McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce in Computer Application (B.Com Computer Application) .
| 51. |
Which option is used to enable VAT, TDS, and Service Tax etc. in Tally? |
| A. | Accounting Features |
| B. | Statutory & Taxation |
| C. | Inventory Features |
| D. | None of these |
| Answer» B. Statutory & Taxation | |
| 52. |
Which key is used to post entry in Debit Note in tally? |
| A. | F7 |
| B. | F8 |
| C. | Ctrl+F9 |
| D. | Ctrl+F8 |
| Answer» C. Ctrl+F9 | |
| 53. |
Which key is used to post entry in Debit Note in Tally? |
| A. | F8 |
| B. | F9 |
| C. | Ctrl+F8 |
| D. | Ctrl+F9 |
| Answer» C. Ctrl+F8 | |
| 54. |
Which of the following equation is true for balance sheet? |
| A. | Assets = Liabilities +Capital |
| B. | Liabilities = Assets – Capital |
| C. | Capital = Assets – Liabilities |
| D. | All of these |
| Answer» D. All of these | |
| 55. |
Which shortcut key is used to view Report with all details in Tally? |
| A. | F1 |
| B. | Alt + F1 |
| C. | F3 |
| D. | Alt + F2 |
| Answer» B. Alt + F1 | |
| 56. |
How many options related to Company Features are there in F11: Features in Tally? |
| A. | 3 |
| B. | 2 |
| C. | 4 |
| D. | 5 |
| Answer» A. 3 | |
| 57. |
Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.? |
| A. | Lts. |
| B. | Nos. |
| C. | Kgs. |
| D. | Box. |
| Answer» C. Kgs. | |
| 58. |
Which shortcut key is pressed to display Part No. for automobile industries? |
| A. | F1 |
| B. | F2 |
| C. | F11 |
| D. | F12 |
| Answer» D. F12 | |
| 59. |
Which option is used to view Trial Balance from Gateway of Tally? |
| A. | Gateway of Tally→ Reports → Trial Balance |
| B. | Gateway of Tally→ Trial Balance |
| C. | Gateway of Tally→ Reports → Display → Trial Balance |
| D. | None of these |
| Answer» C. Gateway of Tally→ Reports → Display → Trial Balance | |
| 60. |
Which option is true for viewing Profit & Loss A/C in Gateway of Tally? |
| A. | Gateway of Tally→ Reports → Profit & Loss A/C |
| B. | Gateway of Tally→ Display → Profit & Loss A/C |
| C. | Gateway of Tally→ Account Books → Profit & Loss A/C |
| D. | None of these |
| Answer» A. Gateway of Tally→ Reports → Profit & Loss A/C | |
| 61. |
What percent of additional Tax is applied in VAT is 4%? |
| A. | 1% |
| B. | 4% |
| C. | 2.5% |
| D. | 1.5% |
| Answer» B. 4% | |
| 62. |
What percent of Additional Tax is applied if VAT in 12.5%? |
| A. | 1% |
| B. | 2.5% |
| C. | 4% |
| D. | 1.5% |
| Answer» B. 2.5% | |
| 63. |
Which shortcut key is used to enable Value Added Tax? |
| A. | F1 |
| B. | F5 |
| C. | F11 |
| D. | F12 |
| Answer» C. F11 | |
| 64. |
Which shortcut key is pressed to set ‘Yes’ in “Allow Selection of VAT/Tax class during entry?” |
| A. | F11 |
| B. | F12 |
| C. | F3 |
| D. | F5 |
| Answer» B. F12 | |
| 65. |
Which group [Under] is selected in Input VAT or Output VAT? |
| A. | Duties & Taxes |
| B. | Indirect Expenses |
| C. | Direct Expenses |
| D. | Sundry Creditors |
| Answer» A. Duties & Taxes | |
| 66. |
Which group [Under] is selected in Input Additional Tax or Output Additional Tax? |
| A. | Direct Expenses |
| B. | Indirect Expenses |
| C. | Duties & Taxes |
| D. | Sundry Creditors |
| Answer» C. Duties & Taxes | |
| 67. |
Which shortcut key is pressed to create a new Ledger during voucher entry? |
| A. | Alt + C |
| B. | Alt + X |
| C. | Alt + D |
| D. | Alt + A |
| Answer» A. Alt + C | |
| 68. |
Which shortcut key is pressed for voucher entry or deleting a ledger? |
| A. | Alt + A |
| B. | Alt + C |
| C. | Alt + X |
