TALLY ACOUNTING ERA QUESTIONS:

1) A cost center can be grouped under another cost center

a. True
b. False

2) You will find a predefined cost category when you enables cost center feature in Tally.ERP 9.
a. True
b. False

3) A cost category facilities three dimensional reporting of expenditure and revenue. Which of the
following is not an example of a cost category?
a. Region wise
b. Employee wise
c. Department wise
d. Salary wise

4) “The sale team of the company began customer visits for giving demonstrations of some
software. The company provided rupees 25000 towards their transportation and food
expenses. Out of this rupees 15000 are allocated for Gita and rupees 10000 for sita. Identify
the cost centres and cost categories for the above example.”

a. Transportation expenses as cost category, Gita an Sita as cost centre

b. Food expenses and cost category, Geeta an Sita as cost centre
c. Employee as cost category, Geeta an Sita as cost centre
d. Gita as cost category, Sita as cost center.

5) From the cost category summary report below, you can understand that in this company, there
are _________ more cost categories other than the predefined cost ones.
a. 0
b. 1
c. 2
d. 3

6) Read and understand the report shown in the image below. Now, find out the total expense
amount for the sales department cost category. Select the correct answer option.
a. Rs. 2,500
b. Rs. 1,500
c. Rs. 1,000
d. Rs. 1,10,000

7) The cost expenses of Rs. 40,000 is allocated to _________ cost center. Refer to the image
below to identify the cost centre.
a. Salesman
b. Manager
c. Senior
d. Junior
8) Under ________ method interest is charged on principal amount along with interest.
a. Simple Interest
b. Compound Interest
c. Composite Interest
d. Interest

9) Refer to the screenshot below and answer the following questions. The interest parameters
shown in the above figure is related to ________ interest calculation mode.
a. Simple parameter
b. Advance parameter
c. Simple interest
d. Compound interest

10) The interest parameters screen clearly shown compound interest calculations.
a. True
b. False

11) To record Interest income on receivable amount, user need to record entry using voucher class
under _______ voucher.
a. Debit note
b. Credit note
c. Journal
d. Sales

12) The _______ interest style is used for the example shown in the above screenshot.
a. 30-Day Month
b. 365-Day Year
c. Calendar Month
d. Calendar year

13) The interest rate of 15.5% shown in the above screenshot is for debit balance only.
a. True
b. False

14) Refer to the screenshot below and answer the following questions. The screenshot shown
above is the __________ screen.
a. Voucher creation
b. Class creation
c. Ledger creation
d. None of above

15) The SI class shown above is for the interest calculation.

a. True
b. False

16) The example shown above is an example of class for _______

 a. Simple mode interest
b. Compound interest calculation
c. Simple interest calculation
d. Advance mode calculation

17) For the example shown in the above screenshot, if you set ‘Accounts to be treated as
Compound Interest’ to Yes, then the simple interest class will calculate compound interest.
a. True
b. False

18) In the above example, the simple interest class is created in the debit or credit note to enable
interest calculation.
a. True
b. False

19) To activate interest calculation in simple mode or with simple parameter from GWT, press
______ and enable ‘Activate interest calculation ‘from accounts feature.
a. Accounts info menu
b. Inventory info menu
c. F11: Features
d. F12: configurations

20) To activate interest calculation in advanced mode or with advanced parameter from GWT,
press F11: Features > F1: accounts > disable ‘Activate interests calculation’ and enable use
advanced parameters.
a. True
b. False

21) The main difference between simple mode interest calculation and advanced mode interest
calculation is _______
a. With simple mode we can calculate simple interest whereas with advanced mode
we can calculate compound interest.
b. Simple mode requires minimum configurations and interest calculations whereas
advanced mode is when interest rate changes periodically.
c. There isn’t any difference in simple mode and advanced mode interest calculations.
d. Simple mode option was available only in older to tally version and advanced mode
option is available in Tally. ERP9

22) In the books of Omega Silk, Bank reconciliations and voucher dates are different. We cannot
calculate interest on outstanding balance of bank account by considering Bank reconciliation
date in Tally.
a. Tue
b. False

23) To calculate interest on outstanding balances of bank account as per bank dates, set _______
option to Bank/Reco Date in Interest Parameters screen.
a. Calculate interest based on
 b. Include transaction date for interest calculations
c. Rate
d. Calculate interest transaction-by-transaction

