Sterliate Educations

673-A, Second Floor, Gali No.-7, Govindpuri, Kalkaji,, New Delhi 110019 Bharat
TEE-40 CFA-JUNE-2023
Question : 50 Duration : 50 Minutes

1

To create a sales voucher in tally, you have to press the key _______

A: F5
B: F7
C: F6
D: F5
Answer: D

2

 For what period is a registration certificate valid?

A: 5 Years
B: 10 Years
C: Till Not Cancelled
D: 5 Years
Answer: C

3

 Is PAN Number mandatory for GST Registration?

A: Yes
B: No
C: Not Applicable
D: Yes
Answer: A

4

 In which purchase is IGST Payable?

A: Intra State
B: Inter State
C: Inter Continents
D: Intra State
Answer: B

5

CGST and SGST are levied as a part of which purchase?

A: Inter Continent
B: Intra State
C: Inter-State
D: Inter Continent
Answer: B

6

 What is the GST rate slab for Goods & Services?

A: 0% 5% 12% 18% 26%
B: 0% 6% 12% 18% 28%
C: 0% 5% 12% 18% 28%
D: 0% 5% 12% 18% 26%
Answer: C

7

 When did GST come into action in India?

A: 1st Jan 2015
B: 1st April 2014
C: 1st July 2017
D: 1st Jan 2015
Answer: C

8

Which shortcut key is pressed for voucher entry or deleting a ledger?

A: Alt + A
B: Alt + C
C: Alt + X
D: Alt + A
Answer: D

9

Which shortcut key is used to export data of any company in Microsoft Excel spreadsheet or in any other company?

A: Alt + E
B: Alt + P
C: Alt + S
D: Alt + E
Answer: B

10

Which shortcut key is used to take print of any report in Tally?

A: Ctrl + P
B: Shift + P
C: Alt + Ctrl + P
D: Ctrl + P
Answer: D

11

Which submenu is used to create new ledgers, groups and voucher types in Tally?

A: Inventory Info
B: Account Info
C: Accounting Vouchers
D: Inventory Info
Answer: B

12

To change the date, ___________ shortcut used.

A: Alt + F2
B: Alt + F3
C: F2
D: Alt + F2
Answer: C

13

Which shortcut key is used to view Report with all details in Tally?

A: F1
B: Alt + F1
C: F3
D: F1
Answer: B

14

Bank account is _________

A: Personal account
B: Real account
C: Nominal account
D: Personal account
Answer: A

15

Changes in accounts are possible only in __________.

A: Display mode
B: Alternation mode
C: Single mode
D: Display mode
Answer: B

16

Debit note is used for entering ____________.

A: Purchases
B: Sales
C: Purchase return
D: Purchases
Answer: C

17

Which function key is used to enter purchase?

A: F6
B: F7
C: F8
D: F6
Answer: D

18

Which function key is used to enter receipts?

A: F2
B: F4
C: F6
D: F2
Answer: C

19

Which sequence of option is used 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 →Trial balance
Answer: B

20

Which shortcut key is used to shut a company from the gateway of Tally screen?

A: Alt + F1
B: Alt + F3
C: Alt + F5
D: Alt + F1
Answer: A

21

Which combination of key is used to save the information in Tally?

A: Ctrl + A
B: Ctrl + I
C: Ctrl + S
D: Ctrl + A
Answer: A

22

Which term is used for all the amounts payable by a business concern to outsiders?   

A: Assets
B: Capitals
C: Debits
D: Assets
Answer: D

23

Which term is used for the amount invested for starting a business by a person?

