Raj Computer Training Institute

Level 1: Tally MCQ Questions and Answers for

Beginners
1) What is the full form of ERP in Tally ERP 9?
A) Enterprise Resource Processing
B) Enterprise Resource Planning
C) Electronic Resource Planning
D) Enhanced Resource Process
2) Who developed Tally software?
A) Microsoft
B) Infosys
C) Tally Solutions Pvt. Ltd.
D) Oracle
3) Which shortcut key is used to activate the company features in
Tally Prime?
A) F11
B) Ctrl + F9
C) Alt + F10
D) Shift + F4
4) Which of the following is the default ledger in Tally?
A) Capital Account
B) Sales Account
C) Cash and Profit & Loss Account
D) Sundry Creditors
5) What is the shortcut key to creating a company in Tally Prime?
A) Alt + F3
B) Ctrl + F1
C) Shift + C
D) F5
6) Which voucher type is used for recording expenses in Tally?
A) Payment Voucher
B) Receipt Voucher
C) Journal Voucher
D) Sales Voucher
7) How many groups are pre-defined in Tally?
A) 20
B) 25
C) 28
D) 30
8) Which of the following statements about Tally is true?
A) Tally is only used for payroll management
B) Tally does not support GST calculations
C) Tally helps in inventory, accounting, and tax management
D) Tally is only available in India
 Raj Computer Training Institute
9) What is the shortcut key to open the Day Book in Tally Prime?
A) Alt + F2
B) F4
C) Ctrl + F5
D) Shift + D
10) Which function in Tally helps in generating GST reports?
A) Inventory Reports
B) Compliance Reports
C) Tax Ledger
D) GST Auto Calculation
11) What is the full form of Tally?
A) Total Account Ledger
B) Tax and Account Ledger Yearly
C) Transaction Accounting and Learning Software
D) None of the above
12) What is the shortcut to open a new voucher in Tally Prime?
A) Ctrl + V
B) Alt + F1
C) Alt + F2
D) Alt + F4
13) Which of the following is used to configure multi-currency in Tally
Prime?
A) Multi-Company Setup
B) Accounting Features
C) Currency Info
D) GST Settings
14) What is the shortcut key for the “Inventory Info” in Tally Prime?
A) Alt + I
B) Ctrl + I
C) F4
D) Shift + I
15) How do you view the trial balance in Tally Prime?
A) By selecting “Reports” under Gateway of Tally
B) By selecting “Trial Balance” under “Accounting Vouchers”
C) By pressing F3
D) By opening the “Account Info” section
16) Which of the following is used to create inventory groups in Tally?
A) Inventory Master
B) Stock Group
C) Stock Item
D) Godown
17) How is GST calculated in Tally Prime?
A) Manually during voucher entry
B) Automatically based on the GST settings
 Raj Computer Training Institute
C) By creating a tax ledger
D) By enabling the GST feature
18) Which shortcut key is used for the “Alter” option in Tally?
A) Ctrl + A
B) Alt + A
C) Shift + A
D) F3
19) What is the purpose of the “Stock Summary” report in Tally?
A) To check the profitability of the business
B) To check the financial position of the company
C) To view the details of inventory items
D) To reconcile bank statements

20) How is the bank reconciliation done in Tally Prime?

A) By matching bank entries with cash book entries
B) By recording bank transactions manually
C) By using the “Bank Reconciliation” feature
D) Bank reconciliation cannot be done in Tally
21) What is the shortcut key to create a sales invoice in Tally Prime?
A) F8
B) Alt + F8
C) Ctrl + S
D) Shift + S
22) Which of the following voucher types are used for recording sales
transactions in Tally Prime?
A) Payment Voucher
B) Receipt Voucher
C) Journal Voucher
D) Sales Voucher
23) Which key in Tally Prime is used to view the “Ledger” details?
A) F7
B) F9
C) F5
D) F10
24) What is the default date format in Tally Prime?
A) YYYY-MM-DD
B) DD-MM-YYYY
C) MM-DD-I
D) DD-Y-MM
25) What is the shortcut to view the “Balance Sheet” in Tally Prime?
A) Alt + B
B) Ctrl + B
C) F2
D) Shift + B
 Raj Computer Training Institute
26) Which of the following is true about Tally?
A) Tally only works for inventory management
B) Tally does not support GST
C) Tally provides solutions for accounting, taxation, and inventory
D) Tally only works for small businesses
27) In Tally, which feature is used to create cost centers?
A) Accounting Vouchers
B) Accounting Info
C) Inventory Info
D) Cost Centre Info
28) What is the shortcut key to view the “Purchase Register” in Tally
Prime?
A) Ctrl + P
B) Alt + P
C) F12
D) F11
29) How do you delete a voucher in Tally Prime?
A) By pressing Alt + D
B) By pressing Ctrl + D
C) By pressing F4
D) By pressing Shift + D
30) What is the function of the “Day Book” in Tally?
A) To record all transactions of the day
B) To create journal entries
C) To analyze the sales and purchase transactions
D) To generate profit and loss statements
Level 2: Tally MCQ Questions and Answers for
Intermediate Learners
1) Which key is used to exit from a voucher in Tally Prime?
A) Esc
B) Ctrl + Q
C) Alt + F4
D) Shift + X

2) How can you track outstanding payments from customers in Tally?