24) If the ‘Maintain budget an controls’ feature in enable in the Accounting features screen hen the
budget variance report is available even though no budget was created.
a. True
b. False

25) The _________ shortcut key is used to view budget variance report in the trial balance.
a. Ctrl+B
b. Alt+B
c. Ctrl+Shift+B
d. Shift+B

26) The budget set for the advertisement ledger is Rs. _________
a. 5000
b. 50000
c. 5,00,000
d. 50,00,000

27) The above screenshot show the on net transactions budget type.
a. True
b. False

28) Refer to the screenshot below and answer the following questions. The above screenshot
shows the budget created for _______
a. Ledger
b. Group
c. Cost center
d. Stock item

29) In which statement is the working capital statement prepared?

a. Cash flow statement
b. Funds flow statement
c. Income statement
d. Profit & loss statement

30) The cash flow statement is based on which accounting type?

a. Cash basis of accounting
b. Accrual basis of accounting
c. Credit basis of accounting
d. None of these

31) As per accounting standard-3, cash flow is classified into which activities?
a. Operating activities
b. Investing activities
 c. Financing activities
d. All of above

32) The net working capital is calculated by subtracting current liabilities from _________
a. Fixed asset
b. Fixed income
c. Profit & loss
d. Current asset

33) The ratio analysis is divided into _______ & _______

a. Principal ledger and principal items
b. Principal ratios and principal groups
c. Principal ledger and principal ratios
d. Principal ratios and principal items

34) To create the TDS nature of payment, you need to go to gateway of Tally > statutory info > TS
nature of payments > create.
a. True
b. False

35) _______ is one of the modes for collecting income tax at the source.
a. GST
b. TAN
c. TDS
d. VAT

36) In Tally, you can book expenses by recording the ________ voucher.
a. Payment
b. Journal
c. Receipt
d. All of the above

37) Tax deducted at source (TDS) is an indirect tax collected at the prescribed ate from the income
source.
a. True
b. False

38) As per the income tax act, every corporate and government entity is liable for ________ of TDS.
a. Extension
b. Increase
c. Addition
d. Deduction

39) If you made the payment through a cheque then you need to create the nature of payment for
commission expenses.
a. True
b. False
40) In the form 26Q, Q stand for _______ report.
a. Monthly
b. Yearly
c. Quarterly
d. All of the above

41) To submit the TDS details for all payment except for the salaries paid on monthly basis form
26Q is required.
a. True
b. False

42) Which form is required to submit the TDS details for all payments?
a. Form 16
b. Form 26Q
c. Form 19
d. Form 10C

43) To view reversing journal register, go the gateway of tally > display > __________ > reversing
journals
a. Account books
b. Inventory books
c. Statement of accounts
d. Exception reports

44) _________ are special journals that are automatically reversed after a specific date.
a. Reversing journals
b. Memorandum vouchers
c. Optional vouchers
d. Special journals

45) Reversing journals are not posted to any books of accounts and cannot be included in regular
reports.
a. True
b. False

46) Reversing journals and memorandum vouches are predefined accounting vouchers included in
Tally.ERP.
a. True
b. False

47) To activate reversing journal, go to F11: accounting features and set ________ to yes.
a. Maintain bill-wise details
b. Maintain budgets and controls
c. Use reversing journals & optional vouchers
d. Use invoice mode for credit notes

48) When actual spending is more than the budget, it is called

 a. Under budget
b. Over budget
c. Substantial budget
d. Nil budget

49) Cash flow statement is also known as

a. Statement of changes in financial position on cash basis
b. Statement accounting for variation in cash
c. Both a and b
d. None of the above

50) Which of the following reports provides a critical overview of the company performance in the
form of ratio?
a. Ledger monthly
b. Receivables / payable
c. Ratio analysis
d. Trail balance

51) In ratio analysis, the receivable turnover ratio displays the ________
a. Payment performance of debtors
b. Sundry debtors due till date
c. Working capital amount
d. Net profit percentage

52) In tally, the difference of actual and budget are available in the _______ report.
a. Common budget
b. Columnar
c. Day book
d. Budget variance

53) The shortcut key used to reconcile a challan is ________.

