Free Printable TALLY MCQ (PART 2)

1.

Company Restore option is available in

(Page no-33)

a)

Company Features

b)

Company Information

c)

Configuration

d)

None of these

2.

We can modify an existing Company from

(Page no-33)

a)

Company Info > Alter

b)

Company Info > Alter Company

c)

Gateway of Tally > Modify Company

d)

None of these

3.

Party account can be created through

(Page no-63)

a)

Group creation window

b)

Ledger creation window

c)

Inventory creation window

d)

Any one of them

4.

How many options related to Company Features are there in “F11: Features” in Tally

(Page no-48)

a)

3

b)

2

c)

4

d)

5

5.

What is the utility of Tally Vault Password

(Page no-41)

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

6.

Which option is used to make changes in created Groups of Ledgers in Tally
(Page no-63)

a)

Create

b)

Display

c)

Alter

d)

Change

7.

Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.

(Page no-99)

a)

Lts

b)

Nos

c)

Kgs

d)

Box

8.

Which option is used to view Trial Balance from Gateway of Tally?

(Page no-20)

a)

Gateway of Tally > Reports > Trial Balance

b)

Gateway of Tally > Trial Balance

c)

Gateway of Tally > Display > Trial Balance

d)

None of these

9.

How many voucher types are readily available in Tally

a)

18

b)

16

c)

20

d)

28

10.

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

(Page no-115)

a)

Contra

b)

Payment

c)

Receipt

d)

Post-Dated

11.

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 > Account Books > Profit ; Loss A/C

d)

None of these

12.

By default, which mode is on in Purchase and Sales voucher

(Page no-122)

a)

Normal Mode

b)

Item Invoice Mode

c)

Particulars Mode

d)

None of these

13.

Rs.20,000 withdrawn from State Bank. In which voucher type this transaction will be recorded

(Page no-115)

a)

Payment

b)

Receipt

c)

Contra

d)

Post-Dated

14.

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

(Page no-116)

a)

Contra

b)

Journal

c)

Receipt

d)

Payment

15.

Which step is followed to view Purchase Register

a)

Gateway of Tally > Display > Sales Register

b)

Gateway of Tally > Account Books > Sales Register

c)

Gateway of Tally > Display > Account Books > Purchase Register

d)

None of these

16.

Which of the following is not compulsory to create while entry in Accounts with Inventory

(Page no-95)

a)

Stock Groups

b)

Stock Items

c)

Stock Categories

d)

Units of Measure

17.

Which reports are prepared monthly in Tally?

a)

Profit ; Loss A/C

b)

Balance Sheet

c)

Trial Balance

d)

A and B Both

18.

By which option Purchase or Sales register can be viewed

a)

Statutory Books

b)

Inventory Books

c)

Accounts Books

d)

Display

19.

Which option is used to view Stock Items or Group Summary

a)

Accounts Books

b)

Inventory Books

c)

Statutory Books

d)

Display

20.

We can show Bill wise details of Debtors and Creditors by activating

(Page no-77)

a)

Maintain Bill by bill

b)

Maintain Bill wise Details

c)

Maintain References

d)

None of these

21.

How many inbuilt Accounts group are in tally by default

a)

29

b)

31

c)

25

d)

34

22.

Suspense Account Group is defined under

a)

Income

b)

Expenditure

c)

Liabilities

d)

Assets

23.

Manufacturing Journal creates based on

a)

Journal

b)

Receipt Note

c)

Stock Journal

d)

Purchase Quotation

24.

Find out which is not a Default Ledger in Tally.

a)

Cash in Hand

b)

Capital Account

c)

Profit & Loss

d)

None of these

25.

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

26.

Single Entry mode is applicable for

a)

Receipt Voucher

b)

Contra Voucher

c)

Payment Voucher

d)

All of these

27.

To hide the name of the Company you need to define

(Page no-41)

a)

Security Control

b)

Tally Audit

c)

Create at least one User

d)

Tally Vault Password

28.

Goods returning to a Creditor after challan but before bill we need to pass

(Page no-165)

a)

Debit Note

b)

Receipt Note

c)

Rejection Out

d)

Rejection In

29.

How many types of Measurement Units we can create in Tally

(Page no-109)

a)

2

b)

3

c)

5

d)

Unlimited

30.

Which of the following is the example of external users of accounting information

a)

Government

b)

Owners

c)

Management

d)

Employee

31.

A ______ is sent to a customer when he returns the goods

a)

Debit note

b)

Credit note

c)

Proforma invoice

d)

Bill

32.

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

33.

Which of the following is not a transaction

a)

Goods are purchased on cash basis for Rs 1000

b)

Salaries paid for the month of May 20XX

c)

Land is purchased for Rs 10 lakhs

d)

An employee is dismissed from the job

34.

Which shortcut key is used in Company Features screen to use Accounting Features in Tally

(Page no-48)

a)

F1

b)

F2

c)

F3

d)

F4

35.

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

(Page no-49)

a)

F1

b)

F2

c)

F3

d)

F4

36.

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

(Page no-49)

a)

F3

b)

F4

c)

F2

d)

F1

37.

Which key is used to post entry in Debit Note in tally

(Page no-273)

a)

F7

b)

F8

c)

Ctrl + F9

d)

Ctrl + F8

38.

F12 is known as a.

(Page no-47)

a)

Company Features

b)

Company Configuration

c)

Accounting Features

d)

None of these

39.

What is the full form of TCS?

a)

Tax Collected by Staff

b)

Tax Consumption at Source

c)

Tax Collected at Source

d)

Tax Collected from Sales

TALLY MCQ (PART 2)

Total questions: 39

Worksheet time: 20mins

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