Tally Exam Interview Questions and Answers
1. Tally
package is developed by
A. Peutronics C. Coral Softwares
B. Tally Solutions D.
Vedika Softwares
2. How many
type of companies can be created in Tally?
A. 2 B.
3 C. 4 D. 5
3. Which
menu appears after starting Tally for the first time?
A.
Gateway of Tally C.
Display
B.
Company Info D.
None of these
4. Which
shortcut key is pressed to go to company Info. Menu from Gateway of Tally?
A. Alt+F4 C. Alt+F1
B. Alt+f2 D. Alt+F3
5. Which key
is pressed to go to Gateway of Tally from company Info. Menu?
A. Ctrl C. Esc
B. Alt D. Enter
6. Which
option is used in Tally to make changes in created company?
A.
Select Company C.
Alter
B. Shut
Company D.
None of these
7. Which option from Company Info. menu
is selected to create a new Company in Tally?
A.
Company Create C. Create
B. Create Company D. New Company
8. Which
option is selected from Company Info Menu to divide company data into two
financial years?
A. Change Tally Vault C.
Split Company Data
B. Alter D.
New Company
9. Which
option is used to copy company’s data into pen drive or CD?
A. Backup C. Split Company Data
B. Restore D. Copy Data
10. Which
option is used to place data taken in pen drive or CD to Appropriate place in
Tally?
A. Backup C. Split Company Data
B. Restore D. None of these
11. Which
option is used to open company created in Tally?
A. Create Company C. Select Company
B. Alter D. Shut Company
12. Which
option is used in Tally to close opened Company?
A. Alter C. Create Company
B. Shut Company D. Select Company
13. Which shortcut
key is used to take print of any report in Tally?
A. Ctrl+P C.
Alt+P
B.
Shift+P D. Alt+Ctrl+P
14. Which
shortcut key is used to export data of any company in Microsoft Excel
spreadsheet or
in any
other company?
A.
Alt+P C. Alt+O
B.
Alt+E D. Alt+S
15. Which
shortcut key is used for Select Company in Tally?
A. F1 C. F3
B.
Alt+F1 D. Alt+F3
16. Which
shortcut key is used to shut opened company in Tally?
A. F1 C. F3
B.
Alt+F1 D. Alt+F3
17. Which
shortcut key is used to change current period in Tally?
A. F2 C.
F3
B.
Alt+F2 D. Alt+F3
18. Which
option is used to move from one company to another when more than one companies
are open?
A. Company Info. C.
Select Company
B. Shut
Company D. Company
19. Which
Shortcut key is pressed to create a new company in Tally?
A. F3 C. F2
B. Alt+F3 D. Alt+F2
20. Which
Shortcut key is pressed to view features in Tally?
A. F10 C. Alt+11
B. F11 D. F12
21. Which
shortcut key is used to view configure in Tally?
A. F10 C. F12
B. F11 D. Alt+F9
22. Which menu
is used to create new ledgers, groups and voucher types in Tally?
A. Reports C. Transactions
B. Import D. Masters
23. Which
submenu is used to create new ledgers, groups and voucher types in Tally?
A. Account Info. C. Accounting Vouchers
B. Inventory Info. D.
Inventory Vouchers
24. With how
many types ledger, group and voucher types can be created in Tally?
A. 2 B. 3 C. 4 D. 5
25. Which
submenu is used for voucher entry in Tally?
A. Vouchers C. Accounts Info.
B. Account Vouchers D. None
of these
26. Which
option is used to exit Tally?
A. Exit C. Quit
B. Close D. Shut Company
27. Salary
Account comes under which head?
A. Indirect Incomes C.
Direct Incomes
B. Indirect Expenses D.
Direct Expenses
28. How many
groups are pre-defined in Tally?
A. 28 B. 30 C. 15 D. 19
29. How many
primary groups are there in Tally?
A. 19 B. 28 C. 15 D. 20
30. How many
secondary groups are there in Tally?
A. 15 B. 13 C. 28 D. 3
31. Which
option is used to view list of Primary and Secondary groups in Tally?
A. List of Accounts C.
List
B. Accounts D. None of these
32. Which
ledger is created by Tally automatically as soon as we create a new company?
