Computer/MCQ Questions on Tally Set 3 Sample Test,Sample questions

Question:
 A ______ is sent to the seller when he is taken back the sold goods






1.Debit note

2.Credit note

3.Proforma invoice

4.Bill


Question:
 Bank account is ________



1.Personal account

2.Real account

3.Nominal account

4.Intangible real account


Question:
 For stock journal entry we press ________ in tally



1.F7

2.Alt + F7

3.F10

4.F11


Question:
 In tally screen right extreme displays ________





1.Selected companies

2.Current date

3.Gate way of tally

4.Button bar


Question:
 Income earned but not received is known as ________






1.Advance income

2.Proposed income

3.Earned income

4.Accrued income


Question:
 Loans from individual comes under ________ group





1.Fixed liabilities

2.Loans and advances

3.Current liabilities

4.Capital


Question:
 Taxes paid come under which group






1.Capital

2.Loans and liabilities

3.Direct expenses

4.Duties and taxes


Question:
 The left hand side of tally screen shows






1.Current date

2.Last entered voucher

3.Gate way of tally

4.List of selected companies


Question:
 The voucher type for recording goods received



1.Rejection in

2.Receipt note

3.Purchase order

4.Stock voucher


Question:
 To change Current Date from Gateway of Tally press the key






1.F1

2.F5

3.F2

4.F9


Question:
 To change the date shortcut used



1.Alt + F2

2.Alt + F3

3.F2

4.F1


Question:
 To use Dr/Cr instead of To/By during Voucher entry or vice versa Press






1.F10

2.F12

3.F11

4.None of these


Question:
 We can repeat narration by pressing



1.Shift + R

2.Alt + R

3.Ctrl + R

4.Alt + Shift + R


Question:
 We can switch from Accounting Voucher to Inventory Voucher pressing





1.F2

2.Alt +F1

3.Ctrl + F1

4.F11


Question:
 Which of the following is the example of external users of accounting information

1.Government

2.Owners

3.Management

4.Employee


Question:
 Which shortcut key(s) are used to display list of inventory reports within balance sheet

1.F8

2.F9

3.F10

4.F11


Question:
 _____ is an example for tangible assets



1.Furniture

2.Debtors

3.Patent

4.Discount on issue of shares and debentures


Question:
 _______ is the major source of revenue of any business






1.Investment

2.Advances

3.Loan

4.Sales


Question:
A ledger may get declaration space for its Alias through



1.F12

2.F11

3.Alt + F1

4.Alt + F2


Question:
A person who owes money to the business is a ________






1.Debtor

2.Creditor

3.Investor

4.Supplier


Question:
A ______ is sent to a customer when he returns the goods



1.Debit note

2.Credit note

3.Proforma invoice

4.Bill


Question:
Accounting principles are divided into two types. These are



1.Accounting concepts

2.Accounting conventions

3.Accounting standard

4.Both A and B


Question:
Accrued income comes under






1.Current liability

2.Capital

3.Current asset

4.Fixed asset


Question:
Adjustment entries can be entered in






1.Contra voucher

2.Journal voucher

3.Sales voucher

4.Purchase voucher


Question:
An account that the user need not create is



1.Cash at bank

2.Sundry creditors

3.Cash in hand

4.Balance sheet


Question:
Assets acquired for long term use in the business are called ________



1.Fixed assets

2.Current assets

3.Fictitious assets

4.Liquid asset


Question:
Bottom of tally screen shows






1.Button bar

2.List of vouchers

3.List of companies

4.Calculator


Question:
Capital of the company is included under



1.Capital account

2.Fixed liabilities

3.Loans and advances

4.Current liabilities


Question:
Carriage inwards can be included in

1.Direct expenses I

2.ndirect expenses

3.Current liability

4.Misc Expenses


Question:
Changes in accounts are possible only in






1.Display mode

2.Alteration mode

3.Single mode

4.Multiple mode


Question:
Closing stock come under ________






1.Current asset

2.Fixed asset

3.Stock in hand

4.Direct income


Question:
Credit note is used for entering


1.Purchases

2.Sales

3.Purchase return

4.Sales return


Question:
Debit note is used for entering






1.Purchases

2.Sales

3.Purchase return

4.Sales return


Question:
E-mail can be used to






1.Send mail directly from tally screen

2.To send e-mail

3.Download information

4.Access help


Question:
F12 is known as






1.Company Features

2.Company Configuration

3.Accounting Features

4.None of these


Question:
For entries involving both cash and bank transactions we use ________ voucher




