Tally

Sn

Q U EST ION _ ST AT EM EN T

AN S_1

1

In T ally w e c an m ainta in

Inven tory on ly

A c c o u n t s o n ly

2

Net Debit / Credit Balances for Reporting option of a Group

does not allow any credit balance

does not allow any debit balance

3

Is it possible to pay differen t salary to an individual who fall under the same group where salary structure are same

a) Yes

b) No

4

T a ll y b y d e f a u l t p r o v i d e s

5 le d g e r s

4 le d g e r s

2 le d g e r s

n o le d g e r s

None of the above

c

5

T o pa ss revers in g j ourn al en try pr p res s

F10

C trl + F 10

A lt + F 1 0

F9

N o ne of th es e

a

6

Through which configuration we can activate activate Dr / Cr instead instead of To / B ?

F11

F12

A lt + F 3

N o ne

b

7

B an an k O C CC C A cc cc o ou u nt nt s i s th e a lili as as o f

Bank Accounts group

Ba nk Overd raft grou p

Bo th

N o n e o f th e s e

b

8

In Tally Simple and Compoun d Interest can be charged.

T ru e

F a ls e

9

F 1 2 - K e y is a ls o k n o w n a s

Configuration window

Company Features window

10

If a Company has splitted on 1-Sep2004 then what will will happen with the Company?

11

Ba d D e bts are rec ord ed thro ug h

12 13 14 15

Is it mendatory to select the type of organization at the time of service tax configuration Tally can warn on negative balance of Cash. To invoke Memorandum voucher press To switch from Profit & Loss a / c to Balance Sheet we will use

ONLINE_EXAMINATION_QUESTION AN S_2 A N S_3

Company data till Company data will be 31-Aug-2004 will be shifted to a new deleted Company

AN S_ 4

AN S_5

Ans

Inven tory w ith ac co un t

All of the ab ove

Both B & C

e

shows the accumulated balance


c

a

a Company Properties window

a

Actual Company will be divided into two parts.

Actual Company will remain unchanged and other two companies will be generated.

R ec eipt m ode

Pa ym e nt m ode

N o ne of th es e

N o ne of th es e

d

C on tra m ode

Jo urn al m od e

b

a) Yes

b) No

a

T ru e

F a ls e

a

F10

A lt + F 1 0

C trl + F1 0

N o ne of th es e

c

F10

a lt + 1 0

F11

C trl + F1 2

a

17 18 19 20 21 22 23

Is it mendatory to select the service tax ONLINE_EXAMINATION_QUESTION categories at the time of service tax a) Yes b) No ledger creation To link reciept note with suppliers D elivery N o te D eb it N o te C re dit N ote Invoice we use Can we Create two Company having yes no same name ? To use the expiry date for stock item Maintain batch wise Set expiry date for M a nufa ctu rin g d ate turn on the option details batches In purchase bill we can given Tracking TRUE FALSE Number Input tax credit will be available when R eg is ter D e ale r W h o le s e l le r R e taile r the oods are urchased from Started Business with cash Rs 100000. C on tra m ode Paym ent m od e R ec eipt m ode We will will ass this this entr entr usin usin

24

To show VAT classification report we use

F12 at VAT Computation report

F9 at VAT computation report

25 26

C a n we zoo m a ny re po rts in tally ? D e b i t N o te m e a n s S a l e s R e t u r n

yes Ye s

no No

27

Fo r Pa yroll Au to Fill You ca n Pre ss

a) C trl + F7

b ) A lt + F 7

28 29 30 31

T r a c k in g N o

None of the above

d a

B o th A & B

d b

Unregister dealer

a

N o ne of th es e

c

F7at VAT computation report

None of the above

a a b

c ) E i th e r ( a ) o r ( b )

d) none of These

a

Stock categories can be maintained in Tall Fu ll form of BO M is During Voucher Entry in the amount column ALT+C stands for

T ru e

FALSE

B i l l s o f M o n th Online creation of Ledgers

B i l l o f M a te r i a l

B atc h o f Ma terial

N o ne of th es e

b

O nline C alcu la tio n

O n li n e G r o u p C r e a t i o n

N o ne

b

Th e s ho rtcu t to D elete a Co m p any is

A lt + D e le te

Sh ift + D ele te

C trl + D e le te

A lt + D

A lt + X

d

A lt + F 3

F1

F3

F2

C trl + F3

c

true

FALSE

D o c u m e n t C la s s o rder

V o u c h e r C la s s uo tation

T ru e

F a ls e

b

yes

no

b

How to switch between opened Companies Cash ledger can be allowed in journal 33 mode 34 Ma nu fac turin g Jo urna l is a 35 C h a l l a n is r e a r e d b e f o r e We can not keep e-mail address in in 36 Company Creation Screen Is it possible to delete the main location 37 ? 32


a

Input Vat on trading Output Vat on trading

a

a M a nufa ctu rin g C las s i n v o ic e

CST at the time of sales

S a le s C l a s s r e tu r n

Input vat on

b c

39

To view current balance of ledger Show Ledger during voucher entry turn on the option Balances from F11

ONLINE_EXAMINATION_QUESTION Show Ledger Current Display Current Balance Balances from F12 from F11


b

The Option - Allow Component List Datails (BOM) - is used for Report of memorandum vouchers can be viewed through Is it possible to see the opening balance in trial balance

Purc has e

Sales

M a nufa ctu rin g

Vo uch er C las s

c

Exc ep tio n re po rts

Sta tuto ry m a ste r

S to c k s u m m a r y

n o n e o f th e s e

a

Ye s

No No

43

D ep reciation le dg er fa lls u nd er

In dir ect Inc om e s

Fixe d A sse ts

In d i r e c t E x p e n s e s

D ire ct Inc om e s

44

Income Tax number of the Com pany w ilill a e ar ar i n w hi hic h re o rt rt?

B a la n c e S h e e t

P r o f it a n d L o s s

Account Confirmation Statement

Reminder Letter

45

Sh ortc ut for T D S d ed uctio n in T a lly is

A lt+C

A lt + S

Alt+T

C trl+T

C trl+K

b

T a l ly V a u l t

T a l ly A u d i t

R e s to r e

Ba ck u p

All o f th e a bove

d

a) Yes

b) No

c) Yes depends on situation

d) All of the above

a n A dm in is tra tor

a U s er

N am e o f the Prop rie tor

All of the se

T ru e

F a ls e

a

T ru e

F a ls e

a

Alt+B

Alt+D

Ye s

No

a

T ru e

FALSE

a

R eje ction In

R eje ction O ut

C re dit N ote

D e bit N ote

a) Pa ym e nt

b ) jou rnal

c) re ceipts

d) None of the above

b

Net Debit / Credit Balances for Reporting

Group behaves like a Sub-Ledger

U s ed for C alcu la tio n

N o ne of th es e

a

40 41 42

46 47 48 49 50 51 52 53 54 55

56

Keeping a copy of data in other m edia is termed as "Is it required to create the ledger named "" VAT refundable""" Within Company alteration alteration window we can define Is it necessary to create at least one item for maintaining price List User can print Confirmation of Statement of any ledger from T ally 9.0 What is the shortcut k ey to delete a Budget ? Is it possible to assign Multiple Price levels for Invoicing ? Company features are applicable with the current company only To pass the Receipt Note return choose """Proprietor goods taken over for personal use "" It should be passed through " To display net balances of the account group / subgroup instead of debit and credit balances in separate columns

a

Alt+C

c c

c N o ne of th es e

N o ne

a

b


b

ONLINE_EXAMINATION_QUESTION Invoice for capital More than one cost Goods categories

58

To maintain stock categories one should mark

Activate interest calculation

59

w hic h bu tton is us ed for p ayro ll a uto fill

a) c trl + F 7

b ) A lt + F 4

c ) ctrl + v

d ) A lt + O

a

H ow ow to to d is is p pll ay ay th e p ay ays lilip re re po po rt rt

a) GOT > Display > Day Book

b) GOT > Display > Payslip

c) GOT > Display > Payroll Reports > Stement of payroll>Payslip

d) Either (a) or (b)

c

F4

C trl + U

C trl + A

C trl + V

c

A ll of th em are true

N o ne of th es e

a

To set the password for the company To lock the period of the but it will not Company view the name of the company in Select Company List

d

60

61 62

To save a Voucher from any position ress In general the Financial year year from is stareted from

1s t Ap ril of a ny yea r 31 st M a rc h of a ny year To set user name & To set user name & password for the password for the company but it will company but it will not show the name show the name of the of the company in company in Select Select Company Company List List

Maintain Stock All o f th th e ab above categories

63

T a ll y V a u l t p a s s w o r d is u s e d

64

To maintain Godown with Inventory turn on the option

Maintain Locations in F11

Use Godowns in F12

65

Is it possible to see the vouchers which have been already Reconciled ?

T ru e

F a ls e

66

The shortcut of changing period is invoked by pressing

F2

ALT + F2

CTRL + F2

F1

67

Bill refe ren ce ca n b e o f

4 type s

5 type s

9type s

7types

Maintain Multiple Godowns in F11

Ye s

No

69

C tlr + N

Alt + 2

A lt + V

70

inp ut ut c r on c ca a pi pital go go od od s fa lllls u un nd er er

a ) C ur urre nt nt lia bi bilitie s

b ) D ut uties a an n d taxe s

c ) Lo an an liliabilitie s

TRUE

FALSE

L edg er C re ation

G ro up C rea tio n

71 72

date field in voucher creation mode can be skipped We can give opening balances to the

c

a

Split Company and Group Company are not the same Sh ortc ut for Bu d et Va ria nc e

68

Use Multiple Locations in F12

d

b A l l o f th e a b o v e

a a

C trl + S d) All of the above

A lt + B

e b a

Vo uc he r Entry


a

74

To enter voucher number manually in tall tall we should should modif

configuration window

75

Ad vanc e s alary fa f a ll s u n d e r

a) C u rre nt Ass ets

b ) D uties an d taxe s

T ru e

F a ls e

1st September 2002

1st Oc to ber 200 2

76 77

78

79 80

Formal name of any unit should be different from Symbol name If a company is actually established on 1st September 2002 the Financial Year from will be D e f a u l t l e d g e r s i n t a ll y a r e In Journal voucher Cash / Bank entry is ossible. Reorder Level is a ___________ for stock item.

CASH A / C CAPITAL A / C & CLOSING STOCK A/C

ONLINE_EXAMINATION_QUESTION fe atu re wind ow vo uc he r type c) Loans & advances( assets)

vouc he r clas s

c

d) a an d c

d a

1s t Ap ril 20 02

CASH A / C & CASH A / C & PROFIT & CLOSING STOCK A / LOSS A / C C

1s t April 200 3


NO DEFAULT LEDGERS ARE THERE.

T ru e

F a ls e

Qu ality

C o st

Q ua ntity


c

c

a c

81

A n a s s e s s a b l e v a l u e is

on which Vat is to be calculated

On which TDS is charged

On which Sales tax is calculated

None of the above

All o f th th e ab above

a

82

Ta lly h as ex ten sive in tern et c ap ab ilities

TRUE

FALSE

-

-

-

a

A lt + 1

A lt + F 1

Alt + 2

A lt + F 2

b

83

T o e t d e ta i l r e o r t f o r m a t

re res s

84

"""Cash withdrawal for personal use"" the entry should be passed through "

a ) R e c e ip t

b) P aym e nt

c ) C on tra

D ) J ou rna l

b

85

B O M S ta n d s f o r

Ba se of m a te rials

Bill o f m ate ria ls

B i l l o f m a tt e r

Bill of management

b

F8

F6

F2

A lt + w

b

Accounting vouchers without any value

Inventory vouchers without any value

Fre e g oo ds

b o th a & b

d

We can see the daily break-up report in cash book by press Allow 0 valued entries in voucher 87 option is set to Yes when we need to pass 86

88

To activate Price List how many options from F11 should be turned on?

4

3

1

2

c

89

To work with Track Additional Cost of Purchase you need

V ouc he r m od e

In v o i c e m o d e

Bo th

N o ne of th es e

a

90

W o rk in g C a pital m e an s

Fixed Assets Current Liabilities

Current Assets Current Liabilities

Current Liabilitites Current Assets


b

a ) T rue

b ) False

91

Document re-numbering is possible in

b

93

To delete the Master which key you you will use ?

S h if t + d

94

To give notes for a particular ledger account one should mark

Allow Advance entries in master in F12

Allow Contact Details for ledger account in F12

Allow Notes for Ledger Account in F12

Add Notes for Ledger Account in F12

a) F orm 1 6

b) F orm 1 6A

c ) Form 14

d ) Fo rm 60

c c

9 5 " W h a t i s th e N o . o f " " V A T r e t u r n f o r m " " "

ONLINE_EXAMINATION_QUESTION Alt+D Es c

A lt + c

b None of the above

d

To switch from on e inventory report to another inventory report we use At the time of company creation if Accounts Only option has been selected then The account subgroup Deposits is under

F1

F10

F9


we cannot pass purchase / sales transaction

we cannot maintain inventory

we c an no t m a in tain p arty

A and B

C u rren t Liab ility

C urren t As se ts

Fixe d As se ts

Reserve and Surplus

99

V A T is C h a r g e d o n

C o s t p r ic e

S a l e p r ic e

A s s e s s a b l e V a lu e

All of the ab ove

None of the above

c

100

To convert any voucher to Post Dated press

A lt + P

C trl + P

A lt + T

C trl + T


d

101

A Vo uc he r T ype s c an be cre ate d

fro m sc sc ratc h

based on existing voucher type

E ith er A or B

N o ne of th es e

b

F11

C o m pa ny Alte ration

C om p an y In fo

b

T a l ly A u d i t f e a t u r e

A u d i t T r a il

Any one of them

N o ne of th es e

b

In direc t Ex pen se s

D irec t Ex pen se s

Miscellaneous Expenses

N o ne of th es e

d

96 97 98

Budget activation option is available F12 under Modifications / alterations if any done by the user in the entries of a 103 T a l ly V a u l t Company to trace out them you have to use Deferred Revenue Expenditure group 104 B r a n c h / D iv is i o n s falls under Can we mention narration against each 105 ledger while passing the voucher entry yes ? 102

106 107 108 109

Un co co nv nven titio na na l vou ch ch er er m ea ean s The Option - Use Tracking Numbers is used for. Which is not a Final Report of a Company? The option - Track Additional cost of Purchase - is used in

A a nd C

b b

no

a

Acc ou ou nt nting vouc he he r

Inve nt nto ry ry vouc he he r

N on on ac co cou nt nting vou ch che rs rs

Banking voucher

C ontra vou ch er

c

S a l e s C h a ll a n

P u r c h a s e C h a l la n

Pu rch ase O rde r

S a le s O r d e r

B oth A & B

e



D a y Bo ok

N o n e o f th e m

c

Sales

Purc ha se

Party R ec eip t

Pa rty Pa ym en t

b

b) Payment after

d) Received

111 112 113

To switch between Accounts Voucher to Invent Inventor or Voucher Voucher ress The ledger salary payable falls under the rou Bud ge ts c an be of

F11

ONLINE_EXAMINATION_QUESTION F12 F1 fo r Ac cou nts

a) C Cu u r r e n t l i a b i li t i e s

b) D Du u ty a nd ta tax es

c) L Lo o an liliabilitie s

2 type s

5 type s

7 type s

Alt+F1 for Inventor d) All of the above 3 type s Separate Discount column on Invoices

Both C a nd D

e a

4 type s

a

N o ne of th es e

b

114

To feed Free quantities of goods during Sales / Purchase turn on the option

Allow Invoicing

Use different Actual & Billed Qty

Allow 0 (zero) valued entries in Vouchers

1 15 15

To se ee e th e T ri ria l B al al an an c ce e ch ho o os os e

Gateway of Tally > Display > Trial Balance

Gateway of Tally >Trial Balance

Company Info > Trial Balance

116

"The shortcut key ""to remove a line in a report"" is"

a ) C trl + R

b) Alt + L

c) Alt + R

117

C r e d i t N o t e i s a s s o c i a t e d w i th


Sales R etu rn

P u r c h a s e C h a ll a n

118

To see the Balance Sheet in a detailed manner What is the Shortcut Key ?

A lt + F 2

F2

A lt + F 1

F12 (Configuration)

c

b) VAT payable A C Dr to Bank

c) Bank A C Dr to VAT payable

d) VAT payable A C Dr to Input VAT to Output VAT

a

a) Output VAT A/C Which one is the right VAT adjustment 119 Dr to Input VAT A/C entry to Vat payable 120

F 1 1 r e f e r s to s a l e s o r d e r What is the difference between Indirect 121 Expenses and Expenses (Indirect) groups? 122

In a C o m pa ny we m ay m ain tain

123 124

P r ic e L is t i s a p p li c a b l e i n c a s e o f In pric e lis t we sh ow For Calculation purpose which key we 125 will use ? 126

Stoc k jo jo urna l can be be us used as as

toggle button button between optional & regular voucher Expenses or Fixed Asset are allowed in 128 Purchase Vouchers ? 127

TRUE They are two separate primary groups A c c o u n t s o n ly D elivery N o te T r a d e D is c o i u n t

N o n e o f th e s e d) Either (a) or (b) Purchase Return

FALSE Indirect Expenses is Expenses (Indirect) is an an alias of Expenses alias of Indirect Expenses A and B (Indirect) group group Accounts with Bo th o f the se E ith er o f the se Inventory R e c e i p t N o te Pu rch ase O rde r Purc ha ses C ash disc ou nt b o th a & b n on e o f the se

a c N o ne of th es e

b

b B a nd C

c


c a a

A lt+C

Alt+N

A lt+M

A ll o f t h e s e

a

manufacturing voucher

tra nsfe r of m ate ria ls

bo th a & b

n on e o f the se

c

a ) alt + L

b ) ctrl + L

c ) ctrl + v

d ) A lt + O

b

T ru e

F a ls e

a

130 131 132 133 134 135

Directory where TallyProgram Files will be Loaded is Is it necessary to give Chalan No in Reference You can press ______on payslip screen to change configuration To Select an existing company the way you should follow Cost Category is essential to prepare Cost Centre. The shortcut key used for Memorandum Voucher

T a l l y D i r e c to r y

ONLINE_EXAMINATION_QUESTION A p p l i c a t i o n D ir e c t o r y D ata D ire cto ry

All of the se

T ru e

F a ls e

a) F 12

b) F 11

c ) A lt + F 1 2

d ) C trl + F11

Gateway of Tally >Company

Company Info >Select Company

Company Info > Company

Any one of them

T ru e

F a ls e

C trl+F 10

F10

N o ne of T he se

b b a

N o ne of th es e

b b

C trl+F 8

C trl+F9

a

136

Opening Stock and Closing Stock both can be viewed through stock summary

T ru e

F a ls e

137

Special journal that automatically reversed after date of journal

Scenario management

Bud get

R evers ed Jo urn al

Reversing journ al

In v e n t o r y I n f o

Bo th A & B

N o t A v a il a b l e

a

Company configuration

g ate wa y of tally

c o m p a n y in f o

b

1 38

Bud ge t op tio n is availa ble in Acc ou nts In fo If you want to change the view of 139 voucher entry screen from Dr Cr mode company features to To B mode mode use Is there any difference between 140 Reversing Journal and Memorandam Ye s Voucher ? Is it possible to pass a payment entry in 141 yes single entry mode ? 142 How to creat create e Employee Employee Group Group in Tally Tally 143 144 145 146 147

Shortcut key used to see the report in Detailed Format Depositing cash to SBI should be passed through Which k ey we will use to activate Company features ? Reciept PaymentVouchers can be passed in Is it possible to record Post-Dated Cash or Bank Transaction?

a VAT adjustment journ al

d

No

a

no

a

a) GOT> Payroll b) GOT> Payroll info> voucher> Employee Employees

c) GOT> Payroll info> Employee

d) None of these

b d

A lt + F 4

Alt+F2

A lt + F 5

Alt+F 1

Paym ent m od e

R e c ie p t m o d e

C on tra m ode

P urch as e

F11

F4

F6

F12

Sing le Entry m od e

C on tra m od e

D o uble Entry m od e

Pa ym e nt m ode

Ye s

No

Sales

c a

Both A & C

e a

1 49 W ha t is th e fu nc tio n o f alia s in M a ste r ? 150 151

There are ________ types of Unit of measurements The shortcut key used for Online Creation

Sho rtna m e

ONLINE_EXAMINATION_QUESTION Full n am e Ad dres s

N o ne

a

1

2

3

4

b

A lt + A

Alt + C

A lt + D

Alt + B

b

1 52

W e c a n S p li t C o m p a n y D a t a f o r

3 M o n th s

4 M on ths

6 M on ths

all o f the ab ove

d

153

Loss of stock the entry should be passed through

a) J ou rna l

b ) S to c k J o u r n a l

c) a a nd b

d) Physical stock ad ustment ustment

c

a ) A lt + s

b ) A lt + D

c ) C t r l+ D

d ) C trl+ S

a

R s 5 000 Configuration window

R s 10 00 0

R s 5 0 000

N o lim itation

d

Fea ture win d ow

N o ne of thes e

154 1 55 156

toggle button between tds ledger And standard ournal T he lim ita tio n for Bu dg et a m ou nt is To create Cost Category the option is set to be - Yes - in

b

157

There is no difference between allocate revenue & non-revenue items

T ru e

F a ls e

158

To switch from Invoice mode to Voucher mode we will use which short shortcut cut ke ?

