Tally ERP MCQ Multiple Choice Questions Answers

Q: 65. Which group [Under] is selected in Input VAT or Output VAT?

Correct Answer is: Duties & Taxes

Q: 66. Which group [Under] is selected in Input Additional Tax or Output Additional Tax?

Correct Answer is: Duties & Taxes

Q: 69. By default, which mode is on in Purchase and Sales voucher?

Correct Answer is: Item Invoice Mode

Q: 70. Which step is followed to view Purchase Register?

Correct Answer is: Gateway of Tally? Display ? Account Books ? Purchase Register

Q: 71. By which report we can come to know if VAT is payable or refundable.

Correct Answer is: VAT Computation

Q: 72. Which will be group of VAT Adjustment ledger?

Correct Answer is: Duties & Taxes

Q: 73. TDS is applied on which of the following incomes?

Correct Answer is: All of these

Q: 74. On which of the following incomes TDS in not applied?

Correct Answer is: Cable Operator

Q: 75. According to law who has to pay TDS to the Income Tax Department?

Correct Answer is: Service Receiver

Q: 79. Which step is appropriate to view TDS Nature of Payment?

Correct Answer is: Gateway of Tally? Display ? Statutory Info.? TDS Nature of Payment

61. What percent of additional Tax is applied in VAT is 4%?

1%
4%
2.50%
1.50%

62. What percent of Additional Tax is applied if VAT in 12.5%?

1%
2.50%
4%
1.50%

63. Which shortcut key is used to enable Value Added Tax?

F1
F5
F11
F12

64. Which shortcut key is pressed to set Yes in Allow Selection of VAT/Tax class during entry?

F11
F12
F3
F5

65. Which group [Under] is selected in Input VAT or Output VAT?

Duties & Taxes
Indirect Expenses
Direct Expenses
Sundry Creditors

66. Which group [Under] is selected in Input Additional Tax or Output Additional Tax?

Direct Expenses
Indirect Expenses
Duties & Taxes
Sundry Creditors

67. Which shortcut key is pressed to create a new Ledger during voucher entry?

Alt + C
Alt + X
Alt + D
Alt + A

68. Which shortcut key is pressed for voucher entry or deleting a ledger?

Alt + A
Alt + C
Alt + X
Alt + D

69. By default, which mode is on in Purchase and Sales voucher?

Norma Mode
Item Invoice Mode
Particulars Mode
None of these

70. Which step is followed to view Purchase Register?

Gateway of Tally? Display ? Sales Register
Gateway of Tally? Account Books ? Sales Register
Gateway of Tally? Display ? Account Books ? Purchase Register
None of these

71. By which report we can come to know if VAT is payable or refundable.

E-VAT forms
VAT Computation
VAT forms
None of these

72. Which will be group of VAT Adjustment ledger?

Indirect Expenses
Indirect Incomes
Duties & Taxes
None of these

73. TDS is applied on which of the following incomes?

Commission of lottery ticket
Professional Fee
Salary Income (Contract)
All of these

74. On which of the following incomes TDS in not applied?

Advertisement Income
Cable Operator
Rent income from land or home
Insurance Commission

75. According to law who has to pay TDS to the Income Tax Department?

Service Receiver
Service Receiver
Service Provider and Service Receiver both
There is no such provision

76. What is the TDS exemption limit for contractor and sub-contractor?

5000
10000
20000
50000

77. What is the TDS exemption limit for professional fees like Audit fees, Consultancy fees,Training fees?

15000
20000
25000
50000

78. Which shortcut key is used to enable Tax Deducted at Source [TDS]?

F9
F11
F12
Alt + F12

79. Which step is appropriate to view TDS Nature of Payment?

Gateway of Tally? Display ? TDS Nature of Payment
Gateway of Tally? Statutory Info.? TDS Nature of Payment
Gateway of Tally? Display ? Statutory Info.? TDS Nature of Payment

80. Which group [Under] should be selected for TDS on Advertisement A/C?

Indirect Expenses
Duties & Taxes
Indirect Incomes
Sundry Creditors

81. Which group [Under] should be selected for TDS on Professional or Technical ServicesA/C?

Indirect Expenses
Indirect Incomes
Duties & Taxes
None of these

82. In which voucher type entry is done for TDS calculations?

F5:Payment
F6:Receipt
F7:Journal
F4:Contra

83. In which voucher type, amount of VAT or TDS payable to the government will be noted?

F5:Payment
F4:Contra
F6:Receipt
F7:Journal

84. Amount payable as TDS can be known by which report in Tally?

Computation
E-Return
Print Form 16A
Form-26

85. Which shortcut key is used to take print of VAT or TDS reports?

Ctrl + P
Shift + P
Alt + P
Ctrl + Alt + P

86. Which is the shortcut key to zoom TDS Challan?

Alt + P
Alt + Z
Ctrl + Z
Ctrl + Alt + Z

87. Which website should be visited to get any information related to TDS?

www.income tax.gov.in
www.incometax india.gov.in
www.tdsindia.gov.in
www.incometax india.org.in

