TALLY OBJECTIVE QUESTIONS WITH ANSWERS

Q.1 Tally can be configured to be printed on A5 Paper
Ans TRUE
 
Q.2 By default the expiried batches do not appear in Sales
Ans TRUE
 
Q.3 Initial Investment done by the owner is grouped under
Ans CAPITAL ACCOUNT
 
Q.4 Actual Quantity and Billed Quantity can be Printed in Invoice
Ans TRUE
 
Q.5 Under Utilized Budgets for expenses will be shown with negative sign(-) in Budget
Ans FALSE
 
Q.6 To Create Compound Unit, we have to create Two Simple Unit
Ans TRUE
 
Q.7 On setting Zero Value Entries to "Yes" a stock item with zero route can be entered
Ans TRUE
 
Q.8 The Time Limit beyong which goods are not returned, the capital goods sent for job work shall be treated as Supply
Ans THREE YEARS
 
Q.9 The Ledger for Furniture and Electric Fitting is Grouped Under
Ans FIXED ASSETS
 
Q.10 To Create Budget from Gateway of Tally goto
Ans ACCOUNTS INTO > BUDGET > CREATE
 
Q.11 Enabled Cost Centers from Gateway of Tally
Ans F11 > F1 (Accounting Features)
 
Q.12 Any Registered Taxable Person who fails to furnish the details and file the return within the due date prescribed shall be liable to
Ans LATE FEE OF RS. 100/- FOR EVERY DAY UPTO RS. 5000/-
 
Q.13 In Tally The Trial Balance of two years can be viewed side by side
Ans TRUE
 
Q.14 In case of cash sales suppliers Name and Address can be selected by
Ans ALT + M (Party's List)
 
Q.15 To post the interest on outstanding receivable we use
Ans DEBIT NOTE
 
Q.16 If the purchase voucher is entered "As Invoice" and as "Accounting Invoice" the item details cannot be entered
Ans FALSE
 
Q.17 Packing List printing can be done along with Delivery Note
Ans FALSE
 
Q.18 The headquarters of GST council is
Ans NEW DELHI
 
Q.19 In Job Costing the Cost Center is associated with Godowns
Ans TRUE
 
Q.20 Balance in Electronic Credit Ledger under SGST can be used against which liability?
Ans SGST AND IGST
 
Q.21 We can have New Reference Method Bill wise Purchase Order
Ans FALSE
 
Q.22 The Sales Order will effect the Closing Stock
Ans FALSE
 
Q.23 The Code for Japanese Yen is
Ans 165
 
Q.24 List of Cleared Sales Bill can only be taken in Tally Prime
Ans FALSE
 
Q.25 Budget can be created on Closing Balance only
Ans FALSE
 
Q.26 Batch Numbers can be enabled in Tally Prime by
Ans F11 - Inventory Feature
 
Q.27 A TDS deducted should have
Ans PAN NUMBER only
 
Q.28 GST class cannot be given while creating sales ledger
Ans FALSE
 
Q.29 HSN code stands for
Ans Harmonized System of Nomenclature
 
Q.30 If budget of ABC electronics is set to Rs. 10,000/- then we cannot sell good worth Rs. 12,000/- to the party
Ans FALSE
 
Q.31 Cash is deposited at Bank then the Bank A/c is debited
Ans TRUE
 
Q.32 Reconciliation for Opening Balance cannot be done in Tally Prime
Ans FALSE
 
Q.33 If the year has 365 days and the budget is Rs. 365 then the budget per day will be...
Ans Rs. 1/-
 
Q.34 Who is considered as an E-Commerce operator, who ___________ digital or electronic facility or platform for electronic commerce
Ans ANY OF THE ABOVE
 
Q.35 A special voucher is to be created for Point of Sale in Tally Prime
Ans TRUE
 
Q.36 To Create Center Allocation class goto Gateway of Tally
Ans F11: F1 > Accounting Feature
 
Q.37 Balance in Electronic Credit Ledger under IGST can be used against which liability?
Ans IGST, CGST and SGST Liability
 
Q.38 A Report of Bills made but goods not delivered cannot be viewed in Tally Prime
Ans FALSE
 
Q.39 __________ is GST Finance Ministers First Panel Chairman
Ans AMIT MISHRA
 
Q.40 We can print Delivery Note from Tally Prime
Ans TRUE