F2

F1

CTRL + V

ALT +F1

1 59

A T ax in vo ic e is a

T D S in vo ic e

Invoice for capital Goods

A V AT AT c o om m pl pl ai ai nt nt in v vo o ic ic e

Ta ax x p oi oin t

1 60

Pa ym en t is a n _ __ __ __ ___ __ _.

Acc ou nting vouc he r

Inve nto ry vouc he r

O ption al vo uc he r

Unconventional voucher

a

G a te w a y o f T a l l y

C o m p a n y in f o

Ac co un ts Bo ok

D a ybo ok

b

A lt + F 1

A lt + F 3

B o th A & B

A lt + F 2

c

Group Company option comes in which window ? The shortcut key used to create a New 162 Company 161

b

c None of the above

c

163

Can we view both Opening Balance and Closing Balance in Trial Balance ?

yes

no

a

164

Is it Compulsory to activate Maintain Balances Bill by Bill for S.Debtors & S.Creditors for maintaining billwise breakup ?

Ye s

No

a

165

Drawings account will be assigned with Profit and Loss with

Capital Account with

Capital Account with

Profit and Loss with Credit

N o ne of th es e

b

167 168 169 170 171

Maintenance of batchwise inventory is not ossible in tall User can print Reminder Letter for the Part Part from from Tall Tall 9.0 9.0 Buy 2 get 1 free - Wh ich option we should use ? To pass the Delivery Note return you need

Maintain cost centres

Zero Zero Valued Valued entr entry y

Maint Maintai ain n Bil Billw lwis ise e Detai Details ls

Actual and Billed Qty

R eje ction In

R eje ction O ut

C re dit N ote

D e bit N ote

4

3

2

1

a ) C trl + N

b ) C trl + C

c) Alt + C

d) a an d c

a) 1

b) 3

c) 2

d) 4

Allo Allow w multi multicr crre rency ncy

Invo Invoic ice e for for capi capita tall Goods Goods

S a le s a c c o u n t

D uties & ta xe s

to cancel any Sale

to cancel any Purchase

to Reject any Sold good

T ru e

F a ls e

a

yes

no

b

Sales R etu rn

Sales

Purc ha se

Purchase Return

All o f th ese

e

C alcu la tor in tally is invo k ed by

A lt + P

C trl+P

C trl+N

C trl+S hift+N

All o f th e a bove

c

Incase of loan taken from party the re uire uired d led led er will will be Ctrl+F10 is the shortcut for Memo Voucher W e c a n m a i n ta i n a n a l i a s

a) Loan from party Part Part Cash Cash

b) Loan from party Part

c) Loan from party cash


TRUE

FALSE

a) Sh ort n am e

b ) C ode nu m b er

c) E xtra in form a tio n

d ) a a nd b

Sto ck tra nfe r

M an ufa ctu rin g e ntry

Go od s p urc has ed

Bo th A & B

C trl + En ter

Alt + E nte r

E n te r

N o t p o s s ib le

How many types of Interest Styles are available during Interest calculation

How m any pa rts in Em ploye e m as ters Ho

174

To get cash ledger in Journal mode one should mark

175

In p u t v a t l e d g e r s h o u l d b e u n d e r

176

Use Rejection Notes option can be used

We can Modify Delete and Alter Alter a Voucher Entry from Display Daybooks option The function of an alternate unit is 178 same as main unit Inventory values are affected option will 179 be set Yes for which ledgers ? 177

182 183

184 Stoc k Jo urn al vo uc he r ca n b e u se d fo r 185

b

F a ls e

173

181

ONLINE_EXAMINATION_QUESTION F a ls e

T ru e

172 T he op tio n calcu la tor w ill c om e thro ug h

180

T ru e

During the declaration of a group parent group can be changed using

Allow cash accounts in journal in F12 Purc ha se ac co unt

a

Alllow cash accounts in Journal C u rre nt Ass ets to Scrap any good from odown

d N o n e o f th e s e

a a

e ) N on e o f this

d b

None of the above

d c c

c a d Both A & C

d a

What type of voucher Memorandum voucher is ? Can a user pass a voucher entry 188 whose monetary transaction value is 0 ? 187

Optional

ONLINE_EXAMINATION_QUESTION Non Conventional R eg ular Voucher

Ye s

No

N o ne Of T h es e

b a

189

Sh ortc ut fo r cre dit no te in T ally is

C trl+C

Alt+C

C trl+F 8

A l t +O

190

R e ve nu e item is rela te d with

a) P urch as e

b ) S a le

c ) P u r c h a s e & S a le


191

Shut down a company means to delete a c om an

T ru e

F a ls e

192

To vie w a hid de n vo uch er we will u se

alt + r

alt + s

ctrl + r

n on e o f the se

b

193

Outstanding bill report can be seen from

Display - Accounts Books - Outstanding

Display - Statement Of Accounts - Outstanding


c

3 w ays Allow sales order processing

6 wa ys

194 195 196

M a r k e t v a lu a t io n c a n b e in To pass Sales order entry turn on the option from F11 The option - Separate Discount Column on Invoices - is available in

Display - Inventory Books Outstanding 2 W a ys Allow 0 valued entries in voucher

All o f th e a bove

c c b

Both A & B

4 wa ys Tracking Number

N o ne of th es e

d c

S a le s V o u c h e r

Pu rch as e Vo uc he r

Pa ym en t Vo uc her

B oth A a nd B

d

197

To see existing ledgers of a Company choose

Gateway of Tally > Accounts Info > Led ers ers > Creat Create e

Gateway of Tally > Accounts Info > Led e rs rs > D is is la

Gateway of Tally > Accounts Info > Ledgers > Alter


b

198

Actual & Billed Quantity column may be used in case of

free go od s

tra de dis co un t

c a s h d is c o u n t

n on e o f the se

a

199

C trl + N is is th e k ey to a ctiva te

Vo uc her Entry

Sto ck En try

C a lc ulato r

Current Voucher No.

c

200

Splitting of a company is not possible in Tally

TRUE

FALSE

2 0 1 A ll o w a li a s e s o op ptio n is as so cia ted with

s toc k item s

sto ck grou p

led ge r na m e

le d g e r g r o u p

202

Part n um b er o ption is a sso ciate d w ith

s toc k item s

sto ck grou p

led ge r na m e

unit of measurement

203

Does Purchase and Sales order affect stock position ?

Ye s

No

Maintain Billwise Breakups

Ma in tain Bill D e tails

M a i n t a i n B i l l w i s e D e ta i l s

N o ne of th es e

c

A lt + 2

A lt + X

C trl + 2


b

204 To keep keep b bill ill detail details s for for a part party y choose choose 205

Shortcut key for Cancellation of Voucher

b all o f th ese

e a b

208

Is it possible to see profit or loss both as liabilit

a ) T rue

209

To sh ut a C o m pa ny

C lick on tas k ba r

Click On gateway of Tall

yes

no

Sto ck J ou rna l

Sales

Purc ha se

Any one of them

N o ne of th es e

a

A c tu a l L e v e l

Sto ck Verif ic atio n

R e o rd e r L e v e l

Vo uch er C las s

Ph ysica l S toc k

e

Pres s - V

Pres s - A

Pre ss - D

N o ne

a

As se ts a) F11 > allow 0 valued entries in vouchers

L i a b il i t i e s

In co m es

Ex en ens es

b

210 211 212 213 214

Can we define Credit limit for deb tors & creditors ? To prepare Manufacturing Voucher you have to depend on Discrepancy between Actual stock and Computer stock is termed as What is the hot key to open an Accounting Voucher ? Su s en ens e A / c in T all fa lls u nd er

ONLINE_EXAMINATION_QUESTION b ) False Click on Shift +N Button

a Click On Alt+f1 button

None of the above

d a

215

How we can pass entry without any value

216

Invoice format for Sales / Purchases can be turned ON from

Company Configuration

Company Info menu


Company Alteration window

217

The shortcut key used for Optional Vouchers

C trl + T

C trl + A

C trl + O

C trl + L

218

Bu dg dg et et re re po po rt rt ca ca n b e see n fro m

Display -Trial Balance

Display - Accounts Book - Cash Bank Book(s)

Display - Statement Of Accounts

Bo th A & B

N o ne of th es e

d

219

To convert a Sales entry from Voucher mode to Invoice mode use

F9

F8

A lt + V

C trl + V

N o ne of th es e

d

220

Invoice s a re c la ssifie d in

2 ca teg ories

5 c a te g o r i e s


6 c a t e g o r ie s

None of the above

a

We can m aintain aintain more than one user & T ru e passward in tally No entries in voucher this message no debit side in the 222 comes when there is entry 221

c ) I s n o t p o s s ib le

a

N o ne of th es e

d

F a ls e

223

F11 in T ally re fers to

C om p an y d eta ils

224

Purch as e o rde r in tall C om e s b

A lt + P

no credit side in the entry Company configuration C trl+P

225

In case of Date Setting is there any difference between F2 & Alt + F2 k ey ?

Ye s

No

226

Sale Bill and Purchase Bill can be entered only in

V ouc he r m od e


c

a no amount in the entry Company features Alt+R

no date in the entry Company ACCOUNTS A l t +O

c All o f th e a bove

c

N o ne of th es e

e a

Bo th A & B

N o ne of th es e

c

228 2 29 2 30 231 232 233 234

Is it possible to define item wise price list ? B ill o f m ateria ls op tio n is rela te d with T o cre ate D u licate vou ch er r es s By default Profit & Loss A / c is created under which Group ? Is it possible to see vertical balance sheet Display of Sundry debtors without ledger breakup cannot be possible in Tall Single mode of Voucher entry is ossible in Tall

yes

ONLINE_EXAMINATION_QUESTION no

a

s cen ario A lt + F 2

m a n u f a c tu r i n g C trl + F2

re ve rsing jou rna l Alt + 2

b ud ge t C trl + 2

b c

C a p i ta l

R e se rve & Su rplu s

P r im a r y

P r o f it & L o s s .

c

a ) T rue

b ) False

a

T ru e

FALSE

b

T ru e

F a ls e

a

Gateway of Tally > Gateway of Tally > Gateway of Tally > Display > Statements Display > Statements of Display > Exception of Accounts > N o n e o f th e s e Accounts > Outstanding > Reports > Debtors Outstanding > Debtors Receivables

235

To display Outstanding report for Debtors select

236

Goods received on account of purchase is related with

D elivery N o te

R e c e i p t N o te

237

There is no difference between Cancellation and Deletion of Voucher ?

T ru e

F a ls e

P re s s F 5

Pres s F6

P ress F8

Pre ss F9

2 W a ys

9 w ays

4 wa ys

8 wa ys

c) Allow ADVANCED entries in master from Accounts Master

d) None of these

c

The shortcut to open Payment Voucher Mode . Costing method of an item in Tally can 239 be maintained in 238

"To display the ""inventory values are b) Allow ADVANCED a) Use ADDRESS 240 affected"" at the time of ledger creation entries in master from for ledger accounts "" press F12"" to active " Inventory master The option - Rejection ou t - is used during To transfer the amount from Main Cash 242 to Petty Cash you have to to use If we select - Accounts Only - feature 243 can we maintain stock item ? Is it possible to maintain Income and 244 Expenditure Stmt instead of P / L A / c 241

P urch as e N o te

S a l e s N o te

b

N o ne of th es e

b b a

Costing cannot be done

b

Paym ent

Sales

Purc ha se

R e c e ip t

c

Paym ent m od e

R ec eipt m od e

C on tra m ode

N o ne of th es e

c

Ye s

No

b

T ru e

F a ls e

a

2 46

C S T in pu rcha se is d edu cte d fro m

Simple & Compound Interest are same in Tall To Shut an opened Company the 248 shortcut is Discount Allowed ledger is created 249 under _________ group 247

S a le a m o u n t

ONLINE_EXAMINATION_QUESTION P urch as e a m ou nt N o ne of th e abo ve

All of the above

c

T ru e

F a ls e

b

A lt + F 1

S h if t + F 1

C trl + F 1


a

D i r e c t In c o m e

In dir ect Inc om e

In direc t Exp en se s

Direct Expenses

c Indirect Incomes

2 50

In p u t V a t l e d g e r f a l l s u n d e r

Indirec t Ex pe nse s

D uties an d T a xe s

Sales

Purc ha ses

251

To transfer the amount from one Bank to another mode of voucher will be

C on tra m ode

Paym ent m od e

R ec eipt m ode

N o ne of th es e

252

Audit features are available without enable the Securit Securit Control

T ru e

F a ls e

2 53

A VAT T IN nu m be r ha s

1 1 d i g i t n u m e r a ls

1 2 d i g i t n u m e ra l s


F12

F11

F10

F3

a

a) C trl + En ter

b) Alt + En ter

c) Alt + D

d ) N o t p o s s ib le

a

2 W a ys

3 w ays

5 wa ys

4 wa ys

2

1

3

4

s ta t e

C om pan y

c ou ntry

254 255 2 56 257 2 58 259

260 261 262 2 63

Use defaults for bill allocation this option is available by pressing which key ? For on line modification we have to ress C alc u latio n o f Inp ut V at Is o f How many types of Voucher Numbering are available in Voucher Types ? In va t tin n o 1 st 2 digits re pre se nt To skip the date field in accounting voucher create mode one should mark During Debit Note entry Purchase Account is to be "The shortcut key ""to Duplicate a voucher"" is" We can take Backup of a Company through M R P s ta n d s f o r


b a b

Allow Advance entries Click On gateway of Tally in master in F12

9 d i g i t n u m e r a l s 6 d i g i t n u m e r a ls

Cannot be calculated

a

d c a

F11-Skip date field in create mode(faster entry)

F12-Skip date field in create mode(faster entry)

e

D e b i te d

C red ite d

W ill n ot co m e into effe ct

N o ne

b

a ) A lt + 2

b) Alt + 3

c ) A lt + V

d ) A lt + D

a

Company Info > Backup

Display > Backup

Gateway of Tally > Backup


a

M axim u m R eta il Pric e

N o ne

c

M ateria l R eta il Pric e M in im u m R etail Price

ONLINE_EXAMINATION_QUESTION c trl + q a lt + e

265 To T o ex it fro m a ny w ind ow the sh ortc ut is

a lt + x

266

Journal Voucher is used for Adjustment and Rectification

T ru e

F a ls e

a

267

Can we create Online Ledgers during Voucher Entry in every mode ?

Ye s

No

a

Ye s Acc ou nts In fo maintain Billwise Details Display-Trial Balance a) Cash bank re orts orts > F5 F5

No In v e n t o r y I n f o

Dispalay - Accounts Book b) Display > MIS r e o rt rt > B RS RS r e o rt rt

268 269 270

C r e d i t N o t e m e a n s S a l e s R e tu r n Pric e L is t op tio n is availab le in For interest calculation which of the o tion tion in F11sho F11should uld be be marked marked

Allow multicrrency

alt + y

Acc ou nting Vou ch ers Bo th A & B Activate interest Maintain stock calculation ca atte o ri rie s Display - Statements Of B o th A & B Accounts c) Display > Bank report > d) Cash report F5 > BR BR S r e o rt rt

b

a b E n a b le T D S

c

271 271

Cost Cost Cent Centre re rep report ort can be be seen seen from from

272

BR S re po port we we c ca an s se e e throu gh gh

273

Is there any effect in accounts if goods are destroyed by fire ?

yes

no

274

Deferred Revenue Expenditures is related with

In di dir ec ect Exp . G ro rou p

D irirec t Ex p. p.G ro rou p

C ur uren t As se se ts ts G ro ro up up

Miscellaneous Expenses group

d

C rea te

D is p l a y

A lt e r

N on e o f T hes e

c

C trl + Q

C trl + A

C trl + En ter

C trl + N

a

statements of accounts

statements of inventory

inven tory boo k s

in ve nto ry in fo

b

A lt + F 8

A lt + F 9

A lt + F 4

d

sa le s ra te

c lo s in g r a t e

bo th a & b

d

Inven tory Acc ts

Bo th A & B

N o ne of th es e

c

275 276

To modify any ledger balance go to Account Account info info -> -> Led er -> -> The shortcut key used to quit from the screen without uestionin

277 To view view Reorder Reorder Status Status report report we use use 278 279 280 281 282 283 284

The shortcut key to activate Purchase A lt + F 5 Order Allow standard rate for stock items this p urc ha se ra te option is used to give The Option Accounts-with-Inventory is Fin an cia l Acc ts used to maintain In tally We can create a new Company on any other Directory rather than data YES Director Post Dated entries can be viewed S c e n a r io s through To convert a Purchase entry from C trl + V Invoice mode to Voucher mode use The way to Shut any opened Company Gateway of Tally >

c a a

NO NO

a

L is t of Acc oun ts

E xce ption R ep orts

N o ne of th es e

c

F8

A lt + V

F9

N o ne of th es e

a

Company Info > Shut

Company Info > Close

A and B

B a nd C

b

286

T a lly by de fault c rea te s

287

C o ntra m od e is use d fo r

To suppress ledger break-ups for a group within report the option should be activated in group is 289 W h i c h F o r m is u s e f o r T D S C h a l l a n Is it possible to perform manufacturing 290 without formula ? 288

291 292 293 294 295 296

To see profit or loss both as liabilities we have to select How to edit a Ledger during a Voucher Entr ? To get the option Enter address for godowns press Memo voucher can be viewed by Display -> Exception Report -> Vou ch er n um b er in ta lly c an be in Which option is mandatory to make a Manufact Manufacturi urin n Journal Journal? ?

297

To display Outstanding report for Creditors select

298

W e c an m ainta in ou r bo ok s as

299 300

Ctrl + F8 is the shortcut key for Debit Note Income (Indirect) is the alias of which account group ?

301

"Why The option "" Behave like groups"" Ask at the time of employee creation"

302

Bo ok s be be gin n ing fr from me m ea ns

2 l e v e ls o f s e c u r i t y Cash-Bank Transaction Net Debit / Credit Balances for reporting. a) F orm 1 6

ONLINE_EXAMINATION_QUESTION 3 levels of s ecu rity 4 levels o f se cu rity

7 levels of securit

6 levels of securit

a

Pa rty P aym e nt

Party R ec eip t

Adju stm en t

a

Group behaves like subledger.

U se d for calcu la tio n.


b

b) F orm 1 6A

c ) Form 14

d ) Fo rm 60

b

yes

no

a) F11 > Profit or loss both as liabilities

b) F12 > Profit or loss both as liabilities

c ) N ot po ssible

Alt+Spa ce Ba r

A lt + T a b

C trl+En ter

N o ne

c

F1 2 Ke y

F1 1 Ke y

F1 0 Ke y

n on e o f the se

a

Me m o E ntry

M em o R e gis te r

M em o rand um Vou ch ers

M em o Acc ou nt

c

nu m eric Make Optional as default

a l p h a n u m e r ic

text Use as a Manufacturing Journal

All of the se

d


c

Gateway of Tally > Gateway of Tally > Gateway of Tally > Display > Statements Display > Statements of Display > Exception of Accounts > N o n e o f th e s e Accounts > Outstanding > Reports > Creditors Outstanding > Creditors Payables

b

Prefill with Zero


Accounts with Inventory

TRUE

FALSE

In co m e


a) Only 5 b) Minimun 2 and Max Employees can 10 employee can come under the come under the group group the date from which the date from which Financial Year Company starts to

a

Acc rua l Ba sis

b

Bo th A & B

N one

d b

In dire ct Inc om e

N o ne of th es e

c

c) Many employees can come under a single group

d) b an d c

c


b

Closing Date of the

Can we see income and expenses statement instead of profit or loss account We can see Income Expenses instead 304 of Profit & Loss in Tally 3 05 In tere st c an be de fin ed ag ain st 3 06 C os t ce nte r op tio n w ill c om e thro ug h 303

a) Yes

ONLINE_EXAMINATION_QUESTION b) No

T ru e

FALSE

C o st C e ntre a) F 11

G ro u p b) F 12

Le dg er c ) F4 B o th A & B

a a N o n e o f th e s e d) F 5 Accounting Vouchers

c a

3 07

R eo rde r Le ve l o ption is ava ilable in

Acc ou nts In fo


308

Is it possible to export Balance Sheet re ort ort fro from m ta tall ll to excel excel ?

yes

no

309

Party Party account account can be creat created ed throu through gh

Group creation window

Ledger creation window

T ru e

F a ls e

vou ch er e ntry

vo uc he r typ e

vo uc he r m od e

led ger

R e l a t iv e

A b s o lu t e

C om p ou nd

m ix e d

Ye s

No

a) F 11

b) F 10

c ) A lt + F 1 2

d) none of these

a

C trl + L

C trl + T

C trl + A

C trl + En ter

b

Existing Voucher Type can be modified. To enter the effective date for vouchers 311 we should modify the 310

3 12 313 314 315

R ela tion be twee n 2 sim p le un its is Is it possible to change password of Tally Vault for a Company already assi ned with with such assword? assword? The Payroll configuration can be activate from The shortcut key used for Post Dated Voucher

b a

Inventory creation window

Any one of them

N o ne of th es e

b a b

All o f th e a bove

c a

316

Optional / Memo / Reversing Journal is effected in Financial Account

Ye s

No

317

The name of the Company is hidden inside when we use ________?