A. Cash C. Capital A/c.
B. Profit & Loss A/c. D. A
and B both
33. Which
option is used to make changes in created Groups of Ledgers in Tally?
A. Create C.
Alter
B. Display D. Change
34. How many
voucher types area readily available in Tally?
A. 18 B. 16 C. 20 D. 28
35. How many
voucher types are provided in Tally to record transactions?
A. 2 B. 3 C. 4 D. 5
36. Which key
is pressed to post entries in double entry accounting system instead of single
entry
system in Tally.ERP9?
A. F11 C. Alt+F11
B. F12 D. Alt+F12
37. Which
voucher type is used to transfer amount from one bank to another?
A. Contra C. Receipt
B. Payment D. Post-Dated
38. Rs.10, 000
withdrawn from State Bank. In which voucher type this transaction will be
recorded?
A. Payment C. Contra
B. Receipt D. Post-Dated
39. Where do
we record transactions of salary, rent or interest paid?
A. Contra C. Receipt
B. Journal D.
Payment
40. Where do
we record interest received, commission received or rent received in Tally?
A. Contra C. Receipt
B. Payment D. Journal
41. Where do
we record cash sales in Tally?
A. Contra C. Payment
B. Receipt D. Journal
42. Where do
we record credit purchase of furniture in Tally?
A. Purchase C. Receipt
B. Payment D. Journal
43. Where do
we record purchase return, sales return, depreciation, bad debts etc.in Tally?
A. Journal C. Contra
B. Payment D. Receipt
44. Where do
we record all type of adjustment entry in Tally?
A. F5:Payment C. F7:Journal
B. F6:Receipt D. F4:Contra
Page
4
45. Which
shortcut key is pressed and then ‘yes’ is given in “Use Debit/Credit Noted” to
post entry in Credit Note and Debit Note in Tally?
A. Alt+F11 C. F12
B. F11 D. Alt+F12
46. In which
voucher type credit purchase entry is posted in Tally?
A. F5:Payment C. F9:Purchase
B. F7:Journal D. F6:Receipt
47. In which
voucher type credit sales is recorded in Tally?
A. F5:Payment C. F7:Journal
B. F6:Receipt D. F8:Sales
48. Which
shortcut key is used in ‘Company Feature’s screen to use Accounting Features in
Tally?
A. F1 B. F2 C.
F3 D. F4
49. Which
shortcut key is used in ‘Company Features’ screen to use Inventory Features in
Tally?
A. F1 B. F2 C.
F3 D. F4
50. Which
shortcut key is used in ‘Company Features’ Screen to use Statutory & Taxation
in Tally?
A. F3 C. F2
B. F4 D. F1
51. Which
option is used to enable VAT, TDS, and Service Tax etc. in Tally?
A. Accounting Features C. Inventory
Features
B. Statutory & Taxation D. None of these
52. Which key
is used to post entry in Debit Note in tally?
A. F7 C. Ctrl+F9
B. F8 D. Ctrl+F8
53. Which key
is used to post entry in Debit Note in Tally?
A. F8 C. Ctrl+F8
B. F9 D. Ctrl+F9
54. Which of
the following equation is true for balance sheet?
A. Assets = Liabilities +Capital C.
Capital = Assets – Liabilities
B. Liabilities = Assets – Capital D. All of these
55. Which
shortcut key is used to view Report with all details in Tally?
A. F1 C. F3
B. Alt + F1 D. Alt + F2
56. How many
options related to Company Features are there in F11: Features in Tally?
A. 3 C. 4
B. 2 D. 5
57. Which unit
is created for stock items like grain, pulse, sugar, oil, ghee etc.?
A. Lts. B. Nos. C. Kgs. D. Box.
58. Which
shortcut key is pressed to display Part No. for automobile industries?
A. F1 B. F2 C. F11 D. F12
59. Which
option is used to view Trial Balance from Gateway of Tally?
A. Gateway
of Tally → Reports → Trial Balance
B. Gateway
of Tally → Trial Balance
C. Gateway
of Tally → Reports → Display → Trial Balance
D. None of
these
60. Which
option is true for viewing Profit & Loss A/C in Gateway of Tally?
A. Gateway
of Tally → Reports → Profit & Loss A/C
B. Gateway
of Tally → Display → Profit & Loss A/C
C. Gateway
of Tally → Account Books → Profit & Loss A/C
D. None of
these
61. What
percent of additional Tax is applied in VAT is 4%?
