A. CTRL+ N B. CTRL+ M C. CTRL+ A D. CTRL+ S Ans. A
Tally
For entries involving both cash and Bank transactions, we use ____________voucher
A. Contra voucher B. Sales voucher C. Purchase voucher D. Journal voucher Ans. A
Tally
To open/create a sales voucher in tally , you have to press _________ button.
A. F9 B. F8 C. F5 D. F7 Ans. B
Tally
_____ is the submenu used for voucher entry.
A. Vouchers B. Accounts Info. C. Accounting Vouchers D. None of these Ans. C
Tally
In tally, “credit note” voucher type records entry for __________
A. None of these B. Both of these C. Purchase Return D. Sales Return Ans. D
Tally
We record all type of adjustment entry under ________________ in Tally.
A. F7:Journal B. F6:Receipt C. F4:Contra D. F5:Payment Ans. A
Tally
The shortcut key to quit from tally is
A. Ctrl +L B. Ctrl +P C. Ctrl +M D. Ctrl +Q Ans. D
Tally
F12 key is Known as
A. Company feature B. Company Configuration C. Accounting Feature D. None of these Ans. B
Tally
To print a voucher from tally we need to press
A. Ctrl +p B. Shift +P C. Alt +P D. None of these Ans. C
Tally
we can Modify an existing company from
A. Company info > Alter B. Company info> Alter Company C. Geteway of tally > Modify company D. None of these Ans. A
Tally
Multiple Godowns are activated from
A. F11 B. F11> F1 C. F11 > F2 D. F11 > F3 Ans. C
Tally
There are ………… Predefined Ledger
A. Three B. Three C. Two D. Four Ans. C
Tally
Which key is pressed to go to Gateway of Tally from company Info. Menu?
A. Esc B. Alt C. Enter D. Ctrl+Enter Ans. A
Tally
Balance sheet display _________
A. Bank and cash Balances B. Entire summary of the all Transaction C. Exact financial position of the business on specific date D. Entire summary of the all Transaction Ans. C
Tally
Rates & Taxes comes under ____________ Groups.
A. Income B. Duties & Taxes C. Expenditure D. None of the above Ans. B
Tally
TDS is applied on which of the following incomes?
A. Professional Fee B. Commission of lottery ticket C. Salary Income D. All of these Ans. D
Tally
All expenses and losses always having _________?
A. Credit balance B. Debit balance C. Balance entered in voucher D. Exact difference balance Ans. B
Tally
In Tally, which voucher type is used to transfer amount from one bank to another?
A. Payment B. Receipt C. Journal D. Contra Ans. D
Tally
To create a sales voucher in tally, you have to press the key _______
A. F5 B. F7 C. F6 D. F8 Ans. D
Tally
For what period is a registration certificate valid?
A. 5 Years B. 10 Years C. Till Not Cancelled D. 1 Year Ans. C
Tally
Is PAN Number mandatory for GST Registration?
A. Yes B. No C. Not Applicable D. Non-Mandate Ans. A
Tally
In which purchase is IGST Payable?
A. Intra State B. Inter State C. Inter Continents D. Inter Union Territories Ans. B
Tally
CGST and SGST are levied as a part of which purchase?
A. Inter Continent B. Intra State C. Inter-State D. None of the above Ans. B
Tally
What is the GST rate slab for Goods & Services?
A. 0% 5% 12% 18% 26% B. 0% 6% 12% 18% 28% C. 0% 5% 12% 18% 28% D. 0% 5% 12% 16% 28% Ans. C
Tally
When did GST come into action in India?
A. 1st Jan 2015 B. 1st April 2014 C. 1st July 2017 D. 30th September 2017 Ans. C
Tally
Which shortcut key is pressed for voucher entry or deleting a ledger?
A. Alt + A B. Alt + C C. Alt + X D. Alt + D Ans. D
Tally
Which shortcut key is used to export data of any company in Microsoft Excel spreadsheet or in any other company?
A. Alt + E B. Alt + P C. Alt + S D. Alt + O Ans. B
Tally
Which shortcut key is used to take print of any report in Tally?
A. Ctrl + P B. Shift + P C. Alt + Ctrl + P D. Alt + P Ans. D
Tally
Which submenu is used to create new ledgers, groups and voucher types in Tally?
A. Inventory Info B. Account Info C. Accounting Vouchers D. Inventory Vouchers Ans. B
Tally
After creating a new company, which ledger we don’t need to create?
A. Cash B. Profit & Loss A/c C. Capital A/c D. A and B both Ans. D
Tally
Which option is used in Tally to make changes in created company?
A. Select Company B. Shut Company C. Alter D. None of these Ans. C
Tally
Which Shortcut key is pressed to create a new company in Tally?
A. F3 B. Alt + F3 C. F2 D. Alt + F2 Ans. B
Tally
To change the date, ___________ shortcut used.
A. Alt + F2 B. Alt + F3 C. F2 D. F1 Ans. C
Tally
Which shortcut key is used to view Report with all details in Tally?
A. F1 B. Alt + F1 C. F3 D. Alt + F2 Ans. B
Tally
Bank account is _________
A. Personal account B. Real account C. Nominal account D. Intangible real account Ans. A
Tally
Changes in accounts are possible only in __________.
A. Display mode B. Alternation mode C. Single mode D. Multiple mode Ans. B
Tally
Debit note is used for entering ____________.
A. Purchases B. Sales C. Purchase return D. Sales return Ans. C
Tally
In Tally “Alias” represents __________.
A. Short name B. Nick name C. Code name D. All of these Ans. D
Tally
Which option is used to move from one company to another when more than one companies are open?