Tally vault password

Security control password

U se r pa ss word

all o f the se


a

318

Novel way of automating accounting allocations during invoice entry is

P rice List

Pric e Le ve l

V o u c h e r C la s s

Contra vouchers

None of the above

c

3 19

In ve nto ry valu a tio n in ta lly m a y b e

a ve rage

FIFO

LIFO

S t d .C o s t

A l l o f th e a b o v e

e

320

Which option is use for goods delevery entry

a) F11 > use tracking number

321

How many default ledgers are provided

4

b

c) F12 > Use tracking b) F12 > use tracking number and use rejection number notes 2

0

a 1

b

ONLINE_EXAMINATION_QUESTION Shif t+S Alt+D

Sh ort c ut fo r D eletion of Sale s ord er

A lt + P

324

Re ce ip t no te is us ed in ca se of

A ft e r p u r c h a s e

B e f o re s a l e s

T ru e

FALSE

F8

F5

F9

F6

F1

b

O n li n e l e d g e r

O n li n e G r o u p

O nline C os t C e ntre

A a nd C

A l l o f th e s e

e

A lt + F 2

A lt + F 1

C trl + F 2

C trl + F1


a

Alt + C

Alt + D

In s e r t k e y

C trl + En ter


d

Costing method in Tally for item is not possible 326 T o r e c o n c i l e th e v o u c h e r p r e s s

325

327

D uring vouc he r en try we we m a y c re ate

What is the key combination to change 328 the financial year an existing Company ? At the time of ledger creation the 329 shortcut to modify online Group / Sub rou is

Be fo re p urc ha se retu rn

C rtl+D

None of the above Before urchase

323

S a l e s r e tu r n

c e b

330

If the Company starts from1st April 05 the books beginning from will be

01 /04 /20 05

31/03/20 05

0 2/0 4/200 5

It can be any date after 31 / 3 / 2005

331

Manufacturing Entry should be passed through

O ption al Jo urn al

Stoc k J rn l

Ph ysica l Stock

Bo th A & B

332

To purchase Fixed Assets through Purchase voucher turn on the option

Allow Expenses / Fixed Assets in Purchase Vouchers from F11

Allow Expenses / Fixed Assets in Purchase Vouchers from F12

Allow Expenses / Fixed Assets in Purchase Vouchers from F11 / F12


b

333

T o D u plica te a Vo uc he r In Da y Bo ok

A lt + 2

A lt + X

A lt + A

Alt + I

a

TRUE

FALSE

-

-

yes

no

O ption al vouc he r

R eversing jo urna l

T ru e

FALSE


Gateway of Tally > Ledgers > Single Ledger > Alter

T ru e

F a ls e

Multiaccounting printing is possible in tally Is it possible to import transactions 335 from one company to another company in tally ? The voucher that are used in Scenarios 336 management We can give partno(Design no 337 catalogue No ) for stock item 334

338 339

A ledger account can be altered through A Primary Group can be defined by the

d N o ne of th es e

-

b

a a

Po st d ate d vou ch er

Bo th A & B


d a

Gateway of Tally > Ledgers > Alter


a a

341

T o se e th e B ud get va ria nc e p ress

342

Sto ck ck Jo Jou rn rna l m od ode is is us used fo for

343

During voucher entry Date can be changed.

T ru e

F a ls e

344

T o m a k e an Op tio na l vo uch er pr pres s

A lt + L

C trl + L

yes

no

S a l e s N o te


S a le s R e c e ip t N o t e

D e live ry N ote

347 Where you you will will find find the the stock stock summary summary

a) GOT> Stock Summary

b) GOT > Display > Stock Summary

c) GOT > Inventory Books > Stock Summary

d) b an d c

348 C o m pa ny F ea ture in vo k ed by pre ssing

F12

F11

A lt + F 1 1

C trl + F1 2

345 346

349

Can we mention the voucher number for each entry manually ? Goods delivered on account of Sale is related with

H ow to c rea te g od own s?

Multiple Ledger creation mode does 350 not allow to define Bill details against a party account. Can we view CST paid amount at the 351 time of purchase in Vat Report ?

A lt + G ONLINE_EXAMINATION_QUESTION A lt + B A lt + T Manufacturing of Bad Debts N o ne of thes e Item adjustments

Gateway of Tally > Inventory Info > Stock Items > Location

C trl + B

b a a

Sh ift + C trl + L

Alt + C trl + L

N o ne of th es e

b a


d a


Gateway of Gateway of Tally > Gateway of Tally > Tally > Inventory Info > Stock Inventory Info > Godowns Inventory Info > Items > Godowns Locations

b

c

T ru e

F a ls e

b

yes

no

b

352

Th e s ho rtcu t k e y ( Alt+F7 ) is us ed for

Stoc k J rnl

M an ufa ctu rin g J rnl

Ph ysica l Stock

Bo th A & B

d

353

Sh Sh ort C u t k e y to pu t th e Vo uc he r D ate

F2

F3

F6

N o ne

a

A gains t R ef

N ew R e f

O n Ac co un t

Advan ce

D uty & T ax es

S a le s A c c o u n t

C u rre nt Lia bitie s

D uties & T a xe s

Sec urity c on trol

U s er Pa ss word

T a ll y V a u l t

A udit trial

None of the above

c

For a new Bill raised by us or raised on us by our supplier we use At the time of Sale Bill entry - Output 355 Vat - is created created under which rou ? Maintain Company data in encrypted 356 form and not to disclose our company name we use 354

None of the above

b d

357

U nit for a n ite m ca n b e

Sim ple o nly

C o m p o u n d O n ly

Bo th Sim p le & co m po un d

None of the above

All o f th e a bove

c

358

To see the opening balance in trial balance you have to activate the option

a) Show opening balance

b) Show accomulated balance

c) Only opening balance

d) Opening balance only

e ) N o t p o s s ib le

a

360 361 362 363 364 365 366 367 368 369 370 371 372

Is it possible to pass purchase order entr entr with without out an valu value e For auto calculation of TDS amount we have to ress Quantities of items be added option is is available while creating Fu ll form o f BO M T o prin t th e re po rt pre ss To mention the narration against each ledger we have to Outstanding Expenses group comes under T o C an cel a vo uc he r pre ss Accounts & inventory cannot be maintained together in Tally Prereceived Commission ledger falls under To remove a line from a report which key we will use ? Tax paid on Capital goods ledger should be under the rou T h e M ailing na m e s ha ll be

373 Stock Stock Report Report is not appear appearing ing because because Bank Interest received will be passed through User can maintain Predefined narration 375 in Tally 9.0 376 T he de fau lt god own of tally is What do you mean by the term - Alias 377 ? 374

378 379 380

W ha ha t is th e fu ll form o off T D S ? The shortcut key used to change the Voucher Date Allow components list details (Bill Of Materials) this option is used for

a) Yes


a ) A lt + C

b ) C trl + N

le d g e r

s toc k item

Billing of M ainta in t C trl + P

Bill of M ate ria l A lt + P

use common narration

narrations for each entry

C urren t As se ts

In ve stm ents

A lt + 2

C trl + D

TRUE

FALSE

C u r r e n t L i a b il i t i e s

C urren t As se ts

L oa ns an d Ad vanc es

L oa n (L ia bility)

A lt+R

Alt+O

Alt+W

All of the se

a

Fixe d a ss ets

C u rrent liab ilities

M is c Ex p( As se ts)

Su nd ry D eb tors

c

The Name of the C om an

The Name of the Pro Pro riet rietor or

B o th

N o ne of th es e

a

Inactivation of Integrate Accounts and Inventory


c

R ec eipt m ode

Pa ym e nt m ode

Inactivation of Allow Inactivation of Billwise Invoicing option Details option

c ) A lt + S

a d ) N o t p o s s ib le

c

unit of measurement B illin g of M ate ria l N o ne A lt + E A lt + R common narrations for each ledger narration for e ac ac h l ed ed e r Current Lo an s (L ia bility) Liabilities A lt + D Alt + X s to c k g r o u p

c b b b d d b N o ne of th es e

N o ne of th es e

a

C on tra m ode

Jo urn al m od e

c

T ru e

F a ls e

loc ation

m a in lo ca tio n

go do wn

n on e o f the se

b

Altern ate na m e

N ic k N a m e

Sh ort N a m e

All of the se

d

Terms Deducted from Sales

Tax deducted from Sales

Tax Demated From Sales

Tax deducted at Source

d

F4

F5

F2

F7

c

m an ufa ctu rin g

purc ha se

s a le s

s a le s r e t u r n

a

b

382 383 384 385 386 387

Can we see Closing Stock through Trial Balance ? Under which directory data of a co om m a n i s n or or ma ma llll s tto o re re d ? C an we de le te a co m pa ny us ing ? Single Entry mode is available for Sales and Purchase entries. To switch to Contra mode of voucher press To Sp lit a Co m pa ny us us e

388

Alt + N k e is is use d fo r How many default ledgers are available 389 in Ta alll ?

yes


D A T A D i r e c to r y

R o o t D i r e c to r y

B i n D i r e c to r y

Alt + D

C trl + D

Del

T ru e

F a ls e

F4

F5

Gateway of Tally > Company Info > Split Split Company Data Company Data

b Company Director bo th a & b

a a b

F6

F7

Gateway of Tally > Accounts Info > Split



a b

C a lc ula to r

P r in t

Ex or ort the da ta

Ba ck u

1

2

3

4

b


b

390

To switch from one accounting report to another accounting report we use

F1

F10

F9

391

To pass payment reciept voucher as contra the option be marked is

Allow cash accounts in journal in F12

Allow payment as contra in F12

Allow reciept as contra in F12

Use Payment Reciept as Contra in F12 d) All of the above

We can maintain different and actual billed quantity through A Company can be Restored through a 393 Backup from What is the sh ortcut key to create a 394 duplicate Voucher ?

a) F 11

b) F 12

c) N o ne of the ab ove

Company Info > Restore

Display > Restore

Gateway of Tally > Restore


Alt+1

Alt+D

Alt+C

A lt+5

Is it possible to import transactions 395 from one company to another company without importing the masters ?

yes

no

392

N o ne of th es e

N o ne of th es e


e

d a a

N one

e

b

396 396

To see see the the Rati Ratio o Anal Analy ysis sis choo choose se

Gateway of Tally > D is la > Ra Ratio

Gateway of Tally > Ratio Ratio Anal Anal sis sis

Company Info > Ratio A na na l s is is


b

397

Stock Category is used for _____ ____ ___o f Stoc k item .

Adj us tm en t

C la ss ifica tio n

R e ctif ic atio n

N o ne of th es e

b

398

T o shu t a C om p an y m e an s

T o O p e n it

T o C lo s e it

T o D e le te it

T o H i d e it

399

For Cheque printing press F11 to activate

a) Set modify other company features

b) Enable Cheque Printing

c) Both (a) and (b)


None of the above

b c

ONLINE_EXAMINATION_QUESTION 401

402 403 404 405 406

How to displ display ay item item wise wise stock stock repor reportt

Allows administrator to track changes in accounting information Tally maintain our accounts according to the currency given in T o invo k e R e ve rsin Jo urna l re ss Optional voucher can be converted into re ular ular vouch voucher er b clic click ko on n To avoid warning against negative cash use

4 0 7 R e m a r k s f o r i t e m s i n T a lly c a n b e g iv e n To see the opening balance in trial 408 balance you have to activate the option from What is the procedure to import 409 transaction from one to another company Find out which is not a Default ledger in 410 Tally. 411 W e ca n a dd Pre fix and Su ffix to 412

Use defaults for bill allocation this option is used to

The shortcut key of changing Accounts Invoice to Item Invoice is Manufacturing Vouchers can be 414 created in Tall 413

415

Acc ou oun ts ts wi with In In ve ve nt nto ry ry me me an an s

416

Ph ys ica l St Stoc k o op ptio n is is u us s ed


b) GOT > Display > Inventory books > Stock Item

S ecu rity O ptio n

T a l ly A u d i t

F10

Symbol in base currency A lt + F 1 0

R e g u l a r b u tt o n

d) GOT > c) GOT > Display > Display > Statement of inventory> Inventory books Godowns > Group Summary Aud it tria l

All of the se

b

N o ne of th es e

b

C trl + F1 0

None of the above N o ne of th es e

R e g u la r v o u c h e r

R eg ular d ate

R e gular n o


f e a tu e s w i n d o w

vo uc he r type


TRUE

FALSE

-

-

a) F 11

b) F 12

c ) C trl + F11

d ) C trl + F12

b

a) GOT > Import data

b) GOT > Import Masters

c) GOT > Entry transaction


b

C a s h in H a n d

C a p it a l A c c o u n t

P r o f it & L o s s

N o ne of th es e

b

V ouc he r m od e

V o u c h e r C la s s Bill No Will Be Generated Automatically

V ouc he r N um b er

Vo uch er T ype

c

B ill N o . Is N ot N e ed ed


b c

Multicurrency

Enter Bill No. Manually

Alternative currency

b a O p tio na l

a a

-

a

a ) A lt + E

b)C trl + I

c ) A lt + I

d) None of these

Sto ck item s

Stoc k g ro up s

Vou ch ers T ype s

led ger

All o f th e a bove

c

A and B

A a nd C

d

Accounts will be Accounts will be maintained maintained whenever whenever stock stock being sold being purchased to transfer stock to cancel a Sale / from one godown to Purchase entry another

Accounts will be maintained whenever stock will be transferred through godowns to increase / decrease stock without affecting accounts


c

418 419 420 4 21 422 423 424 425

426

An item can have a lternative units in TALLY A ledger may get declaration space for its its Alias Alias thro throu u h Document re numbering is possible in Tally V at T in n um b er c on sists of Can we use Cost Categories without using Cost Centres ? Contra mode is related to Bank and Cash transaction. It is mandatory To pass a purchase order before bill Administrator of a Company can be a ss ss i ne d th ro rou h Standard Rates for Stock item can be given from

C S T (Purchase) can be adjusted with ____ __. Purchase / Sales order is affected in 428 your Financial Account Monthwise display of balancesheet can 429 be displayed in Tally Which ledger in Tally maintains 430 Inventory? 427

431 432 433 434 4 35 436 437

Is it mandatory to create the pay structure for each and every employee To give any note for aledger acc ount is not possible For auto calculation of payroll amount we have to press By default Nature of Group for Branch / Divis ions is D ay Boo k is u se d to se e the Example of an Accounting Voucher is Memo Voucher To invoke Calculator anywhere in Tally

TRUE

ONLINE_EXAMINATION_QUESTION FALSE

F12

F11

a ) T rue

b ) False

1 1 d ig its

1 0 d ig its

yes

No

b

Ye s

No

a

Ye s

No

b

T a l ly A u d i t

Se cu rity C on trol

Use alternate unit for stock items in F12

A lt + F 1

a A lt + F 2

a b

1 2 d ig its

T a ll y V a u l t

Use Standard rates for Allow Std.rates for Stock stock item items Bo th

15 digits

Company Alteration Allow alternative rates for stock items

a

N o ne of th es e

d

None of the above

c

In pu t Va t

O utpu t Vat


d

Ye s

No

TRUE

FALSE

-

S to c k i n H a n d

C los in g Sto ck

N o le d g e r i s t h e r e

a) No

b) Yes

a

T ru e

FALSE

b

a) c trl + F 7

b ) A lt + F 4

c ) ctrl + v

d ) A lt + O

a

As se ts


In c o m e s

Ex pe ns es

b

Lis t o f Inve nto ry

L is t o f V o u c h e r s

L is t o f all M as ters


b

TRUE

FALSE

A l t + In s e r t

C trl+M

b -

-

a c

b C trl + N

C trl + C

N o ne of th es e

c

439 Stock Transfer report can be seen from from 440

4 9 item s a re e xem pte d fro m VAT To switch to Payment mode of voucher 441 press

Display - Inventory ONLINE_EXAMINATION_QUESTION Display - Statements Display - Accounts Book Books of Inventor TRUE FALSE

Display - Day Book

a b

F4

F5

F6

F7


b

442

VAT m e an s

Valuation of all taxes

Va lu ed ad de d ta x

V a l u e a d d e d ta x

Value adding tax

443

Input vat credit on capital goods is available for maximum of [May differ state to state]

30 monthly installment

35 month monthly ly install installment ment

24 month monthly ly install installment ment


a) Yes

b) No

a a

444 Is it pos sible to c opy the en try into T ally

c 36 monthly installment

e

A Bill can be formed without Order and Challan. 446 sh ortc ut fo r u rch ase bill is

T ru e

F a ls e

A lt + P

C trl+P

Sh ift+Alt+C

Alt+F 9

447 T h e H o t Ke y for - D isp la y D a ybo ok s - is

P re s s D Y

Pres s D B

Pres s D D

Pre ss D S

c

448

Life insurance premium of proprietor is treated as

in d i r e c t e x p

d rawing s

d ir e c t e x p

i n d ir e c t i n c o m e

b

449

Switching between Invoice and Voucher mode during Sale / Purchase

Alt + D

C trl + B

C trl + V

N o ne of th es e

c

450

R eo rder leve l is re la ted with

le d g e r

co st cen tres

go do wns

a

451

To see vertical balance sheet we have to select

s toc k item s a) F11 > Show vertical balance sheet

b) F12 > Show vertical balance sheet

c ) N ot po ssible

445

Inventory Voucher Maintain Budgets and Control

Inven tory le dg er

Ac co un ts led ge r

Ac cou nts Vo uc her

453 453

Maintain Billwise Details

A llllo w In v vo o ic ic in in g

A llll ow ow O rd rd er er p ro ro c ce es ss s in in g

T ru e

F a ls e

C trl+C

Alt+C

Sh ift+Alt+C

A l t +O

C rea te

A l te r

M ultip le cre atio n

D is p l a y

A lt + I

A lt + A

A lt + D

A lt + 2

T D S in vo ic e

V A T i n v o ic e

Is it possible to calculate tax on current sub-total ? Online creation of Ledger can be 455 ossible b To create ledger in multiple modes Go 456 to -- Gateway of tally -> Accounts info > Ledger -> 457 To in se rt a vo uc he r in D ay Boo k . 454

458

C red it fo r the T ax pa id on In puts is

e

b

452 R e cie pt N ote Vo uch er is a n exa m pl ple of To avai availl Budg Budget et turn turn on the the opt optio ion n

F9


d

N o ne of th es e

d a

All o f th e a bove

b c

A&B

In vo ic e fo r C ap ita l G o od s In pu t T ax cre dit All o f th e a bove

e d

460 461

Can any User convert the Memorandam Voucher into Regular basis ? The option - Integrate Accounts with Inventory - affects only

T ru e


a

Acc ou nts

In ve nto ry

Bo th A & B


c None of the above N o ne of th es e

4 62

BO M refers to

Bill of m ate ria ls

Bill of m anu fac turing

Bud ge t of M a nufa ctu rin g

B il l o f M e m o

4 63

T rac k in g N u m be r is u sed to k ee p Retained Earnings is the alias of which account group ? Is it possible to delete the default godown (Main Location) ? Can we use Reference Number in Stock Journal ? Is it possible to create pre defined cos t center for entry Is it possible to delete the profit & loss account ledger ? toggle button between voucher & invoice mode Before taking printout print preview can be viewe viewed d in Tall Tall . Pa ten t ac co un t falls un de r The shortcut key used to activate company features Can we use Cash Account in Journal mode ? At the time of voucher entry to repeat the previous narration pressDuring voucher entry existing ledger can be modified.

C h a ll a n n u m b e r

O rd e r n u m b e r

B il l n u m b e r

R e taile r


R e se rve an d S urplus

All of the se Capital Reserve

Ye s

No

b

yes

No

a

a) Yes

b) No

a

yes

no

b

a) c trl + v

b ) ctrl+ i

T ru e

F a ls e

Inve stm e nts


C u rren t Ass ets


d

F11

F12

F9

F8

a

T ru e

F a ls e

C trl+R

Alt + C

T ru e

F a ls e

4 76

c o m p o u n d u n i t i s a s s o c i a te d w i t h

U nit o f m es urem en t

G rou ps

C o st c en tres

4 77

W e c an cre ate the C os t C en tres for

R e v e n u e It e m s

N on Re venu e Item s

Bo th

Interest calulation N o ne of th es e

4 78

Fu ll form of C ST

C e ntra l Sa le s T a x

N o ne

c

4 79

U O M s ta n d s f o r

U tility o f Ma terials

U nits of M ateria ls

U n it o f M e a s u r e m e n t

all o f the ab ove

c

480

A management tool that enables different views of our information

R ev eve rs rs in in g J o ou u rn rn al al

Op ptti on on al al Vo Vo uc uc h he e rs rs

M em em or or a an n du du m V ou ou c ch h er er s

Scenario management

464 465 466 467 468 469 470 4 71 472 473 474 475

C en tral Servic e T ax C e ntra l Su rch arg e T a x

c) c trl + a

a a c

d) c trl + d

a a

a Alt+R

Alt + C trl + R

A&C

e a a c

None of the above

d

482 483 484

485 4 86

You do not allocate transactions to cost categories you allocate them to cost centres only Group Company option can be worked for When goods are destroyed by fire there is an effect in If voucher numbering scheme is changed from automatic to manual then a message will come for du licate licate voucher voucher number number T ally 9.0 ca n b e u se d b y

T ru e


a

an opened company both accounts & inventory

more than one opened company

B o th

N o ne of th es e

b

o nly in ve nto ry

on ly ac cou nts

n o e ffec t

a

yes

no

S in g le U s e r

M ultip le U se r

B o th ( a ) & ( b )

N o ne

c

12

24

6

U n li m i t e d

a

Gateway of Tally > Display > Price List


b

a

487

How many months are by default provided by Tally for a Financial Year ?