A. 1% B. 4% C. 2.5% D. 1.5%
62. What
percent of Additional Tax is applied if VAT in 12.5%?
A. 1% B. 2.5% C. 4% D. 1.5%
63. Which
shortcut key is used to enable Value Added Tax?
A. F1 B. F5 C. F11 D. F12
64. Which
shortcut key is pressed to set ‘Yes’ in “Allow Selection of VAT/Tax class
during entry?”
A. F11 B. F12 C. F3 D. F5
65. Which
group [Under] is selected in Input VAT or Output VAT?
A. Duties & Taxes C.
Direct Expenses
B. Indirect Expenses D.
Sundry Creditors
66. Which
group [Under] is selected in Input Additional Tax or Output Additional Tax?
A. Direct Expenses C.
Duties & Taxes
B. Indirect Expenses D. Sundry Creditors
67. Which
shortcut key is pressed to create a new Ledger during voucher entry?
A. Alt + C B. Alt + X C. Alt + D D. Alt + A
68. Which
shortcut key is pressed for voucher entry or deleting a ledger?
A. Alt + A B. Alt + C C. Alt + X D. Alt + D
69. By
default, which mode is on in Purchase and Sales voucher?
A. Norma Mode C. Particulars Mode
B. Item Invoice Mode D. None of
these
70. Which step
is followed to view Purchase Register?
A. Gateway
of Tally → Display → Sales Register
B. Gateway
of Tally → Account Books → Sales Register
C. Gateway
of Tally → Display → Account Books → Purchase Register
D. None of
these
71. By which
report we can come to know if VAT is payable or refundable.
A. E-VAT forms C. VAT forms
B. VAT Computation D. None of these
72. Which will
be group of VAT Adjustment ledger?
A. Indirect Expenses C. Duties & Taxes
B. Indirect Incomes D. None of these
73. TDS is
applied on which of the following incomes?
A. Commission of lottery ticket C.
Salary Income (Contract)
B. Professional Fee D. All of these
74. On which
of the following incomes TDS in not applied?
A. Advertisement Income C. Rent income from
land or home
B. Cable Operator D. Insurance
Commission
75. According
to law who has to pay TDS to the Income Tax Department?
A. Service
Receiver
B. Service
Receiver
C. Service
Provider and Service Receiver both
D. There is
no such provision
76. What is
the TDS exemption limit for contractor and sub-contractor?
A. 5000 B. 10000 C. 20000 D. 50000
77. What is
the TDS exemption limit for professional fees like Audit fees, Consultancy
fees, Training fees?
A. 15000 B. 20000 C. 25000 D.
50000
78. Which shortcut key is used to enable Tax Deducted at
Source [TDS]?
A. F9 B. F11 C. F12 D.
Alt + F12
79. Which step
is appropriate to view TDS Nature of Payment?
A. Gateway
of Tally → Display → TDS Nature of Payment
B. Gateway
of Tally → Statutory Info. → TDS Nature of Payment
C. Gateway
of Tally → Display → Statutory Info. → TDS Nature of Payment
80. Which
group [Under] should be selected for TDS on Advertisement A/C?
A. Indirect Expenses C.
Indirect Incomes
B. Duties
& Taxes D. Sundry Creditors
81. Which
group [Under] should be selected for TDS on Professional or Technical Services
A/C?
A. Indirect Expenses C.
Duties & Taxes
B. Indirect
Incomes D. None of these
82. In which
voucher type entry is done for TDS calculations?
A. F5:Payment C. F7:Journal
B. F6:Receipt D. F4:Contra
83. In which
voucher type, amount of VAT or TDS payable to the government will be noted?
A. F5:Payment C. F6:Receipt
B. F4:Contra D. F7:Journal
84. Amount
payable as TDS can be known by which report in Tally?
A. Computation C. Print Form 16A
B. E-Return D. Form-26
85. Which
shortcut key is used to take print of VAT or TDS reports?
A. Ctrl + P C. Alt + P
B. Shift + P D. Ctrl + Alt + P
86. Which is
the shortcut key to zoom TDS Challan?