A. Company info B. B) Shut company C. Select company D. Company Ans. C
Tally
Rs 20,000 withdraw from state bank, in which voucher type this transaction will be recorded?
A. Payment B. Receipt C. Contra D. Post-Dated Ans. C
Tally
Which function key is used to enter payment?
A. F3 B. F5 C. F7 D. F9 Ans. B
Tally
Which shortcut key is used to open debit Note Voucher?
A. Alt + F9 B. Alt + F10 C. Ctrl + F9 D. Ctrl + F10 Ans. C
Tally
Which function key is used to enter purchase?
A. F6 B. F7 C. F8 D. F9 Ans. D
Tally
Which function key is used to enter receipts?
A. F2 B. F4 C. F6 D. F8 Ans. C
Tally
Which sequence of option is used to view the trial balance on the screen?
A. Gateway of Tally →Trial balance B. Gateway of Tally → Display → Trial Balance C. Gateway of Tally → Accounts Info → Trial Balance D. Gateway of Tally → Display → Account Book → Trial balance Ans. B
Tally
Which shortcut key is used to shut a company from the gateway of Tally screen?
A. Alt + F1 B. Alt + F3 C. Alt + F5 D. Alt + F7 Ans. A
Tally
Which combination of key is used to save the information in Tally?
A. Ctrl + A B. Ctrl + I C. Ctrl + S D. Ctrl + X Ans. A
Tally
Which term is used for all the amounts payable by a business concern to outsiders?
A. Assets B. Capitals C. Debits D. Liabilities Ans. D
Tally
Which term is used for the amount invested for starting a business by a person?
A. Asset B. Capital C. Debit D. Liabilities Ans. B
Tally
_____ is the shortcut to Payroll Auto fill from Payroll Vouchers in Tally.
A. Alt+S B. Alt+A C. Ctrl+F4 D. Ctrl+F5 Ans. B
Tally
To remove a line at all reports screen, shortcut is
A. Alt + R B. Alt + S C. Alt + 1 D. Alt + T Ans. A
Tally
Transfer of materials from one godown to another godown, use
A. Stock Journal B. Purchase Journal C. Manufacturing Journal D. Both a and b Ans. A
Tally
We can cancel a voucher using
A. Alt + X B. Ctrl + Shift + X C. Ctrl + X D. Shift + X Ans. A
Tally
What is MRP?
A. Minimum Retail Price B. Maximum Retail Price C. Marginal Price D. Market Price Ans. B
Tally
The shortcut used to activate calculator is
A. Ctrl + A B. Ctrl + B C. Ctrl + M D. Ctrl + N Ans. D
Tally
Single Entry mode is applicable for
A. Payment Voucher B. Contra C. Receipt Voucher D. All of these Ans. D
Tally
Tally package is developed by
A. Microsoft B. Adobe Software C. Apple Software D. Tally Solutions Ans. D
Tally
Which option is used to view list of Primary and Secondary groups in Tally?
A. Accounts B. List C. List of Accounts D. None of these Ans. C
Tally
Recording of actual stock as physically verified or counted is done through
A. Sales B. Journal C. Stock Journal D. Physical Stock Ans. D
Tally
We can see list of Memorandum Vouchers from
A. Accounts Books B. Cash/Bank Books C. Exception Reports D. Trail Balance Ans. C
Tally
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 Ans. D
Tally
Bank OCC a/c is a group defined under
A. Loan & Liability B. Secured Loan C. Unsecured Loan D. Bank Account Ans. A
Tally
TDS deduction entry can be made through
A. Journal voucher B. Payment Voucher C. Receipt Voucher D. All of these Ans. A
Tally
To active MRP feature from Gateway of Tally initially we need to press
A. F10 B. F11 C. F12 D. Alt+F1 Ans. C
Tally
Which shortcut key is used in ‘Company Features’ Screen to use Statutory & Taxation in Tally?
A. F1 B. F2 C. F3 D. F4 Ans. C
Tally
Which shortcut key(s) are used to display list of inventory reports within balance sheet?
A. F8 B. F9 C. F10 D. F11 Ans. B
Tally
_____ is the shortcut to Attendance from Payroll Vouchers in Tally.
A. Ctrl+F4 B. Ctrl+F5 C. Alt+A D. Alt+S Ans. A
Tally
Which option is used to view list of Primary and Secondary groups in Tally?
A. Accounts B. List C. List of Accounts D. None of these Ans. C
Tally
Data Folder of a Company consists of
A. 3 digits B. 4 digits C. 5 digits D. 6 digits Ans. C
Tally
Retained Earnings is an alias of
A. Investments B. Capital Account C. Indirect Income D. Reserve and surplus Ans. D
Tally
Service Tax Report can be seen from
A. Display > Account Books B. Display > Statutory Reports C. Display > Day Book D. Display > Statutory Masters Ans. B
Tally
To activate Job Costing which options require to be activated?
A. Maintain VAT B. Maintain Cost Centre C. Use Cost Centre for Job Costing D. Both b and c Ans. D
Tally
To show the cheque number while reconciling Bank Accounts press
A. CTRL + F11 B. CTRL + F12 C. F11 D. F12 Ans. D
Tally
Transfer from Main Cash to petty Cash you require to pass _____ voucher.
A. Contra B. Payment C. Receipt D. None of these Ans. A
Tally
Manufacturing journal creates based on
A. Purchase Quotation B. Stock Journal C. Receipt Note D. Journal Ans. B
Tally
We can change the Company Information from
A. Company Info > View B. Company Info > Split Company Data C. Company Info > Back up D. Company Info > Alter Ans. D
Tally
Party account can be created through
A. Inventory creation window B. Group creation window C. Ledger creation window D. Any one of them Ans. C