McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 51. |
Which shortcut key is used to change current period in Tally? |
| A. | F2 |
| B. | Alt+F2 |
| C. | F3 |
| D. | Alt+F3 |
| Answer» B. Alt+F2 | |
| 52. |
Which option is used to move from one company to another when more than one companies are open? |
| A. | Company Info. |
| B. | Shut Company |
| C. | Select Company |
| D. | Company |
| Answer» B. Shut Company | |
| 53. |
Which Shortcut key is pressed to create a new company in Tally? |
| A. | F3 |
| B. | Alt+F3 |
| C. | F2 |
| D. | Alt+F2 |
| Answer» B. Alt+F3 | |
| 54. |
Which Shortcut key is pressed to view features in Tally? |
| A. | F10 |
| B. | F11 |
| C. | Alt+11 |
| D. | F12 |
| Answer» B. F11 | |
| 55. |
Which shortcut key is used to view configure in Tally? |
| A. | F10 |
| B. | F11 |
| C. | F12 |
| D. | Alt+F9 |
| Answer» C. F12 | |
| 56. |
Which menu is used to create new ledgers, groups and voucher types in Tally? |
| A. | Reports |
| B. | Import |
| C. | Transactions |
| D. | Masters |
| Answer» D. Masters | |
| 57. |
Which submenu is used to create new ledgers, groups and voucher types in Tally? |
| A. | Account Info. |
| B. | Inventory Info. |
| C. | Accounting Vouchers |
| D. | Inventory Vouchers |
| Answer» A. Account Info. | |
| 58. |
With how many types ledger, group and voucher types can be created in Tally? |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| Answer» A. 2 | |
| 59. |
Which submenu is used for voucher entry in Tally? |
| A. | Vouchers |
| B. | Account Vouchers |
| C. | Accounts Info. |
| D. | None of these |
| Answer» B. Account Vouchers | |
| 60. |
In order to delete a voucher, press |
| A. | Alt + D |
| B. | Alt + F4 |
| C. | Alt + F3 |
| D. | None of the above |
| Answer» A. Alt + D | |
| 61. |
Debit Note is used for |
| A. | Sales Return |
| B. | Purchase Return |
| C. | Purchase Return only |
| D. | None of the above |
| Answer» B. Purchase Return | |
| 62. |
A trial balance is a--------- |
| A. | Ledger |
| B. | Journal |
| C. | Account |
| D. | List |
| Answer» D. List | |
| 63. |
A ‘Debit note’ is a statement sent to the ------------- by the ---------------- |
| A. | Seller, buyer |
| B. | Buyer, seller |
| C. | Customer, seller |
| D. | Creditor, seller |
| Answer» A. Seller, buyer | |
| 64. |
A ‘credit note’ is sent by------------- to ---------------- |
| A. | Seller, buyer |
| B. | Buyer, seller |
| C. | Customer, seller |
| D. | Creditor, seller |
| Answer» A. Seller, buyer | |
| 65. |
The rate of trade discount varies with the ----------- purchased |
| A. | Total asset |
| B. | Current asset |
| C. | Quantity |
| D. | None of these |
| Answer» C. Quantity | |
| 66. |
A............. serves the purpose of both journal and ledger accounts |
| A. | Journal proper |
| B. | Purchase day book |
| C. | Cash book |
| D. | Any of the above |
| Answer» C. Cash book | |
| 67. |
Trial balance is prepared on............ basis |
| A. | Monthly |
| B. | Annually |
| C. | Half yearly |
| D. | Any of the above. |
| Answer» D. Any of the above. | |
| 68. |
‘Inventory books’ is used to view |
| A. | Stock Items |
| B. | Group Summary |
| C. | Both A and B above |
| D. | None of these |
| Answer» C. Both A and B above | |
| 69. |
Which option is used to exit Tally? |
| A. | Exit |
| B. | Close |
| C. | Quit |
| D. | Shut Company |
| Answer» C. Quit | |
| 70. |
Salary Account comes under which head? |
| A. | Indirect Incomes |
| B. | Indirect Expenses |
| C. | Direct Incomes |
| D. | Direct Expenses |
| Answer» B. Indirect Expenses | |
| 71. |
How many groups are pre-defined in Tally? |
| A. | 28 |
| B. | 30 |
| C. | 15 |
| D. | 19 |
| Answer» A. 28 | |
| 72. |
How many primary groups are there in Tally? |
| A. | 19 |
| B. | 28 |
| C. | 15 |
| D. | 20 |
| Answer» C. 15 | |
| 73. |
How many secondary groups are there in Tally? |
| A. | 15 |
| B. | 13 |
| C. | 28 |
| D. | 3 |
| Answer» B. 13 | |
| 74. |
Which option is used to view list of Primary and Secondary groups in Tally? |
| A. | List of Accounts |
| B. | Accounts |
| C. | List |
| D. | None of these |
| Answer» A. List of Accounts | |
| 75. |
Which ledger is created by Tally automatically as soon as we create a new company? |
| A. | Cash |
| B. | Profit & Loss A/c. |
| C. | Capital A/c. |
| D. | A and B both |
| Answer» D. A and B both | |
