INTEGRATED COURSE ON INFORMATION TECHNOLOGY

OVERVIEW OF ACCOUNTING PACKAGE - TALLY

Tally software is based on ……… accounting system.

A) Sales
B) Production
C) Mercantile
D) Manufacture
Answer key: C) Mercantile

Which of the following accounting standards can be followed in Tally?

A) GAAP (Generally Accepted Accounting Principles)
B) IFRS (International Financial Reporting Standards)
C) Ind AS (Indian Accounting Standard)
D) All of the above
Answer: D) All of the above

ERP stands for ……………..

A) Electronic Resource Planning
B) Electronic Resource Processing
C) Enterprise Resource Planning
D) Enterprise Resource Processing
Answer key : C) Enterprise Resource Planning

Which of the following is not a module in Tally?

A) Accounting
B) Inventory
C) Payroll
D) CRM
Answer: D) CRM
Which of the following is a benefit of Tally's ERP application?
A) Manual data entry requirements
B) Limited scalability
C) Real-time visibility into business operations
D) No customization options
Answer: C) Real-time visibility into business operations

Which of the following is a feature of Tally?

A) Financial reporting
B) Tax compliance
C) Inventory management
D) All of the above
Answer: D) All of the above

The first step in Tally before any transaction is entered or saved is creating a
………
A) File
B) Company
C) Project
D) Application
Answer key: B) Company

What is the first step in creating a company in Tally?

A) Creating a ledger account
B) Setting up the accounting calendar
C) Entering the company's basic details
D) Configuring the tax rates
Answer: C) Entering the company's basic details
What information is typically entered during the company creation process in
Tally?
A) Only company name and address
B) Only financial year and accounting calendar
C) Company name, address, financial year, and accounting calendar
D) All of the above, plus tax rates and ledger accounts
Answer: C) Company name, address, financial year, and accounting calendar

In Tally, we can maintain company data for financial years.

A) 5
B) 10
C) 20
D) any number of
Answer key: D) any number of

To change the current date from the Gateway of Tally press the key:
A) F1
B) F2
C) F5
D) F9
Answer key: B) F2

The shortcut key for changing the period in Tally is ……..

A) ALT + F3
B) CTRL + F2
C) ALT + F2
D) CTRL + F3
Answer key: C) ALT + F2
What is the full form of API?
A) Application Programming Interface
B) Applied Programming Interface
C) Advanced Programming Interface
D) Automated Programming Interface
Answer: A) Application Programming Interface

The Tally license file is .

A) Tally_lck.lic
B) Tally.lic
C) Tally9.lic
D) lck.lic
Answer key: A) Tally_lck.lic

Import and export of data between Tally and other programs is possible with
the help of…..
A) OLE
B) DBMS
C) ODBC
D) MS-XLS
Answer key: C) ODBC

In Tally, we cannot export the data in ……………format.

A) MS-Word
B) MS-Excel
C) XML
D) ASCII
Answer key: A) MS-Word
Which of the following is a benefit of using Tally's 'Data Backup and Restore'
feature?
A) Increased risk of data loss
B) Manual backup process
C) Automatic backup and quick restore
D) Limited to local backups only
Answer: C) Automatic backup and quick restore

Which option is used to copy company data into a pen-drive ?

A) Split Company Data
B) Copy Company Data
C) Backup
D) Restore
Answer key : C) Backup

What happens to the transactions recorded before the split date when using
the Split Company Data feature in Tally?
A) They are deleted
B) They are moved to the new company
C) They remain in the original company
D) They are duplicated in both companies
Answer: C) They remain in the original company

TALLY permits entry of data for any number of years. Which option is used for
dividing company data into two financial years.
A) Change Tally Vault
B) Split company data
C) Alter
D) Restore
Answer key: B) Split company data
What is the purpose of the Split Company Data feature in Tally?
A) To merge financial data of two companies
B) To split financial data of a company into two separate companies
C) To delete financial data of a company
D) To create a backup of financial data
Answer: B) To split financial data of a company into two separate companies

A company can be deleted only in

A) Display
B) Alter
C) Delete
D) Create
Answer key: B) Alter

What is the purpose of the 'Chart of Accounts' in Tally?

