Module 2.

3
USING ACCOUNTING SOFTWARE
1. Which one of the following is an accounting software?
A. Tally B. Javascript C. MS-Word D. MS-Excel
2. Which feature is allowed in Tally software?
A. Accounting B. Programming C. Web designing D. Word processing
3. Name the feature which handles different types of vouchers?
A. Accounting B. Technologial
C. Financial management D. Inventory management
4. Which feature is used to prepare statement of accounts?
A. Accounting B. Technologial C. Financial management D.Inventory management
5. Which feature allows to handle primary book of accounts?
A. Accounting B. Technologial C. Financial management D. Inventory management
6. In Tally which feature provies budgeting options?
A. Accounting B. Technologial C. Financial management D. Inventory management
7. In Tally which feature offers Tally Vault?
A. Security B. Accounting C. Technological D. Financial management
8. Which feature is allowed in Tally software?
A. Programming B. Web designing C. Word processing D. Financial management
9. In Tally which feature provides data backup/restoration?
A. Security B. Technical C. Management D. Technological
10. Which feature is allowed in Tally software?
A. Programming B. Web designing C. Word processing D. Inventory management
11. Which feature is allowed in Tally software?
A. Coding B. Technological C. Web designing D. Word processing
12. Abbreviation of DES is
A. Data Encryption Standard B. Data Enhancement Standard
C. Dynamic Encryption Standard D. Database Encoding Standard
13. In Tally which facility is used to connect applications like MS-Word, Excel, Oracle?
A. Audit B. ODBC C. Backup D. Transmit
14. Tally ERP 9 installation is a
A. menu driven B. event driven C. action driven D. wizard driven
15. Which supports installation on multiple systems with different operating system?
A. Tally B. Tally 7.2 C. Tally 8.1 D. Tally ERP 9
16. In Tally which facility is used to rescue any kind of data loss in the company?
A. E-mail B. Tally vault C. Import and export D. Auto backup and restore
17. The purpose of Tally ERP 9 software is to maintain..
A. data backup B. accounts only C. inventory only D. accounts and inventory
18. The statement of accounts in accounting features of Tally ERP 9 is
A. workbook B. worksheet C. spread sheet D. Balance sheet
19. In Tally the purpose of product info is
A. information about the ledger B. Information about the product
C. information about the accounts D. information about the company
20. The purpose of Tally ERP 9 audit features allows to...
A. decoding, validate and identify B. verify, error correction and deleting
C. error correction, decoding and verify
D. verify, validate and accept accounting information
21. Where the version of Tally ERP 9 in displayed
 A. title bar B. work area C. horizontal bar D. button tool bar
22. In Tally, buttons relevent to current task are visible in
A. task bar B. title bar C. button bar D. horizontal button bar
23. What is the use of pressing Ctrl + Q in the gateway of Tally screen
A. closes the current B. exit with conformation
C. closes the tally screen D. exit without conformation
24. In Tally Ctrl + N is used to activate
A. buttons B. work area C. Calculator D. the selected company
25. In Tally where the popup menu appears in work area
A. top right B. bottom left C. left hand side D. right hand side
26. The list of selected companies appear which side of the work area
A. top right B. bottom left C. left hand side D. right hand side
27. Which key is used to change the financial period
A. F2 B. Alft + F2 C. Ctrl + F2 D. Ctrl + Alt + F2
28. F2 key is used to change
A. date B. financial year C. calendar date D. financial period
29. Tally reference manual in invoked by pressing
A. Alt + H B. Alt + T C. Alt + W D. Alt + M
30. To open default web browser what key should be pressed
A. Alt + H B. Alt + T C. Alt + W D. Alt + M
31. In Tally where the currency information are entered?
A. Ledger creation screen B. Voucher creation screen
C. Company creation screen D. Accounting feature screen
32. In Tally to select a company what key should be press?
A. Alt + T B. Alt + M C. Alt + H D. Alt + F3