488

To declare Price List for a product choose

489

"Is it mendatory to select the same categories with the both ledger "" Service Service Tax and Ex ences"" ences""""

a) Yes

b) No

4 90

W e c a n i m p o rt

L ed ge r

C o s t C e n te r

Gro up

All of the ab ove

d

alt + r Acc ou nts In fo

alt + s In ventory Info

ctrl + r Bo th A & B

n o n e o f th e s e N o ne of th es e

a b

Ye s

No

Sus pe nse Pa ym en t

Pa rty P aym e nt

TRUE

FALSE

b

T ru e

FALSE

a

A lt + A

Alt + F

A lt + C

N o ne of th es e

c

F1 0 Ke y

F8 Ke y

F9 Ke y

F4 Key

a

T ru e

F a ls e

4 91 4 92

T o h i d e a v o u c h e r w e w il l u s e G o do wn o ption is ava ila ble in Is it possible to pass Cash / Bank entry 493 through Journal Entry mode ? 4 94 495 496 497 498 499

M e m o r a n d u m V o u c h e r is u s e d f o r We cannot Maintain Cost Centre in Tally We can maintain Both Cost centre & Cost categories in Tally To activate Auto Value Calculator press Which key will be used to choose for Reversing Journal ? Books beginning from is the end date of Accounting Year

Gateway of Tally > Gateway of Tally > Masters > Inventory Inventory Info > Price Info > Price List List

a

a Party R ec eip t


a

b

The shortcut used to find Security Control To use Cash Bank accounts in Journal 502 mode modif To switch to Receipt mode of voucher 503 press We can pass the manufacturing entry 504 through stock journal 501

5 05

506 506

ONLINE_EXAMINATION_QUESTION A lt + F 2 A lt + F 3

A lt + F 4

c a


fe atu re wind ow

vo uc he r type

n on e o f the se

F4

F5

F6

F7

T ru e

F a ls e

F 1 2 k e y is u s e d f o r

C o m p a n y D e l e t io n

C om p an y cre ation

C o m p a n y C o n f i g u a r a t io n

We can can see see cost cost cen cente terr wise wise rep repor ortt

a) GOT > Display > Statement of accounts > Cost center

b) GOT > Display > Cost center report

c) GOT > reports > Cost center > Cost center report

A lt + F 1

A lt + F 2

A lt + F 3

A and B

A a nd C

c

F12

F11

A lt + F 1 1

C trl + F1 2


a

F6

F4

F5

F2

c

C trl + N

Alt + C

B o th A & B

C trl + M

c

C ontra vou ch er

p aym e nt Vou che r

7

9

8

10

Alter C o m pa ny

T a l ly A u d i t

T a ll y V a u l t

Se curity C o ntro l

F1

F9

F5

F2

T r a n s f e r o f M a te r i a l s

Vo uch er C las s

To invoke Company Info from Gateway of Tally use Configuration menu invoked by 508 pressing The shortcut key used for Bank 509 Reconciliation. To Invoke a Calculator on the Voucher 510 Entr Entr Scree Screen n 507

5 11

A lt + F 1

M e m o V o u c h e r is a

How many types of Costing Method are found in Tally ? Which one of the stated options can 513 hide name of the Company? To change Current Date from Gateway 514 of Tally press the key 512

5 15

S t o c k J o u r n a l is g e n e r a ll y u s e d i n

Sales

Purc ha se

516

Can we view Godown wise report through stock summary ?

yes

no

5 17

wh o is the m an ufa ctu rer o f T ally

D e bco m p vt.ltd

T a lly So lu tio ns pvt.ltd

518

Tally supports online Group creation during creation of Ledger.

T ru e

F a ls e

5 19

P r ic e L is t is b a s e d o n

Quantities of stock items

Stock available in Godown


c a

Company Features

N o ne of th es e

c

a

N o n-ac co un tin g vou ch er All of the ab ove

None of the above

c b


c d c a

D g tek pvt.ltd

IBM

None of the above

b a

Rate declared during Opening Stock


a

Why separate discount column is used 521 ?

522

The Option where the Administrator can set up User and Password is known as

5 2 3 C a n w e u s e e x p ir e d b a t c h e s f o r s a l e ? 524

To set predefined billing terms we need

5 2 5 T o d e f in e a C r i t e r ia o n a R e p o r t p r e s s 526 5 27 528 529 5 30 531 532 533 534

We can pass Contra entry through F6 without any changes in Configration (F12) T o ch an ge the vou che r da te pre ss Cash deposit into bank the entry can be passed through The Discount column in Price List implies A B u d e t c a n b e s e t w i th a L e d e r . manufacturing of item is not possible in Tall While pressing Alt + F2 in the Gateway of Tally it will We can maintain more than one unit of measurement How many types of budgets are available ?

ONLINE_EXAMINATION_QUESTION TRADE DISCOUNT TRADE DISCOUNT TRADE DISCOUNT IN IN SALES IN PURCHASE BOTH THE VOUCHERS VOUCHER VOUCHER

c

Proxy Configuration

b

T a l ly V a u l t


yes

no

V ouc he r T ype s


P r ic e L is t

N o ne of th es e

b

A lt + F 1 1

A lt + F 1 2

C trl + F1 1

C trl + F1 2

b

T ru e

F a ls e

A lt + F 1

A lt + F 2

F3

F1

a) Pa ym e nt

b ) Jou rna l

C on tra

d) R e ceipt

c

C a s h D is c o u n t

T r a d e D is c o u n t

S p e c i a l D is c o u n t

N o ne of th es e

b

T ru e

F a ls e

a

T ru e

FALSE

b

Change Current date

Change Reporting period

Ye s

No

T wo

Fo ur

T hre e

One

p hys ic al sto ck

bo th a & b

5 35

Ma nu fac turin g ca ca n be be do done th th roug h

s toc k jo jo urn al

a new voucher type based on stock journal

5 36

A B u d g e t c a n n o t b e s e t w i th a G r o u p .

T ru e

F a ls e

537

To adjust a previous reference we select

N ew R e f

Ad va nc e

538

What is the path to check the Vat report

T a ll y A u d i t

n on e o f the se

a

b

Change Accounting period

N o ne of th es e


e

c a a a l l o f th e s e

d b

Ags t R ef

a) b) GOT>Display> VAT GOT>Display>Statu c) GOT > Display > VAT Report > VAT ory Report> VAT Computation Report Allocation Report

On Ac cou nt d) All of the above

None of the above

c

a

ONLINE_EXAMINATION_QUESTION c) Not possible

d) F11>Income Expense Stmt instead of P & L?

d

Gateway of Tally > Hide Date


a

Auto Va lue c alc ulato r O n line C urren cy Cre ation

N o ne of th es e

b

Company Info >Voucher Entries

Gateway of Tally > Accounting Vouchers


b

yes

no

a

T ru e

F a ls e

a

yes

no

a

A lt + A

A lt + S

YES

NO NO

31 st D e c 2 00 6

3 1st Ma rch 20 06

3 1s t D ec em b er 2 00 5

N o ne of th es e

b

a) F 12

b) F 11

c ) C trl + F12

d ) C trl + F11

a

CTRL + T

C TR L + D

C T R L+ L

AL T + L

How we can see income and expenses 540 statement instead of profit or loss account



During Voucher entry Date field can be skipped by manipulating If you press Alt + C key in the amount 542 portion of any voucher then what will happen ?



541

543 544 545 546 547 548

549

550 551 552 553

T o e nte r Vou ch er c ho os e Can we modify the predefined Voucher T es ? Can we maintain different tax rate for different item ? Income and expenditure statement is available in tally Sh ortc ut k ey u se d to ad d a vou ch er Is it possible to alter a Voucher Entry in th e D is is la D a b oo oo k ks s Mo Mo de de ? 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 ? "To show the ledger current balance "" Show ledger current balance"" option active from" To m a k e a n O p tio na l e ntry Option available to track unauthorised changesin data D a t a a t h c a n b e c h a n e d l a te r

554 T h e s ho rtcu t to repe at an ything in ta lly

Auto Generated Amount

Gateway of Tally > Voucher Entry

A lt + W

A lt + C

a a

Se cu rity C ontrol

T a l ly V a u l t

T ru e

F a ls e

CTRL + T

C TR L + R

AL T + R

AL T + L

b

c) Dislpy > Scenario report

d) Disply > scenario report > Alt+C

a

555

T o s e e th e s c e n a r i o r e p o r t

a) Balance sheet > Alt+ C

b) Profit & Loss > Ctrl +C

556

We can maintain alternate Unit of Measurement

Ye s

No

T a ll y A u d i t

E _ c a p a b il i t i e s

c None of the above

c a

a

1 2 3 4

5

6 7 8

What is the key combination for payroll voucher Can we enter more then one interest rate rate for one eneral eneral led er Is it possible to split balance sheet hulf yearly Tally allow us to create a duplicate voucher Is it possible to view cost centre report with group wise break-up To hide the name of company you are to defined When payment is received or made against any existing billwe select Transfer of materials from one godown to another godownuse

C T R L+F4

ONLINE_EXAMINATION_QUESTION C T R L+4 C T R L+F 5

ALT +F5

a

TRUE

FALSE

a

TRUE

FALSE

a

TRUE

FALSE

a

It is posssible

It is posssible but for this report we have to on a option from f12

It is never possible

Tally only allow to view cost centre report

a

Se cu rity C ontrol

T a l ly A u d i t

C re ate at lea st one U se r

Tally Vault Passward

d

N ew R e f

A g a in s t R e f

Ad va nc e

On Ac cou nt

b

Manufacturing Journal

S to c k J o u r n a l

Bo th A & B

J ou rna l

b

9

It i s n e s e s s a r y t o d e f i n e a l i a s f o r l e d g e r

TRUE

FALSE

b

10

T a l ly d o s e n o t a l l o w to p r i n t d a y b o o k

TRUE

FALSE

b

11

Which of the followings we can export from one company to another company

L ed ge r

T r a n s a c t io n

12

In tally we can restrict deferent user to view company balance sheet and p/l

TRUE

FALSE

13

What is the the use use of cost cost cent centre re in in tal tally ly

To maintain different centre account

To allocate cost for different purpose in a single voucher

To maintain ovrehead cost of production of different item

To maintain cost sheet of compay

b

14

Auto value calculator can be activated b re es s si sin

C trl + V

Alt + C

C trl + M

C trl + C

b

15

W e c a n c r e a te a p r i m a r y g r o u p i n t a l l y

TRUE

FALSE

a

16

We can not pass any Compound entries in Tally

FALS E

TRUE

a

17

We can switch from Accounting Voucher to Inventory Voucher pressing

F2

A lt + F 1

L ed ger w ith ba la nc e

All of the se

d

a

C trl + F 1

F11

b

19 20 21 22 23 24 25 26 27

ONLINE_EXAMINATION_QUESTION Co m pa ny R es tore op tio n is a va ilab le in C om p an y Fe atu res C om pan y In form a tio n C o nfigu ratio n We can show Bill wise details of Debtors and Creditors Creditors b activatin activatin In every time we can get 100% input cerdit on output service tax Gratuity pay head comes under which of the following Use different Actual & Billed Qty is used for Which of the following goods classified under tcs T o a ctiva te co ntra vo uc he r re res s We can~t select cash in Journal Voucher Stock Category is an option to be activated by pressing

N o ne of th es e

b

Bill by bill


TRUE

FALSE

C urren t As As se ts

C urre nt lilia bility

Statuta ry de de du ction

Statutary contribution

b

C o st C e nte r

G od ow n C rea tio n

C os t C ate go ry

Free Sa m ple

d

S CR A P

T IM BER

T EN D U LEA VES

ALL O F T H ESE

d

C trl + F4

A lt + F 4

S h if t + F 4

N o ne of th es e

d

T ru e

F a ls e

F12

F5

A LT + F1 1

F11

d

In ve nto ry In fo

d

M a i n ta i n R e f e r e n c e s

N o ne of th es e

b b

b

28

Godown Godown creat creation ion option option is availa available ble in


Acc ou nts In fo

C om p an y In form a tio n

29

W e ca n g et the re repo rt o f in tere st fro m

Ac co unt Boo k s

C as h a nd Fu Fu nd flflow

In ve nto ry Bo ok s

30

U n co nventio nal vo vou ch ers a arre

31

Bu d et m ea ns

Non-accounting vouchers F o r e c a s t in

As su m tion

32

W e ca ca n s ho ho w go do do wn wn re re po po rt rt fr from

Accounting Vouchers E stim ation Statements of Accounts

Ac co un ts B ook

Inven tory Boo k

Va t Pa yab le

V a t R e c e i v a b le

Bo th A & B

T ax Pa yab le

c

Company Info > Back up

Company Info > Alter

Company Info > Split Company Data


b

C ash /Ba nk Bo Book s

E x c e p t io n R e p o r t s

A cco un ts Bo Boo k s

T r a i l B a la n c e

N o ne of of th es e

b

C trl + P

S h if t + P

A lt + P

C trl + Alt + P

N o ne of th es e

c

TRUE

FALSE

a

TRUE

FALSE

b

33 34 35 36 37 38 39

The adjustment between ouput vat and input vat is We can change company information from We can see list of Memorandam Vouchers from To print a voucher from Tally we need to press In display mode alteration is not possible It is possible to create duplicate voucher in creation mode To see see rep repor orts ts of Job Job Work Work Ana Analy lysi sis s

Display-Statement of a/cs

Both A & B

Display-Statement of Display-Statement of a/csa/cs-Job a/cs-Job W ork Cost Center-Job work

Sttements of Accounts Inventory Vouchers All O f th es e Statements of Inventory

None of the these

d b d d

b

42

Rs5000 deposite in to bank this entry will will ass thro throu u h P ayro ll Autofill is do ne thro ugh

43

41

C o ntra Vou ch er

ONLINE_EXAMINATION_QUESTION Pa ym e nt vo uch er R e c e ip t v o u c h e r

All of the se


d

N o ne of th es e

b

C trl + A

A lt + A

C trl + B

Alt + B

T he sh ortc ut u se d to ac tiva te c alcu la tor

C trl+N

C trl+M

C trl+A

C trl+B

44

T he sh ortc ut u se d fo r on line crea tio n

Alt+A

Alt+C

C trl+A

Alt+D

N o ne of th es e

b

45

T o se e any rep ort in d eta iled way pre ss

A lt + F 2

F2

Alt+C

Alt+F 1

N o ne of th es e

d

T ru e

F a ls e

2 7-D

27

2 7A

1 6A

N o ne of th es e

a

Mo nth l

Q ua rterl

Ye a r l

B o th a & b

N o ne of th es e

b

Ma na ger

Su pe rviso r

O wn er

Adm inistra tor

TRUE

FALSE

b

TRUE

FALSE

a

T ru e

F a ls e

a

Ye s

No

a

F11

F12

C trl+F1 2

A lt+F1 2

b

It is used for manufacturing product

It is used for inter godown stock transfer

It is used for stock comsumption entry

All of the se

d

F11

F12

F 11 > F2

A ll o f t h e s e

b

Paym ent

R ec eipt

S a le

All of the se

d

T ru e

F a ls e

In co m e

E x p e n d i tu r e


Ass ets

c

D utie s an d T a xes


C u rren t Ass ets

S a le s A c c o u n t s

c


C urre nt Li Lia bilitie s

D u tie s& Ta xe s

46 47 48 49 50 51 52 53 54

55

Memorandum Voucher does not effect Books of Accounts Which form has to be submitted for tcs certificate T cs retu rn will be fille d If passward are used to log into the company the right to delete the company is with Se rvice ta x c an be ad jus ted with vat It is not possible to delete a unit which is assign with a item We can see Income & Expenditure A/c instead of Profit & Loss Account Can we pass contra entry through receipt and payment entry To show ledger current balances during voucher entrywe have to activate option in W ha ha t is th e u se of s tck jou rnal

From where we can enable bill of material facility? For what kind of voucher we can create 57 re-define voucher class? We can change the default directory of 58 Tall Suspense Account is group defined 59 under 56

60 61

V a t R e c e i v a b l e l e d g e r i s c r e a te d u n d e r Input Credit on Capital Goods ledger

a

a

d

a

MiscExp(Asset

c

63

We can filter voucher wise report in da b oo ook

TRUE

64

W ha ha t is th e p ath to cre ate price list

G O T > F11

GOT > Accounts Info > Price List

GOT > Inventory Info > Price List

B&C

c

C ash Ba nk B ook s

Exc eptio nal R e ports

A cco un ts Boo k s

Balan ce She et

b

T ru e

F a ls e

b

T ru e

F a ls e

a

In d i r e c t e x p e n s e s

D irec t ex pe ns es

Bo th

N o ne of th es e

c

T o o p e n n e w c o lu m n w i n d o w p r e s s

C trl + C

Alt + C

C trl + Alt + C

None of the these

b

T o se e G ratuity R ep orts

Gateway of Tally > Display > Payroll Report > Gratuity

Gateway of Tally > Display > Gratuity Report

Gateway of Tally > Display > Statement of Accounts > Gratuity Reports


a

65 66 67 68 69

70

List of optional voucher we can get from A ledger can~t be deleted if it is carring opening balance It is not necessary to prepare new manufacturing journal to pass mgf Entr Track additional cost of purchase allows to enter

It is necessary to give addresses during T ru e Ledger Creation To see the report of list of vouche rswe 72 Display-Day Book have to go 71


F a ls e

b

Display-Account Books

Display-Exception Reports

73

D r a w i n g s l e d g e r f a ll s u n d e r

In d i r e c t e x p e n s e s

C a p it a l

C u rren t Ass ets

74

C a r r ia g e o u t w a r d le d g e r c o m e s u n d e r

D ir e c t e x p e n c e

Ind irec t e xp

E xpe nc e(in d irec t)

75

Export duty can be adjusted against output vat

TRUE

FALSE

76

Inc om T a x N u m be r prin te d in


P r o f it & L o s s A c c o u n t

C as h / Ban k Ac co unts

77

To get cost center details in voucher entr entr ress ress

F e a tu r e s ( F 1 1 )

C o nfig ura tio n (F 12 )

N o ne of thes e

78

W h at is M R P?

M ark e t Price

M ax im u m R etail Price

M a r g i n a l P r ic e

79

M ultip le go do wns are ac tivated fro m

F11 > F1

80

From where we can enable interest calculation feature in tally?

F11 GOT > Display >Interest Calculation

F 11 > F2 Got > display > statements of accounts > interest calculation

81

Receipt voucher and receipt note both

TRUE

a

F11 > F1 FALSE

Display-Trial Balance Current Liabilities

a b

B&c

d b

N o ne of th es e

d b

Minimum Retail Price F1 1 > F 3 G o t > ac co un t

N o ne of th es e

b c b b

83

84

85 86 87 88

W h a t is T A N ?

T o ge t Pa yroll Re po rts c ho os e

We can set budgets for which of the followings No of Predefined Ledgers in Tally is ____ _ Reversing Journal needs an applicable date D ata Folde r of a C om pa ny c on sis ts of

89

A li a s m e a n s To alter a master while making an entry 90 or viewing a report Goods Delivered but Bills not Made 91 means The tax(vat) paid at the time of 92 urchase

Tax Account Number

ONLINE_EXAMINATION_QUESTION Tax Assessment T a x A ssign m en t N u m be r Number

Gateway of Tally > Gateway of Tally > Display > Statement of Display Accounts


b

Gateway of Tally > Display > Statement of Payroll

Gateway of Tally > Display > Payroll Reports

N o ne of th es e

d

L ed ge r

G ro u p

C o s t c e n t re

All of the se

N o ne of th es e

d

1

2

4

3

N o ne of th es e

b

T ru e

F a ls e

3 d ig its

4 d ig its

6 digits

5 d i g it s

N o ne of th es e

d

Sho rtna m e

N ick n am e

C od ena m e

All of the se

N o ne of th es e

d

A l t + E n te r

S h i f t + E n te r

C trl + En ter

T ab + En ter


c

Challan not prepared

O rd e r n o t m a d e

Bo th A & B

N o ne of th es e

d

In p u t T a x

O u tp u t ta x

S e r v ic e T a x

N o ne of th es e

a

a

It will not show the Company Name in It will lock the period of It will lock all voucher the Company Select Company enties for that Company List

Sales Bill Pending Tax Deducted at Source

93

What is the utility of Tally Vault Password?

94

There is no difference between Shut Company & Delete Company

T ru e

F a ls e

95

BO M re pre se nts

B i ll i n g o f M a c h i n e s

Bill of M ateria ls

Bill of M a in ten anc e

N o ne of th es e

b

Jo urn al

Paym ent

R ec eipt

C on tra

d

A lt + F 2

Alt+F3

F2

F1

a

TRUE

FALSE

b a

96 97 98

Transfer from Main Cash to Petty Cash passed through T o c h a n e th e e r i o d r e s s 0% vat and exampt vat these two are same

99

C a n w e c h a n g e T a ll y V a u l t P a s s w o r d ?

