Tally
Question: 1
Sales Tax Ledger falls under which Group?
(A) Sales
(B) Purchases
(C) Indirect Expenses
(D) Duties and Taxes
View Answer
Ans: D
Duties and Taxes
Question: 2
The shortcut key to quit from Tally is
(A) Ctrl + Q
(B) Ctrl + M
(C) Ctrl + P
(D) Ctrl + L
View Answer
Ans: A
Ctrl + Q
Question: 3
What is the full form of TCS?
(A) Tax Collected at Source
(B) Tax collected from Sales
(C) Tax Consumption at Source
(D) Tax Collected by Staff
View Answer
Ans: A
Tax Collected at Source
Question: 4
What is TAN?
(A) Tax Absorb Number
(B) Tax Assignment Number
(C) Tax Account Number
(D) Tax Assessment Number
View Answer
Ans: D
Tax Assessment Number
Question: 5
The shortcut used for Sales Order is
(A) Alt + F4
(B) Alt +F5
(C) Alt +F7
(D) Alt + F8
View Answer
Ans: B
Alt +F5
Question: 6
Voucher class is a pre-defined voucher type that helps to
(A) Automatic Entry
(B) Automatic Calculation
(C) Minimize Errors
(D) All of these
View Answer
Ans: D
All of these
Question: 7
What is the utility of Tally Vault Password?
(A) It will not shows the company name in the company select list
(B) It will lock all voucher entries for that company
(C) It will lock the period of company
(D) Both a and b
View Answer
Ans: A
It will not shows the company name in the company select list
Question: 8
Service Tax Report can be seen from
(A) Display > Statutory Reports
(B) Display > Statutory Masters
(C) Display > Account Books
(D) Display > Day Book
View Answer
Ans: A
Display > Statutory Reports
Question: 9
At the time of Branch Transfer, Sales ledger is created
under which Vat/Tax Class?
(A) Sales with Vat rate
(B) Export
(C) Consignment/Branch Transfer Outward
(D) All of these
View Answer
Ans: C
Consignment/Branch Transfer Outward
Question: 10
Discount Column is available in
(A) Accounting Voucher
(B) Sales Invoice
(C) Purchase Invoice
(D) Both b and c
View Answer
Ans: D
Both b and c
Question: 11
Which option from Company Info.menu is selected to create
a new Company in Tally?
(A) Create Company
(B) Create
(C) New Company
(D) Company Create
View Answer
Ans: A
Create Company
Question: 12
_____ is the shortcut to delivery note from Inventory
Vouchers in Tally.
(A) Alt+F6
(B) Alt+F8
(C) Alt+F9
(D) Ctrl+F7
View Answer
Ans: B
Alt+F8
Question: 13
Which is the shortcut key to zoom TDS Challan?
(A) Ctrl + Alt + Z
(B) Ctrl + Z
(C) Alt + Z
(D) Alt + P
View Answer
Ans: C
Alt + Z
Question: 14
Online voucher creation from Day Book report by pressing
(A) Alt + A
(B) Ctrl + A
(C) Shift + A
(D) Ctrl + F5
View Answer
Ans: A
Alt + A
Question: 15
Which of the following is the predefined stock category in
tally?
(A) Main location
(B) Symbol
(C) Primary
(D) Stock
View Answer
Ans: C
Primary
Question: 1
Tally package is developed by
(A) Microsoft
(B) Adobe Software
(C) Apple Software
(D) Tally Solutions
View Answer
Ans: D
Tally Solutions
Question: 2
Single Entry mode is applicable for
(A) Payment Voucher
(B) Contra Voucher
(C) Receipt Voucher
(D) All of these
View Answer
Ans: D
All of these
Question: 3
We can create multiple users in Tally activating
(A) Tally Audit
(B) Use Security Control
(C) Both a and b
(D) All of these
View Answer
Ans: B
Use Security Control
Question: 4
The shortcut used to activate calculator is
(A) Ctrl + A
(B) Ctrl + B
(C) Ctrl + M
(D) Ctrl + N
View Answer
Ans: D
Ctrl + N
Question: 5
What is MRP?
