Advance Tally ERA TAC Questions
1.
A Cost Centre
Can Be Grouped
Under Another Cost Center
Answer:-True
2.
You
Will Find A Predefined Cost Category When You Enable
The Cost Centre
Future In Tally Erp-9
Answer:-True
3.
A Cost Center
Facilities Three Dimentional
Reporting Of Expenditure
And Revenue Which Of The Following Is Not An Example Of A Cost Category
Answer:-Salary Wise
4.
The
Sales Team Of The Company
Began Customer Visits
For Giving Demonstration
Of Same Software
The Company Provided
Rs 2500 Towards
The Tr
Answer:-portation
5.
The
Food Expenses Out Of This Rs 15000 Are Allocated
For Gita And Rs 10000 For Sita Identify The Cost Centers
And Cost Category
For The Above Example.
Answer:-Employee As Cost Category
Geeta And Seeta As Cost Center
6.
A Cost Category
Facilitates Three Dimentional
Of Expenditure And Revenue Which Of The Following Is Not An Example Of A Cost Category
Answer:-Salary Wise
7.
From
The Cost Category
Summary Report Below You Can Understand That In This Company There Are More Cost Categories
Other Than Predifined
Cost Ones
Answer: – 2
8.
Read
And Understand The Reports Shown In The Image Below Now , Find Out The Total Expensess And For The Sales Department
Cost Category Select
The Correct Answer:
-Option
Answer: – 2500
9.
The
Cost Expenses Of Rs.40, 000 Is Allocated
To Cost Center.
Refer To The Image Below To Identify
The Cost Centre.
Answer: – Junior
10.
From
The Cost Category
Summary Report Below You Can Understand That In This Company There Are More Cost Categories
Other Than Predifined
Cost Ones
Answer: – 2
11.
Q. 10 Under Method Interest
Is Charged On Principal Amount
Along With Interest.
Answer: -Compund
Interest
12.
Refer
To The Screenshot
Below And Answer:-wer
The Following Questions.
The Interest Parameters
Shown In The Above Figure
Is Related To Interest Calculation
Mode.
Answer:-Advanced Prameters
13.
The
Interest Parameters Screen
Clearly Shows Compound
Interest Calculations.
Answer:-False
14.
To Record Interest
Income On Receivable
Amount, User Need To Record
Entry Using Voucher
Class Under Voucher.
Answer:-Debit Note
15.
The
Interest Style Is Used For The Example
Shown In The Above Screenshot.
Answer:-365 Days Years
16.
The Interest
Rate Of 15.5% Shown In The Above Screenshot Is For Debit Balances Only.
Answer:-True
17.
Refer
To The Screenshot
Below And Answer:-wer
The Following Questions. The Screenshot
Shown Above Is The Screen.
Answer:-Class Creation
18.
The
Si Class Shown Above Is For Interest
Calculation.
Answer:-True
19.
The
Example Shown Above Is An Example Of Class For .
Answer:-Simpe Interest
Calculation
20.
For
The Example Shown In The Above Screenshot,
If You Set ‘Accounts To Be Treated
As Compound Interest’
To Yes, Then The Simple
Interest Class Will Calculate Compound
Interest.
Answer:-True
21.
In The Above Example, The Simple Interest
Class Is Created
In The Debit Or Credit
Note To Enable
Interest Calculation.
Answer:-True
22.
To Activate Interest
Calculation In Simple
Mode Or With Simple Parameter
From Gwt, Press And Enable
‘Activate Interest Calculation
‘From Accounts Feature.
Answer:-F 11: Features
23.
To Activate Interest
Calculation In Advanced
Mode Or With Advanced Parameter
From Gwt, Press F11: Features
> F1: Accounts>
Disable ‘Activate Interest
Calculation’ And Enable
Use Advanced Parameters.
Answer:-False
24.
The
Main Difference Between
Simple Mode Interest
Calculations And Advanced
Mode Interest Calculations
Is
Answer:-Simplemode Requires
Minimum Configuration For Interest Calculation
Where As Advanced
Mode Is Used When Interest
Rate Changes Periodically
25.
In The Books Of Omega Silk, Bank Reconciliations And Voucher Dates Are Different.
We Cannot Calculate
Interest On Outstanding
Balance Of Bank Account By Considering Bank Reconciliation Date In Tally.
Answer:-False
26.