a. F2
b. F3
c. F4
d. F5

54) Under which of the following section are goods defined for TCS?
a. 205C(1)
b. 206C(1)
c. 207C(1)
d. 208C(1)

55) You cannot define zero percent as the TCS rate in Tally.
a. True
b. False

56) Which of the following forms is used file the TCS return?
 a. 22
b. 25E
c. 26E
d. 27E

57) From the TCS nature of goods creation screen, the ________ shortcut key is used to select a
predefined TCS nature of goods.
a. Alt + C
b. Ctrl + C
c. Alt + L
d. Ctrl + L

58) The option from where TAN registration number can be provided in Tally.ERP 9 is:
a. Accounting features
b. Inventory features
c. Statutory & taxation
d. Add-on features

59) The TCS nature of Goods can be created from _________.

a. Accounts info > statutory info
b. Accounts info > TCS nature of Goods
c. Accounts info > ledgers > TCS nature of Goods
d. F12: configure > TCS nature of Goods.

60) For _________ the TCS nature of Goods needs to be defined.

a. Cost center
b. Unit of measure
c. Stock item
d. Stock categories

61) The TCS challan can be printed from _________ voucher.

a. Contra
b. Payment
c. Receipt
d. Journal

62) ________ can be used to reconcile the TCS payment.

a. Cash
b. Cheque
c. Challan
d. Collections

63) A company needs, 10,000 USB keyboard each month. The company decided to recorder
minimum of 5,000 USB keyboard of the quantity consumed in the last 20 days. Using this
information and the parameters shown in the screenshot below, define the reorder parameter:
Reorder Quantity and minimum order quantity.
a. 10,000 and 5,000
 b. 5000, and 10,000
c. 5,000 and 5,000
d. 10,000 and 10,000

64) Refer to the screenshot below and define advanced parameters: period and criteria for the
reorder levels using the reorder quantity.
a. 20 days, higher
b. 15 days, lower
c. 20 months, higher
d. 1 month, higher

65) We can also set advance parameters for the reorders levels in terms of weeks.
a. True
b. False

66) Refer to the screenshot below and define advanced parameters: period and criteria for the
minimum order.
a. 20 days, higher
b. 15 days, lower
c. 20 months, higher
d. 1 month, higher

67) In reorder status, Nett, available balance is equal to the sum of closing quantity, pending
purchase order and sales order due.
a. True
b. False

68) It is possible to close a sales order using the delivery note voucher.
a. True
b. False

69) The shortcut key _____ is used to pre-close and order from the order details screen.
a. C
b. Ctrl + C
c. Alt + C
d. Shift + C

70) To pre-close an order using the delivery note voucher, press _______ and set ‘Use pre-close
order details’ to Yes.
a. F12: configuration
b. F11: features
c. F2: date
d. F1: accounting vouchers

71) To close and full or partial order using the sales/purchase voucher order, press Ctrl + C.
a. True
b. False
72) You can close a complete sales order only from the sales invoice.
a. True
b. False

73) Reorder level is the level of a stock item on which an order has to be placed.
a. True
b. False

74) A reorder level is important to have sufficient stock to fulfuill customer order and at the same
time not to have high stock unnecessarily.
a. True
b. False

75) Lead time for suppliers to delivery time specifies by the customer are two important points to
consider while setting recorder level.
a. True
b. False

76) In the balance at cost column that quantity indicates _____ quantity.
a. Manufactured
b. Inward-outward
c. Outward-inward
d. Instock

77) The item cost analysis report is only for a specific period.
a. True
b. False

78) The item cost analysis report cannot calculate the rate per price.
a. True
b. False

79) Item cost and profit tracking refers to accumulation of cost and revenue for particular quantity
of stock item across various transactions.
a. True
b. False

80) Only purchase and sales transactions can be tracked and subsequently referred in any
transaction.
a. True
b. False
81) Item cost tracking enables analysing the running cost and profitability of the item being tracked
tracked through manufacturing sales, sales, purchase, and so on.
a. True
b. False
82) The stock in hand is satisfy order is not important point to consider while setting recorder level
a. True
b. False

83) Recorder level can be defined in either simple mode or complex mode
a. True
b. False

84) The profit is equal to __________ as per the item cost analysis report.
a. Revenue – (cost – balance at cost)
b. Cost – (revenue – balance at cost)
c. Revenue –cost
d. Balance at cost – revenue

