McqMate
| 1. |
Tally package is developed by |
| A. | Peutronics |
| B. | Tally Solutions |
| C. | Coral Softwares |
| D. | Vedika Softwares |
| Answer» B. Tally Solutions | |
| 2. |
Which menu appears after starting Tally for the first time |
| A. | Gateway of Tally |
| B. | Company Info |
| C. | Display |
| D. | None of these |
| Answer» B. Company Info | |
| 3. |
Which option is used in Tally to make changes in created company |
| A. | Select Company |
| B. | Shut Company |
| C. | Alter |
| D. | None of these |
| Answer» C. Alter | |
| 4. |
Which option from Company Info. menu is selected to create a new Company in Tally |
| A. | Company Create |
| B. | Create Company |
| C. | Create |
| D. | New Company |
| Answer» B. Create Company | |
| 5. |
Which option is selected from Company Info Menu to divide company data into two financial years |
| A. | Change Tally Vault |
| B. | Alter |
| C. | Split Company Data |
| D. | New Company |
| Answer» C. Split Company Data | |
| 6. |
Which option is used to copy company?s data into pen drive or CD |
| A. | Backup |
| B. | Restore |
| C. | Split Company Data |
| D. | Copy Data |
| Answer» A. Backup | |
| 7. |
Which option is used to place data taken in pen drive or CD to Appropriate place in Tally |
| A. | Backup |
| B. | Restore |
| C. | Split Company Data |
| D. | None of these |
| Answer» B. Restore | |
| 8. |
Which option is used to open company created in Tally |
| A. | Create Company |
| B. | Alter |
| C. | Select Company |
| D. | Shut Company |
| Answer» C. Select Company | |
| 9. |
Which option is used in Tally to close opened Company |
| A. | Alter |
| B. | Shut Company |
| C. | Create Company |
| D. | Select Company |
| Answer» B. Shut Company | |
| 10. |
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 | |
| 11. |
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 | |
| 12. |
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 | |
| 13. |
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 | |
| 14. |
Salary Account comes under which head |
| A. | Indirect Incomes |
| B. | Indirect Expenses |
| C. | Direct Incomes |
| D. | Direct Expenses |
| Answer» B. Indirect Expenses | |
| 15. |
How many groups are pre-defined in Tally |
| A. | 28 |
| B. | 30 |
| C. | 15 |
| D. | 19 |
| Answer» A. 28 | |
| 16. |
How many primary groups are there in Tally |
| A. | 19 |
| B. | 28 |
| C. | 15 |
| D. | 20 |
| Answer» C. 15 | |
| 17. |
How many secondary groups are there in Tally |
| A. | 15 |
| B. | 13 |
| C. | 28 |
| D. | 3 |
| Answer» B. 13 | |
| 18. |
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 | |
| 19. |
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 | |
| 20. |
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 | |
| 21. |
How many voucher types area readily available in Tally |
| A. | 18 |
| B. | 16 |
| C. | 20 |
| D. | 28 |
| Answer» A. 18 | |
| 22. |
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 | |
| 23. |
Rs.20,000 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 | |
| 24. |
Where do we record transactions of salary, rent or interest paid |
| A. | Contra |
| B. | Journal |
| C. | Receipt |
| D. | Payment |
| Answer» D. Payment | |
| 25. |
Where do we record interest received, commission received or rent received in Tally |
| A. | Contra |
| B. | Payment |
| C. | Receipt |
| D. | Journal |
| Answer» C. Receipt | |
| 26. |
Where do we record cash sales in Tally |
| A. | Contra |
| B. | Receipt |
| C. | Payment |
| D. | Journal |
| Answer» B. Receipt | |
| 27. |
Where do we record credit purchase of furniture in Tally |
| A. | Purchase |
| B. | Payment |
| C. | Receipt |
| D. | Journal |
| Answer» D. Journal | |
| 28. |
Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally |
| A. | Journal |
| B. | Payment |
| C. | Contra |
| D. | Receipt |
| Answer» A. Journal | |
| 29. |
Which of the following equation is true for balance sheet |
| A. | Assets = Liabilities +Capital |
| B. | Liabilities = Assets ? Capital |
| C. | Capital = Assets ? Liabilities |
| D. | All of these |
| Answer» D. All of these | |
| 30. |
How many options related to Company Features are there in F11: Features in Tally |
| A. | 3 |
| B. | 2 |
| C. | 5 |
| D. | 4 |
| Answer» A. 3 | |
| 31. |
Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc. |
| A. | Lts |
| B. | Nos |
| C. | Kgs |