33. In Tally, name the physical location where the company details are stored?
A. file B. Folder C. Directory D. Sub directory
34. In Tally, what popup appears at the bottom right of the screen for confirmation?
A. Save (Yes or No) B. Accept (Yes or No) C. Confirm (Yes or No) D. Are you sure (Yes or No)
35. In Tally, where to set number of decimal places?
A. Company details B. Auto backup details
C. Mailing & Contact details D. Base currency information
36. In Tally, where the currency symbol is to be entered?
A. Currency B. Base currency information
C. Symbol for decimal portion D. Symbol suffixed to amounts
37. In Tally, after modifying the company information what key is used to save the information?
A. Alt + A B. Ctrl + A C. Alt + F3 D. Alt + F1
38. In Tally, what key is used to shut a company from the gateway of tally screen?
A. Alt + F1 B. Alt + F3 C. Ctrl + F1 D. Ctrl + F3
39. The art of recording, classifying, summarisiing and analysing transaction is defined as
A. Statement B. Accounting C. Book of accounts D. Management accounting
40. What type of accounting is to ascertain the profit or loss of the business?
A. Cost B. Financial C. Revaluation D. Management
41. Name the things/properties to a business?
A. Asset B. Capital C. Liability D. Creditor
42. Name the properties that remain in business, but not for resale?
A. Capital B. Liability C. Fixed asset D. Current asset
43. Name the person who gives benefit with out receiving money immediately?
A. Real B. Debtor C. Creditor D. Personal
44. Transaction is a transfer from one account to another by means of
 A. Asset B. good C. capital D. money or money’s worth
45. Name the commodities that bought for the purpose of resale?
A. Stock B. Sales C. Assets D. Purchase
46. In Accounting where the transactions are first entered?
A. sales B. ledger C. journal D. cash book
47. Purchase of buildings in business belongs to
A. Nominal B. capital C. fixed assets D. current asset
48. Name the amount with which a trader starts the business?
A. real B. capital C. fixed assets D. current asset
49. Name the person who receives benefit without giving money immediately?
A. Real B. Debtor C. Creditor D. Personal
50. A company purchase goods from Ram Enterprises for Rs. 3000 on credit, Ram Enterprises is a
A. real B. Debtor C. creditor D. Personal
51. A company sold goods to Hari Enterprises for 5000 on credit, Hari Enterprise is a
A. real B. debtor C. creditor D. personal
52. The amount which a concern has to pay legally is
A. real B. debit C. credit D. liability
53. Transaction affects two accounts in
A. upward direction B. reverse direction C. opposite direction D. down ward direction
54. Transaction affects two accounts leads to
A. debit only B. credit only
C. equal amount in credit and debit D. different amount credit and debit
55. While recording the transaction debit amount is entered on
A. middle B. both sides C. left hand side D. right hand side
56. While recording the transaction credit amount is entered on
A. middle B. both sides C. left hand side D. right hand side
57. Which contains all the accounts of the business in well arranged form
A. Ledger B. Journal C. Cash book D. Bank book
58. In Accounting, Real accounts comes under
A. nominal accounts B. personal accounts C. drawings accounts D. impersonal accounts
59. In Accounting, Nominal accounts comes under
A. real account B. drawing account C. Personal account D. impersonal account
60. Assets of the business comes under
A. real account B. drawing account C. Nominal account D. Personal account
61. Name the account which records all expenses/losses and incomes/gain?
A. real account B. drawing account C. Nominal account D. Personal account
62. Unsold goods are known as
A. stock B. sales C. items D. goods
63. Salary account comes under
A. real B. nominal C. personal D. drawings
64. Postal and telephone accounts, advertisement accounts comes under
A. real accounts B. nominal accounts C. Personal accounts D. impersonal accounts
65. Interest received, commission received comes under
A. real accounts B. nominal accounts C. Personal accounts D. impersonal accounts
66. Interest paid, commission paid comes under
A. real accounts B. nominal accounts C. Personal accounts D. impersonal accounts
