it will The shortcut key used to change the Voucher Date Is it necessary to create at least one item for maintaining price List The Option - Use Tracking Numbers is used for. Sale Bill and Purchase Bill can be entered only in Manufacturing Entry should be passed through Shortcut key for Cancellation of Voucher Alt + P Against Ref True Alt+B Press - V F10 Key True Change Current date F4 True Sales Challan Voucher mode Optional Journal Alt + 2

Alt+D On Account

Crtl+D Advance

None of the above None of the above

c b a

Alt+C Press - D F9 Key

None None F4 Key

b a a a

Change Accounting period F2

None of these F7

c c a

Purchase Order Both A & B Physical Stock Ctrl + 2

Sales Order None of these Both A & B None of these

Both A & B

e c

None of these

b b

Page 57

349 350 351 352 353 354 355 356 357

There is no difference between Cancellation and Deletion of Voucher ? In price list we show The shortcut to switch from accounting voucher to inventory voucher Can we zoom any reports in tally ? Opening Stock and Closing Stock both can be viewed through stock summary Full form of CST Debit Note means Sales Return Is it possible to assign Multiple Price levels for Invoicing ? Is it possible to record Post-Dated Cash or Bank Transaction? Is it Compulsory to activate Maintain Balances Bill by Bill for S.Debtors & S.Creditors for maintaining billwise breakup ? Ctrl + N is the key to activate Voucher Type option is available in

True Trade Discoiunt F2 yes True

ONLINE_EXAMINATION_QUESTION False Cash discount F1 no False Central Sales Tax None both a & b CTRL + V none of these ALT + F1

b a b a a c b a a

Central Service Tax Central Surcharge Tax Yes Yes Yes No No No

358

Yes

No Current Voucher No. In both of A and B Ctrl + M

359 360 361

Voucher Entry Account Info Ctrl + N True True Cash-Bank Transaction Tally Vault configuration window alt + r Sales

Stock Entry Inventory Info Alt + C False False Party Payment Security Control feature window alt + s Purchase Page 58

Calculator Not available Both A & B

c d c a b

To Invoke a Calculator on the Voucher Entry Screen Can we use Cash Account in Journal 362 mode ? Cost Category is essential to prepare 363 Cost Centre. 364 365 366 367 368 Contra mode is used for The Option where the Administrator can set up User and Password is known as To enter voucher number manually in tally we should modify To view a hidden voucher we will use Stock Journal is generally used in

Party Receipt Tally Audit voucher type ctrl + r Transfer of Materials

Adjustment Proxy Configuration voucher class none of these Voucher Class

a b c b c

Document re numbering is possible in Tally How to edit a Ledger during a Voucher 370 Entry ? 369 371 372 How many types of Interest Styles are available during Interest calculation Debit Note vouchers can be used for

a) True Alt+Space Bar 4 Sales Return True Display -Trial Balance yes F1 yes F12 Key

ONLINE_EXAMINATION_QUESTION b) False Alt+Tab 3 Sales Order False Display - Accounts Book - Cash Bank Book(s) no F10 no F11 Key F10 Key none of these F9 none of these Display - Statement Of Accounts Ctrl+Enter 2 Purchase Return None 1 Rejection Out

b c a c a

Is it possible to maintain Income and 373 Expenditure Stmt instead of P / L A / c ? 374 375 376 377 378 Budget report can be seen from Income and expenditure statement is available in tally To switch from one inventory report to another inventory report we use Can we Create two Company having same name ? To get the option Enter address for godowns press If voucher numbering scheme is changed from automatic to manual then a message will come for duplicate voucher number If you want to change the view of voucher entry screen from Dr Cr mode to To By mode use Is it possible to import transactions from one company to another company in tally ? Challan is prepared before Through which configuration we can activate Dr / Cr instead of To / By ? The Option Accounts-with-Inventory is used to maintain The shortcut key used for Online Modification Can we use Cost Categories without using Cost Centres ?

Both A & B

None of these

d a c a a

379

yes

no

380

company features

Company configuration no quotation F12 Inventory Accts Shift + Enter False Page 59

gateway of tally

company info

381 382 383 384 385 386

yes order F11 Financial Accts Ctrl + Enter True

a invoice Alt+F3 Both A & B Ctrl + A return None None of these Ctrl + Q c b c a b

The shortcut key used to activate company features The shortcut to open Payment Voucher 388 Mode . The option - Track Additional cost of 389 Purchase - is used in 387 390 391 392 393 394 395 396 Is it possible to see the vouchers which have been already Reconciled ? Goods received on account of purchase is related with The shortcut used to find Security Control The shortcut key used for Optional Vouchers Shortcut for Budget Variance User can print Reminder Letter for the Party from Tally 7.2 Manufacturing can be done through