A. Alt + P C. Ctrl + Z
B. Alt + Z D. Ctrl + Alt + Z
87. Which
website should be visited to get any information related to TDS?
A. www.income tax.gov.in C.
www.tdsindia.gov.in
B. www.incometax india.gov.in D. www.incometax india.org.in
88. Which
option is used to print From 16A of TDS?
A. Gateway
of Tally → StatutoryReport → Return → Print Form 16A
B. Gateway
of Tally → Return → Print Form 16 A
C. Gateway
of Tally → TDS Reports → Return → Print Form 16 A
D. Gateway
of Tally → Display → Statutory Report → TDS Reports → Return → Print
89. Which
shortcut key is used to set No in ‘Use Common Ledger A/c for Item Allocation?’
A. Alt + F11 C. Alt + F12
B. F11 D. F12
90. Which
option is selected for different types of VAT entries in Purchase Invoice or
Sales
Invoice?
A. Applicable VAT C. Not Applicable
VAT
B. Not Applicable D. No Applicable
91. Which of
the following is not compulsory to create while entry in Accounts with
Inventory?
A. Stock Groups C. Stock Categories
B. Stock Items D. Units of Measure
92. Which
reports are prepared monthly in Tally?
A. Profit & Loss A/C C. Trial Balance
B. Balance Sheet D. Cash Flow of Funds Flow
93. VAT
Structure is beneficial for whom?
A. Trader C. Trial Balance
B. Balance Sheet D. Cash Flow or Funds Flow
94. By which
option Purchase or Sales register can be viewed?
A. Statutory Books C. Accounts Books
B. Inventory Books D. Display
95. Which
option is used to view Stock Items or Group Summary?
A. Accounts Books C. Statutory Books
B. Inventory Books D. Display
96. Which
option is used to view VAT or TDS computation?
A. Accounts Books C. Display
B. Statutory Books D. Inventory Books
97. Financial
year normally ends no?
A. 30 April C. 1 April
B. 31 March D. 31 December
98. Default invoice mode is on for Sales or Purchase entry.
Which key should be pressed for entry of sales or Purchase as a voucher?
A. Alt + V C. Alt + F8
B. Ctrl + V D. Alt + F9
99. We can change the Company Information from
A. Company Info > Back up C.
Company Info > Split Company Data
B. Company Info > Alter D.
None of these
100. Company Restore option is available in
A. Company Features C. Configuration
B. Company
Information D. None of these
101. in general the financial year from shall be from
A. 1st April of any
year C. All of them are true
B. 31st March of any
year D. None of these
102. We can modify an existing Company from
A. Company Info >
Alter C. Gateway of Tally > Modify Company
B. Company Info >
Alter Company D. None of these
103. To change Current Date from Gateway of Tally press the
key
A. F1 B.
F5 C. F2 D. F9
104. Party
account can be created through
A. Group
creation window
B. Ledger
creation window
C. Inventory
creation window
D. Any one
of them
105. A ledger may get declaration space for its Alias
through
A. F12 B. F11 C.
Alt + F1
D. Alt + F2
106. F12 is known as
A. Company Features
B. Company
Configuration
C. Accounting
Features
D. None of these
107. What is the
utility of Tally Vault Password?
A. It will
lock the period of Company
B. It will
lock all voucher entries for that Company
C. It will
not show the Company Name in the Company Select List.
D. None of
these
108. We can show
Bill wise details of Debtors and Creditors by activating
A. Bill by bill C. Maintain References
B. Maintain Bill wise
Details D. None of these
109. The
shortcut key to quit from Tally is
A. Ctrl + L C. Ctrl + M
B. Ctrl + P D. Ctrl+Q
110. How many
inbuilt Accounts group are in tally by default?
A. 29 B.
31 C. 25 D. 34
111. The
shortcut used to activate calculator is
A. Ctrl + N C. Ctrl + A
B. Ctrl + M D. Ctrl + B
112. Suspense
Account Group is defined under
A. Income C. Liabilities
B. Expenditure D. Assets
113. To activate
MRP feature from Gateway of Tally initially we need to press
A. F11 C. F10
B. F12 D. Alt + F1
114. MRP formula
for inclusive of vat is
A. {Vat %*( MRP *
QTY)}/100 C. Both a & b
B. (100*rate of
vat)/(100+rateof vat) D. None of these
115. Manufacturing
Journal creates based on
A. Journal C. Stock Journal
B. Receipt Note D. Purchase Quotation
116. To create
Manufacturing Journal which option must be activated
A. Use Common
Narration C. Prefilled with Zero
B. Narrations for
each entry D. Use as manufacturing Journal
117. How many types of Measurement Units we can create in
Tally?