Ye s

No

1 00

W ha t is a ss ess eb le va lu e

Bill va lu e

Vo uc he r rate


a

b

T ax am oun t

On which value vat will be calculated

d

103 104

Vat and cst could not be cha rged in a same voucher To change from invoice mode to voucher modethe shortcut is _____

TRUE


C trl+N

C trl+M

C trl+A

C trl+V

d

For this type of entry we have to alter tally feature

For this type of entry we have to alter tally configuaration

It is possible in tally in simple voucher entry

b

There will be no adjustment between in utva utvatt & out out ut vat vat

Output vat comes under current liabilit

105

It is not possible to How can we maintain free gift entry in maintain this type of purchase invoice entry in tally

106

Inputvat comes under Which of the following statement is not Input vat comes debit column of duties correct under current asset & taxes

107

ET C S m ea ns

108

T o o to Pa ro ro ll Vou ch er re r es s It is not possible to give description for 109 stock items 110 110

How How can can we cre creat ate e vouc vouche herr Clas Class? s?

It is possible to maintain same stock in different unit of measurement unit To remove a line at all reports screen 112 shortcut is We can maintain vat and wbst within a 113 same bill 111

a

Enable Tax Collected at Source

Electronic Tax Collected at Source

Electric Tax Collected at Source


C trl + F9

C trl + F5

C trl + F 4

C trl + F6

T ru e

F a ls e

Gateway of Tally > Accounts Info > Voucher Types > Create

Gateway of Tally > Inventory Info > Voucher Types > Create

TRUE

FALSE

Alt + R

A lt + S

Ye s

No

N o ne of th es e

c

b N o n e o f th e s e

c b

B o th

N o ne of th es e

c

a Alt + 1

A lt + T


a b

114 114

How How can can we see see the the budg budget et repo report rt

GOT > Display > Budget Report

Got > display > trial balance > budget variance

115

We can not copy any narration from another voucher

TRUE

FALSE

116

W e c an rep eat na rratio n by p res sing

A lt + S h i f t + R

Shift + R

A lt + R

C trl + R


d

117

Ta lly So ftwa re de de velo pe d by by

Tally Software Pvt Ltd

T a lly In fote ch Pvt Ltd

T a l l y P v t L td

Tally Solutions Pvt Ltd

N o ne of th es e

d

118

Total number of Ledgers Groups Entries etc can be shown from

T a l ly A u d i t

Statistics

A cco un ts Info rm ation

Company Information

N o ne of th es e

b

Got > accounts book

Got > display > accounts books > budget

N o ne of th es e

b

b

121 1 22 123 124

In service tax Credit Adjustment(%) should be either S urch arg e is a lw ays ca lc ula te d o n The shortcut key used to quit the screen without questioning We can activate Journal Voucher pressing

20 %

ONLINE_EXAMINATION_QUESTION 1 00 % B o th A & B

3 0%


c

Tax

T o t a l s a le s

A d d it io n a l D u t y

N o ne of th es e

a

C trl+A

Es c

Alt+C

C trl+Q

d

A lt + F 7

F7

F8

A lt + F 8

b

125

To use Dr/Cr instead o f To/By during Voucher entry or vice versa Press

F10

F12

F11


b

1 26

T o se e Va t a nd C st re po rts

D is pla y-D ay Boo k

Display-Statutory Reports

Display-Account Books

DisplayException R e orts

b

1 27

R e-O rde r Le ve l o ption is ava ilable in

Acc ou nts In fo

In ventory Info

Bo th A & B


b

1 28

S c e n a r i o c a n b e c r e a te d f r o m


Bo th A & B

N o ne of th es e

a

1 29 29

W h at at i s t he he us us e o f s ttc c k j ou ou rn rn al al ?

Acc ou nts In fo It is used for manufacturing product

It is used for inter godown stock transfer

It is used for stock comsumption entry

All of the se

d

130

If input vat is more than output vatthen adjustment will be through

T a x Pa yab le

V a t R e c e i v a b le

A ll Of the se

Va t Payab le

b

131

While creation of Input vat and Output vat Type of Duty/Vat should be

Cst

O the rs

Va t

S urch arg e

c

Sto ck G rou ps

S to c k C a t e g o r y

Stock Item


c

132 Maintain Batch Details” is activated for 133 134 135 1 36 1 37 138

We cann~t pass a purchase/sale bill TRUE without order and challan Government could be the deducter type TRUE for tds Is it possible to view double column TRUE cash book in tally? T o et the C on tra M o de sho rtcu t is F7 Va t T in co ns is ts o f __ __ digits 10 Purchase furniture rs30000 by cash- to P aym e nt vo uc her pass this entry use

1 39 Va t s hou ld be a dju ste d in e ve ry m o nth 140

To reconcill bank book which key we have to press

FALSE

b

FALSE

a

FALSE

a

F5 12

F8 11

F4 9

d c

Purc has e vo uch er

Jo urna l

All of the se

d

TRUE

FALSE

F5

F6

a F7

F8

a

1 42

R e v e r s i n g j o u r n a l is a

1 43

By defa ult T ally da ta is s to re d into Which of the following is non accounting voucher T c s w i l l b e c o l l e c te d b y s e l l e r We can not export ledgers of one company to another company In Company Features how many features are available?

144 1 45 146 147

Conventional ONLINE_EXAMINATION_QUESTION Unconventional B oth (a) a nd (b) Voucher Voucher D ata D ire cto ry P r o g ra m F i l e s R oo t D ire cto ry O PT IO N AL

N o ne of th es e

b

N o ne of th es e

a

B&C

d

PAYMEN T

MEM O R AN D U M

TRUE

FALSE

a

T ru e

F a ls e

b

5

3

4

2

c

148

To create a Group Company at least ____ __ co mpa nies a re ne eded

1

3

2

4

c

1 49

F1 2 is k no wn a s

C om p an y Fe atu res

Company Confi urati Confi uration on

Ac cou nting Fe atu res

N o ne of th es e

b

D u tie s & T ax es

Sales

Sales R etu rn


a

C u r r e n t L i a b i l i te s

C urren t As se ts


D uties & T a xe s

TRUE

FALSE

150 151 152

Input Vat Ledger is created under which account? Output Vat Ledger should be defined under To enable vat computation is it nacessary to select vat/tax class

Display > Statements of Accounts Book > TDS Accounts > TDS Outstanding > TDS Outstanding > TDS Computation Computation F 12

C T R L + F1 1

C T R L + F1 2

N ot pos sible

It is p os sib le

First we have to on an option from configuration

First we have to on an option from feature

c

GOT-Display-Ratio Analysis

D is is p plla y y-- D Da a y B oo oo k

D is is p plla y y-- Tr Tr ia ia l B al ala nc nc e

DisplayAccount Books

a


C urre nt Li Lia bilitie s

D u tie s& Ta xe s

MiscExp(Asset s)

c

F11

F 12

F 11 > F2

F1 1 > F 1

c

In F11 statutory

In company creation

154

To show the cheque number while reconciling Bank Accounts press

F11

155

Is it possible to pass a cash ba nk entry through journal voucher

156

To see Ratio Ratio Analy Analysis sis reportw reportwe e select select

158

Where we can set the tds deductor

a


T o vie w th e T D S repo rt g o to

Input Credit on Capital Goods Ledger will Fall Under From where we can enable discount column in voucher?

d

Display > TDS Outstanding > TDS Computation

1 53

157


At the time of

a

N o ne of th es e

b

Tax Collected by ONLINE_EXAMINATION_QUESTION Tax Consumption at Tax Collected at Source Staff Source

1 61

W ha hat is the full fo rm of of T C S

162

Which percentage does not comes under wb vat

1 63

H ow ca n we disp la y p ays lip

164

Cash bank trasaction is possible through which of the folowing voucher

PAYMEN T

165

How many days salary is eligible for gratuity calculation

15

166

167 1 68 169 170 1 71 172 1 73 174 1 75 176 1 77

c

1%


d

Got > display >payroll report > statements of payroll > payslip

Got >display >payslip

c

R EC EIPT

C ON T R A

ALL O F T H ESE

d

30

10

20

a

Use Rev journ al & Optional voucher in F11

d

0%

Got>display> Got>display>payroll statement of payroll > report >payslip payslip

Use Rev journal & To create Scenario which option to be Use Optional voucher Use Reversing voucher in Optional voucher in activated in F11 F11 F12 Without godown creation we cann~t create item T he sh ortc ut k ey use d fo r Prin t is Without mentioning units can we give quantity and rate of a particular stock item? We can create multiple users in Tally activatin W h a t i s t r a c k in g n o : Voucher Class for Interest calculation created based on T o s hu t a com pan y p res s Branch / Division is a group defined under T h e ta x(vat) paid at th e tim e of s ales Deferred Revenue Expenditure falls under Ma nu fac turin g vo uc her crea te und er

1 78 Ba nk OC C a /c is a g rou p d efin ed un de r 179

4%

Tax Collected from Sales

How many type of Measurement Unit can we create in Tally?

TRUE

FALSE

b

Alt+E

A lt + P

Ye s

No

T a l ly A u d i t

U se Sec urity C on trol

B oth (a) a nd (b)

N o ne of th es e

Purchase challan no:

S a le c h a l la n n o :

B o th

In vo ic e


c

Journ Journal al Vouche Voucherr

Debit Deb it And Credi Creditt Not Note e

Bo th (a ) an d (b )

N o ne of th es e

b

F1

SH IFT + F 1

Receipt and Payment Voucher C trl + F 1

A LT + F1


d


As se ts

In com e

In p u t T a x

O utp ut ta x

S e r v ic e T a x

C urren t As se ts

Misc Exp en se s(As se t)

Bo th A & B

S to c k J o u r n a l

Sto ck vou ch er

M a n u f a c tu r i n g v o u c h e r

Ban k Ac co un t

Se cu red Lo an

U ns ec ured Lo an

2

3

5

A l t +A

Alt+I


b b

E x p e n d it u r e Tax Deducted at Source Indirect Ex e ns ns es es A&b L o a n L i a b il i t y U n li m i t e d

b

a b c a d a

ONLINE_EXAMINATION_QUESTION 1 80

H o w c an we s ee Va t R ep orts ?

If we purchase from an unregister 181 dealer then the tax amo unt will be paid by me Return to creditor 2 pcs ram for 182 replacement after bill preparation- pass the the entr entr in 183 184 1 85 186

What is is tthe he path path for jobcost jobcosting ing report report To decleare a voucher as Post Dated press S h o rt c u t k e y u s e d f o r E x p o r t i s If we purchase any Fixed asset in creditwe use

Gateway of Tally > Gateway of Tally > Vat Display Reports

Gateway of Tally > Display > Statutory Info

Gateway of Tally > Display> Statutory Reports

TRUE

FALSE

a

D e d it n o t e

C r e d i t n o te

R e jec tio n o ut

R eje ction in

c

Got>display > statements of a/c >jobwork analysis

Got > display > jobwo rk an alysis

Got > accounts book > job c osting


a

C trl + T

Alt + T

C trl + P

C trl + D

a

Alt+E

Alt+C

A l t +B

Alt+D

a

Paym ent m od e

R ec eipt m od e

Jo urna l m od e

P urch as e m o de

c

Ac cou nts Vo Vo uc her

Inventory Voucher

1

R e cie pt N ote Vo Vo uch er is a n ex exa m ple of of

In v e n to r y l e d g e r

Ac co un ts led ge r

2

How we can see income and expenses statement instead of profit or loss account



3

Costing method in Tally for item is not possible

T ru e

FALSE

4

To show VAT classification report we use

F12 at VAT Computation report



5

T a lly by de fault c rea te s

2 l e v e ls o f s e c u r i t y

3 levels of s ecu rity

4 levels o f se cu rity

6

T a lly h as ex ten sive in tern et c ap ab ilities

TRUE

FALSE

-

-

a) Pa ym e nt

b ) jou rnal

c) re ceipts


a) Yes

b) No

7

8

"""Proprietor goods taken over for personal use "" It should be passed through " "Is it mendatory to select the same categories with the both ledger ""

d

c) Not possible


d) F11>Income Expense Stmt instead of P & L?

d

d

b F7at VAT computation report 7 levels of securit

None of the above

a

6 levels of securit

a

-

a b

a

10 11 12 13 14

15

toggle button between tds ledger And standard ournal "The shortcut key ""to Duplicate a voucher"" is" Invoice s a re c la ssifie d in An item can have alternative units in TALLY Manufacturing Vouchers can be created in Tally "Why The option "" Behave like groups"" Ask at the time of employee creation"

1 6 " W h a t i s th e N o . o f " " V A T r e t u r n f o r m " " "

a ) A lt + s

ONLINE_EXAMINATION_QUESTION b ) A lt + D c ) C t r l+ D c ) A lt + V

d ) A lt + D



8 ca teg orie s

6 c a t e g o r ie s

None of the above

a

TRUE

FALSE

-

-

-

a

Sto ck item s

Stoc k g ro up s

Vou ch ers T ype s

led ger

All o f th e a bove

c

a) Only 5 Employees can come under the group

b) Minimun 2 and Max 10 employee can come under the group

c) Many employees can come under a single group

d) b an d c

c

a) F orm 1 6

b) F orm 1 6A

c ) Form 14

d ) Fo rm 60

c

a) No

b) Yes

18

BR S re port we c an se se e throu gh

a) Cash bank reports > F5

b) Display > MIS report > BRS report

Reciept PaymentVouchers can be Sing le Entry m od e C on tra m od e passed in To see the opening balance in trial 20 balance you have to activate the option a) F 11 b) F 12 from In general the Financial year year from shall 21 1s t Ap ril of a ny yea r 31 st M a rc h of a ny year be from the date from which the date from which Financial Year 22 Bo ok s b be e gin n ing fr from me mea ns Company starts to starts for the maintain its Accounts Company Within Company alteration alteration window we 23 a n A dm in is tra tor a U s er can define To invoke Company Info from Gateway 24 A lt + F 1 A lt + F 2 of Tally use 19

26

A ledger account can be altered through

a

b) Alt + 3

Is it mendatory to create the pay structure for each and every employee

Th e s ho rtcu t to D elete a Co m p any is

a

a ) A lt + 2

17

25

d ) C trl+ S

A lt + D e le te

Sh ift + D ele te

Gateway of Tally > Accounts Info >

Gateway of Tally > Ledgers > Single

a c) Display > Bank report > d) Cash report F5 > BRS report

a

D o uble Entry m od e

Pa ym e nt m ode

Both A & C

e

c ) C trl + F11

d ) C trl + F12

b

A ll of th em are true

N o ne of th es e

a

Closing Date of the Financial Year


b

N am e o f the Prop rie tor

All of the se

N o ne of th es e

a

A lt + F 3

A and B

A a nd C

c

C trl + D e le te

A lt + D

A lt + X

d

Gateway of Tally > Ledgers > Alter


a

27 28

What is the difference between Indirect Expenses and Expenses (Indirect) groups? For on line modification we have to press Directory where TallyProgram Files will be Loaded is

They are two ONLINE_EXAMINATION_QUESTION Indirect Expenses is Expenses (Indirect) is an separate primary an alias of Expenses alias of Indirect Expenses groups (Indirect) group group

A and B

B a nd C

c

a) C trl + En ter

b) Alt + En ter

c) Alt + D


T a l l y D i r e c to r y

A p p l i c a t i o n D ir e c t o r y

D ata D ire cto ry

All of the se

N o ne of T he se

b

Bill refe ren ce ca n b e o f

4 type s

5 type s

9type s

7types


a

31

Acc ou oun ts ts with In ve ve nt nto ry ry m ea ean s

Accounts will be maintained whenever stock bein bein urch urchas ased ed

Accounts will be maintained whenever stock being sold

Accounts will be maintained whenever stock will be transferred thro throu u h odo odowns wns

A and B

A a nd C

d

32

C o m pa ny F ea ture in vo k ed by pre ssing

F12

F11

A lt + F 1 1

C trl + F1 2


b

33

B an an k O C CC C Ac Ac co co un un ts ts is is th th e a lili as as of of

Bank Accounts group

Ba nk Overd raft grou p

Bo th


b

C u rren t Liab ility

C urren t As se ts

Fixe d As se ts

Reserve and Surplus

b


C urren t As se ts

L oa ns an d Ad vanc es

L oa n (L ia bility)

N o ne of th es e

a

F9

F8

A lt + V

C trl + V

N o ne of th es e

d

Show Ledger Current Balances from F12

Display Current Balance from F11


b

C on tra m ode

Paym ent m od e

R ec eipt m ode

N o ne of th es e

c

a) Sh ort n am e a ) T rue

b ) C ode nu m b er b ) False

c) E xtra in form a tio n

d ) a a nd b

d b

29 30

34 35 36 37

The account subgroup Deposits is under Prereceived Commission ledger falls under To convert a Sales entry from Voucher mode to Invoice mode use

To view current balance of ledger Show Ledger during voucher entry turn on the option Balances from F11

a

39 40

Started Business with cash Rs 100000. We will pass this en try using W e c a n m a i n ta i n a n a l i a s U D F i s p o s s i b l e i n T a ll y

41

Ho w to cre ate un it in pa yroll

a) GOT > Inventory info > Units of measure > create

b) GOT > Payroll info > Units > create

42

C a l c u l a t i o n o f In p u t V a t I s o f

2 W a ys

3 w ays

5 wa ys

4 wa ys

a) F orm 1 6

b) F orm 1 6A

c ) Form 14

d ) Fo rm 60

TRUE

FALSE

a

T ru e

FALSE

a

38

43

W h i c h F o r m is u s e f o r T D S C h a ll a n date field in voucher creation mode can 44 be skipped Stock categories can be maintained in 45

d) None of these

a Cannot be calculated

d b

a) F11 > Profit or ONLINE_EXAMINATION_QUESTION b) F12 > Profit or loss loss both as c ) N ot po ssible both as liabilities liabilities c) F12 > Use tracking a) F11 > use b) F12 > use tracking number and use rejection tracking number number notes

46

To see profit or loss both as liabilities we have to select

47

Which option is use for goods delevery entry

48

R e m a r k s f o r i te m s i n T a l l y c a n b e g i v e n

TRUE

FALSE

-

-

49

"Is it required to create the ledger named "" VAT refundable"""

a) Yes

b) No

c) Yes depends on situation

d) All of the above

50

T he op tio n calcu la tor w ill c om e thro ug h

a ) C trl + N

b ) C trl + C

c) Alt + C

d) a an d c

51

T h e M ailing na m e s ha ll be

The Name of the Company Configuration window

The Name of the Proprietor

B o th

N o ne of th es e

Fea ture win d ow

N o ne of thes e

T ru e

F a ls e

52 53

To create Cost Category the option is set to be - Yes - in Is there any difference between Reversing Journal and Memorandam Voucher ?

b

a -

a c

e ) N o n e o f th i s

d a b a

54

Switching between Invoice and Voucher mode during Sale / Purchase

Alt + D

C trl + B

C trl + V

N o ne of th es e

c

55

To switch from one accounting report to another accounting report we use

F1

F10

F9


b

56

Can we view CST paid amount at the time of purchase in Vat Report ?

yes

no

57

To maintain stock categories one should mark



More than one cost categories

A lt + X

A lt + E

A lt + P

T ru e

F a ls e

a

yes

No

a

Tally vault password

Security control password

U se r pa ss word

all o f the se

F2

ALT + F2

CTRL + F2

F1

58 59 60 61 62

Choose the correct sh ortcut key to export. Memorandum Voucher is a Nonaccounting Voucher Can we use Reference Number in Stock Journal ? The name of the Company is hidden inside when we use ________? The shortcut of changing period is invoked by pressing

b Maintain Stock All o f th th e ab above categories A lt + T

d b


a b

64 65 66 67 68 69

ONLINE_EXAMINATION_QUESTION narrations for each narrations for each ledger entry

use common narration

T he de fau lt od od own of tall is Can we view Godown wise report through stock summary ?

