1.
Payroll Auto fill is done through
A) Ctrl + A
B) Alt + A
C) Ctrl + B
D) Alt + B
2.
In which voucher type credit purchase entry is posted in Tally
A) F5: Payment
B) F7: Journal
C) F9: Purchase
D) F6: Receipt
3.
Transfer from main cash to petty cash you require to pass__________
A) Voucher
B) Payment
C) Contra
D) Receipt
4.
_______ is the collection of all accounts
A) Journal
B) Voucher
C) Invoices
D) Ledger
5.
Which of the following file is usually used as a master file?
A) Inventory subsidiary
B) Cash disbursements
C) Cash receipts
D) Payroll transactions
6.
The rate of trade discount varies with the ____________ purchased
A) Total asset
B) Current asset
C) Quantity
D) None of these
7.
Which option is used to copy companies’ data into pen drive or CD.?
A) Backup
B) Restore
C) Split Company Data
D) Copy Data
8.
Salary Account comes under which head
A) Indirect Incomes
B) Indirect Expenses
C) Direct Incomes
D) Direct Expenses
9.
How many groups are pre-defined in Tally?
A) 28
B) 30
C) 15
D) 19
10.
Where do we record interest received, commission received or rent received in Tally?
A) Contra
B) Payment
C) Receipt
D) Journal
11.
Which option is true for viewing Profit & Loss A/C in Gateway of Tally?
A) Gateway of Tally >
Reports > Profit & Loss A/C
B) Gateway of Tally > Display >
Profit & Loss A/C
C) Gateway of Tally > Account
Books > Profit & Loss A/C
D) None of these
12.
We can modify an existing Company from
A) Company Info >
Alter
B) Company Info > Alter Company
C) Gateway of Tally > Modify
Company
D) None of these
13.
Manufacturing Journal creates based on
A) Journal
B) Receipt Note
C) Stock Journal
D) Purchase Quotation
14.
If we purchase any fixed asset in credit, we can pass it from
A) Payment mode
B) Receipt mode
C) Journal mode
D) Contra mode
15.
Which option lists inventory valuation method in tally?
A) Stock report
B) Stock journal
C) Stock analysis
D) Stock summary
16.
How many types of users are present in tally?
A) 1
B) 2
C) 3
D) 4
17.
______ is an example for long term liabilities
A) Creditors
B) Debentures
C) Overdraft
D) Bills payable
18.
Which account is the odd one?
A) Furniture
B) Land and buildings
C) Stock of raw
materials
D) Plant and machinery
19.
Which of the following is not a transaction?
A) Goods are purchased on cash basis
for RS 1000
B) Salaries paid for the month of may
2009
C) Land is purchased for RS 10 lakhs
D) An employee is
dismissed from the job
20.
A person who owes money to the business is a ____________
A) Debtor
B) Creditor
C) Investor
D) Supplier
21.
In tally screen right extreme displays______________
A) Selected companies
B) Current date
C) Gate way of tally
D) Button bar
22. Which shortcut key is used for Select Company in Tally?
A) F1
B) Alt+F1
C) F3
D) Alt+F3
23.
Which option is used to exit Tally?
A) Exit
B) Close
C) Quit
D) Shut Company
24.
Which shortcut key is pressed and then yes is given in Use Debit/Credit Noted
to post entry in Credit Note and Debit Note in Tally
A) Alt+F11
B) F11
C) F12
D) Alt+F12
25.
Which shortcut key is used in Company Features screen to use Inventory Features
in Tally?
A) F1
B) F2
C) F3
D) F4
26.
Accounting principles are divided into two types. These are
A) Accounting concepts
B) Accounting conventions
C) Accounting standard
D) 1 and 3 both
27.
Closing stock come under______________
A) Current asset
B) Fixed asset
C) Stock in hand
D) Direct income
28.
To activate cost center and cost category feature we have to select
A) Configuration
B) F11 Features
C) Group creation
D) Voucher creation
29.
____________ button helps to connect data from spread sheet or other
application
A) E-mail
B) Help
C) Export
D) Browser
30.
Loans from individual comes under ________ group
A) Fixed liabilities
B) Loans and advances
C) Current liabilities
D) Capital
31.
F12 is known as
A) Company Features
B) Company
Configuration
C) Accounting Features
D) None of these
32.
Multiple Godowns are activated from
A) F11
B) F11 < F1
C) F11 < F2
D) F11 < F3
33.
We can switch from Accounting Voucher to Inventory Voucher pressing
A) F2
B) Alt +F1
C) Ctrl + F1
D) F11
34.
To create a sales voucher in tally, you have to press _______
A) F5
B) F7
C) F8
D) F9
35.
Which shortcut key is used to shut opened company in Tally?
A) F1
B) Alt+F1
C) F3
D) Alt+F3
36.
Which key is pressed to post entries in double entry accounting system instead of
single entry system in Tally .ERP9
A) F11
B) F12
C) Alt+F11
D) Alt+F12
37.
Which shortcut key is used in Company Features Screen to use Statutory &
Taxation in Tally?
A) F3
B) F4
C) F2
D) F1
38.
Taxes paid come under which group
A) Capital
B) Loans and liabilities
C) Direct expenses
D) Duties and taxes
39.
The branch of accounting which analyses and interprets the overall data
is_______________
A) Financial accounting
B) Cost accounting
C) Management
accounting
D) None of these
40.
Where do we record cash sales in Tally?
A) Contra
B) Receipt
C) Payment
D) Journal
41.
By default, which mode is on in Purchase and Sales Voucher?
A) Norma Mode
B) Item Invoice Mode
C) Particulars Mode
D) None of these
42.
To create Manufacturing Journal which option must be activated?
A) Use Common Narration
B) Narrations for each entry
C) Prefilled with Zero
D) Use as manufacturing
Journal
43.
'Tally vault' is a _________________
A) Security mechanism
B) Ledger a/c
C) Cost category
D) None of the above
44.
Recording of actual stock as physically verified or counted is done through
A) Journal
B) Stock Journal
C) Physical Stock
D) Sales
45.
Budget represents ________________
A) Estimation
B) Forecasting
C) Assumption
D) All of these
46.
Budget represents ________________
A) Estimation
B) Forecasting
C) Assumption
D) All of these
47.
The home screen of tally is also known as
A) Menu bar
B) Gate way of tally
C) Accounts info
D) Button tool bar
48.
Which ledger is created by Tally automatically as soon as we create a new company?
A) Cash
B) Profit & Loss A/c
C) Capital A/c
D) A and B both
49.
Which submenu is used for voucher entry in Tally?
A) Vouchers
B) Account Vouchers
C) Accounts Info
D) None of these
50.
Changes in accounts are possible only in
A) Display mode
B) Alteration mode
C) Single mode
D) Multiple modes