Practice Test

Q1) A person who owes money to the business is creditor. Show Answer

Q2) Title bar of the Tally displays information about software version, release, data and time. Show Answer

Q3) For maintaining accounts, Tally requires accounting code. Show Answer

Q4) User can delete or remove a particular company by pressing Alt + D when the company is opened in alter mode. Show Answer

Q5) In Tally configuration option affects all companies maintained in the same directory. Show Answer

Q6) User can select more than one company at a time. Show Answer

Q7) After creating an company, many cash accounts can be created. Show Answer

Q8) To active gateway of Tally press Ctrl+N as a shortcut key. Show Answer

Q9) F4 key is used to take the backup in Tally. Show Answer

Q10) For shutting a company , press Alt + F3. Show Answer

Q11) In Tally user cannot select more than one company at a time. Show Answer

Q12) F2 key is used to open the existing company Show Answer

Q13) Tally provides full control over every aspect of business accounting. Show Answer

Q14) ALT+F2 is used to active company info menu. Show Answer

Q15) Alter company is used to modify existing company Show Answer

Q16) F1 option is used to open existing company. Show Answer

Q17) ALT+F1 option is used to load current company. Show Answer

Q18) F12 function key is used to configure company. Show Answer

Q19) Tally does not permit to change the parent of a predefined group. Show Answer

Q20) User can delete a groups from multiple alternation mode . Show Answer

Q21) User can delete a group from single alternation mode only Show Answer

Q22) In display mode user can make any change in the group Show Answer

Q23) Managing single and multiple group is very important feature of Tally. Show Answer

Q24) Bank account, secured loans and unsecured loans are subgroups of loan. Show Answer

Q25) In Tally to delete a group ALT+D key is used. Show Answer

Q26) Unsecured loan mean loan taken by company any security. Show Answer

Q27) Building, Furniture & Land all are fixed assets. Show Answer

Q28) Tally provides 18 primary groups and 13 subgroups. Show Answer

Q29) Tally provides 31 predifined groups. Show Answer

Q30) Factory expense comes under direct expenses. Show Answer

Q31) Outstanding liabilities, statuory liabilities etc. comes under current liabilities. Show Answer

Q32) All types of bank accounts are current asset. Show Answer

Q33) In Tally, F2 key is used to change the date. Show Answer

Q34) Alt+F2 key is used to change the period of the company. Show Answer

Q35) Ctrl+F2 is used to change the period of the company. Show Answer

Q36) In Tally, Alt + p short key is used for printing. Show Answer

Q37) Contra voucher includes all the entries between bank and cash. Show Answer

Q38) Ledgers are very important for voucher entries. Show Answer

Q39) Ledger can be deleted when there is no transactions record into ledger. Show Answer

Q40) Ledger are used for recording day to day transactions. Show Answer

Q41) In Tally, Alt+P short key is used for printing reports. Show Answer

Q42) Centre is a unit of an organization to which transaction are allocated. Show Answer

Q43) Voucher are used for recording day to day transactions. Show Answer

Q44) Journal voucher is select using F7 key. Show Answer

Q45) In Tally, Journal vouchers can be used to record cash or bank transactions Show Answer

Q46) Receipt voucher includes all the transaction in which cash comes in the company. Show Answer

Q47) Paid salary Rs. 5000. This transaction entry goes into payment voucher. Show Answer

Q48) In payment voucher, cash account has debit typs of balance. Show Answer

Q49) In Receipt voucher, cash account has debit type of balance. Show Answer

Q50) In Sales voucher, always record the name of account to be debited. Show Answer

Q51) Purchase voucher includes all credit purchase transactions. Show Answer

Q52) Voucher can be marked as post dated in Tally. Show Answer

Q53) Memo voucher entries do not affect the Balance Sheet. Show Answer

Q54) Alt+D key are used for erase voucher and also entry permanently Show Answer

Q55) Sales account is related to sales return. Show Answer

Q56) Profit center means users allocates profit or income to these centers. Show Answer

Q57) Unsecured loan means loan taken by the company with any security. Show Answer

Q58) Cost centers means user allocations cost or expenses to these centers. Show Answer

