1. A company submit their TDS in a year maximum ________ times
- a) 2 times
- b) 3 times
- c) 4 times
- d) 6 times
Answer: C - TDS returns are filed quarterly, so maximum 4 times in a financial year (June, September, December, March).
2. Apply for new Service Tax registration by__________
- a) ST-1 Form
- b) ST-2 Form
- c) ST-3 Form
- d) None of them
Answer: A - ST-1 Form is used for applying new Service Tax registration. ST-2 is for amendment, ST-3 is for return filing.
3. Attendance voucher is invoked by__________
- a) Alt + F5
- b) Ctrl + F5
- c) Alt + Ctrl + F5
- d) None of these
Answer: B - Ctrl + F5 is the shortcut key for Attendance Voucher in Tally for recording employee attendance.
4. Bill adjustment entry from which menu__________
- a) Entry
- b) Reports
- c) masters
- d) Utility
Answer: A - Bill adjustment entry is done from Entry menu for adjusting outstanding bills between parties.
5. Bill of material create is under____________
- a) Transactions
- b) Configuration
- c) Masters
- d) Display
Answer: C - Bill of Material (BOM) is created under Masters menu → Stock Item → Component List Details.
6. Bill summary is display in______________
- a) Display
- b) Transactions
- c) Printing
- d) Administration
Answer: A - Bill summary is displayed under Display menu → Account Books → Bill Summary.
7. By default printer setting is ____________
- a) Generic laser printers
- b) Generic Dot matrix printers
- c) Generic laser printers A4
- d) None of these
Answer: B - By default, printer setting in Tally is Generic Dot Matrix Printers for continuous stationery printing.
8. Can We create Cash in hand ledger in ACE__________
- a) Yes
- b) No
- c) N.A.
- d) N.A.
Answer: A - Yes, Cash in Hand ledger can be created in ACE accounting software under Current Assets group.
9. Cash flow options is under__________
- a) Masters
- b) Utility
- c) Reports
- d) Mis-Reports
Answer: C - Cash Flow statement is available under Reports menu (Gateway of Tally → Reports → Cash Flow).
10. Cash/Bank book are present __________ menu
- a) Entry
- b) Mis-Reports
- c) Entry and report menu
- d) None of these
Answer: C - Cash/Bank book is available in both Entry menu (for viewing) and Reports menu (for analysis).
11. Central Sales Tax is levied by__________
- a) State Government
- b) Central Government
- c) Finance Commission
- d) Planning Commission
Answer: B - Central Sales Tax (CST) is levied by the Central Government on interstate sales of goods.
12. Company features will be use from__________
- a) Transactions
- b) House keeping
- c) Configuration
- d) Display
Answer: C - Company features are configured from Configuration menu (F11 in Tally) for setting statutory and accounting options.
13. Company Setting are present in _________ menu
- a) Masters
- b) Mis-Reports
- c) Company
- d) None of these
Answer: C - Company Settings are present in Company menu (Gateway of Tally → Company Info → Company Features).
14. CST act apply only__________
- a) Intra state sales
- b) Import and export sales
- c) Interstate sales
- d) None of these
Answer: C - CST (Central Sales Tax) applies only to interstate sales (sales between different states).
15. CST can apply under act__________
- a) Central Sale tax Act 1956
- b) Central Sale tax Act 1958
- c) Central Sale tax Act 1959
- d) Central Sale tax act 1945
Answer: A - CST is governed by the Central Sales Tax Act, 1956, which regulates interstate sales of goods in India.
16. CST stands for__________
- a) Central Sales Tax
- b) Central State Tax
- c) Collected Sale Tax
- d) None of these
Answer: A - CST stands for Central Sales Tax, levied on interstate sales of goods in India.
17. Data Freezing system done by__________
- a) Payment voucher
- b) Utilities option
- c) Receipt voucher
- d) Contra voucher
Answer: B - Data Freezing system is done through Utilities option to prevent modifications after financial year closing.
18. Data import export can do from which menu__________
- a) Administration
- b) Company
- c) Features
- d) House keeping
Answer: A - Data import/export is done from Administration menu for migrating data between companies.
19. Deduction under section 80CCC is allowed to the extent of__________
- a) 100000
- b) 200000
- c) Rs 300000
- d) None of these
Answer: A - Deduction under section 80CCC for pension funds is allowed up to ₹1,00,000 (One Lakh) per financial year.
20. Display the history of all Work what you do in previous__________
- a) Entry
- b) Masters
- c) Favorites
- d) Reports
Answer: C - Favorites menu displays history of all work previously done for quick access and recent transactions.
21. Due date for submission of ER-6 Return__________
- a) 5th of next month for the Principal
- b) 10th of next month for the Principal
- c) 15th of next month for the Principal
- d) None of these
Answer: B - ER-6 Return (Monthly Return for Principal Manufacturers) due date is 10th of next month under Excise Law.
22. During Item creation Default valuation method is____________
- a) FIFO
- b) LIFO
- c) Average
- d) Std Cost
Answer: C - During Item creation, the default valuation method is Average Method (Weighted Average Cost).
23. Employee claim for their TDS refunding by submit__________
- a) ITR-1
- b) ITR-2
- c) ITR-4
- d) ITR-7
Answer: A - Employees claim TDS refund by submitting ITR-1 (Sahaj) form for income from salary, pension, and interest.
24. Employer EPS pay head is under pay head type__________
- a) Employees' Statutory Deductions
- b) Earnings for employees
- c) Employer's Statutory Contributions
- d) Employers' Statutory Deductions
Answer: C - Employer EPS (Employee Pension Scheme) pay head is under Employer's Statutory Contributions category.
25. EPF administrative charges payable by employers rate of 1-1-15 onwards__________
- a) 0.65%
- b) 0.85%
- c) 1.10%
- d) 0.37%
Answer: B - EPF administrative charges payable by employers is 0.85% from 1st January 2015 onwards.
26. EPS contribution rate is__________
- a) 8.33%
- b) 3.67%
- c) 8.34%
- d) 8.31%
Answer: A - EPS (Employee Pension Scheme) contribution rate is 8.33% of employer's contribution to EPF.
27. ERP Stands For__________
- a) Electricity Resources Plant
- b) Enterprises Resources Part
- c) Enterprise Resource Planning
- d) None Of These
Answer: C - ERP stands for Enterprise Resource Planning, a software system that integrates various business functions.
28. Export the data from which menu__________
- a) Masters
- b) Company
- c) Reports
- d) Utility
Answer: D - Export data option is available under Utility menu (Gateway of Tally → Utility → Export).
29. Final account are present in__________
- a) Query
- b) Masters
- c) Mis-Reports
- d) Company
Answer: A - Final accounts are present in Query menu for generating Balance Sheet and Profit & Loss Statement.
30. Form 16A related with__________
- a) VAT
- b) TDS
- c) CST
- d) Service Tax
Answer: B - Form 16A is a TDS certificate issued for non-salaried payments like interest, commission, rent, etc.