67 Name the accounting system which one is incomplete and unscientific?
A. single entry system B. Double entry system
C. Contra based system D. Personal account system
68. Name the accounting system which one is complete and scientif system?
 A. single entry system B. Double entry system
C. Contra based system D. Personal account system
69. Single entry system is
A. a partial record B. a complete record C. a personal record D. an incomplete record
70. Debit and credit aspect of the transaction are maintained in
A. single entry system B. Double entry system
C. Contra based system D. Personal account system
71. Name the process of analysing the transaction under the heads of debit and credit?
A. Ledger B. Cash book C. Journalising D. Subsidiary book
72. Name the technique which records the journal entries into the ledger?
A. Layout B. Posting C. Journalising D. Book keeping
73. Which one of the following is a subsidary book?
A. Ledger B. Journal C. Cash book D. Asset book
74. Which of the following is the primary book of account?
A. Ledger B. Journal C. Cash book D. Sales book
75. Name the book that is used to record transactions relating to return of goods to supplier
A. Sales book B. Purchase book C. sales return book D. purchase return book
76. Name the book that is used to record transactions relating to return of goods by customers is
A. sales book B. purchase book C. sales return book D. purchase return book
77. Which of the following is used to record credit sales of goods?
A. Sales book B. Credit book C. Goods book D. Purchase book
78. Name the book which is used to record credit purchase of goods
A. Sales book B. Credit book C. Goods book D. Purchase book
79. Name the book which records all cash transaction is
A. Sales book B. Credit book C. Goods book D. Purchase book
80. Which book is called as returns inwards book?
A. Sales B. Purchase C. Sales returns D. Purchase returns
81. Which book is called as return outwards book
A. Sales B. Purchase C. Sales returns D. Purchase returns
82. What is the rule for real accounts?
A. Dr the receiver, Cr the giver B. Dr the giver, Dr the receiver
C. Dr what comes in, Cr what goes out D. Dr what goes out, Cr what comes in
83. What is the rule for personal accounts?
A. Dr the receiver, Cr the giver B. Dr the giver, Dr the receiver
C. Dr what comes in, Cr what goes out D. Dr what goes out, Cr what comes in
84. What is the rule for nominal accounts?
A. Dr the receiver, Cr the giver B. Dr the giver, Dr the receiver
C. Dr income/gain, Cr expenses/loss D. Dr expenses/loses, Cr income/gain
85. Where the journal entries are posted periodically?
A. Ledger B. Bill book C. Cash book D. Trial balance
86. Cash book records cash
A. receipts B. receipts, payments
C. receipts, payments, deposits D. receipts, payments, deposits, withdrawal
87. When ledger account heads are to be created?
A. After entering the journal B. Before viewing the ledger
C. Before entering the journal D. Before viewing the journals
88. In Tally, how to view the trial balance on the screen?
A. Gateway of Tally  Trial Balance
B. Gateway of Tally  Display  Trial Balance
C. Gateway of Tally  Accounts Info  Trial Balance
 D. Gateway of Tally  Display  Accounts Books  Trial Balance
89. Which key to be pressed to view Trial balance from gateway of Tally screen?
A. T B. D and T C. A and T D. D, A and T
90. In Tally, which key is used to enter receipts?
A. F4 B. F5 C. F6 D. F8
91. In Tally, which key is used to enter payment?
A. F4 B. F5 C. F6 D. F8
92. In Tally, which key is used to enter purchase?
A. F9 B. F8 C. F7 D. F6
93. In Tally, which key is used to enter sales?
A. F9 B. F8 C. F7 D. F6
94. In Tally, F6 key is used to enter
A. Sales B. Receipt C. Payment D. Purchase
95. In Tally, F5 key is used to enter
A. Sales B. Receipt C. Payment D. Purchase
96. In Tally, F9 key is used to enter
A. Sales B. Receipt C. Payment D. Purchase
97. In Tally, F8 key is used to enter
A. Sales B. Receipt C. Payment D. Purchase
98. In Tally, Name the key used to enter contra entries?
A. F4 B. F5 C. F8 D. F9
99. In Tally, F4 key is used to enter
A. Sales B. Contra C. Payment D. Receipt