A) To create invoices
B) To record transactions
C) To classify accounts
D) To generate reports
Answer: C) To classify accounts

What is the purpose of the 'Ledger' feature in Tally?

A) To create accounts
B) To record transactions
C) To generate reports
D) To manage inventory
Answer: A) To create accounts
Collection of ledgers of same nature is called
A) Vouchers
B) Assets
C) Group
D) Trial Balance
Answer key: C) Group

Which of the following masters can be created in Tally?

A) Ledger master only
B) Group master only
C) Both ledger and group masters
D) Neither ledger nor group masters
Answer: C) Both ledger and group masters

Which of the following statements is true regarding the alteration of a ledger

master in Tally?
A) Ledger masters can be altered only if there are no transactions associated
with them
B) Ledger masters can be altered at any time, regardless of transactions
C) Ledger masters can be altered, but changes will only affect future
transactions
D) Ledger masters cannot be altered once created
Answer: B) Ledger masters can be altered at any time, regardless of
transactions
The behavioural attributes of this group cannot be changed.
A) Sub-group
B) Ledger-group
C) Primary-group
D) Alter-group
Answer key: C) Primary group
In Tally, the company features consist of configurations/ functionalities, which
affect accounting transactions and reports.
A) Statistical
B) Inventory
C) Accounting
D) Statutory & Taxation
Answer Key: C) Accounting

In Tally, there are …….. predefined groups which are widely used in Chart of
Accounts of many trading organizations.
A) 28
B) 29
C) 30
D) 31
Answer key: A) 28

What is the purpose of the 'Voucher' feature in Tally?

A) To create invoices
B) To record transactions
C) To generate reports
D) To manage inventory
Answer: B) To record transactions

What is the total number of voucher types available in Tally Prime?

A) 21
B) 22
C) 23
D) 24
Answer: D) 24
What is the key combination to change the mode of a voucher in Tally Prime?
A) Ctrl+H
B) Alt+G
C) Ctrl+M
D) Alt+V
Answer: A) Ctrl+H

Which of the following is not a type of voucher in Tally?

A) Payment Voucher
B) Sales Voucher
C) Contra Voucher
D) Bill Voucher
Answer key: D) Bill Voucher

The details of a voucher entry can be given in the …….

A) Comment
B) Memo
C) File
D) Narration
Answer key: D) Narration

We can record any money received from debtors against sales invoices using
…………. voucher in Tally.
A) Payment
B) Receipt
C) Contra
D) Sales
Answer key: B) Receipt
This voucher type records adjustments between ledgers.
A) Sales
B) Receipt
C) Payment
D) Journals
Answer key: D) Journals

The voucher type for recording non cash/bank financial transactions

A) Journals
B) Receipt
C) Payment
D) Contra
Answer key: A) Journals

A bank overdraft repaid by cheque at Rs.25000 can be made in the

voucher…..
A) Payment
B) Receipt
C) Debit
D) Contra
Answer key : D) Contra

A payment is made to a creditor ABC - Rs.10,000 by cash, it should be

entered into the ------------- voucher :
A) Loan
B) Payment
C) Receipt
D) Sales
Answer key: B) Payment
The voucher type for recording fund transfer from one bank account to
another
A) Journals
B) Receipt
C) Payment
D) Contra
Answer key: D) Contra

The voucher used to record all bank and cash payments is …..
A) Credit Note
B) Contra
C) Sales Note
D) Payment
Answer key: D) Payment

How many modes are available for Purchase Voucher?