F11 Press F5 Sales True Delivery Note Alt + F1 Ctrl + T Ctlr + N True stock journal stock items

ONLINE_EXAMINATION_QUESTION F12 F9 Press F6 Purchase False Receipt Note Alt + F2 Ctrl + A Alt + 2 False a new voucher type based on stock journal stock group physical stock ledger name Purchase Note Alt + F3 Ctrl + O Alt + V Press F8 Party Receipt

F8 Press F9 Party Payment

a a b a

Sales Note Alt + F4 Ctrl + L Ctrl + S

None of these

b c d

Alt + B

e a

both a & b ledger group

all of these all of these

d e

397 Allow aliases option is associated with Is it possible to import transactions 398 from one company to another company without importing the masters ? 399 400 401 402 403 404 Life insurance premium of proprietor is treated as Can we view both Opening Balance and Closing Balance in Trial Balance ? Can we see Closing Stock through Trial Balance ? For interest calculation which of the option in F11should be marked To get cash ledger in Journal mode one should mark

yes

no

indirect exp yes yes maintain Billwise Details Allow cash accounts in journal in F12 Alt + P Alt+C

drawings no no Allow multicrrency Allow multicrrency Ctrl+P Alt+N Page 60

direct exp

indirect income

b a b

Activate interest calculation Invoice for capital Goods Alt+R Alt+M

Purchase order in tally Comes by For Calculation purpose which key we 405 will use ?

Maintain stock categories Alllow cash accounts in Journal Alt+O All of these

Enable TDS None of the above None of these

c d e a

Contra mode is related to Bank and Cash transaction. Is it possible to pass Cash / Bank entry 407 through Journal Entry mode ? 406 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 Optional / Memo / Reversing Journal is effected in Financial Account By default Profit & Loss A / c is created under which Group ? We can import Manufacturing Journal is a During Debit Note entry Purchase Account is to be We can maintain our books as We can maintain more than one user & passward in tally Machine purchased for production of goods the VAT rate will be We can Modify Delete and Alter a Voucher Entry from Display Daybooks option If we select - Accounts Only - feature can we maintain stock item ? The shortcut key used for Bank Reconciliation. Formal name of any unit should be different from Symbol name How many types of Costing Method are found in Tally ? Allow 0 valued entries in voucher option is set to Yes when we need to pass Voucher number in tally can be in When goods are destroyed by fire there is an effect in To hide a voucher we will use MRP stands for Is it possible to delete the default godown (Main Location) ?

Yes Yes Yes Capital Ledger Document Class Debited Accounts only True 1percent True Yes F6 True 7 Accounting vouchers without any value numeric both accounts & inventory alt + r

ONLINE_EXAMINATION_QUESTION No No No Reserve & Surplus Cost Center Voucher Class Credited Accounts with Inventory False 4percent False No F4 False 9 Inventory vouchers without any value alpha numeric only inventory alt + s 8 Free goods text only accounts ctrl + r Maximum Retail Price 10 both a & b All of these no effect none of these None F5 F2 20percent 12.5percent nil Primary Group Manufacturing Class Will not come into effect Accrual Basis Profit & Loss. All of the above Sales Class None Both A & B None

a a b c d b b d a b a b c a c d d a a c b

Material Retail Price Minimum Retail Price True False Page 61

Can any user make voucher entry 427 whose monetary transaction value is 0 ? What do you mean by the term - Alias 428 ? The shortcut key used for Post Dated 429 Voucher 430 Use defaults for bill allocation this option is used to

True Alternate name Ctrl + L Enter Bill No. Manually yes yes TDS invoice TRUE Shortname Sales Voucher Actual Level General Expenses Alt + F1 True alt + x True Yes

ONLINE_EXAMINATION_QUESTION False Nick Name Ctrl + T Bill No Will Be Generated Automatically no no Invoice for capital Goods FALSE Full name Purchase Voucher Stock Verification Office Expenses Alt + F3 False ctrl + q False No F12 (Configuration) Ctrl + N alt + e alt + y Address Payment Voucher Reorder Level Revenue Expenses Both A & B None Receipt Voucher Voucher Class Deferred Revenue Expenditures Alt + F2 Physical Stock A VAT complaint invoice Tax point None of the above Short Name Ctrl + A Bill No. Is Not Needed All of these Ctrl + Enter None of these

a d b b a a c b a a e d c b b a a

431 Can we use expired batches for sale ? 432 433 434 Is there any effect in accounts if goods are destroyed by fire ? A Tax invoice is a In purchase bill we caN GIVE Tracking Number

