41. How many characters does support in shortname name?
- a) 2 characters
- b) 3 characters
- c) 4 characters
- d) 5 characters
Answer: B - Shortname in Tally supports up to 3 characters maximum for quick identification and reference of ledgers, groups, or vouchers.
42. How Many Default Account Groups In Tally?
- a) 10 groups
- b) 20 groups
- c) 28 groups
- d) 36 groups
Answer: C - Tally has 28 default account groups including Current Assets, Fixed Assets, Current Liabilities, Capital Account, Direct Income, Direct Expenses, Indirect Income, Indirect Expenses, etc.
43. How many default ledger accounts in Ex-NGN?
- a) 2
- b) 3
- c) 4
- d) None of these
Answer: B - Ex-NGN (Excise for Non-GST Nation) has 3 default ledger accounts: Cash in Hand, Profit & Loss A/c, and Capital A/c.
44. How many Sub-document types are there in Receipt Document_______
Answer: D - Receipt Document has 4 sub-document types: Cash Receipt, Bank Receipt, Credit Card Receipt, and Other Receipt types.
45. How Many Types Of Company Password_______
Answer: A - Tally has 2 types of company passwords: Security Control Password (for company access) and TallyVault Password (for data encryption).
46. How Many Types Of Company We Can Maintain_______
Answer: B - We can maintain 2 types of companies in Tally: Accounts Only company and Accounts with Inventory company.
47. How to setup tax register in your company?
- a) Accounts Info > Voucher Type
- b) Masters > Chart of Accounts > GL
- c) Setup > Register Columns
- d) Setup > Chart of Accounts
Answer: C - Tax register is set up through Setup menu → Register Columns, where you can configure tax columns for reports.
48. How to use another user when your company is activated?
- a) Close Company
- b) Log Off
- c) Shut Company
- d) None of these
Answer: B - To switch to another user when company is activated, use Log Off option (Gateway of Tally → Log Off) to change the active user.
49. HSN Stands For_______
- a) Human System Of Nomenclature
- b) Harmonised System Of Nomenclature
- c) Harmonished Situation Of Nomenclature
- d) None Of These
Answer: B - HSN stands for Harmonised System of Nomenclature, an international classification system for goods used under GST for tax identification.
50. If You Want To Change The View Of Voucher Type, Using By_______
- a) Name of Class
- b) Voucher type Alter
- c) From Day Book
- d) From Ledger list
Answer: A - To change the view of voucher type, use "Name of Class" option which allows customization of voucher appearance and behavior.
51. If You Want To Create Blank Value Voucher, Then Activate_______
- a) Blank valued entries
- b) Zero valued entries
- c) Null valued entries
- d) Amount does not allow
Answer: B - To create blank value vouchers (zero amount), activate "Zero valued entries" option in Accounting Features (F1).
52. If You Want To Use Import And Export System Which Feature Should Be Used?
- a) Company feature
- b) Company configuration
- c) Company Info
- d) None of these
Answer: B - Import and Export system is accessed through Company Configuration, which allows data migration between different company setups.
53. In Ex-NGN budget for the ledger can be set from_______
- a) Chart of Accounts
- b) Item
- c) Budget
- d) Reports
Answer: A - In Ex-NGN, budget for ledger can be set from Chart of Accounts → Budget option for individual ledger accounts.
54. Inventory Means_______
- a) LEDGER
- b) GODOWN
- c) NONE OF THESE
- d) STOCK
Answer: D - Inventory means Stock, which includes raw materials, work-in-progress, finished goods, and trading goods held for business operations.
55. List Of Optional Vouchers Will Display From_______
- a) Account Books
- b) Exception Reports
- c) Statement of Accounts
- d) Statement of Inventory
Answer: B - List of Optional Vouchers (reversing journals, memorandum vouchers) is displayed from Exception Reports in Tally.
56. LTU Is Stands For_______
- a) Local Tax Unit
- b) Large Tax Payer Unit
- c) Last Tax Unit
- d) None of these
Answer: B - LTU stands for Large Tax Payer Unit, a dedicated unit for companies paying significant taxes under Income Tax and GST.
57. Mailing Name Arise Automatic_______
- a) TRUE
- b) FALSE
- c) NONE
- d) BOTH
Answer: A - Mailing Name is automatically generated (TRUE) in Tally based on the ledger name for correspondence purposes.
58. Maintain Billwise Details Option Is Under_______
- a) F1
- b) F2
- c) F3
- d) NONE
Answer: A - Maintain Billwise Details option is enabled under F1 (Accounting Features) → Bills Payable/Receivable configuration.
59. Maintain Budgets And Control Is Under_______
- a) F1
- b) F2
- c) F1 & F2 BOTH
- d) NONE
Answer: A - Maintain Budgets and Control is enabled under F1 (Accounting Features) → Budgets configuration section.
60. Maintain Cost Center Is Under_______
- a) F10
- b) F2
- c) F1
- d) NONE
Answer: C - Maintain Cost Center option is enabled under F1 (Accounting Features) → Cost Centers configuration for departmental tracking.