1. What are the two ledgers that are by default provided by tally?
A. Cash a/c & Bank a/c
B. Bank a/c & P/L a/c
C. Cash a/c & P/L a/c
D. None of the above
ANS. C
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
ANS. A
3. A ______ is sent to a customer when he returns the goods
A. Debit note
B. Credit note
C. Proforma invoice
D. Bill
ANS. B
4. A ______ is sent to the seller when he is taken back the sold goods
A. Debit note
B. Credit note
C. Proforma invoice
D. Bill
ANS. A
5. Which option is used to open company created in Tally
A. Create Company
B. Alter
C. Select Company
D. Shut Company
ANS. C
6. Which option is used in Tally to close opened Company
A. Alter
B. Shut Company
C. Create Company
D. Select Company
ANS. B
7. Which menu appears after starting Tally for the first time
A. Gateway of Tally
B. Company Info
C. Display
D. None of these
ANS. A
8. Which option is used in TallyPrime to make changes in created company
A. Select Company
B. Shut Company
C. Alter
D. None of these
ANS. C
9. Which option from Gateway of Tally is selected to create a new Company in Tally
A. Company Create
B. Create Company
C. Create
D. New Company
ANS. C
10. How many groups are pre-defined in Tally
A. 28
B. 30
C. 15
D. 19
ANS. A
11. 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
ANS. D
12. Which option is used to move from one company to another when more than one companies are open
A. Company Info
B. Shut Company
C. Select Company
D. Company
ANS. C
13. Which submenu is used for voucher entry in Tally
A. Vouchers
B. Accounting Vouchers
C. Accounts Info
D. None of these
ANS. A
14. Salary Account comes under which head
A. Indirect Incomes
B. Indirect Expenses
C. Direct Incomes
D. Direct Expenses
ANS. B
15. Where do we record interest received, commission received or rent received in Tally
A. Contra
B. Payment
C. Receipt
D. Journal
ANS. C
16. Interest received, commission received or rent received comes under which group
A. Indirect Incomes
B. Indirect Expenses
C. Direct Incomes
D. Direct Expenses
ANS. A
17. Where do we record cash sales in Tally
A. Contra
B. Receipt
C. Payment
D. Journal
ANS. B
18. Where do we record credit purchase of furniture in Tally
A. Purchase
B. Payment
C. Receipt
D. Journal
ANS. A
19. Which option is used to make changes in created Groups of Ledgers in Tally
A. Create
B. Display
C. Alter
D. Change
ANS. C
20. Which voucher type is used to transfer amount from one bank to another
A. Contra
B. Payment
C. Receipt
D. Post-Dated
ANS. A
21. Which voucher type is used to withdraw amount from bank
A. Contra
B. Payment
C. Receipt
D. Journal
ANS. A
22. Which voucher type is used to transfer stock from one godown to another
A. Contra
B. Payment
C. Receipt
D. Stock Journal
ANS. D
22. 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
ANS. C
23. Rs. 2,000 transferred cash to pettycash. In which voucher type this transaction will be recorded
A. Contra
B. Payment
C. Receipt
D. Stock Journal
ANS. A
24. Where do we record transactions of salary, rent or interest paid
A. Contra
B. Journal
C. Receipt
D. Payment
ANS. D
25. Where do we record transactions of rent or interest received
A. Contra
B. Journal
C. Receipt
D. Payment
ANS. C
26. Manufacturing Journal creates based on
A. Journal
B. Receipt Note
C. Stock Journal
D. Purchase Quotation
ANS. C
27. To create Manufacturing Journal which option must be activated
A. Use Common Narration
B. Narrations for each entry
C. Prefilled with Zero
D. Use as manufacturing Journal
ANS. D
28. How many types of Measurement Units we can create in Tally
A. 2
B. 3
C. 5
D. Unlimited
ANS. A
29. In Tally, there are ________ predefined ledgers.
A. One
B. Two
C. Three
D. Four
ANS. B
30. Find out which is not a Default Ledger in Tally
A. Cash
B. Capital Account
C. Profit ; Loss
D. None of these
ANS. B
31. 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
ANS. C
32. Discount Column is available in
A. Sales Invoice
B. Purchase Invoice
C. Both (a) and (b)
D. None of these
ANS. C
33. Default ‘godown’ name in tally is ________
A. Primary
B. Main location
C. A or b
D. None of the above
ANS. B
34. Which of the following is used for voucher entry
