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COMPUTERISED ACCOUNTING WITH TALLY-MCQs

Total questions: 48

Worksheet time: 16mins

Name
Class
Date
1.

What type of application software is Tally?

a)

Statistics package

b)

Spreadsheet package

c)

Accounting Package

d)

All of these

2.

Tally package is developed by

a)

Peutronics

b)

Tally Solutions

c)

Coral Softwares

d)

Vedika Softwares

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.

Latest version of Tally package is....

a)

8.1

b)

4.93

c)

8.1

d)

5.5.2

5.

Oldest version of tally was.........

a)

5.2

b)

5.5.2

c)

4.93

d)

None of these

6.

Which option is used in Tally to make changes in created company?

a)

Select Company

b)

Shut Company

c)

Alter

d)

None of these

7.

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

8.

Which option is selected from Company Info Menu to divide company data into two financial years?

a)

Change Tally Vault

b)

Alter

c)

Split Company Data

d)

New Company

9.

Which option is used to copy company’s data into pen drive or CD?

a)

Backup

b)

Restore

c)

Split Company Data

d)

Copy Data

10.

Which option is used to place data taken in pen drive or CD to Appropriate place in Tally?

a)

Backup

b)

Restore

c)

Split Company Data

d)

None of these

11.

How many types of company can be created in tally?

a)

2

b)

4

c)

1

d)

None of these

12.

Which option is used in Tally to close opened Company?

a)

Alter

b)

Shut Company

c)

Create Company

d)

Select Company

13.

Which shortcut key is used to take print of any report in Tally?

a)

Ctrl+P

b)

Shift+P

c)

Alt+P

d)

Alt+Ctrl+P

14.

Which shortcut key is used for Select Company in Tally?

a)

F1

b)

Alt+F1

c)

F3

d)

Alt+F3

15.

Which shortcut key is used to change current period in Tally?

a)

F2

b)

Alt+F2

c)

F3

d)

Alt+F3

16.

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

17.

Which Shortcut key is pressed to create a new company in Tally?

a)

F3

b)

Alt+F3

c)

F2

d)

Alt+F2

18.

Which Shortcut key is pressed to view features in Tally?

a)

F10

b)

F11

c)

Alt+11

d)

Alt+F12

19.

Which shortcut key is used to view configure in Tally?

a)

F10

b)

F11

c)

F12

d)

Alt+F9

20.

Which menu is used to create new ledgers, groups and voucher types in Tally?

a)

Reports

b)

Import

c)

Transactions

d)

Masters

21.

Which submenu is used to create new ledgers, groups and voucher types in Tally?

a)

Account Info.

b)

Inventory Info.

c)

Accounting Vouchers

d)

Inventory Vouchers

22.

With how many types ledger, group and voucher types can be created in Tally?

a)

2

b)

3

c)

4

d)

5

23.

Which submenu is used for voucher entry in Tally?

a)

Vouchers

b)

Account Vouchers

c)

Accounts Info.

d)

None of these

24.

Which option is used to exit Tally?

a)

Exit

b)

Close

c)

Quit

d)

Shut Company

25.

Salary Account comes under which head?

a)

Indirect Incomes

b)

Indirect Expenses

c)

Direct Incomes

d)

Direct Expenses

26.

How many groups are pre-defined in Tally?

a)

28

b)

30

c)

15

d)

19

27.

How many primary groups are there in Tally?

a)

19

b)

28

c)

15

d)

20

28.

How many secondary groups are there in Tally?

a)

15

b)

13

c)

28

d)

34

29.

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

30.

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

31.

Which option is used to make changes in created Groups of Ledgers in Tally?

a)

Create

b)

Display

c)

Alter

d)

Change

32.

How many voucher types are readily available in Tally?

a)

18

b)

16

c)

20

d)

28

33.

How many voucher types are provided in Tally to record transactions?

a)

2

b)

3

c)

4

d)

5

34.

Which key is pressed to post entries in double entry accounting system instead of single entry system in Tally.ERP9?

a)

F11

b)

F12

c)

Alt+F11

d)

Alt+F12

35.

Which voucher type is used to transfer amount from one bank to another?

a)

Contra

b)

Payment

c)

Receipt

d)

Post-Dated

36.

Rs.10, 000 withdrawn from State Bank. In which voucher type this transaction will be recorded?

a)

Payment

b)

Receipt

c)

Contra

d)

Post-Dated

37.

Where do we record transactions of salary, rent or interest paid?

a)

Contra

b)

Journal

c)

Receipt

d)

Payment

38.

Where do we record interest received, commission received or rent received in Tally?

a)

Contra

b)

Payment

c)

Receipt

d)

Journal

39.

Where do we record cash sales in Tally?

a)

Contra

b)

Receipt

c)

Payment

d)

Journal

40.

Where do we record credit purchase of furniture in Tally?

a)

Purchase

b)

Payment

c)

Receipt

d)

Journal

41.

Where do we record purchase return, sales return, depreciation, bad debts etc. in Tally?

a)

Journal

b)

Payment

c)

Contra

d)

Receipt

42.

Where do we record all type of adjustment entry in Tally?

a)

F5:Payment

b)

F6:Receipt

c)

F7:Journal

d)

F4:Contra

43.

Which shortcut key is pressed and then ‘yes’ is given in “Use Debit/Credit Noted” to post entry in Credit Note and Debit Note in Tally?

a)

Alt+F11

b)

F11

c)

F12

d)

Alt+F12

44.

In which voucher type credit purchase entry is posted in Tally?

a)

F5:Payment

b)

F7:Journal

c)

F9:Purchase

d)

F6:Receipt

45.

In which voucher type credit sales is recorded in Tally?

a)

F5:Payment

b)

F6:Receipt

c)

F7:Journal

d)

F8:Sales

46.

Which shortcut key is used in ‘Company Feature’s screen to use Accounting Features in Tally?

a)

F1

b)

F2

c)

F3

d)

F4

47.

Which shortcut key is used in ‘Company Features’ screen to use Inventory Features in Tally?

a)

F1

b)

F2

c)

F3

d)

F4

48.

Which shortcut key is used in ‘Company Features’ Screen to use Statutory & Taxation in Tally?

a)

F3

b)

F4

c)

F2

d)

F1