COMPUTERIZED ACCOUNTING WITH TALLY SOLVED MCQs- B. COM. SEMESTER II-COMPUTERIZED ACCOUNTING MCQ-

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 B. COM. SEMESTER II-COMPUTERIZED ACCOUNTING MCQ-

COMPUTERIZED ACCOUNTING WITH TALLY SOLVED MCQs- B. COM. SEMESTER II-COMPUTERIZED ACCOUNTING MCQ-


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PART-III

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51. Which option is used to enable VAT, TDS, and Service Tax etc. in Tally?

A. Accounting Features


B. Statutory & Taxation


C. Inventory Features


D. None of these


ANSWER

B.Statutory & Taxation



52. Which key is used to post entry in Debit Note in tally?

A. F7


B. F8


C. Ctrl+F9


D. Ctrl+F8


ANSWER

C.Ctrl+F9


53. Which key is used to post entry in Debit Note in Tally?

A. F8


B. F9


C. Ctrl+F8


D. Ctrl+F9


ANSWER

C.Ctrl+F8



54. Which of the following equation is true for balance sheet?

A. Assets = Liabilities +Capital


B. Liabilities = Assets – Capital


C. Capital = Assets – Liabilities


D. All of these


ANSWER

D.All of these


55. Which shortcut key is used to view Report with all details in Tally?

A. F1


B. Alt + F1


C. F3


D. Alt + F2


ANSWER

B.Alt + F1


56. How many options related to Company Features are there in F11: Features in Tally?

A. 3


B. 2


C. 4


D. 5


ANSWER

A.3


57. Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.?

A. Lts.


B. Nos.


C. Kgs.


D. Box.


ANSWER

C.Kgs.


58. Which shortcut key is pressed to display Part No. for automobile industries?

A. F1


B. F2


C. F11


D. F12


ANSWER

D.F12


59. Which option is used to view Trial Balance from Gateway of Tally?

A. Gateway of Tally→ Reports → Trial Balance


B. Gateway of Tally→ Trial Balance


C. Gateway of Tally→ Reports → Display → Trial Balance


D. None of these


ANSWER

C.Gateway of Tally→ Reports → Display → Trial Balance


60. Which option is true for viewing Profit & Loss A/C in Gateway of Tally?

A. Gateway of Tally→ Reports → Profit & Loss A/C


B. Gateway of Tally→ Display → Profit & Loss A/C


C. Gateway of Tally→ Account Books → Profit & Loss A/C


D. None of these


ANSWER

A.Gateway of Tally→ Reports → Profit & Loss A/C


61. What percent of additional Tax is applied in VAT is 4%?

A. 1%


B. 4%


C. 2.5%


D. 1.5%


ANSWER

B.4%


62. What percent of Additional Tax is applied if VAT in 12.5%?

A. 1%


B. 2.5%


C. 4%


D. 1.5%


ANSWER

B.2.5%


63. Which shortcut key is used to enable Value Added Tax?

A. F1


B. F5


C. F11


D. F12


ANSWER

C.F11


64. Which shortcut key is pressed to set ‘Yes’ in “Allow Selection of VAT/Tax class duringentry?”

A. F11


B. F12


C. F3


D. F5


ANSWER

B.F12


65. Which group [Under] is selected in Input VAT or Output VAT?

A. Duties & Taxes


B. Indirect Expenses


C. Direct Expenses


D. Sundry Creditors


ANSWER

A.Duties & Taxes


66. Which group [Under] is selected in Input Additional Tax or Output Additional Tax?

A. Direct Expenses


B. Indirect Expenses


C. Duties & Taxes


D. Sundry Creditors


ANSWER

C.Duties & Taxes

 

 

67. Which shortcut key is pressed to create a new Ledger during voucher entry?

A. Alt + C


B. Alt + X


C. Alt + D


D. Alt + A


ANSWER

A.Alt + C


68. Which shortcut key is pressed for voucher entry or deleting a ledger?

A. Alt + A


B. Alt + C


C. Alt + X


D. Alt + D


ANSWER

D.Alt + D


69. By default, which mode is on in Purchase and Sales voucher?

A. Norma Mode


B. Item Invoice Mode


C. Particulars Mode


D. None of these


ANSWER

B.Item Invoice Mode


70. Which step is followed to view Purchase Register?

 

A. Gateway of Tally→ Display → Sales Register


B. Gateway of Tally→ Account Books → Sales Register


C. Gateway of Tally→ Display → Account Books → Purchase Register


D. None of these


ANSWER

C.Gateway of Tally→ Display → Account Books → Purchase Register


71. By which report we can come to know if VAT is payable or refundable.

A. E-VAT forms


B. VAT Computation


C. VAT forms


D. None of these


ANSWER

B.VAT Computation


72. Which will be group of VAT Adjustment ledger?

A. Indirect Expenses


B. Indirect Incomes


C. Duties & Taxes


D. None of these


ANSWER

C.Duties & Taxes


73. TDS is applied on which of the following incomes?

A. Commission of lottery ticket


B. Professional Fee


C. Salary Income (Contract)


D. All of these


ANSWER

D.All of these


74. On which of the following incomes TDS in not applied?

A. Advertisement Income


B. Cable Operator


C. Rent income from land or home


D. Insurance Commission


ANSWER

B.Cable Operator


75. According to law who has to pay TDS to the Income Tax Department?

A. Service Receiver


B. Service Receiver


C. Service Provider and Service Receiver both


D. There is no such provision


ANSWER

B.Service Receiver


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PART-IV

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76. What is the TDS exemption limit for contractor and sub-contractor?

