Shortcun

tsiTayl
1……is the shortcut to set date in Tally.

(a)F6 (b)F5(c)F4(d)F2

2.……is the shortcut to create contra voucher in Tally.

(a)F6 (b)F5(c)F4(d)F2

3.….is the shortcut to create payment voucher in Tally.

(a)F6 (b)F5 F4

4……is the shortcut to create receipt voucher in Tally.

(a)F6(b)F5(c)F4(d)F2

5…………IshteshorctuotconfgiureacompanyniTayl.

(a)F6(b)F5(c)F4(d)F12

6………... is the shortcut to select a company in Tally.

(a)F1 (b)Alt+F1 (c)Alt+F2 (d)Alt+F3

7………shit.eshorctuotchangehteaccounnitgperoidfromGaetwayoT
fayl.

(a)F1 (b)Alt+F1 (c)Alt+F2 (d)Alt+F3

8……….. Is the shortcut to shut a company in Tally.

(a)F1 (b)Alt+F1 (c)Alt+F2 (d)Alt+F3

9.…...is the shortcut to company info from Gateway of Tally.

F1

10….. is the shortcut to inventory buttons from Accounting Vouchers in Tally.

(a)Alt+F1(b)Ctrl+F1(c)F7(d)F8

11…….. is the shortcut to payroll buttons from Accounting Vouchers in Tally.

(a)Alt+F1(b)Ctrl+F1(c)F7(d)F8

12.………is the shortcut to Journal from Accounting Vouchers in Tally.

(a)Alt+F1(b)Ctrl+F1(c)F7(d)F8

13.…is the shortcut to sales voucher from Accounting Vouchers in Tally.

(a)Alt+F1(b)Ctrl+F1(c)F9(d)F8

14......is the shortcut to purchase voucher from Accounting Vouchers in Tally.

(a)Alt+F1(b)Ctrl+F1(c)F9(d)F8

15.…..is the shortcut to credit note from Accounting Vouchers in Tally.

(a)Alt+F1(b)Ctrl+F1(c)Ctrl+F9(d)Ctrl+F8

16……is the shortcut to debit note from Accounting Vouchers in Tally.

(a)Alt+F1 (b)Ctrl+F1 (c)Ctrl+F9 (d)Ctrl+F8

(a)F10 (b)Ctrl+F10 (c)Alt+I (d)Alt+V

18………is the shortcut to reversing journal from Accounting Vouchers in Tally.

(a)F10 (b)Ctrl+F10 (c)Alt+I (d)Alt+V

19…….. is the shortcut to Memos from Accounting Vouchers in Tally.

(a)F10 (b)Ctrl+F10 (c)Alt+I (d)Alt+V

20.…is the shortcut to Accounting Invoice from Accounting Vouchers in Tally.

(a)F10 (b)Ctrl+F10 (c)Alt+I (d)Alt+V

21. is the shortcut to voucher as invoice from Accounting Vouchers in Tally.

(a)F10 (b)Ctrl+F10 (c)Alt+I (d)Ctrl+V

22. is the shortcut to post dated voucher from Accounting Vouchers in Tally.

(a)Ctrl+T(b)Ctrl+F10 (c)Alt+I (d)Ctrl+V

23. is the shortcut to optional voucher from Accounting Vouchers in Tally.

(a)Ctrl+T(b)Ctrl+L(c)Alt+I (d)Ctrl+V

24….is the shortcut to Payroll from PayrollVouchers in Tally.

Alt+A

25....is the shortcut to Attendance from Payroll Vouchers in Tally.

Alt+A

26….. is the shortcut to Payroll as Voucher from Payroll Vouchers in Tally.

(a)Alt+A (b)Alt+S (c)Ctrl+F5 (d)Ctrl+F4

27….is the shortcut to Payroll Auto fill from Payroll Vouchers in Tally.

(a)Alt+A (b)Alt+S (c)Ctrl+F5 (d)Ctrl+F4

28….is the shortcut to purchase order from PayrollVouchers in Tally.

(a)Alt+F4(b)Alt+F5(c)Ctrl+F5(d)Ctrl+F4

29….is the shortcut to sales order from PayrollVouchers in Tally.

Alt+F4

30….. is the shortcut to physical stock verification from Inventory Vouchers in Tally.

(a)Alt+F4(b)Alt+F5(c)Alt+F7(d)Alt+F10

31….is the shortcut to stock journal from InventoryVouchers in Tally.

(a)Alt+F4(b)Alt+F5(c)Alt+F7(d)Alt+F10

32..... is the shortcut to rejection in InventoryVouchers in Tally.

(a)Alt+F6 (b)Ctrl+F6 (c)Alt+F8 (d)Alt+F9

(a)Alt+F6(b)Ctrl+F6(c)Alt+F8(d)Alt+F9

34.….is the shortcut to Indent from Inventory Vouchers in Tally.

(a)Alt+F6(b)Ctrl+F7(c)Alt+F8(d)Alt+F9

35.…..is the shortcut to delivery note from InventoryVouchers in Tally.

(a)Alt+F6(b)Ctrl+F7(c)Alt+F8(d)Alt+F9

36.….is the shortcut to receipt note from Inventory Vouchers in Tally.

Alt+F6

Answers:
(d)
c
(b)

BudgetingsysteminTally
1. Budget in Tally is available under menu in Tally.

(a)GoT−>Payroll Info (b) GoT− >Inventory Info (c) GoT− >Accoun ng Info (d) none of them

2. Prior allocation of money for specific purposes using Tally is called.

budgeting

Budgets can be created using menu in Tally.

