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Rs.10, 000 withdrawn from State Bank.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 | |
Done Reading?