1.Contra voucher

2.Journal

3.Sales

4.Purchase


Question:
For entries not involving either cash or bank transactions we use ________ voucher



1.Contra voucher

2.Journal

3.Sales

4.Purchase


Question:
Multiple Godowns are activated from






1.F11

2.F11 > F1

3.F11 > F2

4.F11 > F3


Question:
Online voucher creation from Day Book report by pressing



1.Ctrl + A

2.Shift + A

3.Alt + A

4.None of these


Question:
Payroll Auto fill is done through






1.Ctrl + A

2.Alt + A

3.Ctrl + B

4.Alt + B


Question:
Reserve group accounts in tally is






1.28

2.30

3.18

4.15


Question:
The branch of accounting which analyses and interprets the overall data is ________






1.Financial accounting

2.Cost accounting

3.Management accounting

4.None of these


Question:
The process of ascertaining the balance of a particular account on a given date is



1.Posting

2.Journalizing

3.Balancing

4.Accounting


Question:
The shortcut key to quit from Tally is






1.Ctrl + L

2.Ctrl + P

3.Ctrl + M

4.Ctrl + Q


Question:
The shortcut used for Sales Order is



1.Alt + F4

2.Alt + F5

3.Alt + F7

4.Alt + F8


Question:
The shortcut used to activate calculator is






1.Ctrl + N

2.Ctrl + M

3.Ctrl + A

4.Ctrl + B


Question:
The term current assets does not include ________





1.Debtors

2.Bills Receivable

3.Stock

4.Goodwill


Question:
There are ________ predefined ledgers



1.One

2.Three

3.Two

4.Four


Question:
To activate cost centre and cost category feature we have to select






1.Configuration

2.F11 features

3.Group creation

4.Voucher creation


Question:
To activate MRP feature from Gateway of Tally initially we need to press



1.F11

2.F12

3.F10

4.Alt + F1


Question:
To create a sales voucher in tally you have to press _______






1.F5

2.F7

3.F8

4.F9


Question:
To create Purchase Order press



1.Alt + F4

2.Ctrl + F4

3.F4

4.None of these


Question:
To declare a voucher as Post Dated press






1.Ctrl + T

2.Alt + T

3.Ctrl + P

4.Ctrl + D


Question:
To print a voucher from Tally we need to press






1.Ctrl + P

2.Shift + P

3.Alt + P

4.Ctrl + Alt + P


Question:
We can cancel a voucher using






1.Alt + X

2.Ctrl + X

3.Shift + X

4.Ctrl + Shift + X


Question:
Which account is the odd one






1.Furniture

2.Land and buildings

3.Stock of raw materials

4.Plant and machinery


Question:
Which key is pressed to go to Gateway of Tally from company Info. menu





1.Ctrl

2.Alt

3.Esc

4.Enter


Question:
Which of the following is not a transaction
Goods are purchased on cash basis for Rs 1000




1.Goods are purchased on cash basis for Rs 1000

2.Salaries paid for the month of May 20XX

3.Land is purchased for Rs 10 lakhs

4.An employee is dismissed from the job


Question:
Which option is used to exit Tally



1.Exit

2.Close

3.Quit

4.Shut Company


Question:
Which Shortcut key is pressed to create a new company in Tally



1.F3

2.Alt + F3

3.F2

4.Alt + F2


Question:
Which shortcut key is pressed to go to company Info. menu from Gateway of Tally



1.Alt+F4

2.Alt+f2

3.Alt+F1

4.Alt+F3


Question:
Which Shortcut key is pressed to view features in Tally





1.F10

2.F11

3.Alt + F11

4.F12


Question:
Which shortcut key is used to change current period in Tally






1.F2

2.Alt + F2

3.F3

4.Alt + F3


Question:
Which shortcut key is used to view configure in Tally





1.F10

2.F11

3.F12

4.Alt + F9


Question:
Which shortcut key(s) are used to enter a stock journal in tally



1.F7

2.Ctrl + F7

3.Alt + F7

4.Shift + F7


Question:
_____ refers the amount invested by the owner into business






1.Loan

2.Advance

3.Capital

4.Prepaid expenses


Question:
_______ is the book of original entry






1.Journal

2.Voucher

3.Invoices

4.Ledger


Question:
_______ is the collection of all accounts






1.Journal

2.Voucher

3.Invoices

4.Ledger


Question:
_______ is the expense which is unpaid at the end of the accounting period






1.Outstanding expenses

2.Prepaid expenses

3.Proposed expenses

4.Working capital


Question:
________ button helps to connect data from spread sheet or other application



1.E-mail

2.Help

3.Export

4.Browser


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