McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 1. |
------------------ gives the balance for each day for the voucher type has been selected. |
| A. | Trial Balance |
| B. | Daybook |
| C. | Balance Sheet |
| D. | None of the above |
| Answer» B. Daybook | |
| 2. |
For 'stock journal' entry we press ______________ in tally |
| A. | F7 |
| B. | Alt + F7 |
| C. | F1 |
| D. | F11 |
| Answer» B. Alt + F7 | |
| 3. |
Which option lists inventory valuation method in tally? |
| A. | Stock report |
| B. | Stock journal |
| C. | Stock analysis |
| D. | Stock summary |
| Answer» D. Stock summary | |
| 4. |
How to activate the tally audit feature in a company? |
| A. | Press F11 key |
| B. | During the creation of a company |
| C. | In -comp info -> security control-option |
| D. | Press F12 key |
| Answer» B. During the creation of a company | |
| 5. |
What is the predefined number of groups in tally? |
| A. | 16 |
| B. | 28 |
| C. | 128 |
| D. | 228 |
| Answer» B. 28 | |
| 6. |
Which of the following is used for voucher entry? |
| A. | Ledger Account |
| B. | Groups |
| C. | Sub-Groups |
| D. | Depends on number of companies |
| Answer» A. Ledger Account | |
| 7. |
Which of the following user type can view audit list? |
| A. | Tally Vault |
| B. | Owner |
| C. | Data Entry |
| D. | Administrator |
| Answer» D. Administrator | |
| 8. |
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 | |
| 9. |
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 | |
| 10. |
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» A. Tally.dat | |
| 11. |
Which of the following is compulsory to create while entry in Accounts with Inventory? |
| A. | Stock Groups |
| B. | Stock Items |
| C. | Units of Measure |
| D. | All of these |
| Answer» C. Units of Measure | |
| 12. |
‘Inventory books’ is used to view |
| A. | Stock Items |
| B. | Group Summary |
| C. | Both A and B above |
| D. | None of these |
| Answer» B. Group Summary | |
| 13. |
The rate of trade discount varies with the ----------- purchased |
| A. | Total asset |
| B. | Current asset |
| C. | Quantity |
| D. | None of these |
| Answer» D. None of these | |
| 14. |
A ‘credit note’ is sent by------------- to ---------------- |
| A. | Seller, buyer |
| B. | Buyer, seller |
| C. | Customer, seller |
| D. | Creditor, seller |
| Answer» C. Customer, seller | |
| 15. |
A ‘Debit note’ is a statement sent to the ------------- by the ---------------- |
| A. | Seller, buyer |
| B. | Buyer, seller |
| C. | Customer, seller |
| D. | Creditor, seller |
| Answer» C. Customer, seller | |
| 16. |
for reconciliation of Bank press |
| A. | F12 |
| B. | F10 |
| C. | F5 |
| D. | F6 |
| Answer» C. F5 | |
| 17. |
We can cancel a voucher using |
| A. | Alt + X |
| B. | Ctrl + X |
| C. | Shift + X |
| D. | Ctrl + Shift + X |
| Answer» A. Alt + X | |
| 18. |
Discount Column is available in |
| A. | Sales Invoice |
| B. | Purchase Invoice |
| C. | Both (a) and (b) |
| D. | None of these |
| Answer» C. Both (a) and (b) | |
| 19. |
We can use Stock Journal for |
| A. | Production and Consumption |
| B. | Inter Godown transfer for stock |
| C. | Both (a) and (b) |
| D. | None of these |
| Answer» C. Both (a) and (b) | |
| 20. |
“Allow components list details (Bill of Materials)” option is activated for |
| A. | Ledgers |
| B. | Cost Category |
| C. | Stock Items |
| D. | Budgets |
| Answer» C. Stock Items | |
| 21. |
How can we see Vat Reports? |
| A. | Gateway of Tally > Display |
| B. | Gateway of Tally > Vat Reports |
| C. | Gateway of Tally > Display > Statutory Info |
| D. | Gateway of Tally > Display> Statutory Reports |
| Answer» D. Gateway of Tally > Display> Statutory Reports | |
| 22. |
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 | |
| 23. |
'Tally vault' is a _________________ |
| A. | Security mechanism |
| B. | Ledger a/c |
| C. | Cost category |
| D. | None of the above |
| Answer» A. Security mechanism | |
| 24. |
To declare a voucher as Post Dated press |
| A. | Ctrl + T |
| B. | Alt + T |
| C. | Ctrl + P |
| D. | Ctrl + D |
| Answer» A. Ctrl + T | |
| 25. |
We can get the report of Interest from |
| A. | Account Books |
| B. | Cash and Fund flow |
| C. | Inventory Books |
| D. | Statements of Accounts |
| Answer» D. Statements of Accounts | |
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