TALLY WITH GST MOCK TEST-5 1 / 28 If you set Exempted as the Taxability option, Tally takes the default tax percentage as 0 Taxable 100 50 2 / 28 Which of these is neither a register nor a ledger type recognized by Tally? Purchase Entry Sales Entry Contra Entry Voucher Entry 3 / 28 Ideally, the _______ voucher should be used when the company buys goods. Purchase Sale Stock Journal Journal 4 / 28 GSTR-2 shows statutory reports for purchase in Tally. True False 5 / 28 To separately record interstate and intrastate purchase ledgers, there is no need to create a separate interstate purchase taxable ledger. True False 6 / 28 To honoured expiry batches sales transaction in Tally enable it from _________ F12- Configure F11- Configure F2- Configure F1- Configure 7 / 28 If you need to pay money on a bill, the bill becomes ______. Bills Dr. Bills Payable Bills Cr. Bills Refundable 8 / 28 Using the key combination Alt+T will allow you to enter the subtitle of the Balance Sheet report? True False 9 / 28 In Manufacturing company you can consider different items as part of the same batch if these items have the same_____ date. Manufacturing Purchase Sales Stock Categories 10 / 28 While taking backup,______ is the location where the data backup files for multiple companies are stored. Destination Source Path Drive 11 / 28 enabling this option ,you will be able to create and alter scenarios. (use reversing journal and Memo vouchers ) (use journal and Memo vouchers ) (use Payment and optional vouchers ) (use reversing journal and optional vouchers ) 12 / 28 If you made the payment through a cheque then you need to create the nature of payment for commission expenses. True False 13 / 28 The components of a structured salary are created under ______. Pay head Salary head Accounting Master Salary Details 14 / 28 The shortcut key ____ is used to create a voucher for purchase of goods. F7 F8 F9 F10 15 / 28 Manufacturing Journal voucher is created under ______ Reverse journal Manufacturing journal Stock journal journal 16 / 28 The keyboard shortcut Alt+F12 helps you to perform__________ action on Profit and Loss account? Country range of information Inter-state range of information Company range of information State range of information 17 / 28 Foreign Currency creation screen allow you to create base currency in Tally True False 18 / 28 The pre-defined cash ledger comes under the _____ group. Cash Cash- in- hand Multi Currency Digital Currency 19 / 28 Press_______ short cut key to see predefined vouchers from the "List of accounts" screen. Ctrl+G Ctrl+S Ctrl+U Ctrl+V 20 / 28 Which of these accounts are different types of incomes or expenses? Personal Account Real Account Nominal Account Debit Account 21 / 28 Accounting is the process of systematically recording, classifying, and summarizing the financial information. True False 22 / 28 While restoring files, first select_____ and then_____. Source, Destination Destination, Source Drive, Backup All of these 23 / 28 A _____ is the record of an authenticated document for different materials taken out from the stock for different purposes. Stock Batch Inventory Category 24 / 28 Which of these are non-accounting vouchers? Accounting Journal Voucher and Memo Voucher Reversing Journal Voucher and Memo Voucher Debit Note and Credit Note None of these 25 / 28 To submit the TDS details for all payments except for the salaries paid on monthly basis, form 26Q is required. True False 26 / 28 Which of these vouchers lists all transactions made on a particular day? Day Book Salary Book Cash Book Bank Book 27 / 28 You should use this voucher when your company sale some goods. Purchase Sale Journal Memo 28 / 28 Which shortcut key is used to configure a stock item from Stock Item creation screen F9 F10 F11 F12 Your score isThe average score is 82% 0% Restart quiz