A) 2
B) 3
C) 4
D) 1
Answer: C) 3

The voucher type for recording cash transferred from one location to another
A) Credit Note
B) Contra
C) Sales Note
D) Payment
Answer key: B) Contra
What is the purpose of the 'Debit Note' and 'Credit Note' in Tally?
A) To record transactions
B) To generate reports
C) To manage inventory
D) To adjust accounts
Answer: D) To adjust accounts

In Tally, we can pass for any kind of Purchase Returns,Escalation/De-

escalation in price or any other expenses incurred by us on behalf of the
party, etc.
A) Credit Note voucher
B) Stock Journal
C) Physical Stock Voucher
D) Debit Note voucher
Answer key: D) Debit Note voucher

In Tally Prime, a Debit Note Voucher is typically used to record:

A) Purchase Return
B) Sales Return
C) None of the Above
D) All of the Above
Answer: A) Purchase Return

To record an adjustment or correction entry, which voucher type is typically

used in Tally?
A) Payment Voucher
B) Journal Voucher
C) Receipt Voucher
D) Contra Voucher
Answer: B) Journal Voucher
What is the shortcut key to open the Debit Note voucher in Tally Prime?
A) Alt+F9
B) Ctrl+F8
C) Alt+F5
D) Alt+F6
Answer: C) Alt+F5

The voucher type for recording financial transactions not affecting trial
balance
A) Credit Note
B) Contra Voucher
C) Memo Voucher
D) Reversing Journal
Answer key: C) Memo voucher

The voucher type for recording of temporary vouchers which will be

automatically reversed after a particular date
A) Journal
B) Reversing Journal
C) Stock Journal
D) Memo Voucher
Answer key: B) Reversing Journal

You can add a voucher from Day Book by pressing:

A) ALT+A
B) ALT+I
C) ALT+B
D) ALT+G
Answer: A) ALT+A
You can customize the voucher entry screen using the function key…….
A) F13
B) F12
C) F10
D) F11
Answer key: B) F12

What is the purpose of the F12: Configuration feature in Tally reports?

A) To change the font style in reports
B) To customize the report layout and content
C) To create a new company
D) To backup and restore data
Answer: B) To customize the report layout and content

In Tally, we use F12 function key for .

A) Features
B) Company Info
C) Configurations
D) Gateway of Tally
Answer key: C) Configurations

In the Accounting Vouchers screen of Tally, press …… to create a payment

voucher.
A) F4
B) F5
C) F6
D) F7
Answer key: B) F5
We can cancel a voucher using
A) ALT + X
B) ALT + D
C) CTRL + X
D) CTRL + D
Answer key: A) ALT + X

In Tally, one can delete the ledger by pressing ……. in the Alteration Mode.
A) Ctrl + D
B) Shift + D
C) Alt + D
D) None of the above
Answer key: C) Alt + D

What is the primary purpose of the Multi-Masters menu under the Chart of
accounts in Tally Prime?
A) To generate financial reports
B) To create and manage multiple ledgers, stock items, or other masters
simultaneously
C) To process payroll
D) To backup and restore data
Answer: B) To create and manage multiple ledgers, stock items, or other
masters simultaneously
Which of the following banking transactions can be recorded in Tally using the
'Bank Entry' voucher type?
A) Cheque deposit
B) Cash withdrawal
C) Bank transfer
D) All of the above
Answer: D) All of the above
What is the primary purpose of Bank Reconciliation in Tally Prime?
A) To generate invoices
B) To track inventory levels
C) To reconcile bank transactions with company records
D) To manage employee payroll
Answer: C) To reconcile bank transactions with company records

Which of the following is the correct method to activate auto bank

reconciliation in Tally?
A) Gateway of Tally > Alter > Ledger > Select Set Enable Auto Reconciliation
to Yes
B) Gateway of Tally > Banking
C) Gateway of Tally > Banking > Reconcile Bank Account
D) None of the Above
Answer: A) Gateway of Tally > Alter > Ledger > Select Set Enable Auto
Reconciliation to Yes

What is the primary benefit of using Auto Bank Reconciliation in Tally?

A) Automatic posting of bank transactions
B) Manual entry of bank statements
C) Faster and accurate reconciliation of bank statements
D) Generation of bank statements
Answer: C) Faster and accurate reconciliation of bank statements

What is the purpose of the 'Inventory Management' module in Tally?

