Tally.ERP 9 Gyan

In Tally.ERP 9, we can activate the required banking features from ___?

• During Company Creation

• F12

• Need to Install Separately

• F11:-F1: Banking Features

Is it possible to create sub-Groups under an existing Stock group ?

• Need to install separately

• Sub-Group is not available.

• None of the above

• Yes

In case of any GST rate change, can we modify the old rate with the new one in Tally?

• Rates are Static & they never change

• We need to create a new item with updated GST Rate.

• Yes we can

• None of the above

To set the budget for any expenses, we need to activate it from _________?

• Company Creation Screen

• F12

• Not a default feature of Tally

• F11

Allocating revenue ledgers helps you to generate ____________

• Cost Center reports on Expense done

• Cost Center reports on Banking Transactions

• Profit Center reports on Income

• All these

Cost Centers can be enabled for ___________

• Ledgers

• Groups

• Stock Items

• Stock Group

Who is responsible for remitting the TDS amount to the Government?

• Deductee

• Deductor

• GSTP

• CA

________ Files the Return with Form____ to Income tax Department.

• Decutor, 16A

• Deductor, 27Q

• Deductee, 16A

• Deductor, 26Q

‘Realized Forex Gain or Loss’ arises, when _____________

• Foreign currency transaction is not complete and there is fluctuation in forex rates

• Foreign currency transaction is not complete and there is fluctuation in forex rates

• Foreign currency transaction is complete and there is fluctuation in forex rates

• Foreign currency transaction is complete and there is no fluctuation in forex rates

Partially-completed goods that are still in the production process

are called __________

• Finished Good

• Work-in-progress (WIP)

• Raw Materials

• Components