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Tally.ERP 9 Gyan

Total questions: 20

Worksheet time: 7mins

Name
Class
Date
1.

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

a)

During Company Creation

b)

F12

c)

Need to Install Separately

d)

F11:-F1: Banking Features

2.

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

a)

Need to install separately

b)

Sub-Group is not available.

c)

None of the above

d)

Yes

3.

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

a)

Rates are Static & they never change

b)

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

c)

Yes we can

d)

None of the above

4.

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

a)

Company Creation Screen

b)

F12

c)

Not a default feature of Tally

d)

F11

5.

Allocating revenue ledgers helps you to generate ____________

a)

Cost Center reports on Expense done

b)

Cost Center reports on Banking Transactions

c)

Profit Center reports on Income

d)

All these

6.

Cost Centers can be enabled for ___________

a)

Ledgers

b)

Groups

c)

Stock Items

d)

Stock Group

7.

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

a)

Deductee

b)

Deductor

c)

GSTP

d)

CA

8.

________ Files the Return with Form____ to Income tax Department.

a)

Decutor, 16A

b)

Deductor, 27Q

c)

Deductee, 16A

d)

Deductor, 26Q

9.

‘Realized Forex Gain or Loss’ arises, when _____________

a)

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

b)

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

c)

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

d)

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

10.

Partially-completed goods that are still in the production process

are called __________

a)

Finished Good

b)

Work-in-progress (WIP)

c)

Raw Materials

d)

Components

11.

Where can we store ‘Multiple addresses’ for our Company?

a)

Gateway of Tally F12 Configure

b)

Company Alteration Screen

c)

In Sales Invoice (F8) F12 Configure

d)

F11 Features Accounting Features

12.

‘Compound interest’ calculation can be set through _____________

a)

F11 Features

b)

Ledger Alteration Screen

c)

Gateway of Tally - F12 Configure

d)

Voucher Class

13.

Interest is calculated and posted into the ledger account through

Voucher Type _____________

a)

Payment

b)

Debit / Credit Note

c)

Receipt

d)

Journal

14.

Multiple percentage of interest calculation for different periods for single invoice amount (for e.g. 10% for 30 days, 12% from 30 to 90 days, 14% after 90 days) can be set in _____________

a)

F11 Features

b)

Interest Parameters screen in Invoice / Voucher

c)

F12 Configure in voucher

d)

Above scenario cannot be set

15.

‘Batches’ for a Stock Item is maintained for _____________

a)

Identifying Finished Stock Item with

Unique number

b)

Knowing the purchase date of the

Stock Item

c)

Knowing Supplier Name of the Stock Item

d)

Knowing Part Number of Stock Item

16.

What is the GST Rate that will apply for ‘Composite Supply’ _____________

a)

Tax rate of the item which has the HIGHEST RATE OF TAX.

b)

The tax rate of the principal supply will apply on the entire supply

c)

Tax rate of the item which has the LOWEST RATE OF TAX.

d)

The tax rate of the supplementary supply will apply on the entire supply

17.

Which feature under security control helps to define the password format for a company?

a)

Users and Passwords

b)

Password Policy

c)

Types of Security

d)

All of these

18.

Audit listing can be done for ________ .

a)

Voucher Level

b)

Master Level

c)

User Level

d)

All 3 levels

19.

Which security level needs to be used to allow the user to login remotely?

a)

Owner

b)

Tally.NET user

c)

Data Entry

d)

Administrator

20.

You don’t want to receive the remaining quantity from a supplier. How can you handle this in Tally?

a)

Delete the order

b)

Alter the order

c)

Pre-Closure done

d)

Rejection out