Q59) To delete cost ALT+D is used. Show Answer

Q60) Contra voucher is used to transfer funds from one source to another source. Show Answer

Q61) Receipt voucher records all payments made through bank and cash. Show Answer

Q62) Payment voucher includes cash purchase transactions. Show Answer

Q63) Sales voucher includes all cash sale transactions. Show Answer

Q64) Sales voucher records all entries related to sales Account. Show Answer

Q65) F8 function key is used to activate sales voucher. Show Answer

Q66) F9 function key is used to activate purchase voucher Show Answer

Q67) Journal voucher is used for rectification adjustment entries. Show Answer

Q68) F7 function key is used to activate Journal voucher. Show Answer

Q69) Debit note used to record good return of a part of goods by the customer. Show Answer

Q70) Credit note is used to record good return to supplier due to damage condition Show Answer

Q71) Memo is a non accounting voucher. Show Answer

Q72) In Tally to print voucher CTRL+P key combination is used. Show Answer

Q73) In Tally, to print the Invoice Ctrl + P key is used. Show Answer

Q74) The invoice received along with goods purchased is called as inward invoice Show Answer

Q75) In tally to print Purchase Order. Show Answer

Q76) ALT+F4 is used to activate purchase order. Show Answer

Q77) Sales order / purchase order is non accounting inventory voucher. Show Answer

Q78) Invoice is also known as Sales invoice. Show Answer

Q79) Sales invoice allows automatic calculation of taxes and duties on items . Show Answer

Q80) In Tally, features activated through F12 key are applicable to all companies. Show Answer

Q81) Profit and Loss account display all primary groups and their closing Dr. and Cr. balance Show Answer

Q82) Profit and Loss account is an arithmetical check of all the entries done upto date Show Answer

Q83) In the Balance sheet every entry debit entry is matched by a credit entry. Show Answer

Q84) Profit and Loss account contains all income and expenses including outstanding and prepaid Show Answer

Q85) Trial Balance is an arithmetic check of all the entries done up to date. Show Answer

Q86) A Trial Balance is prepared to check arithmatical accuracy of transaction under double entry system. Show Answer

Q87) Trial Balance is prepared to findout errors while writing books of accounts. Show Answer

Q88) On basis of Balance sheet user can prepare final account of business. Show Answer

Q89) Monthly option displays Trial balance day wise. Show Answer

Q90) Balance sheet is a statement showing the financial position of a business on particular date. Show Answer

Q91) Balance sheet is a statement of assets and liabilities. Show Answer

Q92) Profit and loss account is a normal account in nature. Show Answer

Q93) In Tally F6 option display Trial balance as per primary groups. Show Answer

Q94) F1 option display Trial Balance subgroups or ledgers. Show Answer

Q95) Trial Balance is generated automatically in tally. Show Answer

Q96) ------------- is a shortcut key to select any activated company. Show Answer

Q97) Short key Alt + F1 is used for ------- company option. Show Answer

Q98) In Tally, F4 functional key is used to recognize ---------- option. Show Answer

Q99) To activate calculator of Tally, -------- shortcut key is used. Show Answer

Q100) Alt + F1 key is used to -------- which are active in desktop. Show Answer

Q101) Which of the following is submenu under Company Info ? Show Answer

Q102) To active Gateway of tally ------- shortcut key is used . Show Answer

Q103) We can change the Company Information from ---------------- Show Answer

Q104) Company Restore option is available in --------- . Show Answer

Q105) We can Modify an existing Company from Show Answer

Q106) To change Current Data from Gateway of Tally press the -------- key . Show Answer

Q107) The shortcut key to quit from Tally is -------- . Show Answer

Q108) --------------- option is used to create a new company in tally. Show Answer

Q109) In Tally ------ option is used to alter the existing company . Show Answer

Q110) In Tally ------- option is used to open existing company . Show Answer

Q111) In tally -------- option is used to unload current company. Show Answer

Q112) Total amount invested by the proprietor into the business is called ------ . Show Answer

Q113) A person who owes money to the business is called a ------- Show Answer

Q114) Tally provides a set of ------ numbers of predefined groups mainly based on the traditional methods of accounting system. Show Answer