To Calculate Interest
On Outstanding Balances
Of Bank Account
As Per Bank Dates, Set Option To Bank/Reco Date In Interest
Parameters Screen.
Answer:-Calculate Interest
Based On
27.
Refer
To The Screenshot
Below And Answer:-wer
The Following Questions.
The Above Screenshot
Shows The Budget
Created For
Answer:-Ledger
28.
The
Above Screenshot Shows The On Net TrAnswer:-actions Budget
Type.
Answer:-True
29.
The
Budget Set For The Advertisement
Ledger Is Rs. .
Answer:-5,00,000
30.
The
Shortcut Key Is Used To View Budget
Variance Report In The Trial Balance.
Answer:-Alt + B
31.
If The ‘Maintain
Budgets And Controls’
Feature Is Enabled
In The Accounting
Features Screen Then The Budget
Variance Report Is Available Even Though No Budget Was Created.
Answer:-False
32.
The
Ratio Analysis Report
Is Divided Into And
Answer:-Principle Ratios
And Principle Groups
33.
The
Nett Working Capital
Is Calculated By Subtracting Current
Liabilities From .
Answer:-Current Assets
34.
As Per Accounting
Standard-3, Cash Flow Is Classified
Into Which Activities?
Answer:- All Of The Above
35.
The
Cash Flow Statement
Is Based On Which Accounting
Type?
Answer:- Credit
Basis Of Accounting
36.
In Which Statement
Is The Working
Capital Statement Prepared?
Answer:- Funds Flow Statement
37.
Tax
Deducted At Source
(Tds) Is An Indirect Tax Collected At The Prescribed
Rate From The Income Source.
Answer:- True
38.
Is One Of The Modes For Collecting
Income Tax At The Source.
Answer:- TDS
39.
To Create The Tds Nature
Of Payment, You Need To Go To Gateway Of Tally > Accounts Info. > Statutory
Info. > Tds Nature Of Pymts > Create.
Answer:- True
40.
In Tally, You Can Book Expenses By Recording The Voucher.
Answer:- Journal
41.
As Per The Income Tax Act, Every Corporate And Government Entity
Is Liable For Of Tds.
Answer:- Deduction
42.
If You Made The Payment
Through A Cheque
Then You Need To Create
The Nature Of Payment For Commission Expenses.
Answer:- True
43.
As Per The Income Tax Act, Every Corporate And Government Entity
Is Liable For Of Tds.
Answer:- Deduction
44.
Which
Form Is Required
To Submit The Tds Details
For All Payments?
Answer:- Form 26 Q
45.
To Submit The Tds Details
For All Payments
Except For The Salaries Paid On Monthly
Basis, Form 26q Is Required.
Answer:- False
46.
In The Form 26q, Q Stands For Report.
Answer:- Quarterly
47.
Are
Special Journals That Are Automatically
Reversed After A Specified Date.
Answer:- Reversing
Journals
48.
Reversing
Journals Are Not Posted To Any Books Of Accounts
And Cannot Be Included In Regular Reports.
Answer:- True
49.
Reversing
Journals And Memorandum
Vouchers Are Predefined
Accounting Vouchers Included
In Tally.Erp.
Answer:- False
50.
To Activate Reversing
Journal, Go To F11:Company Features
And Then F1: Accounting Features
And Set To Yes.
Answer:- Use Reversing Journal
& Optional Voucher
51.
To View Reversing
Journal Register, Go To Gateway
Of Tally> Display>
> Reversing Journals
Answer:- Exception
Reports
52.
When
Actual Spending Is More Than The Budget,
It Is Called
Answer:- Over Budget
53.
In Tally, The Difference Of Actual And Budgeted Are Available In The
Report.
Answer:- Budget
Variance
54.
In Ratio Analysis,
The Receivable Turnover
Ratio Displays The .
Answer:- Payment
Performance Of Debtors
55.
Which
Of The Following
Reports Provides A Critical Overview
Of The Company
Performance In The Form Of Ratios?
Answer:- Ratio Analysis
56.
Cash
Flow Statement Is Also Known As
Answer:- Both A & B
57.
The
Shortcut Key Used To Reconcile
A Challan Is .
Answer:- F5
58.
From
The Tcs Nature
Of Goods Creation
Screen, The Shortcut
Key Is Used To Select
A Predefined Tcs Nature Of Goods.
Answer:- Ctrl+C
59.
Under
Which Of The Following Section
Are Goods Defined
For Tcs?