435 What is the function of alias in Master ? The option - Separate Discount Column on Invoices - is available in Discrepancy between Actual stock and 437 Computer stock is termed as 436 438 439 Miscellaneous Expenses group is related with

The shortcut key used to create a New Company Cash Discount can be allowed in credit 440 bill 441 To exit from any voucher the shortcut is 442 443 We cannot keep e-mail address in Company Creation Screen Can we create Online Ledgers during Voucher Entry in every mode ? To see the Balance Sheet in a detailed manner What is the Shortcut Key ? The shortcut key used to quit from the screen without questioning

444 445

Alt+F2 Ctrl + Q

F2 Ctrl + A Page 62

Alt+F1 Ctrl + Enter

c a

446 447 448 449 450 451 452 453

The Option - Allow Component List Datails (BOM) - is used for At the time of Sale Bill entry - Output Vat - is created under which group ? Can we maintain more than one unit of measurement ? To maintain batch details for stock item which Shortcut Key is used to activated the option ? Inventory values are affected option will be set Yes for which ledgers ? Goods delivered on account of Sale is related with F12 key is used for Report of memorandum vouchers can be viewed through

Purchase Duty & Taxes True F12 Sales Return Sales Note Company Deletion Exception reports

ONLINE_EXAMINATION_QUESTION Sales Manufacturing Sales Account False F11 Sales Receipt Note Company creation Statutory master F8 Purchase Sales Receipt Note Company Configuaration Stock summary Current Liabities

Voucher Class Duties & Taxes

c d a

F9 Purchase Return Delivery Note Company Features none of these All of these None of these None of these

b e d c a

454

Tally Vault password is used

To set user name & To set user name & password for the password for the company but it will company but it will not show the name show the name of the of the company in company in Select Select Company Company List List ledger True stock item False

To set the password for the company To lock the period of the but it will not Company view the name of the company in Select Company List stock group unit of measurement

455 456

Quantities of items be added option is available while creating There is no difference between allocate revenue & non-revenue items

c b

Can we mention narration against each 457 ledger while passing the voucher entry ? 458 459 compound unit is associated with

yes Unit of mesurement yes F2 True

no Groups no F1 FALSE Page 63 CTRL + V ALT +F1 Cost centres Interest calulation

a a a c a

Is it possible to define item wise price list ? To switch from Invoice mode to 460 Voucher mode we will use which shortcut key ? We can see Income Expenses instead 461 of Profit & Loss in Tally

462 463 464 465 466 467 468

To pass payment reciept voucher as contra the option be marked is Input vat credit on capital goods is available for maximum of What is the shortcut key to create a duplicate Voucher ? Stock Category is used for ____________of Stock item. To shut a Company means The function of an alternate unit is same as main unit To define the stock valuation method we will use which shortcut key ? Standard Rates for Stock item can be given from

Allow cash ONLINE_EXAMINATION_QUESTION Allow payment as Allow reciept as contra in accounts in journal contra in F12 F12 in F12 30 monthly 35 monthly installment 34 monthly installment installment Alt+1 Adjustment To Open it yes F11 Use alternate unit for stock items in F12 CASH A / C CAPITAL A / C & CLOSING STOCK A/C voucher entry Alt+R Yes True Display - Inventory Books Outstanding 1 Alt + F1 True Input Vat Alt+D Classification To Close it no F12 Alt+F3 Alt+C Rectification To Delete it

Use Payment Reciept as Contra in F12 20 monthly installment Alt+5 None of these To Hide it

All of the above 36 monthly installment None

d e e b

None of the above

b b

none of these Allow alternative rates for stock items NO DEFAULT LEDGERS ARE THERE. ledger All of these

469

Use Standard rates for Allow Std.rates for Stock stock item items CASH A / C & CASH A / C & PROFIT & CLOSING STOCK A / LOSS A / C C voucher type Alt+O No False Display - Accounts Books - Outstanding 2 Alt + F2 False Output Vat Page 64 Both Display - Statement Of Accounts - Outstanding 3 Alt + F3 voucher mode Alt+W

None of the above

470

Default ledgers in tally are

To enter the effective date for vouchers we should modify the To remove a line from a report which 472 key we will use ? 473 Credit Note means Sales Return Can any User convert the 474 Memorandam Voucher into Regular basis ? 471 475 476 Outstanding bill report can be seen from

b a a a

None of these 4 Alt + F4

c b c b

There are ________ types of Unit of measurements The shortcut used to find Group 477 Company Is it necessary to give Chalan No in 478 Reference C S T (Purchase) can be adjusted with 479 ______.