(a)GoT− >Accounts Info− >Groups− >Create (b) GoT− >Accounts Info− >Ledgers− >Create

(c)GoT−>AccountsInfo−>Scenarios−>Create(d)GoT−>AccountsInfo−>Budgets−>Create

4. Progress of expenses against budget allocation may be compared to the trial balance of original
company using menu inTrialBalance.

(a)Budget (Alt+B)(b)Column (Alt+C)(c) F6 (d) F7

Answers
(c)

B
acofcasu
inigt
1. Accounting is the recording of monetary transactions.

(a) recording (b) verfication (c) tallying (d) all of them

2. Accounting is concerned with transactions involving...

money
3. Accounting transactions relate to…….

(a) income/expense (b) asset/liability (c) inventory (d) all of them

The form used to record accounting transactions contains .......... columns.

(a) 3 (b) 5 (c) 8 (d) 11

5. The first 4 columns of the account sheet are used for recording……

credit

6.Columns 5 to 8 of account sheet are used for recording…………..

credit

The first column of the debit/credit form is used to record the type of transaction.

(a) date

8. The second column of debit/credit transaction is used to record the details of the transaction.

date

The third column of the debit/credit form is used to record the ... of the transaction.

(a) date

10. Fourth column of debit/credit form is used to record the details of the transaction.

date

11. The method of recording debit and credit sides separated by a line is nicknamed double-entry accounting.

Answers
1. (d) 2. (a) 10. (d) 11. (a)

Accountingterminologies
1………sia.recordoafm
l oneatryrtansacoitns.

Accrual basis

2.……..denotes increase in money.

Accrual basis

3……….. 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).

Accrual basis

4.………denotes movable or immovable property and inventory.

Accrual basis
5………d.enoetsreducoitnnimoneyonircreasenialbytil.

Accounting

Answers:
(d)

Voucherentry
1. The evidence/proof of a financial transaction is called… .

amount

2.…….is a format for recording financial transactions.

amount

3. Voucher has……….sides. (a) 2 (b) 3 (c) 5 (d) 7

4. The left side of a voucher is meant for…….. entries.

rough

5. The right side of a voucher is meant for……… entries.

rough

6.………voucher changes inventory position

Accounting

7…………v.ouchecrhangesmoneatryposoitn.

(a)Accounting (b) Inventory (c)Contra (d) none of them

A voucher transfers money from one deposit/loan account to another.

(a)Accounting (b) Inventory (c)Contra (d) none of them

Vouchers are……….before posting them in ledgers.

torn off

Transferring voucher entries to a ledger is called posting in ledger.

tearing

11. Journal entries carry the name of the account in which the transaction is to be posted.

account

12. The process of entering finalized financial transactions in a ledger is called.

Posting

13. Each ledger belongs to a specific...

voucher
A journal entry from the debit side is entered in the credit side of the ledger.

debit

15. A journal entry from the credit side is entered in the debit side of the ledger.

debit

AccountinginTally
Pressing the button in the Gateway of Tally opens company info in Tally.

(a)Alt+F3(b)F11(c)F5(d)F6

Pressing the key opens accounting features.

(a)Alt+F3(b)F11(c)F5(d)F6

3. Payroll, budgeting and scenario management may be enabled through……….menu in Tally.

(a)AccountingFeatures (b)InventoryFeatures (c)Statutory andTaxation (d) none of them

4. Account Groups, Ledgers, Budget and scenario are available under in Tally.

(a) Payroll Info (b) Inventory Info (c)Accounts Info (d) none of them

5. Inventory groups, (categories, if needed), items, units of measure, reorder level, inventory vouchers,
etc. are available under inTally.

(a) Payroll Info (b) Inventory Info(c)Accounts Info (d) none of them

6.Employee groups, employee, attendance/production types, pay heads, salary details, voucher types,
etc. are available under inTally.

(a) Payroll Info (b) Inventory Info (c)Accounts Info (d) none of them

Answers:
(a)

Inventory basics

1. Stock maintained for production purpose is called.. .

ledger

2. Inventory of general type can be created using… menu.

GoT -> Accounting Info -> Groups -> Create

(c)GoT->PayrollInfo->Groups->Create(d)noneofthem

3……is an optional grouping of inventory which can be accessed through Features (F11) -> Inventory
features.

Category

Items can be created under the given category using the menu in Tally.
 (a)GoT− >Accoun ng Info− >Ledgers− >Create (b) GoT− >Invetory Info− >Items− >Create

(c) GoT->Payroll Info->Employees->Create (d) none of them

5………is the shortcut for purchase order in Tally.

(a)F8(b)F9(c)Alt+F4(d)Alt+F5

6………shit.eshorctufotsraelsordenirTayl.

(a)F8(b)F9(c)Alt+F4(d)Alt+F5

7.……is the shortcut for purchase voucher in Tally.

(a)F8(b)F9(c)Alt+F4(d)Alt+F5

8.………..is the shortcut for sales voucher in Tally.

(a)F8(b)F9(c)Alt+F4(d)Alt+F5

Answers:
(d) 3. (a) b

Taxation in Tally

1. In taxation, TDS stands for...

Tax Deviation at Source

2. In taxation, TCS stands for..........

Tax Creation at Source

3. In taxation, FBT stands for……..

Fringe Benefit Tax

4. In taxation, VAT stands for……….

Value Assigned Tax

5. The tax collected by the employer towards income of an employee is called ...

Tax Deducted at Source (TDS)

6. The tax collected by the seller from the buyer is generally called….

Tax Deducted at Source (TDS)

Answers
(c)