62.

For viewing advanced configurations related to Credit Note vouchers, the F12
key should be pressed twice.
True

63. The _____ voucher is used when items are not yet approved.
Memo

64. A _______ is a summary of all ledger balances.

Trial Balance

65. You should use which adjustment method when you do not know which bills need
to be adjusted with money?
On account

66. On 14th September, you sent an invoice of Rs. 73,000 to Goa Computers towards
the sale of 500 CPUs. This is a _______.
Sales Invoice

67. In multi-currency transactions in Tally, the ongoing or current exchange rate is

known as the _______ rate.
Standard

68. If you wish to create an item group on the Stock Item Creation screen, use the
keyboard shortcut ______.
Alt+C

69. A ______voucher is used to record the details of transactions involving

customer orders for stock items.
Sales Order

70. On 4th July, your company delivered 800 school bags to RK Enterprises. Which
voucher should be used to record this transaction?
Delivery Note Voucher

71. Using the keyboard shortcut ______ inside Inventory Vouchers opens a
Rejections In voucher.
Ctrl+F6

72. To open a Stock Journal, you should use which keyboard shortcut?
Alt+F7

73. On 13th May, KM Sports ordered 400 sports shoes from your company. For this
transaction, you should select Purchase Order.
False

74. You can connect only one company through Tally.NET.

 False

75. By default, the Tally.NET user is authorized in the capacity of a/an_____ who
has restricted access to the company data
Data Entry operator

76. ______ is where the data backup files for multiple companies are stored.
Source

77. While restoring files, choose _____ to restore data, and choose_____ to save
backup files.
Destination, source

78. The ____ balance for the previous financial year becomes the ____ balance for
the current financial year.
Closing, closing

79. The _____ option allows you to export the reports or data from Tally.
Export

80. You need to import vouchers from one company to another for which of these
reasons?
All of the above

81. ____is commonly used to transfer different types of data or files.

FTP

82. The SQL query language in Tally.ERP 9 is used to _____ information.

Retrieve

83. Which of these file formats is/are available in Tally for exporting the list of
ledgers?
All of the above

84. The first two digits of GSTIN represent the ____ code
State

85. The state and central tax is always ____ of the integrated tax.
One half

86. You can record a journal voucher to transfer the closing balance of ____ as the
opening balance under GST.
All of the above

87. If you make a purchase of goods within the ___, then it is an intrastate inward
supply of goods.
 State

88. The shortcut key ____ is used to create a voucher ledger for purchase of goods.
F11

89. The highest level at which the tax rate can be defined is the _____ level.
Stock item

90. Which shortcut key is used to change the range of pages to be printed?
Ctrl+ G

91. Under which group is the ledger for IGST created?

Duties & Taxes

92. If the supplier purchases goods or services from another state then this purchase
will attract IGST.
True

93. You need to use the _____ format to upload different GST reports on the GST
portal.
JSON

94. The term 'intrastate outward services' refers to _______.

Sales within the same state

95. To make a payment entry, you should select Accounting Vouchers and press the
____key from the keyboard.
F5

96. In the GSTR-2 report, the exempted tax amount can be seen under _____.
Exempted/tax amount

97. If you purchased 100 LED lights from an unregistered dealer, you do not need to
enter the GST number while recording this transaction.
True

98. In case of taxable exports, which of these taxes is applicable?

IGST

99. In GST, all imports and unregistered supplies are earmarked as reverse charge
mechanism.
True

100. If you set Exempted as the Taxability option, Tally takes the default tax
percentage as ______.
False
101. In economics, the term SEZ stands for ______.
Special Economic Zone

102. If you received an advance amount of Rs. 10,000 then you should make
this entry as a/an ____ receipt.
Advance

103. In Tally, to enable payroll for a company, which keyboard shortcut is used?
F11

104. For recording the attendance and production details, you need ______.
Payroll Masters

105. The option ‘Maintain more than one payroll or cost category?’ can be seen
on which screen?
Accounting Features

106. An employee group can be deleted by pressing which of these key(s)?

Alt+D

107. You can enter detailed information about all your employees through the
Multiple Employee Creation screen.
False

108. Payroll Units can be either Simple or Compound.

True

109. Tally relies on which basic unit to compute employee payment?

Attendance/Production Type

110. The salary components constituting an employee’s pay structure are called
______.
Pay Heads

111. ______ are used to define a Pay Structure of an Employee or an Employee

Group.
Salary Details

112. There are _____ types of Payroll Vouchers in Tally.

3

113. The keyboard shortcut for opening an Attendance voucher is ______.

Ctrl+F5

114. Tax Deducted at Source (TDS) is an indirect tax collected at the prescribed
rate from the income source.
 True

115. _______ is one of the modes for collecting the income tax at the source.
TDS

116. To create the TDS Nature of Payment, you need to go to Gateway of Tally
> Accounts Info. > Statutory Info. > TDS Nature of Pymts > Create.
False

117. In Tally, you can book expenses by recording the ____ voucher.
Journal

118. As per the Income Tax Act, every corporate and government entity is liable
for ______ of TDS.
Deduction

119. The keyboard shortcut Ctrl+F12 helps you to perform which action?
View the balance sheet

120. A ______ is a financial statement which shows the financial position of a

firm.
Balance Sheet

121. Which of these is neither a register nor a ledger type recognized by Tally?
Contra Entry

122. If you need to pay money on a bill, the bill becomes ______.
Bills Payable

123. If you set Exempted as the Taxability option, Tally takes the default tax
percentage as
___0___.