none of these

480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496

How many types of budgets are available ? We can Split Company Data for Data path can be changed later The shortcut key used for Online Creation To insert a voucher in Day Book. To Duplicate a Voucher In Day Book Shortcut key used to insert a voucher Memorandum Voucher is used for Can we maintain different tax rate for different item ? The option - Rejection out - is used during Godown option is available in The option - Integrate Accounts with Inventory - affects only Price List option is available in Reorder Level option is available in User can maintain Predefined narration in Tally 7.2 F12 - Key is also known as

Two 3 Months True Alt + A Alt + I Alt + 2 Alt + R

ONLINE_EXAMINATION_QUESTION Four Three 4 Months False Alt + C Alt + A Alt + X Alt + I Party Payment False Sales Inventory Info Inventory Inventory Info Inventory Info False Company Features window purchase 10 digits sales rate False stock group no ledger no Company Page 65 country cost centres ledger name Company Properties window sales 12 digits closing rate Purchase Both A & B Both A & B Accounting Vouchers Both A & B Alt + D Alt + D Alt + A Ctrl + S Party Receipt 6 Months

One all of the above

a d a

Alt + B Alt + 2 Alt + I None of these None of these

b a a b a a

Suspense Payment True Payment Accounts Info Accounts Accounts Info Accounts Info True Configuration window manufacturing 11 digits purchase rate True stock items yes stock items yes state

Receipt None of these None of these Both A & B Accounting Vouchers

c b c b b b a

Allow components list details (Bill Of Materials) this option is used for 497 Vat Tin number consists of Allow standard rate for stock items this 498 option is used to give Maintenance of batchwise inventory is 499 not possible in tally 500 501 Part number option is associated with

sales return 15 digits both a & b

a a d b

unit of measurement

a a

Is it possible to pass a payment entry in single entry mode ? 502 Reorder level is related with Is it possible to export Balance Sheet 503 report from tally to excel ? 504 In vat tin no 1st 2digits represent

godowns

a a a

505 506

Shortcut for TDS deduction in Tally is

Alt+C TRUE Security control Click on taskbar Yes True Single User Utility of Materials As invoice Acct invoice YES True True Alt+F4 True

ONLINE_EXAMINATION_QUESTION Alt+S Alt+T FALSE User Password Click On gateway of Tally No False Multiple User Units of Materials As voucher Item Invoice NO False False Alt+F2 False TRADE DISCOUNT IN PURCHASE VOUCHER manufacturing statements of inventory F4 Current Assets Current Liabilities Online Calculation Page 66 Alt+F5 Both (a) & (b) Unit of Measurement Item Invoice Acct invoice Tally Vault Click on Shift +N Button

Ctrl+T

Ctrl+K

b a

Ctrl+F10 is the shortcut for Memo Voucher Maintain Company data in encrypted 507 form and not to disclose our company name we use 508 509 510 511 512 To shut a Company We can maintain alternate Unit of Measurement Single mode of Voucher entry is possible in Tally Tally 7.2 can be used by UOM stands for

Audit trial Click On Alt+f1 button

None of the above None of the above

c d a a

None all of the above Acct Invoice As invoice None

c c b a b a

513 Purchase must be in ________ mode. Is it possible to alter a Voucher Entry in the Display Daybooks Mode? Books beginning from is the end date 515 of Accounting Year Expenses or Fixed Asset are allowed in 516 Purchase Vouchers ? Shortcut key used to see the report in 517 Detailed Format 514 518 User can print Confirmation of Statement of any ledger from Tally 7.2 Why separate discount column is used ? Bill of materials option is related with

Alt+F1

d a

519 520

TRADE DISCOUNT IN SALES VOUCHER scenario statements of accounts F11 Fixed Assets Current Liabilities Online creation of Ledgers

TRADE DISCOUNT IN BOTH THE VOUCHERS reversing journal inventory books F6 Current Liabilitites Current Assets Online Group Creation

none of these budget inventory info F12 None of these None

a b b a b b

521 To view Reorder Status report we use 522 523 524 Which key we will use to activate Company features ? Working Capital means During Voucher Entry in the amount column ALT+C stands for

525 Stock Report is not appearing because 526 527 528 529 530 531 532 The shortcut key to activate Purchase Order How many types of Voucher Numbering are available in Voucher Types ? Does Purchase and Sales order affect stock position ? Can we modify the predefined Voucher Types ? To give any notes for aledger account is not possible F11 in Tally refers to

