Tally package is developed by 7.

We can cancel a voucher using

Microsoft (A) Alt + X
Adobe Software (B) Ctrl + Shift + X
(C) Apple Software (C) Ctrl + X
Tally Solutions (D) Shift + X
Ans: D Answer: A
Tally Solutions Alt + X
8. Transfer of materials from one warehouse to
2. Single Entry mode is applicable for another warehouse, use
Payment Voucher Stock Journal
Contra Voucher Purchase Journal
(C) Receipt Voucher (C) Manufacturing Journal
All of these Both a and b
Answer: D Ans: A
All of these Stock Journal

3. We can create multiple users in Tally 9. To remove a line at all reports screen,
activating shortcut is
Tally Audit (A) Alt + R
Use Security Control (B) Alt + S
(C) Both a and b (C) Alt + 1
All of these (D) Alt + T
Ans: B Answer: A
Use Security Control Alt + R

4. The shortcut used to activate calculator is 10. Multiple godowns are activated from
Ctrl + A F11 > F1
(B) Ctrl + B (B) F11 > F2
(C) Ctrl + M (C) F11 > F3
Ctrl + N (D) F11
Ans: D Answer: B
Ctrl + N F11 > F2

5. What is MRP? 11. _____ is the shortcut to select a company

Minimum Retail Price in Tally.
Maximum Retail Price (A) Alt+F1
(C) Marginal Price (B) Alt+F2
(D) Market Price (C) Alt+F3
Answer: B (D) F1
Maximum Retail Price Answer: D
F1
6. Voucher Class for Interest calculation
created based on 12. _____ is the shortcut to sales order from
Debit and Credit Note Payroll Vouchers in Tally.
Journal Voucher Ctrl+F4
(C) Receipt and Payment Voucher (B) Ctrl+F45
Both a and b (C) Alt+F4
Ans: A (D) Alt+F5
Debit and Credit Note Answer: D
Alt+F5
 (B) Tax Assignment Number
13. Which shortcut key is used to export data (C) Tax Account Number
of any company in Microsoft Excel (D) Tax Assessment Number
spreadsheet or in any other company? Answer: D
(A) Alt+P Tax Assessment Number
(B) Alt+S
(C) Alt+O 20. The shortcut used for Sales Order is
(D) Alt+E (A) Alt + F4
Answer: D (B) Alt +F5
Alt+E (C) Alt +F7
(D) Alt + F8
14. Which shortcut key is used to view Ans: B
configure in Tally? Alt +F5
(A) Alt+F9
(B) F10 21. Voucher class is a pre-defined voucher.
(C) F11 type that helps to
(D) F12 Automatic Entry
Ans: D (B) Automatic Calculation
F12 (C) Minimize Errors
All of these
15. In which voucher type is the credit purchase? Ans: D
Is the entry posted in Tally? All of these
F5:Payment
(B) F6:Receipt 22. What is the utility of Tally Vault?
(C) F7: Journal Password?
F9: Purchase It will not show the company.
Answer: D name in the company select list
F9:Purchase (B) It will lock all voucher entries for
that company
16. Sales Tax Ledger falls under which It will lock the period of the company.
Group? Both a and b
Sales Answer: A
(B) Purchases It will not show the company name in the
(C) Indirect Expenses company select list
(D) Duties and Taxes
Answer: D 23. Service Tax Report can be seen from
Duties and Taxes (A) Display > Statutory Reports
Display > Statutory Masters
17. The shortcut key to quit from Tally is (C) Display > Account Books
Ctrl + Q (D) Display > Day Book
(B) Ctrl + M Answer: A
(C) Ctrl + P Display > Statutory Reports
(D) Ctrl + L
Answer: A 24. At the time of Branch Transfer, Sales
Ctrl + Q Under which VAT/Tax Class is the ledger created?
(A) Sales with Vat rate
18. What is the full form of TCS? (B) Export
Tax Collected at Source (C) Consignment/Branch Transfer
Tax collected from Sales Outward
Tax Consumption at Source All of these
Tax Collected by Staff Answer: C
Answer: A Consignment/Branch Transfer Outward
Tax Collected at Source
25. Discount Column is available in
19. What is TAN? Accounting Voucher
Tax Absorb Number (B) Sales Invoice
 (C) Purchase Invoice Answer: B
(D) Both b and c F12
Ans: D
Both b and c 32. To activate MRP feature from Gateway of
Tally initially we need to press
26. Which option from Company Info.menu is F10
selected to create a new Company in Tally? (B) F11
Create Company (C) F12
(B) Create (D) Alt + F1
(C) New Company Answer: C
(D) Company Create F12
Answer: A 33. TDS deduction entry can be made through