85) A less in the item cost analysis report is shown as the amount using _________
a. Red color
b. Negative balance
c. Round brackets
d. Asterisk mark

86) Item cost tracking enables analyzing the running cost and profitability being tracked
manufacturing sales, purchase, and so on.
a. True
b. False

87) Items cost tracking helps you effectively track and ascertain the procurement cost, landing
cost, manufacturing o production costs, order cost or profit, and job cost or profit.
a. True
b. False

88) Item cost tracking helps in determining sales price of finished goods based on the costs
incurred till date and overall profitability.
a. True
b. False

89) Sanjay wants to sell goods at different rates to old and new customers. Which tally features
should he use to create different rates?
a. Price level
b. Price list
c. POS
d. Reorder level

90) To create a price list in tally, from gateway of tally, select _________
a. Accounts info > ledger > price list > create
b. Inventory info > price list > create
c. Inventory info > stock group > price > create
d. Inventory info > stock item > price list > create
91) To use ‘separate discount column on invoice’, from gateway of tally select ________
a. Inventory info > stock item
b. F12: configure > f12: inventory
c. F11: features > f1: accounts
d. F11: features > ff2 : inventory

92) The price list is same as the price level

a. True
b. False

93) You can have ______ price list an price level.

a. Two
b. Five
c. Four
d. Multiple

94) The POS voucher is used as a ________

a. Sales invoice
b. Sales order invoice
c. Purchase invoice
d. Purchase order invoice

95) The POS voucher is a predefined voucher in tally.

a. True
b. False

96) To create a POS voucher, from gateway of tally, select _______

a. Inventory info > voucher types
b. Inventory voucher > voucher types > POS > create
c. Inventory info > POS > create
d. Accounting info > POS > create

97) You can add the declaration text by setting _________ to yes.
a. Set/alter POS
b. Set/alter T&C
c. Set/alter declaration
d. Set/alter text

98) How many text messages does tally allow you to print on a POS invoice?
a. One
b. Two
c. Three
d. Four

99) Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the
________ (prepared by business)
 a. Cash receipt journal
b. Cash payment journal
c. Cash book
d. Financial statements

100) The main purpose of preparing a bank reconciliation statement is ________

a. To know the bank balance
b. To know the balance of bank statement
c. To correct the cash book
d. To identify causes of difference between cash book and bank statement

101) Bank reconciliation statement is ________

a. Part of bank statement
b. Part of the cash book
c. A separate statement
d. A sub – division of journal

102) To reconcile the bank statement, go the ‘gateway of tally > _______ > bank reconciliation >
select the name of the required bank
a. Display > statement of accounts
b. Display > statement of inventory
c. Import
d. Banking

103) For auto bank reconciliation, on the ‘Bank reconciliation’ screen’ press _________
a. Alt + B
b. Ctrl + B
c. Alt + S
d. Ctrl + S

104) You can print a cheque directly from tally.

a. True
b. False

105) To configure the cheque dimensions, from gateway of tally you need to select F11: features
> F1: accounting features.
a. True
b. False

106) Which of the following shortcut key is used to define the cheque dimensions?
a. Alt + U
b. Ctrl + U
c. Alt + D
d. Ctrl + D

107) You can set only one cheque book (cheque range) in tally
a. True
 b. False

108) You can enable the cheque printing option from the bank ledger screen
a. True
b. False

109) Loans are a short term source of finance

a. True
b. False

110) Which of the following is not loans liability source in tally

a. Bank a/c
b. Bank overdraft
c. Secured loan
d. Unsecure loan

111) Bank OCC a/c holder can have cash credit facility from against its stock and receivable
a. True
b. False

112) Term loan come under unsecure loan

a. True
b. False

113) Debenture is security provided by borrow

a. True
b. False

114) Job costing is used to track all the expenses and incomes for a project create as a cost
centre
a. True
b. False

115) Job costing is combination of cost centre and inventory godown.

a. True
b. False

116) Job costing cannot be used to determine the true cost of each job broken down by location
a. True
b. False

117) Job costing can be used to track overhead cost by allocating them for each job
a. True
b. False

118) In job costing tracking transfer of material from one godown to another godown is
impossible
 a. True
b. False

