Computer/MCQ Questions on Tally Set 2 Sample Test,Sample questions

Question:
 A trial balance is a ________

1.Ledger

2.Journal

3.Account

4.List


Question:
 Calculator area can be activated using

1.Alt + F2

2.Ctrl + M

3.Ctrl + N

4.. Alt + M


Question:
 Company features in tally includes

1.Accounting features

2.Inventory features

3. Statutory features

4.All the above


Question:
 Employee salary details are shown in

1.Attendance sheet

2. Gratuity papers

3. Exact reports

4.Payroll


Question:
 F10 is the short key for ________ Voucher

1.Payment

2.Memo

3.Receipt

4.Purchase


Question:
 For selecting debit note voucher we have to use ________ key

1. Ctrl + F9

2. Ctrl + F8

3. Alt + F7

4.Alt + F8


Question:
 Function key for changing current period is

1. Alt + F2

2.F2

3.F5

4.F6


Question:
 Function key for selecting payment voucher is

1.F5

2.F6

3.F11

4.F9


Question:
 Function key to select journal voucher is

1.F5

2.F6

3.F7

4.F2


Question:
 Function key to select purchase voucher is

1.F8

2.F9

3.F4

4.F3


Question:
 Function key to select sales voucher is

1.F8

2.F9

3.F4

4.F3


Question:
 Recording of actual stock as physically verified or counted is done through

1. Journal

2.Stock Journal

3.Physical Stock

4.Sales


Question:
 Which key is pressed to post entries in double entry accounting system instead of single entry system in Tally.ERP9

1.F11

2.F12

3.Alt + F11

4.Alt + F12


Question:
 Which of the following can be budgeted in tally

1.Nett Transactions

2.Closing Balance

3. Both A and B

4.None of the above


Question:
 Which shortcut key is pressed to create a new Ledger during voucher entry

1. Alt + C

2.Alt + X

3.Alt + D

4.Alt + A


Question:
 Which shortcut key is pressed to display Part No. for automobile industries

1.F1

2.F2

3.F11

4.F12


Question:
 Which shortcut key is used to shut opened company in Tally

1.. F1

2.Alt + F1

3. F3

4.Alt + F3


Question:
A ‘credit note’ is sent by ________ to _____

1.Seller buyer

2.Buyer seller

3. Customer seller

4.Creditor seller


Question:
A company can be deleted only in

1. Display

2.Alter

3.Delete

4.Create


Question:
A Group Company is ________ given to the merged accounts of member companies of the group

1. a name

2.an identity

3.A and B

4.None of the above


Question:
A ________ serves the purpose of both journal and ledger accounts

1.Journal proper

2.Purchase day book

3. Cash book

4.Any of the above


Question:
‘Allow components list details (Bill of Materials)’ option is activated for

1.Ledgers

2.Cost Category

3.Stock Items

4.Budgets


Question:
Budget represents _

1.Estimation

2.Forecasting

3.Assumption

4.All the above


Question:
Default ‘godown’ name in tally is ________

1.A. Primary

2.Main location

3. A or b D

4.None of the above


Question:
Default invoice mode is on for Sales or Purchase entry. Which key should be pressed for entry of sales or Purchase as a voucher

1.Alt + V B.

2. Ctrl + V

3.Alt + F8

4.. Alt + F9


Question:
Default ledger accounts in tally are ________

1.Balance sheet profit ; loss and trial balance

2.Profit ; loss and trial balance

3. Cash and profit ; loss accounts

4.Cash and bank accounts


Question:
Discount Column is available in

1.Sales Invoice

2.Purchase Invoice

3.Both (a) and (b)

4.None of the these


Question:
F12 button is used to select ________ option

1.Select company

2.More features

3.Inventory

4.Configuration


Question:
F2 is used for

1.Changing current date

2.Changing current period

3.Change the voucher

4. Select payment voucher


Question:
Find out which is not a Default Ledger in Tally

1.Cash in Hand

2.Capital Account

3. Profit ; Loss

4.None of the these


Question:
For selecting a company use ________ key

1.F1

2.F2

3.F6

4.F7


Question:
For selecting credit note voucher we have to use ________ key

1.Ctrl + F9

2.Ctrl + F8

3.Alt + F7

4.. Alt + F8


Question:
Full form of ODBC

1.Open database connectivity

2.Open database calculating

3.Open document basically

4.Order data base connection


Question:
Function key for changing date is

1.Alt + F2

2.F2

3. F5

4. F6


Question:
Function key for payment voucher is

1.F3

2.F4

3.F3

4.F6


Question:
Function key for receipt voucher is

1.F3

2.F4

3.F5

4.F6


Question:
Function key to select contra voucher is

1.F4

2.F8

3.F9

4.F7


Question:
How can data be imported in tally

1.One company to another company created within Tally Package

2.Other programs – a spreadsheet or a database file

3.Depends on number of companies

4. Both A and B


Question:
How many types of users are present in tally

1.1

2.2

3.3

4.4


Question:
How to activate the tally audit feature in a company

1.Press F11 key

2.During the creation of a company

3. In comp info > security control-option

4. Press F12 key


Question:
In tally you get currency symbol option from ________ menu

1. Company creation

2. Stock items units

3. Regional setting

4.None of the above


Question:
In which voucher type credit purchase entry is posted in Tally

1.F5:Payment

2.F7:Journal

3. F9:Purchase

4.F6:Receipt


Question:
In which voucher type credit sales is recorded in Tally

1.F5:Payment

2.F6:Receipt

3.F7:Journal

4.F8:Sales


Question:
Inventory books’ is used to view

1.Stock Items

2.Group Summary

3.Both A and B above

4.None of the these


Question:
List of Optional Voucher we can get from

1. Cash Bank Books

2.Exceptional Reports

3.Accounts Books

4. Balance Sheetz


Question:
Optional Voucher is one type of

1.Conventional Voucher B.

