Tally MCQ 1

TALLY MULTIPLE CHOICE QUESTIONS TALLY 9.0 1.

1.

2.

Tally package is developed by  a. Peutronics  b.  c. Coral Softwares  d.

We can change the Company Information from  a. Company Info > Back up  c. Company Info > Split Company Data Company Restore option is available in  a. Company Features  c. Configuration

Company Info > Alter None of these

Company Information None of these

In general the Financial year from shall be from  a. 1st April of any year  b. 31st March of any year  c. All of them are true  d. None of these

5.

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

6.

To change Current Date from Gateway of Tally press the key  a. F1  b. F5  c. F2

8.

10.

 b.  d.

4.

7.

 a.  c.

 b.  d.

Tally Solutions Vedika Softwares

Party account can be created through  a. Group creation window  c. Inventory creation window

 b.  d.

 b.  d.

 d.

Company Configuration None of these

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 11.  c.

F9

Ledger creation window Any one of them

A ledger may get declaration space for its Alias through  a. F12  b. F11  c. Alt + F1

9. F12 is known as Company Features Accounting Features

 d.

We can show Bill wise details of Debtors and Creditors by activating  a. Bill by bill  b. Maintain Bill wise Details Maintain References  d. None of these

Alt + F2

12.

15.

The shortcut key to quit from Tally is  a. Ctrl + L  b. Ctrl + P

 c.

Ctrl + M

13.

A Ledger can't be deleted if it is caring Opening Balance  a. True  b. False

14.

How many inbuilt Accounts group are in tally by default?  a. 29  b. 31  c. 25

The shortcut used to activate calculator is  a. Ctrl + N  b. Ctrl + M

16.

 c.

Suspense Account Group is defined under  a. Income  b. Expenditure  c.

 d.

Ctrl+Q

 d.

34

Ctrl + A

 d.

Ctrl + B

Liabilities

 d.

Assets

17.

To activate MRP feature from Gateway of Tally initially we need to press  a. F11  b. F12  c. F10  d. Alt + F1

18.

MRP formula for inclusive of vat is  a. {vat%*(MRP * QTY)}/100

 b.

(100*rate of vat)/(100+rate

 c.

 d.

None of these

of vat) Both a & b

19.

Manufacturing Journal creates based on  a. Journal  b. Receipt Note  c. Stock Journal  d. Purchase Quotation

20.

To create Manufacturing Journal which option must be activated  a. Use Common Narration  b. Narrations for each entry  c. Prefill with Zero  d. Use as manufacturing

21.

How many types of Measurement Units we can create in Tally?  a. 2  b. 3  c. 5  d.

Journal

22.

Unlimited

To activate Job Costing which options require to be activated?  a. Maintain Cost Centre  b. Use Cost Centre for Job Costing  c. Both a & b  d. None of these 23.

24.

25.

Multiple Godowns are activated from  a. F11  b. F11 > F1 There are _________ predefined ledgers  a. One  b. Three

 c.  c.

We can see list of Memorandum Vouchers from

F11 > F2

Two

 d.

F11 > F3

 d.

Four

 a.

Cash/Bank Books

 d.

Trail Balance

 b.

Exception Reports

 c.

Accounts

 d.

Ctrl + Alt + P

Books

26.

To print a voucher from Tally we need to press  a. Ctrl + P  b. Shift + P  c. Alt + P

27.

We can see Working Capital figure changing  a. Voucher configuration  b. Profit & Loss configuration  c. Balance Sheet configuration  d. Ledger configuration

28.

29.

30.

31.

Input Vat Ledger is created under which account?  a. Duties & Taxes  b. Sales  c. Sales Return  d. We can create multiple users in Tally activating  a. Tally Audit  b. Use Security Control  c. Both (a) and (b)  d. None of these

“Allow components list details (Bill of Materials)” option is activated for  a. Ledgers  b. Cost Category  c. Stock Items  d.

Retained Earnings is an alias of  a. Indirect Income  b.  c. Capital Account  d. 32.

33.

34.

None of these

Budgets

Reserve and Surplus Investments

We can repeat narration by pressing  a. Shift + R  b. Alt + R  c.

Ctrl +

 d.

What is MRP?  a. Market Price  b. Maximum Retail Price  d. Minimum Retail Price

Alt + Shift + R  c.

Marginal Price

We can use Stock Journal for  a. Production and Consumption

 b.

Inter Godown transfer for

 c.

 d.

None of these

stock

30.

Both (a) and (b)

Discount Column is available in  a. Sales Invoice  c. Both (a) and (b) 36.

 b. Purchase Invoice  d. None of these

We can get the report of Interest from  a. Account Books  b. Cash and Fund flow

 c.

Inventory

Books  d. 37.

38.

Statements of Accounts

We can cancel a voucher using  a. Alt + X  b. Ctrl + X  c. Shift + X To see reports of Job Work Analysis

 d.