Answer:- 206c(1)
60.
Which
Of The Following
Forms Is Used To File The Tcs Return?
Answer:- 27e
61.
You
Cannot Define Zero Percent As The Tcs Rate In Tally.
Answer:- False
62.
The
Option From Where Tan Registration
Number Can Be Provided In Ally.Erp 9 Is:
Answer:- Statutory
& Taxation
63.
The
Tcs Nature Of Goods Can Be Created
From .
Answer:- Account
Info > Statutory
Info
64.
For
The Tcs Nature
Of Goods Needs To Be Defined.
Answer:- Stock Item
65.
The
Tcs Challan Can Be Printed
From Voucher.
Answer:- Payment
66.
Can
Be Used To Reconcile The Tcs Payments.
Answer:- Challan
67.
A
Company Needs 10, 000 Usb Keyboards Each Month. The Company Decided
To Reorder Minimum
Of 5, 000 Usb Keyboards
Or The Quantity
Consumed In The Last 20 Days. Using This Information
And The Parameters
Shown In The Screenshot Below,
Define The Reorder
Parameter: Reorder Quantity
And Minimum Order Quantity.
Answer:- 10,000
& 5,000
68.
Refer
To The Screenshot
Below And Define
Advanced Parameters: Period
And Criteria For The Reorder
Levels Using The Reorder Quantity.
Answer:- 1 Month , Higher
69.
Refer
To The Screenshot
Below And Define
Advanced Parameters: Period
And Criteria For The Minimum
Order.
Answer:- 20 Days, Higher
70.
We Can Also Set Advanced
Parameters For The Reorder Levels
In Terms Of Weeks.
Answer:- True
71.
In Reorder Status,
Nett Available Balance
Is Equal To The Sum Of Closing
Quantity, Pending Purchase
Order And Sales Order Due.
Answer:- False
72.
It Is Possible
To Close A Sales Order Using The Delivery Note Voucher.
Answer:- True
73.
The
Shortcut Key Is Used To Pre-Close An Order From The
Order Details Screen.
Answer:- Ctrl+C
74.
To Pre-Close An Order Using The Delivery
Note Voucher, Press And
Set ‘Use Pre-Closure
Order Details’ To Yes.
Answer:- F:12 Configuration
75.
To Close A Full Or Partial Order Using The Sales/Purchase Voucher
Order, Press Ctrl + C.
Answer:- True
76.
You
Can Close A Complete Sales Order Only From The Sales Invoice.
Answer:- False
77.
Reorder
Level Is That Level Of A Stock Item On Which An Order Has To Be Placed.
Answer:- True
78.
A Reorder Level Is Important
To Have Sufficient
Stock To Fulfill
Customer Orders And At The Same Time Not To Have High Stock Unnecessarily.
Answer:- True
79.
Lead
Time For Suppliers
To Deliver Stock And Delivery
Time Specified By The Customer
Are Two Important
Points To Consider
While Setting Reorder
Levels.
Answer:- True
80.
The
Stock In Hand To Satisfy
Orders Is Not Important Point To Consider
While Setting Reorder
Levels.
Answer:- False
81.
Reorder
Level Can Be Defined In Either Simple
Mode Or Complex
Mode.
Answer:- False
82.
The
Profit Is Equal To , As Per The Item Cost Analysis
Report.
Answer:- Revenue-
(Cost- Balanceat Cost)
83.
A Loss In The Item Cost Analysis
Report Is Shown As The Amount Using .
Answer:- Round Brackets
84.
In The Balance
At Cost Column,
Nett Quantity Indicates
Quantity.
Answer:- Instock
85.
The
Item Cost Analysis
Report Is Only For A Specific Period.
Answer:- True
86.
The
Item Cost Analysis
Report Cannot Calculate
The Rate Per Price.
Answer:- False
87.
Item
Cost And Profit
Tracking Refers To Accumulation Of Costs And Revenue For A Particular
Quantity Of A Stock Item Across Various
Answer:- True
88.
Only Purchase
And Sales TrAnswer:-actions Can Be Tracked
And Subsequently Referred
In Any TrAnswer:-action.
Answer:- False
89.
Item
Cost Tracking Enables
Analysing The Running
Cost And Profitability
Of The Item Being Tracked
Through Manufacturing, Sales,
Purchase, And So On.
Answer:- True
90.