(A) Minimum Retail Price
(B) Maximum Retail Price
(C) Marginal Price
(D) Market Price
View Answer
Ans: B
Maximum Retail Price
Question: 6
Voucher Class for Interest calculation created based on
(A) Debit and Credit Note
(B) Journal Voucher
(C) Receipt and payment Voucher
(D) Both a and b
View Answer
Ans: A
Debit and Credit Note
Question: 7
We can cancel a voucher using
(A) Alt + X
(B) Ctrl + Shift + X
(C) Ctrl + X
(D) Shift + X
View Answer
Ans: A
Alt + X
Question: 8
Transfer of materials from one godown to another godown,
use
(A) Stock Journal
(B) Purchase Journal
(C) Manufacturing Journal
(D) Both a and b
View Answer
Ans: A
Stock Journal
Question: 9
To remove a line at all reports screen, shortcut is
(A) Alt + R
(B) Alt + S
(C) Alt + 1
(D) Alt + T
View Answer
Ans: A
Alt + R
Question: 10
Multiple godowns are activated from
(A) F11 > F1
(B) F11 > F2
(C) F11 > F3
(D) F11
View Answer
Ans: B
F11 > F2
Question: 11
_____ is the shortcut to select a company in Tally.
(A) Alt+F1
(B) Alt+F2
(C) Alt+F3
(D) F1
View Answer
Ans: D
F1
Question: 12
_____ is the shortcut to sales order from Payroll Vouchers
in Tally.
(A) Ctrl+F4
(B) Ctrl+F45
(C) Alt+F4
(D) Alt+F5
View Answer
Ans: D
Alt+F5
Question: 13
Which shortcut key is used to export data of any company in
Microsoft Excel spreadsheet or in any other company?
(A) Alt+P
(B) Alt+S
(C) Alt+O
(D) Alt+E
View Answer
Ans: D
Alt+E
Question: 14
Which shortcut key is used to view configure in Tally?
(A) Alt+F9
(B) F10
(C) F11
(D) F12
View Answer
Ans: D
F12
Question: 15
In which voucher type credit purchase entry is posted in
Tally?
(A) F5:Payment
(B) F6:Receipt
(C) F7:Journal
(D) F9:Purchase
View Answer
Ans: D
F9: Purchase
Question: 1
A ledger may get declaration space for its Alias through
(A) F11
(B) F12
(C) Alt+F1
(D) Alt+F2
View Answer
Ans: B
F12
Question: 2
To active MRP feature from Gateway of Tally initially we
need to press
(A) F10
(B) F11
(C) F12
(D) Alt + F1
View Answer
Ans: C
F12
Question: 3
TDS deduction entry can be made through
(A) Journal voucher
(B) Payment Voucher
(C) Receipt Voucher
(D) All of these
View Answer
Ans: A
Journal voucher
Question: 4
Bank OCC a/c is a group defined under
(A) Loan & Liability
(B) Secured Loan
(C) Unsecured Loan
(D) Bank Account
View Answer
Ans: A
Loan & Liability
Question: 5
ETCS means
(A) Electronic Tax Collection System
(B) Electric Tax Collected at Source
(C) Electronic Tax Collected at Source
(D) Enable Tax Collected at Source
View Answer
Ans: C
Electronic Tax Collected at Source
Question: 6
We can see list of Memorandum Vouchers from
(A) Accounts Books
(B) Cash/Bank Books
(C) Exception Reports
(D) Trail Balance
View Answer
Ans: C
Exception Reports
Question: 7
Recording of actual stock as physically verified or counted is
done through
(A) Sales
(B) Journal
(C) Stock Journal
(D) Physical Stock
View Answer
Ans: D
Physical Stock
Question: 8
MRP formula for inclusive of vat is
(A) {vat%*(MRP * QTY)}/100
(B) (50*rate of vat)/(100+rate of vat)
(C) (100*rate of vat)/(100+rate of vat)
(D) Both a and b
View Answer
Ans: B
(50*rate of vat)/(100+rate of vat)
Question: 9
Branch/Division is a group defined under
(A) Assets
(B) Expenditure
(C) Income
(D) Liabilities
View Answer
Ans: D
Liabilities
Question: 10
How many formats are available while exporting?