A. Ledger Account
B. Groups
C. Sub-Groups
D. Depends on number of companies
ANS. A
35. Sales return are recorded in ________ Voucher
A. Sales voucher
B. Debit note
C. Receipt
D. Credit note
ANS. D
36. The home screen of tally is also known as
A. Menu bar
B. Gateway of tally
C. Accounts info
D. Button tool bar
ANS. B
37. Salary comes under ________ Head
A. Direct expense
B. Current liability
C. Indirect expense
D. Current asset
ANS. C
38. A company can be deleted only in
A. Display
B. Alter
C. Delete
D. Create
ANS. B
39. Collection of ledgers of same nature is called
A. Vouchers
B. Asset
C. Group
D. None of these
ANS. C
40. Transfer from main cash to petty cash you require to pass ________
A. Voucher
B. Payment
C. Contra
D. Receipt
ANS. C
41. Which voucher used for recording goods received
A. Rejection in
B. Receipt note
C. Purchase order
D. Stock voucher
ANS. B
42. A ______ is sent to a customer when he returns the goods
A. Debit note
B. Credit note
C. Proforma invoice
D. Bill
ANS. B
43. Bank account is ________
A. Personal account
B. Real account
C. Nominal account
D. Intangible real account
ANS. A
44. Assets acquired for long term use in the business are called ________
A. Fixed assets
B. Current assets
C. Fictitious assets
D. Liquid asset
ANS. A
45. A person who owes money to the business is a ________
A. Debtor
B. Creditor
C. Investor
D. Supplier
ANS. A
46. Taxes paid come under which group
A. Capital
B. Loans and liabilities
C. Direct expenses
D. Duties and taxes
ANS. D
47. Closing stock come under ________
A. Current asset
B. Fixed asset
C. Stock in hand
D. Direct income
ANS. C
48. Debit note is used for entering
A. Purchases
B. Sales
C. Purchase return
D. Sales return
ANS. C
49. Credit note is used for entering
A. Purchases
B. Sales
C. Purchase return
D. Sales return
ANS. D
50. To change Current Date from Gateway of Tally press the key
A. F1
B. F5
C. F2
D. F9
ANS. C
51. To change Current Period from Gateway of Tally press the key
A. F1 + ALT
B. ALT + F5
C. ALT + F2
D. CTRL + F2
ANS. C
52. We can cancel a voucher using
A. Alt + X
B. Ctrl + X
C. Shift + X
D. Ctrl + Shift + X
ANS. A
53. To change the date, shortcut used
A. Alt + F2
B. Alt + F3
C. F2
D. F1
ANS. C
54. Which shortcut key is used to change current period in Tally
A. F2
B. Alt + F2
C. F3
D. Alt + F3
ANS. B
55. Which Shortcut key is pressed to direct create a new company in Tally
A. F4
B. Alt + F3
C. F2
D. Alt + F2
ANS. B
56. Which Shortcut key is pressed to view features in TallyPrime
A. F10
B. F11
C. Alt + F11
D. F12
ANS. B
57. Which shortcut key is used to view configure in TallyPrime
A. F10
B. F11
C. F12
D. Alt + F9
ANS. C
58. Which option is used to exit Tally
A. Exit
B. Close
C. Quit
D. Shut Company
ANS. C
59. Where do we record all type of adjustment entry in Tally
A. F5:Payment
B. F6:Receipt
C. F7:Journal
D. F4:Contra
ANS. C
60. Which shortcut key is used to shut opened company in Tally
A. F1
B. Alt + F1
C. F3
D. Alt + F3
ANS. B
61. In which voucher type credit sales is recorded in Tally
A. F5:Payment
B. F6:Receipt
C. F7:Journal
D. F8:Sales
ANS. D
62. Which shortcut key is pressed to create a new master during voucher entry
A. Alt + C
B. Alt + X
C. Alt + D
D. Alt + A
ANS. A
63. Which shortcut key is pressed for voucher entry or deleting a ledger
A. Alt + A
B. Alt + C
C. Alt + X
D. Alt + D
ANS. D
64. F12 button is used to select ________ option
A. Select company
B. More features
C. Inventory
D. Configuration
ANS. D
65. F2 is used for
A. Changing current date
B. Changing current period
C. Change the voucher
D. Select payment voucher
ANS. A
66. To see any report in detailed way, press
A. Alt + F2
B. F2
C. Alt + C
D. Alt + F1
ANS. D
67. Which function key used for receipt voucher
A. F3
B. F4
C. F5
D. F6
ANS. D
68. Which function key used for payment voucher
A. F3
B. F4
C. F5
D. F6
ANS. C
69. Which function key used for purchase voucher
A. F8
B. F9
C. F4
D. F3
ANS. B
70. Which function key used for sale voucher
A. F8
B. F9
C. F4
D. F3
ANS. A
71. Which function key used to select journal voucher
A. F5
B. F6
C. F7
D. F2
ANS. C
72. Which key is used to select contra voucher is
A. F4
B. F8
C. F9
D. F7
ANS. A