A) To manage financial transactions
B) To manage customer relationships
C) To track and manage stock levels
D) To generate payroll
Answer: C) To track and manage stock levels
What is the Default Godown in Tally?
A) Primary Godown
B) Main Godown
C) Main Location
D) None of the Above
Answer: C) Main Location

In Tally, we can pass for recording the actual stock which is verified or
counted.
A) Physical Stock
B) Stock Journal
C) Credit Note Voucher
D) None of the above
Answer key: A) Physical Stock

The voucher type used for recording inter- godown transfers:

A) Physical Stock
B) Stock Journal
C) Materials In and Materials Out
D) Rejection In and Rejection Out
Answer key: B) Stock Journal

How many types of measurement units can we create in Tally?

A) 01
B) 02
C) 03
D) 04
Answer: B) 02
What does the Stock Summary report in Tally display?
A) Detailed information about each stock item
B) A summary of stock levels and values for all stock items
C) A list of stock items that are below the minimum reorder level
D) A list of stock items that are nearing expiration
Answer: B) A summary of stock levels and values for all stock items

What is the purpose of the 'Stock Query' feature in Tally?

A) To track inventory levels
B) To manage orders
C) To generate reports
D) To record transactions
Answer: A) To track inventory levels

The Payroll Vouchers include

A) Employee and Employee Groups
B) Job work In order and Job work out order
C) Attendance and Payroll
D) Memorandum and Reversing Journal
Answer key: C) Attendance and Payroll

Which of the following is a way to navigate reports in Tally?

A) Using the "Go To" option
B) Using the "View" option
C) Using the "Reports" menu
D) All of the above
Answer: D) All of the above
Which of the following is a benefit of Tally Prime's "Go To" feature?
A) Reduces the need for manual data entry
B) Facilitates quick navigation and access to different reports and functions
C) Enhances security features
D) Provides automated inventory management
Answer: B) Facilitates quick navigation and access to different reports and
functions

Which of the following reports is specifically used to track the financial health
of a business?
A) Balance Sheet
B) Inventory Report
C) Time Log Report
D) Expense Report
Answer: A) Balance Sheet

Which of the following reports can be generated in Tally?

A) Balance Sheet
B) Profit & Loss Statement
C) Cash Flow Statement
D) All of the above
Answer: D) All of the above

What is the purpose of the 'Trial Balance' in Tally?

A) To generate the balance sheet
B) To generate the profit and loss statement
C) To verify the accuracy of ledger accounts
D) To create a new company
Answer: C) To verify the accuracy of ledger accounts
Which of the following reports can be generated in Tally?
A) Balance Sheet
B) Profit & Loss Statement
C) Cash Flow Statement
D) All of the above
Answer: D) All of the above

What is the purpose of the Budgets and Scenarios feature in Tally Prime?
A) To manage inventory levels
B) To generate payroll
C) To track financial performance against planned budgets and create
different business scenarios
D) To record daily transactions
Answer: C) To track financial performance against planned budgets and
create different business scenarios

Can Tally be used for budgeting and forecasting?

A) Yes
B) No
C) Maybe
D) Not sure
Answer: A) Yes

Can Tally be used for maintaining multiple cost centers?

A) Yes
B) No
C) Maybe
D) Not sure
Answer: A) Yes
Which of the following is a feature of Tally's 'Security Control'?
A) User-level access control
B) Data encryption
C) Audit trail
D) All of the above
Answer: D) All of the above

Which feature in Tally Prime allows you to control user access to various
functions and data?
A) Security Control
B) Data Synchronisation
C) Audit trail
D) Backup and restore
Answer: A) Security Control
In Tally Prime, what is required to set up user-level access control?
A) Creating Company Backup
B) Creating User Role
C) Creating User
D) Activating Password policy
Answer: B) Creating User Role

What is the purpose of Security Levels in Tally?