| 76. |
Which option is used to make changes in created Groups of Ledgers in Tally? |
| A. | Create |
| B. | Display |
| C. | Alter |
| D. | Change |
| Answer» C. Alter | |
| 77. |
How many voucher types area readily available in Tally? |
| A. | 18 |
| B. | 16 |
| C. | 20 |
| D. | 28 |
| Answer» A. 18 | |
| 78. |
How many voucher types are provided in Tally to record transactions? |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| Answer» B. 3 | |
| 79. |
Which key is pressed to post entries in double entry accounting system instead of single entry system in Tally.ERP9? |
| A. | F11 |
| B. | F12 |
| C. | Alt+F11 |
| D. | Alt+F12 |
| Answer» D. Alt+F12 | |
| 80. |
Which voucher type is used to transfer amount from one bank to another? |
| A. | Contra |
| B. | Payment |
| C. | Receipt |
| D. | Post-Dated |
| Answer» A. Contra | |
| 81. |
Rs.10, 000 withdrawn from State Bank. In which voucher type this transaction will be recorded? |
| A. | Payment |
| B. | Receipt |
| C. | Contra |
| D. | Post-Dated |
| Answer» C. Contra | |
| 82. |
Where do we record transactions of salary, rent or interest paid? |
| A. | Contra |
| B. | Journal |
| C. | Receipt |
| D. | Payment |
| Answer» B. Journal | |
| 83. |
Where do we record interest received, commission received or rent received in Tally? |
| A. | Contra |
| B. | Payment |
| C. | Receipt |
| D. | Journal |
| Answer» C. Receipt | |
| 84. |
Where do we record cash sales in Tally? |
| A. | Contra |
| B. | Receipt |
| C. | Payment |
| D. | Journal |
| Answer» D. Journal | |
| 85. |
Where do we record credit purchase of furniture in Tally? |
| A. | Purchase |
| B. | Payment |
| C. | Receipt |
| D. | Journal |
| Answer» A. Purchase | |
| 86. |
Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally? |
| A. | Journal |
| B. | Payment |
| C. | Contra |
| D. | Receipt |
| Answer» B. Payment | |
| 87. |
Where do we record all type of adjustment entry in Tally? |
| A. | F5: Payment |
| B. | F6: Receipt |
| C. | F7: Journal |
| D. | F4: Contra |
| Answer» A. F5: Payment | |
| 88. |
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? |
| A. | Alt+F11 |
| B. | F11 |
| C. | F12 |
| D. | Alt+F12 |
| Answer» B. F11 | |
| 89. |
In which voucher type credit purchase entry is posted in Tally? |
| A. | F5: Payment |
| B. | F7: Journal |
| C. | F9: Purchase |
| D. | F6: Receipt |
| Answer» C. F9: Purchase | |
| 90. |
In which voucher type credit sales is recorded in Tally? |
| A. | F5: Payment |
| B. | F6: Receipt |
| C. | F7: Journal |
| D. | F8: Sales |
| Answer» C. F7: Journal | |
| 91. |
Which shortcut key is used in ‘Company Feature’s screen to use Accounting Features in Tally? |
| A. | F1 |
| B. | F2 |
| C. | F3 |
| D. | F4 |
| Answer» D. F4 | |
| 92. |
Which shortcut key is used in ‘Company Features’ screen to use Inventory Features in Tally? |
| A. | F1 |
| B. | F2 |
| C. | F3 |
| D. | F4 |
| Answer» B. F2 | |
| 93. |
Which shortcut key is used in ‘Company Features’ Screen to use Statutory & Taxation in Tally? |
| A. | F3 |
| B. | F4 |
| C. | F2 |
| D. | F1 |
| Answer» A. F3 | |
| 94. |
Which file in tally is used to record the import activity ? |
| A. | Tally.dat |
| B. | Tally.ini |
| C. | Tally.imp |
| D. | None of the above |
| Answer» B. Tally.ini | |
| 95. |
Which of the following is the predefined stock category in tally? |
| A. | Primary |
| B. | Symbol |
| C. | Stock |
| D. | Main location |
| Answer» A. Primary | |
| 96. |
Which shortcut key(s) are used to display list of inventory reports within balance sheet? |
| A. | F8 |
| B. | F9 |
| C. | F10 |
| D. | F11 |
| Answer» B. F9 | |
| 97. |
How many types of users are present in tally? |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 98. |
Which shortcut key(s) are used to enter a stock journal in tally? |
| A. | F7 |
| B. | Control + F7 |
| C. | Alt + F7 |
| D. | Shift + F7 |
| Answer» C. Alt + F7 | |
| 99. |
Which of the following shows daily balance for a selected voucher type? |
| A. | Daybook |
| B. | Trial Balance |
| C. | Balance Sheet |
| D. | None of the above |
| Answer» A. Daybook | |
| 100. |
. Which of the following can be budgeted in tally? |
| A. | Net Transactions |
| B. | Closing Balance |
| C. | Closing Balance |
| D. | A and B |
| Answer» D. A and B | |
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