TALLY
1.To get into company info, press---------------.
a) Alt+F1 b) Alt+F2
c) Alt+F3 d) Alt+F4
Answer: c) Alt+F3
2. To select a company, press --------------.
a) F1
b) F2
c) F3 d) F4
Answer: a) F1
3.To alter the date, Press -------------.
a) F1 b) F2
c) F3 d) F4
Answer: b) F2
4. To alter the accountng period, Press ---------------.
a) Alt+F1 b) Alt+F2
c) Alt+F3 d) Alt+F4
Answer: b) Alt+F2
5. ------------------- consists of subgroups and ledgers which are similar in nature in one way or the other.
a) Accountng groups b) Ledgers
c) Features d) Configuratons
Answer: a) Accountng groups
6. To alter features, Press ----------.
a) F9 b) F10
c) F11 d) F12
Answer: c) F11
7. Which one of the following is not a menu of company info?
a) Create company b) Alter
c) Display d) Backup
Answer: c) Display
8. Ledgers are created under --------------.
a) Accountng groups b) Accountng Features
c) Statement of accounts d) Accountng Books
Answer: a) Accountng groups
9. To use calculator in Tally, Press ------------.
a) Ctrl+M
b) Ctrl +N
c) Ctrl+O d) Ctrl+P
Answer: b) Ctrl +N
10. To get back to Gateway of Tally from Calculator, Press
a) Ctrl+P b) Ctrl+O
c) Ctrl +N d) Ctrl+M
Answer: d) Ctrl+M
11. To shut company, press ------------
a) Alt+F1
b) Alt+F2
c) Alt+F3 d) Alt+F4
Answer: a) Alt+F1
12. A company can be deleted through -------------- mode by pressing Alt +D
a) Select mode
b) Alteraton mode
c) Deleton mode d) Shut mode
Answer: b) Alteraton mode
13.To create a group or ledger in the secondary mode, Press--------
a) ALT+A b) ALT +D
c) ALT+B d) ALT+C
Answer: d) ALT+C
14.A user defined primary accountng group can be created only through--------------.
a) Single creaton b) Multple creaton
c) Multple alteraton d) None of these
Answer: a) Single creaton
15.An accountng group or ledger can be deleted only through------------.
a) Single Display b) Single alteraton
c) Multple displayd) Multple alteraton
Answer: b) Single alteraton
16.To delete a group or ledger in the single alteraton mode, Press ----------.
a) ALT+A
b) ALT +D
c) ALT+B d) ALT+C
Answer: b) ALT +D
17. Which of the following are the default ledgers in Tally?
a) cash and Bank b) purchase and sales
c) Profit and loss account and Balance sheet d) Cash and Profit and loss account
Answer: d) Cash and Profit and loss account
18. Which one of the following is not a sub group of current assets?
a) Dutes and Taxes b) Cash in hand
c) Stock in hand d) Sundry debtors
Answer: a) Dutes and Taxes
19. The ledger, Purchase return or return outward is created under ---------------------.
a) Sales accounts b) Purchase accounts
c) Stock in hand d) Sundry Creditors
Answer: b) Purchase accounts
20.Salary is a ledger created under -----------------------.
a) Direct expenses b) Indirect expenses
c) Sundry Creditors d) Sundry Debtors
Answer: b) Indirect expenses
21. The ledger, Loan on mortgage on of building is created under ----------------------------------- group.
a) Secured loans b) Unsecured loans
c) Sundry creditors d) Bank OD a/c
Answer: a) Secured loans
22. Which one of the following menus is not found in Accounts info?
a) Ledgers b) Groups
c) Voucher types d) Accountng Vouchers
Answer: d) Accountng Vouchers
23. To get detailed or condensed view of any report press------------------.
a) Alt +F1 b) Alt+F2
c) Alt+F3 d) Alt+F4
Answer: a) Alt +F1
24. To enter the value of closing stock, -------------------------------------------.
a) Alter stock account in the single mode b) Alter Stock account in the multple mode
c) Create stock account in the single mode d) Create stock account in the multple mode
Answer: a) Alter stock account in the single mode
25. Wages outstanding is created under ---------------------------.
a) Direct expenses b) Indirect Expenses
c) Sundry creditors d) Sundry Debtors
Answer: c) Sundry creditors
26. Which one of the following reports is not available in the main menu of Gateway of Tally?
a) Balance sheet b) Profit and loss account
c) Rato Analysis d) Trial Balance
Answer: d) Trial Balance
27. To bring two or more companies under a group company, create -------------------.
a) Group companyb) Accountng groups
c) Ledger d) Accountng Vouchers
Answer: a) Group company
28. To create a back up copy of data file in Tally, Press ------------- menu in the Company info.
a) Shut company b) Import
c) Backup d) Restore
Answer: c) Backup
29. ----------------------- is used to enter a financial transacton in Tally.
