tally prime set 1

PAPER CODE -MR09 SUBJECT :-- TALLY PRIME TIME : 1 HRS

online paper

The question paper contains 100 objective .Each correct answer carry one marks &wrong answer carry negative marking 0.24

 

1. Prefix is one of the .........................code in tally
   1.   Numeric code
   2.   Alphanumeric code
   3.   invoice code
   4.   Bill no.
2. Quotation is a ........................
   
   1.   informal statement
   2.   Formal statement
   3.   invoice
   4.   offer letter
3. BOM is called as a ..........................
   1.   package
   2.   material
   3.   Row material
   4.   single items
4. Due to insolvency of the customer is called as a ...................
   1.   indirect expenses
   2.   Bad debt
   3.   sundry debtor
   4.   none of these
5. A budget helps to achieve such..........................tracking
   1.   income control
   2.   Expense control
   3.   analyse variance
   4.   B & C both
6. Transportation of Goods by Road is done by Transporter is called as .......................
   1.   service tax
   2.   sale tax
   3.   Transport account
   4.   all of above
7. when you purchase product and service it is a pass though tax meaning you collect from customers is called as a ......................
   1.   service tax
   2.   sale tax
   3.   income tax
   4.   all of these
8. A cheque received and deposited into bank the same day will be recoded in cash book in
   1.   bank column in debit side
   2.   cash column in credit side
   3.   cash column in debit side
   4.   bank account
9. The processing of ascertaining the balance of a particular account on a given date is ........................
   1.   posting
   2.   journalizing
   3.   Balancing
   4.   Accounting
10. ............is the example of tangible assets.
    1.   Furniture
    2.   Debitor
    3.   patient
    4.   discount on issue of shares and debentures
11. when a cheque deposited into bank is dishonoured by bank , it will be recorded in cash book in
    1.   bank column on credit side
    2.   bank column on debit side
    3.   cash on credit side
    4.   cash on debit side
12. capital of the company is included under ..............
    1.   capital account
    2.   Fixed liabilities
    3.   loans and advanced
    4.   current liabilitie
13. Accured income comes under ...................
    1.   current liability
    2.   capital
    3.   current assets
    4.   Fixed assets
14. salary account comes under which head
    1.   iindirect incomes
    2.   indirect Expenses
    3.   Direct income
    4.   Direct Expenses
15. carriage inwards can be included in
    1.   Direct Expenses
    2.   current liability
    3.   indirect Expenses
    4.   misc expenses
16. Transaction is entered in which of the following
    1.   journal
    2.   ledger
    3.   Trial balance
17. which liabllities are payable after a long period
    1.   current
    2.   fixed
    3.   miscellaneous
    4.   all of these
18. vat stand for ...................
    1.   vat and tax
    2.   vat and transaction
    3.   value added tax
    4.   none of these
19. E way bill imposed on ..................
    1.   interstate
    2.   intrastate
20. Excise duty produce on .................
    1.   mfg product
    2.   Row matrial
    3.   Finish Goods
    4.   none of these
21. sales tax act is implemented in which area..................
    1.   punjab
    2.   sindh
    3.   uttrakhand
    4.   whole of india
22. TDS return Filled ..................
    1.   Monthly
    2.   Quarterly
    3.   Half Yearly
    4.   Annually
23. H.S.N. Code is called as .................
    1.   uniform code
    2.   Harmonized system of nomenclature
    3.   A and b both
    4.   binary code
24. Bought horse Rs 1500 ,carriage 200,deliver goods to customers ,who is comes under ........
    1.   DR
    2.   CR
25. petrol and diesal comes under..............
    1.   Gst account
    2.   non Gst a/c
    3.   A & B
    4.   sale tax
26. when we accumulated interest from previous period ,called ..............
    1.   simple interest
    2.   decrease asset value
27. depreciation and appreciation always ........
    1.   Increase & decrease asset value
    2.   decrease asset value
28. when proprietor withdrew some money for own sake...........
    1.   DRAWING ACCOUNT
    2.   REAL ACCOUNT
    3.   NOMINAL ACCOUNT
29. sale tax collected form .........
    1.   CUSTOMERS
    2.   BUYER
    3.   SELLER
    4.   NONE OF THESE
30. when consumer pay service to service provider while paying the bill called .....
    1.   SERVICE TAX
    2.   SALE TAX
    3.   TDS
    4.   GST
31. service tax introduced in the year of ...................
    1.   1994
    2.   1995
    3.   1996
    4.   1 997
32. Excise duty often associated with..............
    1.   indirect tax
    2.   direct tax
    3.   custom duty
    4.   all of above
33. Forex rate one of the ..........
    1.   Rate of exchange
    2.   symbol
    3.   multi currency
    4.   foreign currency
