Tally ERP.9 MCQ Question with Answer SET-2

1. Income tax number of the company will appear in which report

A) Cash/bank book

B) Profit and loss a/c

C) Reminder letter

D) None of these

2. A ______ is sent to the seller when he is taken back the sold goods

A) Debit note

B) Credit note

C) Performa invoice

D) Bill

3. The term current assets does not include __________

A) Debtors

B) B/r

C) Stock

D) Goodwill

4. To change Current Date from Gateway of Tally press the key

A) F1

B) F5

C) F2

D) F9

5. We can cancel a voucher using

A) Alt + X

B) Ctrl + X

C) Shift + X

D) Ctrl + Shift + X

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

A) Ctrl+P

B) Shift+P

C) Alt+P

D) Alt+Ctrl+P

7. Patent account falls under

A) Investments

B) Liabilities

C) Current assets

D) None of these

8. Employee salary details are shown in

A) Attendance sheet

B) Gratuity papers

C) Exact reports

D) Pay roll

9. Which reports are prepared monthly in Tally

A) Profit & Loss A/C

B) Balance Sheet

C) Trial Balance

D) Cash Flow of Funds Flow

10. Which of the following is the example of external users of accounting information?

A) Government

B) Owners

C) Management

D) Employee

11. Which option is used to move from one company to another when more than one companies are open?

A) Company Info

B) Shut Company

C) Select Company

D) Company

12. Which option is selected from Company Info Menu to divide company data into two financial years?

A) Change Tally Vault

B) Alter

C) Split Company Data

D) New Company

13. Which of the following is compulsory to create while entry in Accounts with Inventory

A) Stock Groups

B) Stock Items

C) Units of Measure

D) All of these

14. What is the advantage of a computer-based transaction processing system?

A) Does not require as stringent a set of internal controls

B) Will produce a more accurate set of financial statements

C) Eliminates the need to reconcile control accounts and subsidiary ledgers

D) Will be more efficient at producing financial statements

15. BOM represents

A) Billing of Machines

B) Bill of Materials

C) Bill of Maintenance

D) None of these

16. Find out which is not a Default Ledger in Tally

A) Cash in Hand

B) Capital Account

C) Profit & Loss

D) None of these

17. Which of the following is the predefined stock category in tally?

A) Primary

B) Symbol

C) Stock

D) Main location

18. The voucher type for recording goods received

A) Rejection in

B) Receipt note

C) Purchase order

D) Stock voucher

19. Which option is used to place data taken in pen drive or CD to Appropriate place in Tally?

A) Backup

B) Restore

C) Split Company Data

D) None of these

20. Which option is used to view Trial Balance from Gateway of Tally?

A) Gateway of Tally>Reports>Trial Balance

B) Gateway of Tally>Trial Balance

C) Gateway of Tally>Reports>Display>Trial Balance

D) None of these

21. Which option is used to view Trial Balance from Gateway of Tally?

A) Gateway of Tally>Reports>Trial Balance

B) Gateway of Tally>Trial Balance

C) Gateway of Tally>Reports>Display>Trial Balance

D) None of these

22. To create Purchase Order press

A) Alt + F4

B) Ctrl + F4

C) F4

D) None of these

23. The shortcut used for Sales Order is

A) Alt+F4

B) Alt+F5

C) Alt+F7

D) Alt+F8

24. Which key is used to post entry in Debit Note in tally

A) F7

B) F8

C) Ctrl+F9

D) Ctrl+F8

25. Drawings account is to be created by linking with

A) Capital

B) Current asset

C) Current liability

D) Drawings

26. Where do we record credit purchase of furniture in Tally?

A) Purchase

B) Payment

C) Receipt

D) Journal

27. An account that the user need not create is

A) Cash at bank

B) Sundry creditors

C) Cash in hand

D) Balance sheet

28. Company Restore option is available in

A) Company Features

B) Company Information

C) Configuration

D) None of these

29. Integrated accounts with inventory is available in

A) F12 configuration

B) F11 features

C) Inventory Info

D) Accounts Info

30. Accrued income comes under

A) Current liability

B) Capital

C) Current asset

D) Fixed asset

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

A) List of Accounts

B) Accounts

C) List

D) None of these

32. Where do we record purchase return, sales return, depreciation, bad debts etc in Tally

A) Journal

B) Payment

C) Contra

D) Receipt

33. By which option Purchase or Sales register can be viewed

A) Statutory Books

B) Inventory Books

C) Accounts Books

D) Display

34. Credit note is used for entering

A) Purchases

B) Sales

C) Purchase return

D) Sales return

35. Online voucher creation from Day Book report by pressing

A) Ctrl + A

B) Shift + A

C) Alt + A

D) None of these

36. Which file in tally is used to record the import activity?

A) Tally dat

B) Tally ini

C) Tally imp

D) None of the above

37. ERP stands for

A) Enterprise resource planning

B) Economic resource planning

C) Efficient resource planning

D) Economic resource processing

38. Reserve group accounts in tally is

A) 28

B) 30

C) 18

D) 15

39. Rs.20000/- withdrawn from State Bank. In which voucher type this transaction will be recorded

A) Payment

B) Receipt

C) Contra

D) Post-Dated

40. "Alias" represents

A) Short name

B) Nick name

C) Code name

D) All of these

41. Transfer of materials from one godown to another godown use.

A) Manufacturing Journal

B) Stock Journal

C) Purchase Journal

D) Both A & B

42. Which of the following user type can view audit list?

A) Tally Vault

B) Owner

C) Data Entry

D) Administrator

43. A ____________ serves the purpose of both journal and ledger accounts

A) Journal proper

B) Purchase day book

C) Cash book

D) Any of the above

44. Which of the following is not a disadvantage of introducing computerized accounting system?

A) Possible demotivation through redundancy

B) High expenditure on set up

C) Saving made on labor cost

D) Required staff training

45. _______ is the expense which is unpaid at the end of the accounting period

A) Outstanding expenses

B) Prepaid expenses

C) Proposed expenses

D) Working capital

46. Bank account is _________

A) Personal account

B) Real account

C) Nominal account

D) Intangible real account

47. Which of the following is used for voucher entry?

A) Ledger Account

B) Groups

C) Sub-Groups

D) Depends on number of companies

48. Default 'godown' name in tally is ____________

A) Primary

B) Main location

C) A or b

D) None of the above

49. _____________ gives the balance for each day for the voucher type has been selected

A) Trial Balance

B) Daybook

C) Balance Sheet

D) None of the above

50. We can repeat narration by pressing

A) Shift + R

B) Alt + R

C) Ctrl + R

D) Alt + Shift + R