1. Tally package is developed by
A) Petronius
B) Tally Solutions
C) Coral Software’s
D) Vedika Software’s
2.
Which option from Company Info menu is selected to create a new Company in
Tally?
A) Company Create
B) Create Company
C) Create
D) New Company
3. Which option is used to open company
created in Tally
A) Create Company
B) Alter
C) Select Company
D) Shut Company
4.
Which submenu is used to create new ledgers, groups and voucher types in Tally?
A) Account Info
B) Inventory Info
C) Accounting Vouchers
D) Inventory Vouchers
5. Which option is used in Tally to
make changes in created company?
A) Select Company
B) Shut Company
C) Alter
D) None of these
6. Which voucher type is used to transfer amount from one bank to another
A) Contra
B) Payment
C) Receipt
D) Post-Dated
7. Which of the following equation is
true for balance sheet?
A) Assets = Liabilities +Capital
B) Liabilities = Assets + Capital
C) Capital = Assets + Liabilities
D) All of these
8. How many options related to Company
Features are there in F11: Features in Tally
A) 3
B) 2
C) 5
D) 4
9. Where do we record transactions of
salary, rent or interest paid?
A) Contra
B) Journal
C) Receipt
D) Payment
10. How many secondary groups are there
in Tally?
A) 15
B) 13
C) 28
D) 3
11. Which menu is used to create new
ledgers, groups and voucher types in Tally?
A) Reports
B) Import
C) Transactions
D) Masters
12. Which menu appears after starting
Tally for the first time?
A) Gateway of Tally
B) Company Info
C) Display
D) None of these
13. Which option is used in Tally to
close opened Company
A) Alter
B) Shut Company
C) Create Company
D) Select Company
14. How many primary groups are there in
Tally
A) 19
B) 28
C) 15
D) 20
15. Party account can be created
through
A) Group creation window
B) Ledger creation window
C) Inventory creation window
D) Any one of them
16. Suspense Account Group is defined
under
A) Income
B) Expenditure
C) Liabilities
D) Assets
17. Professionals usually maintain
accounts as
A) Accounts with Inventory
B) Accounts Only
C) Normal Accounting
D) Payroll Accounting
18. A company can be deleted only in
A) Display
B) Alter
C) Delete
D) Create
19. Capital is treated as liability
because of
A) Dual aspect concept
B) Money measurement concept
C) Matching concept
D) Entity concept
20. To get Payroll Reports choose
A) Gateway of Tally > Display
B) Gateway of Tally > Display > Statement of Accounts
C) Gateway of Tally > Display > Statement of Payroll
D) Gateway of Tally > Display > Payroll
Reports
21. The Profit & Loss statement can be displayed in ______________ format(s).
A) Horizontal
B) Vertical
C) A or B
D) None of the above
22. Which of the following can be
budgeted in tally?
A) Net Transactions
B) Closing Balance
C) A and B
D) None
23. Inventory books is used to view
A) Stock Items
B) Group Summary
C) Both A and B above
D) None of these
24. The option statutory compliance for
is appearing in
A) Company creation screen
B) VAT classification screen
C) F11 accounting features
D) Account creation screen
25. How many voucher types area readily
available in Tally
A) 18
B) 16
C) 20
D) 28
26. Which step is followed to view
Purchase Register?
A) Gateway of Tally> Display > Sales Register
B) Gateway of Tally> Account Books > Sales Register
C) Gateway of Tally? Display > Account Books
> Purchase Register
D) None of these
27. Which option is used to view Stock
Items or Group Summary?
A) Accounts Books
B) Inventory Books
C) Statutory Books
D) Display
28. Income earned but not received is
known as __________
A) Advance income
B) Proposed income
C) Earned income
D) Accrued income
29. Which shortcut key is used to view
Report with all details in Tally?
A) F1
B) Alt + F1
C) F3
D) Alt + F2
30. Where do we record all type of
adjustment entry in Tally?
A) F5: Payment
B) F6: Receipt
C) F7: Journal
D) F4: Contra
31. Which Shortcut key is pressed to create a new company in Tally?
A) F3
B) Alt+F3
C) F2
D) Alt+F2
32.
Which shortcut key(s) are used to display list of inventory reports within
balance sheet
A) F8
B) F9
C) F10
D) F11
33. To declare a voucher as Post Dated
press
A) Ctrl + T
B) Alt + T
C) Ctrl + P
D) Ctrl + D
34. To activate MRP feature from Gateway
of Tally initially we need to press
A) F11
B) F12
C) F10
D) Alt + F1
35. _______ is the book of original
entry
A) Journal
B) Voucher
C) Invoices
D) Ledger
36. We can change the Company
Information from
A) A Company Info > Back up
B) Company Info > Alter
C) Company Info > Split Company Data
D) None of these
37. What is the utility of Tally Vault
Password?
A) It will lock the period of Company
B) It will lock all voucher entries for that Company
C) It will not show the Company Name in the
Company Select List
D) None of these
38. Trial balance is prepared on
___________ basis
A) Monthly
B) Annually
C) Half yearly
D) Any of the above
39. How can data be imported in tally?
A) One company to another company created within Tally
Package
B) Other programs - a spreadsheet or a database file
C) Depends on number of companies
D) Both A and B
40. ETCS means
A) Enable Tax Collected at Source
B) Electronic Tax Collected at Source
C) Electric Tax Collected at Source
D) None of these
41. Default ledger accounts in tally are ______
A) Balance sheet & profit & loss profit & loss
and trial balance
B) Profit & loss and trial balance
C) Cash and profit & loss
D) Cash and bank
42. A trial balance is a
___________________
A) Ledger
B) Journal
C) Account
D) List
43. To use Dr/Cr instead of To/By during
Voucher entry or vice versa, Press
A) F10
B) F12
C) F11
D) None of these
44.
Which shortcut key is used to export data of any company in Microsoft Excel
spreadsheet or in any other company?
A) Alt+P
B) Alt+E
C) Alt+O
D) Alt+S
45. E-mail can be used to
A) Send mail directly from tally screen
B) To send e-mail
C) Download information
D) Access help
46. Vouchers can be displayed in
A) Accounts info
B) Day book
C) Inventory info
D) Ledger
47. Salary comes under __________ Head
A) Direct expense
B) Current liability
C) Indirect expense
D) Current asset
48. We can show Bill wise details of
Debtors and Creditors by activating
A) Bill by bill
B) Maintain Bill wise Details
C) Maintain References
D) None of these
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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