A) To restrict access to specific features and data for any specific User
B) To allow unlimited access to all features and data
C) To create customized reports and views
D) To manage multiple companies and data
Answer: A) To restrict access to specific features and data for any specific
User
Identify the security mechanism used in Tally.
A) Tally Secure
B) Tally Pack
C) Tally Group
D) Tally Vault
Answer key: D) Tally Vault

Tally offers a data encryption option called ……….

A) Tally Vault
B) Tally Audit
C) Tally Backup
D) None of the above
Answer key: A) Tally Vault

If we forget the Tally Vault password in Tally, which of the following can be
done to break it?
A) Answer the question which has been specified as the password hint
while setting the password.
B) The Tally Vault password cannot be broken by any means.
C) Change some of the settings of Tally Vault to get it.
D) None of the above
Answer key: B) The Tally Vault password cannot be broken by any means

The tracking of changes in vouchers and ledger masters is done by…..

A) Tally Vault
B) Tally Audit
C) Tally Report
D) Tally Group
Answer key: B) Tally Audit
What is the primary purpose of the Edit Log menu in Tally Prime?
A) To view and manage transaction history
B) To edit financial reports
C) To delete old entries
D) To update the Tally Prime software
Answer: A) To view and manage transaction history

Identify the user who can access audit trails in Tally.

A) Owner
B) Data Entry operator
C) Accountant
D) Administrator
Answer key: D) Administrator

The ………… feature in Tally allows the user to create multiple levels of
security as per requirements.
A) Security Controls
B) Tally Vault
C) Backup
D) Tally Audit
Answer key: A) Security Controls

What is the purpose of the 'TallyVault' feature in Tally?

A) To secure online transactions
B) To encrypt company data
C) To backup company data
D) To protect company data from unauthorized access
Answer: B) To encrypt company data
Which of the following is a benefit of using Tally's 'Remote Access' feature?
A) Access to Tally is restricted to a single location
B) Increased risk of data loss and corruption
C) Ability to access Tally from anywhere, at any time
D) Limited to read-only access
Answer: C) Ability to access Tally from anywhere, at any time

In Tally Prime, what must be configured before printing cheques?

A) Bank Ledger
B) GST Details
C) Cheque Printing format and layout
D) Company Address
Answer: C) Cheque Printing format and layout

Can I Print a Blank Check in Favour of Any vendor in Tally Prime?

A) Yes
B) No
C) Only at the time of Statutory payment
D) After adding TDL (Add on) features
Answer: A) Yes

What is the purpose of configuring a Payment Gateway in a Merchant Profile

in Tally?
A) To enable offline payments
B) To integrate with accounting software
C) To facilitate online transactions and accept payments
D) To manage inventory and stock levels
Answer: C) To facilitate online transactions and accept payments
Which of the following is a benefit of using Multi-Currency in Tally?
A) Simplified tax calculations
B) Enhanced security features
C) Accurate foreign exchange gain/loss tracking
D) Streamlined inventory management
Answer: C) Accurate foreign exchange gain/loss tracking

What is the primary purpose of enabling the MultiCurrency feature in Tally

Prime?
A) To manage multiple bank accounts
B) To record and manage transactions in different currencies
C) To calculate Exchange Gain/Loss
D) Both B and C
Answer: D) Both B and C

Which of the following is a benefit of using Tally's 'Multi-Company' feature?

A) Ability to manage only one company
B) Ability to manage multiple companies with separate data
C) Ability to manage multiple companies with shared data
D) Ability to manage only related companies
Answer: B) Ability to manage multiple companies with separate data

Can Tally be used for multi-company accounting?

A) Yes
B) No
C) Maybe
D) Not sure
Answer: A) Yes
Which of the following is a benefit of creating a Group Company in Tally?
A) Limited flexibility in financial reporting
B) Inability to share data between companies
C) Ability to consolidate financials and perform inter-company transactions
D) Increased complexity in financial management
Answer: C) Ability to consolidate financials and perform inter-company
transactions
What is the correct treatment for Accounts Payable and Accounts Receivable
in a company’s balance sheet?
A) Accounts Payable is an asset, and Accounts Receivable is a liability
B) Accounts Payable is a liability, and Accounts Receivable is an asset
C) Both Accounts Payable and Accounts Receivable are assets
D) Both Accounts Payable and Accounts Receivable are liabilities
Answer: B) Accounts Payable is a liability, and Accounts Receivable is an
asset

