166. We Can Display Income & Expenditure Statement Instead Of P/L A/C_______
- a) TRUE
- b) FALSE
- c) BOTH
- d) NONE
Answer: A - TRUE. Income & Expenditure Statement can be displayed instead of Profit & Loss A/c for non-trading organizations like clubs, societies, and trusts.
167. Allow Component List Details (Bill Of Materials) Option Is Activated For_______
- a) Ledger
- b) Cost Centre
- c) Stock Item
- d) Stock Group
Answer: C - Allow Component List Details (Bill of Materials) option is activated for Stock Item to define component requirements for manufactured goods.
168. Allow Zero Valued Entries Feature Is Exist In _________ Feature.
- a) Inventory & Statutory
- b) Accounting & Inventory
- c) Accounting & Statutory
- d) Inventory & Tally.Net
Answer: B - Allow Zero Valued Entries feature exists in Accounting & Inventory Features (F1), allowing creation of vouchers with zero amount.
169. Enabled Cheque Printing Is Exist Under ________ Feature.
- a) Inventory feature
- b) Accounting feature
- c) Statutory & Taxation
- d) Tally.Net feature
Answer: B - Enabled Cheque Printing option exists under Accounting Feature (F1) for printing cheques from payment vouchers.
170. Maintain Multiple Godowns Feature Activated From_______
- a) F11
- b) F11 > F1
- c) F11 > F2
- d) F11 > F3
Answer: B - Maintain Multiple Godowns feature is activated from F11 (Inventory Features) → F1 (Maintain Multiple Godowns).
171. Scenarios Option Related With _________ Feature.
- a) Maintain Budgets and Controls
- b) Use Reversing Journals and optional Voucher
- c) Maintain Scenarios system
- d) Activate Scenarios and Budget system
Answer: B - Scenarios option is related with "Use Reversing Journals and optional Voucher" feature for what-if analysis and forecasting.
172. Tracking Number Displays On ________ Voucher.
- a) Receipt voucher
- b) Receipt Note
- c) Purchase order
- d) Sales order
Answer: B - Tracking Number displays on Receipt Note voucher for tracking goods received against purchase orders.
173. ______ System Helps To Copy The Data From One Company To Another Company.
- a) Export data
- b) Copy data
- c) Import data
- d) Data migration
Answer: C - Import data system helps to copy data from one company to another company in Tally.
174. ________ Feature Helps To Display Trading Account.
- a) Integrate Accounts & Inventory
- b) Integrate Accounts & Statutory
- c) Integrate Inventory & Statutory
- d) Integrate Accounts only
Answer: A - Integrate Accounts & Inventory feature helps to display Trading Account showing gross profit/loss calculation.
175. Allow Multi Currency Option Is Under_______
- a) F1
- b) F2
- c) F3
- d) NONE
Answer: A - Allow Multi Currency option is enabled under F1 (Accounting Features) for handling transactions in foreign currencies.
176. Activate Interest Calculation Option Is Under_______
- a) F12
- b) F2
- c) F1
- d) NONE
Answer: C - Activate Interest Calculation option is enabled under F1 (Accounting Features) → Interest Calculation configuration.
177. Allow Zero Valued Entries Is Under_______
- a) F1
- b) F2
- c) F1 & F2 BOTH
- d) F3
Answer: C - Allow Zero Valued Entries is available under both F1 (Accounting Features) and F2 (Inventory Features).
178. 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.
179. 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.
180. Attendance Voucher Is_______
- a) Alt + F5
- b) Shift + F5
- c) Ctrl + F5
- d) NONE
Answer: C - Ctrl + F5 is the shortcut key for Attendance Voucher in Tally for recording employee attendance.
181. Backup Option Is Under_______
- a) COMPANY INFO
- b) GATEWAY OF TALLY
- c) DISPLAY
- d) NONE OF THESE
Answer: A - Backup option is available under COMPANY INFO → Backup menu (Gateway of Tally → Company Info → Backup).
182. Bank Reconciliation Is Invoke To Use Of_______
Answer: D - Bank Reconciliation is invoked using F5 key from the Gateway of Tally → Accounts Books → Bank Reconciliation.
183. C Form Is Issued For_______
- a) TDS
- b) Service Tax
- c) CST
- d) VAT
Answer: C - C Form is issued for CST (Central Sales Tax) for interstate sales transactions at concessional rates.
184. Cash & Fund Flow Option Is Under_______
- a) Gateway Of Tally
- b) Statements Of Accounts
- c) Display
- d) NONE
Answer: C - Cash & Fund Flow option is available under Display menu (Gateway of Tally → Display → Cash & Fund Flow).
185. Create Company Option Is Under_______
- a) DISPLAY
- b) COMPANY INFO
- c) NONE OF THESE
- d) GATEWAY OF TALLY
Answer: B - Create Company option is available under COMPANY INFO (Gateway of Tally → Company Info → Create Company).
186. CST Stands For_______
- a) Central Sales Tax
- b) Corporate System Of Tax
- c) Central Service Tax
- d) None Of These
Answer: A - CST stands for Central Sales Tax, levied on interstate sales of goods in India.
187. Currency Symbol Arise Automatic_______
- a) TRUE
- b) FALSE
- c) BOTH
- d) NONE
Answer: A - TRUE. Currency symbol (like ₹ for Indian Rupee) arises automatically in Tally based on the country selected during company creation.
188. Delivery Note Voucher_______
- a) Alt + F8
- b) F4
- c) Alt + F6
- d) F5
Answer: A - Alt + F8 is the shortcut key for Delivery Note Voucher, used for recording goods dispatch without invoice.
189. During Stock Journal Can We Display Stock Status?
- a) YES
- b) NO
- c) BOTH
- d) NONE
Answer: A - YES, during Stock Journal entry we can display Stock Status to check available stock quantities before making transfers.
190. Duties & Taxes Is The Name Of_______
- a) Ledger
- b) Group
- c) Reports
- d) Features
Answer: B - Duties & Taxes is the name of a Group in Tally under which all tax ledgers (GST, VAT, Excise, CST) are created.