Qus 101:- In Tally, in the single mode payment foe POS voucher entry ________ is the mode of payment?

Ans :- Cash

Qus 102:- Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the _______ (prepared by business)?

Ans :- Cash book

Qus 103:- The main purpose of preparing a bank reconciliation statement is _________ ?

Ans :- To identify causes of difference between cash book and bank statement

Qus 104:- bank reconciliation statement is ________ ?

Ans :- A separate statement

Qus 105:- To reconcile the bank statement go to “Gateway of Tally > ________ > Bank reconciliation > select the name of required book?

Ans :- Banking

Qus 106:- For auto bank reconciliation, on the “bank reconciliation” screen, press ________ ?

Ans :-ALT+B

Qus 107:- You can print a cheque  directly from Tally?

Ans :- True

Qus 108:- You can enable the cheque printing option from the bank ledger screen?

Ans :- False

Qus 109:- To configure the cheque dimensions, from Gateway of Tally you need to select F11 : Feature > F1: Accounting features?

Ans :- False

Qus 110:- You can set only one cheque books (check range) in Tally?

Ans :- False

Qus 111:- Which of the following shortcut keys is used to define the cheque dimensions?

Ans :- ALT+U

Qus 112:- Loans are a short term source of finance?

Ans :- False

Qus 113:- Which of the following is not loans liability source of finance in Tally?

Ans :- True

Qus 114:- BankOcc account holder can have cash credit & facility from against its stock and receivable?

Ans :- True

Qus 115:- Term loan come under unsecured loans?

Ans :- False

Qus 116:- Debenture is security provided by borrower?

Ans :- True

Qus 117:- Job costing is used to track all the expenses and incomes for a project created as a cost centre?

Ans :- True

Qus 118:- Job costing is a combination of cost centre and inventory godown?

Ans :- True

Qus 119:- Job costing cannot be used to determine the true cost for each job broken down by location?

Ans :- False

Qus 120:- Job costing can be used to track overhead cost by allocasting them for each job?

Ans :- True

Qus 121:- In job costing tracking transfer of materials from one godown is impossible?

Ans :- False

Qus 122:- Job costing is a specific order costing, which applies to a job or a project undertaken according to a costumer’s requirement and specification?

Ans :- True

Qus 123:- Using ________ to locate the cost of expenses for a project?

Ans :- Cost centre

Qus 124:- ________ is dedicated to specific job?

Ans :-Godown

Qus 125:- Through _________ we can transfer stocks from one project to another project?

Ans :- Stock journal

Qus 126:- The _______ key is used to view the comparative job work analysis reports?

Ans :- ALT+N

Qus 127:- Job costing is used to determine the actual cost for each job based on the _______ ?

Ans :- Location

Qus 128:- Job costing is applied to a job undertaken based on the costumer’s requirement and specification?

Ans :- True

Qus 129:- Job costing is used to determine _____ for a given job. Based on this, the profit is calculated for the job?

Ans :- Revenue and expenditure

Qus 130:- The job costing features cannot track the quantity of different materials used from different godowns?

Ans :- False

Qus 131:- The job costing feature allows you to compare the _____ of different jobs on a single screen?

Ans :- Expanses

Qus 132:- Job works refers to the process of placing order of only semi-finished goods to job workers?

Ans :- False

Qus 133:- Job work also involves tracking of speech dispatch raw materials, receiving and analyzing the variance quantity for the effective execution of the manufacturing process at the job works location?

Ans :- True

Qus 134:- In Tally, job order processing can ensure optimum utilization of material only?

Ans :- False

Qus 135:- In Tally, for job order processing it is difficult to trade inventory?

Ans :- False

Qus 136:- Tally generates instant cost assessment and analytical reports at various stages of processing and manufacturing?

Ans :- True

Qus 137:- Job work in order takes place when a company receives job work from a third party?

Ans :- True

Qus 138:- Job works in process does not allow you to define BOM for finished goods?

Ans :- False

Qus 139:- A job worker records purchase invoice with finished goods out?

Ans :- False

Qus 140:- “Third party stock with us” means we are stealing stock item of a third party?

Ans :- False

Qus 141:- Go to Gateway of Tally > display > job work > job work in reports to view outstanding job work in orders reports?

Ans :- False

Qus 142:- Which of the following is the shortcut key for job work in order?

Ans :- ALT+W

Qus 143:- Which of the following is the shortcut key for material in voucher?

Ans :- CTRL+W

Qus 144:- To show the manufacturing process, a new voucher type is created under _____ predefined voucher type?

Ans :- Stock journal

Qus 145:- The “Enable job order processing” option is available in _____ ?

Ans :- F11 : Feature > F2 : inventory

Qus 146:- Material movement register allows you to check detail of the finished good and raw material?

Ans :- True

Qus 147:- The company code field is included in all the provident fund codes of company allotted by the department?

Ans :- True

Qus 148:- Tax deduction and collection account number is ______ digit code assigned to employees?

Ans :- 10

Qus 149:- The salary paid to and employee is computed based work done by an employee which is quantity field using the _________  ?

Ans :- Payroll unit

Qus 150:- Like inventory unit, payroll unit cannot be a compound unit?

Ans :- False