2.Unconventional Voucher

3.Both (a) ; (b)

4.None of the these


Question:
Professionals usually maintain accounts as

1.Accounts with inventory

2.Accounts only

3.Normal accounting

4.Payroll accounting


Question:
Retained Earnings is an alias of

1.Indirect Income

2.Reserve and Surplus

3.Capital Account

4.Investments


Question:
Salary comes under ________ Head

1.Direct expense

2.Current liability

3.Indirect expense

4.Current asset


Question:
Sales return are recorded in ________ Voucher

1.Sales voucher

2.Debit note

3.Receipt

4.Credit note


Question:
Tally vault’ is a ________

1.A. Security mechanism

2.Ledger a/c

3.Cost category

4.None of the above


Question:
The home screen of tally is also known as

1.Menu bar

2.Gateway of tally

3.Accounts info

4.Button tool bar


Question:
The Profit & Loss statement can be displayed in ________ format(s).

1.Horizontal

2.Vertical

3.A or B

4.None of the above


Question:
The rate of trade discount varies with the ________ purchased

1. Total asset

2.Current asset

3.Quantity

4.None of the these


Question:
The short key for changing period in tally is

1.Alt + F3

2. Alt + F2

3.Ctrl + F1

4.Ctrl + F2


Question:
The short key for company creation is ________

1. Ctrl+ F2

2. Alt + F2

3. Alt + F3

4.Ctrl + F3


Question:
To create Scenario which option requires to be activated

1.Use Rev Journal ; Optional voucher in F12

2.Use Optional voucher in F11

3.Use Reversing voucher in F11

4.Use Rev journal ; Optional voucher in F11


Question:
To see any report in detailed way, press

1.Alt + F2

2. F2

3.Alt + C

4.Alt + F1


Question:
To see reports of Job Work Analysis

1.Display > Statements of Accounts > Job Work Analysis

2.Display > Job Work In Reports > Job Work Analysis

3.Display > Statements of Accounts> Cost Centre > Job Work Analysis

4.None of the these


Question:
Transfer of materials from one godown to another godown, use

1. Manufacturing Journal

2.Stock Journal

3.Purchase Journal

4.Both A ; B


Question:
Trial balance is prepared on ________ basis

1. Monthly

2.Annually

3.Half yearly

4.Any of the above


Question:
Vouchers can be displayed in

1.Accounts info

2.Day book

3.Inventory info

4.Ledger


Question:
We can create multiple users in Tally activating

1.Tally Audit

2.Use Security Control

3.Both (a) and (b)

4.None of the these


Question:
We can get the report of Interest from

1.Account Books

2.Cash and Fund flow

3. Inventory Books

4.Statements of Accounts


Question:
We can use Stock Journal for

1. Production and Consumption .

2.Inter Godown transfer for stock

3.Both (a) and (b)

4.None of the these


Question:
What is the advantage of a computer-based transaction processing system

1.Does not require as stringent a set of internal controls

2.Will produce a more accurate set of financial statements

3. Eliminates the need to reconcile control accounts and subsidiary ledgers

4. Will be more efficient at producing financial statements


Question:
What is the predefined number of groups in tally

1.16

2.28

3.128

4.228


Question:
Where do we record all type of adjustment entry in Tally

1. F5:Payment

2. F6:Receipt

3. F7:Journal

4. F4:Contra


Question:
Which file in tally is used to record the import activity

1.Tally.dat

2.Tally.ini

3. Tally.imp

4.None of the above


Question:
Which of the following file is usually used as a master file

1. Inventory subsidiary

2.Cash disbursements

3.Cash receipts

4.Payroll transactions


Question:
Which of the following is compulsory to create while entry in Accounts with Inventory

1.Stock Groups

2.Stock Items

3.Units of Measure

4.All the above


Question:
Which of the following is the predefined stock category in tally

1. Primary

2.Symbol

3.Stock

4.Main location


Question:
Which of the following is used for voucher entry

1.Ledger Account

2.Groups

3. Sub-Groups

4.Depends on number of companies


Question:
Which of the following shows daily balance for a selected voucher type

1.Day book

2.Trial Balance

3.Balance Sheet

4.None of the above


Question:
Which of the following user type can view audit list

1.Tally Vault

2.Owner

3.Data Entry

4.Administrator


Question:
Which option lists inventory valuation method in tally

1.Stock report

2.Stock journal

3.Stock analysis

4. Stock summary


Question:
Which shortcut key is pressed and then ‘yes’ is given in ‘Use Debit/Credit Noted’ to post entry in Credit Note and Debit Note in Tally

1.Alt + F11

2. F11

3. F12

4. Alt + F12


Question:
Which shortcut key is pressed for voucher entry or deleting a ledger

1. Alt + A

2.Alt + C

3.Alt + X

4. Alt + D


Question:
Which shortcut key is used for Select Company in Tally

1. F1

2.Alt + F1

3.F3

4.Alt + F3


Question:
Which shortcut key is used to export data of any company in Microsoft Excel spreadsheet or in any other company

1.Alt + P

2.Alt + E

3.Alt + O

4.Alt + S


Question:
Which shortcut key is used to set No in ‘Use Common Ledger A/c for Item Allocation’

1.Alt + F11

2.F11

3.Alt + F12

4.F12


Question:
Which shortcut key is used to take print of any report in Tally

1.Ctrl + P

2. Shift + P

3. Alt + P

4. Alt + Ctrl + P


Question:
______ gives the balance for each day for the voucher type has been selected

1.Trial Balance

2.Day book

3.Balance Sheet

4.None of the above


Question:
_______ key helps to select function and features screen

1.F8

2.F6

3.F11

4.F9


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