| D. | Box |
| Answer» C. Kgs | |
| 32. |
Which option is used to view Trial Balance from Gateway of Tally |
| A. | Gateway of Tally? Reports ? Trial Balance |
| B. | Gateway of Tally? Trial Balance |
| C. | Gateway of Tally? Reports ? Display ? Trial Balance |
| D. | None of these |
| Answer» C. Gateway of Tally? Reports ? Display ? Trial Balance | |
| 33. |
Which option is true for viewing Profit & Loss A/C in Gateway of Tally |
| A. | Gateway of Tally? Reports ? Profit & Loss A/C |
| B. | Gateway of Tally? Display ? Profit & Loss A/C |
| C. | Gateway of Tally? Account Books ? Profit & Loss A/C |
| D. | None of these |
| Answer» A. Gateway of Tally? Reports ? Profit & Loss A/C | |
| 34. |
By default, which mode is on in Purchase and Sales voucher |
| A. | Norma Mode |
| B. | Item Invoice Mode |
| C. | Particulars Mode |
| D. | None of these |
| Answer» B. Item Invoice Mode | |
| 35. |
Which step is followed to view Purchase Register |
| A. | Gateway of Tally? Display ? Sales Register |
| B. | Gateway of Tally? Account Books ? Sales Register |
| C. | Gateway of Tally? Display ? Account Books ? Purchase Register |
| D. | None of these |
| Answer» C. Gateway of Tally? Display ? Account Books ? Purchase Register | |
| 36. |
Which of the following is not compulsory to create while entry in Accounts with Inventory |
| A. | Stock Groups |
| B. | Stock Items |
| C. | Stock Categories |
| D. | Units of Measure |
| Answer» C. Stock Categories | |
| 37. |
Which reports are prepared monthly in Tally |
| A. | Profit & Loss A/C |
| B. | Balance Sheet |
| C. | Trial Balance |
| D. | Cash Flow of Funds Flow |
| Answer» C. Trial Balance | |
| 38. |
By which option Purchase or Sales register can be viewed |
| A. | Statutory Books |
| B. | Inventory Books |
| C. | Accounts Books |
| D. | Display |
| Answer» C. Accounts Books | |
| 39. |
Which option is used to view Stock Items or Group Summary |
| A. | Accounts Books |
| B. | Inventory Books |
| C. | Statutory Books |
| D. | Display |
| Answer» B. Inventory Books | |
| 40. |
We can change the Company Information from |
| A. | A Company Info > Back up |
| B. | Company Info > Alter |
| C. | Company Info > Split Company Data |
| D. | None of these |
| Answer» B. Company Info > Alter | |
| 41. |
Company Restore option is available in |
| A. | Company Features |
| B. | Company Information |
| C. | Configuration |
| D. | None of these |
| Answer» B. Company Information | |
| 42. |
We can modify an existing Company from |
| A. | Company Info > Alter |
| B. | Company Info > Alter Company |
| C. | Gateway of Tally > Modify Company |
| D. | None of these |
| Answer» A. Company Info > Alter | |
| 43. |
Party account can be created through |
| A. | Group creation window |
| B. | Ledger creation window |
| C. | Inventory creation window |
| D. | Any one of them |
| Answer» B. Ledger creation window | |
| 44. |
What is the utility of Tally Vault Password |
| A. | It will lock the period of Company |
| B. | It will lock all voucher entries for that Company |
| C. | It will not show the Company Name in the Company Select List |
| D. | None of these |
| Answer» C. It will not show the Company Name in the Company Select List | |
| 45. |
We can show Bill wise details of Debtors and Creditors by activating |
| A. | Bill by bill |
| B. | Maintain Bill wise Details |
| C. | Maintain References |
| D. | None of these |
| Answer» B. Maintain Bill wise Details | |
| 46. |
How many inbuilt Accounts group are in tally by default |
| A. | 29 |
| B. | 31 |
| C. | 25 |
| D. | 34 |
| Answer» B. 31 | |
| 47. |
Suspense Account Group is defined under |
| A. | Income |
| B. | Expenditure |
| C. | Liabilities |
| D. | Assets |
| Answer» C. Liabilities | |
| 48. |
Manufacturing Journal creates based on |
| A. | Journal |
| B. | Receipt Note |
| C. | Stock Journal |
| D. | Purchase Quotation |
| Answer» C. Stock Journal | |
| 49. |
To create Manufacturing Journal which option must be activated |
| A. | Use Common Narration |
| B. | Narrations for each entry |
| C. | Prefilled with Zero |
| D. | Use as manufacturing Journal |
| Answer» D. Use as manufacturing Journal | |
| 50. |
How many types of Measurement Units we can create in Tally |
| A. | 2 |
| B. | 3 |
| C. | 5 |
| D. | Unlimited |
| Answer» A. 2 | |
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