A. 2 C. 5
B. 3 D. Unlimited
118. To activate
Job Costing which options require to be activated?
A. Maintain Cost
Centre C. Both a & b
B. Use Cost Centre
for Job Costing D. None of these
119. Multiple
Godowns are activated from
A. F11 C. F11 > F2
B. F11 >
F1 D. F11 > F3
120. In Tally,
there are _________ predefined ledgers
A. One B. Three C.
Two D. Four
121. We can see
list of Memorandum Vouchers from
A. Cash/Bank Books C. Accounts Books
B. Exception Reports D. Trail Balance
122. To print a
voucher from Tally we need to press
A. Ctrl + P C. Alt + P
B. Shift + P D. Ctrl + Alt + P
123. We can see
Working Capital figure changing
A. Voucher
configuration C. Balance Sheet configuration
B. Profit & Loss
configuration D. Ledger configuration
124. Input Vat
Ledger is created under which account?
A. Duties & Taxes C. Sales Return
B. Sales D. None of these
125. We can create
multiple users in Tally activating
A. Tally Audit C. Both (a) and (b)
B. Use Security
Control D. None of these
126. “Allow
components list details (Bill of Materials)” option is activated for
A. Ledgers C.
Stock Items
B. Cost
Category D. Budgets
127. Retained Earnings is an alias of
A. Indirect Income C.
Capital Account
B. Reserve
and Surplus D. Investments
128. We can repeat narration by pressing
A. Shift + R C.
Ctrl +
B. Alt + R D. Alt
+ Shift + R
129. What is MRP?
A. Market Price C. Marginal Price
B. Maximum
Retail Price D. Minimum Retail Price
130. We can use Stock Journal for
A. Production and
Consumption C. Both (a) and (b)
B. Inter
Godown transfer for stock D. None of these
131. Discount Column is available in
A. Sales Invoice C. Both (a) and (b)
B. Purchase Invoice D.
None of these
132. We can get the report of Interest from
A. Account Books C.
Inventory Books
B. Cash and Fund flow D.
Statements of Accounts
133. We can cancel a voucher using
A. Alt + X C.
Shift + X
B. Ctrl + X D.
Ctrl + Shift + X
134. To see
reports of Job Work Analysis
A. Display-Statement
of a/cs
B. Display-Statement
of a/cs-Job Work Analysis
C. Display-Statement
of a/cs-Cost Centre-Job work
D. None of
these
135. for
reconciliation of Bank press
A. F12 B. F10 C.
F5 D. F6
136. To create
Scenario which option requires to be activated?
A. Use Rev
Journal & Optional voucher in F12
B. Use
Optional voucher in F11
C. Use
Reversing voucher in F11
D. Use Rev
journal & Optional voucher in F11
137. Optional
Voucher is one type of
A. Conventional
Voucher C. Both (a) & (b)
B. Unconventional
Voucher D. None of these
138. TDS deduction entry can be made through
A. Payment Voucher C.
Receipt Voucher
B. Journal
Voucher D. All of these
139. To create Purchase Order press
A. Alt + F4 C.
F4
B. Ctrl + F4 D. None of these
140. List of Optional Voucher we can get from
A. Cash Bank Books C.
Accounts Books
B. Exceptional
Reports D. Balance Sheet
141. Input Vat Credit on Capital goods should be defined
under
A. Capital Account C.
Duties & Taxes
B. Current
Liabilities D. Misc. Expenses (Assets)
142. Single Entry mode is applicable for A. Receipt Voucher
B. Contra
Voucher
C. Payment
Vouche
D. All of
these
143. Online voucher creation from Day Book report by
pressing
A. Ctrl + A C.
Alt + A
B. Shift + A D.
None of these
144. Reversing journal is a
A. Conventional
Voucher C. Both (a) and (b)
