Sl No.

QUESTIONS ANSWER
1 Vedika
Tally package is developed by
Softwares
2 We can change the Company Information from None of these
Company Restore option is available in None of these
4 In general the Financial year from shall be from None of these
5 We can Modify an existing Company from None of these
6 To change Current Date from Gateway of Tally press F2
the key
7 Ledger creation
Party account can be created through
window
8 A ledger may get declaration space for its Alias F12
through
9 Company
F12 is known as
Configuration
10 It will not show
the Company
What is the utility of Tally Vault Password? Name in the
Company Select
List.
11 We can show Bill wise details of Debtors and Maintain Bill
Creditors by activating wise Details
12 The shortcut key to quit from Tally is Ctrl+Q
13 The shortcut key to quit from Tally is
14 How many inbuilt Accounts group are in tally by 34
default?
15 The shortcut used to activate calculator is Ctrl + N
16 Suspense Account Group is defined under Liabilities
17 To activate MRP feature from Gateway of Tally F12
initially we need to press
18 (100*rate of
MRP formula for inclusive of vat is vat)/(100+rate
of vat)
19 Manufacturing Journal creates based on Stock Journal
20 To create Manufacturing Journal which option must Use as
be activated manufacturing
21 How many types of Measurement Units we can 2
create in Tally?
22 To activate Job Costing which options require to be Both a & b
activated?
23 Multiple Godowns are activated from F11 > F2
24 There are _________ predefined ledgers two
25 Exception
We can see list of Memorandum Vouchers from
Reports
26 To print a voucher from Tally we need to press Alt + P
27 We can see Working Capital figure changing Ledger
 configuration
28 Input Vat Ledger is created under which account? Duties & Taxes
29 Use Security
We can create multiple users in Tally activating
Control
30 Allow components list details (Bill of Materials)” Stock Items
option is activated for
31 Reserve and
Retained Earnings is an alias of
Surplus
32 We can repeat narration by pressing Ctrl + R
33 Discount Column is available in Both (a) and
34 Maximum Retail
What is MRP?
Price
35 We can use Stock Journal for Both (a) and (b)
36 We can cancel a voucher using Alt + X
38 For reconciliation of Bank press F5
39 We can use Stock Journal for Both (a) and (b)
40 Use Rev journal
To create Scenario which option require to be
& Optional
activated?
voucher in F11
41 Unconventional
Optional Voucher is one type of
Voucher
42 To create Purchase Order press Alt + F4
43 Exceptional
List of Optional Voucher we can get from
Reports
44 Input Vat Credit on Capital goods should be defined Duties & Taxes
under
45 Single Entry mode is applicable for All of these
46 Online voucher creation from Day Book report by Alt + A
pressing
47 Unconventional
Reversing journal is a
Voucher
48 We can switch from Accounting Voucher to Inventory Alt +F1
Voucher pressing
49 Branch / Division is a group defined under Liabilities
50 To use Dr/Cr instead of To/By during Voucher entry F12
or vice versa, Press
51 To alter a master while making an entry or viewing a Ctrl + Enter
report