Item
Cost Tracking Helps You Effectively
Track And Ascertain
The Procurement Cost, Landing Costs,
Manufacturing Or Production
Costs, Order Cost Or Profit,
And Job Cost Or Profit.
Answer:- True
91.
Item
Cost Tracking Helps In Determining
Sale Price Of Finished Goods Based On The Costs Incurred Till Date And Overall Profitability.
Answer:- True
92.
Sanjay
Wants To Sell Goods At Different Rates To Old And New Customers. Which Tally Feature
Should He Use To Create
Different Rates?
Answer:- Price Level
93.
To Create A Price List In Tally,
From Gateway Of Tally, Select
.
Answer:- Inventory
Info.> Price List>
Create
94.
To Set ‘Separate
Discount Column On Invoice’, From Gateway Of Tally Select
.
Answer:- F11 : Features
> F2: Inventory
95.
The
Price List Is Same As The Price Level.
Answer:- False
96.
The
Price List Is Same As The Price Level.
Answer:- Multiple
97.
The
Pos Voucher Is Used As A .
Answer:- Sales Invoice
98.
The
Pos Voucher Is A Predefined
Voucher In Tally.
Answer:- True
99.
To Create A Pos Voucher,
From Gateway Of Tally, Select
.
Answer:- Inventory
Info.> Voucher Type
100.
You
Can Add The Declaration Text By Setting
To Yes.
Answer:- Set / Alter Pos
101.
How
Many Text Messages
Does Tally Allow You To Print On A Pos Invoice?
Answer:- Two
102.
In Tally.Erp 9 The Pos Voucher Is Grouped Under —— Voucher
Type
Answer:- Sales
103.
To Use The Pos Function
In Tally —– Option Is Set.
Answer:- Use For Pos Invoicing
104.
To Accept The Coupons Voucher
For Pos Invoicing
—– Is Used In Tally.
Answer:- Gift Voucher
105.
To Use Only One Payment
Method During Pos Voucher Entry,
Switch To ——— Mode.
Answer:- Single
Mode Payment
106.
In Tally, In The Single
Mode Payment For Pos Voucher
Entry —— Is The Mode Of Payment.
Answer:- Cash
107.
Bank
Reconciliation Statement Is The Comparison
Of A Bank Statement (Sent By Bank) With The (Prepared By Business).
Answer:- Cash Book
108.
The
Main Purpose Of Preparing A Bank Reconciliation Statement
Is
Answer:- To Identify Causes
Of Difference Between
Cash Book And Bank Statement
109.
Bank
Reconciliation Statement Is .
Answer:- A Separate Statement
110.
To Reconcile The Bank Statement
, Go To ‘Gateway Of Tally >
Ø Bank Reconciliation> Select
The Name Of The Required
Bank.
Answer:- Banking
111.
For
Auto Bank Reconciliation, On The ‘Bank Reconciliation’ Screen,
Press .
Answer:- Alt + B
112.
You
Can Print A Cheque Directly
From Tally.
Answer:- True
113.
You
Can Enable The Cheque Printing
Option From The Bank Ledger
Screen.
Answer:- False
114.
To Configure The Cheque Dimensions,
From Gateway Of Tally You Need To Select F11: Features>F1: Accounting
Features.
Answer:- False
115.
You
Can Set Only One Cheque
Book (Cheque Range)
In Tally.
Answer:- False
116.
Which
Of The Following
Shortcut Keys Is Used To Define The Cheque Dimensions?
Answer:- Alt + U
117.
LoAnswer:
-Are A Short Term Source
Of Finance.
Answer:- False
118.
Which
Of The Following
Is Not LoAnswer:
-Liability Source Of Finance In Tally.
Answer:- Bank A/C
119.
Bank Occ A/C Holder
Can Have Cash Credit Facility
From Against Its Stock And Receivable.
Answer:- True
120.
Term
Loan Come Under Unsecured Loan.
Answer:- False
121.
Debenture
Is Security Provided
By Borrower.
Answer:- True
122.
Job
Costing Is Used To Track All The Expenses And Incomes For A Project
Created As A Cost Centre.
Answer:- True
123.
Job
Costing Is A Combination Of Cost Centre
And Inventory Godown.
Answer:- True
124.
Job
Costing Cannot Be Used To Determine The True Cost For Each Job Broken
Down By Location.
Answer:- False
125.
Job
Costing Can Be Used To Track Overhead
Cost By Allocating
Them For Each Job.
