1. Full form of ODBC
A) Open data base
connectivity
B) Open data base calculating
C) Open document basically
D) Order data base connection
2.
Sales return are recorded in __________ Voucher
A) Sales voucher
B) Debit note
C) Receipt
D) Credit note
3.
A credit note is sent by ____________ to
A) Seller, buyer
B) Buyer, seller
C) Customer, seller
D) Creditor, seller
4.
A Group Company is _______________ given to the merged accounts of member
companies of the group
A) A name
B) An identity
C) A and B
D) None of the above
5.
In tally you get currency symbol option from _______ menu
A) Company creation
B) Stock items units
C) Regional setting
D) None of the above
6.
Which shortcut key is used in Company Features screen to use Accounting
Features in Tally?
A) F1
B) F2
C) F3
D) F4
7.
In which voucher type credit sales is recorded in Tally
A) F5: Payment
B) F6: Receipt
C) F7: Journal
D) F8: Sales
8.
Which shortcut key is used to view configure in Tally
A) F10
B) F11
C) F12
D) Alt+F9
9.
To change the date, shortcut used
A) Alt+F2
B) Alt+F3
C) F2
D) F1
10.
To print a voucher from Tally we need to press
A) Ctrl + P
B) Shift + P
C) Alt + P
D) Ctrl + Alt + P
11.
Which shortcut key is pressed to go to company Info? Menu from Gateway of Tally
A) Alt+F4
B) Alt+f2
C) Alt+F1
D) Alt+F3
12.
For entries not involving either cash or bank transactions we use
_______________ voucher
A) Contra voucher
B) Journal
C) Sales
D) Purchase
13.
Debit note is used for entering
A) Purchases
B) Sales
C) Purchase return
D) Sales return
14.
The left hand side of tally screen shows
A) Current date
B) Last entered voucher
C) Gate way of tally
D) List of selected
companies
15.
The process of ascertaining the balance of a particular account on a given date
is
A) Posting
B) Journalizing
C) Balancing
D) Accounting
16.
_____ is an example for tangible assets
A) Furniture
B) Debtors
C) Patent
D) Discount on issue of shares and
debentures
17.
______ are the liabilities which are payable after a long period
A) Fixed liabilities
B) Miscellaneous expenditure
C) Current liabilities
D) Contingent liabilities
18.
______ are the liabilities which are payable after a long period
A) Fixed liabilities
B) Miscellaneous expenditure
C) Current liabilities
D) Contingent liabilities
19.
Predefined groups are also called as
A) Main group
B) Primary group
C) Statutory group
D) Parent group
20.
Company features in tally includes
A) Accounting features
B) Inventory features
C) Statutory features
D) All of the above
21.
How to activate the tally audit feature in a company
A) Press F11 key
B) During the creation
of a company
C) In comp info -> security
control-option
D) Press F12 key
22.
What is the predefined number of groups in tally?
A) 16
B) 28
C) 128
D) 228
23.
Which of the following shows daily balance for a selected voucher type?
A) Daybook
B) Trial Balance
C) Balance Sheet
D) None of the above
24.
Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc?
A) Lts
B) Nos
C) Kgs
D) Box
25.
Which of the following is not compulsory to create while entry in Accounts with
Inventory
A) Stock Groups
B) Stock Items
C) Stock Categories
D) Units of Measure
26.
How many types of Measurement Units we can create in Tally
A) 2
B) 3
C) 5
D) Unlimited
27.
Collection of ledgers of same nature is called
A) Vouchers
B) Asset
C) Group
D) None of these
28.
The options use common narration and narration each entry appear
A) Account creation screen
B) Voucher entry screen
C) F11 accounting
features
D) Voucher type creation screen
29.
A ______ is sent to a customer when he returns the goods
A) Debit note
B) Credit note
C) Performa invoice
D) Bill
30.
A trial balance is prepared
A) To prepare p &l a/c
B) To test the
arithmetical accuracy
C) For making adjustments
D) To balance the a/c
31.
_____ refers the amount invested by the owner into business
A) Loan
B) Advance
C) Capital
D) Prepaid expenses
32.
Assets acquired for long term use in the business are called _________
A) Fixed assets
B) Current assets
C) Fictitious assets
D) Liquid asset
33.
Carriage inwards can be included in
A) Direct expenses
B) Indirect expenses
C) Current liability
D) Misc Expenses
34.
For entries involving both cash and bank transactions we use _______________
voucher
A) Contra voucher
B) Journal
C) Sales
D) Purchase
35.
Adjustment entries can be entered in
A) Contra voucher
B) Journal voucher
C) Sales voucher
D) Purchase voucher
36.
For 'stock journal' entry we press ______________ in tally
A) F7
B) Alt + F7
C) F10
D) F11
37.
Which shortcut key is used to change current period in Tally
A) F2
B) Alt+F2
C) F3
D) Alt+F3
38.
The shortcut key to quit from Tally is
A) Ctrl + L
B) Ctrl + P
C) Ctrl + M
D) Ctrl+ Q
39.
Capital of the company is included under
A) Capital account
B) Fixed liabilities
C) Loans and advances
D) Current liabilities
40.
Transactions are firstly entered in:
A) Journal
B) Ledger
C) Trial balance
D) None of these
41.
_______ is the major source of revenue of any business
A) Investment
B) Advances
C) Loan
D) Sales
42.
There are _________ predefined ledgers
A) One
B) Three
C) Two
D) Four
43.
Bottom of tally screen shows
A) Button bar
B) List of vouchers
C) List of companies
D) Calculator
44.
Which key is pressed to go to Gateway of Tally from company Info Menu?
A) Ctrl
B) Alt
C) Esc
D) Enter
45.
A ledger may get declaration space for its Alias through
A) F12
B) F11
C) Alt + F1
D) Alt + F2
46.
The shortcut used to activate calculator is
A) Ctrl + N
B) Ctrl + M
C) Ctrl + A
D) Ctrl + B
47.
Which shortcut key(s) are used to enter a stock journal in tally?
A) F7
B) Control + F7
C) Alt + F7
D) Shift + F7
48.
Which Shortcut key is pressed to view features in Tally?
A) F10
B) F11
C) Alt+11
D) F12
49.
Which option is used to make changes in created Groups of Ledgers in Tally?
A) Create
B) Display
C) Alter
D) Change
50.
How many inbuilt Accounts group are in tally by default
A) 29
B) 31
C) 25
D) 34
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