Create Company Journal voucher
Payment Voucher
27. _____ is the shortcut to delivery note from (C) Receipt Voucher
Inventory Vouchers in Tally. All of these
(A) Alt+F6 Answer: A
(B) Alt+F8 Journal voucher
(C) Alt+F9
(D) Ctrl+F7 34. Bank OCC a/c is a group defined under
Answer: B Loan & Liability
Alt+F8 (B) Secured Loan
(C) Unsecured Loan
28. Which is the shortcut key to zoom TDS Bank Account
Challan? Answer: A
Ctrl + Alt + Z Loan & Liability
(B) Ctrl + Z
(C) Alt + Z 35. ETCS means
(D) Alt + P Electronic Tax Collection System
Ans: C Electric Tax Collected at Source
Alt + Z Electronic Tax Collected at Source
Enable Tax Collected at Source
29. Online voucher creation from Day Book Answer: C
report by pressing Electronic Tax Collected at Source
(A) Alt + A
(B) Ctrl + A 36. We can see a list of Memorandum Vouchers
(C) Shift + A from
(D) Ctrl + F5 Accounts Books
Answer: A Cash/Bank Books
Alt + A (C) Exception Reports
D) Trail Balance
30. Which of the following is the predefined Ans: C
stock category in tally? Exception Reports
Main location
(B) Symbol 37. Recording of actual stock as physically
Primary verified or counted is done through
(D) Stock Sales
Ans: C (B) Journal
Primary Stock Journal
Physical Stock
31. A ledger may get declaration space for its Ans: D
Alias through Physical Stock
F11
(B) F12 38. MRP formula for inclusive of VAT is
(C) Alt+F1 (A) {vat%*(MRP * QTY)}/100
(D) Alt+F2 (B) (50*rate of vat)/(100+rate of vat)
 (C) (100*vat rate)/(100+vat rate)
Both a and b
Answer: B 45. Which group [Under] should be selected
(50 * rate of vat) / (100 + rate of vat) for TDS on Advertisement A/C?
Indirect Expenses
39. Branch/Division is a group defined under Indirect Incomes
(A) Assets Sundry Creditors
(B) Expenditure (D) Duties and Taxes
(C) Income Answer: D
(D) Liabilities Duties and Taxes
Ans: D
Liabilities 46. Income Tax number of the Company will
appear in which report?
40. How many formats are available while Payment voucher
exporting? (B) Reminder Letter
(A) 2 (C) Profit and Loss Account
(B) 3 Cash/Bank Book
(C) 4 Answer: A
(D) 5 Payment voucher
Answer: B
3 47. Input VAT Credit on Capital goods should
be defined under
41. In which voucher type is the entry done for (A) Duties & Taxes
TDS calculations? (B) Misc. Expenses (Assets)
F4:Against Current Liabilities
(B) F5: Payment (D) Capital Account
(C) F6:Receipt Answer: A
(D) F7: Journal Duties & Taxes
Answer: D
F7:Journal 48. Payroll Auto fill is done through
(A) Alt + A
Trial balance is prepared on accrual basis. (B) Alt + B
Monthly (C) Ctrl + A
Annually (D) Ctrl + B
Half yearly Answer: A
Any of the above Alt + A
Ans: D
Any of the above 49. List of Optional Vouchers we can get from
Accounts Books
43. Which shortcut key is used for Select (B) Balance sheet
Company in Tally? (C) Cash Bank Books
F1 Exceptional Reports
(B) F3 Ans: D
(C) Alt+F1 Exceptional Reports
(D) Alt+F2
Ans: B 50. We can see the Working Capital figure
F3 changing
Voucher configuration
44. _____ is the shortcut to purchase voucher (B) Ledger configuration
from Accounting Vouchers in Tally. (C) Balance Sheet configuration
F8 Profit & Loss configuration
(B) F9 Ans: C
(C) Alt+F1 Balance Sheet configuration
(D) Ctrl+F1
Ans: B 51. F12 is known as
F9 Accounting features
 (B) Tax
(C) Company Features 57. We can switch from Accounting Voucher
(D) Company configuration to Inventory Voucher pressing
Ans: D (A) F2
Company configuration (B) F11
(C) Ctrl + F1
52. Find out which is not a Default Ledger in (D) Alt +F1
Tally. Answer: D
Profit & Loss Alt +F1
Cash in Hand
(C) Capital Account 58. _____ gives the balance for each day for
All of these the voucher type has been selected.
Answer: C Trial Balance
Capital Account (B) Balance Sheet
(C) Daybook
53. How many types of measurement units do we have? (D) None of the above
Can create in Tally? Ans: C
(A) 1 Daybook
(B) 2 59. _____ is the shortcut to create contra
(C) 3 voucher in Tally.
(D) 4 (A) F2
Answer: B (B) F3
2 (C) F4
(D) F5
