MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 2995 Mcqs, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 2151. |
To activate Job Costing which options require to be activated? |
| A. | Maintain Cost Centre |
| B. | Use Cost Centre for Job Costing |
| C. | Both a & b |
| D. | None of these |
| Answer» D. None of these | |
| 2152. |
In 1988 -------- product is renamed as Tally. |
| A. | Peutronics |
| B. | Calc |
| C. | Coral Softwares |
| D. | Vedika Softwares |
| Answer» B. Calc | |
| 2153. |
Which option is used to place data taken in pen drive or CD to Appropriate place inTally? |
| A. | Backup |
| B. | Restore |
| C. | Split Company Data |
| D. | None of these |
| Answer» C. Split Company Data | |
| 2154. |
Which option is selected from Company Info Menu to divide company data into twofinancial years? |
| A. | Change Tally Vault |
| B. | Alter |
| C. | Split Company Data |
| D. | New Company |
| Answer» D. New Company | |
| 2155. |
Which option is used to move from one company to another when more than onecompanies are open? |
| A. | Company Info. |
| B. | Shut Company |
| C. | Select Company |
| D. | Company |
| Answer» C. Select Company | |
| 2156. |
How many options related to Company Features are there in F11: Features in Tally? |
| A. | 3 |
| B. | 2 |
| C. | 4 |
| D. | 5 |
| Answer» B. 2 | |
| 2157. |
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» E. | |
| 2158. |
Latest version of Tally package is.... |
| A. | 8.1 |
| B. | 4.93 |
| C. | 8.1 |
| D. | 5.5.2 |
| Answer» E. | |
| 2159. |
What type of application software is Tally? |
| A. | Statistics package |
| B. | Spreadsheet package |
| C. | Accounting Package |
| D. | All of these |
| Answer» D. All of these | |
| 2160. |
Input Vat Credit on Capital goods should be defined under |
| A. | Capital Account |
| B. | Current Liabilities |
| C. | Duties & Taxes |
| D. | Misc. Expenses (Assets) |
| Answer» D. Misc. Expenses (Assets) | |
| 2161. |
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» D. Units of Measure | |
| 2162. |
VAT Structure is beneficial for whom? |
| A. | Trader |
| B. | Balance Sheet |
| C. | Trial Balance |
| D. | Cash Flow or Funds Flow |
| Answer» E. | |
| 2163. |
Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.? |
| A. | Lts. |
| B. | Nos. |
| C. | Kgs. |
| D. | Box. |
| Answer» D. Box. | |
| 2164. |
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» E. | |
| 2165. |
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» D. Sundry Creditors | |
| 2166. |
Which shortcut key is used to enable Tax Deducted at Source [TDS]? |
| A. | F9 |
| B. | F11 |
| C. | F12 |
| D. | Alt + F12 |
| Answer» C. F12 | |
| 2167. |
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» B. Alt + X | |
| 2168. |
Default invoice mode is on for Sales or Purchase entry. Which key should be pressedfor entry of sales or Purchase as a voucher? |
| A. | Alt + V |
| B. | Ctrl + V |
| C. | Alt + F8 |
| D. | Alt + F9 |
| Answer» C. Alt + F8 | |
| 2169. |
The Profit & Loss statement can be displayed in ----------- ----- format(s). |
| A. | Horizontal |
| B. | Vertical |
| C. | A or B |
| D. | None of the above |
| Answer» D. None of the above | |
| 2170. |
Which option is used to move from one company to another when more than one companiesare open? |
| A. | Company Info. |
| B. | Shut Company |
| C. | Select Company |
| D. | Company |
| Answer» C. Select Company | |
| 2171. |
Which will be group of VAT Adjustment ledger? |
| A. | Indirect Expenses |
| B. | Indirect Incomes |
| C. | Duties & Taxes |
| D. | None of these |
| Answer» D. None of these | |
| 2172. |
How many type of company can be created in tally? |
| A. | 2 |
| B. | 4 |
| C. | 1 |
| D. | None of these |
| Answer» B. 4 | |
| 2173. |
Which key is used to post entry in Debit Note in Tally? |
| A. | F8 |
| B. | F9 |
| C. | Ctrl+F8 |
| D. | Ctrl+F9 |
| Answer» D. Ctrl+F9 | |
