TALLY MCQ QUESTION FOR FINAL EXAM
Q. Multiple question and answer:
1. Tally package is developed
by
a)
Peutronics
b)
Tally Solution
c)
Corel Softwares
d)
Vedika Softwares
2.
In general the financial year from shall be
from
a) 1st April of
any year
b)
31st March of any year
c)
All of them are true
d)
None of these
3.
Which menu appears after starting Tally for the first
time
a)
Gateway of Tally
b)
Company Info
c)
Display
d)
None of these
4.
Which option is used in Tally to make changes
in created company
a)
Select Company
b)
Shut Company
c)
Alter
d)
None of these
5.
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
6. Which option is selected from Company Info Menu to divide company data into two financial years (important)
a)
Changes Tally Vault
b)
Alter
c) Split Company
Data
d)
New Company
a)
Backup
b)
Restore
c)
Split Company Data
d)
Copy Data
8. Which option is used to place data taken in pen drive or CD to Appropriate place in Tally (important)
a)
Backup
b) Restore
c) Split Company Data
d)
None of these
a)
Create Company
b)
Alter
c) Select Company
d)
Shut Company
a)
Alter
b) Shut Company
c)
Create Company
d)
Select Company
11. Which option is used to move from one company to another when more than one companies are open (important)
a)
Company Info.
b)
Shut Company
c) Select Company
d)
Company
12. Which menu is used to create new ledgers, groups and voucher types in Tally (important)
a)
Reports
b)
Imports
c)
Transactions
d)
Masters
13. Which sub-menu is used to create new ledgers, groups and voucher types in Tally (important)
a) Account Info.
b)
Inventory Info.
c)
Accounting Vouchers
d)
Inventory Vouchers
14. Which sub-menu is used for voucher entry in Tally (important)
a)
Vouchers
b) Accounting Vouchers
c)
Accounts Info.
d)
None of these
15.
Salary Account comes under which head
a)
Indirect Incomes
b) Indirect Expenses
c)
Direct Incomes
d)
Direct Expenses
16.
How many groups are pre-defined in Tally
a) 28
b)
30
c)
15
d)
19
17.
How many primary
groups are there in
Tally
a)
19
b)
28
c)
15
d)
20
18. How many secondary groups are there in Tally (important)
a)
15
b) 13
c)
28
d)
3
19. 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
20. 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
21.
Which option is used to make changes in created Groups of Ledgers in Tally
a)
Create
b)
Display
c) Alter
d)
Change
22.
How many voucher types are readily available in Tally
a) 18
b)
16
c)
20
d)
28
23.
Which Voucher
type is used to transfer
amount from one bank to another
a) Contra
b)
Payment
c)
Receipt
d)
Post-Dated
24. 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
25.
Where do we record transactions of salary, rent or interest
paid
a)
Contra
b)
Journal
c)
Receipt
d) Payment
26. Where do we record
interest received, commission
received or rent
received in Tally
a)
Contra
b)
Payment
c) Receipt
d)
Journal
27.
Where do we record
cash sales in Tally
a)
Contra
b) Receipt
c)
Payment
d)
Journal
28.
Where do we record credit purchase of furniture in Tally
a) Purchase
b)
Payment
c)
Receipt
d)
Journal
29. Where do we record
purchase return, sales return, depreciation, bad debts etc. in Tally
a)
Journal
b)
Payment
c)
Contra
d)
Receipt
30.
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
31. How many options related to Company Features are there in “F11: Features”
in Tally
a)
3
b)
2
c)
4
d) 5
32. Which unit is created for stock items like grains, pulse,
sugar, oil, ghee etc.
a)
Lts
b)
Nos
c) Kgs
d)
Box
33.
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 > Display > Trial Balance
d)
None of these
34. 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 > Accounts
Books > Profits & Loss A/C
d)
None of these
35.
By default, which mode is on in Purchase and Sales
voucher
a)
Normal Mode
b) Item Invoice
Mode
c)
Particulars Mode
d)
None of these
36.
Which step is followed to view Purchase
Register
a)
Gateway of Tally > Display
> Sales Register
b)
Gateway of Tally > Accounts
Books > Sales Register
c) Gateway of Tally > Display > Accounts Books > Purchase
Register
d)
None of these
37. 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
38.
Which reports are prepared monthly
in Tally ?
a)
Profit & Loss A/C
b)
Balance Sheet
c) Trial Balance
d)
Cash Flow of Funds
flow
39.
By which option Purchase or Sales Register can be viewed
a)
Statutory Books
b)
Inventory Books
c) Account Books
d)
Display
40.
Which option is used to view Stock Items or Group Summary
a)
Account Books
b) Inventory Books
c)
Statutory Books
d)
Display
41.
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
42.
Company Restore option is available in
a)
Company Features
b) Company Information
c)
Configuration
d)
None of these
43.
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
44.
Party account can be created
through
a)
Group creation window
b) Ledger creation window
c)
Inventory creation window
d)
Any one of them
45.
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
46. We can show Bill wise
details of Debtors and Creditors
by activating
a)
Maintain Bill by bill
b) Maintain Bill wise Details
c)
Maintain References
d)
None of these
47.
How many inbuilt
Accounts group are in tally by default
a)
29
b)
31
c)
25
d) 34
48.
Suspense Account Group is defined
under
a)
Income
b)
Expenditure
c) Liabilities
d)
Assets
49.
Manufacturing Journal creates
based on
a)
Journal
b)
Receipt Note
c) Stock Journal
d)
Purchase Quotation
50. To create Manufacturing Journal
which option must be activated
a)
Use Common Narration
b)
Narration for each entry
c)
Prefilled with zero
d)
Use as manufacturing Journal
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