54. We can get the report of interest from Answer: C
Statements of Accounts F4
Inventory Books
(C) Cash and Fund flow 60. Where do we record purchase return, sales
(D) Account Books return, depreciation, bad debts etc. in Tally?
Answer: A Receipt
Statements of Accounts (B) Against
(C) Journal
55. We can use Stock Journal for Payment
Maintain VAT Answer: C
(B) Production and Consumption Journal
Inter Godown transfer for stock
(D) Both b and c 61. The shortcut used for Optional vouchers is
Answer: D Ctrl + A
Both b and c (B) Ctrl + L
(C) Ctrl + N
56. Which option is used to print From 16A of (D) Ctrl + M
TDS? Answer: B
Gateway of Tally → Display → Ctrl + Lalani
Statutory Report → TDS Reports →
Return → Print Form 16 A 62. Suspense Account Group is defined under
(B) Gateway of Tally → TDS Reports Assets
→ Return → Print Form 16 A (B) Liabilities
(C) Gateway of Tally → Return → Expenditure
Print Form 16 A Income
Gateway of Tally Answer: B
Return Liabilities
Form 16A
Answer: A 63. To alter a master while making an entry or
Gateway of Tally → Display → Statutory viewing a report
Report → TDS Reports → Return → Print (A) Ctrl + Enter
Form 16 A (B) Tab + Enter
 (C) Shift + Enter Esc
(D) Alt + Enter
Answer: A 70. How many secondary groups are there in
Ctrl + Enter Tally?
13
64. To see any report in detailed way, press (B) 15
F2 (C) 22
(B) Alt + C 28
(C) Alt + F1 Answer: A
(D) Alt + F2 13
Ans: B 71. _____ is the shortcut to stock journal from
Alt + C inventory Vouchers in Tally.
(A) Alt+F4
65. Predefined billing terms can be maintained (B) Alt+F5
through (C) Alt+F7
Stock Categories (D) Alt+F10
Maintain Multiple Godowns Ans: C
(C) Cost center Alt+F7
Voucher Class
Answer: D 72. Which Shortcut key is pressed to create a
Voucher Class new company in Tally?
(A) Alt+F3
66. Which key is used to post entry in Debit (B) Alt+F2
Note in tally? (C) F2
(A) Ctrl+F8 (D) F3
(B) Ctrl+F9 Ans: A
(C) F7 Alt+F3
(D) F8
Answer: B 73. Which option is used to make changes in
Ctrl+F9 created Groups of Ledgers in Tally?
Alter
67. Which shortcut key is used to enable Value (B) Create
Added Tax? (C) Display
F1 Change
(B) F2 Answer: A
(C) F5 Change
(D) F11
Answer: D 74. Which step is followed to view Purchase
F11 Register?
Gateway of Tally → Display →
68. _____ is the shortcut to indent from Purchase Register
Inventory Vouchers in Tally. (B) Gateway of Tally → Account
Ctrl+F7 Books → Sales Register
(B) Alt+F6 (C) Gateway of Tally → Display →
(C) Alt+F8 Sales Register
(D) Alt+F9 (D) None of these
Answer: A Answer: A
Ctrl+F7 Gateway of Tally → Display → Account
Books→ Purchase Register
69. Which key is pressed to go to Gateway of
Tally from company Info. Menu? 75. While exporting Ledgers from Tally to
Ctrl Web page, we use
(B) Enter (A) ASCII Format
(C) Alt (B) HTML Format
(D) Esc (C) SDF Format
Answer: D (D) XML Format
Ans: B (B) Shut Company
HTML Format (C) Alter
(D) None of these
76. Company restore option is available in Answer: C
Configuration Alter
(B) Company Features
(C) Company Information 83. Which of the following is not compulsory?
Both A & B to create while entry in Accounts with
Ans: C Inventory?
Company Information Stock Groups
77. To hide the name of the Company you (B) Stock Categories
need to define (C) Stock Items
Tally Vault Password (D) Units of Measure
B) Tally Audit Ans: B
(C) Create at least one User Stock Categories
Security Control
Answer: A 84. To create a sales voucher in Tally, you have
Tally Vault Password to press _____
F5
78. Goods returning to a Creditor after challan (B) F6
but before the bill we need to pass (C) F7
Debit Note (D) F8
(B) Receipt Note Ans: D
(C) Rejection In F8
Rejection Out
Answer: D 85. How can we see Vat Reports?
Rejection Out Gateway of Tally > Display >
Statutory Reports
79. There are _____ predefined ledgers. B) Gateway of Tally > Display >
One Statutory In
Two Gateway of Tally > Vat Reports
Three (D) Gateway of Tally > Display
Four Ans: A
Answer: B Gateway of Tally > Display > Statutory
Two Reports