A) By using the “Sundry Debtors” report
B) By checking the trial balance
C) By generating a purchase order
D) By viewing the cash flow report
3) What is the function of “Group” in Tally?
A) To categorize accounts into subgroups
B) To create different ledgers
 Raj Computer Training Institute
C) To analyze sales reports
D) To track financial status
4) Which shortcut key is used to alter a ledger in Tally?
A) Ctrl + A
B) Ctrl + E
C) Alt + A
D) Shift + A

5) Which feature is used to create a GST return in Tally Prime?

A) Voucher Types
B) Tax Configuration
C) Report Features
D) GST Settings

6) What is the function of “Inventory Valuation” in Tally?

A) To value the stock in hand
B) To track profit margins
C) To analyze the inventory turnover
D) To check the stock depreciation
7) Which voucher type is used for stock adjustments in Tally?
A) Journal Voucher
B) Payment Voucher
C) Stock Journal
D) Sales Voucher
8) In Tally Prime, how can you generate a report showing the details
of sales for a specific period?
A) By opening the “Sales Register” report
B) By using the “Purchase Voucher”
C) By entering the sales date in the “Ledger” report
D) By applying the date filter in the “Stock Summary”
9) What is the shortcut key for viewing the “Cost Centre” report in
Tally?
A) Ctrl + C
B) Alt + C
C) F8
D) Alt + S
10) How many groups are pre-configured in Tally Prime?
A) 25
B) 28
C) 30
D) 35
11) How does Tally Prime handle GST reports?
A) By applying tax rates in the “Voucher Entry”
B) By automatically generating GST reports
 Raj Computer Training Institute
C) By manually entering GST values
D) By importing reports from the GST portal
12) Which shortcut key is used to alter a ledger in Tally?
A) Ctrl + A
B) Ctrl + E
C) Alt + A
D) Shift + A
13) Which feature is used to create a GST return in Tally Prime?
A) Voucher Types
B) Tax Configuration
C) Report Features
D) GST Settings
14) What is the function of “Inventory Valuation” in Tally?
A) To value the stock in hand
B) To track profit margins
C) To analyze the inventory turnover
D) To check the stock depreciation
15) Which voucher type is used for stock adjustments in Tally?
A) Journal Voucher
B) Payment Voucher
C) Stock Journal
D) Sales Voucher
16) In Tally Prime, how can you generate a report showing the details
of sales for a specific period?
A) By opening the “Sales Register” report
B) By using the “Purchase Voucher”
C) By entering the sales date in the “Ledger” report
D) By applying the date filter in the “Stock Summary”
17) What is the shortcut key for viewing the “Cost Centre” report in
Tally?
A) Ctrl + C
B) Alt + C
C) F8
D) Alt + S
18) How many groups are pre-configured in Tally Prime?
A) 25
B) 28
C) 30
D) 35
19) How does Tally Prime handle GST reports?
A) By applying tax rates in the “Voucher Entry”
B) By automatically generating GST reports
C) By manually entering GST values
D) By importing reports from the GST portal
 Raj Computer Training Institute
20) What is the shortcut key for creating a new “Ledger” in Tally
Prime?
A) Alt + L
B) Ctrl + L
C) Shift + L
D) F1
21) What type of reports can be viewed using the “Accounting
Reports” section in Tally?
A) Profit & Loss, Balance Sheet
B) Bank Reconciliation
C) Ledger Summaries, Trial Balance
D) All of the above
22) What is the shortcut key for “Stock Summary” in Tally?
A) Alt + F9
B) Alt + F5
C) Ctrl + S
D) Shift + F7
23) Which of the following is the shortcut to print a voucher in Tally?
A) Alt + P
B) Ctrl + P
C) Shift + P
D) F8
24) How do you enable GST in Tally Prime?
A) By going to “Accounting Features” and enabling GST
B) By creating a GST ledger manually
C) By importing GST settings from the government portal
D) GST is enabled by default in Tally Prime
25) In Tally, how can you track the due date for receivables and
payables?
A) By using the “Due Date” option in vouchers
B) By using the “Outstanding Reports”
C) By using the “Receipt/Payment” vouchers
D) Due dates cannot be tracked in Tally
26) What is the primary purpose of the “Purchase Order” in Tally?
A) To place an order for raw materials
B) To record incoming inventory items
C) To track the outstanding payments
D) To monitor GST compliance
27) What does Tally Prime automatically do when GST is enabled?
A) It generates all reports related to GST automatically
B) It creates tax ledgers based on the settings
C) It updates the transactions directly to the GST portal
D) It calculates GST only during sales transactions
28) How can you change the display currency in Tally Prime?
 Raj Computer Training Institute
A) By altering the “Currency Info” section in “Accounting Info”