A: Asset
B: Capital
C: Debit
D: Asset
Answer: B

24

_____ is the shortcut to Payroll Auto fill from Payroll Vouchers in Tally.


A: Alt+S
B: Alt+A
C: Ctrl+F4
D: Alt+S
Answer: B

25

To remove a line at all reports screen, shortcut is


A: Alt + R
B: Alt + S
C: Alt + 1
D: Alt + R
Answer: A

26

Transfer of materials from one godown to another godown, use


A: Stock Journal
B: Purchase Journal
C: Manufacturing Journal
D: Stock Journal
Answer: A

27

We can cancel a voucher using


A: Alt + X
B: Ctrl + Shift + X
C: Ctrl + X
D: Alt + X
Answer: A

28

What is MRP?


A: Minimum Retail Price
B: Maximum Retail Price
C: Marginal Price
D: Minimum Retail Price
Answer: B

29

Single Entry mode is applicable for


A: Payment Voucher
B: Contra
C: Receipt Voucher
D: Payment Voucher
Answer: D

30

Tally package is developed by


A: Microsoft
B: Adobe Software
C: Apple Software
D: Microsoft
Answer: D

31

Which option is used to view list of Primary and Secondary groups in Tally?


A: Accounts
B: List
C: List of Accounts
D: Accounts
Answer: C

32

Recording of actual stock as physically verified or counted is done through

A: Sales
B: Journal
C: Stock Journal
D: Sales
Answer: D

33

We can see list of Memorandum Vouchers from


A: Accounts Books
B: Cash/Bank Books
C: Exception Reports
D: Accounts Books
Answer: C

34

ETCS means


A: Electronic Tax Collection System
B: Electric Tax Collected at Source
C: Electronic Tax Collected at Source
D: Electronic Tax Collection System
Answer: D

35

Bank OCC a/c is a group defined under


A: Loan & Liability
B: Secured Loan
C: Unsecured Loan
D: Loan & Liability
Answer: A

36

TDS deduction entry can be made through

A: Journal voucher
B: Payment Voucher
C: Receipt Voucher
D: Journal voucher
Answer: A

37

To active MRP feature from Gateway of Tally initially we need to press

A: F10
B: F11
C: F12
D: F10
Answer: C

38

Which shortcut key is used in ‘Company Features’ Screen to use Statutory & Taxation in Tally?

A: F1
B: F2
C: F3
D: F1
Answer: C

39

Which shortcut key(s) are used to display list of inventory reports within balance sheet?

A: F8
B: F9
C: F10
D: F8
Answer: B

40

_____ is the shortcut to Attendance from Payroll Vouchers in Tally.

A: Ctrl+F4
B: Ctrl+F5
C: Alt+A
D: Ctrl+F4
Answer: A

41

Which option is used to view list of Primary and Secondary groups in Tally?


A: Accounts
B: List
C: List of Accounts
D: Accounts
Answer: C

42

Data Folder of a Company consists of


A: 3 digits
B: 4 digits
C: 5 digits
D: 3 digits
Answer: C

43

Retained Earnings is an alias of

A: Investments
B: Capital Account
C: Indirect Income
D: Investments
Answer: D

44

Service Tax Report can be seen from

A: Display > Account Books
B: Display > Statutory Reports
C: Display > Day Book
D: Display > Account Books
Answer: B

45

To activate Job Costing which options require to be activated?

A: Maintain VAT
B: Maintain Cost Centre
C: Use Cost Centre for Job Costing
D: Maintain VAT
Answer: D

46

To show the cheque number while reconciling Bank Accounts press

A: CTRL + F11
B: CTRL + F12
C: F11
D: CTRL + F11
Answer: D

47

Transfer from Main Cash to petty Cash you require to pass _____ voucher.

A: Contra
B: Payment
C: Receipt
D: Contra
Answer: A

48

Manufacturing journal creates based on

A: Purchase Quotation
B: Stock Journal
C: Receipt Note
D: Purchase Quotation
Answer: B

49

We can change the Company Information from

A: Company Info > View
B: Company Info > Split Company Data
C: Company Info > Back up
D: Company Info > View
Answer: D

50

Party account can be created through

A: Inventory creation window
B: Group creation window
C: Ledger creation window
D: Inventory creation window
Answer: C