100. In Tally, name the key used to enter journal entries?
A. F7 B. F8 C. F9 D. F4
101. In Tally, F7 key is used to enter
A. Sales B. Contra C. Journal D. Payment
102. Financial accounting means recording
A. Revenues B. Revenues, expenses
C. revenues, expenses, assets D. revenues, expenses, assets liabilities
103. Which accounting states financial state of the busines?
A. Cost accounting B. Financial accounting
C. Revaluation accounting D. Management accounting
104. What is the purpose of financial accounting?
A. To ascertain profit B. To ascertain loss
C. To valuate the inventory D. To ascertain profit or loss
105. Name the art of recording business transactions in a systematic manner?
A. Accounting B. Book keeping C. Final accounts D. Book of accounts
106. Name the difference between the two sides of the trading account?
A. Net profit B. Gross profit C. Net profit or loss D. Gross profit or loss
107. In trading account the difference between two sides represents gross loss it debit amount is
A. low B. high C. equal D. medium
108. In trading account the difference between two sides represent gross profit if credit amount is
A. low B. high C. equal D. medium
109. From trading account where the gros profit or loss is ransfered to
A. loss account B. profit account C. ledger account D. profit and loss account
110. Which account head does not appear in trial balance?
A. Cash B. Closing stock C. Opening stock D. Ledger account
111. In trading account gross loss comes on which side?
A. Left side B. Both side C. Debit side D. Credit sie
112. In trading account gross profit comes on which side?
A. Both side B. Right side C. Debit side D. Credit side
113. In profit and loss account gross loss come on which side?
A. Both side B. Right side C. Debit side D. Credit side
114. In profit and loss account gross profit comes on which side?
A. Left side B. Both side C. Debit side D. Credit side
115. In profit and loss account net profit comes an which side?
A. Both side B. Right side C. Debit side D. Credit side
116. In profit and loss account rent, interest, commission received comes on which side?
A. Left side B. Both side C. Debit side D. Credit side
117. The profit or loss transfered to which account?
A. Closing stock B. Opening stock C. Capital account D. Gross profit or loss
118. Which statement reveals gross profit or loss?
A. Book keeping B. Balance sheet C. Trading account D. profit and loss account
119. Which statement reveals net profit or loss?
A Book keeping B. Balance sheet C. Trading account D. Profit and loss account
120. Profit and loss statement is used to arrive
A. gross loss B. gross profit C. net profit or loss D. gross profit or loss
121. Trading account statement in used to ascertain th
A. net loss B. net profit C. net profit or loss D. gross profit or loss
122. In which statement direct expenses are recorded?
A. Net loss B. Net profit C. Trading account D. Profit and loss account
123. In which statement indirect expenses are recorded?
A. Budgeting B. Balance sheet C. Trading account D. Profit and loss account
124. Which one ascertain the financial position of a firm?
A. Trial balance B. Balance sheet C. Trading account D. profit & loss account
125. Name the asset which is used in business over and again?
A. fixed B. Current C. Fictitious D. Intangible
126. Name the asset which cannot be seen and has no fixed shape?
A. fixed B. Current C. Fictitious D. Intangible
127. Good will belongs to which asset type?
A. fixed B. Current C. Fictitious D. Intangible
128. Patent belongs to which type of asset?
A. fixed B. Current C. Fictitious D. Intangible
129. In balance sheet liabilities appears on which side?
A. left B. Both C. Right D. Capital
130. Name the left hand side of the balance sheet
A. debit B. Assets C. Liabilities D. Particulars
131. In balance sheet, assets appears as which side?
A. Left B. Both C. Right D. Capital
132. Name the right hand side of the balance sheet
A. Debit B. Assets C. Liabilities D. Particulars
133. Name the asset which can be seen and felt by touching?
A. Contingent B. Fictitious C. Tangible D. Intangible
134. Name the liability which will be redeemed after 10 to 15 years?
A. Current B. Long term C. Short term D. Contingent