B) By updating the “Account Info” settings
C) By going to the “Company Info” section
D) Currency cannot be changed in Tally
29) How can you configure the “Cost Centre” in Tally Prime?
A) By going to the “Inventory Info” section
B) By going to “Cost Centre Info” under “Accounting Info”
C) By entering it manually while creating a voucher
D) Cost Centre cannot be configured in Tally
30) How does Tally Prime handle multi-currency transactions?
A) By enabling multi-currency in the “Accounting Features”
B) By creating separate ledgers for each currency
C) By allowing conversions based on exchange rates
D) All of the above
Level 3: Tally MCQ Questions and Answers for
Advanced Learners
1) What is the shortcut key for the “Bank Reconciliation” report in
Tally?
A) F5
B) Alt + F4
C) Ctrl + F5
D) Alt + F6
2) Which report is used to check the status of “Sundry Creditors” in
Tally?
A) Creditors Report
B) Purchase Register
C) Outstanding Reports
D) Cash Flow Report
3) How do you view the trial balance in Tally?
A) By selecting “Trial Balance” from the “Accounting Reports” section
B) By going to “Reports” and selecting “Trial Balance”
C) By pressing the shortcut key Ctrl + B
D) By opening the “Day Book”
4) In Tally, how can you change the voucher date while creating a
voucher?
A) By pressing F2
B) By changing it manually in the voucher
C) By altering the system date
D) The date cannot be changed once the voucher is created
5) What is the purpose of “Group” in Tally?
A) To organize ledgers into meaningful categories
B) To track group-wide expenses
 Raj Computer Training Institute
C) To create multiple companies under a single group
D) None of the above
6) What is the function of the “Inventory Master” in Tally Prime?
A) To set up inventory groups and items
B) To generate sales reports
C) To analyze financial transactions
D) To enter purchase details
7) Which of the following is used to create a “Debit Note” in Tally
Prime?
A) Payment Voucher
B) Receipt Voucher
C) Journal Voucher
D) Purchase Voucher
8) Which of the following is the correct shortcut for “Accounting
Vouchers” in Tally Prime?
A) Alt + F9
B) Alt + F5
C) Alt + F7
D) Alt + F2
9) What does Tally Prime automatically calculate during voucher
entry?
A) GST values
B) Profit and loss
C) Bank balance
D) Stock values
10) What is the primary use of the “Sales Register” in Tally Prime?
A) To record sales details
B) To create sales invoices
C) To analyze sales trends
D) To track GST on sales
11) How does Tally Prime help in GST filing?
A) By generating GST-compliant invoices
B) By generating detailed GST reports
C) By enabling direct filing to the government portal
D) By calculating GST on both sales and purchases
12) Which of the following is used to define a new “Stock Item” in
Tally?
A) Stock Group
B) Stock Item Info
C) Stock Ledger
D) Inventory Voucher
13) How can you track the purchases from different suppliers in
Tally?
A) By using the “Purchase Register” report
 Raj Computer Training Institute
B) By using “Supplier” ledgers
C) By using the “Sundry Creditors” report
D) All of the above
14) How does Tally handle multi-user configurations?
A) By using a LAN network
B) By configuring multiple users and access rights
C) By using cloud synchronization
D) All of the above
15) How can you access the “Account Groups” in Tally Prime?
A) By going to “Accounting Info”
B) By using the “Display” option in the main menu
C) By opening the “Inventory Info” section
D) By selecting “F11: Features”
16) Which of the following reports helps in analyzing cash flow in
Tally?
A) Balance Sheet
B) Bank Reconciliation
C) Cash Flow Statement
D) Profit & Loss Account
17) Which voucher type is used for recording the receipt of cash in
Tally Prime?
A) Receipt Voucher
B) Payment Voucher
C) Journal Voucher
D) Contra Voucher
18) How can you ensure GST-compliant invoicing in Tally Prime?
A) By setting up GST tax ledgers during voucher entry
B) By applying tax settings during company creation
C) By activating GST in the company features
D) All of the above
19) In Tally Prime, what is the function of the “Cost Centre” in
reporting?
A) To track different revenue and expense categories
B) To group the inventory items
C) To categorize transactions based on departments or projects
D) To calculate profit margins
20) What is the shortcut to applying a filter for viewing reports based
on specific dates in Tally?
A) Alt + F3
B) F2
C) Ctrl + D
D) Shift + D
21) What are the steps to create a “Stock Group” in Tally Prime?
A) Go to “Inventory Info” and create a group
 Raj Computer Training Institute
B) Under “Accounting Info,” create the group
