tally prime set 2

s.s.computer Educational inst. paper code -AG05 Time :-- 1 Hour Total Qus--100

ONLINE PAPER

  

NOte book, digital things, mobile all are prohibited during the examination centre .

 

1. what is referred to as buying and selling of goods
   1.   profit and loss
   2.   real account
   3.   normal account
   4.   Trading account
2. The processing of ascertaining the balance of a particular account on a given date is ........................
   1.   posting
   2.   journalizing
   3.   Balancing
   4.   Accounting
3. ............is the example of tangible assets.
   1.   Furniture
   2.   Debitor
   3.   patient
   4.   discount on issue of shares and debentures
4. Drawing account is created and linked to which account
   1.   capital
   2.   current assets
   3.   current liability
   4.   Drawing
5. capital of the company is included under ..............
   1.   capital account
   2.   Fixed liabilities
   3.   loans and advanced
   4.   current liabilities
6. Accured income comes under ...................
   1.   current liability
   2.   capital
   3.   current assets
   4.   Fixed assets
7. salary account comes under which head
   1.   indirect incomes
   2.   indirect Expenses
   3.   Direct income
   4.   Direct Expenses
8. carriage inwards can be included in
   1.   Direct Expenses
   2.   current liability
   3.   indirect Expenses
   4.   misc expenses
9. Transaction is entered in which of the following
   1.   journal
   2.   ledger
   3.   Trial balance
   4.   None of these
10. which liabllities are payable after a long period
    1.   current
    2.   fixed
    3.   miscellaneous
    4.   all of these
11. The capital of company is included under which of the following
    1.   fix liabilities
    2.   capital account
12. The term current assets does not include ....................
    1.   Debtors
    2.   Bill Receivable
    3.   stock
    4.   Goodwill
13. 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
14. under whom does the patent account come
    1.   investments
    2.   liabilities
    3.   current assets
    4.   none of these
15. Why is trail balance prepared
    1.   To prepare profit and loss
    2.   To make adjustment
    3.   To test the Arithmetical Accuracy
16. which of the following is a book of original entry
    1.   journal
    2.   Voucher
    3.   invoices
    4.   ledger
17. which of the following is an example of external users of accounting information
    1.   Govt.
    2.   owners
    3.   management
    4.   Employee
18. when a customer returns an item, it is sent to ......................................
    1.   Debit note
    2.   credit note
    3.   profoma
    4.   invoice bill
19. We use .....................Vouchers to make entries related to bank transactions
    1.   contra
    2.   journal
    3.   sales
    4.   purchase
20. entries of Adjusting entries are made in which of the following vouchers
    1.   contra
    2.   journal
    3.   sales
    4.   purchase voucher
21. Debit note is used to make which of the following entry
    1.   purchase
    2.   sales
    3.   purchase return
    4.   sales return
22. 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
23. Bank account is ...................
    1.   personal account
    2.   Real account
    3.   Nominal account
    4.   intangle real account
24. Acquired income which is not received is known as
    1.   Advance income
    2.   proposed income
    3.   outstanding income
    4.   Accrued income
25. ...................is The main source of Revenue of any business
    1.   investment
    2.   prepaid
    3.   loan
    4.   sales
26. A person who lends money to a business is called as ..................
    1.   Debtor
    2.   creditor
    3.   investor
    4.   supplier
27. which account is odd
    1.   Furniture
    2.   land and Building
    3.   Row material stock
    4.   workshop and Equipment
28. Tax paid come under which Group
    1.   capital
    2.   direct expenses
    3.   Duties and taxes
29. Account principles are divided into two types .these are .................
    1.   Accounting concepts
    2.   Accounting convention
    3.   accounting standred
    4.   A and b both
30. closing stock come
    1.   stock in hand
    2.   Fix assets
    3.   Current Assets
    4.   none of these
31. The loan of person come under the ..............Group
    1.   Fix liablities
    2.   current liabilities
    3.   a and b both
    4.   Loan and Advance
32. 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
33. which accounting system is incomplete and unscientific
    1.   Multi entry system
    2.   Single entry system
    3.   Double Entry system
    4.   Triple Entry system
34. which term is used for all the amounts payable by a business concern to outsides
    1.   Debit
    2.   capital
    3.   Assets
    4.   liabilities
35. List of optional Voucher we can get from ...................
    1.   Account book
    2.   Exceptional Reports
    3.   Cash bank Books
    4.   Balance Sheet