135. Name the liability which are redeemed within a year?
A. current B. Long term C. Mortgage D. Contingent
136. Name the liability that may become a liability in future on condition?
A. Current B. Long term C. short term D. contingent
137. Name the liability that is not actual liability at present?
A. current B. Long term C. short term C. contingent
138. What is liability?
A. Sundry debtors B. All expenses in business
C. The business owes to others D. The business receives from others
139. The equation of balance sheet is
A. Liability = Capital - Asset B. Capital = Asset + Liability
C. Liability = Asset + Capital D. Asset = Liability + Capital
140. The difference between asset and capital is
A. Liability B. good will C. fixed asset D. current asset
141. The difference between asset and liability is
A. Capital B. creditors C. fixed asset D. current asset
142. Name the statement which shows all the ledger account balances
A. Trial balance B. Balance sheet C. Trading account D. Profit & loss statement
143. Which is used to check the arithmetical accuracy?
A. Trial Balance B. Balance sheet C. Trading account D. profit & loss statement
144. Name the parties from whom the trader buys goods on credit basis?
A. Owners B. Personnel C. Sundry debtors D, Sundry creditors
145. Which statement helps to prepare trading, profit and loss, balance sheet?
A. Capital B. Debtor list C. Creditor list D. Trial balance
146. Closing stock value reflects on which statement?
A. Trading C=B. Cash book C. Trial Balance D. Ledger
147. The main objective of the balance sheet is
A. to control inventory B. to arrive net profit/loss
C. to reveal financial position D. to check arithmetical accuracy
148. Which shows the balances of personal and real account?
A. Trading B. Profit & loss C. Trial balance D. Balance sheet
149. Opening stock value reflects on which account statement?
A. Trading B. Cash book C. Trial balance D. Balance sheet
150. Balance sheet contains which stock value on which side?
A. closing stock on asset side B. Opening stock on asset side
C. closing stock on liability side D. Opening stock on liability side
151. Trial balance contains which stock value on which side?
A. Closing stock on debit side B,. Closing stock on credit side
C. Opening stock on debit side D. Opening stock on credit side
152. In gateway of Tally screen, which key to be pressed to get profit & Loss account?
A. P B. A C. Alt + P D. Ctrl + P
153. In gateway of Tally screen, which key to be pressed to get balance sheet?
A. B B. S C. Alt + B D. Ctrl + B
154. In gateway f Tally screen, which key to be pressed to display day book?
A. D B. Daybook C. Display  Day book D. Reports  Day book
155. The gross profit & closing stock of Dharani Enterprises are 25,000/- & 3,000 respectively. The
expenses salary, rent & discount allowed are 8000, 5000, 1000/- respectively. The discount
received is 2000/- what is the result of the profit & loss account?
A. Net profit Dr. 10000 B. Net loss Cr. 11000 C. Net profit Dr 11000 D. Net profit Dr 13000
156. In which statement indirect incomes are recorded
A. Trading account B. Balance sheet C. profit and loss D. Budgeting
157. The gross profit of Sunil & Co is 15000/- The indirect expenses - salary, rent, travelling and
discount allowed are 8000/-, 6000/-, 2000/-, 1000/- respectively what is the balance of Net
Profit/loss A/c.
 A. Dr.2000/- B. Dr. 2000/- C. Dr.3000/- D. Cr.3000/-
158. ABC enterprises sold goods to Prakash & Co worth Rs. 50000/- ad Prakash & co raises debit note
of Rs. 2000/- for damaged goods to ABC enterprises. What is the balance of Prakash & Co in ABC
enterprises?
A. Cr. 48000/- B. Dr. 48000 C. Cr. 52000/- D. Dr. 52000/-
159. ABC enterprises sold goods to Prakash & Co worth Rs. 50000/- ad Prakash & co raises debit note
of Rs. 2000/- for damaged goods to ABC enterprises. What is the balance of ABC enterprises in
Prakash & Co?
A. Cr. 48000/- B. Dr. 48000 C. Cr. 52000/- D. Dr. 52000/-
160. Sunil & Co purchase goods from ABC enterprises of good worth Rs. 30000/- Sunil co raises debit
note of Rs. 2000/- for quantity shortage to ABC enterprises. What is the balance of ABC
enterprises in Sunil & Co?