(A) 2
(B) 3
(C) 4
(D) 5
View Answer
Ans: B
Question: 11
In which voucher type entry is done for TDS calculations?
(A) F4:Contra
(B) F5:Payment
(C) F6:Receipt
(D) F7:Journal
View Answer
Ans: D
F7:Journal
Question: 12
Trial balance is prepared on _____ basis.
(A) Monthly
(B) Annually
(C) Half yearly
(D) Any of the above
View Answer
Ans: D
Any of the above
Question: 13
Which shortcut key is used for Select Company in Tally?
(A) F1
(B) F3
(C) Alt+F1
(D) Alt+F2
View Answer
Ans: B
F3
Question: 14
_____ is the shortcut to purchase voucher from Accounting
Vouchers in Tally.
(A) F8
(B) F9
(C) Alt+F1
(D) Ctrl+F1
View Answer
Ans: B
F9
Question: 15
Which group [Under] should be selected for TDS on
Advertisement A/C?
(A) Indirect Expenses
(B) Indirect Incomes
(C) Sundry Creditors
(D) Duties and Taxes
View Answer
Ans: D
Duties and Taxes
Question: 1
_____ is the shortcut to Payroll Auto fill from Payroll
Vouchers in Tally.
(A) Alt+S
(B) Alt+A
(C) Ctrl+F4
(D) Ctrl+F5
View Answer
Ans: B
Alt+A
Question: 2
Which shortcut key is pressed to view features in tally?
(A) Alt+11
(B) F10
(C) F11
(D) F12
View Answer
Ans: C
F11
Question: 3
Which option is used to view Stock Items or Group
Summary?
(A) Display
(B) Statutory Books
(C) Accounts Books
(D) Inventory Books
View Answer
Ans: D
Inventory Books
Question: 4
_____ is the shortcut to shut a company in Tally.
(A) Alt+F1
(B) Alt+F2
(C) Alt+F3
(D) F1
View Answer
Ans: A
Alt+F1
Question: 5
For stock journal entry we press _____ in tally.
(A) F7
(B) F10
(C) F11
(D) Alt + F7
View Answer
Ans: D
Alt + F7
Question: 6
_____ is the shortcut to journal from accounting
vouchers in tally.
(A) F7
(B) F8
(C) Alt+F1
(D) Ctlr+F1
View Answer
Ans: A
F7
Question: 7
Amount payable as TDS can be known by which report in
Tally?
(A) E-Return
(B) Form-26
(C) Computation
(D) Print Form 16A
View Answer
Ans: C
Computation
Question: 8
To declare a voucher as post dated press
(A) Ctrl + P
(B) Ctrl + D
(C) Ctrl + T
(D) Alt + T
View Answer
Ans: C
Ctrl + T
Question: 9
How can data be imported in tally?
(A) Depends on number of companies
(B) One company to another company created within Tally Package
(C) Other programs - a spreadsheet or a database file.
(D) Both B and C
View Answer
Ans: D
Both B and C
Question: 10
Which file in tally is used to record the import activity?
(A) Tally.dat
(B) Tally.imp
(C) Tally.ini
(D) None of the above
View Answer
Ans: C
Tally.ini
Question: 1
In taxation, TDS stands for
(A) Tariff Deduction at Source
(B) Tax Deducted at Source
(C) Tax Deducted at Station
(D) Tax Deviation at Source
View Answer
Ans: B
Tax Deducted at Source
Question: 2
Which option is true for viewing Profit & Loss A/C in
Gateway of Tally?