B. Unconventional
Voucher D. None of these
145. To hide the name of the Company you need to define
A. Security Control C.
Create at least one User
B. Tally Audit D.
Tally Vault Password
146. To declare a voucher as Post Dated press
A. Ctrl + T C.
Ctrl + P
B. Alt + T D.
Ctrl + D
147. We can switch from Accounting Voucher to Inventory
Voucher pressing
A. F2 C.
Ctrl + F1
B. Alt +F1 D.
F11
148. Goods returning to a Creditor after challan but before
bill we need to pass
A. Debit Note C.
Rejection Out
B. Receipt Note D. Rejection In
149. Branch / Division is a group defined under
A. Liabilities C.
Income
B. Assets D.
Expenditure
150. To use Dr/Cr instead of To/By during Voucher entry or
vice versa, Press
A. F10 C.
F11
B. F12 D.
None of these
151. ETCS means
A. Enable Tax
Collected at Source C. Electric Tax Collected at Source
B. Electronic Tax
Collected at Source D. None of these
152. What is TAN?
A. Tax Account Number C. Tax Assignment Number
B. Tax Assessment
Number D. None of these
153. To get Payroll Reports choose
A. Gateway of Tally
> Display
B. Gateway of Tally
> Display > Statement of Accounts
C. Gateway of Tally
> Display > Statement of Payroll
D. Gateway of Tally
> Display > Payroll Reports
154. How can we see Vat Reports?
A. Gateway of Tally
> Display
B. Gateway of Tally
> Vat Reports
C. Gateway of Tally
> Display > Statutory Info
D. Gateway of Tally
> Display> Statutory Reports
155. BOM
represents
A. Billing of
Machines C. Bill of Maintenance
B. Bill of Materials D. None of these
156. "Alias"
represents
A. Short name C. Code name
B. Nick name D. All of these
157. To change
the date, shortcut used
A. Alt+F2 B.
Alt+F3 C. F2 D. F1
158. If we
purchase any fixed asset in credit, we can pass it from
A. Payment mode C. Journal mode
B. Receipt mode D. Contra mode
159. Transfer of
materials from one godown to another godown, use
A. Manufacturing
Journal C. Purchase Journal
B. Stock Journal D. Both A & B
160. Recording
of actual stock as physically verified or counted is done through
A. Journal C. Physical Stock
B. Stock Journal D. Sales
161. Service Tax
Report can be seen from
A. Display > Day
Book C. Display > Statutory Masters
B. Display >
Account Books D. Display > Statutory Reports
162. Payroll
Auto fill is done through
A. Ctrl + A C. Ctrl + B
B. Alt + A D. Alt + B
163. To get
Payroll Reports choose
A. Gateway
of Tally > Display
B. Gateway
of Tally > Display > Statement of Accounts
C. Gateway
of Tally > Display > Statement of Payroll
D. Gateway
of Tally > Display > Payroll Reports
164. What is the
full form of TCS?
A. Tax Collected by
Staff C. Tax Collected at Source
B. Tax Consumption at
Source D. Tax Collected from Sales
165. The shortcut used for Sales Order is
A. Alt+F4 B.
Alt+F5 C. Alt+F7 D. Alt+F8
166. Budget represents ……………………
A. Estimation C. Assumption
B. Forecasting D. All of these
167. Find out which is not a Default Ledger in Tally
A. Cash in Hand C. Profit & Loss
B. Capital Account D. None of these
168. The Profit & Loss statement can be displayed in
----------- ----- format(s).
A. Horizontal C. A
or B
B. Vertical D. None
of the above
169. Default
ledger accounts in tally are ______
A. Balance
sheet & profit & loss profit & loss and trial balance
B. Profit
& loss and trial balance
C. Cash and
profit & loss
D. Cash and
bank
170. Default
'godown' name in tally is ____________
A. Primary C. A or b
B. Main location D. None of the above
171. 'Tally vault' is a _________________
A. Security mechanism C. Cost category
B. Ledger a/c D. None of the above
172. To create a sales voucher in tally, you have to press
_______
A. F5 B.
F7 C. F8 D. F9
173. A Group
Company is ------------------------- given to the merged accounts of member
companies of the group.
A. a name C.
A and B
B. an
identity D. None of the above
174. In tally you get currency symbol option from _______
menu
A. Company creation C.
Regional setting
B. Stock
items units D. None of the above
175. ------------------
gives the balance for each day for the voucher type has been selected.