A. Cr. 28000 B. Dr.28000 C. Cr. 32000 D. Cr. 32000
161. Sunil & Co purchase goods from ABC enterprises of good worth Rs. 30000/- Sunil co raises debit
note of Rs. 2000/- for quantity shortage to ABC enterprises. What is the balance of Sunil & Co in
ABC enterprises?
A. Cr. 28000 B. Dr.28000 C. Cr. 32000 D. Cr. 32000
162. What are the cost elements exist in costing?
A. Material, labour B. Material, direct expenses
C. Material, labour, expenses D. Material, indirect expenses
163. Name the factors which determines the cost of product?
A. Rate B. Direct cost C. Material cost D. Elements of cost
164. Name the expenditure allocated to a particular product or job?
A. Fixed cost B. Direct cost C. Indirect cost D. Material cost
165. Direct expenditure in made up of direct
A. material & labout B. material, labour & nature
C. material, labour & expenses D. material, function and variability
166. Selling and distributive expenses belongs to
A. direct B. indirect C. material cost D. production cost
167. The expenditure cannot be allocated to a particular product or job
A. Direct B. Indirect C. material cost D. production cost
168. Office and administrative expenses belongs to
A. Direct B. Indirect C. material cost D. production cost
169. Works of factory expenses belongs to
A. Direct B. Indirect C. material cost D. production cost
170. Costs are classified according to their nature as
A. material, labour B. Material, direct expenses
C. Material, indirect expenses D. Material cost, labour cost and expenses
171. The booklet which specifies the objective of budjeting organisation and procedure is
A. budget B. budgeting C. budget manual D. budget controller
172. Who is the chairman of the budget committee?
A. Budget planner B. Budget manager C. Budget controller D. Budget organiser
173. Which one is prepared in advance and based on future plan?
A. Budget B. Budget period C. Budget planner D. Budget procedure
174. Which one is the detailed plan of operations for some specific future period
A. Budget B. Budget period C. Budget planner D. Budget procedure
175. What are the things responsible for budgetting?
A. Budget committee, budget period B. Budget controller, budget procedure
C. Budget committee, budget controller D. Budget committee, budget procedure
176. In functional budget what should be assessed first?
 A. Keyfactor B. Cash budget C. Budget period D. Budget procedure
177. What should be done before the budgeting starts?
A. Planning B. Research C. Forecasts D. Preparation
178. When the actual budget will be prepared?
A. after forecast B. Before forecast C, After overall plan D. After finalizing the forecasts
179. The production budget will be prepared on the basis of the
A. sale budget B. purchase budget C. personnel budget D. research budget
180. Name the budget prepared on the basis of standard level of activity?
A. Cash budget B. Fixed budget C. Master budget D. Flexible budget
181. Name the budget that forecast the quantity and value of purchases required for production
A. Sale budget B. cost budget C. purchase budget D. production budget
182. Which one of the following is a tool budgetary control
A. analysis B. variance C. variance analysis D. scenario analysis
183. The concept of variance is connected with
A. plan B. revenues C. actual results D. planned and actual results
184, Name the summary budget that incorporates all functional budgets?
A. Cash budget B. Master budget C. Summary budget D. functional budget
185 Name the process which analysis the possible future events by considering alternative possible
outcomes?
