TALLY WITH GST MOCK TEST-4 1 / 30 For recording the attendance and production details, you need ______. Cost Centre Payroll Masters Cost Category Payroll Category 2 / 30 An employee group can be deleted by pressing which of these key(s)? Alt+D Ctrl+D Alt+F Alt+F6 3 / 30 In GST, all imports and unregistered supplies are earmarked as reverse charge mechanism. True False 4 / 30 Payroll Units can be either Simple or Compound. True False 5 / 30 The keyboard shortcut for opening an Attendance voucher is ______. Ctrl+S Ctrl+F5 Ctrl+F6 Ctrl+F7 6 / 30 A ______ is a financial statement which shows the financial position of a firm. Balance Sheet Maintain Multiple Godowns Trial Balance Day book 7 / 30 Under which group is the ledger for IGST created? Capital account Duties & Taxes Sundry Creditor Sundry Debtor 8 / 30 As per the Income Tax Act, every corporate and government entity is liable for ______ of TDS. Bills Payable Deduction Manufacturing Stock journal 9 / 30 Tally relies on which basic unit to compute employee payment? Bills Payable Attendance/Payment Type Attendance/Production Type Payroll Masters 10 / 30 The option ‘Maintain more than one payroll or cost category?’ can be seen on which screen? Accounting Features Inventory Features Statutory Features TSS Features 11 / 30 You can enter detailed information about all your employees through the Multiple Employee Creation screen. True False 12 / 30 If you received an advance amount of Rs. 10,000 then you should make this entry as a/an ____ receipt. Advance Payment Receipt Memo 13 / 30 If you set Exempted as the Taxability option, Tally takes the default tax percentage as ______. 0 100 50 10 14 / 30 To create the TDS Nature of Payment, you need to go to Gateway of Tally > Accounts Info. > Statutory Info. > TDS Nature of Pymts> Create. True False 15 / 30 If you purchased 100 LED lights from an unregistered dealer, you do not need to enter the GST number while recording this transaction. True False 16 / 30 The salary components constituting an employee’s pay structure are called ______. Salary Details Pay Heads Advance Outstanding 17 / 30 There are _____ types of Payroll Vouchers in Tally 2 3 4 1 18 / 30 In case of taxable exports, which of these taxes is applicable? IGST CGST SGST UTGST 19 / 30 _______ is one of the modes for collecting the income tax at the source. TCS TDS Service Tax GST 20 / 30 ______ are used to define a Pay Structure of an Employee or an Employee Group. Pay Heads Salary Details Outstanding Advance 21 / 30 The keyboard shortcut Ctrl+F12 helps you to perform which action? View Ledger Balance Display Nominal Account View the balance sheet None of the above 22 / 30 You need to use the _____ format to upload different GST reports on the GST portal. XLS DOC JSON PPT 23 / 30 In Tally, to enable payroll for a company, which keyboard shortcut is used? F1 F11 F12 F2 24 / 30 In economics, the term SEZ stands for ______. Supportive Economic Zone Special E- Commerce Zone Simple Environmental Zone Special Economic Zone 25 / 30 In Tally, you can book expenses by recording the ____ voucher. Receipt Journal Payment None of the above 26 / 30 To make a payment entry, you should select Accounting Vouchers and press the ____key from the keyboard. F4 F2 F5 F3 27 / 30 The term 'intrastate outward services' refers to _______. Sales within the same state Sales within the other state Sales within the Country None of these 28 / 30 If the supplier purchases goods or services from another state then this purchase will attract IGST. True False 29 / 30 In the GSTR-2 report, the exempted tax amount can be seen under _____. Exempted Tax Amount Dicount Taxable 30 / 30 Tax Deducted at Source (TDS) is an indirect tax collected at the prescribed rate from the income source. True False Your score isThe average score is 80% 0% Restart quiz