loc ation

m a in lo ca tio n

yes

no

wh o is the m an ufa ctu rer o f T ally

D e bco m p vt.ltd

T a lly So lu tio ns pvt.ltd

D g tek pvt.ltd

IBM

b) D Du u ty a nd ta tax es

c) L Lo o an liliabilitie s

d) All of the above

The ledger salary payable falls under a) C Cu u r r e n t l i a b i li t i e s the group In tally We can create a new Company on any other Directory rather than data YES Director Where you will will find find the stock stock summary summary


b) GOT > Display > Stock Summary

71

Is it possible to pass purchase order entry without any value

a) Yes

b) No

72

How to to create create Employee Employee Group Group in Tall Tally y

74 75 76 77 78

Tally maintain our accounts according to the currency given in M a rk et va lua tio n T all c an be in Expiry dates for an item like Medicine can be given in Tally Is it possible to create pre defined cos t center for entry "To show the ledger current balance "" Show ledger current balance"" option active from" The Payroll configuration can be activate from

o do wn

b b a None of the above

a) GOT> Payroll b) GOT> Payroll info> voucher> Employee Employees

b a

NO NO

70

73

common narration for each ledger n on e o f the se

To mention the narration against each ledger we have to

a c) GOT > Inventory Books > Stock Summary

d) b an d c

a a

c) GOT> Payroll info> Employee

d) None of these

2 Wa s

Symbol in base currency 3 wa s

T ru e

FALSE

a) Yes

b) No

a) F 12

b) F 11

c ) C trl + F12

d ) C trl + F11

a

a) F 11

b) F 10

c ) A lt + F 1 2

d) none of these

a


Contra vouchers

Multicurrency

79

Novel way of automating accounting allocationsduring invoice entry is

P rice List

Pric e Le ve l

80

Accounts & inventory cannot be maintained together in Tally

TRUE

FALSE

81

C red it fo r the T ax pa id on In puts is

T D S in vo ic e

V A T i n v o ic e

6 wa s

None of the above 4 wa s

-

-

b

Alternative currency

b N o ne of th es e

d a a

None of the above

c b

In vo ic e fo r C ap ita l G o od s In pu t T ax cre dit All o f th e a bove

d

82

What is the path to check the Vat report

83

In a C o m pa ny we m ay m ain tain

84 85 86 87 88 89 90

If a company is actually established on 1st September 2002 the Financial Year from will be Which one of the stated options can hide hide name name of of the the Com Com an ? We cannot Maintain Cost Centre in Tall F 1 1 r e f e r s to s a l e s o r d e r At the time of company creation if Accounts Only option has been selected then Administrator of a Company can be assigned through Cash deposit into bank the entry can be passed through

a) ONLINE_EXAMINATION_QUESTION b) GOT>Display> VAT GOT>Display>Statu c) GOT > Display > VAT Report > VAT ory Report> VAT Computation Report Allocation Report R e ort Accounts with A c c o u n t s o n ly Bo th o f the se Inventory

d) All of the above

a

E ith er o f the se


c

1st September 2002

1st Oc to ber 200 2

1s t Ap ril 20 02

1s t April 200 3


c

Alter C o m pa ny

T a l ly A u d i t

T a ll y V a u l t

Se curity C o ntro l


c

TRUE

FALSE

b

TRUE we cannot pass purchase / sales transaction

FALSE

b

we cannot maintain inventory

we c an no t m a in tain p arty

A and B

A a nd C

b

T a l ly A u d i t


T a ll y V a u l t

Company Alteration

N o ne of th es e

d

a) Pa ym e nt

b ) Jou rna l

C on tra

d) R e ceipt

c

d) GOT > c) GOT > Display > Display > Statement of inventory> Inventory books Godowns > Group Summary

91

How to dis displ play ay item item wise wise sto stock ck repo report rt


b) GOT > Display > Inventory books > Stock Item

92

For auto calculation of TDS amount we have to press

a ) A lt + C

b ) C trl + N

c ) A lt + S

93

To see vertical balance sheet we have to select

b) F12 > Show vertical balance sheet

c ) N ot po ssible

94

For Cheque printing press F11 to activate

b) Enable Cheque Printing

c) Both (a) and (b)


S ecu rity O ptio n

T a l ly A u d i t

Aud it tria l

All of the se

N o ne of th es e

b

2 type s

5 type s

7 type s

3 type s

4 type s

a

a ve rage

FIFO

LIFO

S t d .C o s t


e

96

Allows administrator to track changes in accounting information Bud ge ts c an be of

97

In ve nto ry valu a tio n in tally m a y b e

95

a) F11 > Show vertical balance sheet a) Set modify other company features

b


c b

c

100 101 102 103 1 04 105 106 107 108 109 110

Is it possible to delete the profit & loss accoun accountt led led er ? To delete the Master which key you you will use ? Purchase / Sales order is affected in your Financial Account To define Credit limit for debtors & creditors switch on the option from ___? R e ce ip t no te is us ed in ca se of Use defaults for bill allocation this option is available by pressing which key ? To switch from Profit & Loss a / c to Balance Sheet we will use Is it possible to perform manufacturing without formula ? You do not allocate transactions to cost categories you allocate them to cost centres only We can maintain different and actual billed quantity through Is it possible to see vertical balance sheet

yes


S h if t + d

Alt+D

Ye s

No

F11

F12

C o m pa ny Info

n on e o f the se

A ft e r p u r c h a s e

B e f o re s a l e s

Be fo re p urc ha se retu rn

S a l e s r e tu r n

F12

F11

F10

F3

a

F10

a lt + 1 0

F11

C trl + F1 2

a

yes

no

a

T ru e

F a ls e

a

a) F 11

b) F 12

a ) T rue

b ) False

1 11

T o s e e th e s c e n a r i o r e p o r t

a) Balance sheet > Alt+ C

b) Profit & Loss > Ctrl +C

1 12

U nit for a n ite m ca n b e

Sim ple o nly

C o m p o u n d O n ly

113

To give notes for a particular ledger account one should mark

Allow Advance entries in master in F12

Allow Contact Details for ledger account in F12

1 14

C S T in pu rcha se is d edu cte d fro m

115

How many months are by default provided by Tally for a Financial Year ?

1 16 117

V a t is i m p o s e d o n Monthwise display of balancesheet can

S a le a m o u n t

P urch as e a m ou nt

Es c

b A lt + c

b b

c) N o ne of the ab ove

a Before urchase

d) All of the above

e

a a

d) Disply > scenario report > Alt+C None of the Bo th Sim p le & co m po un d All o f th e a bove above Add Notes for Allow Notes for Ledger None of the Ledger Account Account in F12 above in F12 All of the N o ne of th e abo ve above c) Dislpy > Scenario report

a c d c

12

24

6

U n li m i t e d

a

25 5 item s

1 2 5 i te m s

4 6 i te m s

5 5 0 it e m s

2 7 0 i te m s

d

TRUE

FALSE

-

-

-

a

118 1 19 120 121

Is it mendatory to select the type of organization at the time of service tax configuration C os t ce nte r o tio n w ill c om e thro u h Incase of loan taken from party the required ledger will be Is it possible to see profit or loss both as liability

a) Yes


a) F 11 a) Loan from party Party Cash

b) F 12 b) Loan from party Party

a ) T rue

b ) False

c ) F4 c) Loan from party cash

a d) F 5 d) None of the above

a c a

122

Salary paid to employees without any value this entry passed through

a) Payment

b) Payment after activate the option from F11

1 23 23

H ow ow to to di dis p pll ay ay th th e p ay ays lilip re re po po rt rt

a) GOT > Display > Day Book

b) GOT > Display > Payslip

T ru e

FALSE

b

T ru e

FALSE

a

46

26

45

89

on which Vat is to be calculated A lt + P

On which TDS is c ha r ed C trl+P

On which Sales tax is calculated Sh ift+Alt+C

None of the above A l t +F 9

124 125

Display of Sundry debtors without ledger breakup cannot be possible in Tally We can give partno(Design no catalogue No ) for stock item

1 26

Nu m be r of ite m s e xe m pte d fro m VAT Nu

1 27

A n a s s e s s a b l e v a l u e is

1 28 129 130 131 132 133 1 34 135

sh ortc ut fo r pu rch ase bill is manufacturing of item is not possible in T ru e Tally Cash ledger can be allowed in journal true mode Cash to Bank transa ction in Tally can Pa ym e nt Vo uc he r be passed through Example of an Accounting Voucher is TRUE Memo Voucher Is it mendatory to select the service tax categories at the time of service tax a) Yes ledger creation D ay Boo k is u se d to se e the Lis t o f Inve nto ry Can we define Credit limit for debtors & yes creditors ?

c) Not possible

d) Received after active the option from F11

c

c) GOT > Display > d) Either (a) or Payroll Reports > Payslip (b)

c

30

a


a

F9

e

FALSE

b

FALSE

a

C on tra vou ch er

R e c ie p t v o u c h e r

Vo uch er C las s

None of the above

b

FALSE

a

b) No

a

L is t o f V o u c h e r s

L is t o f all M as ters


no

Input Vat on trading Output Vat on trading

b a

CST at the time of sales

Input vat on

To skip the date field in accounting 137 voucher create mode one should mark


138


A VAT T IN nu m be r ha s

ONLINE_EXAMINATION_QUESTION Allow Advance entries Click On gateway of Tally in master in F12 1 2 d i g i t n u m e ra l s

"To display the ""inventory values are b) Allow ADVANCED a) Use ADDRESS 139 affected"" at the time of ledger creation entries in master from for ledger accounts "" press F12"" to active " Inventory master


a

c

c) 2

d) 4

b

a) 1

b) 3

141

M e m o V o u c h e r is a

C ontra vou ch er

p aym e nt Vou che r

142

inp ut ut cr cr on on ca ca pi pital go go od od s fa lllls un und er er

a ) C ur urre nt nt lilia bi bilitie s

b ) D ut uties an an d taxe s

c ) Lo an an liliabilitie s

143

R e ve nu e item is rela te d with

a) P urch as e

b ) S a le

c ) P u r c h a s e & S a le

TRUE

FALSE

-

T ru e

FALSE b) GOT > Display > Cost center report

145

9 d i g i t n u m e r a l s 6 d i g i t n u m e r a ls

e

d) None of these

How m any pa rts in Em ploye e m as ters Ho

Multiaccounting printing is possible in tally Payment & Reciept Voucher can be assed as contra

F12-Skip date field in create mode(faster en tr )

c) Allow ADVANCED entries in master from Accounts Master

140

144

F11-Skip date field in create mode(faster en tr )

N o n-ac co un tin g vou ch er All of the ab ove

None of the above

d) All of the above d) None of the above -

c b c

-

a a

146 146

We can can see see cost cost cen cente terr wise wise rep repor ortt

a) GOT > Display > Statement of accounts > Cost center

147

Company features are applicable with the current company only

T ru e

FALSE

148

BO M refers to

Bill of m ate ria ls

Bill of m anu fac turing

Bud ge t of M a nufa ctu rin g

B il l o f M e m o

None of the above

a

C trl+C

Alt+C

Sh ift+Alt+C

A l t +O

All o f th e a bove

b

A lt + P

Shif t+S

A lt + F 7

C trl+ F7

c

D A T A D i r e c to r y

R o o t D i r e c to r y

B i n D i r e c to r y

C trl+S hift+N Company Director

N o ne of th es e

a

149 150 151

Online creation of Ledger can be possible by Sa le s O rde r R e or o r t is a c c e s s e d b Under which directory data of a co om m a n i s n or or ma ma llll s tto o re re d ?

152

How we can pass entry without any value

a) F11 > allow 0 valued entries in vouchers

c ) I s n o t p o s s ib le

153

"The shortcut key ""to remove a line in a report"" is"

a ) C trl + R

b) Alt + L

c) GOT > reports > Cost center > Cost center report

a

a

a c) Alt + R


c

ONLINE_EXAMINATION_QUESTION Bud get R evers ed Jo urn al

155

Special journal that automatically reversed after date of journal

Scenario management

156

Option available to track unauthorised changesin data

Se cu rity C ontrol

T a l ly V a u l t

T a ll y A u d i t

E _ c a p a b il i t i e s

A lt + P

C trl+P

A lt + F 1

F1 All of the ab ove

157 Sh ort c ut to s hu t a com pan y ion tally is

Reversing journ al

VAT adjustment journ al None of the above None of the above

c c

158

In T ally w e c an m ainta in

Inven tory on ly


Inven tory w ith ac co un t

159

Loss of stock the entry should be passed through

a) J ou rna l

b ) S to c k J o u r n a l

c) a a nd b

a ) A lt + E

b)C trl + I

c ) A lt + I

R ev eve rs rs in in g J o ou u rn rn al al

Op ptti on on al al Vo Vo uc uc h he e rs rs

M em em or or a an n du du m V ou ou c ch h er er s

R e l a t iv e

A b s o lu t e

C om p ou nd

m ix e d

a) c trl + F 7

b ) A lt + F 4

c ) ctrl + v

d ) A lt + O

a

a) GOT > Import data

b) GOT > Import Masters

c) GOT > Entry transaction


b

T a l ly V a u l t

T a l ly A u d i t

R e s to r e

Ba ck u p

All o f th e a bove

d

All o f th e a bove

c

The shortcut key of changing Accounts Invoice to Item Invoice is A management tool that enables 161 different views of our information 160

162

R ela tion be twee n 2 sim p le un its is

163 whic h bu tton is us ed for p ayro ll a uto fill 164 165

What is the procedure to import transaction from one to another company Keeping a copy of data in other m edia is termed as

d) Physical stock adjustment d) None of these Scenario management

166

C alcu la tor in tally is invo k ed by

A lt + P

C trl+P

C trl+N

C trl+S hift+N

167

Fo r Pa yroll Au to Fill You ca n Pre ss

a) C trl + F7

b ) A lt + F 7

c ) E i th e r ( a ) o r ( b )

d) none of These

168

To see the opening balance in trial balance you have to activate the option

a) Show opening balance

b) Show accomulated balance

c) Only opening balance

d) Opening balance only

169

Fo r m a nufa ctu rin g we h ave to cre ate

a) vo uch er type

b ) V o u c h e r c la s s

c) Eithe r a or b

d ) a a n d b b o th

170

VAT computation report can be view through

a) GOT > Display > Statutory report > VAT reports

b) GOT > Display > VAT computation

c) GOT > Day Book

d) GOT > vat reports > vat compution

Paym ent m od e

R e c ie p t m o d e

C on tra m ode

P urch as e

T ru e

FALSE

171 172

Depositing cash to SBI should be passed through We can maintain Both Cost centre &

Both B & C

d

e c c

None of the above All o f th e a bove

d c

a e ) N o t p o s s ib le

a a b

Sales

c a

174

175

176 177 178 179 180 181

Income Tax number of the Com pany w ilill a e ar ar i n w hi hic h re o rt rt? 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 ? To Shut an opened Company the shortcut is How to switch between opened Companies? To change Current Date from Gateway of Tally press the key Party Party account account can be be create created d throug through h Outstanding Expenses group comes under Tally can warn on negative balance of Cash.

1 8 2 T o d e f in e a C r i t e r ia o n a R e p o r t p r e s s


ONLINE_EXAMINATION_QUESTION Account Confirmation P r o f it a n d L o s s Statement

Reminder Letter

c

31 st D e c 2 00 6

3 1st Ma rch 20 06

3 1s t D ec em b er 2 00 5

N o ne of th es e

b

A lt + F 1

S h if t + F 1

C trl + F 1


a

A lt + F 3

F1

F3

F2

F1

F9

F5

F2

Group creation window

Ledger creation window

Inventory creation window

C urren t As se ts

In ve stm ents

Lo an s (L ia bility)

T ru e

F a ls e

A lt + F 1 1

A lt + F 1 2

C trl + F1 1

Any one of them Current Liabilities

C trl + F3

c d

N o ne of th es e

b d a

C trl + F1 2

b

183

Which ledger in Tally maintains Inve Invent ntor or ?

S to c k i n H a n d

C los in g Sto ck

N o le d g e r i s t h e r e

184

To activate Price List how many options from F11 should be turned on?

4

3

1

2

d

185

Sto ck ck Jo Jou rn rna l m od ode is is us used fo for

Manufacturing of stock

Any sort of Stock adjustment

Ba d D e bts ad jus tm e nts


b

186 187 188 189

To prepare Manufacturing Voucher you have to depend on Which option is mandatory to make a Manufacturing Journal? To set predefined billing terms we need

Sto ck J ou rna l

Sales

Purc ha se

Any one of them

Make Optional as default

Prefill with Zero

Use as a Manufacturing Journal


c

V ouc he r T ype s


P r ic e L is t

N o ne of th es e

b

S p li t C o m p a n y m e a n s

Splittin g o f le dg ers

Sp littin g o f item s

Splitting of accounting eriods


c

T ru e

F a ls e

Purc ha se ac co unt

S a le s a c c o u n t

T ru e

F a ls e

We can pass Contra entry through F6 without any changes in Configration (F12) 191 In p u t v a t l e d g e r s h o u l d b e u n d e r Shut down a company means to delete 192 190

c

N o ne of th es e

a

b D uties & ta xe s

C u rre nt Ass ets

c b

194

T o e nte r Vou ch er c ho os e

To switch to Payment mode of voucher press Set / Modify other Company Features 196 option should be turned ON to avail Price List. 195

197 198 199 200 201 202 203

Ph ys ica l St Stoc k o op ptio n is is u us s ed To save a Voucher from any position ress Audit features are available without enable the Securit Securit Control Tax paid on Capital goods ledger should be under the group To ch an ge the vou che r da te pre ss At the time of ledger creation the shortcut to modify online Group / Subgroup is To transfer the amount from Main Cash to Petty Cash you have to use

Company Info >Voucher Entries

ONLINE_EXAMINATION_QUESTION Gateway of Tally > Gateway of Tally > Accounting Vouchers Voucher Entry F6

N o n e o f th e s e F7

b

F4

F5


b

T ru e

F a ls e

to transfer stock from one godown to another

to cancel a Sale / Purchase entry

to increase / decrease stock without affecting accounts


c

F4

C trl + U

C trl + A

C trl + V

c

T ru e

F a ls e

Fixe d a ss ets

C u rrent liab ilities

M is c Ex p( As se ts)

Su nd ry D eb tors

A lt + F 1

A lt + F 2

F3

F1

N o ne of th es e

e

Alt + C

Alt + D

In s e r t k e y

C trl + En ter


d

Paym ent m od e

R ec eipt m od e

C on tra m ode

N o ne of th es e

c

a

b c

204

To transfer the amount from one Bank to another mode of voucher will be

C on tra m ode

Paym ent m od e

R ec eipt m ode

N o ne of th es e

a

205

W e ca n a dd Pre fix and Su ffix to

V ouc he r m od e


V ouc he r N um b er

Vo uch er T ype

c

Gateway of Tally > Gateway of Tally > Gateway of Tally > Display > Statements Display > Statements of Display > Exception of Accounts > N o n e o f th e s e Accounts > Outstanding > Reports > Debtors Outstanding > Debtors Receivables

b

206

To display Outstanding report for Debtors select

To switch between Accounts Voucher to Invent Inventor or Voucher Voucher ress To invoke Memorandum voucher 208 press Simple & Compound Interest are same 209 in Tally To pass Sales order entry turn on the 210 207

F11

F12

F1

F2

F10

A lt + F 1 0

C trl + F1 0

N o ne of th es e

T ru e

F a ls e

Allow 0 valued

Allow sales order

N o ne of th es e

c c b

Both A & B

Tracking

c

212 Stoc k Jo urn al vo uc he r ca n b e u se d fo r 213 214

215 216 217

S u s p e n s e A / c i n T a ll y f a ll s u n d e r To display net balances of the account group / subgroup instead of debit and credit balances in separate columns we will activateDuring voucher entry Date can be changed. To switch to Receipt mode of voucher ress To convert a Purchase entry from Invoice mode to Voucher mode use

Sto ck tra nfe r

ONLINE_EXAMINATION_QUESTION M an ufa ctu rin g e ntry Go od s p urc has ed

Bo th A & B

Both A & C

d

As se ts


In c o m e s

Ex pe ns es

b

Net Debit / Credit Balances for Reporting

Group behaves like a Sub-Ledger

U s ed for C alcu la tio n

N o ne of th es e

a

T ru e

F a ls e

F4

F5

F6

F7


c

C trl + V

F8

A lt + V

F9

N o ne of th es e

a

a

218

Ba d D e bts are rec ord ed thro ug h

C on tra m ode

Jo urn al m od e

R ec eipt m ode

219

T o cre ate D up licate vou ch er p res s

A lt + F 2

C trl + F2

Alt + 2

220

To maintain Godown with Inventory turn on the option

Maintain Locations in F11

Use Godowns in F12

Maintain Multiple Godowns in F11

T a l ly V a u l t

T a l ly A u d i t f e a t u r e

A u d i t T r a il

T ru e

F a ls e

C a s h in H a n d

C a p it a l A c c o u n t

T ru e

F a ls e

a

T ru e

F a ls e

a

Quantities of stock items F10 Inve stm e nts

Stock available in Godown A lt + F 1 0 L i a b il i t i e s

Rate declared during O e nin Stoc k C trl + F1 0 C u rren t Ass ets

Ins ert k ey

C trl + C

L edg er C re ation

G ro up C rea tio n

221

222 223 224 225

Modifications / alterations if any done by the user in the entries of a Company to trace out them you have to use Tally supports online Group creation during creation of Ledger. Find out which is not a Default ledger in Tally. A Primary Group can be defined by the user. Before taking printout print preview can be viewed in Tally.