A. 5000


B. 10000


C. 20000


D. 50000


ANSWER

C.20000


77. What is the TDS exemption limit for professional fees like Audit fees, Consultancy fees,Training fees?

A. 15000


B. 20000


C. 25000


D. 50000


ANSWER

B.20000


78. Which shortcut key is used to enable Tax Deducted at Source [TDS]?

A. F9


B. F11


C. F12


D. Alt + F12


ANSWER

B.F11


79. Which step is appropriate to view TDS Nature of Payment?

A. Gateway of Tally→ Display → TDS Nature of Payment


B. Gateway of Tally→ Statutory Info. → TDS Nature of Payment


C. Gateway of Tally→ Display → Statutory Info. → TDS Nature of Payment


D. none


ANSWER

C.Gateway of Tally→ Display → Statutory Info. → TDS Nature of Payment

80. Which group [Under] should be selected for TDS on Advertisement A/C?

A. Indirect Expenses


B. Duties & Taxes


C. Indirect Incomes


D. Sundry Creditors


ANSWER

B.Duties & Taxes


81. Which group [Under] should be selected for TDS on Professional or Technical ServicesA/C?

A. Indirect Expenses


B. Indirect Incomes


C. Duties & Taxes


D. None of these


ANSWER

C.Duties & Taxes


82. In which voucher type entry is done for TDS calculations?

A. F5:Payment


B. F6:Receipt


C. F7:Journal


D. F4:Contra


ANSWER

C.F7:Journal


83. In which voucher type, amount of VAT or TDS payable to the government will be noted?

A. F5:Payment


B. F4:Contra


C. F6:Receipt


D. F7:Journal


ANSWER

A.F5:Payment


84. Amount payable as TDS can be known by which report in Tally?

A. Computation


B. E-Return


C. Print Form 16A


D. Form-26


ANSWER

A.Computation


85. Which shortcut key is used to take print of VAT or TDS reports?

A. Ctrl + P


B. Shift + P


C. Alt + P


D. Ctrl + Alt + P


ANSWER

C.Alt + P


86. Which is the shortcut key to zoom TDS Challan?

A. Alt + P


B. Alt + Z


C. Ctrl + Z


D. Ctrl + Alt + Z


ANSWER

B.Alt + Z


87. Which website should be visited to get any information related to TDS?

A. www.income tax.gov.in


B. www.incometax india.gov.in


C. www.tdsindia.gov.in


D. www.incometax india.org.in


ANSWER

B.www.incometax india.gov.in


88. Which option is used to print From 16A of TDS?

A. Gateway of Tally→ StatutoryReport → Return → Print Form 16A


B. Gateway of Tally→ Return → Print Form 16 A


C. Gateway of Tally→ TDS Reports → Return → Print Form 16 A


D. Gateway of Tally→ Display → Statutory Report → TDS Reports → Return → Print


ANSWER

D.Gateway of Tally→ Display → Statutory Report → TDS Reports → Return → Print


89. Which shortcut key is used to set No in ‘Use Common Ledger A/c for Item Allocation?’

A. Alt + F11


B. F11


C. Alt + F12


D. F12


ANSWER

D.F12


90. Which option is selected for different types of VAT entries in Purchase Invoice or SalesInvoice?

A. Applicable VAT


B. Not Applicable


C. Not Applicable VAT


D. No Applicable


ANSWER

B.Not Applicable


91. Which of the following is not compulsory to create while entry in Accounts with Inventory?

A. Stock Groups


B. Stock Items


C. Stock Categories


D. Units of Measure


ANSWER

C.Stock Categories


92. Which reports are prepared monthly in Tally?

A. Profit & Loss A/C


B. Balance Sheet


C. Trial Balance


D. Cash Flow of Funds Flow


ANSWER

C.Trial Balance


93. VAT Structure is beneficial for whom?

A. Trader


B. Balance Sheet


C. Trial Balance


D. Cash Flow or Funds Flow


ANSWER

D.Cash Flow or Funds Flow


94. By which option Purchase or Sales register can be viewed?

A. Statutory Books


B. Inventory Books


C. Accounts Books


D. Display


ANSWER

C.Accounts Books


95. Which option is used to view Stock Items or Group Summary?

A. Accounts Books


B. Inventory Books


C. Statutory Books


D. Display


ANSWER

B.Inventory Books


96. Which option is used to view VAT or TDS computation?

A. Accounts Books


B. Statutory Books


C. Display


D. Inventory Books


ANSWER

B.Statutory Books


97. Financial year normally ends no?

A. 30 April


B. 31 March


C. 1 April


D. 31 December


ANSWER

B.31 March


98. Default invoice mode is on for Sales or Purchase entry. Which key should be pressed forentry of sales or Purchase as a voucher?

A. Alt + V


B. Ctrl + V


C. Alt + F8


D. Alt + F9


ANSWER

B.Ctrl + V


99. We can change the Company Information from

A. Company Info > Back up


B. Company Info > Alter


C. Company Info > Split Company Data


D. None of these


ANSWER

B.Company Info > Alter


100. Company Restore option is available in

A. Company Features


B. Company Information


C. Configuration


D. None of these


ANSWER

B.Company Information

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