36. In tally there are ................predefined ledger
    1.   one
    2.   two
    3.   four
37. How many type of companies can be created in tally
    1.   2
    2.   3
    3.   4
    4.   5
38. How many options are there in company feature of tally
    1.   2
    2.   3
    3.   4
    4.   5
39. How many inbuilt Accounts Group are in tally by Default
    1.   25
    2.   31
    3.   32
    4.   34
40. How many voucher types are Readily available in tally
    1.   18
    2.   16
    3.   20
    4.   28
41. How many of the Reserve Group account are there in tally
    1.   18
    2.   15
    3.   30
    4.   28
42. salary comes under ----------------under group
    1.   Direct exp
    2.   indirect exp
43. 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
44. 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
45. 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
46. HOW to delete company in tally
    1.   Display
    2.   Alter
    3.   Delete
    4.   Create
47. changes in accounts are possible only in .......................
    1.   Display mode
    2.   Alteration
    3.   single mode
    4.   Multiple
48. what is the collection of ladger of the same nature called ?
    1.   voucher
    2.   Assets
    3.   Group
    4.   None of these
49. which menu is selected to create a new company in tally
    1.   company create
    2.   create
    3.   select company
    4.   New company
50. 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
51. To activate MRP feature from Gateway of tally initially we need to press
    1.   F1
    2.   F12
    3.   F10
    4.   ALT+F1
52. Which combination of key is used to open Tally reference manual
    1.   AlT+H
    2.   AlT+R
    3.   ALT+T
53. 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
54. For selecting credit note voucher we have to use .................key
    1.   ctrl+f9
    2.   ctrl+f8
    3.   shift+f9
    4.   alt+f9
55. function key to select journal voucher is ........................
    1.   F5
    2.   F6
    3.   F9
    4.   F7
56. Which key is used to print any report from tally .
    1.   Ctrl+p
    2.   shift+p
    3.   alt+p
    4.   ctrl+alt+p
57. which shortcut key is used to activate the calculator
    1.   ctrl+n
    2.   ctrl+m
    3.   ctrl+a
    4.   ctrl+b
58. which shortcut key is used to exit tally
    1.   ctrl+q
    2.   ctrl+p
    3.   ctrl+m
    4.   ctrl+l
59. .................is the shortcut key to quit /exit/close tally
    1.   ALT+D
    2.   CTRL+G
    3.   ALT+P
    4.   ALT+Q
60. Which shortcut key is pressed to delete voucher entry or ledger
    1.   ALT+A
    2.   ALT+C
    3.   ALT+X
    4.   ALT+D
61. Which shortcut key is pressed to create a new ledger during voucher entry
    1.   ALT+X
    2.   ALT+D
    3.   ALT+A
    4.   ALT+C
62. Which shortcut key is used to remove a line in a report in report screen
    1.   ALT+S
    2.   ALT+R
    3.   ALT+I
    4.   ALT+X
63. 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
64. .....................is the shortcut to delete an item in tally
    1.   ALT+D
    2.   SHIFT+D
    3.   CTRL+D
    4.   NONE
65. ...................Is the shortcut to receipt note from inventory voucher in tally
    1.   SHIFT+F9
    2.   CTRL+F6
    3.   ALT+F9
    4.   CTRL+F9
66. -----------------is the shortcut to indent form inventory voucher in tally
    1.   ALT+F6
    2.   CTRL+F7
    3.   ALT+F8
    4.   CTRL+F9
67. ........................Is the shortcut to physical stock verfication from inventory vouchers in tally
    1.   ALT+F10
    2.   ALT+F9
    3.   SHIFT+F10
68. ..................Is the shortcut to rejection in from inventory vouchers in tally
    1.   ALT+F8
    2.   CTRL+F6
    3.   ALT+F6
    4.   ALT+F9
69. ..................IS the shortcut to purchase order from payroll voucher in tally
    1.   ALT+F4
    2.   CTRL+F4
    3.   CTRL+F5
    4.   ALT+F5
70. .....................is the shortcut to payroll as voucher from payroll voucher in tally
    1.   CTRL+F5
    2.   ALT+S
    3.   ALT+A
    4.   CTRL+F4
71. ...................Is the shortcut to payroll autofill form payroll voucher in tally
    1.   Ctrl+a
    2.   Alt+a
    3.   shift+A
72. 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
73. which shortcut key are used to display list of inventory reports within balance sheet
    1.   F8
    2.   F9
    3.   F10
    4.   F11
74. Function key is to change the date ................
    1.   Alt+f2
    2.   f2
    3.   f4
    4.   shift+f2
75. .................is the shortcut to Accounting invoice from Accounting Vouchers in tally
    1.   Alt+i
    2.   Ctrl+f10
    3.   F10
    4.   alt+v
76. Which shortcut key is use to pressed view features in tally
    1.   F11
    2.   Alt+f11
    3.   shift+f11
    4.   Ctrl+f10
77. 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
78. 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
79. Trade discount allowed to ...
    1.   cash transaction
    2.   credit transaction
    3.   A & B
    4.   ? none
80. inter state purchase used for ........................
    