226

P r ic e L is t is b a s e d o n

227 228

T o invo k e R e ve rsing Jo urna l pre ss Pa ten t ac co un t falls un de r At the time of ledger creation the shortcut to create online Group / Subgroup is We can give opening balances to the ledger accounts at the time of

229 230

Pa ym e nt m ode

N o ne of th es e

C trl + 2 Use Multiple Locations in F12 Any one of them

b c c

N o ne of th es e

b

a P r o f it & L o s s

N o ne of th es e

b


a

N o ne of th es e N o n e o f th e s e

a d

A lt + C

C trl + En ter

c

Vo uc he r Entry


a

231

232 233 234 234 235 236 237 238 239

Gateway of Tally > ONLINE_EXAMINATION_QUESTION Gateway of Gateway of Tally > Inventory Info > Gateway of Tally > Tally > H ow to c rea te g od own s? Inventory Info > Stock Stock Items > Inventory Info > Godowns Inventory Info > Items > Godowns Location Locations To suppress ledger break-ups for a Net Debit / Credit Group behaves like group within report the option should Balances for U se d for calcu la tio n. N o n e o f th e s e subledger. be activated in group is reporting. During Voucher entry Date field can be Company Company Features Gateway of Tally > Hide N o n e o f th e s e skipped by manipulating Configuration window Date Gateway of Tally > Gateway of Tally > Company Info > Ratio To see see the the Rati Ratio o Anal Analy ysis sis choo choose se N o n e o f th e s e D is la > Ra Ratio Ratio Ratio Anal Anal sis sis A na na l s is is Fu ll form of BO M is Bills o f Mo nth B i l l o f M a te r i a l B atc h o f Ma terial N o ne of th es e The Discount column in Price List C a s h D is c o u n t T r a d e D is c o u n t S p e c i a l D is c o u n t N o ne of th es e implies Group Company option can be worked an opened more than one opened B o th N o ne of th es e for company company We can take Backup of a Com pany Company Info > Gateway of Tally > Display > Backup N o n e o f th e s e through Backup Backup To activate Auto Value Calculator A lt + A Alt + F A lt + C N o ne of th es e press

240 To pa ss revers in g j ourn al en try pr pres s

F10

C trl + F 10

To create ledger in multiple modes Go 241 to -- Gateway of tally -> Accounts info C rea te A l te r > Ledger -> To Select an existing company the Gateway of Tally Company Info >Select 242 way you should follow >Company Company The way to Shut any opened Company Gateway of Tally > Company Info > Shut 243 is Shut Company Configuration menu invoked by 244 F12 F11 pressing Multiple Ledger creation mode does 245 not allow to define Bill details against a T ru e F a ls e party account. Maintain Billwise 246 To keep keep b bill ill detail details s for for a part party y choose choose Ma in tain Bill D e tails Breakups By default Nature of Group for Branch 247 As se ts L i a b il i t i e s / Divisio ns is To purchase Fixed Assets through

Allow Expenses / Fixed Assets in

Allow Expenses / Fixed Assets in

c

b a b b b b a c

A lt + F 1 0

F9

N o ne of th es e

a

M ultip le cre atio n

D is p l a y

Company Info > Company Company Info > Close Company

Any one of them

N o ne of th es e

b

A and B

B a nd C

b

A lt + F 1 1

C trl + F1 2


a

c

b M a i n t a i n B i l l w i s e D e ta i l s

N o ne of th es e

c

In c o m e s

Ex pe ns es

b

Allow Expenses / Fixed

249 250

Bank Interest received will be passed th rou h During voucher entry existing ledger can be modified.

251

A Vo uc he r T ype s c an be cre ate d

252

To declare Price List for a product choose

We can Modify an existing Company from What is the key combination to change 254 the financial year an existing Company ? 253

C on tra m ode

ONLINE_EXAMINATION_QUESTION Jo urn al m od e R ec eipt m ode

T ru e

F a ls e

fro m sc sc ratc h

based on existing voucher type

N o ne of th es e

b

Gateway of Tally > Display > Price List


b

Company Info > Alter Gateway of Tally > Modify N o n e o f th e s e Company Company

a

A lt + F 1

C trl + F 2

C trl + F1

Gateway of Tally > Accounts Info > Ledgers > Create

Gateway of Tally > Accounts Info > Ledgers > Display



Capital Account with Debit balance

Capital Account with Credit balance

Profit and Loss with Credit balance

To see existing ledgers of a Company choose

256

Drawings account will be assigned with Profit and Loss with the group Debit balance

c a

A lt + F 2

255

N o ne of th es e

E ith er A or B

Gateway of Tally > Gateway of Tally > Masters > Inventory Inventory Info > Price Info > Price List List Company Info > Alter

Pa ym e nt m ode


a

b

N o ne of th es e

257

D uring vouc he r en try we we m a y c re ate

O n li n e l e d g e r

O n li n e G r o u p

O nline C os t C e ntre

A a nd C

258

T o get de tail re po rt form a t p res s To pass the Delivery Note return you need

A lt + 1

A lt + F 1

Alt + 2

A lt + F 2

R eje ction In

R eje ction O ut

C re dit N ote

D e bit N ote


a

N o ne of th es e

b

259

A l l o f th e s e

b

e b

260

C r e d i t N o t e i s a s s o c i a t e d w i th


Sales R etu rn

P u r c h a s e C h a ll a n

Purchase Return

261

Vo uch er C las s c an be us ed

to define a new voucher type

to define a group of ledgers

to allocate ledgers with a voucher type


c

F8

F6

F2

A lt + w

b

A l t + In s e r t

C trl+M

C trl + N

C trl + C

N o ne of th es e

c

A lt + P

C trl + P

A lt + T

C trl + T


d

We can see the daily break-up report in cash cash boo book k b ress ress To invoke Calculator anywhere in Tally 263 ress To convert any voucher to Post Dated 264 press 262

265

To display Outstanding report for

Gateway of Tally > Gateway of Tally > Display > Statements Display > Exception of Accounts >

Gateway of Tally > Display > Statements of


b

266

A Bill can be formed without Order and Challan.

T ru e

267

Use Rejection Notes option can be used

to cancel any Sale

to cancel any Purchase

to Reject any Sold good

to Scrap any good from godown

R eje ction In

R eje ction O ut

C re dit N ote

D e bit N ote


b

C h a ll a n n u m b e r P u r c h a s e R e tu r n T ru e C trl + P

O rd e r n u m b e r Sales R etu rn F a ls e A lt + P

B il l n u m b e r P u r c h a s e C h a ll a n

All of the se S a l e s C h a ll a n

N o ne of th es e N o ne of th es e

A lt + E

A lt + R

a a a b

C rea te

D is p l a y

A lt e r

N on e o f T hes e

c

A lt + G

A lt + B

A lt + T

C trl + B

b

T ru e

F a ls e

A l t + In s e r t

Alt + C

C trl + R

Alt + C trl + R

S c e n a r io s

L is t of Acc oun ts

E xce ption R ep orts

N o ne of th es e

To feed Free quantities of goods during 278 Sales / Purchase turn on the option

Allow Invoicing

Use different Actual & Billed Qty

Allow 0 (zero) valued entries in Vouchers

Separate Discount column on Invoices

N o ne of th es e

b

279

Optional voucher can be converted into regular voucher by click on

R e g u l a r b u tt o n

R e g u la r v o u c h e r

R eg ular d ate

R e gular n o

O p tio na l

a

280

Un co co nv nven titio na na l vou ch ch er er m ea ean s

Acc ou ou nt nting vouc he he r

Inve nt nto ry ry vouc he he r

N on on ac co cou nt nting vou ch che rs rs

Banking voucher

C ontra vou ch er

c


D a y Bo ok

N o n e o f th e m

c


a


c

268 269 270 271 272 273 274 275 276 277

281 282 283 284 285 286

To pass the Receipt Note return choose T rac k in g N u m be r is u sed to k ee p D eb it N ote is as so cia te d with A B u d g e t c a n b e s e t w i th a L e d g e r . T o rin t th e re o rt re ss To modify any ledger balance go to Account Account info info -> -> Led er -> -> T o se e th e B ud get va ria nc e p ress Single Entry mode is available for Sales and Purchase entries. At the time time of voucher entry to repeat the previous narration pressPost Dated entries can be viewed through

Which is not a Final Report of a B a la n c e S h e e t Company? A Company can be Restored through a Company Info > Backup from Restore Net Debit / Credit Balances for does not allow any Reporting option of a Group credit balance During the declaration of a group C trl + En ter parent group can be changed using T o Re co nc ile a Ban k e ntry pre ss F3 To work with Track Additional Cost of V ouc he r m od e Purchase you need Gateway of Tally >


a c

b N o ne of th es e

c c

does not allow any debit balance

Gateway of Tally > Restore shows the accumulated balance

Alt + E nte r

E n te r

N o t p o s s ib le

a

F4

F5

F6

c


Bo th

N o ne of th es e

a

Company Info > Split

Gateway of Tally >

Display > Restore

2 88 289 290 291 292

V A T T IN s t a n d s f o r Is it possible to change password of Tally Vault for a Company already assigned with such password? Income (Indirect) is the alias of which account group ? Deferred Revenue Expenditure group falls under Existing Voucher Type can be modified.

Tax indian notifiacation

ONLINE_EXAMINATION_QUESTION Tax Payers Tax input number identification number

Ye s

No

In co m e


In dire ct Inc om e

N o ne of th es e

B r a n c h / D iv is i o n s

In direc t Ex pen se s


Miscellaneous Expenses

T ru e

F a ls e Company Info > Trial Balance

W e c an cre ate the C os t C en tres for

N on Re venu e Item s

Bo th

2 95

B O M S ta n d s f o r

Ba se of m a te rials

Bill o f m ate ria ls

B i l l o f m a tt e r

2 96

Alt + N k ey is use d fo r

297

To Delete Delete a Compan Company y you should should opt

C a l c u l a to r Gateway of Tally > Delete Company

P r in t Company Info > Delete Company

F12

2 94

A ledger may get declaration space for its its Alias Alias thro throu u h To switch to Contra mode of voucher 299 ress How many default ledgers are provided 300 by Tally? 3 01 P r ic e L is t i s a p p li c a b l e i n c a s e o f 298

c N o ne of th es e

d a

Gateway of Tally >Trial Balance

To se ee e th e T ri ria l B al al an an c ce e ch ho o os os e

b a

Gateway of Tally > Display > Trial Balance R e v e n u e It e m s

2 93 93

Tax Inter State Number


a c

Ex port the da ta

N o ne of th es e Bill of management Ba ck u p

C o m p a n y I n f o > A l te r

N o m e o f th e s e

c

F11

A lt + F 1

A lt + F 2

a

F4

F5

F6

F7

4

2

0

1

D elivery N o te


Pu rch ase O rde r

Purc ha ses

b N o n e o f th e s e


e

a b a

3 02

T o m a k e an Op tio na l vo uch er pr pres s

A lt + L

C trl + L

Sh ift + C trl + L

Alt + C trl + L

N o ne of th es e

b

303 303

To avai availl Budg Budget et turn turn on the the opt optio ion n


A llllo w In v vo o ic ic in in g

A llll ow ow O rd rd er er p ro ro c ce es ss s in in g

Maintain Budgets and Control

N o ne of th es e

d

Actual Company will be divided into two parts.

Actual Company will remain unchanged and other two companies will be generated.

N o ne of th es e

d

304

If a Company has splitted on 1-Sep2004 then what will will happen with the Company?

Company data till Company data will be 31-Aug-2004 will be shifted to a new deleted Company

ONLINE_EXAMINATION_QUESTION Fixe d A sse ts In direc t Exp en se s

306

D ep reciation le dg er fa lls u nd er

In dir ect Inc om e s

307

Budget activation option is available under

F12

F11

308

A B u d g e t c a n n o t b e s e t w i th a G r o u p .

T ru e

F a ls e

309

In tere st c an be de fin ed ag ain st In Tally Simple and Compoun d Interest can be charged. Input tax credit will be available when the oods are urchased from

C o st C e ntre

G ro u p

T ru e

F a ls e

R eg is ter D e ale r

W h o le s e l le r

R e taile r


Company Info menu



R e se rve an d S urplus

R s 10 00 0 Set expiry date for batches

R s 5 0 000

Unregister dealer Company Alteration window Capital Reserve N o lim itation

M a nufa ctu rin g d ate

B o th A & B

310 311 312 313 314 315 316 317 318 319 320 321 322

Invoice format for Sales / Purchases can be turned ON from

Retained Earnings is the alias of which R e taile r account group ? T he lim ita tio n for Bu dg et a m ou nt is R s 5 000 To use the expiry date for stock item Maintain batch wise turn on the option details In Journal voucher Cash / Bank entry T ru e is possible. T o C an cel a vo uc he r re ss A lt + 2 The voucher that are used in Scenarios O ption al vouc he r m an an a e me me nt nt Memo voucher can be viewed by Me m o E ntry Display -> Exception Report -> A l t + F 9 k e y is u s e d f o r Purc ha se ord er Fu ll form o f BO M Billing of M ainta in t Split Company and Group Company Ye s are not the same

C o m pa ny Alte ration

D ire ct Inc om e s

c

C om p an y In fo

b b

Le dg er


c a a N o ne of th es e

c c d d

F a ls e

a

C trl + D

A lt + D

Alt + X

R eversing jo urna l

Po st d ate d vou ch er

Bo th A & B

M em o R e gis te r

M em o rand um Vou ch ers

M em o Acc ou nt

c

Sales ord er Bill of M ate ria l

P u r c h a s e c h a l la n B illin g of M ate ria l

S a le s c h a l la n N o ne

c b

No

d N o n e o f th e s e

d

a

323

Sh Sh ort C u t k e y to pu t th e Vo uc he r D ate

F2

F3

F6

N o ne

a

324

W ha ha t is th e fu ll form o off T D S ?

Terms Deducted from Sales

Tax deducted from Sales

Tax Demated From Sales

Tax deducted at Source

d

P re s s D Y

Pres s D B

Pres s D D

Pre ss D S

c

Qu ality

C o st

Q ua ntity


c

Acc ou nts In fo


Bo th A & B

N o t A v a il a b l e

a

C trl+F 10

F10

C trl+F 8

C trl+F9

a

325 T h e H o t Ke y for - D isp la y D a ybo ok s - is 326 327 328

Reorder Level is a ___________ for stock item. Bud ge t op tio n is availa ble in The shortcut key used for

330

Is it possible to calculate tax on current sub-total ?

T ru e

331

In case of Date Setting is there any difference between F2 & Alt + F2 k ey ?

Ye s

No

332

If the Company starts from1st April 05 the books beginning from will be

1 /4 /2 0 0 5

31/03/20 05

2/4/2 005

no credit side in the entry

no amount in the entry

No entries in voucher this message no debit side in the comes when there is entry Splitting of a company is not possible in 334 TRUE Tally 333

3 35 336 337 338 339 340 341 342 343 344 345 346 347 348

Sh ort c ut fo r D eletion of Sale s orde r For a new Bill raised by us or raised on us by our supplier we use We can pass the manufacturing entry through stock journal Wha t is the shortcut key to delete a Budget ? What is the hot key to open an Account Accountin in Voucher Voucher ? Which key will be used to choose for Reversi Reversin n Journal Journal ? For Purchase & Sales Ledgers Inventory values are affected - option must be YES While pressing Alt + F2 in the Gateway of Tally it will The shortcut key used to change the Voucher Date Is it necessary to create at least one item item for for maintain maintainin in rice rice List List The Option - Use Tracking Numbers is used for. Sale Bill and Purchase Bill can be entered only in Manufacturing Entry should be passed through Shortcut key for Cancellation of


a a It can be any date after 31 / 3 / 2005 no date in the entry

d c

FALSE

b None of the above None of the above

A lt + P

Shif t+S

Alt+D

C rtl+D

c

A gains t R ef

N ew R e f

O n Ac co un t

Advan ce

T ru e

F a ls e

Alt+B

Alt+D

Alt+C

N o ne

b

Pres s - V

Pres s - A

Pre ss - D

N o ne

a

F1 0 Ke y

F8 Ke y

F9 Ke y

F4 Key

a

T ru e

F a ls e

Change Current date

Change Reporting period

Change Accounting period


c

F4

F5

F2

F7

c

T ru e

F a ls e


P u r c h a s e C h a l la n

Pu rch ase O rde r

S a le s O r d e r

V ouc he r m od e


Bo th A & B

N o ne of th es e

O ption al Jo urn al

Stoc k J rn l

Ph ysica l Stock

Bo th A & B

A lt + 2

A lt + X

C trl + 2


b a

a

a B oth A & B

e c

N o ne of th es e

b b


349

There is no difference between Cancellation and Deletion of Voucher ?

T ru e

3 50

In ri ric e lis t we sh ow

T r a d e D is c o i u n t

C ash disc ou nt

b o th a & b


a

351

The shortcut to switch from accounting voucher to inventory voucher

F2

F1

CTRL + V

A LT + F1

b

3 52

C a n we zoo m a ny re po rts in tally ?

yes

no

a

353

Opening Stock and Closing Stock both can be viewed through stock summary

T ru e

F a ls e

a

3 54

Fu ll form of C ST

3 55

D e b i t N o te m e a n s S a l e s R e t u r n Is it possible to assign Multiple Price levels for Invoicing ? Is it possible to record Post-Dated Cash or Bank Transaction? Is it Compulsory to activate Maintain Balances Bill by Bill for S.Debtors & S.Creditors for maintaining billwise b re rea ku ku ?

356 357

358

C en tral Servic e T ax C e ntra l Su rch arg e T a x

C e ntra l Sa le s T a x

b

N o ne

c

Ye s

No

b

Ye s

No

a

Ye s

No

a

Ye s

No

a Current Voucher No. In both of A and B

3 59

C trl + N is is th e k ey to a ctiva te

Vo uc her Entry

Sto ck En try

C a lc ulato r

3 60

Vo uc he r T ype op tio n is availa ble in

A c c o u n t In f o

In ventory Info

N o t a va ilable

C trl + N

Alt + C

B o th A & B

T ru e

F a ls e

a

T ru e

F a ls e

b

Cash-Bank Transaction

Pa rty P aym e nt

Party R ec eip t

Adju stm en t

a

To Invoke a Calculator on the Voucher Entry Screen Can we use Cash Account in Journal 362 mode ? Cost Category is essential to prepare 363 Cost Centre. 361

3 64 365 366 3 67

C o ntra m od e is use d fo r

C trl + M

c d c

The Option where the Administrator can set up User and Password is known as To enter voucher number manually in tally we should modify

T a l ly V a u l t


T a ll y A u d i t

Proxy Configuration

b


fe atu re wind ow

vo uc he r type

vouc he r clas s

c

T o vie w a hid de n vo uch er we will us e

alt + r

alt + s

ctrl + r

n on e o f the se

b

Document re numbering is possible in Tall How to edit a Ledger during a Voucher 370 E ntr ? 369

a ) T rue

ONLINE_EXAMINATION_QUESTION b ) False

Alt+Spa ce Ba r

A lt + T a b

C trl+En ter

N o ne

c

1

a

371

How many types of Interest Styles are available during Interest calculation

4

3

2

3 72

D e bit N o te vou ch ers ca n b e u se d for

Sales R etu rn

S a le s O r d e r

Purc ha se R etu rn

T ru e

F a ls e

Display -Trial Balance

Display - Accounts Book - Cash Bank Book(s)

Is it possible to maintain Income and 373 Expenditure Stmt instead of P / L A / c ? 3 74 74 375 376 377 378

379

380

381 3 82 383 384 385

Bu dg dg et et re re po po rt rt c ca a n b e see n fro m

b

Income and expenditure statement is yes available in tally To switch from on e inventory report to F1 another inventory report we use Can we Create two Company having yes same name ? To get the option Enter address for F1 2 Ke y godowns press If voucher numbering scheme is changed from automatic to manual yes then a message will come for duplicate voucher number If you want to change the view of voucher entry screen from Dr Cr mode company features to To By mode use Is it possible to import transactions from one company to another company yes in ta ta llll ? C h a ll a n is p r e p a r e d b e f o r e o rder Through which configuration we can F11 activate Dr / Cr instead of To / By ? The Option Accounts-with-Inventory is Fin an cia l Acc ts used to maintain The shortcut key used for Online C trl + En ter Modification

R e jec tio n Ou t

a Display - Statement Of Accounts

Bo th A & B

no F10

F9


d

c a

F1 0 Ke y

n on e o f the se

no


N o ne of th es e

a

no F1 1 Ke y

c

a

a

g ate wa y of tally

c o m p a n y in f o

no

b

a

q uo tation

i n v o ic e

r e tu r n

c

F12

A lt + F 3

N o ne

b

Inven tory Acc ts

Bo th A & B

N o ne of th es e

c

Sh ift + Ente r

C trl + A

C trl + Q

a

The shortcut key used to activate c om om an fe at atu re res The shortcut to open Payment Voucher 388 Mode . The option - Track Additional cost of 389 Purchase - is used in 387

F11

ONLINE_EXAMINATION_QUESTION F12 F9

F8

a

P re s s F 5

Pres s F6

P ress F8

Pre ss F9

a

Sales

Purc ha se

Party R ec eip t

Pa rty Pa ym en t

b

T ru e

F a ls e

D elivery N o te


P urch as e N o te

S a l e s N o te

A lt + F 1

A lt + F 2

A lt + F 3

A lt + F 4

c

C trl + T

C trl + A

C trl + O

C trl + L

d

C tlr + N

Alt + 2

A lt + V

C trl + S

T ru e

F a ls e

s toc k jo jo urn al

a new voucher type based on stock journal

p hys ic al sto ck

bo th a & b

a l l o f th e s e

d

3 9 7 A ll o w a li a s e s o op ptio n is as so cia ted with

s toc k item s

sto ck grou p

led ge r na m e

le d g e r g r o u p

all o f th ese

e

Is it possible to import transactions 398 from one company to another company without importing the masters ?

yes

no

390 391 392 393 3 94 395 3 96

Is it possible to see the vouchers which have been already Reconciled ? Goods received on account of urchase is related with The shortcut used to find Security Control The shortcut key used for Optional Vouchers Sh ortc ut for Bu dg et Va ria nc e User can print Reminder Letter for the Party from Tally 7.2 Ma nu fac turin g ca ca n be be do done th th roug h

a N o ne of th es e

A lt + B

b

e a

b

399

Life insurance premium of proprietor is treated as

in d i r e c t e x p

d rawing s

400

Can we view both Opening Balance and Closing Balance in Trial Balance ?

yes

no

a

yes

no

b

401 402

Can we see Closing Stock through Trial Balance ? For interest calculation which of the option in F11should be marked

403

To get cash ledger in Journal mode one should mark

4 04

P urch as e o rde r in tally C om e s b y

maintain Billwise Details Allow cash accounts in journal in F12 A lt + P

Allow multicrrency Allo Allow w multi multicr crre rency ncy C trl+P

d ir e c t e x p


i n d ir e c t i n c o m e

Maintain stock categories Alllow cash Invo Invoic ice e for for capi capita tall Goods Goods accounts in Journal Alt+R A l t +O

b

E n a b le T D S

c

None of the above

d

N o ne of th es e

e

Contra mode is related to Bank and Cash transaction. Is it possible to pass Cash / Bank entry 407 thro throu u h Jour Journal nal Entr Entr mode mode ? 406

Ye s

ONLINE_EXAMINATION_QUESTION No

a

Ye s

No

a b

408

Optional / Memo / Reversing Journal is effected in Financial Account

Ye s

No

409

By default Profit & Loss A / c is created under which Group ?