Answer:- True
126.
In Job Costing
Tracking TrAnswer:-fer Of Materials From One Godown
To Another Godown
Is Impossible.
Answer:- False
127.
Job
Costing Is A Specific Order Costing, Which Applies To A Job Or A Project Undertaken
According To A Customer’s Requirements
And Specifications.
Answer:- True
128.
Using
– — -Locate
The Cost Of Expenses For A Project.
Answer:- Cost Centre
129.
——-
Is Dedicated To Specific Jobs.
Answer:- Godown
130.
Through
—— We Can TrAnswer:-fer Stocks
From One Project
To Another Project.
Answer:- Stock Journal
131.
The—–
Key Is Used To View The Comparative
Job Work Analysis
Report.
Answer:- Alt N
132.
Job
Costing Is Used To Determine
The Actual Cost For Each Job Based On The .
Answer:- Location
133.
Job
Costing Is Applied
To A Job Undertaken Based On The Customer’s Requirements
And Specifications.
Answer:- True
134.
Job
Costing Is Used To Determine
For A Given Job. Based On This, The Profit
Is Calculated For The Job.
Answer:- Revenue
And Expenditure
135.
The
Job Costing Feature
Cannot Track The Quantity Of Different Materials
Used From Different
Godowns.
Answer:- False
136.
The
Job Costing Feature
Allows You To Compare The Of Different
Jobs On A Single Screen.
Answer:- Expenses
137.
Job
Work Refers To The Process
Of Placing Orders
Of Only Semi- Finished Goods To Job Workers.
Answer:- False
138.
Job
Work Also Involves
Tracking Of Dispatch
Raw Materials, Receiving
And Analysing The Variance Quantity
For The Effective
Execution Of The Manufacturing Process
At The Job Work Location.
Answer:- True
139.
In Tally, Job Order Processing
Can Ensure Optimum
Utilisation Of Material
Only.
Answer:- False
140.
In Tally, For Job Order Processing It Is Difficult
To Track Inventory.
Answer:- False
141.
Tally
Generates Instant Cost Assessment And Analytical Reports
At Various Stages
Of Processing And Manufacturing.
Answer:-
True
142.
Job
Work In Order Takes Place When A Company Receives
Job Work From A Third Party.
Answer:- True
143.
Job
Work In Process
Does Not Allow You To Define Bom For Finished
Goods.
Answer:- False
144.
A Job Worker
Records Purchase Invoice
With Finished Goods Out.
Answer:- False
145.
“Third
Party Stock With Us?” MeAnswer:
-We Are Stealing
Stock Items Of A Third Party.
Answer:- False
146.
Go To Gwt>
Display>Job Work> Job Work In Reports To View Outstanding
Job Work In Orders Report.
Answer:- False
147.
Which
Of The Following
Is The Shortcut
Key For Job Work In Order?
Answer:- Alt+W
148.
Which
Of The Following
Is The Shortcut
Key For Material
In Voucher?
Answer:- Ctrl+W
149.
To Show The Manufacturing Process,
A New Voucher
Type Is Created
Under Predefined Voucher
Type.
Answer:- Stock Journal
150.
The
‘Enable Job Order Processing’ Option
Is Available In
Answer:- F11:Features>F2:Inventory
151.
Material
Movement Register Allows
You To Check Details Of The Finished
Good And Raw Material.
Answer:- True
152.
The
Company Code Field Is Included
In All The Provident Fund Codes Of The Company
Allotted By The Department.
Answer:- True
153.
Tax
Deduction And Collection
Account Number Is A — Digit Code Assigned To Employees.
Answer:- 10
154.
The
Salary Paid To An Employee
Is Computed Based On Work Done By An Employee
Which Is Quantified
Using The —–.
Answer:- Payroll
Unit
155.
Like
Inventory Unit, Payroll
Unit Cannot Be A Compound
Unit.
Answer:- False
156.
Is Used
To Record The Attendance And Production Data.
Answer:- Attendance
/ Production Type
156.
A
Pay Head Can Be An Expense Or Liability From An Employer’s
View Point.
Answer:- True
157.
Which
Of The Following
Is / Are Examples Of Deduction Pay Heads?
Answer:- All Of The Above
158.
For
Each Pay Head, There Can Be A Different Calculation
Period.
Answer:- True
159.
