Welcome to your Tally Set - 4 1. Which option is used to copy companys data into pen drive or cd? Restore Backup Copy data Split company data None 2. Bad loans in banking terminology are generally known as CBS NPAs Prime Asset BPOs None 3. In general the Financial year from shall be from 31st March of any year 1st April of any year 9th September of any year All of the above None 4. Alias represents Code name Nick name Short name All of these None 5. Double Entry System was introduced in Italy India Japan America None 6. _____ is the shortcut to change the accounting period from Gateway of Tally. F1 Alt+F1 Alt+F2 Alt+F3 None 7. _____ is a record of all monetary transactions. Account Accrual basis Asset Credit None 8. What percent of Additional Tax is applied if VAT in 12.5%? 1% 1.50% 2.50% 4% None 9. _____ is the shortcut for purchase voucher in Tally. F5 F9 Alt+F4 Alt+F5 None 10. To change Current Date from Gateway of Tally press the key F1 F2 F5 F9 None 11. How many type of companies can be created in Tally? 2 3 4 5 None 12. Stock maintained for production purpose is called Inventory Trial balance Ledger Payroll None 13. Allow components list details (Bill Materials) option is activated for Budgets Stock Items Ledgers Cost Category None 14. Which shortcut key is used to set No in Use Common Ledger A/c for Item Allocation? F11 F12 Alt + F11 Alt + F12 None 15. _____ is the shortcut to post dated voucher from Accounting vouchers in Tally. Alt+I Ctrl+V Ctrl+T Ctrl+F10 None 16. ____ is the shortcut to payroll as Voucher from Payroll Vouchers in Tally. Alt+A Alt+S Ctrl+F4 Ctrl+F5 None 17. The tax collected by the seller from the buyer is generally called Value Added Tax (VAT) Fringe Benefit Tax (FBT) Tax Collected at Source (TCS) Tax Deducted at Source (TDS) None 18. Which shortcut key is used to shut opened company in Tally? F1 F3 Alt+F1 Alt+F3 None 19. The tax collected by the employer towards income of an employee is called Value Added Tax (VAT) Fringe Benefit Tax (FBT) Tax Collected at Source (TCS) Tax Deducted at Source (TDS) None 20. How to activate the tally audit feature in a company? Press F12 key In comp info-> security control-option During the creation of a company Press F11 key None 21. TDS is applied on which of the following incomes? Salary Income (Contract) Commission of lottery ticket Professional Fee All of these None 22. How many groups are pre-defined in Tally? 15 19 28 30 None 23. What is the advantage of a computer-based transaction processing system? Will be more efficient at producing financial statements. Eliminates the need to reconcile control accounts and subsidiary ledgers. Will produce a more accurate set of financial statements. Does not require as stringent a set of internal controls. None 24. To change the date, shortcut used F1 F2 Alt+F2 Alt+F3 None 25. To see the report of unconventional vouchers go to Display- Trial Balance Display- Exception Reports Display- Account Books Display- Day Book None Share this:TweetEmailTelegramPrintWhatsAppLike this:Like Loading... Related Posts (You May Also Read):