119) Job costing is a specific order costing, which applies to a job or a project undertaken
according to a customer’s requirement an specifications
a. True
b. False

120) Using __________ locate the cost of expenses for a project

a. Godown
b. Cost centre
c. cost expenses
d. all of the above

121) __________ is dedicated to specific jobs

a. Price list
b. Zero value entry
c. Godown
d. Actual and bullet

122) Through ________ we can transfer stocks from one project to another project
a. Sales
b. Delivery note
c. Manufacturing journal
d. Stock journal

123) The __________ key is used to view the comparative job work analysis report
a. F12 configuration
b. Alt + C
c. F11 features
d. Alt + N

124) Job costing is used to determine the actual cost for each job based on the __________
a. Raw material
b. Location
c. Cost
d. Expenses

125) The company code field is included in all the provident fund codes of the company allotted
by the department
a. True
b. False

126) In salary details alteration screen, the pay head type, calculation type and computed on
columns will display information based on the pay head selected
a. True
b. False
127) To define salary detail for the accounts department, go to gateway of tally > payroll info >
salary detail > employee category > select accounts department
a. True
b. False

128) Which of the following cannot be a correct way to define salary details for employees?
a. Gateway of tally > payroll info > employee salary > details define
b. Gateway of tally > payroll info > salary define > select employee name
c. Gateway of tally > payroll info > employee group alter > say yes to define salary
details
d. Gateway of tally > payroll info > employee alter > select employee > say yes to
define salary details

129) In tally, salary details can be created for an employee group and then can be copied for all
the employees within that group
a. True
b. False

130) Copy option will appear if the option ‘allow copy from employees F12 salary details
configuration’ is set yes from salary details alteration screen
a. True
b. False

131) The provident fund reports are subdivided into ________ and __________ based on the
period
a. Quarterly and half year
b. Quarterly and annual
c. Monthly and quarterly
d. Monthly and annual

132) PF form 5 is a report with the details of the employees newly joining the provident fund
schedule during the given month
a. Monthly
b. Quarterly
c. Half yearly
d. Annual

133) PF ________ is a monthly report that provides the details of the employees exiting from the
provident fund scheme during the given month
a. Form 5
b. Form 10
c. Form 12A
d. E challan return

134) ESI form 3 is a return of declaration form to be submitted each month with the details of the
employees falling in the purview of ESI during the given month
 a. True
b. False

135) ESI monthly statement is an MIS report which provides the details of the accounts
contributed by employees and employers towards the ESI accounts in the current year
a. True
b. False

136) To view the ESI form 3, go to Gateway of tally > Display > payroll report > statutory reports >
_________ > form 3
a. Employee state insurance
b. Payroll reports
c. Both a & b (correct answer)
d. None of the above

137) ESI form 5 is a return contribution form to be submitted half yearly with details of employee
wise ESI contribution made on a monthly basis
a. True
b. False

138) ESI form 6 is register of employs falling under the purview of ESI with detailed annual
information
a. True
b. False

139) Income tax is levied on personal income

a. True
b. False

140) Service tax is a tax payable, and enacted by the union budget for every assessment year on
the total income earned in the previous year by every person
a. True
b. False

141) The government of India imposes income tax on the income of all person
a. True
b. False

142) All person who are considered as an assessee when there income exceeds the maximum
exemption in their prescribed limit. Income tax will be levied at the prescribed rates according
to the finance act.
a. True
b. False

143) In tally, income tax pay head comes under employee statutory contribution
a. True
b. False
144) Transport allowance is provided for travelling expenses incurred between residence and
place of duty
a. True
b. False

145) For income tax computation, the previous employers income and tax payment details are
not necessary for employees who join the middle of the year
a. True
b. False

146) Income tax value which is captured while processing salary has to be paid to employees.
a. True
b. False

147) To view the income tax report, go to gateway of tally > display > statutory reports >
income tax
a. True
b. False

148) The computation report displays the employee wise income tax computation details in the
form 16 format
a. True
b. False

149) In tally, you can activate the payroll feature by selecting ________
a. F11: features > F1: accounts
b. F11: features > F2: inventory
c. F11: features > F1: accounts & F2: inventory
d. F11: features > F3: statutory

