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

 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