A. Budgeting B. Accounting C. Variance analysis D. scenario analysis
186. Which one helps the management to understand the present costs and control the future cost?
A. Budget B. Forecast C, variance analysis D. Scenario analysis
187. Name the budget which based on sales and forecasts the production?
A. Sales B. Purchase C. Research D. Production
188. In Tally, which function key invokes the features screen?
A. F2 B. F5 C. F10 D. F11
189. In Tally, which function key invokes the purchase voucher creation screen?
A. F5 B. F8 C. F9 D. F10
190. In the gateway of Tally, how to view purchase register?
A. Display Purchase register B. Accounts book Purchase register
C. Display Accounts book Purchase register
D. Accounts book Display Purchase register
191. In the gateway of Tally, how to create the scenario?
A. Create scenario B. Accounts info scenario
C. Accounts info create scenario D. Accounts info Scenario create
192. In trading business stock is a
A. Fixed asset B. current asset C. Current Liability D. Capital
193. Which is used for evaluating value of stock?
A. Trading account B. Profit & Loss account C. Balance sheet D. Inventory system
195. Trial Balance does not include
A. sundry creditors B. Sundry debtors C. Opening stockD. closing stock
195. FIFO stands for....
A. First in-First out B. Financial inwards - First out C. First income - First out
D. First inventory - First out
196. Name the stock valuation method in which all stock lots are merged together?
A. FIFO method B. LIFO method C. Average method D. Base Stock Method
197. Liquidity ratio measured between
A. Cash to pay debt B. Capital and debt C. Assets and liabilities D. Income and expenses
198. Cash received or spent for internal business activites
A. Investment cash flow B. Operational cash flow
 C. Financing cash flow D. Funds flow
199. Funds received and used for various sources in shown in
A. Cash flow B. Funds flow C. Trial balance D. Balance sheet
200. The invoice entered in purchase book is called
A. Outward invoice B. Inward invoice C. Debit note D. Credit note
201. Name the ratio which measures the firm’s ability to repay long-term debt?
A. Debt ratio B. Liquidity ratio C. Activity ratio D. Profitability ratio
202. The statutory features in tally are
A. Account specific B. Country specific C. Tax specific D. Company specific
203. Income tax is a
A. Indirect tax B. Direct tax C. TDS D. TCS
204. TDS is expanded as
A. Tax direct on supply B. Tax deducted on supply
C. Tax deducted on source D. Tax direct on source
205. TCS is expanded as
A. Tax credited at source B. Tax collected as source
C. Tax created at source D. Tax collected on supply
206. Indirect taxes are
A. born by the manufacturer B. born by the supplier
C. Borne by the employer D. borne by the public
207. Tax imposed to transport service is
A. Income tax B. Service tax C. Direct tax D. TDS
208. VAT is expanded as
A. value added tax B. Virtual additional tax
C. Value assessed tax D. Value applied turnover
209. GST is expanded as
A. Grand service tax B. Goods & service tax
C. Goods & supplies tax D. Granted services tax
210. GST is introduced in
A. 2012 B. 2017 C. 2014 D. 2016
211. Unique Eway bill number is obtained from
A. Sales tax office B. Auditors C. Suppliers D. GST online portal
212. Under GST HSN stands for
A. Home shopping network B. Hardware serial number
C. Hormonized system number D. Harmonized system of nomeclature
213. HSN contains how many digit uniform code?
A. 2 B. 4 C. 6 D. 8
214. In eway bill which describes the commodity/product
A. HSN code B. Item code C. Product code D. Commodity code
215. HSN code is accepted in
A. State wise B. World wide C. Country wise D. City wise
216. HSN system is used in
A. Central wise B. Customer regine
C. GST regine D. Central excise, customer regine, GST regine
217. When E-way is to be generated?
A. Before payment B. Before purchase
C. After movement of goods D. Before commencement of movement of goods
218. Which country introduce GST system first?
A. USA B. India C. China D. France
219. To verify data for splitting company, use
 A. Accounts information B. Company information
C. Verify company data D. Verify company info
220. After split, both companies act as
A. Merged companies B. Separate companies
C. Linked companies D. Closed companies
221. Standard data format used in import/export of tally data is
A. PDF B. xml C. doc D. sql.
222. Enabling tally vault makes a company listing as
A. Visible company B. Hidden company C. Encrypted company D. Protected company
223. Users can be created using
A. Company info - Security control B. Company info - After company
C. Gateway of tally D. Tally vault
224. For periodical data saving, the following feature is used
A. Restore data B. Backup data C. Auto backup of data D. Import/Export of data
225. To use regional languages tally has
A. Multilingual capability B. Translation facility C. Conversion facility D. Monolingual capability
226. What features are same before importing masters from Tally ERP 9?
A. Company B. Accounting C. Inventory D. Statutory
227. In Tally, name the default import/export location?
A. Data folder B. Master folder C. Current folder D. Tally ERP 9 installation folder