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) .
| 151. |
ETCS means |
| A. | Enable Tax Collected at Source |
| B. | Electronic Tax Collected at Source |
| C. | Electric Tax Collected at Source |
| D. | None of these |
| Answer» B. Electronic Tax Collected at Source | |
| 152. |
What is TAN? |
| A. | Tax Account Number |
| B. | Tax Assessment Number |
| C. | Tax Assignment Number |
| D. | None of these |
| Answer» B. Tax Assessment Number | |
| 153. |
To get Payroll Reports choose |
| A. | Gateway of Tally > Display |
| B. | Gateway of Tally > Display > Statement of Accounts |
| C. | Gateway of Tally > Display > Statement of Payroll |
| D. | Gateway of Tally > Display > Payroll Reports |
| Answer» D. Gateway of Tally > Display > Payroll Reports | |
| 154. |
How can we see Vat Reports? |
| A. | Gateway of Tally > Display |
| B. | Gateway of Tally > Vat Reports |
| C. | Gateway of Tally > Display > Statutory Info |
| D. | Gateway of Tally > Display> Statutory Reports |
| Answer» D. Gateway of Tally > Display> Statutory Reports | |
| 155. |
BOM represents |
| A. | Billing of Machines |
| B. | Bill of Materials |
| C. | Bill of Maintenance |
| D. | None of these |
| Answer» B. Bill of Materials | |
| 156. |
"Alias" represents |
| A. | Short name |
| B. | Nick name |
| C. | Code name |
| D. | All of these |
| Answer» D. All of these | |
| 157. |
To change the date, shortcut used |
| A. | Alt+F2 |
| B. | Alt+F3 |
| C. | F2 |
| D. | F1 |
| Answer» C. F2 | |
| 158. |
If we purchase any fixed asset in credit, we can pass it from |
| A. | Payment mode |
| B. | Receipt mode |
| C. | Journal mode |
| D. | Contra mode |
| Answer» C. Journal mode | |
| 159. |
Transfer of materials from one godown to another godown, use |
| A. | Manufacturing Journal |
| B. | Stock Journal |
| C. | Purchase Journal |
| D. | Both A & B |
| Answer» B. Stock Journal | |
| 160. |
Recording of actual stock as physically verified or counted is done through |
| A. | Journal |
| B. | Stock Journal |
| C. | Physical Stock |
| D. | Sales |
| Answer» C. Physical Stock | |
| 161. |
Service Tax Report can be seen from |
| A. | Display > Day Book |
| B. | Display > Account Books |
| C. | Display > Statutory Masters |
| D. | Display > Statutory Reports |
| Answer» D. Display > Statutory Reports | |
| 162. |
Payroll Auto fill is done through |
| A. | Ctrl + A |
| B. | Alt + A |
| C. | Ctrl + B |
| D. | Alt + B |
| Answer» B. Alt + A | |
| 163. |
What is the full form of TCS? |
| A. | Tax Collected by Staff |
| B. | Tax Consumption at Source |
| C. | Tax Collected at Source |
| D. | Tax Collected from Sales |
| Answer» C. Tax Collected at Source | |
| 164. |
The shortcut used for Sales Order is |
| A. | Alt+F4 |
| B. | Alt+F5 |
| C. | Alt+F7 |
| D. | Alt+F8 |
| Answer» B. Alt+F5 | |
| 165. |
Budget represents …………………… |
| A. | Estimation |
| B. | Forecasting |
| C. | Assumption |
| D. | All of these |
| Answer» D. All of these | |
| 166. |
Find out which is not a Default Ledger in Tally |
| A. | Cash in Hand |
| B. | Capital Account |
| C. | Profit & Loss |
| D. | None of these |
| Answer» D. None of these | |
| 167. |
The Profit & Loss statement can be displayed in ----------- ----- format(s). |
| A. | Horizontal |
| B. | Vertical |
| C. | A or B |
| D. | None of the above |
| Answer» C. A or B | |
| 168. |
Default ledger accounts in tally are ______ |
| A. | Balance sheet & profit & loss profit & loss and trial balance |
| B. | Profit & loss and trial balance |
| C. | Cash and profit & loss |
| D. | Cash and bank |
| Answer» C. Cash and profit & loss | |
| 169. |
Default 'godown' name in tally is ____________ |
| A. | Primary |
| B. | Main location |
| C. | A or b |
| D. | None of the above |
| Answer» B. Main location | |
| 170. |
'Tally vault' is a _________________ |
| A. | Security mechanism |
| B. | Ledger a/c |
| C. | Cost category |
| D. | None of the above |
| Answer» A. Security mechanism | |
| 171. |
To create a sales voucher in tally, you have to press _______ |
| A. | F5 |
| B. | F7 |
| C. | F8 |
| D. | F9 |
| Answer» C. F8 | |
| 172. |
A Group Company is ------------------------- given to the merged accounts of member companies of the group. |
| A. | a name |
| B. | an identity |
| C. | A and B |
| D. | None of the above |
| Answer» C. A and B | |
| 173. |
In tally you get currency symbol option from _______ menu |
| A. | Company creation |
| B. | Stock items units |
| C. | Regional setting |
| D. | None of the above |
| Answer» A. Company creation | |
| 174. |
------------------ gives the balance for each day for the voucher type has been selected. |
| A. | Trial Balance |
| B. | Daybook |
| C. | Balance Sheet |
| D. | None of the above |
| Answer» B. Daybook | |
| 175. |
For 'stock journal' entry we press ______________ in tally |
| A. | F7 |
| B. | Alt + F7 |
| C. | F10 |
| D. | F11 |
| Answer» B. Alt + F7 | |
| 176. |
Which option lists inventory valuation method in tally? |