ONLINE_EXAMINATION_QUESTION Inactivation of Allow Inactivation of Billwise Inactivation of Integrate Invoicing option Details option Accounts and Inventory Alt + F5 2 Yes yes True Company details 1 Direct Income Optional free goods Stock Jrnl Alt + F1 Display-Trial Balance configuration window Alt + A True Alt + F8 1 No no FALSE Company configuration 2 Indirect Income Non Conventional Voucher trade discount Manufacturing Jrnl Alt + F2 Dispalay - Accounts Book featues window Alt + 2 False Alt + S Display - Statements of Inventory Calculator on Alt + W Display - Accounts Book Online Currency Creation Company features 3 Indirect Expenses Regular cash discount Physical Stock Alt + F3 Display - Statements Of Accounts voucher type Alt + X Alt + F9 3

None of these Alt + F4 4

c d c b a a

Company ACCOUNTS 4 Direct Expenses None Of These none of these Both A & B Both A & C Both A & B none of these Alt + D

All of the above

c b c b a d d c a a a

How many default ledgers are available in Tally ? Discount Allowed ledger is created 533 under _________ group What type of voucher Memorandum 534 voucher is ? Actual & Billed Quantity column may be 535 used in case of 536 537 538 539 The shortcut key ( Alt+F7 ) is used for The shortcut key used for Back Up and Restore data. Cost Centre report can be seen from

To avoid warning against negative cash use 540 To Add a voucher in Day Book. Journal Voucher is used for Adjustment 541 and Rectification 542 Shortcut key used to add a voucher

Alt + A Display - Inventory 543 Stock Transfer report can be seen from Books If you press Alt + C key in the amount Auto Generated 544 portion of any voucher then what will Amount happen ?

Alt + C Display - Day Book None of these

a a b

Page 67

545 546

Payment is an _____________. Group Company option comes in which window ?

ONLINE_EXAMINATION_QUESTION Accounting voucher Inventory voucher Optional voucher Gateway of Tally CTRL + T yes yes manufacturing voucher configuration window yes statements of accounts TRUE Cost price TRUE Company info CTRL+ R no no transfer of materials feature window no statements of inventory FALSE Sale price FALSE Accounts Book both a & b voucher type Accounts Book ALT + R

Unconventional voucher Daybook ALT + L

a b b a a

547 The shortcut to repeat anything in tally 548 549 550 551 Can we change the date format from dd-mm-yy to mm-dd-yy in tally ? Can we mention the voucher number for each entry manually ? Stock journal can be used as

none of these none of these

c a b

To use Cash Bank accounts in Journal mode modify Is it possible to delete the main location 552 ? 553 554 555 556 Cost centre report is available in Vat is imposed on 550 items VAT is Charged on Ctrl + F8 is the shortcut key for Debit Note

Exception Report All of the above None of the above

a a

Assessable Value

c b

a) Output VAT A C Which one is the right VAT adjustment 557 Dr to Input VAT A C entry to Vat payable 558 559 560 561 562 563 Advance salary falls under How we can maintain pre defined cost center Costing method of an item in Tally can be maintained in Shortcut for credit note in Tally is To adjust a previous reference we select Is it possible to see the opening balance in trial balance a) Current Assets a) F11 > Set modify other company features 2 Ways Ctrl+C New Ref Yes

b) VAT payable A C Dr to Bank

c) Bank A C Dr to VAT payable c) Loans & advances( assets) c) F11 > Maintain cost center 4 ways Ctrl+F8 Agst Ref

d) VAT payable A C Dr to Input VAT to Output VAT d) a and c d) a and c 8 ways Alt+O On Account Costing cannot be done All of the above None of the above

b) Duties and taxes b) F12 > Set modify other company features 3 ways Alt+C Advance No Page 68

d d d c c a

564

"""Cash withdrawal for personal use"" the entry should be passed through " Is it possible to pay different salary to an individual who fall under the same group where salary structure are same toggle button between voucher & invoice mode toggle button between optional & regular voucher For auto calculation of payroll amount we have to press Can we see income and expenses statement instead of profit or loss account You can press ______on payslip screen to change configuration Tally bydefault provides It is mandatory To pass a purchase order before bill

a) Receipt

ONLINE_EXAMINATION_QUESTION b) Payment c) Contra

D) Journal

565

a) Yes

b) No

566 567 568 569 570 571 572

a) ctrl + v a) alt + L a) ctrl + F7 a) Yes a) F12 5 ledgers TRUE

b) ctrl+ i b) ctrl + L b) Alt + F4 b) No b) F11 4 ledgers FALSE

c) ctrl + a c) ctrl + v c) ctrl + v

d) ctrl + d d) Alt + O d) Alt + O

a b a a

c) Alt + F12 2 ledgers

d) Ctrl + F11 no ledgers None of the above

a c b

Page 69