C) Create it directly in the voucher entry
D) Stock Groups are predefined in Tally
22) Which option in Tally Prime helps in tracking outstanding
payments and receipts?
A) Outstanding Receivables Report
B) Day Book
C) Bank Reconciliation
D) Sales Register
23) How can you handle “Multi-Currency” transactions in Tally?
A) By enabling the multi-currency option in “Accounting Features”
B) By creating separate ledgers for each currency
C) By manually entering exchange rates during voucher entry
D) All of the above
24) How is the “Purchase Voucher” used in Tally?
A) For recording purchases of goods
B) For generating purchase orders
C) For tracking sales returns
D) For recording payments to suppliers
25) What is the maximum number of “Cost Centres” that can be
created in Tally?
A) 50
B) 100
C) 200
D) Unlimited
26) What is the function of the “Bank Reconciliation” feature in Tally
Prime?
A) To reconcile bank statements with the entries in Tally
B) To create bank payment vouchers
C) To manage fixed deposits
D) To generate bank balance reports
27) How do you record a “Purchase Return” in Tally?
A) By using a Credit Note Voucher
B) By using a Journal Voucher
C) By using a Payment Voucher
D) By using a Receipt Voucher
28) How can you view a detailed ledger in Tally?
A) By going to “Display” and selecting “Ledger”
B) By accessing the “Voucher Entry” screen
C) By viewing the “Account Groups” section
D) By using the “Cost Centre” option
29) What does the “Tally Vault” feature do?
A) It stores confidential company data in an encrypted format
B) It helps in backup management
 Raj Computer Training Institute
C) It is used for creating inventory reports
D) It allows multi-user access
30) Which of the following reports can be accessed to view the overall
profit or loss of a company?
A) Trial Balance
B) Profit and Loss Account
C) Stock Summary
D) Day Book
31) How does Tally handle “Tax Deducted at Source” (TDS)
calculations?
A) By creating a separate tax ledger for TDS
B) By configuring TDS settings in the “Tax Configuration”
C) By automatically generating TDS entries during voucher entry
D) All of the above
32) What feature in Tally Prime helps you track and record multiple
stock items in a single transaction?
A) Stock Journal
B) Inventory Vouchers
C) Multi-Stock Item Entry
D) Goods Receipt Note
33) What is the shortcut for accessing the “Tax Reports” in Tally?
A) Ctrl + T
B) Alt + T
C) F4
D) Alt + F3
34) In Tally Prime, how can you adjust the opening balance of a
ledger?
A) By editing the ledger during voucher entry
B) By entering the opening balance in the ledger creation form
C) By using a Journal Voucher
D) It cannot be adjusted once set
35) Which report in Tally Prime helps you in tracking the purchase of
stock items?
A) Purchase Register
B) Stock Summary
C) Sales Register
D) Bank Ledger
36) What is the purpose of the “Day Book” in Tally?
A) To record day-to-day transactions in chronological order
B) To generate periodic accounting reports
C) To view cash and bank balances
D) To track inventory usage
 Raj Computer Training Institute
37) Which of the following settings in Tally Prime is used for
customizing the printing of invoices?
A) Invoice Configuration
B) Print Settings under “Company Features”
C) Voucher Type Configuration
D) Stock Item Configuration
38) How can you reconcile bank transactions in Tally?
A) By using the Bank Reconciliation feature under “Display”
B) By entering data manually in the voucher
C) By using the “Cash Book” report
D) By setting up automatic reconciliation with the bank
39) Which of the following options is used to alter the name of an
existing ledger in Tally?
A) Alter Voucher
B) Alter Ledger
C) Change Group Name
D) Edit Inventory Group
40) How does Tally handle GST reconciliation?
A) By generating GST reports for input and output tax
B) By creating specific GST tax ledgers
C) By calculating GST for transactions automatically
D) All of the above
41) What is shortcut key of the ledger creation in tally prime?
A) Alt+E
B) Ctrl+F4
C) F4
D) Shift+F3
42) Which of the following voucher types are used for recording sales
transactions in Tally Prime?
A) Payment Voucher
B) Receipt Voucher
C) Journal Voucher
D) Sales Voucher
43) What is the sales voucher to shortcut key create?
A) F7
B) Shift+F7
C) F6
D) F12
44) What is an expense of recording sales history in Tally prime?
A) Trial balance
B) Stock Samerency
C) Acounting voucher
D) Sales voucher
 Raj Computer Training Institute
45) What is the maximum rate of CGST prescribed under the CGST
Act 2017?
A) 14%
B) 10%
C) 20%
D) 23%
46) Carriage Inward/Freight Inward comes under?
ss