101. Transaction list option you will get from which menu?
- a) Setup
- b) Reports
- c) Activities
- d) Company
Answer: B - Transaction list option is available under Reports menu (Gateway of Tally → Reports → Transaction List).
102. How Many Types Of Excise?
- a) 2 types
- b) 4 types
- c) 6 types
- d) 8 types
Answer: A - There are 2 types of Excise: Basic Excise Duty and Additional Excise Duty (CVD - Countervailing Duty).
103. Alt + F2 Shortcut Is Used For__________
- a) Change Period
- b) Company Creation
- c) Accounting Vouchers
- d) Display
Answer: A - Alt + F2 is the shortcut key to change the accounting period/date range in Tally.
104. 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.
105. Enable Tax Collected At Source Option Is Under__________
- a) F1
- b) F2
- c) F3
- d) NONE
Answer: C - TCS is enabled under F3 (Company Features) → Statutory & Taxation → Enable Tax Collected at Source.
106. Alt + F10 Is Used For ____________.
- a) Physical Stock Voucher
- b) Optional Voucher
- c) Journal Voucher
- d) Post Dated Voucher
Answer: A - Alt + F10 is the shortcut key for Physical Stock Journal Voucher, used to record physical stock verification and adjustments.
107. 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.
108. 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.
109. 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.
110. ________ ledger is used to create TAX.
- a) Purchase A/C
- b) Sales A/C
- c) Sales Tax
- d) VAT
Answer: C - Sales Tax ledger is specifically used to create and manage tax entries in Tally.
111. Which of the following is not a sub-document type of purchase?
- a) Purchase Local Credit
- b) Purchase
- c) Credit Note
- d) Both (b) & (c)
Answer: D - Both 'Purchase' and 'Credit Note' are not sub-document types of purchase. Purchase Local Credit is a valid sub-document type.
112. _______ is used to display Trading Account of your company.
- a) Prepare Trading Account
- b) Integrate Accounts & Inventory
- c) Profit & Loss Layout
- d) Balance Sheet Layout
Answer: A - Prepare Trading Account option is used to display Trading Account of your company showing gross profit/loss calculation.
113. From which button you can rectify voucher entry?
- a) New
- b) Edit
- c) Delete
- d) None
Answer: B - Edit button is used to rectify/modify voucher entry after it has been saved in Tally.
114. How many options are available for payment voucher mode?
- a) 2 types
- b) 4 types
- c) 6 types
- d) 8 types
Answer: B - There are 4 payment voucher mode options: Cash Payment, Bank Payment, Credit Card Payment, and Other Payment.
115. From which menu you will see setup toolbar?
- a) Activities
- b) Setup
- c) View
- d) Reports
Answer: D - Setup toolbar option is available under Reports menu for configuring report display settings.
116. The shortcut key for customize Narration Creation is_______
- a) Ctrl + T
- b) Ctrl + N
- c) Ctrl + R
- d) Ctrl + F1
Answer: A - Ctrl + T is the shortcut key for customizing Narration Creation in Tally for predefined narratives.
117. Trading A/C Can Not Display In Tally_______
- a) TRUE
- b) FALSE
- c) NONE
- d) BOTH
Answer: B - FALSE. Trading Account CAN be displayed in Tally (Gateway of Tally → Reports → Profit & Loss A/c → Trading Account).
118. We Can Display All Memorandum Voucher From_______
- a) Display
- b) Ratio Analysis
- c) Exception Reports
- d) Statements Of Inventory
Answer: C - All Memorandum Vouchers (reversing journals, optional vouchers) can be displayed from Exception Reports in Tally.
119. Which option is used to maintain departmental transactions?
- a) Cost Centres
- b) Vector Master
- c) Analysis Category
- d) Document Class
Answer: C - Analysis Category is used to maintain departmental transactions and categorize them for detailed reporting.
120. Which report will display the list of voucher entries?
- a) Day Book
- b) Transaction List
- c) Voucher List
- d) List of Vouchers
Answer: B - Transaction List report displays the complete list of voucher entries in chronological order.