88. Which option is used to print From 16A of TDS?

Gateway of Tally? StatutoryReport ? Return ? Print Form 16A
Gateway of Tally? Return ? Print Form 16 A
Gateway of Tally? TDS Reports ? Return ? Print Form 16 A
Gateway of Tally? Display ? Statutory Report ? TDS Reports ? Return ? PrintForm 16A

89. Which shortcut key is used to set No in Use Common Ledger A/c for Item Allocation?

Alt + F11
F11
Alt + F12
F12

90. Which option is selected for different types of VAT entries in Purchase Invoice or SalesInvoice?

Applicable VAT
Not Applicable
Not Applicable VAT
No Applicable

Tally ERP MCQ Multiple Choice Questions Answers - Page 3 for Practice

61. What percent of additional Tax is applied in VAT is 4%?

62. What percent of Additional Tax is applied if VAT in 12.5%?

63. Which shortcut key is used to enable Value Added Tax?

64. Which shortcut key is pressed to set Yes in Allow Selection of VAT/Tax class during entry?

65. Which group [Under] is selected in Input VAT or Output VAT?

66. Which group [Under] is selected in Input Additional Tax or Output Additional Tax?

67. Which shortcut key is pressed to create a new Ledger during voucher entry?

68. Which shortcut key is pressed for voucher entry or deleting a ledger?

69. By default, which mode is on in Purchase and Sales voucher?

70. Which step is followed to view Purchase Register?

71. By which report we can come to know if VAT is payable or refundable.

72. Which will be group of VAT Adjustment ledger?

73. TDS is applied on which of the following incomes?

74. On which of the following incomes TDS in not applied?

75. According to law who has to pay TDS to the Income Tax Department?

76. What is the TDS exemption limit for contractor and sub-contractor?

77. What is the TDS exemption limit for professional fees like Audit fees, Consultancy fees,Training fees?

78. Which shortcut key is used to enable Tax Deducted at Source [TDS]?

79. Which step is appropriate to view TDS Nature of Payment?

80. Which group [Under] should be selected for TDS on Advertisement A/C?

81. Which group [Under] should be selected for TDS on Professional or Technical ServicesA/C?

82. In which voucher type entry is done for TDS calculations?

83. In which voucher type, amount of VAT or TDS payable to the government will be noted?

84. Amount payable as TDS can be known by which report in Tally?

85. Which shortcut key is used to take print of VAT or TDS reports?

86. Which is the shortcut key to zoom TDS Challan?

87. Which website should be visited to get any information related to TDS?

88. Which option is used to print From 16A of TDS?

89. Which shortcut key is used to set No in Use Common Ledger A/c for Item Allocation?

90. Which option is selected for different types of VAT entries in Purchase Invoice or SalesInvoice?

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Tally ERP MCQ Multiple Choice Questions Answers - Page 3 for Practice

61. What percent of additional Tax is applied in VAT is 4%?

62. What percent of Additional Tax is applied if VAT in 12.5%?

63. Which shortcut key is used to enable Value Added Tax?

64. Which shortcut key is pressed to set Yes in Allow Selection of VAT/Tax class during entry?

65. Which group [Under] is selected in Input VAT or Output VAT?

66. Which group [Under] is selected in Input Additional Tax or Output Additional Tax?

67. Which shortcut key is pressed to create a new Ledger during voucher entry?

68. Which shortcut key is pressed for voucher entry or deleting a ledger?

69. By default, which mode is on in Purchase and Sales voucher?

70. Which step is followed to view Purchase Register?

71. By which report we can come to know if VAT is payable or refundable.

72. Which will be group of VAT Adjustment ledger?

73. TDS is applied on which of the following incomes?

74. On which of the following incomes TDS in not applied?

75. According to law who has to pay TDS to the Income Tax Department?

76. What is the TDS exemption limit for contractor and sub-contractor?

77. What is the TDS exemption limit for professional fees like Audit fees, Consultancy fees,Training fees?

78. Which shortcut key is used to enable Tax Deducted at Source [TDS]?

79. Which step is appropriate to view TDS Nature of Payment?

80. Which group [Under] should be selected for TDS on Advertisement A/C?

81. Which group [Under] should be selected for TDS on Professional or Technical ServicesA/C?

82. In which voucher type entry is done for TDS calculations?

83. In which voucher type, amount of VAT or TDS payable to the government will be noted?

84. Amount payable as TDS can be known by which report in Tally?

85. Which shortcut key is used to take print of VAT or TDS reports?

86. Which is the shortcut key to zoom TDS Challan?

87. Which website should be visited to get any information related to TDS?

88. Which option is used to print From 16A of TDS?

89. Which shortcut key is used to set No in Use Common Ledger A/c for Item Allocation?

90. Which option is selected for different types of VAT entries in Purchase Invoice or SalesInvoice?

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