Account With Tally
Account With Tally Study Material
- Tally Package is developed by ________.
- a) Tally solutions
b) Tally corporation
c) Tally company
d) Tata company
Ans. a
- Financial Year period is ______.
a) 1 April to 31 March
b) 1 January to 31 December
c) 1 june to 31 july
d) none of these
Ans. a
- Tally is a _______ software.
(a) spreadsheet
(b) accounting
(c) publishing
(d) animation
Ans. b
- Tally supports _______ accounting types.
(a) cash
(b) payroll
(c) inventory
(d) all of them
Ans. d
- Tally can provide _______ to each company.
(a) password security
(b) no security
(c) barrier
(d) wrapper
Ans. a
- Tally can maintain ________ accounts.
(a) tax accounts
(b) liabilities accounts
(c) both a & b
(d) none of them
Ans. c
- Tally allows data entry in _______ language(s).
(a) only Tamil
(b) only English
(c) only Hindi
(d) many Indian/Asian
Ans. d
- Tally generates________ report(s) automatically based on voucher/ journal entries.
(a) balance sheet
(b) stock report
(c) profit & loss account
(d) all of them
Ans. d
- ______ is the shortcut to set date in Tally.
(a) F6
(b) F5
(c) F4
(d) F2
Ans. d
- _____is the shortcut to inventory buttons from Accounting Vouchers in Tally.
(a) Alt+F1
(b) Ctrl+F1
(c) F7
(d) F8
Ans. a
- _____ is the shortcut to company info from Gateway of Tally.
(a) F1
(b) Alt+F1
(c) Alt+F2
(d) Alt+F3
Ans. d
- _____ is the shortcut to change the language in Tally.
(a) Alt+ D
(b) Alt+ Q
(c) Alt+ P
(d) Alt+ G
Ans. d
- ______ is the shortcut to shut a company in Tally.
(a) F1
(b) Alt+F1
(c) Alt+F2
(d) Alt+F3
Ans. b
- ______ is the shortcut to change the accounting period from Gateway of Tally.
(a) F1
(b) Alt+F1
(c) Alt+F2
(d) Alt+F3
Ans. c
- ______ is the shortcut to export a report to different format in Tally.
(a) Alt+2
(b) Alt+ A
(c) Alt+ C
(d) Alt+ E
Ans. d
- POS stands for ______ in accounting/Tally.
(a) Purchase of Sale
(b) Point of Safety
(c) Purpose of Sale
(d) Point of Sale
Ans. d
- In taxation, TCS stands for_____.
(a) Tax Creation at Source
(b) Tax Collected at Source
(c) Tax Combined at Source
(d) Tariff Collected at Station
Ans. b
- In taxation, VAT stands for_____.
(a) Value Assigned Tax
(b) Value Approved Tax
(c) Value Added Transaction
(d) Value Added Tax
Ans. d
- Who receives benefits without giving money immediately but liable to pay in future?
A Creditor
B Debtor
C Owner
D Worker
Ans. b
20.What is the purpose of security feature in Tally?
A Provides budget option
B Provides option for data backup
C Provides option to upload reports
D Provides statement of accounts
Ans. c
21.Which budget is prepared for a very short period?
A Current budget
B Long term budget
C Rolling budget
D Short term budget
Ans. a
- ______ is the major source of revenue of any business.
a) Investment
b) Advance
c) Loan
d) Sales
Ans. d
- Full form of ODBC
a) Open data base connectivity
b) Open data base calculating
c) Open document basically
d) Order data base connection
Ans. a
- Company restore option is available in ________.
a) Company reset
b) New company
c) company information
d) Edit company
Ans. c
- To change current Date from Gateway of tally press the key ____.
- a) F1
- b) F2
- c) F3
- d) F4
Ans. b
- Tally supports ________ system of accounting.
(a) single entry
(b) double entry
(c) no entry
(d) null entry
Ans. b
- Tally can maintain ________ for stock keeping, so that fresh inventory may arrive before the old stock is exhausted.
(a) reorder level
(b) profit
(c) loss
(d) cash
Ans. a
- Balance sheet is produced ________when accounts are maintained in Tally.
(a) manually
(b) automatically
(c) remotely
(d) randomly
Ans. b
- The statement of account debits, credits, assets and liabilities is called______.
(a) stock& inventory report
(b) profit & loss account
(c) balance sheet
(d) cash balance
Ans. c
- Pressing _______button in the Gateway of Tally opens company info in Tally.
(a) Alt+F3
(b) F11
(c) F5
(d) F6
Ans. a
- Pressing______ key opens accounting features.
(a) Alt+F3
(b) F11
(c) F5
(d) F6
Ans. b
- Payroll, budgeting and scenario management may be enabled through ______menu in Tally.
(a) Accounting Features
(b) Inventory Features
(c) Statutory and Taxation
(d) none of them
Ans. a
- Account Groups, Ledgers, Budget and scenario are available under ______ in Tally.
(a) Payroll Info
(b) Inventory Info
(c) Accounts Info
(d) none of them
Ans. c
- Inventory groups, (categories, if needed), items, units of measure, reorder level, inventory vouchers, etc. are available under _______in Tally.
(a) Payroll Info
(b) Inventory Info
(c) Accounts Info
(d) none of them
Ans. b
- Employee groups, employee, attendance/production types, pay heads, salary details, voucher types, etc. areavailable under in Tally.
(a) Payroll Info
(b) Inventory Info
(c) Accounts Info
(d) none of them
Ans. a
36._____ is the shortcut to create contra voucher in Tally.
(a) F6
(b) F5
(c) F4
(d) F2
Ans. c
37.______ is the shortcut to create payment voucher in Tally.
(a) F6
(b) F5
(c) F4
(d) F2
Ans. b
- _______is the shortcut to create receipt voucher in Tally.
(a) F6
(b) F5
(c) F4
(d) F2
Ans. a
- ______is the shortcut to configure a company in Tally.
(a) F6
(b) F5
(c) F4
(d) F12
Ans. d
Long Answer Type Question!
1) What is Account and How many parts of Account?
2) Display the Balance Sheet and Profit & Loss?
3) What are Secured Loan and Unsecured Loan?
4) What are Direct Exp. and Indirect Exp.?
5) Write any 10 Shortcut Keys of Tally.