What information does the Bills Receivable Report in Tally typically display?
A) List of bills paid to suppliers
B) List of bills received from customers
C) List of credit notes issued to customers
D) List of debit notes received from suppliers
Answer: B) List of bills received from customers

Which of the following reports in Tally displays the list of bills that are due for
payment to suppliers?
A) Bills Receivable Report
B) Bills Payable Report
C) Outstanding Payments Report
D) Payment Due Report
Answer: B) Bills Payable Report
What is the purpose of enabling 'Billwise Details' in the Accounts Payable or
Accounts Receivable ledger in Tally?
A) To track the payment history of individual bills
B) To view the total outstanding balance of all bills
C) To display the bill-wise details in the balance sheet
D) To generate bills for customers or suppliers
Answer: A) To track the payment history of individual bills

In Tally, what happens when you enable 'Bill-wise Entry' in a Purchase

voucher?
A) The voucher will only allow entry of a single bill
B) The voucher will automatically generate a payment entry
C) The voucher will allow entry of multiple bills with their respective details
D) The voucher will not allow entry of any bills
Answer: C) The voucher will allow entry of multiple bills with their respective
details
What happens when you clear a bill in a Payment voucher using the 'Bill-wise
Entry' feature in Tally?
A) The entire invoice amount will be cleared
B) Only the payment amount will be cleared
C) The bill will be marked as fully paid
D) The bill will be deleted
Answer: C) The bill will be marked as fully paid

In Tally, what is the purpose of using 'Advance Reference' while creating a

voucher?
A) To link a voucher to a specific ledger account
B) To assign a unique reference number to a voucher
C) To connect a voucher to a related transaction or document
D) To specify the voucher’s date and time
Answer: C) To connect a voucher to a related transaction or document
What does the 'Preallocate Bills' feature in Tally Prime allow you to do?
A) Predefine credit limits for customers
B) Allocate payments or receipts against specific bills before recording
transactions
C) Automatically generate bills based on pre-defined parameters
D) Adjust inventory levels based on transactions
Answer: B) Allocate payments or receipts against specific bills before
recording transactions

In Tally, what happens when you enable 'Bill-wise Entry' in a Payment

voucher?
A) The voucher will only allow payment against a single bill
B) The voucher will automatically generate a purchase entry
C) The voucher will allow payment against multiple bills with their respective
details
D) The voucher will not allow payment against any bills
Answer: C) The voucher will allow payment against multiple bills with their
respective details

In Tally, what is the effect of using the 'Billwise Entry' feature in a Payment
voucher on the 'Outstanding Bills' report?
A) The report will not show any bills
B) The report will show only fully paid bills
C) The report will show partially paid bills with the outstanding amount
D) The report will show all bills, including fully paid and outstanding bills
Answer: D) The report will show all bills, including fully paid and outstanding
bills
How does the 'Check Credit Period' field affect the debtor’s transactions in
Tally Prime?
A) It restricts the total amount that can be invoiced to the debtor.
B) It helps in calculating interest on overdue payments.
C) It sets the period within which payments should be made to avoid
penalties.
D) It determines the credit period allowed before the invoice is flagged as
overdue.
Answer: D) It determines the credit period allowed before the invoice is
flagged as overdue
What happens when a customer's credit limit is exceeded in Tally?
A) The transaction will be automatically posted
B) A warning message will appear, but the transaction will be posted
C) The transaction will be blocked, and a warning message will appear
D) The credit limit will be automatically increased
Answer: C) The transaction will be blocked, and a warning message will
appear
Which of the following methods of interest calculation is supported by Tally?
A) Simple Interest only
B) Compound Interest only
C) Both Simple and Compound Interest
D) Neither Simple nor Compound Interest
Answer: C) Both Simple and Compound Interest

Which ledger should be enabled for interest calculation when creating a party
account in Tally Prime?
A) Sales Ledger
B) Purchase Ledger
C) Bank Ledger
D) Sundry debtors and creditors Ledger
Answer: D) Sundry debtors and creditors Ledger
Which of the following conditions must be fulfilled to claim ITC?
A) The tax invoice must be available, and the goods/services must be used
for business purposes
B) The goods/services must be used for personal consumption
C) The goods must be resold immediately
D) The invoice should be over 6 months old
Answer: A) The tax invoice must be available, and the goods/services must
be used for business purposes

What is the order of ITC utilization for payment of IGST liability?

