Tally Professional 4.0 Mock test -1

Ms. Tanuja, accountant of Shri Manjunath corporation had a created a mapping template for masters in Tally prime before importing the excel data to tally prime. what is the importance of mapping the template?

• To speed up the import process

• To ensure that the import process fails

• To ensure the backup of mapping template

• To identify and rectify an potential issues with the mapping then import does not fail

Which of the following behavior helps the user choose the import feature in Tally prime for data validation?

• Record exceptions and resolve errors from a single report

• Complicate the data validation process

• Depends on manual validation

• Create unnecessary errors in data

What happens when the option " Stop Import at First Exception" is selected, during the import process in Tally prime

• All Exceptions are ignored

• The import proceeds without any interruption

• The import process stops at the first identified exception

• Exceptions are recorded for further review

In which format does Tally prime allow to import data from external software ?

• Both Excel & XML format

• PDF format

• Only XML format

• Only Excel format

SLV enterprises PVT LTD received a bill for 3,60,000 against Rent on building from Ganapati Trade Links. Since Liability amount exceeds the exemption limit of 2,40,000 for the TDS nature of payment- Rent on Land, Building, or Furniture, the company decided to deduct the TDS at the rate of 10% in same bill.

From the given business scenario, find out the TDS duty amount

• 2400

• 24000

• 3600

• 36000

In Tally prime , the option " Copy from Parent value" in the salary details alteration screen will copy the pay structure from the category to an Employee master

• True

• False

Which of the following system is used to validate the authenticity of the GST e-invoices?

• Invoice Registration Portal (IRP)

• Invoice Registration Number (IRN)

• Application Programming Interface (API)

• Invoice Reference Number( IRN)

In Tally Prime, You can enable "Use for job costing" option only during the alteration of cost centres

• False

• True

An employee can encash a portion of his PF amount from PF account number 1 using Form 10C and Form 19 from the EPFO portal

• True

• False

Under the GST regime, if the purchases are made on 1st April 2023, the purchase returns of goods can be done before filing the return of subsequent financial year ie 1st April 2024

• True

• False