87 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950 Advanced Tally Prime with GST INSTRUCTIONS 1. Candidates are informed that they are liable for punishment for involvement in Malpractice. 2. Click on Start Examination button to start the examination. 3. All the questions of a particular type in a particular level will be displayed in a vertically scrolled window for online exam. 4. Candidate must Click the Submit Answer button displayed after every question, after selecting the option so as to submit the answer. 5. Examination can be terminated by clicking on End Examination button. It will be automatically terminated if the total time set to solve the exam is over. 1 / 50 The----- key is used to view the comparative job work analysis report F12 configuration Alt C F11 features Alt N 2 / 50 Through ------ we can transfer stocks from one project to another project Sales Delivery note Manufacturing journal Stock Journal 3 / 50 Which of the following is not loans liability Source of finance in tally Bank A/C Bank Overdraft Secured loan Unsecured loan 4 / 50 Which of the following shortcut keys is used to define the cheque dimensions ? Alt + U Ctrl + U Alt + D Ctrl + D 5 / 50 For Auto Bank reconciliation, on the ‘Bank Reconciliation’ screen, press ________. ALT + B Ctrl + B Alt + S Ctrl + S 6 / 50 Bank reconciliation statement is _________. Part of bank statement Part of the cash book A Separate Statement A sub-division of journal 7 / 50 In Tally, in the single mode payment for POS voucher entry ------ is the mode of payment Cheque Online payment Cash Refund 8 / 50 To use only one payment method during POS voucher entry, switch to --------- mode Cash register Journal voucher POS receipt Single Mode Payment 9 / 50 To accept the coupons voucher for POS invoicing ----- is used in Tally Coupon voucher Gift Voucher Gift coupon Reward voucher 10 / 50 To use the POS function in Tally ----- option is set Use For POS Invoicing Use for desk invoicing Use for counter invoicing Use for instant invoicing 11 / 50 In Tally.ERP 9 the POS voucher is grouped under ------ voucher type Sales Purchase Journal Contra 12 / 50 To set ‘Separate discount column on invoice’, from Gateway of Tally select_____   . Inventory Info.>Stock Item F12: Configure>F2: Inventory F11: Features>F1: Accounts F11: Features>F2: Inventory 13 / 50 To create a price list in Tally, from Gateway of Tally, select _____ Accounts Info.>Ledgers>Price List>Create Inventory Info.>Price List>Create Inventory Info.>Stock Group>Price List>Create Inventory Info.>Stock Item>Price List>Create 14 / 50 Sanjay wants to sell goods at different rates to old and new customers. Which Tally feature should he use to create different rates? Price Level Price List POS Reorder Level 15 / 50 In the Balance at cost column, Nett Quantity indicates ________ quantity Manufactured Inward-Outward Outward-Outward Instock 16 / 50 A loss in the item cost analysis report is shown as the amount using ________ . Red Color Negative Balance Round Brackets Asterisk Mark 17 / 50 The Profit is equal to ________, as per the item cost analysis report Revenue- (Cost- Balanceat Cost) Cost- (Revenue - Balance at cost) Revenue – Cost Balance at cost + Revenue 18 / 50 To pre-close an order using the delivery note voucher, press ___________ and set ‘Use pre-closure order details’ to Yes. F12: Configuration F11: Features F2: Date F1: Accounting Vouchers 19 / 50 ____________ can be used to reconcile the TCS Payments Cash Cheque Challan Collections 20 / 50 The TCS challan can be printed from __________ voucher Contra Payment Receipt Journal 21 / 50 For ______________ the TCS Nature of Goods needs to be defined Cost Center Unit Of Measure Stock Item Stock Categories 22 / 50 The TCS Nature of Goods can be created from ______________. Account Info > Statutory Info Accounts Info > TCS Nature Of Goods Accounts Info > Ledgers > TCS Nature Of Goods F12: Configure > TCS Nature Of Goods 23 / 50 Which of the following forms is used to file the TCS return? 22E 25E 26E 27E 24 / 50 Under which of the following section are goods defined for TCS ? 