80. Which option is used to exit Tally? 86. We can modify an existing Company from
Exit Gateway of Tally > Modify
(B) Quit Company
(C) Close (B) Company Info > Alter Company
Shut company (C) Company Info > Alter
Ans: B Both a and b
Quit Answer: C
Company Info > Alter
81. _____ is the shortcut to rejection out from
Inventory Vouchers in Tally. 87. Total number of Ledgers, Groups, Entries
(A) Alt+F6 etc. can be shown from
(B) Alt+F8 Accounts Information
(C) Alt+F9 (B) Company Information
(D) Ctrl+F6 (C) Tally Audit
Answer: A Statistics
Alt+F6 Answer: D
Statistics
82. Which option is used in Tally to make
changes in created company? 88. BOM represents
(A) Select Company Bill of Materials
 Bill of Maintenance
(C) Billing of Machines 95. Party account can be created through
All of these Inventory creation window
Ans: A (B) Group creation window
Bill of Materials (C) Ledger creation window
Any one of them
89. To print a voucher from Tally we need to Ans: C
press Ledger creation window
(A) Alt + P
(B) Ctrl + Alt + P 96. For Export of Data from Company to
(C) Ctrl + P Company Tally uses
(D) Shift + P (A) XML Format
Answer: A (B) ASCII Format
Alt + P (C) SDF Format
None of these
90. How many built-in Accounts groups are there? Ans: A
tally by default? XML Format
29
(B) 30 97. We can change the Company Information
(C) 34 from
(D) 37 (A) Company Info > View
Ans: C (B) Company Info > Split Company
34 Data
(C) Company Info > Back up
91. Reversing journal is a (D) Company Info > Alter
Report Voucher Ans: D
Conventional Voucher Company Info > Alter
Unconventional Voucher
(D) Both a and b 98. Manufacturing journal creates based on
Ans: C Purchase Quotation
Unconventional Voucher (B) Stock Journal
(C) Receipt Note
92. Input Vat Ledger is created under which (D) Journal
account? Ans: B
Sales Stock Journal
Sales Return
(C) Duties & Taxes 99. Transfer from Main Cash to Petty Cash
All of these you require to pass _____ voucher.
Answer: C (A) Against
Duties & Taxes (B) Payment
(C) Receipt
93. To create purchase order press None of these
(A) Alt +F3 Answer: A
(B) Alt + F4 Against
(C) Ctrl + F4
(D) F4 100. To show the cheque number while
Ans: B reconciling Bank Accounts press
Alt + F4 (A) CTRL + F11
(B) CTRL + F12
94. Podemos repetir la narración presionando (C) F11
(A) Alt + Shift + R (D) F12
(B) Alt + R Answer: D
(C) Shift + R F12
(D) Ctrl + R
Answer: D 101. To activate Job Costing which options
Ctrl + R require to be activated?
 (A) Maintain VAT
(B) Maintain Cost Centre 108. Which option is used to copy company’s
(C) Use Cost Centre for Job Costing data into pen drive or cd?
Both b and c Restore
Answer: D (B) Backup
Both b and c (C) Copy data
(D) Split company data
102. Service Tax Report can be seen from Ans: B