(A) Gateway of Tally → Account Books → Profit & Loss A/C
(B) Gateway of Tally → Display → Profit & Loss A/C
(C) Gateway of Tally → Reports → Profit & Loss A/C
(D) None of these
View Answer
Ans: C
Gateway of Tally → Reports → Profit & Loss A/C
Question: 3
Default ledger accounts in tally are
(A) Profit & loss and trial balance
(B) Cash and bank
(C) Balance sheet & profit & loss profit & loss and trial balance
(D) Cash and profit & loss
View Answer
Ans: D
Cash and profit & loss
Question: 4
_____ is the shortcut to receipt note from Inventory
Vouchers in Tally.
(A) Alt+F6
(B) Alt+F8
(C) Alt+F9
(D) Ctrl+F7
View Answer
Ans: C
Alt+F9
Question: 5
_____ denotes increase in money.
(A) Debit
(B) Credit
(C) Asset
(D) Accrual basis
View Answer
Ans: B
Credit
Question: 1
In which voucher type credit sales is recorded in Tally?
(A) F5:Payment
(B) F6:Receipt
(C) F7:Journal
(D) F8:Sales
View Answer
Ans: D
F8:Sales
Question: 2
Which shortcut key is pressed for voucher entry or deleting
a ledger?
(A) Alt + D
(B) Alt + A
(C) Alt + C
(D) Alt + X
View Answer
Ans: A
Alt + D
Question: 3
Which shortcut key is used to enable Tax Deducted at
Source [TDS]?
(A) F9
(B) F11
(C) F12
(D) Alt + F12
View Answer
Ans: B
F11
Question: 4
Which reports are prepared monthly in Tally?
(A) Profit & Loss A/C
(B) Balance Sheet
(C) Cash Flow of Funds Flow
(D) Trial Balance
View Answer
Ans: D
Trial Balance
Question: 5
To see reports of Job Work Analysis
(A) Display-Statement of a/cs-Cost Centre-Job work
(B) Display-Statement of a/cs
(C) Display-Statement of a/cs-Job Work Analysis
(D) None of these
View Answer
Ans: C
Display-Statement of a/cs-Job Work Analysis
Question: 1
A Debit note is a statement sent to the _____ by the _____
(A) Buyer, seller
(B) Seller, buyer
(C) Creditor, seller
(D) Customer, seller
View Answer
Ans: B
Seller, buyer
Question: 2
_____ is the shortcut for sales order in Tally.
(A) F8
(B) F9
(C) Alt+F4
(D) Alt+F5
View Answer
Ans: C
Alt+F4
Question: 3
In taxation, TCS stands for
(A) Tariff Collected at Station
(B) Tax Combined at Source
(C) Tax Collected at Source
(D) Tax Creation at Source
View Answer
Ans: C
Tax Collected at Source
Question: 4
_____ is the shortcut to rejection in from inventory Vouchers
in Tally.
(A) Alt+F4
(B) Alt+F5
(C) Alt+F7
(D) Alt+F9
View Answer
Ans: B
Alt+F5
Question: 5
Can we allow Expenses/Fixed Assets in Purchase
vouchers?
(A) Yes
(B) No
(C) Wrong Question
(D) Both a and b
View Answer
Ans: A
Yes
Question: 1
In taxation, VAT stands for
(A) Value Approved Tax
(B) Value Added Tax
(C) Value Added Transaction
(D) Value Assigned Tax
View Answer
Ans: B
Value Added Tax
Question: 2
_____ is the shortcut to vouchers as invoice from
Accounting Vouchers in Tally.
(A) Alt+I
(B) Ctrl+V
(C) Ctrl+F10
(D) F10
View Answer
Ans: B
Ctrl+V
Question: 3
To save entry without any amount, we have to use
(A) Allow O value entry
(B) Use Rej. Notes
(C) Maintain Multiple godown
(D) Cost Center
View Answer
Ans: A
Allow O value entry
Question: 4
_____ considers incoming money to be instantly available
and reduction of cash to occur only on the date of actual
outflow of money (instead of the date of transaction).
(A) Asset
(B) Accrual basis
(C) Credit
(D) Debit
View Answer
Ans: B
Accrual basis
Question: 5
Which option is used to open company created in Tally?
(A) Alter
(B) Shut Company
(C) Create Company
(D) Select Company
View Answer
Ans: D
Select Company
