61. Which stock valuation by default used in Ex-NGN?
- a) Weighted Average Method
- b) Moving Weighted Average method
- c) FIFO method
- d) LIFO method
Answer: A - Ex-NGN uses Weighted Average Method as default stock valuation method. This calculates average cost of inventory considering total cost and total units available.
62. What is the administrator password of this software?
- a) Manager
- b) User Defined Password
- c) admin
- d) Blank Enter
Answer: C - The default administrator password in Ex-NGN is 'admin'. Users should change this after initial setup for security purposes.
63. 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 - Log Off option allows switching to another user without closing the company entirely, maintaining session data.
64. 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 Special Excise Duty. Some classifications include additional excise duties on specific goods.
65. 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 - Company Configuration settings allow enabling Import and Export features for international trade transactions.
66. Form 16a Is A Statement Of Tds Which Is Applied For________.
- a) Salaried person
- b) Non Salaried person
- c) Director
- d) Managing Director
Answer: B - Form 16A is issued for TDS on income other than salaries, such as interest, professional fees, rent, contract payments, etc.
67. 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 actual stock counts and adjustments.
68. If The Financial Year 1st April 2015 And The Books Beginning From 1st January 2016, Then What Will Be The Closing Date?
- a) 31st March 2014
- b) 31st March 2016
- c) 31st January 2016
- d) 31st March 2015
Answer: B - Financial Year: 1st April 2015 to 31st March 2016. Books beginning from 1st Jan 2016, closing date remains 31st March 2016.
69. PAN stands For________.
- a) Permanent Account Number
- b) Personal Account Number
- c) Permanent Account Notification
- d) None Of These
Answer: A - PAN is a 10-character alphanumeric identifier issued by Income Tax Department for tracking tax-related transactions.
70. 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 is an internationally standardized system of names and numbers for classifying traded products, developed by WCO.
71. How Many Types Of Company We Can Maintain________.
Answer: B - Two types: Accounts Only company and Accounts with Inventory company in Tally/Ex-NGN.
72. Ltu Is Stands For________.
- a) Local Tax Unit
- b) Large Tax Payer Unit
- c) Last Tax Unit
- d) None of these
Answer: B - LTU is a specialized unit of Income Tax Department for handling large taxpayers with high revenue contribution.
73. How Many Default Account Groups In Tally?
- a) 10 groups
- b) 20 groups
- c) 28 groups
- d) 36 groups
Answer: C - Tally provides 28 pre-defined account groups for systematic classification of ledgers.
74. Mention The Shortcut Key For Contra Voucher________.
Answer: D - F4 is the shortcut key for Contra Voucher used for cash/bank transfers and deposit/withdrawal transactions.
75. Manufacturing Journal should be create based on________.
- a) Physical Stock Voucher
- b) Stock Journal
- c) Memo. Voucher
- d) Journal Voucher
Answer: B - Stock Journal Voucher is used for manufacturing journal to record raw material consumption and finished goods production.
76. From which menu will you take your data restoration?
- a) Edit
- b) Setup
- c) Activities
- d) Company
Answer: D - Data restoration is performed from Company menu under Company Info > Restore Company/Data.
77. Mention the default user of Ex-Next Generation________.
- a) Manager
- b) User Defined Field
- c) admin
- d) ADMIN
Answer: C - The default user in Ex-Next Generation is 'admin' with full administrative privileges.
78. Which option should be used for offline bill adjustment?
- a) Adjust Open Debit and Credit
- b) Voucher Allocation
- c) Offline Bill Adjustent
- d) None of these
Answer: A - Adjust Open Debit and Credit is used for offline bill adjustment to reconcile outstanding invoices.
79. CRN' stands for________.
- a) Debit Note
- b) Credit Note
- c) Currency Note
- d) customize Note
Answer: B - CRN stands for Credit Note, issued to customers for sales returns, discounts, or allowances.
80. 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 has two views: Standard (with transactions) and Opening (only opening balances).