150) Which of the following is/are used to calculate PF

a. Basic
b. Basic an HRA
c. Basic and DA
d. Basic, DA and HRA

151) Which of the following is the gross earning limit for ESI calculation
a. Rs. 10,000
b. Rs. 21,000
c. RS. 20,000
d. Rs. 15,000

152) The overtime is calculated based on the __________

a. Attendance
b. Leave without pay
 c. Production
d. All of the above

153) Which of the following is an EDLI contribution?

a. Employee’s earning
b. Employee’s statutory deduction
c. Employer’s statutory deduction
d. Employer’s others charges

154) Which of the following shortcut keys is used to create an attendance voucher?
a. Alt + F4
b. Ctrl + F4
c. Alt + F5
d. Ctrl + F5

155) Form 10 is used for _________

a. EPS
b. NPS
c. ESI
d. PF

156) Which of the following shortcut keys is used to create a payroll voucher?
a. Alt + F5
b. Ctrl + F5
c. Alt + F4
d. Ctrl + F4

157) Form 16 is used for __________

a. PF challan
b. TDS challan
c. TDS certificate
d. ESI challan

158) The path to define salary details is GWT > ________ salary details
a. Accounts info
b. Inventory info
c. Payroll info
d. Display

159) ITR – 1 is used for filling the ________ return

a. Business income
b. Income tax challan
c. Salary income
d. Agriculture income

160) Which of the following is related to the section 80D?

a. Income tax
 b. ESI
c. Gratuity
d. NPS

161) The pay head menu provides setup of various masters or configurations required for income
tax consumption
a. True
b. False

162) You can use the pay head configuration screen to configure the income tax component for
all existing pay heads.
a. True
b. False

163) The employee can provide the exemption and deduction details to the employer, and these
details can be entered in the system as employee declaration by from gateway of tally > payroll
info > income tax details > declarations
a. True
b. False

164) GSTR – 1 is a half yearly return that should be filed by every registered dealer
a. True
b. False

165) GSTR -1 contains details of all outward supplies

a. True
b. False

166) In GSTR, included in returns option display summary of included voucher report with the list
of voucher type count
a. True
b. False

167) In GSTR, not relevant for returns option displays summery of excluded vouchers report with
the transaction type-wise voucher count.
a. True
b. False

168) Press ctrl + I include transactions which are manually excluded by the user form the list of
included or uncertain transactions
a. True
b. False

169) To view status reconciliation report, go to gateway of tally > display > statutory reports >
GST > GSTR – 1
a. True
b. False
170) Click ctrl + U to view status reconciliation screen from GSTR1
a. True
b. False

171) In status reconciliation screen, uploaded column is automatically updated when a voucher is
exported to GSTR – 1 return file
a. True
b. False

172) In status reconciliation screen, you can mark the status as rejected when the buyer rejects
the voucher details as displayed in the GSTR – 1A
a. True
b. False

173) In status reconciliation screen, you can mark the status as accepted when input tax claim is
made by the government in the GSTR – 1A
a. True
b. False

174) To use only one payment method during POS voucher entry, switch to ________ mode
a. Cash register
b. Journal voucher
c. POS receipt
d. Single mode payment

175) To accept the coupons voucher for POS invoicing ________ is used in Tally
a. Coupon voucher
b. Gift voucher
c. Gift coupon
d. Reward voucher

176) To use POS function in tally _______ option is set

a. Use for POS invoicing
b. Use for desk invoicing
c. Use for counter invoicing
d. Use for instant invoicing

177) In Tally.ERP 9 the POS voucher is grouped under ________ voucher type
a. Sales
b. Purchase
c. Journal
d. Contra

178) In tally, in the single mode payment for POS voucher entry ________ is the mode for
payment
a. Cheque
 b. Online payment
c. Cash
d. Refund

179) Bank reconciliation statement is __________

a. Part of bank statement
b. Part of cash book
c. A separate statement
d. A sub-division of journal

180) You can enable the cheque pronation option from the bank ledger screen
a. True
b. False

181) The job costing feature allows you to compare the ________ of different jobs in a single
screen
a. Profit
b. Inventory
c. Consumption
d. Expenses

182) The job costing feature cannot track the quantity of different materials used from different
godowns
a. True
b. False