If Dearness Allowance
Is 30 % Of The Basic Pay, Specify —– In The Computer Field While Creating
The Dearness Allowance
Pay Head.
Answer:- On Specified Formula
160.
We Can See Employee Category
Option In Payroll
Info Menu Only If The Option ‘Maintain
More Than One Payroll Or Cost Category’
Is Enabled In F11 Company
Features.
Answer:- True
161.
In Salary Detail
Alteration Screen, The Pay Head Type, Calculation
Type And Computed
On Columns Will Display Information
Based On The Pay Head Selected.
Answer:- True
162.
To Define Salary
Details For The Accounts Department,
Go To Gateway
Of Tally> Payroll
Info> Salary Details>
Employee Category> Select
Accounts Department.
Answer:- False
162.1Which Of The Following
Cannot Be A Correct Way To Define Details For Employees?
Answer:- Gateway
Of Tally > Payroll Info > Employee
Salary > Details
Define
163.
In Tally, Salary
Details Can Be Created For An Employee
Group And Then Can Be Copied For All The Employees Within
That Group.
Answer:- True
164.
Copy
Option Will Appear
If The Option
‘Allow Copy From Employees F12 Salary Details
Configuration’ Is Set To Yes From Salary
Details Alteration Screen.
Answer:- True
165.
The
Path To View Payroll Statutory
Report Is Gateway
Of Tally> Display
> ——> Statutory
Report
Answer:- Payroll
Reports
166.
The
Provident Fund Reports
Are Subdivided Into —– And—– Based On The Period.
Answer:- Monthly
And Annual
167.
Pf Form 5 Is A —- Report
With The Details
Of The Employees
Newly Joining The Provident Fund Schedule During
The Given Month.
Answer:- Monthly
168.
Pf —- Is A Monthly
Report That Provides
The Details Of The Employees
Exiting From The Provident Fund Scheme During
The Given Month.
Answer:- Form 10
169.
Pf Form 12a Is A Monthly Report
That Provides The Details Of The Pf Payment Made To The Respective Pf Accounts Of The Employees
During The Given Month.
Answer:- True
170.
Esi
Form 3 Is A Return
Of Declaration Form To Be Submitted Each Month With The Details
Of The Employees
Falling In The Purview Of Esi During
The Given Month.
Answer:- True
171.
Esi
Monthly Statement Is An Mis Report Which Provides The Details Of The Amounts
Contributed By Employees
And Employer Towards
The Esi Account
In The Current
Year.
Answer:- False
172.
To View The Esi Form 3, Go To Gateway
Of Tally > Display > Payroll Reports
> Statutory Reports>
> Form 3
Answer:- Employee
State Insurance
173.
Esi
Form 5 Is A Return
Of Contribution Form To Be Submitted Half Yearly With Details Of Employee Wise Esi Contribution
Made On A Monthly Basis.
Answer:- True
174.
Esi
Form 6 Is Register Of Employees Falling
Under The Purview
Of Esi With Detailed Annual
Information.
Answer:- False
175.
Income
Tax Is Levied
On Personal Income.
Answer:- True
176.
Service
Tax Is A Tax Payable,
And Enacted By The Union Budget For Every Assessment
Year On The Total Income
Earned In The Previous Year By Every Person.
Answer:- False
177.
178
The Government Of India Imposes
Income Tax On The Income
Of All Persons.
Answer:- False
178.
All
Persons Who Are Considered As An Assessee
When Their Income
Exceeds The Maximum
Exemption In The Prescribed Limit.
Income Tax Will Be Levied
At The Prescribed
Rates According To The Finance
Act.
Answer:- True
179.
In Tally, Income
Tax Pay Head Comes Under Employee Statutory
Contribution.
Answer:- False
180.
TrAnswer:-port Allowance
Is Provided For Travelling Expenses
Incurred Between Residence
And Place Of Duty.
Answer:- True
181.
For
Income Tax Computation,
The Previous Employer
Income And Tax Payment Details
Are Not Necessary
For Employees Who Join The Organization In The Middle
Of The Year.
Answer:- False
182.
Income
Tax Value Which Is Captured
While Processing Salary
Has To Be Paid To Employees.
Answer:- False
183.
To View The Income Tax Reports, Go To Gateway
Of Tally > Display
Ø Statutory Reports
> Income Tax.
Answer:- False
184.
The
Computation Report Displays
The Employee-Wise Income
Tax Computation Details
In The Form 16 Format.