A. Trial Balance C. Balance Sheet
B. Daybook D. None of the above
176. For 'stock
journal' entry we press ______________ in tally
A. F7 B.
Alt + F7 C. F10 D.
F11
177. Which
option lists inventory valuation method in tally?
A. Stock report C. Stock analysis
B. Stock journal D. Stock summary
178. How to
activate the tally audit feature in a company?
A. Press F11
key
B. During
the creation of a company
C. In -comp
info -> security control-option
D. Press F12
key
179. What is the
predefined number of groups in tally?
A. 16 C.
128
B. 28 D.
228
180. Which of the following is used for voucher entry?
A. Ledger Account C.
Sub-Groups
B. Groups D.
Depends on number of companies
181. Which of the following user type can view audit list?
A. Tally Vault C.
Data Entry
B. Owner D.
Administrator
182. How can
data be imported in tally ?
A. One
company to another company created within Tally Package
B. Other
programs - a spreadsheet or a database file.
C. Depends
on number of companies
D. Both A
and B
183. Which of
the following file is usually used as a master file?
A. Inventory
subsidiary C. Cash receipts.
B. Cash
disbursements. D. Payroll transactions.
184. What is the
advantage of a computer-based transaction processing system?
A. Does not
require as stringent a set of internal controls.
B. Will
produce a more accurate set of financial statements.
C. Eliminates
the need to reconcile control accounts and subsidiary ledgers.
D. Will be
more efficient at producing financial statements.
185. Which of
the following can be budgeted in tally?
A. Net Transactions C. Closing Balance
B. Closing Balance D. A and B
186. Which of
the following can be budgeted in tally?
A. Net Transactions C. Closing Balance
B. Closing Balance D. A and B
187. Which of
the following shows daily balance for a selected voucher type?
A. Daybook C. Balance Sheet
B. Trial Balance D. None of the above
188. Which
shortcut key(s) are used to enter a stock journal in tally?
A. F7 C. Alt + F7
B. Control + F7 D. Shift + F7
189. How many
types of users are present in tally?
A. 1 B.
2 C. 3 D. 4
190. Which shortcut
key(s) are used to display list of inventory reports within balance sheet?
A. F8 B.
F9 C. F10 D. F11
191. Which of
the following is the predefined stock category in tally?
A. Primary C. Stock
B. Symbol D. Main location
192. Which file in tally is used to record the import
activity ?
A. Tally.dat C.
Tally.imp
B. Tally.ini D.
None of the above
193. Which of the following is compulsory to create while
entry in Accounts with Inventory?
A. Stock
Groups C. Units of Measure
B. Stock
Items D. All of these
194. ‘Inventory
books’ is used to view
A. Stock Items C. Both A and
B above
B. Group Summary D. None of these
195. Trial balance is prepared on............ basis
A. Monthly C. Half yearly
B. Annually D. Any of the above.
196. A............. serves
the purpose of both journal and ledger accounts
A. Journal proper C. Cash book