183) Job costing is used to determine ________ for a given job. Based on this, the profits is
calculated for the job
a. Revenue and expenditures
b. Raw material and labour cost
c. Sales and purchase amount
d. Revenue and sales amount

184) Job costing is applied to a job undertaken based on the customer’s requirement an
specifications
a. True
b. False

185) Tally generates instant cost assessment and analytical reports at various stages of
processing and manufacturing
a. True
b. False

186) In tally, for job order processing it is difficult to track inventory

a. True
b. False
187) Job work also involves tracking of dispatch raw material, receiving an analyzing the variance
quantity for the effective executive of the manufacturing process at the job work location
a. True
b. False

188) Job work refers to the process of placing orders of only semi-finished goods to job workers
a. True
b. False

189) In tally, job order processing can ensure optimum utilization of material only
a. True
b. False

190) Job work in order takes place when a company receives job work from third party
a. True
b. False

191) Go to GWT > display > job work > job work in reports to view outstanding work in orders
report
a. True
b. False

192) “Third party stock with us?” means we are stealing stock items of a third party
a. True
b. False

193) A job worker records purchase invoice with finished goods out
a. True
b. False

194) Job work in process does not allow you to define BOM for finished goods
a. True
b. False

195) Material movement register allows you to check details of the finished good an raw material
a. True
b. False

196) The ‘Enable job order processing’ option is available _________

a. F11: features > F1: accounts
b. F11: features > F2: inventory
c. F11: features > F3: statutory
d. F11: features > F4: TSS

197) To show the manufacturing process, a new voucher type is created under ________
predefined voucher type
a. Delivery note
 b. Receipt note
c. Physical stock
d. Stock journal

198) Which of the following is the shortcut key for material in voucher?
a. Alt + J
b. Alt + W
c. Ctrl + J
d. Ctrl + W

199) Which of the following is the shortcut key for job work in order?
a. Alt + J
b. Alt + W
c. Ctrl + J
d. Ctrl + W

200) __________ is used to record the attendance and production data

a. Payroll unit
b. Employee group
c. Employee category
d. Attendance/production

201) Tax deduction and collection account number is a _______ digit code assigned to employees
a. 7
b. 8
c. 9
d. 10

202) The salary paid to an employees is computed based on work done by an employee which is
quantified using the ________
a. Inventory unit
b. Payroll unit
c. Salary details
d. None of above

203) Like inventory unit, payroll unit cannot be a compound unit

a. True
b. False

204) We can see employee category option in payroll info menu only if the option ‘maintain more
than one payroll or cost category’ is enable in F11 company features
a. True
b. False

205) A pay had can be an expense or liability from an employer’s view point
a. True
b. False
206) Which of the following is / are examples of deduction pay heads?
a. Employees provident fund
b. Professional tax
c. Income tax
d. All of the above

207) For each pay head, there can be a different calculation period.
a. True
b. False

208) If dearness allowance is 30% of the basic pay, specify ________ in the computer field while
dearness allowance pay head
a. Fix rate
b. On specified formula
c. As per government rate
d. Basic X 0.3

209) Every registered taxable person is required to give details of inward supply in GST-2
a. True
b. False

210) GSTR-2 contains details of all the purchases transactions of a registered dealer of a year
a. True
b. False

211) GSTR-2 does not include purchase on which reverse charge applies
a. True
b. False

212) The GSTR-2 filed by a registered dealer is used by the government to check with the sellers’
GSTR-1 for buyer-seller reconciliation
a. True
b. False

213) Once all of the transaction statuses are reconciled, generate the return in JSON format and
file the return
a. True
b. False

214) ___________ is a shortcut key to toggle between the return format and summary format
a. Ctrl + V
b. Alt + V
c. Alt + r
d. Ctrl + R
215) __________ shows all vouchers which are accepted without fixing the mismatch error in the
computed tax values.
a. Ctrl + A
b. Alt + A
c. Ctrl + M
d. Alt + M

216) You can record the statutory adjustment transaction (journal voucher) directly from the
GSTR screen
a. True
b. False

217) Which of the following shortcut key is used to export the GSTR report?
a. E
b. Ctrl + E
c. Alt + E
d. Alt + P

218) Which of the following shortcut key is used to open the GST portal from the GSTR screen?
a. Ctrl + M
b. Ctrl + O
c. Alt + O
d. Alt + R