| D. | Alt + D |
| Answer» D. Alt + D | |
| 69. |
By default, which mode is on in Purchase and Sales voucher? |
| A. | Norma Mode |
| B. | Item Invoice Mode |
| C. | Particulars Mode |
| D. | None of these |
| Answer» B. Item Invoice Mode | |
| 70. |
Which step is followed to view Purchase Register? |
| A. | Gateway of Tally→ Display → Sales Register |
| B. | Gateway of Tally→ Account Books → Sales Register |
| C. | Gateway of Tally→ Display → Account Books → Purchase Register |
| D. | None of these |
| Answer» C. Gateway of Tally→ Display → Account Books → Purchase Register | |
| 71. |
By which report we can come to know if VAT is payable or refundable. |
| A. | E-VAT forms |
| B. | VAT Computation |
| C. | VAT forms |
| D. | None of these |
| Answer» B. VAT Computation | |
| 72. |
Which will be group of VAT Adjustment ledger? |
| A. | Indirect Expenses |
| B. | Indirect Incomes |
| C. | Duties & Taxes |
| D. | None of these |
| Answer» C. Duties & Taxes | |
| 73. |
TDS is applied on which of the following incomes? |
| A. | Commission of lottery ticket |
| B. | Professional Fee |
| C. | Salary Income (Contract) |
| D. | All of these |
| Answer» D. All of these | |
| 74. |
On which of the following incomes TDS in not applied? |
| A. | Advertisement Income |
| B. | Cable Operator |
| C. | Rent income from land or home |
| D. | Insurance Commission |
| Answer» B. Cable Operator | |
| 75. |
According to law who has to pay TDS to the Income Tax Department? |
| A. | Service Receiver |
| B. | Service Receiver |
| C. | Service Provider and Service Receiver both |
| D. | There is no such provision |
| Answer» B. Service Receiver | |
| 76. |
What is the TDS exemption limit for contractor and sub-contractor? |
| A. | 5000 |
| B. | 10000 |
| C. | 20000 |
| D. | 50000 |
| Answer» C. 20000 | |
| 77. |
What is the TDS exemption limit for professional fees like Audit fees, Consultancy fees, Training fees? |
| A. | 15000 |
| B. | 20000 |
| C. | 25000 |
| D. | 50000 |
| Answer» B. 20000 | |
| 78. |
Which shortcut key is used to enable Tax Deducted at Source [TDS]? |
| A. | F9 |
| B. | F11 |
| C. | F12 |
| D. | Alt + F12 |
| Answer» B. F11 | |
| 79. |
Which step is appropriate to view TDS Nature of Payment? |
| A. | Gateway of Tally→ Display → TDS Nature of Payment |
| B. | Gateway of Tally→ Statutory Info. → TDS Nature of Payment |
| C. | Gateway of Tally→ Display → Statutory Info. → TDS Nature of Payment |
| D. | none |
| Answer» C. Gateway of Tally→ Display → Statutory Info. → TDS Nature of Payment | |
| 80. |
Which group [Under] should be selected for TDS on Advertisement A/C? |
| A. | Indirect Expenses |
| B. | Duties & Taxes |
| C. | Indirect Incomes |
| D. | Sundry Creditors |
| Answer» B. Duties & Taxes | |
| 81. |
Which group [Under] should be selected for TDS on Professional or Technical Services A/C? |
| A. | Indirect Expenses |
| B. | Indirect Incomes |
| C. | Duties & Taxes |
| D. | None of these |
| Answer» C. Duties & Taxes | |
| 82. |
In which voucher type entry is done for TDS calculations? |
| A. | F5:Payment |
| B. | F6:Receipt |
| C. | F7:Journal |
| D. | F4:Contra |
| Answer» C. F7:Journal | |
| 83. |
In which voucher type, amount of VAT or TDS payable to the government will be noted? |
| A. | F5:Payment |
| B. | F4:Contra |
| C. | F6:Receipt |
| D. | F7:Journal |
| Answer» A. F5:Payment | |
| 84. |
Amount payable as TDS can be known by which report in Tally? |
| A. | Computation |
| B. | E-Return |
| C. | Print Form 16A |