    
    
    1.   inter state goods
    2.   local purchase
    3.   out of state
    4.   purchase from centre
81. To cancel the voucher
    1.   alt+d
    2.   alt+x
    3.   alt+c
    4.   alt+s
82. command for using to seprate actual bill
    1.   F11
    2.   F2
    3.   F12
    4.   F10
83. Gst purchase report can displayed in ...............
    1.   Gstr-1
    2.   Gstr-2
    3.   Gstr-3
    4.   none
84. command for e-mailing in tally ............
    1.   ALT+M
    2.   CTRL+M
    3.   SHIFT+M
    4.   ALT+SHIFT+M
85. Forex rate one of the ..........
    1.   Rate of exchange
       ?
    2.   symbol
    3.   ? multi currency
    4.   ? foreign currency
86. Excise duty often associated with..............
    1.   indirect tax
    2.   direct tax
    3.   custom duty
    4.   ? all of above
87. service tax introduced in the year of ...................
    1.   1994
    2.   1995
    3.   1996
    4.   997
88. when consumer pay service to service provider while paying the bill called .....
    1.   SERVICE TAX
    2.   SALE TAX
    3.   TDS
    4.   GST
89. sale tax collected form .........
    1.   CUSTOMERS
    2.   BUYER
    3.   SELLER
    4.   NONE OF THESE
90. when proprietor withdrew some money for own sake...........
    1.   DRAWING ACCOUNT
    2.   REAL ACCOUNT
    3.   NOMINAL ACCOUNT
    4.   PERSONAL AND DRAWING A/C
91. depreciation and appreciation always ........
    1.   Increase & decrease asset value
    2.   decrease asset value
92. when we accumulated interest from previous period ,called ..............
    1.   simple interest
    2.   decrease asset value
93. petrol and diesal comes under..............
    
    1.   Gst account
    2.   non Gst a/c
    3.   A & B
    4.   sale tax
94. Bought horse Rs 1500 ,carriage 200,deliver goods to customers ,who is comes under ........
    1.   DR
    2.   CR
95. H.S.N. Code is called as .................
    
    1.   uniform code
    2.   Harmonized system of nomenclature
    3.   A and b both
    4.   binary code
96. TDS return Filled ..................
    1.   Monthly
    2.   Quarterly
    3.   Half Yearly
    4.   Annually
97. sales tax act is implemented in which area..................
    1.   punjab
    2.   sindh
    3.   uttrakhand
    4.   whole of india
98. Excise duty produce on .................
    1.   mfg product
    2.   Row matrial
    3.   Finish Goods
    4.   none of these
99. E way bill imposed on ..................
    1.   interstate
    2.   intrastate
100. vat stand for ...................
     
     1.   vat and tax
     2.   vat and transaction
     3.   value added tax
     4.   none of these