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Chapter:

30+ Unit 3 Solved MCQs

in Computerized Accounting Software

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .

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Chapter: Unit 3
1.

Which option is used to exit Tally?

A. Exit
B. Close
C. Quit
D. Shut Company
Answer» C. Quit
discuss
2.

Salary Account comes under which head?

A. Indirect Incomes
B. Indirect Expenses
C. Direct Incomes
D. Direct Expenses
Answer» B. Indirect Expenses
discuss
3.

How many groups are pre-defined in Tally?

A. 28
B. 30
C. 15
D. 19
Answer» A. 28
discuss
4.

How many primary groups are there in Tally?

A. 19
B. 28
C. 15
D. 20
Answer» C. 15
discuss
5.

How many secondary groups are there in Tally?

A. 15
B. 13
C. 28
D. 3
Answer» B. 13
discuss
6.

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
discuss
7.

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
discuss
8.

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
discuss
9.

How many voucher types area readily available in Tally?

A. 18
B. 16
C. 20
D. 28
Answer» A. 18
discuss
10.

How many voucher types are provided in Tally to record transactions?

A. 2
B. 3
C. 4
D. 5
Answer» B. 3
discuss
11.

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
discuss
12.

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
discuss
13.

Rs.10, 000 withdrawn from State Bank.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
discuss
14.

Where do we record transactions of salary, rent or interest paid?

A. Contra
B. Journal
C. Receipt
D. Payment
Answer» B. Journal
discuss
15.

Where do we record interest received, commission received or rent received in Tally?

A. Contra
B. Payment
C. Receipt
D. Journal
Answer» C. Receipt
discuss
16.

Where do we record cash sales in Tally?

A. Contra
B. Receipt
C. Payment
D. Journal
Answer» D. Journal
discuss
17.

Where do we record credit purchase of furniture in Tally?

A. Purchase
B. Payment
C. Receipt
D. Journal
Answer» A. Purchase
discuss
18.

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
discuss
19.

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
discuss
20.

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
discuss
21.

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
discuss
22.

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
discuss
23.

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
discuss
24.

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
discuss
25.

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
discuss
26.

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
discuss
27.

Which of the following is the predefined stock category in tally?

A. Primary
B. Symbol
C. Stock
D. Main location
Answer» A. Primary
discuss
28.

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
discuss
29.

How many types of users are present in tally?

A. 1
B. 2
C. 3
D. 4
Answer» C. 3
discuss
30.

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
discuss
31.

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
discuss
32.

. 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
discuss
33.

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

A. Does not require as stringent a set of internal controls.
B. Will produce a more accurate set of financial statements.
C. Eliminates the need to reconcile control accounts and subsidiary ledgers.
D. Will be more efficient at producing financial statements.
Answer» D. Will be more efficient at producing financial statements.
discuss
34.

Which of the following file is usually used as a master file?

A. Inventory subsidiary
B. Cash disbursements.
C. Cash receipts.
D. Payroll tr
Answer» A. Inventory subsidiary
discuss
35.

How can data be imported in tally ?

A. One company to another company created within Tally Package
B. Other programs - a spreadsheet or a database file.
C. Depends on number of companies
D. Both A and B
Answer» D. Both A and B
discuss

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