C a p i ta l

R e se rve & Su rplu s

P r im a r y

P r o f it & L o s s .

c

4 10

W e c a n i m p o rt

L ed ge r

C o s t C e n te r

Gro up

All of the ab ove

d

4 11

M a n u f a c tu r i n g J o u r n a l i s a During Debit Note entry Purchase Account is to be

D o c u m e n t C la s s


M a n u f a c tu r i n g C l a s s

S a le s C l a s s

b

D e b i te d

C red ite d

W ill n ot co m e into effe ct

N o ne

b

W e c an m ainta in ou r bo ok s as


Accounts with Inventory

Acc rua l Ba sis

Bo th A & B

T ru e

F a ls e

1 perc en t

4 pe rcen t

T ru e

F a ls e

a

Ye s

No

b

F6

F4

T ru e

F a ls e

7

9

8

10

c

Inventory vouchers without any value

Fre e g oo ds

b o th a & b

d

a l ha ha n um eric

text

All of the se

d

o nly in ve nto ry

on ly ac cou nts

n o e ffec t

a

alt + s

ctrl + r


a

M axim u m R eta il Pric e

N o ne

c

412 4 13

4 24

We can m aintain aintain more than one user & passward in tally Machine purchased for production of goods the VAT rate will be We can Modify Delete and Alter Alter a Voucher Entry from Display Daybooks option If we select - Accounts Only - feature can we maintain stock item ? The shortcut key used for Bank Reconciliation. Formal name of any unit should be different from Symbol name How many types of Costing Method are found in Tally ? Allow 0 valued entries in voucher option is set to Yes when we need to pass Vou ch er n um b er in ta ll c an be in When goods are destroyed by fire there is an effect in T o h i d e a v o u c h e r w e w il l u s e

4 25

M R P s ta n d s f o r

414 415 416 417 418 419 420 421 4 22 423

Accounting vouchers without any value nu m eric both accounts & inventory alt + r

M ateria l R eta il Pric e M in im u m R etail Price

N one

d a

20 pe rce nt

F5

1 2.5 pe rc en t

F2

n il

b

c a

Can any user make voucher entry 427 whose monetary transaction value is 0 ? What do you mean by the term - Alias 428 ? The shortcut key used for Post Dated 429 Voucher

T ru e


a

Altern ate na m e

N ic k N a m e

Sh ort N a m e

All of the se

d

C trl + L

C trl + T

C trl + A

C trl + En ter

b

Enter Bill No. Manually

Bill No Will Be Generated Automatically

B ill N o . Is N ot N e ed ed


b

4 3 1 C a n w e u s e e x p ir e d b a t c h e s f o r s a l e ?

yes

no

a

432

Is there any effect in accounts if goods are destroyed by fire ?

yes

no

a

4 33

A T ax in vo ic e is a

T D S in vo ic e


434

In purchase bill we caN GIVE Tracking Number

TRUE

FALSE

Sho rtna m e

Full n am e

Ad dres s

N o ne

a

S a le s V o u c h e r

Pu rch as e Vo uc he r

Pa ym en t Vo uc her

Receipt Voucher

a

A c tu a l L e v e l

Sto ck Verif ic atio n

R e o rd e r L e v e l

Vo uch er C las s

G en era l Ex pe ns es

O ff i c e E x p e n s e s

R even ue Exp en ses

Deferred Revenue Expenditures

d

A lt + F 1

A lt + F 3

B o th A & B

A lt + F 2

c

T ru e

F a ls e

a lt + x

c trl + q

430

Use defaults for bill allocation this option is used to

4 35 W ha t is th e fu nc tio n o f alia s in M a ste r ? The option - Separate Discount Column on Invoices - is available in Discrepancy between Actual stock and 437 Com uter uter stock stock is is termed termed as as 436

438

Miscellaneous Expenses group is related with

The shortcut key used to create a New Company Cash Discount can be allowed in credit 440 bill 439

4 41 To To exit fro m an y vou ch er th e s ho rtcu t is

A V AT AT c o om m pl pl ai ai nt nt in v vo o ic ic e

Ta ax x p oi oin t

None of the above

c b

Ph ysica l S toc k

e

b a lt + e

alt + y

b

442

We cannot keep e-mail address in Com Com an Crea Creati tion on Scre Screen en

T ru e

F a ls e

a

443

Can we create Online Ledgers during Voucher Entry in every mode ?

Ye s

No

a

444

To see the Balance Sheet in a detailed manner What is the Shortcut Key ?

A lt + F 2

F2

A lt + F 1

F12 (Configuration)

c

446 447 448 449 450 451

The Option - Allow Component List Datails (BOM) - is used for At the time of Sale Bill entry - Output Vat - is created created under which rou ? Can we maintain more than one unit of measurement ? To maintain batch details for stock item which Shortcut Key is used to activated the option ? Inventory values are affected option will be set Yes for for which which led led ers ? Goods delivered on account of Sale is related with

Purc has e

ONLINE_EXAMINATION_QUESTION Sales M a nufa ctu rin g C u rre nt Lia bitie s

Vo uch er C las s

c

D uties & T a xe s

d

D uty & T ax es

S a le s A c c o u n t

T ru e

F a ls e

F12

F11

F8

F9

Sales R etu rn

Sales

Purc ha se

Purchase Return

All o f th ese

e

S a l e s N o te


S a le s R e c e ip t N o t e

D e live ry N ote


d

N o ne of th es e

c

a

4 52

F 1 2 k e y is u s e d f o r

C o m p a n y D e l e t io n

C om p an y cre ation

C o m p a n y C o n f i g u a r a t io n

Company Features

453

Report of memorandum vouchers can be viewed through

Exc ep tio n re po rts

Sta tuto ry m a ste r

S to c k s u m m a r y


To set user name & To set user name & password for the password for the company but it will company but it will not show the name show the name of the of the company in company in Select Select Company Company List List

To set the password for the company To lock the period of the but it will not Company view the name of the company in Select Company List

b

a

4 54

T a ll y V a u l t p a s s w o r d is u s e d

455

Quantities of items be added option is is available while creating

le d g e r

s toc k item

456

There is no difference between allocate revenue & non-revenue items

T ru e

F a ls e

b

yes

no

a

U nit o f m es urem en t

G rou ps

yes

no

F2

F1

Can we mention narration against each 457 ledger while passing the voucher entry ? 4 58 459 460

c o m p o u n d u n i t i s a s s o c i a te d w i t h Is it possible to define item wise price list ? To switch from Invoice mode to Voucher mode we will use which

s to c k g r o u p

C o st c en tres

unit of measurement

Interest calulation

d

c

a a

CTRL + V

ALT +F1

c

462 463 464 465

To pass payment reciept voucher as contra the option be marked is Input vat credit on capital goods is available for maximum of What is the sh ortcut key to create a duplicate Voucher ? Stock Category is used for _____ ____ ___o f Stoc k item .

Allow cash ONLINE_EXAMINATION_QUESTION Allow payment as Allow reciept as contra in accounts in journal contra in F12 F12 in F12 30 monthly 35 month monthly ly install installment ment 34 month monthly ly install installment ment installment

Use Payment Reciept as Contra in F12 20 monthly installment

Alt+1

Alt+D

Alt+C

A lt+5

Adj us tm en t

C la ss ifica tio n

R e ctif ic atio n

N o ne of th es e

T o D e le te it

T o H i d e it


d


e

N one

e b

None of the above

466

T o shu t a C om p an y m e an s

T o O p e n it

T o C lo s e it

467

The function of an alternate unit is same as main unit

yes

no

468

To define the stock valuation method we will use which shortcut key ?

F11

F12

469

Standard Rates for Stock item can be given from

Use alternate unit for stock items in F12

Use Standard rates for Allow Std.rates for Stock stock item items

Allow alternative rates for stock items

D e f a u l t l e d g e r s i n t a ll y a r e

CASH A / C CAPITAL A / C & CLOSING STOCK A/C

CASH A / C & CASH A / C & PROFIT & CLOSING STOCK A / LOSS A / C C

NO DEFAULT LEDGERS ARE THERE.

c

470

To enter the effective date for vouchers we should modify the To remove a line from a report which 472 key we will use ? 473 C r e d i t N o t e m e a n s S a l e s R e tu r n Can any User convert the 474 Memorandam Voucher into Regular basis ? 471

475 476 477 478

Outstanding bill report can be seen from There are ________ types of Unit of measurements The shortcut used to find Group Company Is it necessary to give Chalan No in -

b b

A lt + F 3

n on e o f the se

b

None of the above

c

vou ch er e ntry

vo uc he r typ e

vo uc he r m od e

led ger

b

A lt+R

Alt+O

Alt+W

All of the se

a

Ye s

No

a

T ru e

F a ls e

a

Display - Inventory Books Outstandin

Display - Accounts Books - Outstanding

Display - Statement Of Accounts - Outstanding


c

1

2

3

4

b

A lt + F 1

A lt + F 2

A lt + F 3

A lt + F 4

c

T ru e

F a ls e

b

480

How many types of budgets are available ?

T wo

4 81

W e c a n S p li t C o m p a n y D a t a f o r

3 M o n th s

4 M on ths

4 82

T ru e

F a ls e

A lt + A

Alt + C

A lt + D

Alt + B

b

4 84

D a t a p a t h c a n b e c h a n g e d l a te r The shortcut key used for Online Creation T o in se rt a vo uc he r in D ay Boo k .

A lt + I

A lt + A

A lt + D

A lt + 2

a

4 85

T o D u plica te a Vo uc he r In Da y Bo ok

A lt + 2

A lt + X

A lt + A

Alt + I

a

4 86

Sh ortc ut k ey use d to ins ert a vouc he r

Alt + R

A lt + I

C trl + S


b

4 87

M e m o r a n d u m V o u c h e r is u s e d f o r

Sus pe nse Pa ym en t

Pa rty P aym e nt

Party R ec eip t


a

T ru e

F a ls e

Paym ent

Sales

Purc ha se

R e c e ip t

c

Acc ou nts In fo

In ventory Info

Bo th A & B

N o ne of th es e

b

483

ONLINE_EXAMINATION_QUESTION Fo ur T hre e 6 M on ths

One

a

all o f the ab ove

d a

Acc ou nts

In ve nto ry

Bo th A & B


c

4 92

Can we maintain different tax rate for different item ? The option - Rejection ou t - is used during G o do wn o ption is ava ila ble in The option - Integrate Accounts with Inventory - affects only P ric e L is t o tio n is availab le in

Acc ou nts In fo

In ventor Info

Acc ou ntin Vou ch ers

b

4 93

R eo rde r Le ve l o ption is ava ilable in

Acc ou nts In fo


B o th A & B

Bo th A & B Accounting Vouchers

494

User can maintain Predefined narration in Tally 7.2

T ru e

F a ls e

4 95

F 1 2 - K e y is a ls o k n o w n a s

Configuration window


Company Properties window

m an ufa ctu rin g

purc ha se

s a le s

s a le s r e t u r n

a

1 1 d ig its

1 0 d ig its

1 2 d ig its

15 digits

a

p urc ha se ra te

sa le s ra te

c lo s in g r a t e

bo th a & b

d

T ru e

F a ls e

s toc k item s

sto ck grou p

yes

no

s toc k item s

le d g e r

488 489 4 90 491

Allow componen ts list details (Bill Of Materials) this option is used for 4 97 V at T in n um b er c on sists of Allow standard rate for stock items this 498 o tion tion is used to ive Maintenance of batchwise inventory is 499 not ossible in tall 496

5 00

P art n um b er o ption is as so ciate d w ith

Is it possible to pass a payment entry in single entry mode ? 5 02 R eo rder leve l is re la ted with

501

a

b b a

b led ge r na m e

unit of measurement

a a

co st cen tres

go do wns

a

5 05

Sh ortc ut for T D S d ed uctio n in T a lly is

Ctrl+F10 is the shortcut for Memo Voucher Maintain Company data in encrypted 507 form and not to disclose our company name we use 506

5 08

T o sh ut a C o m pa ny

A lt+C

ONLINE_EXAMINATION_QUESTION A lt + S Alt+T

C trl+T

C trl+K

b

TRUE

FALSE

a

Sec urity c on trol

U s er Pa ss word

T a ll y V a u l t

A udit trial

None of the above

c

C lick on tas k ba r

Click On gateway of Tally

Click on Shift +N Button

Click On Alt+f1 button

None of the above

d

Ye s

No

a a

T ru e

F a ls e

5 11

We can maintain alternate Unit of Measurement Single mode of Voucher entry is ossible in Tall T ally 7.2 ca n b e u se d b y

S in g le U s e r

M ultip le U se r

B o th ( a ) & ( b )

N o ne

c

5 12

U O M s ta n d s f o r

U tility o f Ma terials

U nits of M ateria ls

U n it o f M e a s u r e m e n t

all o f the ab ove

c

As invoice Acct invoice

As voucher Item Invoice

Item IInvoice nvoice Acct invoice invoice

Acct Invoice As invoice

YES

NO NO

a

T ru e

F a ls e

b

T ru e

F a ls e

a

A lt + F 4

Alt+F2

509 510

513 Purchas Purchase e must be in in _______ ________ _ mode. mode. Is it possible to alter a Voucher Entry in the Display Daybooks Mode? Books beginning from is the end date 515 of Accou Account ntin in Year Year Expenses or Fixed Asset are allowed in 516 Purchase Vouchers ? Shortcut key used to see the report in 517 Detailed Format 514

518

User can print Confirmation of Statement of any ledger from T ally 7.2

T ru e

F a ls e

519

Why separate discount column is used ?

TRADE DISCOUNT IN SALES VOUCHER

TRADE DISCOUNT IN PURCHASE VOUCHER

5 20

B ill o f m ateria ls op tio n is rela te d with

s cen ario statements of accounts

m a n u f a c tu r i n g statements of inventory

521 To view view Reorder Reorder Status Status report report we u use se

A lt + F 5

Alt+F 1

N one

b

d a

TRADE DISCOUNT IN BOTH THE VOUCHERS

n on e o f the se

a

re ve rsing jou rna l

b ud ge t

b

inven tory boo k s

in ve nto ry in fo

b

522

Which k ey we will use to activate Company features ?

F11

F4

F6

F12

a

5 23

W o r k i n g C a p i ta l m e a n s

Fixed Assets Current Liabilities

Current Assets Current Liabilities

Current Liabilitites Current Assets


b

525 Stock Stock Report Report is not appear appearing ing because because 526 527 528 529 530 5 31

The shortcut key to activate Purchase Order How many types of Voucher Numbering are available in Voucher Types ? Does Purchase and Sales order affect stock position ? Can we modify the predefined Voucher Types ? To give any notes for aledger account is not possible F 11 in T ally re fers to

How many default ledgers are available in Tally ? Discount Allowed ledger is created 533 under _________ group What type of voucher Memorandum 534 voucher is ? Actual & Billed Quantity column may be 535 used in case of 532

ONLINE_EXAMINATION_QUESTION Inactivation of Allow Inactivation of Billwise Inactivation of Integrate Invoicing option Details option Accounts and Inventory


c

A lt + F 5

A lt + F 8

A lt + F 9

A lt + F 4

d

2

1

3

4

c

Ye s

No

b

yes

no

a

T ru e

FALSE

a

C om p an y d eta ils


Company features

Company ACCOUNTS

1

2

3

4

b

D i r e c t In c o m e

In dir ect Inc om e

In direc t Exp en se s

Direct Expenses

c

Optional

Non Conventional Voucher

R eg ular

N o ne Of T h es e

b

free go od s

tra de dis co un t

c a s h d is c o u n t

n on e o f the se

a

All o f th e a bove

c

5 36

T h e s ho rtcu t k e y ( Alt+F7 ) is us ed for

Stoc k J rnl

M an ufa ctu rin g J rnl

Ph ysica l Stock

Bo th A & B

d

537

The shortcut key used for Back Up and Restore data.

A lt + F 1

A lt + F 2

A lt + F 3

B o th A & C

d

538

Cost Cost Cent Centre re rep report ort can be be seen seen from from

Display-Trial Balance configuration window A lt + A

Dispalay - Accounts Book

Display - Statements Of Accounts

B o th A & B

c

f e a tu e s w i n d o w

vo uc he r type


a

Alt + 2

A lt + X

A lt + D

a

T ru e

F a ls e

To avoid warning against negative cash use 5 40 T o Ad d a vo uc he r in D a Boo k . Journal Voucher is used for Adjustment 541 and Rectification 5 42 Sh ortc ut k e y u se d to ad d a vou che r 539

A lt + A Display - Inventory 543 Stock Transfer Transfer report can be seen from from Books If you press Alt + C key in the amount Auto Generated 544 portion of any voucher then what will Amount

A lt + S Display - Statements of Inventory C alcu la tor o n

a A lt + W Display - Accounts Book O n line C urren cy Cre ation

A lt + C Display - Day Book N o n e o f th e s e

a a b

5 45

Pa ym en t is a n _ __ __ __ ___ __ _.

546

Group Company option comes in which window ?

5 47 T h e s ho rtcu t to repe at an ything in ta lly 548 549 5 50

Can we change the date format from dd-mm-yy to mm-dd-yy in tally ? Can we mention the voucher number for for each each ent entrr manu manual alll ? S toc k jo jo urna l can be be us us ed as as

To use Cash Bank accounts in Journal mode modif Is it possible to delete the main location 552 ? 551

5 53 53

C os os t c e en n tr tr e r e ep p or or t is av av a aii la la bl ble in in

5 54

Vat is im p os ed on 55 0 item s

ONLINE_EXAMINATION_QUESTION Acc ou nting vouc he r Inve nto ry vouc he r O ption al vo uc he r

Unconventional voucher

a

G a te w a y o f T a l l y

C o m p a n y in f o

Ac co un ts Bo ok

D a ybo ok

b

CTRL + T

C TR L + R

AL T + R

AL T + L

b

yes

no

a

yes

no

a

manufacturing voucher configuration window

tra nsfe r of m ate ria ls

bo th a & b

n on e o f the se

c

fe atu re wind ow

vo uc he r type

n on e o f the se

a

yes

no

statements of accounts TRUE

statements of inventory FALSE

5 55

V A T is C h a r g e d o n

C o s t p r ic e

S a l e p r ic e

556

Ctrl + F8 is the shortcut key for Debit Note

TRUE

FALSE

a) Output VAT A C Which one is the right VAT adjustment 557 Dr to Input VAT A C entry to Vat payable

b Accounts Book

Exception Report

a a

A s s e s s a b l e V a lu e

All of the ab ove

None of the above

c b

b) VAT payable A C Dr to Bank

c) Bank A C Dr to VAT payable

d) VAT payable A C Dr to Input VAT to Output VAT

a

5 58

Ad vanc e s alary ffa a ll s u n d e r

a) C u rre nt Ass ets

b ) D uties an d taxe s

c) Loans & advances( assets)

d) a an d c

d

559

How we can maintain pre defined cost center

a) F11 > Set modify other company features

b) F12 > Set modify other company features

c) F11 > Maintain cost center

d) a an d c

d

560

Costing method of an item in Tally can be maintained in

2 W a ys

3 w ays

4 wa ys

8 wa ys

Costing cannot be done

d

5 61

Sh ortc ut fo r cre dit no te in T ally is

C trl+C

Alt+C

C trl+F 8

A l t +O

All o f th e a bove

c

562

To adjust a previous reference we select

N ew R e f

Ad va nc e

Ags t R ef

On Ac cou nt

None of the above

c

ONLINE_EXAMINATION_QUESTION b) P aym e nt c ) C on tra

564

"""Cash withdrawal for personal use"" the entry should be passed through "

a ) R e c e ip t

565

Is it possible to pay differen t salary to an individual who fall under the same group where salary structure are same

a) Yes

b) No

a) c trl + v

b ) ctrl+ i

c) c trl + a

d) c trl + d

a

a ) alt + L

b ) ctrl + L

c ) ctrl + v

d ) A lt + O

b

a) c trl + F 7

b ) A lt + F 4

c ) ctrl + v

d ) A lt + O

a

a) Yes

b) No

a) F 12

b) F 11

c ) A lt + F 1 2

d ) C trl + F11

2 le d g e r s

n o le d g e r s

566 567 568 569 570

toggle button between voucher & invoice mode toggle button between optional & re ular ular vouch voucher er For auto calculation of payroll amount we have to ress Can we see income and expenses statement instead of profit or loss account You can press ______on payslip screen to change configuration

5 71

T a lly b yde fau lt p rovid es

5 le d g e r s

4 le d g e r s

572

It is mandatory To pass a purchase order before bill

TRUE

FALSE

D ) J ou rna l

b

a

a a None of the above

c b

Tally

Recommend Documents