B. Purchase day book D. Any of the above
197. The rate of trade discount varies with the ----------- purchased
A. Total asset C. Quantity
B. Current asset D. None of these
198. A ‘credit note’ is sent by------------- to ----------------
A. Seller, buyer C. Customer, seller
B. Buyer, seller D. Creditor, seller
199. A ‘Debit note’ is a statement sent to the ------------- by the ----------------
A. Seller, buyer C. Customer, seller
B. Buyer, seller D. Creditor, seller
200. A trial balance is a---------
A. Ledger C. Account
B. Journal D. List
ANSWER KEY
|
Q.No
|
|
Answer
|
Q.No
|
Answer
|
Q.No
|
Answer
|
Q.No
|
Answer
|
Q.No
|
Answer
|
|
|
1
|
|
b
|
41
|
b
|
81
|
c
|
121
|
b
|
161
|
d
|
|
|
2
|
|
a
|
42
|
d
|
82
|
c
|
122
|
c
|
162
|
b
|
|
|
3
|
|
b
|
43
|
a
|
83
|
a
|
123
|
c
|
163
|
d
|
|
|
4
|
|
d
|
44
|
c
|
84
|
a
|
124
|
a
|
164
|
c
|
|
|
5
|
|
c
|
45
|
b
|
85
|
c
|
125
|
b
|
165
|
b
|
|
|
6
|
|
c
|
46
|
c
|
86
|
b
|
126
|
c
|
166
|
d
|
|
|
7
|
|
b
|
47
|
d
|
87
|
b
|
127
|
b
|
167
|
d
|
|
|
8
|
|
c
|
48
|
a
|
88
|
d
|
128
|
c
|
168
|
c
|
|
|
9
|
|
a
|
49
|
b
|
89
|
d
|
129
|
b
|
169
|
c
|
|
|
10
|
|
b
|
50
|
a
|
90
|
b
|
130
|
c
|
170
|
b
|
|
|
11
|
|
c
|
51
|
b
|
91
|
c
|
131
|
c
|
171
|
a
|
|
|
12
|
|
b
|
52
|
c
|
92
|
c
|
132
|
d
|
172
|
c
|
|
|
13
|
|
c
|
53
|
c
|
93
|
d
|
133
|
a
|
173
|
c
|
|
|
14
|
|
b
|
54
|
d
|
94
|
c
|
134
|
b
|
174
|
a
|
|
|
15
|
|
c
|
55
|
b
|
95
|
b
|
135
|
c
|
175
|
b
|
|
|
16
|
|
b
|
56
|
a
|
96
|
b
|
136
|
d
|
176
|
b
|
|
|
17
|
|
b
|
57
|
c
|
97
|
b
|
137
|
b
|
177
|
d
|
|
|
18
|
|
b
|
58
|
d
|
98
|
b
|
138
|
b
|
178
|
b
|
|
|
19
|
|
b
|
59
|
c
|
99
|
b
|
139
|
a
|
179
|
b
|
|
|
20
|
|
b
|
60
|
a
|
100
|
b
|
140
|
b
|
180
|
a
|
|
|
21
|
|
c
|
61
|
b
|
101
|
a
|
141
|
c
|
181
|
d
|
|
|
22
|
|
d
|
62
|
b
|
102
|
a
|
142
|
d
|
182
|
d
|
|
|
23
|
|
a
|
63
|
c
|
103
|
c
|
143
|
c
|
183
|
a
|
|
|
24
|
|
a
|
64
|
b
|
104
|
b
|
144
|
b
|
184
|
d
|
|
|
25
|
|
b
|
65
|
a
|
105
|
a
|
145
|
d
|
185
|
d
|
|
|
26
|
|
c
|
66
|
c
|
106
|
b
|
146
|
a
|
186
|
d
|
|
|
27
|
|
b
|
67
|
a
|
107
|
c
|
147
|
b
|
187
|
a
|
|
|
28
|
|
a
|
68
|
d
|
108
|
b
|
148
|
c
|
188
|
c
|
|
|
29
|
|
c
|
69
|
b
|
109
|
d
|
149
|
a
|
189
|
c
|
|
|
30
|
|
b
|
70
|
c
|
110
|
b
|
150
|
b
|
190
|
b
|
|
|
31
|
|
a
|
71
|
b
|
111
|
a
|
151
|
b
|
191
|
a
|
|
|
32
|
|
d
|
72
|
c
|
112
|
c
|
152
|
b
|
192
|
b
|
|
|
33
|
|
c
|
73
|
d
|
113
|
b
|
153
|
d
|
193
|
d
|
|
|
34
|
|
a
|
74
|
b
|
114
|
c
|
154
|
d
|
194
|
c
|
|
|
| |||||||||||
|
35
|
a
|
75
|
b
|
115
|
c
|
155
|
b
|
195
|
d
|
|
36
|
b
|
76
|
c
|
116
|
d
|
156
|
d
|
196
|
c
|
|
37
|
a
|
77
|
b
|
117
|
a
|
157
|
c
|
197
|
c
|
|
38
|
c
|
78
|
b
|
118
|
c
|
158
|
c
|
198
|
a
|
|
39
|
d
|
79
|
c
|
119
|
c
|
159
|
b
|
199
|
a
|
|
40
|
b
|
80
|
b
|
120
|
c
|
160
|
c
|
200
|
d
|
Great collection and thanks for sharing this info with us. Waiting for more like this.
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