Answer:- True
185.
In Tally, You Can Activate
The Payroll Feature
By Selecting .
Answer:- F11: Features >F3:
Statutory
186.
Which
Of The Following
Is/Are Used To Calculate Pf?
Answer:- Basic And Da
187.
Which
Of The Following
Is The Gross Earnings Limit For Esi Calculation?
Answer:- Rs. 21,000
188.
The
Overtime Is Calculated
Based On The .
Answer:- Production
189.
Which
Of The Following
Is An Edli Contribution?
Answer:- Employer’s
Others Charges
190.
Which
Of The Following
Shortcut Keys Is Used To Create An Attendance Voucher?
Answer:- Ctrl+F5
191.
Form
10 Is Used For .
Answer:- Eps
192.
Which
Of The Following
Shortcut Keys Is Used To Create A Payroll Voucher?
Answer:- Ctrl+F4
193.
Form
16 Is Used For .
Answer:- Tds Certificate
194.
The
Path To Define
Salary Details Is Gwt> — → Salary
Details
Answer:- Payroll
Info
195.
Itr
– 1 Is Used For Filling The Return.
Answer:- Salary
Income
196.
Which
Of The Following
Is Related To The Section
80d?
Answer:- Income
Tax
197.
The
Pay Head Menu Provides Setup Of Various
Masters Or Configurations Required
For Income Tax Computation.
Answer:- False
198.
You
Can Use The Pay Head Configuration Screen
To Configure The Income Tax Component For All Existing
Pay Heads.
Answer:- True
199.
The
Employee Can Provide
The Exemption And Deduction Details
To The Employer,
And These Details
Can Be Entered
In The System
As Employee Declaration
By From Gateway
Of Tally > Payroll Info. > Income
Tax Details > Declarations.
Answer:- True
200.
Gstr-1
Is A Half Yearly Return
That Should Be Filed By Every Registered
Dealer.
Answer:- False
201.
Gstr-1
Contains Details Of All Outward
Supplies.
Answer:- True
202.
In Gstr, Included
In Returns Option
Displays Summary Of Included Vouchers
Report With The List Of Voucher-Types With Voucher Count.
Answer:- True
203.
In Gstr, Not Relevant For Returns Option
Displays Summary Of Excluded Vouchers
Report With The TrAnswer:-action Type-Wise
Voucher Count.
Answer:- True
204.
Press
Ctrl + I To Include
TrAnswer:-actions Which Are Manually Excluded
By The User From The List Of Included Or Uncertain TrAnswer:-
actions.
Answer:- False
205.
To View Status
Reconciliation Report, Go To Gateway
Of Tally > Display > Statutory Reports
> Gst > Gstr – 1.
Answer:- True
206.
Click
Ctrl+ U To View Status
Reconciliation Screen From Gstr1.
Answer:- False
207.
In Status Reconciliation Screen,
Uploaded Column Is Automatically Updated
When A Voucher
Is Exported To Gstr-1 Return
File.
Answer:- True
208.
In Status Reconciliation Screen,
You Can Mark The Status
As Rejected When The Buyer Rejects The Voucher Details
As Displayed In The Gstr-1a.
Answer:- True
209.
In Status Reconciliation Screen,
You Can Mark The Status
As Accepted When Input Tax Claim Is Made By The Government
In The Gstr- 1a.
Answer:- False
210.
Every
Registered Taxable Person
Is Required To Give Details
Of Inward Supply
In Gstr-2.
Answer:- True
211.
Gstr-2
Contains Details Of All The Purchases TrAnswer:-actions Of A Registered
Dealer For A Year.
Answer:- False
212.
Gstr
2 Does Not Include Purchases
On Which Reverse
Charge Applies.
Answer:- False
213.
The
Gstr-2 Filed By A Registered
Dealer Is Used By The Government To Check With The Sellers’
Gstr-1 For Buyer-Seller
Reconciliation.
Answer:- True
214.
Once
All The TrAnswer:-action Statuses
Are Reconciled, Generate
The Return In Json Format
And File The Return.
Answer:- True
215.
Is A Shortcut
Key To Toggle
Between The Return
Format And Summary
Format.
Answer:- Alt + V
216.
Shows
All Vouchers Which Are Accepted
Without Fixing The Mismatch Error In The Computed Tax Values.
Answer:- Ctrl + A
217.
