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McqMate
Chapters
1. |
Which option is used to exit Tally? |
A. | Exit |
B. | Close |
C. | Quit |
D. | Shut Company |
Answer» C. Quit |
2. |
Salary Account comes under which head? |
A. | Indirect Incomes |
B. | Indirect Expenses |
C. | Direct Incomes |
D. | Direct Expenses |
Answer» B. Indirect Expenses |
3. |
How many groups are pre-defined in Tally? |
A. | 28 |
B. | 30 |
C. | 15 |
D. | 19 |
Answer» A. 28 |
4. |
How many primary groups are there in Tally? |
A. | 19 |
B. | 28 |
C. | 15 |
D. | 20 |
Answer» C. 15 |
5. |
How many secondary groups are there in Tally? |
A. | 15 |
B. | 13 |
C. | 28 |
D. | 3 |
Answer» B. 13 |
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 |
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 |
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 |
9. |
How many voucher types area readily available in Tally? |
A. | 18 |
B. | 16 |
C. | 20 |
D. | 28 |
Answer» A. 18 |
10. |
How many voucher types are provided in Tally to record transactions? |
A. | 2 |
B. | 3 |
C. | 4 |
D. | 5 |
Answer» B. 3 |
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 |
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 |
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Rs.10, 000 withdrawn from State Bank.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 |
14. |
Where do we record transactions of salary, rent or interest paid? |
A. | Contra |
B. | Journal |
C. | Receipt |
D. | Payment |
Answer» B. Journal |
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 |
16. |
Where do we record cash sales in Tally? |
A. | Contra |
B. | Receipt |
C. | Payment |
D. | Journal |
Answer» D. Journal |
17. |
Where do we record credit purchase of furniture in Tally? |
A. | Purchase |
B. | Payment |
C. | Receipt |
D. | Journal |
Answer» A. Purchase |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
27. |
Which of the following is the predefined stock category in tally? |
A. | Primary |
B. | Symbol |
C. | Stock |
D. | Main location |
Answer» A. Primary |
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 |
29. |
How many types of users are present in tally? |
A. | 1 |
B. | 2 |
C. | 3 |
D. | 4 |
Answer» C. 3 |
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 |
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 |
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 |
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. |
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 |
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 |
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