34. command for e-mailing in tally ............
    1.   ALT+M
    2.   CTRL+M
    3.   SHIFT+M
    4.   ALT+SHIFT+M
35. Gst purchase report can displayed in ...............
    1.   Gstr-1
    2.   Gstr-2
    3.   Gstr-3
    4.   none
36. command for using to seprate actual bill
    1.   F11
    2.   F2
    3.   F12
    4.   F10
37. To cancel the voucher
    1.   alt+d
    2.   alt+x
    3.   alt+c
    4.   alt+s
38. inter state purchase used for ........................
    1.   inter state goods
    2.   local purchase
    3.   out of state
    4.   purchase from centre
39. Trade discount allowed to ...
    1.   cash transaction
    2.   credit transaction
    3.   A & B
    4.   none
40. Which TDS certificate issued in respect of tax deducted on salary ....
    1.   Form 16
    2.   Form 16A
    3.   Form 16 B
    4.   none of these
41. T.D.S. dedicated is require to be deposited within ..................day from the end of months in which tds is deducted
    1.   7
    2.   30
    3.   15
    4.   5
42. Which shortcut key is use to pressed view features in tally
    1.   F11
    2.   Alt+f11
    3.   shift+f11
    4.   Ctrl+f10
43. .................is the shortcut to Accounting invoice from Accounting Vouchers in tally
    1.   Alt+i
    2.   Ctrl+f10
    3.   F10
    4.   alt+v
44. Function key is to change the date ................
    1.   Alt+f2
    2.   f2
    3.   f4
    4.   shift+f2
45. which shortcut key are used to display list of inventory reports within balance sheet
    1.   F8
    2.   F9
    3.   F10
    4.   F11
46. Which shortcut key is used to set NO in "use comman ledger A/c for item Allocation
    1.   Alt+f11
    2.   f11
    3.   f12
    4.   f10
47. ...................Is the shortcut to payroll autofill form payroll voucher in tally
    1.   Ctrl+a
    2.   Alt+a
    3.   shift+A
48. .....................is the shortcut to payroll as voucher from payroll voucher in tally
    1.   CTRL+F5
    2.   ALT+S
    3.   ALT+A
    4.   CTRL+F4
49. ..................IS the shortcut to purchase order from payroll voucher in tally
    1.   ALT+F4
    2.   CTRL+F4
    3.   CTRL+F5
    4.   ALT+F5
50. ..................Is the shortcut to rejection in from inventory vouchers in tally
    1.   ALT+F8
    2.   CTRL+F6
    3.   ALT+F6
    4.   ALT+F9
51. ........................Is the shortcut to physical stock verfication from inventory vouchers in tally
    1.   ALT+F10
    2.   ALT+F9
    3.   SHIFT+F10
52. -----------------is the shortcut to indent form inventory voucher in tally
    1.   ALT+F6
    2.   CTRL+F7
    3.   ALT+F8
    4.   CTRL+F9
53. Accounting starts
    1.   where book keeping begins
    2.   where book keeping ends
    3.   where books are not maintained at all
    4.   After preparing final accounts.
54. Rohan has returned goods worth 20000 to Radhey shyam as he found it defective .which document will be prepared by Radheyshyam
    1.   debit voucher
    2.   credit note
    3.   credit voucher
    4.   invoice
55. Extra column may be added to the original trail balance using ..............menu in trial balance
    1.   Budget(Alt+b)
    2.   ALT+R
    3.   ALT+I
    4.   ALT+X
56. Subsidiary book is called as a
    1.   day book
    2.   cash memo
    3.   voucher
    4.   none of these
57. Goods sold for cash Rs. 25000 plus 12% IGST .sales a/c will be credited by
    1.   22000
    2.   25000
    3.   28000
    4.   none of these
58. Depreciation is calculated from the date of
    1.   purchase of Asset
    2.   receipt of Asset at business premises
    3.   Asset put to use
    4.   Asset installed
59. Depreciation charged at the end of the year will be credited to .
    1.   Asset a/c
    2.   Depreciation
    3.   profit and loss a/c
    4.   Goods a/c
60. which shortcut key is used to exit tally
    1.   ctrl+q
    2.   ctrl+p
    3.   ctrl+m
    4.   ctrl+l
61. Income tax in case of sole trader is treated as
    1.   Personal expense
    2.   Debtors Expenses
    3.   Business Expense
    4.   none of these
62. A Machine was purchased in uttrakhand .During transit the machine was damaged and the cost of repairs incurred is Rs 20,000 .This expense is treated as
    1.   Capital expense
    2.   . revenue expense
    3.   Defered Revenue expense
    4.   . none of these
63. Transaction processing system (Tps) are
    1.   Order processing application C .
    2.   payroll
    3.   Automatic Teller Machine
    4.   All of above
64. Which of the following is the purpose of Accounting information system.
    1.   Recruitment of Employees
    2.   Advertising
    3.   inventory control
    4.   marketing Research
65. which key is used to switch from as voucher mode to invoice mode while entering sales or purchase
    1.   Alt+V
    2.   CTRL+V
    3.   ALT+F8
    4.   ALT+F9
66. Which combination of key is used to open Tally reference manual
    1.   AlT+H
    2.   AlT+R
    3.   ALT+T
67. To activate MRP feature from Gateway of tally initially we need to press
