Computerized Accounting With Tally Set 4

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 4

Q1 | What is the TDS exemption limit for contractor and sub-contractor?
  • 5000
  • 10000
  • 20000
  • 50000
Answer: 20000
Q2 | What is the TDS exemption limit for professional fees like Audit fees, Consultancy fees,Training fees?
  • 15000
  • 20000
  • 25000
  • 50000
Answer: 20000
Q3 | Which shortcut key is used to enable Tax Deducted at Source [TDS]?
  • F9
  • F11
  • F12
  • Alt + F12
Answer: F11
Q4 | Which step is appropriate to view TDS Nature of Payment?
  • Gateway of Tally→ Display → TDS Nature of Payment
  • Gateway of Tally→ Statutory Info. → TDS Nature of Payment
  • Gateway of Tally→ Display → Statutory Info. → TDS Nature of Payment
  • none
Answer: Gateway of Tally→ Display → Statutory Info. → TDS Nature of Payment
Q5 | Which group [Under] should be selected for TDS on Advertisement A/C?
  • Indirect Expenses
  • Duties & Taxes
  • Indirect Incomes
  • Sundry Creditors
Answer: Duties & Taxes
Q6 | Which group [Under] should be selected for TDS on Professional or Technical ServicesA/C?
  • Indirect Expenses
  • Indirect Incomes
  • Duties & Taxes
  • None of these
Answer: Duties & Taxes
Q7 | In which voucher type entry is done for TDS calculations?
  • F5:Payment
  • F6:Receipt
  • F7:Journal
  • F4:Contra
Answer: F7:Journal
Q8 | In which voucher type, amount of VAT or TDS payable to the government will be noted?
  • F5:Payment
  • F4:Contra
  • F6:Receipt
  • F7:Journal
Answer: F5:Payment
Q9 | Amount payable as TDS can be known by which report in Tally?
  • Computation
  • E-Return
  • Print Form 16A
  • Form-26
Answer: Computation
Q10 | Which shortcut key is used to take print of VAT or TDS reports?
  • Ctrl + P
  • Shift + P
  • Alt + P
  • Ctrl + Alt + P
Answer: Alt + P
Q11 | Which is the shortcut key to zoom TDS Challan?
  • Alt + P
  • Alt + Z
  • Ctrl + Z
  • Ctrl + Alt + Z
Answer: Alt + Z
Q12 | Which website should be visited to get any information related to TDS?
  • www.income tax.gov.in
  • www.incometax india.gov.in
  • www.tdsindia.gov.in
  • www.incometax india.org.in
Answer: www.incometax india.gov.in
Q13 | Which option is used to print From 16A of TDS?
  • Gateway of Tally→ StatutoryReport → Return → Print Form 16A
  • Gateway of Tally→ Return → Print Form 16 A
  • Gateway of Tally→ TDS Reports → Return → Print Form 16 A
  • Gateway of Tally→ Display → Statutory Report → TDS Reports → Return → Print
Answer: Gateway of Tally→ Display → Statutory Report → TDS Reports → Return → Print
Q14 | Which shortcut key is used to set No in ‘Use Common Ledger A/c for Item Allocation?’
  • Alt + F11
  • F11
  • Alt + F12
  • F12
Answer: F12
Q15 | Which option is selected for different types of VAT entries in Purchase Invoice or SalesInvoice?
  • Applicable VAT
  • Not Applicable
  • Not Applicable VAT
  • No Applicable
Answer: Not Applicable
Q16 | Which of the following is not compulsory to create while entry in Accounts with Inventory?
  • Stock Groups
  • Stock Items
  • Stock Categories
  • Units of Measure
Answer: Stock Categories
Q17 | Which reports are prepared monthly in Tally?
  • Profit & Loss A/C
  • Balance Sheet
  • Trial Balance
  • Cash Flow of Funds Flow
Answer: Trial Balance
Q18 | VAT Structure is beneficial for whom?
  • Trader
  • Balance Sheet
  • Trial Balance
  • Cash Flow or Funds Flow
Answer: Cash Flow or Funds Flow
Q19 | By which option Purchase or Sales register can be viewed?
  • Statutory Books
  • Inventory Books
  • Accounts Books
  • Display
Answer: Accounts Books
Q20 | Which option is used to view Stock Items or Group Summary?
  • Accounts Books
  • Inventory Books
  • Statutory Books
  • Display
Answer: Inventory Books
Q21 | Which option is used to view VAT or TDS computation?
  • Accounts Books
  • Statutory Books
  • Display
  • Inventory Books
Answer: Statutory Books
Q22 | Financial year normally ends no?
  • 30 April
  • 31 March
  • 1 April
  • 31 December
Answer: 31 March
Q23 | Default invoice mode is on for Sales or Purchase entry. Which key should be pressed forentry of sales or Purchase as a voucher?
  • Alt + V
  • Ctrl + V
  • Alt + F8
  • Alt + F9
Answer: Ctrl + V
Q24 | We can change the Company Information from
  • Company Info > Back up
  • Company Info > Alter
  • Company Info > Split Company Data
  • None of these
Answer: Company Info > Alter
Q25 | Company Restore option is available in
  • Company Features
  • Company Information
  • Configuration
  • None of these
Answer: Company Information
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