A) First IGST, then CGST, then SGST
B) First CGST, then SGST, then IGST
C) First SGST, then CGST, then IGST
D) First IGST, then CGST and SGST in any order
Answer: D) First IGST, then CGST and SGST in any order

Which of the following entities are required to generate e-invoices as per the
latest regulations?
A) Businesses with annual turnover exceeding ₹50 crore
B) Businesses with annual turnover exceeding ₹100 crore
C) Businesses with annual turnover exceeding ₹5 crore
D) All registered businesses
Answer: C) Businesses with annual turnover exceeding ₹5 crore

What do the first two digits of GSTIN represent?

A) PAN number
B) State code
C) Business type
D) Legal entity
Answer: B) State code
What is the full form of GSP in the context of GST?
A) General Service Provider
B) Government Service Provider
C) GST Suvidha Provider
D) Goods Service Provider
Answer: C) GST Suvidha Provider

Which of the following ledgers needs to be created for recording GST in Tally
Prime?
A) Sales Ledger, Purchase Ledger, GST Ledger
B) Capital Ledger, GST Ledger, Expense Ledger
C) Only GST Ledger
D) Only Sales Ledger
Answer: A) Sales Ledger, Purchase Ledger, GST Ledger

Which of the following transactions requires an e-way bill to be generated?

A) When goods worth ₹10,000 or more are transported
B) When goods worth ₹50,000 or more are transported
C) When goods are transported within the same city
D) For all types of goods irrespective of value
Answer: B) When goods worth ₹50,000 or more are transported

What is the primary purpose of the E-Way Bill system under GST?
A) To generate invoices
B) To track the movement of goods
C) To file GST returns
D) To apply for GST registration
Answer: B) To track the movement of goods
What is the website for generating E-Way Bills?
A) www.gst.gov.in
B) www.ewaybill.nic.in
C) www.cbic.gov.in
D) www.einvoicing.gov.in
Answer: B) www.ewaybill.nic.in

Can Tally be used for generating e-Way Bills?

A) Yes
B) No
C) Maybe
D) Not sure
Answer: A) Yes

Which of the following is NOT required for E-Way Bill generation?

A) Invoice or Bill of Supply
B) Transporter’s ID
C) HSN code of goods
D) PAN of the supplier
Answer: D) PAN of the supplier

Which type of ledger should be created to record tax of sales under GST in
Tally Prime?
A) Sales Ledger
B) Purchase Ledger
C) Duties and Taxes Ledger
D) Bank Ledger
Answer: C) Duties and Taxes Ledger
What happens if you select the GST not applicable in Purchase ledger for a
purchase in Tally Prime?
A) Tally Prime will automatically apply the default rate
B) The GST amount will not be calculated, and it will not reflect in GST
reports
C) Tally Prime will prompt you to select a rate
D) The purchase transaction will be rejected
Answer: B) The GST amount will not be calculated, and it will not reflect in
GST reports
Key combination to view the tax analysis report in a purchase voucher in Tally
Prime?
A) Ctrl+H
B) Ctrl+M
C) Ctrl+D
D) Alt+A
Answer: D) Alt+A

How many digits are there in the GST Identification Number (GSTIN)?
A) 10 digits
B) 12 digits
C) 15 digits
D) 18 digits
Answer: C) 15 digits

What is GSTR-3B?
A) An interim return
B) An annual return
C) A quarterly return
D) A return for claiming refunds
Answer: A) An interim return