| D. | Form-26 |
| Answer» A. Computation | |
| 85. |
Which shortcut key is used to take print of VAT or TDS reports? |
| A. | Ctrl + P |
| B. | Shift + P |
| C. | Alt + P |
| D. | Ctrl + Alt + P |
| Answer» C. Alt + P | |
| 86. |
Which is the shortcut key to zoom TDS Challan? |
| A. | Alt + P |
| B. | Alt + Z |
| C. | Ctrl + Z |
| D. | Ctrl + Alt + Z |
| Answer» B. Alt + Z | |
| 87. |
Which website should be visited to get any information related to TDS? |
| A. | www.income tax.gov.in |
| B. | www.incometax india.gov.in |
| C. | www.tdsindia.gov.in |
| D. | www.incometax india.org.in |
| Answer» B. www.incometax india.gov.in | |
| 88. |
Which option is used to print From 16A of TDS? |
| A. | Gateway of Tally→ StatutoryReport → Return → Print Form 16A |
| B. | Gateway of Tally→ Return → Print Form 16 A |
| C. | Gateway of Tally→ TDS Reports → Return → Print Form 16 A |
| D. | Gateway of Tally→ Display → Statutory Report → TDS Reports → Return → Print |
| Answer» D. Gateway of Tally→ Display → Statutory Report → TDS Reports → Return → Print | |
| 89. |
Which shortcut key is used to set No in ‘Use Common Ledger A/c for Item Allocation?’ |
| A. | Alt + F11 |
| B. | F11 |
| C. | Alt + F12 |
| D. | F12 |
| Answer» D. F12 | |
| 90. |
Which option is selected for different types of VAT entries in Purchase Invoice or Sales Invoice? |
| A. | Applicable VAT |
| B. | Not Applicable |
| C. | Not Applicable VAT |
| D. | No Applicable |
| Answer» B. Not Applicable | |
| 91. |
Which of the following is not compulsory to create while entry in Accounts with Inventory? |
| A. | Stock Groups |
| B. | Stock Items |
| C. | Stock Categories |
| D. | Units of Measure |
| Answer» C. Stock Categories | |
| 92. |
Which reports are prepared monthly in Tally? |
| A. | Profit & Loss A/C |
| B. | Balance Sheet |
| C. | Trial Balance |
| D. | Cash Flow of Funds Flow |
| Answer» C. Trial Balance | |
| 93. |
VAT Structure is beneficial for whom? |
| A. | Trader |
| B. | Balance Sheet |
| C. | Trial Balance |
| D. | Cash Flow or Funds Flow |
| Answer» D. Cash Flow or Funds Flow | |
| 94. |
By which option Purchase or Sales register can be viewed? |
| A. | Statutory Books |
| B. | Inventory Books |
| C. | Accounts Books |
| D. | Display |
| Answer» C. Accounts Books | |
| 95. |
Which option is used to view Stock Items or Group Summary? |
| A. | Accounts Books |
| B. | Inventory Books |
| C. | Statutory Books |
| D. | Display |
| Answer» B. Inventory Books | |
| 96. |
Which option is used to view VAT or TDS computation? |
| A. | Accounts Books |
| B. | Statutory Books |
| C. | Display |
| D. | Inventory Books |
| Answer» B. Statutory Books | |
| 97. |
Financial year normally ends no? |
| A. | 30 April |
| B. | 31 March |
| C. | 1 April |
| D. | 31 December |
| Answer» B. 31 March | |
| 98. |
Default invoice mode is on for Sales or Purchase entry. Which key should be pressed for entry of sales or Purchase as a voucher? |
| A. | Alt + V |
| B. | Ctrl + V |
| C. | Alt + F8 |
| D. | Alt + F9 |
| Answer» B. Ctrl + V | |
| 99. |
We can change the Company Information from |
| A. | Company Info > Back up |
| B. | Company Info > Alter |
| C. | Company Info > Split Company Data |
| D. | None of these |
| Answer» B. Company Info > Alter | |
| 100. |
Company Restore option is available in |
| A. | Company Features |
| B. | Company Information |
| C. | Configuration |
| D. | None of these |
| Answer» B. Company Information | |
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