Ctrl + Shift + X

 b.

39.

 a. Display-Statement of a/cs Display-Statement of a/cs-Job Work Analysis  c. Display-Statement of a/cs-Cost Center-Job work  d. None of these For reconciliation of Bank press  a. F12  b. F10

 c.

40.

We can't select cash in Journal Voucher  a. True  b. False

41.

To create Scenario which option require to be activated?  a. Use Rev Journal & Optional voucher in F12  b.Use Optional voucher in F11  c. Use Reversing voucher in F11  d. Use Rev journal & Optional voucher in F11

42.

Optional Voucher is one type of  a. Conventional Voucher  c. Both (a) & (b)

 b.  d.

 d.

F5

Unconventional Voucher None of these

43.

TDS deduction entry can be made through  a. Payment Voucher  b. Journal Voucher  c. Receipt Voucher  d. All of these

44.

To create Purchase Order press  a. Alt + F4  b. Ctrl + F4

45.

46.

47.

48.

49.

50.

 c.

List of Optional Voucher we can get from  a. Cash Bank Books  b.  c. Accounts Books  d.

F6

 d.

F4

None of these

Exceptional Reports Balance Sheet

Input Vat Credit on Capital goods should be defined under  a. Capital Account  b. Current Liabilities  c. Duties & Taxes  d. Misc. Expenses (Assets) Single Entry mode is applicable for  a. Receipt Voucher  c. Payment Voucher

 b. Contra Voucher  d. All of these

Online voucher creation from Day Book report by pressing  a. Ctrl + A  b. Shift + A  c. Alt + A  d. Reversing journal is a  a. Conventional Voucher  c. Both (a) and (b)

 b.  d.

None of these

Unconventional Voucher None of these

To hide the name of the Company you need to define  a. Security Control  b. Tally Audit

 c. 51.

52.

 d.

Create at least one User

To declare a voucher as Post Dated press  a. Ctrl + T  b. Alt + T  c.

Tally Vault Password  d.

Ctrl + P

Ctrl + D

We can switch from Accounting Voucher to Inventory Voucher pressing  a. F2  b. Alt +F1  c. Ctrl + F1  d.

F11

53.

Goods returning to a Creditor after challan but before bill we need to pass  a. Debit Note  b. Receipt Note  c. Rejection Out  D. Rejection In

54.

Branch / Division is a group defined under  a. Liabilities  b. Assets  c.

55.

Income

 d.

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

56. For Export of Data from Company to Company Tally uses  a. SDF Format  b. ASCII Format  c. XML Format

 d.

57.

Voucher class is a pre defined voucher type that helps to  a. Automatic Entry  b. Automatic Calculation  c. Minimize Errors  d. All of these

58.

To alter a master while making an entry or viewing a report  a. Alt + Enter  b. Shift + Enter  c. Ctrl + Enter  d.

59.

Expenditure

All of these

Tab + Enter

To view the TDS report go to  a. Display > Statements of Accounts > TDS Outstanding > TDS

Computation  b.  c.  d,.

Accounts Book > TDS Outstanding > TDS Computation Display > TDS Outstanding > TDS Computation None of these

60.

To show the cheque number while reconciling Bank Accounts press  a. F11  b. F 12  c. CTRL + F11  d. CTRL + F12

61.

Data Folder of a Company consists of  a. 3 digits  b. 4 digits

 c.

6 digits

 d.

5 digits

62.

Total number of Ledgers, Groups, Entries etc. can be shown from  a. Tally Audit  b. Statistics  c. Accounts Information  d. Company Information

63.

Voucher Class for Interest calculation created based on  a. Journal Voucher  b. Debit and Credit Note  c. Receipt and Payment Voucher  d. Both (a) and (b)

64.

ETCS means  a. Enable Tax Collected at Source  b.

Electronic Tax Collected at

 c.

None of these

Source

65.

66.

Electric Tax Collected at Source d.

What is TAN?  a. Tax Account Number  c. Tax Assignment Number

 b.  d.

Tax Assessment Number None of these

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

67. Payroll Auto fill is done through  a. Ctrl + A  b. Alt + A

 c.

Ctrl + B

 d.

Alt + B

68.

To see Gratuity Reports go to  a. Gateway of Tally > Display > Payroll Report > Gratuity  b. Gateway of Tally > Display > Gratuity Report  c. Gateway of Tally > Display > Statement of Accounts > Gratuity Reports  d. None of these

69.

At the time of Branch Transfer, Sales ledger is created under which Vat/Tax

Class?  a.

Export

 b.

Consignment/Branch Transfer

 c.

Sales with Vat rate

 d.

None of these

Outward

70.

Memorandum Voucher does not affect Books of Accounts.  a. True  b. False

71.

To remove a line at all reports screen, shortcut is  a. Alt + R  b. Alt + S  c.

Alt + 1

 d.

72.

There is no difference between Shut Company & Delete Company.  a. True  b. False

73.

