Tally Accounting Quiz

Trading Account is prepared to find out

• Financial position

• Net profit or loss

• Gross profit or loss

• Capital employed

What shortcut key is used for Payment Voucher in Tally?

• F4

• F5

• F6

• F7

Which voucher is used for credit purchases in Tally?

• Payment Voucher

• Receipt Voucher

• Purchase Voucher

• Journal Voucher

Outstanding expenses are shown on

• Liabilities side of Balance Sheet

• Assets side of Balance Sheet

• Debit side of P&L Account

• Credit side of P&L Account

Units of Measure are created in

• Accounts Info menu

• Inventory Info menu

• Gateway of Tally

• Company Info menu

Which account shows the financial position of a business?

• Trading Account

• Profit and Loss Account

• Balance Sheet

• Journal

Commission received is shown in which side of P/L Account?

• Debit side

• Credit side

• Liabilities side

• None of these

The shortcut key for Contra Voucher in Tally is

• F4

• F5

• F6

• F7

The shortcut key for Sales Voucher in Tally is

• F5

• F6

• F8

• F9

In Tally, the shortcut key for Purchase Voucher is

• F6

• F7

• F9

• F10