Tally Basic Quiz-Whiz

Tally has 2 no of predefined ledgers.

• True
• Maybe
• BOTH
• NONE

Tally has ___ no of pre defined groups.

• 15
• 13
• 25
• 28

Loan from Brother can be created under which of the following under groups?

• Secured Loan
• Unsecured Loan
• Bank Overdraft
• Fixed Deposits

______ is a collection of stock items of similar nature.

• Stock Group
• Category
• Inventory
• Godowns

Mr Sharma paid Rs.100/ by cash. This entry can be passed in which of the following vouchers.

• Payment
• Receipt
• Contra
• Journal

__________ is used to record credit sales entry.

• Credit Note
• Debit Note
• Sales

• None

_________ voucher is used to record fund transfer between cash and bank accounts.

• Payment
• Receipt
• Contra
• Journal

Abhay sold goods to Rajath. Abhay is a _______.

• Sundry Creditor
• Sundry Debtor
• Supervisor
• Broker

________ tax is applicable when goods are sold between two different states.

• CGST
• GST
• IGST
• NO GST

Salary paid to staff is a _____ expenses

• Direct
• Indirect
• Waste
• Double