(A) Display > Account Books Backup
(B) Display > Statutory Reports 109. How many groups are pre-defined in
(C) Display > Day Book Tally?
(D) Display > Statutory Masters 15
Answer: B (B) 19
Display > Statutory Reports (C) 28
30
103. Retained Earnings is an alias of Answer: C
Investments 28
(B) Capital Account
(C) Indirect Income 110. In general the Financial year from shall
(D) Reserve and surplus be from
Ans: D 31st March of any year
Reserve and surplus 1st April of any year
(C) 9th September of any year
104. Data Folder of a Company consists of All of the above
3 digits Ans: B
(B) 4 digits 1st April of any year
(C) 5 digits
(D) 6 digits 111. To change Current Date from Gateway of
Ans: C Tally press the key
5 digits (A) F1
(B) F2
105. To see the report of unconventional (C) F5
vouchers go to (D) F9
Display- Trial Balance Answer: B
(B) Display- Exception Reports F2
(C) Display- Account Books
(D) Display- Day Book 112. _____ is the shortcut for purchase
Answer: B voucher in Tally.
Display- Exception Reports F5
(B) F9
106. _____ is the shortcut to change the (C) Alt+F4
accounting period from Gateway of Tally. (D) Alt+F5
F1 Answer: B
(B) Alt+F1 F9
(C) Alt+F2
(D) Alt+F3 113. The tax collected by the seller from the
Answer: C buyer is generally called
Alt+F2 Value Added Tax (VAT)
Fringe Benefit Tax (FBT)
107. Double Entry System was introduced in C) Tax Collected at Source (TCS)
Italy Tax Deducted at Source (TDS)
India Ans: C
(C) Japan Tax Collected at Source (TCS)
America
Answer: A 114."Allow components list details (Bill
Italy The "Materials" option is activated for
 Budgets (C) Ctrl+F4
(B) Stock Items (D) Ctrl+F5
(C) Ledgers Ans: B
(D) Cost Category Alt+S
Ans: B
Stock Items 121. "Alias" represents
Code name
115. To change the date, shortcut used Nick name
(A) F1 (C) Short name
(B) F2 All of these
(C) Alt+F2 Ans: D
(D) Alt+F3 All of these
Answer: B
F2 122. _____ is a record of all monetary
transactions.
116. How to activate the tally audit feature in a Account
company? (B) Asset
(A) Press F12 key Accrual basis
(B) In comp info-> security control- (D) Credit
option Ans: A
(C) During the creation of a company Account
(D) Press F11 key
Answer: C 123. Stock maintained for production purpose
During the creation of a company is called
(A) Inventory
117. Which shortcut key is used to shut down? Trial balance
opened company in Tally? (C) Payroll
F1 (D) Ledger
(B) F3 Answer: A
(C) Alt+F1 Inventory
(D) Alt+F3
Answer: C 124. How many types of companies can there be?
Alt+F1 created in Tally?
(A) 2
Bad loans in banking terminology are (B) 3
generally known as (C) 4
CBS (D) 5
(B) NPAs Answer: A
Prime Asset 2
(D) BPOs
Ans: B 125. In taxation, VAT stands for Value Added Tax.

