21. From which menu you will see budget variance statement?
- a) Setup
- b) View
- c) Activities
- d) Reports
Answer: D - Budget Variance Statement is available under Reports menu in Tally ERP 9. It compares actual performance against budgeted figures.
22. 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 specifically used for transferring funds between bank accounts. Contra voucher (F4) is for cash/bank transfers within same company.
23. _______ 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 displays the Trading Account showing Gross Profit/Loss from manufacturing and trading activities.
24. 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 (Purchase Returns). It is recorded when goods purchased are returned to the supplier.
25. Which company developed this software?
- a) Busy Infotech
- b) Eastern Data Product Pvt. Ltd.
- c) Tata Consultancy Services
- d) Excell Infocom Pvt. Ltd.
Answer: C - Tally ERP 9 and Tally Prime are developed by Tally Solutions Pvt. Ltd., formerly a division of Tata Consultancy Services (TCS).
26. From under which group you have to create sundry debtors subgroup?
- a) Assets
- b) Current assets
- c) Liabilities
- d) Fixed assets
Answer: B - Sundry Debtors is created under Current Assets group as it represents amounts receivable from customers within one year.
27. How to activate inclusion of zero balance ledger in opening trial balance?
- a) Master > Chart of Accounts > GL
- b) Setup > Chart of Accounts
- c) Company > Options > General
- d) None of these
Answer: C - Company > Options > General settings allows activation of zero balance ledger display in opening trial balance.
28. 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 from previous year is entered under Profit & Loss - Previous Year to carry forward retained earnings.
29. Cash withdrawn from Bank'- the document type we use to pass this entry is________.
- a) Cash Deposit
- b) Bank Deposit
- c) Cash Transfer
- d) Cash Withdrawal
Answer: D - Cash Withdrawal voucher is used for withdrawing cash from bank. This is recorded as Contra entry (F4) in Tally.
30. List Of Optional Vouchers Will Display From________.
- a) Account Books
- b) Exception Reports
- c) Statement of Accounts
- d) Statement of Inventory
Answer: B - Optional Vouchers are displayed under Exception Reports as they are non-accounting entries not affecting financial statements.
31. Maintain Payroll Is Under________.
- a) F1
- b) F2
- c) F3
- d) NONE
Answer: A - Maintain Payroll feature is enabled under F1 (Accounting Features) in Tally ERP 9/Prime.
32. 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 menu (Alt+F3 from Gateway of Tally).
33. Enabled Cheque Printing Is Exist Under ________. Feature.
- a) Inventory feature
- b) Accounting feature
- c) Statutory & Taxation
- d) Tally.Net feature
Answer: B - Enable Cheque Printing is available under Accounting Features (F1) configuration settings.
34. 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 - Voucher Class allows customization of voucher views with predefined templates for different transaction types.
35. Payroll Autofill Button Is________.
- a) Alt + A
- b) CTRL + B
- c) SHIFT + B
- d) NONE
Answer: A - Alt + A is the shortcut key for Payroll Autofill feature that automatically populates salary calculations.
36. From Gateway Of Tally If We Can Press Alt + F1 Means________.
- a) Shut Company
- b) Edit Company
- c) Delete Company
- d) Change Period
Answer: A - Alt + F1 from Gateway of Tally closes/shuts the currently opened company.
37. Enable Value Added Tax Option Is Under________.
- a) F1
- b) F2
- c) F3
- d) NONE
Answer: C - VAT (Value Added Tax) is enabled under F3 (Statutory & Taxation Features) in Tally.
38. Maintain Billwise Details Option Is Under________.
- a) F1
- b) F2
- c) F3
- d) NONE
Answer: A - Maintain Bill-wise Details is enabled under F1 (Accounting Features) for tracking outstanding bills.
39. Enable Tax Deducted At Source Option Is Under________.
- a) F1
- b) F2
- c) F3
- d) NONE
Answer: C - TDS (Tax Deducted at Source) is enabled under F3 (Statutory & Taxation Features).
40. Follow Excise Rules For Invoicing Is Under________.
- a) F11
- b) F10
- c) F3
- d) NONE
Answer: C - Follow Excise Rules for Invoicing is available under F3 (Statutory & Taxation Features).