You
Can Record The Statutory Adjustment
TrAnswer:-action (Journal Voucher)
Directly From The Gstr Screen.
Answer:- True
218.
Which
Of The Following
Shortcut Key Is Used To Open The Gst Portal
From The Gstr Screen?
Answer:- Ctrl + O
219.
Which
Of The Following
Shortcut Key Is Used To Export The Gstr Report?
Answer:- Ctrl + E
220.
The
Ledger For TrAnswer:-port Is Created Under Which Accounting
Group?
Answer:- Sundry
Creditor
221.
Which
Of The Following
Is Mandatory If A TrAnswer:-porter Is Not Gst Registered?
Answer:- TrAnswer:-porter Id
222.
Assume
A Company Used Its Own Vehicle To TrAnswer:-port Goods.
Which Of The Following Is Mandatory While Recording The TrAnswer:-port Details
For A Sales Invoice?
Answer:- Vehicle
Number
223.
It Is Okay To Fill The TrAnswer:-porter Id And Date And Not The Vehicle
Registration Number.
Answer:- True
224.
Which
Of The Following
Have A Single
Asterisk Mark?
Answer:- Mandatory
Fields
225.
Effective
From 1st April 2018, All Registered Dealers
Need To
Generate E-Way Bill For The Movement
Of Goods If The Total Of Taxable
Value And Tax Amount In The Invoice
Exceeds ——–.
Answer:- Rs. 50000
226.
Enable
E-Way Bill Setup In Tally From ——–.
Answer:- F11: Features>F3: Statutory
227.
You
Have To Mention
E Way Bill Threshold Limit During Every Voucher Entry.
Answer:- False
228.
“E-Way
Bill Applicable For Intrastate?” Is Visible Only For States
For Which It Is Applicable.
Answer:- False
229.
TrAnswer:-porter Id Is A _ Digit Number.
Answer:- 15
230.
You
Can Connect Only One Company
Through Tally.Net.
Answer:- False
231.
By Default, The Tally.Net User Is Authorized
In The Capacity
Of A/An Who Has Restricted
Access To The Company Data.
Answer:- Data Entry Operator
232.
Tally.Net
Allows You To Connect Companies
From Tally.Erp 9 And Helps You To Create And Maintain Remote
Users.
Answer:- True
233.
Tally.Net
Is A/An Feature
That Provides A Host Of Capabilities.
Answer:- Default
234.
Is A Framework
Which Works In The Background
And Provides A Broad Range Of Services
Using The Internet.
Answer:- Tally.Net
235.
The
Shortcut Key Is Used To Get The Synchronize Rule Information In The Client
Rule Alteration Screen.
Answer:- Alt+R
236.
The
Shortcut Key Is Used From Gateway Of Tally To Connect A Company.
Answer:- F4
237.
The
Shortcut Key From Gateway Of Tally Is Used To Disconnect A Company.
Answer:- Alt+F4
238.
The
Shortcut Key From Gateway Of Tally Is Used To Synchronize Data For A Company.
Answer:- Alt+O
239.
The
Shortcut Key From Gateway Of Tally Is Used To Synchronize The Selected Rules (Master/ TrAnswer:-action).
Answer:- Alt+Y
240.
Data
Is Synchronised Using , Which Connects The Client And Server.
Answer:- Tally.Net
Server
241.
The
Feature Allows You To Manually
Export Any Data Into Xml Format When Doing Data Synchronization.
Answer:- Export
Snapshot
242.
When
Online Synchronisation Is Performed Using Tally.Net Server,
The —– Acts As A Bridge Or A Connection
Between The Server
And The Client
Company.
Answer:- Tally.Net
Server
243.
In Online Synchronisation , It Is Necessary To Connect The Server Company
To The Tally.Net
Server After Configuration
Of Server, Client
And Tss.
Answer:- True
244.
After
Connecting The Company
To The Tally.Net
Server, We Should
Create Synchronization Rules On The Server.
Answer:- False
245.
Sms
Stand For
Answer:- Short Message Services
246.
We Can Access
Sms Without Configuring
The Security Control
Feature.
Answer:- True
247.
To Register A Mobile Number
For Sms, From Gateway Of Tally, You Have To Open .
Answer:- Control
Centre
248.
It Is Not Mandatory To Register The Mobile Number
Before Connecting A Company To Tss.
Answer:- False
249.
The
Shortcut Key Is Used To Access The Tss Feature.
Answer:- F11 > F4
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