NPAs Value Approved Tax

Value Added Tax
119. The tax collected by the employer (C) Value Added Transaction
towards income of an employee is called Value Assigned Tax
Value Added Tax (VAT) Answer: B
Fringe Benefit Tax (FBT) Value Added Tax
(C) Tax Collected at Source (TCS)
Tax Deducted at Source (TDS) 126. _____ is the shortcut to vouchers as
Answer: D invoice from Accounting Vouchers in Tally.
Tax Deducted at Source (TDS) (A) Alt+I
(B) Ctrl+V
120. _____ is the shortcut to payroll as (C) Ctrl+F10
Voucher from Payroll Vouchers in Tally. (D) F10
Alt+A Answer: B
(B) Alt+S Ctrl+V
 F2
127. To save entry without any amount, we
have to use 133. To get Payroll Reports choose
(A) Allow O value entry (A) Gateway of Tally > Display >
(B) Use Rej. Notes Payroll Reports
(C) Maintain Multiple warehouses Gateway of Tally > Display >
(D) Cost Center Statement of Payroll
Ans: A (C) Gateway of Tally > Display >
Allow O value entry Statement of Accounts
128. _____ considers incoming money to be (D) Tally Gateway > Display
instantly available and reduction of cash to Answer: A
occur only on the date of actual outflow of Gateway of Tally > Display > Payroll Reports
money (instead of the date of transaction).
(A) Asset 134. What is the predefined number of groups
Accrual basis in tally?
(C) Credit 16
(D) Debit (B) 28
Ans: B (C) 128
Accrual basis (D) 228
Ans: B
129. Which option is used to open company 28
created in Tally?
Alter 135. A Debit note is a statement sent to the
Shut Company _____ by the _____
(C) Create Company (A) Buyer, seller
(D) Select Company Seller
Answer: D (C) Creditor, seller
Select Company Customer, seller
Ans: B
130. Which ledger is created by Tally Seller
automatically as soon as we create a new
company? 136. _____ is the shortcut for sales order in
(A) Capital Account. Tally.
Profit & Loss A/c F8
(C) Cash (B) F9
(D) B and C both (C) Alt+F4
Ans: D (D) Alt+F5
B and C both Answer: C
Alt+F4
131. In which voucher type, amount of VAT
or TDS payable to the government will be 137. In taxation, TCS stands for
noted? Tariff Collected at Station
F4:Against Tax Combined at Source
(B) F5:Payment C) Tax Collected at Source
(C) F6:Receipt Tax Creation at Source
(D) F7: Journal Ans: C
Answer: B Tax Collected at Source
F5:Payment
138. _____ is the shortcut to rejection in from
132. To change Current Date from Gateway of inventory Vouchers in Tally.
Tally press the key Alt+F4
(A) F1 (B) Alt+F5
(B) F2 (C) Alt+F7
(C) F5 (D) Alt+F9
(D) F9 Answer: B
Ans: B Alt+F5
 145. In which voucher type are credit sales?
139. Can we allow Expenses/Fixed Assets in recorded in Tally?
Purchase vouchers? Payment
Yes (B) F6:Receipt
No (C) F7: Journal
(C) Wrong Question Sales
Both a and b Ans: D
Answer: A F8:Sales
Yes
140. _____ is the shortcut to reversing journal 146. Which shortcut key is pressed for
from Accounting Vouchers in Tally. voucher entry or deleting a ledger?
(A) F10 (A) Alt + D
(B) Ctrl+F10 (B) Alt + A
(C) Alt+I (C) Alt + C
(D) Alt+V (D) Alt + X
Answer: A Answer: A
F10 Alt + D

141. _____ denotes reduction in money or 147. Which shortcut key is used to enable Tax
increase in liability. Deducted at Source [TDS]?
Accounting F9
(B) Against (B) F11
(C) Cash (C) F12
Inventory (D) Alt + F12
Answer: B Answer: B
Against F11

142. Which shortcut key is pressed to go to 148. Which reports are prepared monthly in
company Info. Menu from Gateway of Tally? Tally?
(A) Alt+F1 Profit & Loss A/C
(B) Alt+F2 (B) Balance Sheet
(C) Alt+F3 (C) Cash Flow of Funds Flow
(D) Alt+F4 (D) Trial Balance
Answer: C Answer: D
Alt+F3 Trial Balance

143. Which menu is used to create new 149. To see reports of Job Work Analysis
ledgers, groups and voucher types in Tally? Display Statement of Accounts Cost
Masters Center-Job work
(B) Import (B) Display-Statement of accounts
(C) Reports (C) Display-Statement of accounts-Job
(D) Transactions Work Analysis
Answer: A (D) None of these
Masters Ans: C
Display Statement of Accounts - Job Work Analysis
144. Which shortcut key is used in 'Company
Features’ screen to use Inventory Features in 150. Which shortcut key(s) are used to enter a
Tally? stock journal in tally?
F1 Alt + F7
(B) F2 Control + F7
(C) F3 (C) Shift + F7
(D) F4 (D) F7
Ans: B Answer: A
F2 Alt + F7