| 2174. |
TDS deduction entry can be made through |
| A. | Payment Voucher |
| B. | Journal Voucher |
| C. | Receipt Voucher |
| D. | All of these |
| Answer» C. Receipt Voucher | |
| 2175. |
Which is the shortcut key to zoom TDS Challan? |
| A. | Alt + P |
| B. | Alt + Z |
| C. | Ctrl + Z |
| D. | Ctrl + Alt + Z |
| Answer» C. Ctrl + Z | |
| 2176. |
Which shortcut key is pressed to display Part No. for automobile industries? |
| A. | F1 |
| B. | F2 |
| C. | F11 |
| D. | F12 |
| Answer» E. | |
| 2177. |
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» B. F4:Contra | |
| 2178. |
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» D. none | |
| 2179. |
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» B. E-Return | |
| 2180. |
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» C. Indirect Incomes | |
| 2181. |
What is the TDS exemption limit for professional fees like Audit fees, Consultancyfees, Training fees? |
| A. | 15000 |
| B. | 20000 |
| C. | 25000 |
| D. | 50000 |
| Answer» C. 25000 | |
| 2182. |
What percent of additional Tax is applied in VAT is 4%? |
| A. | 1% |
| B. | 4% |
| C. | 2.5% |
| D. | 1.5% |
| Answer» C. 2.5% | |
| 2183. |
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» C. www.tdsindia.gov.in | |
| 2184. |
Which shortcut key is used to export data of any company in Microsoft Excel spreadsheet orin any other company? |
| A. | Alt+P |
| B. | Alt+E |
| C. | Alt+O |
| D. | Alt+S |
| Answer» C. Alt+O | |
| 2185. |
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» C. Not Applicable VAT | |
| 2186. |
To create Scenario which option requires to be activated? |
| A. | Use Rev Journal & Optional voucher in F12 |
| B. | Use Optional voucher in F11 |
| C. | Use Reversing voucher in F11 |
| D. | Use Rev journal & Optional voucher in F11 |
| Answer» E. | |
| 2187. |
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» D. None of these | |
| 2188. |
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» B. Gateway of Tally→ Display → Profit & Loss A/C | |
| 2189. |
A Group Company is ------------------------- given to the merged accounts of membercompanies of the group. |
| A. | a name |
| B. | an identity |
| C. | A and B |
| D. | None of the above |
| Answer» D. None of the above | |
| 2190. |
In which voucher type entry is done for TDS calculations? |
| A. | F5:Payment |
| B. | F6:Receipt |
| C. | F7:Journal |
| D. | F4:Contra |
| Answer» D. F4:Contra | |
| 2191. |
How many inbuilt Accounts group are in tally by default? |
| A. | 29 |
| B. | 31 |
| C. | 25 |
| D. | 34 |
| Answer» C. 25 | |
| 2192. |
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» C. Service Provider and Service Receiver both | |
| 2193. |
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» C. Inventory Features | |
| 2194. |
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» C. 25000 | |
| 2195. |
Which of the following is not compulsory to create while entry in Accounts withInventory? |
| A. | Stock Groups |
| B. | Stock Items |
| C. | Stock Categories |
| D. | Units of Measure |
| Answer» D. Units of Measure | |
| 2196. |
Which shortcut key is used in ‘Company Features’ Screen to use Statutory & Taxationin Tally? |
| A. | F3 |
| B. | F4 |
| C. | F2 |
| D. | F1 |
| Answer» B. F4 | |
| 2197. |
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» D. None of these | |
| 2198. |
What is the full form of TCS? |
| A. | Tax Collected by Staff |
| B. | Tax Consumption at Source |
| C. | Tax Collected at Source |
| D. | Tax Collected from Sales |
| Answer» D. Tax Collected from Sales | |
| 2199. |
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» E. | |
| 2200. |
Which shortcut key is pressed and then ‘yes’ is given in “Use Debit/Credit Noted” topost entry in Credit Note and Debit Note in Tally? |
| A. | Alt+F11 |
| B. | F11 |
| C. | F12 |
| D. | Alt+F12 |
| Answer» C. F12 | |