21. Maintain Payroll Is Under_______
- a) F1
- b) F2
- c) F3
- d) NONE
Answer: A - Maintain Payroll option is enabled under F1 (or F11 Statutory & Taxation) in Tally. F1 is the shortcut for Accounting Features where payroll activation is configured.
22. Manufacturing Journal Should Be Create Based On_______
- a) Physical Stock Voucher
- b) Stock Journal
- c) Memo. Voucher
- d) Journal Voucher
Answer: B - Manufacturing Journal is created based on Stock Journal voucher, which records movement of raw materials to finished goods in manufacturing process.
23. Mention The Purpose Of Alt + F7 While Creating Voucher_______
- a) Payment Entry
- b) Journal Entry
- c) Stock Journal
- d) Delete the Voucher
Answer: C - Alt + F7 is used to create Stock Journal voucher in Tally, which is used for transfer of stock between godowns or manufacturing processes.
24. Mention The Shortcut Key For Contra Voucher_______
- a) F1
- b) F2
- c) F3
- d) F4
Answer: D - F4 is the shortcut key for Contra Voucher, used for bank-to-bank transfers, cash deposits into bank, and cash withdrawals from bank.
25. Opening Net Profit balance should be enter in_______
- a) Profit & Loss - Current Year
- b) Profit & Loss - Previous Year
- c) Profit & Loss A/c
- d) Opening Balance PL A/c
Answer: B - Opening Net Profit balance is entered in Profit & Loss - Previous Year ledger, which carries forward the closing balance from the previous financial year.
26. PAN stands For_______
- a) Permanent Account Number
- b) Personal Account Number
- c) Permanent Account Notification
- d) None Of These
Answer: A - PAN stands for Permanent Account Number, a 10-character alphanumeric identifier issued by Income Tax Department for taxpayers in India.
27. Payroll Autofill Button Is_______
- a) Alt + A
- b) CTRL + B
- c) SHIFT + B
- d) NONE
Answer: A - Alt + A is the autofill shortcut key in Payroll voucher that automatically populates employee details, salary structures, and attendance entries.
28. Payroll Voucher Is_______
- a) Ctrl + F4
- b) Alt + F4
- c) Shift + F6
- d) NONE
Answer: A - Ctrl + F4 is the shortcut key to open Payroll Voucher in Tally for recording salary payments, employee attendances, and payroll-related entries.
29. Physical Stock Journal Voucher_______
- a) Alt + F10
- b) Alt + F4
- c) F6
- d) Shift + F5
Answer: A - Alt + F10 is the shortcut key for Physical Stock Journal Voucher, used to record physical stock verification and stock adjustments.
30. PLC is stands for_______
- a) Permanent Ledger List
- b) Permanent Local Cheque
- c) Purchase Local - Cash/Cheque
- d) None of these
Answer: C - PLC stands for Purchase Local - Cash/Cheque, a voucher type used for recording local purchase transactions with cash or cheque payment mode.
31. Professional Version Wise Tally Can Be Classified Into _________ Types.
- a) 2 types
- b) 3 types
- c) 4 types
- d) 5 types
Answer: A - Professional version wise, Tally is classified into 2 types: Tally ERP 9 (older version) and Tally Prime (newer version) based on professional licensing.
32. The ____ option is used for 'Offline Bill Adjustment'
- a) Bill By Bill Adjustment
- b) Adjust Open Debits-Credits
- c) Both (a) & (b)
- d) None of these
Answer: B - 'Adjust Open Debits-Credits' option is used for Offline Bill Adjustment in Tally, allowing manual adjustment of outstanding bills without online integration.
33. The budget variance statement provides the details_______
- a) opening balance
- b) % of Budget Variance
- c) Amt.of Budget Variance
- d) Both (b) & (c)
Answer: D - Budget variance statement provides both Percentage of Budget Variance and Amount of Budget Variance, helping analyze deviations from planned budgets.
34. The default A/C type of Sundry Debtors Ledger is_______
- a) Income
- b) Asset
- c) Liabilities
- d) Customer
Answer: D - The default A/C type of Sundry Debtors Ledger is Customer, as it represents parties who owe money to the business for goods/services purchased on credit.
35. The full form of ROP is_______
- a) Sales Return
- b) Return of Purchase
- c) Return of Payment
- d) None of these
Answer: B - ROP stands for Return of Purchase, which is a transaction type used when goods purchased are returned to the supplier.
36. The shortcut key to open Enter Document window is_______
- a) F2
- b) F6
- c) F12
- d) F10
Answer: C - F12 is the shortcut key to open the Enter Document window (Configuration window) in Tally, where users can customize various voucher and report settings.
37. The type of WBST tax class system in Ex-NGN_______
- a) SST
- b) VAT
- c) CST
- d) Both (a) or (b)
Answer: A - In Ex-NGN (Excise for Non-GST Nation), the WBST tax class system uses SST (Single Sales Tax) as the tax classification type.
38. To display the Daybook in Ex-NGN_______
- a) Ledger Menu
- b) Balance Sheet Group
- c) Trial Balance
- d) Transaction List
Answer: D - To display the Daybook in Ex-NGN, you need to access Transaction List, which shows all day-to-day transactions in chronological order.
39. Transfer the cash from one bank to another bank, which voucher should be use?
- a) Contra voucher
- b) One Db/Cr
- c) Bank Transfer
- d) Many Db/Cr
Answer: C - Bank Transfer voucher is used to transfer cash/amount from one bank account to another bank account. Contra voucher (F4) is also used for bank-to-bank transfers in standard Tally.
40. Trial Balance views are 2 types. These are_______
- a) Opening and Closing
- b) Standard and Opening
- c) Standard and Comparative
- d) Simple and Compound
Answer: B - Trial Balance views in Tally are of 2 types: Standard (showing current period balances) and Opening (showing opening balances brought forward from previous year).