A ‘credit note’ is sent by _____ to _____

 (A) Customer, seller (C) Balance sheet & profit & loss
(B) Buyer, seller profit & loss and trial balance
(C) Creditor, seller (D) Cash and profit & loss
(D) Seller, buyer Answer: D
Ans: D Cash and profit & loss
seller
158. _____ is the shortcut to receipt note from
152. _____ denotes movable or immovable Inventory Vouchers in Tally.
property and inventory. (A) Alt+F6
Asset (B) Alt+F8
(B) Accrual basis (C) Alt+F9
(C) Credit (D) Ctrl+F7
Debit Ans: C
Answer: A Alt+F9
Asset
159. _____ denotes increase in money.
153. In taxation, FBT stands for Fringe Benefits Tax. Debit
Fringe Benefit Tariff Credit
Fringe Benefit Tax (C) Asset
(C) Frame Benefit Tax (D) Accrual basis
Fast Benefit Tax Answer: B
Ans: B Credit
Fringe Benefit Tax
160. _____ is the shortcut for sales voucher in
154. _____ is the shortcut to set date in Tally. Tally.
(A) F2 (A) Alt+F4
(B) F4 (B) Alt+F5
(C) F5 (C) F8
(D) F6 (D) F9
Answer: A Ans: C
F2 F8

155. In taxation, TDS stands for Tax Deducted at Source. 161. Which option is used to place data taken
Tariff Deduction at Source in pen drive or CD to Appropriate place in
Tax Deducted at Source Tally?
Tax Deducted at Source A) Split Company Data
Tax Deviation at Source Backup
Answer: B (C) Restore
Tax Deducted at Source None of these
Answer: C
156. Which option is true for viewing Profit & Restore
Loss Account in Gateway of Tally?
Gateway of Tally → Account 162. Which shortcut key is used to take print
Books → Profit & Loss A/C of VAT or TDS reports?
(B) Tally Gateway → Display → (A) Shift + P
Profit & Loss A/C (B) Alt + P
(C) Gateway of Tally → Reports → (C) Ctrl + Alt + P
Profit & Loss Account (D) Ctrl + P
None of these Ans: B
Ans: C Alt + P
Gateway of Tally → Reports → Profit & Loss
A/C 163. To activate MRP feature from Gateway
Of Tally initially we need to press
157. Default ledger accounts in Tally are F10
Profit & loss and trial balance (B) F11
(B) Cash and bank (C) F12
 (D) Alt + F1 Alt + F7
Answer: C
F12 170. _____ is the shortcut to journal from
accounting vouchers in tally.
164. Which option lists inventory valuation (A) F7
method in tally? (B) F8
Stock analysis (C) Alt+F1
(B) Stock summary (D) Ctlr+F1
(C) Stock report Answer: A
(D) Stock journal F7
Ans: B
Stock summary 171. Amount payable as TDS can be known
by which report in Tally?
165. _____ is the shortcut to Payroll Auto fill E-Return
from Payroll Vouchers in Tally. (B) Form-26
(A) Alt+S (C) Computation
(B) Alt+A (D) Print Form 16A
(C) Ctrl+F4 Ans: C
(D) Ctrl+F5 Computation
Answer: B
Alt+A 172. To declare a voucher as post dated press
(A) Ctrl + P
166. Which shortcut key is pressed to view (B) Ctrl + D
features in tally? (C) Ctrl + T
(A) Alt+11 (D) Alt + T
(B) F10 Ans: C
(C) F11 Ctrl + T
(D) F12
Ans: C 173. How can data be imported in Tally?
F11 Depends on the number of companies
One company to another company
167. Which option is used to view Stock Items created within Tally Package
or Group Summary? (C) Other programs - a spreadsheet or
(A) Display a database file.
(B) Statutory Books (D) Both B and C
(C) Accounts Books Answer: D
Inventory Books Both B and C
Ans: D
Inventory Books 174. Which file in Tally is used to record the
import activity?
168. _____ is the shortcut to shut a company Tally.dat
in Tally. (B) Tally.imp
(A) Alt+F1 (C) Tally.ini
(B) Alt+F2 None of the above
(C) Alt+F3 Ans: C
(D) F1 Tally.ini
Answer: A
Alt+F1

169. For stock journal entry we press _____ in

tally.
(A) F7
(B) F10
(C) F11
(D) Alt + F7
Answer: D