How can we see Vat Reports?  a. Gateway of Tally > Display  b. Gateway of Tally > Vat Reports  c. Gateway of Tally > Display > Statutory Info  d. Gateway of Tally > Display> Statutory Reports

74.  c.

BOM represents  a. Billing of Machines Bill of Maintenance

75.

What is the full form of TCS?

 d.

 b. Bill of Materials None of these

Alt + T

 a.  c. 76.

The shortcut used for Sales Order is  a. Alt+F4  b. Alt+F5

79.

 b.  d.

Tax Consumption at Source Tax Collected from Sales

 c.

Alt+F7

Bank OCC a/c is a group defined under  a. Bank Account  b. Secured Loan  d. Loan & Liability

77.

78.

Tax Collected by Staff Tax Collected at Source

Sales Tax Ledger falls under which Group?  a. Indirect Expenses  b. Duties and Taxes "Alias" represents  a. Short name

 b.

Nick name

 c.

 d.

 c.

 c.Sales

Code name

Alt+F8

Unsecured Loan

 d.  d.

Purchases

All of

these 80.

81.

To change the date, shortcut used  a. Alt+F2  b. Alt+F3

F2

 d.

F1

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 82.  c. 83.

To save entry without any amount, we have to use  a. Cost Center  b. Maintain Multiple godown Allow O value entry  d. Use Rej. Notes

To see the report of Unconventional vouchers go to  a. Display-Day Book  b. Display-Account Books  c. Display-Exception Reports  d. Display-Trial Balance

84.

87.

 c.

The shortcut used for Optional vouchers is  a. Ctrl + N  b. Ctrl + M

 c. Ctrl + A

85.  a.  c.

Transfer of materials from one godown to another godown, use Manufacturing Journal  b. Stock Journal Purchase Journal  c. Both A & B

86.

BOM represents Bill of Materials.  a. True  d.

 d.

Ctrl + L

False

Recording of actual stock as physically verified or counted is done through  a. Journal  b. Stock Journal  c. Physical Stock  d. Sales 88.

Predefined Billing terms can be maintained through  a. Cost Center  b. Voucher Class  c. Maintan Multiple Godowns  d. Stock Categories

89.

How many formats are available while Exporting?

 a. 90.

5

 b.

93.

94.  c. 95.

96. voucher.

 c.

To see any report in detailed way, press  a. Alt+F2  b. F2

 d.

Assumption  c.

2

All of these

 d.

Alt + C

In Service tax Credit Adjustment (%) should be either  a. 20%  b. 100%  c. Both a & b

Alt+F1

 d.

30%

Service Tax Report can be seen from  a. Display > Day Book  b. Display > Account Books Display > Statutory Masters  d. Display > Statutory Reports Can we allow Expenses/Fixed Assets in Purchase vouchers?  a. Yes  b. No Transfer from Main Cash to Petty Cash you require to pass ………………  a.

97.

 d.

3

While exporting Ledgers from Tally to Web Page, we use  a. XML Format  b. ASCII Format  c. SDF Format  d. HTML Format

91. Budget represents ……………………  a. Estimation  b. Forecasting 92.

 c.

4

Payment

 b.

Contra

 c.

Receipt

 d. None of these

If the Financial Year from is 1st April 2005 and the Books Beginning from is 1st January 2006 then what will be the Closing Date?  a. 31st Dec 2006  b. 31st March 2006  c. 31st December 2005  d. None of these 98.

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

99.

Patent account falls under  a. Investments  c. Current Assets

100.

 b.  d.

Liabilities None of these

Find out which is not a Default Ledger in Tally.  a. Cash in Hand  b. Capital Account  c. Profit & Loss  d. None of these

ANSWERS

1.

b

2.

b

3.

b

4.

a

5.

6.

c

7.

b

8.

a

9.

b

10.

11.

b

12.

d

13.

b

14.

d

15.

16.

c

17.

b

18.

c

19.

c

20.

21.

a

22.

c

23.

c

24.

c

25.

26.

c

27.

c

28.

a

29.

b

30.

31.

b

32.

c

33.

b

34.

c

35.

36.

d

37.

a

38.

b

39.

c

40.

41.

d

42.

b

43.

b

44.

a

45.

46.

c

47.

d

48.

c

49.

b

50.

51.

a

52.

b

53.

c

54.

a

55.

56.

c

57.

d

58.

c

59.

a

60.

61.

d

62.

b

63.

b

64.

b

65.

66.

d

67.

b

68.

a

69.

b

70.

a c a

d b c c b b d b

b b a

71.

a

72.

b

73.

d

74.

b

75.

76.

b

77.

d

78.

b

79.

d

80.

81.

c

82.

c

83.

c

84.

d

85.

86.

a

87.

c

88.

b

89.

c

90.

91.

d

92.

d

93.

c

94.

d

95.

96.

b

97.

b

98.

d

99.

d

100

c c b d a . b