219) The ledger for transport is created under which accounting group?
a. Sundry debtor
b. Sundry creditor
c. Indirect expenses
d. Direct expenses

220) Which of the following is mandatory if a transporter is not GST registered?

a. PAN
b. Mobile number
c. Transporter ID
d. Bank account number

221) Assume a company used its own vehicle to transport goods. Which of the following is
mandatory while recording the transport details for a sales invoice
a. Transporter ID
b. Your PAN
c. Your GSTIN
d. Vehicle number

222) It is okay to the transporter ID and date and not the vehicle registration number
a. True
b. False
223) Which of the following have a single asterisk mark?
a. Mandatory fields
b. Mandatory fields if the mode of transport is road
c. Mandatory fields if the mode of transport is air
d. Optional fields

224) Effective from 1st April 2018, all registered dealers need to generate e-way bill for the
movement of goods if the total of taxable value and tax amount in the invoice exceeds
__________
a. Rs. 25000
b. Rs. 50000
c. Rs. 10000
d. Rs. 150000

225) Enable e-way bill setup in tally from _________

a. F11: features > F1: accounts
b. F11: features > F2: inventory
c. F11: features > F3: statutory
d. F12: configuration

226) You have to mention e way bill threshold limit during every voucher entry
a. True
b. False

227) “e-Way bill applicable for intrastate?” is visible only for states which it is applicable
a. True
b. False

228) Transporter ID is a __________ digit number

a. 14
b. 15
c. 16
d. 17

229) You can connect only one company through Tally. Net
a. True
b. False

230) By default, the Tally. Net user is authorized in the capacity of a/an _________ who has
restricted access to the company data
a. Auditor
b. Data entry operator
c. System administrator
d. All of the above

231) Tally. Net allows you to connect companies form Tally. ERP 9 an helps you to create and
maintain remote users
 a. True
b. False

232) Tally. Net is a/an ________ feature that provides a host of capabilities
a. Optional
b. Additional
c. Default
d. All of the above

233) _________ is a framework which works in the background and provides a broad range of
service using the internet
a. Tally. ERP 9
b. Tally. Net
c. Tally. 5.4
d. Tally 6.3

234) Data is synchronized using ________, which connects the client and server
a. Cloud server
b. Company email
c. Tally.net server
d. Company website

235) The ________ features allows you to manually export any data into XML format when doing
data synchronization
a. Export data
b. Export snapshot
c. Import snapshot
d. Export in PDF

236) When online synchronization is performed using Tally. Net server, _________ acts as a
bridge or a connection between the server and the client company
a. Tally. Net server
b. Company server
c. Cloud server
d. Company email

237) In online synchronization, it is necessary to connect the server company to the Tally.net
server after configuration of server, client and TSS
a. True
b. False

238) After connecting the company to the Tally.net server, we should create synchronization
rules on the server
a. True
b. False

239) SMS stand for __________

 a. Simple message sending
b. Short message services
c. Simple message services
d. Short message sending
240) We can access SMS without configuring the security control feature
a. True
b. False

241) To register a mobile number for SMS, for gateway of tally, you have to open __________
a. Support centre
b. Control centre
c. Help centre
d. Tally solution office

242) It is not mandatory to register the mobile number before connecting a company to TSS
a. True
b. False

243) The ________ shortcut key is used to access the TSS feature
a. F11 > F1
b. F11 > F2
c. F11 > F3
d. F11 > F4

244) The _______ shortcut key from gateway of tally is used to synchronize the selected rules
(Mater/transaction)
a. Ctrl + O
b. Alt + O
c. Ctrl + Y
d. Alt + Y

245) The __________ shortcut key is used to get the synchronize rule information in the client
rule alteration screen
a. Alt + R
b. Ctrl + R
c. Alt + S
d. Ctrl + S

246) The short cut key is used from gateway of Tally to connect a company
a. Ctrl + F4
b. Alt + F4
c. F4
d. Shift + F4

247) The ________ shortcut key from gateway of tally is used to disconnect a company
a. Ctrl + F4
b. Alt + F4
 c. F4
d. Shift + F4

248) The ________ shortcut key from gateway of tally is used to synchronize data for a company
a. Ctrl + O
b. Alt + O
c. F4
d. Alt + F4