a) Accountng Voucher b) Accountng group
c) Ledger d) Report
Answer: a) Accountng Voucher
30. is the shortcut key to create receipt voucher.
a) F5 b) F6
c) F7 d) F8
Answer: b) F6
31. ----------------- is the shortcut key to create payment voucher.
a) F5 b) F6
c) F7 d) F8
Answer: a) F5
32. The shortcut key for the Journal voucher is -------------.
a) F6 b) F7
c) F8 d) F9
Answer: b) F7
33. Press ----------------- key, to create Contra voucher.
a) F7 b) F5
c) F6 d) F4
Answer: d) F4
34. To Create a sales Voucher, press ----------------.
a) F6 b) F7
c) F8 d) F9
Answer: c) F8
35. To create a purchase voucher, press ----------------.
a) F6 b) F7
c) F8 d) F9
Answer: d) F9
36. Which of the following are not default accountng vouchers in Tally?
a) Purchase and Sales vouchers b) Payment and Receipts vouchers
c) Contra and Journal Vouchers d) Debit note and credit note vouchers
Answer: d) Debit note and credit note vouchers
37.Transactons between Cash and Bank accounts are recorded through ---------------- Voucher.
a) Payment b) Receipt
c) Contra d) Journal
Answer: c) Contra
38. Cash or credit purchase of goods is entered in the ------------------- voucher
a) Payment b) Receipt
c) Purchase d) Sales
Answer: c) Purchase
39.Cash or credit sale of goods is recorded in the ----------------- voucher.
a) Payment b) Receipt
c) Purchase d) Sales
Answer: d) Sales
40. Purchase return of goods can be entered through ---------------- voucher.
a) Debit note b) Sales
c) Purchase d) Credit note
Answer: a) Debit note
41. Sales return of goods is recorded in -------------- voucher.
a) Debit note b) Credit note
c) Purchase d) Sales
Answer: b) Credit note
42. Adjustment entries and credit purchase or sale of assets are recorded in
a) Contra b) Credit note
c) Journal d) Debit note
Answer: c) Journal
43. The keys used to create credit note voucher are ------------------.
a) Alt+ F8 b) Alt+F9
c) Ctrl+ F8 d) Ctrl+ F9
Answer: c) Ctrl+ F8
44. The keys used to create debit note voucher are ------------------.
a) Alt+ F8 b) Alt+F9
c) Ctrl+ F8 d) Ctrl+ F9
Answer: d) Ctrl+ F9
45. By default transactons involving cash or/and bank cannot be recorded in --------------- Voucher
a) Journal b) Receipt
c) Payment d) Contra
Answer: a) journal
46. The voucher which allows only double entry is -----------------.
a) Journal b) Receipt
c) Payment d) Contra
Answer: a) Journal
47. The method of adjustment of Bill wise details for Purchase or sale of goods is ------------.
a) New Ref b) Agst Ref
c) Advance d) On Account
Answer: a) New Ref
48. The method of adjustment of Bill wise details for payment or receipt/ purchase return or sales
return is ------------.
a) New Ref b) Agst Ref
c) Advance d) On Account
Answer: b) Agst Ref
49. The method of adjustment of Bill wise details for ignoring bill references for any transacton is
------------.
a) New Ref b) Agst Ref
c) Advance d) On Account
Answer: d) On Account
50. ----------- is the base for creatng cost centres.
a) Cost category b) Stock Category
c) Accountng groups d) Cost centre class
Answer: a) Cost category
51. ---------------- is a person, place or an object to which costs and revenues are allocated.
a) Cost category b) Stock Category
c) Cost Centre d) Cost centre class
Answer: c) Cost Centre