| A. | Stock report |
| B. | Stock journal |
| C. | Stock analysis |
| D. | Stock summary |
| Answer» D. Stock summary | |
| 177. |
How to activate the tally audit feature in a company? |
| A. | Press F11 key |
| B. | During the creation of a company |
| C. | In -comp info -> security control-option |
| D. | Press F12 key |
| Answer» B. During the creation of a company | |
| 178. |
What is the predefined number of groups in tally? |
| A. | 16 |
| B. | 28 |
| C. | 128 |
| D. | 228 |
| Answer» B. 28 | |
| 179. |
Which of the following is used for voucher entry? |
| A. | Ledger Account |
| B. | Groups |
| C. | Sub-Groups |
| D. | Depends on number of companies |
| Answer» A. Ledger Account | |
| 180. |
Which of the following user type can view audit list? |
| A. | Tally Vault |
| B. | Owner |
| C. | Data Entry |
| D. | Administrator |
| Answer» D. Administrator | |
| 181. |
How can data be imported in tally ? |
| A. | One company to another company created within Tally Package |
| B. | Other programs - a spreadsheet or a database file. |
| C. | Depends on number of companies |
| D. | Both A and B |
| Answer» D. Both A and B | |
| 182. |
Which of the following file is usually used as a master file? |
| A. | Inventory subsidiary |
| B. | Cash disbursements. |
| C. | Cash receipts. |
| D. | Payroll transactions. |
| Answer» A. Inventory subsidiary | |
| 183. |
What is the advantage of a computer-based transaction processing system? |
| A. | Does not require as stringent a set of internal controls. |
| B. | Will produce a more accurate set of financial statements. |
| C. | Eliminates the need to reconcile control accounts and subsidiary ledgers. |
| D. | Will be more efficient at producing financial statements. |
| Answer» D. Will be more efficient at producing financial statements. | |
| 184. |
Which of the following can be budgeted in tally? |
| A. | Net Transactions |
| B. | Closing Balance |
| C. | Closing Balance |
| D. | A and B |
| Answer» D. A and B | |
| 185. |
Which of the following shows daily balance for a selected voucher type? |
| A. | Daybook |
| B. | Trial Balance |
| C. | Balance Sheet |
| D. | None of the above |
| Answer» A. Daybook | |
| 186. |
Which shortcut key(s) are used to enter a stock journal in tally? |
| A. | F7 |
| B. | Control + F7 |
| C. | Alt + F7 |
| D. | Shift + F7 |
| Answer» C. Alt + F7 | |
| 187. |
How many types of users are present in tally? |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 188. |
Which shortcut key(s) are used to display list of inventory reports within balance sheet? |
| A. | F8 |
| B. | F9 |
| C. | F10 |
| D. | F11 |
| Answer» B. F9 | |
| 189. |
Which of the following is the predefined stock category in tally? |
| A. | Primary |
| B. | Symbol |
| C. | Stock |
| D. | Main location |
| Answer» A. Primary | |
| 190. |
Which file in tally is used to record the import activity ? |
| A. | Tally.dat |
| B. | Tally.ini |
| C. | Tally.imp |
| D. | None of the above |
| Answer» B. Tally.ini | |
| 191. |
Which of the following is compulsory to create while entry in Accounts with Inventory? |
| A. | Stock Groups |
| B. | Stock Items |
| C. | Units of Measure |
| D. | All of these |
| Answer» D. All of these | |
| 192. |
‘Inventory books’ is used to view |
| A. | Stock Items |
| B. | Group Summary |
| C. | Both A and B above |
| D. | None of these |
| Answer» C. Both A and B above | |
| 193. |
Trial balance is prepared on............ basis |
| A. | Monthly |
| B. | Annually |
| C. | Half yearly |
| D. | Any of the above. |
| Answer» D. Any of the above. | |
| 194. |
A............. serves the purpose of both journal and ledger accounts |
| A. | Journal proper |
| B. | Purchase day book |
| C. | Cash book |
| D. | Any of the above |
| Answer» C. Cash book | |
| 195. |
The rate of trade discount varies with the ----------- purchased |
| A. | Total asset |
| B. | Current asset |
| C. | Quantity |
| D. | None of these |
| Answer» C. Quantity | |
| 196. |
A ‘credit note’ is sent by------------- to ---------------- |
| A. | Seller, buyer |
| B. | Buyer, seller |
| C. | Customer, seller |
| D. | Creditor, seller |
| Answer» A. Seller, buyer | |
| 197. |
A ‘Debit note’ is a statement sent to the ------------- by the ---------------- |
| A. | Seller, buyer |
| B. | Buyer, seller |
| C. | Customer, seller |
| D. | Creditor, seller |
| Answer» A. Seller, buyer | |
| 198. |
A trial balance is a--------- |
| A. | Ledger |
| B. | Journal |
| C. | Account |
| D. | List |
| Answer» D. List | |
| 199. |
What type of application software is Tally? |
| A. | Statistics package |
| B. | Spreadsheet package |
| C. | Accounting Package |
| D. | All of these |
| Answer» C. Accounting Package | |
| 200. |
Tally package is developed by |
| A. | Peutronics |
| B. | Tally Solutions |
| C. | Coral Softwares |
| D. | Vedika Softwares |
| Answer» A. Peutronics | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.