205C(1) 206C(1) 207C(1) 208C(1) 25 / 50 From the TCS Nature of Goods Creation screen, the ____ shortcut key is used to select a predefined TCS nature of goods. Alt +C CTRL+C Alt+L CRTL+L 26 / 50 The shortcut key used to reconcile a challan is _____ F2 F3 F4 F5 27 / 50 Which of the following reports provides a critical overview of the company performance in the form of ratios? Ledger monthly summary Receivables / Payable Ratio Analysis Trial balance 28 / 50 In Ratio Analysis, the receivable turnover ratio displays the ____. Payment Performance Of Debtors Sundry Debtors Due Till Date Working Capital Amount Net Profit Percentage 29 / 50 In Tally, the difference of actual and budgeted are available in the ____ report. Common Budget Columnar Day Book Budget Variance 30 / 50 When actual spending is more than the budget, it is called Under Budget Over Budget Substantial Budget Nil Budget 31 / 50 To view reversing journal register, go to Gateway of Tally> Display> _____________> Reversing Journals Account Books Inventory Books Statement Of Accounts Exception Reports 32 / 50 To activate reversing journal, go to F11:Company features and then F1: Accounting Features and set _____________ to Yes Maintain Bill-Wise Details Maintain Budgets and Controls Use Reversing Journal & Optional Voucher Use Invoice Mode For Credit Notes 33 / 50 __________are special journals that are automatically reversed after a specified date Reversing Journals Memorandum vouchers Optional vouchers Special journals 34 / 50 In the form 26Q, Q stands for _____ report. Monthly Yearly Quarterly All Of The Above 35 / 50 Which form is required to submit the TDS details for all payments ? Form 16 Form 26 Q Form 19 Form 10C 36 / 50 As per the Income Tax Act, every corporate and government entity is liable for ______ of TDS. Extension Increase Addition Deduction 37 / 50 In Tally, you can book expenses by recording the ____ voucher. Payment Journal Receipt All Of The Above 38 / 50 In which statement is the working capital statement prepared? Cash Flow Statement Funds Flow Statement Income Statement Profit & Loss Statement 39 / 50 The cash flow statement is based on which accounting type? Credit Basis Of Accounting Accrual Basis Of Accounting Credit Basis Of Accounting None Of The Above 40 / 50 As per Accounting Standard-3, Cash Flow is classified into which activities? Operating Activities Investing Activities Financing Activities All Of The Above 41 / 50 The ratio analysis report is divided into ____________ and ____________. Principal Ledgers and Principle Items Principle Ratios And Principle Groups Principal Ledgers and Principal Ratios Principal Ratios and Principal Items 42 / 50 The _________ shortcut key is used to view budget variance report in the trial balance. Ctrl+B ALT + B Ctrl+Shift+B Shift+B 43 / 50 To calculate interest on outstanding balances of bank account as per bank dates, set ____________ option to Bank/Reco Date in Interest Parameters screen Calculate interest based on Include transaction date for interest calculations Rate Calculate interest transaction-by-transaction 44 / 50 To activate interest calculation in simple mode or with simple parameter from GWT, press _________ and enable ‘Activate Interest Calculation ‘from Accounts feature. Accounts info menu Inventory Info menu F 11: FEATURES F12: configurations 45 / 50 Under _____ method interest is charged on principal amount along with interest. Simple Interest Compound interest Composite interest Interest 46 / 50 The cost expenses of Rs.40, 000 is allocated to ___________cost center. Refer to the image below to identify the cost centre Salesman Manager Senior Junior 47 / 50 To record interest income on receivable amount, user need to record entry using voucher class under ________ voucher DEBIT NOTE Journal Credit Note Sales 48 / 50 From the Cost Category Summary Report below, you can understand that in this company, there are ________ more cost categories other than the predefined cost ones. 0 1 2 3 49 / 50 The sales team of the company began customer visits for giving demonstrations of some software. The company provided rupees 25000 towards their transportation and food expenses. Out of this, rupees 15000 are allocated for Gita and rupees 10000 for Sita. Identify the cost centres and cost categories for the above example. Transportation expenses as cost category, Gita and Sita as cost centre Employee as cost category, Geeta and Sita as cost centre Food expenses and cost category, Geeta and Sita as cost centre Gita as cost category, Sita as cost center 50 / 50 A Cost Category facilitates three dimensional reporting of expenditure and revenue. Which of the following is not an example of a cost category? Region wise Employee wise Department wise Salary wise Your score is LinkedIn Facebook Twitter VKontakte