Computerized Accounting With Tally Set 3

Bachelor of Commerce in Computer Application (B.Com Computer Application)

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This set of Computerized Accounting with Tally Multiple Choice Questions & Answers (MCQs) focuses on Computerized Accounting With Tally Set 3

Q1 | Which option is used to enable VAT, TDS, and Service Tax etc. in Tally?
  • Accounting Features
  • Statutory & Taxation
  • Inventory Features
  • None of these
Answer: Statutory & Taxation
Q2 | Which key is used to post entry in Debit Note in tally?
  • F7
  • F8
  • Ctrl+F9
  • Ctrl+F8
Answer: Ctrl+F9
Q3 | Which key is used to post entry in Debit Note in Tally?
  • F8
  • F9
  • Ctrl+F8
  • Ctrl+F9
Answer: Ctrl+F8
Q4 | Which of the following equation is true for balance sheet?
  • Assets = Liabilities +Capital
  • Liabilities = Assets – Capital
  • Capital = Assets – Liabilities
  • All of these
Answer: All of these
Q5 | Which shortcut key is used to view Report with all details in Tally?
  • F1
  • Alt + F1
  • F3
  • Alt + F2
Answer: Alt + F1
Q6 | How many options related to Company Features are there in F11: Features in Tally?
  • 3
  • 2
  • 4
  • 5
Answer: 3
Q7 | Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.?
  • Lts.
  • Nos.
  • Kgs.
  • Box.
Answer: Kgs.
Q8 | Which shortcut key is pressed to display Part No. for automobile industries?
  • F1
  • F2
  • F11
  • F12
Answer: F12
Q9 | Which option is used to view Trial Balance from Gateway of Tally?
  • Gateway of Tally→ Reports → Trial Balance
  • Gateway of Tally→ Trial Balance
  • Gateway of Tally→ Reports → Display → Trial Balance
  • None of these
Answer: Gateway of Tally→ Reports → Display → Trial Balance
Q10 | Which option is true for viewing Profit & Loss A/C in Gateway of Tally?
  • Gateway of Tally→ Reports → Profit & Loss A/C
  • Gateway of Tally→ Display → Profit & Loss A/C
  • Gateway of Tally→ Account Books → Profit & Loss A/C
  • None of these
Answer: Gateway of Tally→ Reports → Profit & Loss A/C
Q11 | What percent of additional Tax is applied in VAT is 4%?
  • 1%
  • 4%
  • 2.5%
  • 1.5%
Answer: 4%
Q12 | What percent of Additional Tax is applied if VAT in 12.5%?
  • 1%
  • 2.5%
  • 4%
  • 1.5%
Answer: 2.5%
Q13 | Which shortcut key is used to enable Value Added Tax?
  • F1
  • F5
  • F11
  • F12
Answer: F11
Q14 | Which shortcut key is pressed to set ‘Yes’ in “Allow Selection of VAT/Tax class duringentry?”
  • F11
  • F12
  • F3
  • F5
Answer: F12
Q15 | Which group [Under] is selected in Input VAT or Output VAT?
  • Duties & Taxes
  • Indirect Expenses
  • Direct Expenses
  • Sundry Creditors
Answer: Duties & Taxes
Q16 | Which group [Under] is selected in Input Additional Tax or Output Additional Tax?
  • Direct Expenses
  • Indirect Expenses
  • Duties & Taxes
  • Sundry Creditors
Answer: Duties & Taxes
Q17 | Which shortcut key is pressed to create a new Ledger during voucher entry?
  • Alt + C
  • Alt + X
  • Alt + D
  • Alt + A
Answer: Alt + C
Q18 | Which shortcut key is pressed for voucher entry or deleting a ledger?
  • Alt + A
  • Alt + C
  • Alt + X
  • Alt + D
Answer: Alt + D
Q19 | By default, which mode is on in Purchase and Sales voucher?
  • Norma Mode
  • Item Invoice Mode
  • Particulars Mode
  • None of these
Answer: Item Invoice Mode
Q20 | Which step is followed to view Purchase Register?
  • Gateway of Tally→ Display → Sales Register
  • Gateway of Tally→ Account Books → Sales Register
  • Gateway of Tally→ Display → Account Books → Purchase Register
  • None of these
Answer: Gateway of Tally→ Display → Account Books → Purchase Register
Q21 | By which report we can come to know if VAT is payable or refundable.
  • E-VAT forms
  • VAT Computation
  • VAT forms
  • None of these
Answer: VAT Computation
Q22 | Which will be group of VAT Adjustment ledger?
  • Indirect Expenses
  • Indirect Incomes
  • Duties & Taxes
  • None of these
Answer: Duties & Taxes
Q23 | TDS is applied on which of the following incomes?
  • Commission of lottery ticket
  • Professional Fee
  • Salary Income (Contract)
  • All of these
Answer: All of these
Q24 | On which of the following incomes TDS in not applied?
  • Advertisement Income
  • Cable Operator
  • Rent income from land or home
  • Insurance Commission
Answer: Cable Operator
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