    1.   F1
    2.   F12
    3.   F10
    4.   ALT+F1
68. which option is used to split the company Data menu into two financial years
    1.   change tally vault
    2.   Alter
    3.   split company data
    4.   new company
69. which menu is selected to create a new company in tally
    1.   company create
    2.   create
    3.   select company
    4.   New company
70. what is the collection of ladger of the same nature called ?
    1.   voucher
    2.   Assets
    3.   Group
    4.   None of these
71. changes in accounts are possible only in .......................
    1.   Display mode
    2.   Alteration
    3.   single mode
    4.   Multiple
72. HOW to delete company in tally
    1.   Display
    2.   Alter
    3.   Delete
    4.   Create
73. which option is used in tally to make changes in the created company
    1.   select company
    2.   shut company
    3.   Alter
    4.   None of these
74. which ledger is created by tally automatically as soon as we create a new company
    1.   cash
    2.   profit and loss
    3.   capital
    4.   a and b both
75. which option is used to view the list of primary and secondary Groups in tally
    1.   list of account
    2.   list
    3.   Accounts
    4.   None of these
76. salary comes under ----------------under group
    1.   Direct exp
    2.   indirect exp
77. How many of the Reserve Group account are there in tally
    1.   18
    2.   15
    3.   30
    4.   28
78. The capital of company is included under which of the following
    1.   fix liabilities
    2.   capital account
79. The term current assets does not include ....................
    1.   Debtors
    2.   Bill Receivable
    3.   stock
    4.   Goodwill
80. The Branch of accounting which analyses and interprets the overall data is
    1.   Financial accounting
    2.   cost accounting
    3.   management accounting
    4.   none of these
81. under whom does the patent account come
    1.   investments
    2.   liabilities
    3.   current assets
    4.   none of these
82. Why is trail balance prepared
    1.   To prepare profit and loss
    2.   To make adjustment
    3.   To test the Arithmetical Accuracy
83. which of the following is a book of original entry
    1.   journal
    2.   Voucher
    3.   invoices
    4.   ledger
84. which of the following is an example of external users of accounting information
    1.   Govt.
    2.   owners
    3.   management
    4.   Employee
85. when a customer returns an item, it is sent to ......................................
    1.   Debit note
    2.   credit note
    3.   profoma
    4.   invoice bill
86. We use .....................Vouchers to make entries related to bank transactions
    1.   contra
    2.   journal
    3.   sales
    4.   purchase
87. entries of Adjusting entries are made in which of the following vouchers
    1.   contra
    2.   journal
    3.   sales
    4.   purchase voucher
88. Debit note is used to make which of the following entry
    1.   purchase
    2.   sales
    3.   purchase return
    4.   sales return
89. which of the following is not a transaction
    1.   Goods are purchased on cash basis for RS 1000
    2.   Salary paid for the month of may 2009
    3.   The land has been purchased for Rs 10 lakhs
    4.   An employee has been terminated
90. Acquired income which is not received is known as
    1.   Advance income
    2.   proposed income
    3.   outstanding income
    4.   Accrued income
91. ...................is The main source of Revenue of any business
    1.   investment
    2.   prepaid
    3.   loan
    4.   sales
92. A person who lends money to a business is called as ..................
    1.   Debtor
    2.   creditor
    3.   investor
    4.   supplier
93. Account principles are divided into two types .these are .................
    1.   Accounting concepts
    2.   Accounting convention
    3.   accounting standred
    4.   A and b both
94. closing stock come
    1.   stock in hand
    2.   Fix assets
    3.   Current Assets
    4.   none of these
95. what is the termed as excess of credit side total amount over debit side total amount over debit side total amount in profit and loss account
    1.   credit
    2.   profit
    3.   loss
    4.   debit
96. which accounting system is incomplete and unscientific
    1.   Multi entry system
    2.   Single entry system
    3.   Double Entry system
    4.   Triple Entry system
97. which term is used for all the amounts payable by a business concern to outsides
    1.   Debit
    2.   capital
    3.   Assets
    4.   liabilities
98. List of optional Voucher we can get from ...................
    1.   Account book
    2.   Exceptional Reports
    3.   Cash bank Books
    4.   Balance Sheet
99. balance of petty cash is
    1.   expenses
    2.   profit
    3.   Assets
    4.   liability
100. Assets sold on credit will be recorded in
     1.   sales book
     2.   sales return
     3.   journal proper
     4.   petty cash