Q115) Tally provides -------- subgroups . Show Answer

Q116) Owner account is under ------------- account group . Show Answer

Q117) Value of machinary comes under the primary group of -------------- . Show Answer

Q118) Tally provides ------- Primary Groups . Show Answer

Q119) In tally which are valid subgroups at loans ---------- . Show Answer

Q120) In Tally ------ key is used the change period. Show Answer

Q121) In Tally ------ key combination is used to repeat the narration. Show Answer

Q122) To create a new ledger in voucher entry screen -------- key is used. Show Answer

Q123) In Tally business owner's ledger A / C comes under -------- group . Show Answer

Q124) Using F2 functional key ------ option gets activated . Show Answer

Q125) In receipt voucher , cash A/c has -------- type of balance . Show Answer

Q126) ---------- is the invalid Voucher type in tally . Show Answer

Q127) A unit which definite costs can be allocated is known as -------- . Show Answer

Q128) In Tally , F7 key is used to select ---------- voucher type. Show Answer

Q129) In ------ types of voucher, only bank & cash A / c are used. Show Answer

Q130) In Tally, for Receipt Voucher ------ key is used. Show Answer

Q131) In Tally, for Memo Voucher ----- key is used . Show Answer

Q132) A Ledger can't be deleted if it is caring Opening Balance. Show Answer

Q133) There are --------- predefined ledgers. Show Answer

Q134) To print a voucher from Tally we need to press ------- Show Answer

Q135) Find out which is not a Default Ledger in Tally . Show Answer

Q136) In tally -------- is non - accounting voucher. Show Answer

Q137) In Tally, for payment voucher ------ key is used . Show Answer

Q138) In tally ----------- key combination is used to delete the voucher . Show Answer

Q139) In --------- type of voucher only bank & cash account are used . Show Answer

Q140) In --------- tally is a unit of an organization to which transactions are allocated. Show Answer

Q141) In tally, for Journal Voucher ---------- key is used. Show Answer

Q142) In tally to select receipt voucher ------------ function key is used Show Answer

Q143) In tally ------ voucher is used for adjustment between any two ledgers. Show Answer

Q144) In receipt voucher cash account has ----------- of balance . Show Answer

Q145) In Tally -------- group can be given to discount received. Show Answer

Q146) ----------- is valid voucher type in tally . Show Answer

Q147) In tally --------- an valid vouchers. Show Answer

Q148) --------------- key is used for safety of data in Tally provides the facility of taking backup on floppy. Show Answer

Q149) In Tally records of purchase returns / purchase is done in ------- voucher. Show Answer

Q150) To Delete legders, vouchers, cost centers --------- key is used Show Answer

Q151) To cancel voucher entry ------- key is used. Show Answer

Q152) In Tally for contra voucher ------- key is used . Show Answer

Q153) In Tally for sales voucher ---------- is used . Show Answer

Q154) In purchase voucher, always -------- A / c debit balance. Show Answer

Q155) To print the invoice --------- key is used. Show Answer

Q156) In tally to print sales invoice -------- function key is used. Show Answer

Q157) In tally -------- function key is used for purchase order. Show Answer

Q158) In Tally ------- key is used for purchase order creation. Show Answer

Q159) In Tally ------ key is used for sales order creation. Show Answer

Q160) To configure a company, --------- key is used. Show Answer

Q161) In tally, to change the features of the company ---------- key used. Show Answer

Q162) The -------- is an arithmetical check of all transactions done as per date. Show Answer

Q163) ------------ is prepared to check arithmatical accuracy of transactions under double entry system . Show Answer

Q164) ----------- is prepared to find out errors while writing books of accounts. Show Answer

Q165) The ----- is a statement showing the financial position of business or a particular date. Show Answer

Q166) The --------- is a statement of assests and liabilities. Show Answer

Q167) In ----------- debit side total always matches with credit side total. Show Answer

Q168) The ----------- key is used to configure Balance sheet. Show Answer

Q169) The entire ledger is summarized in the form of a ------------- . Show Answer

Q170) In ------- all debit and credit balances are matched. Show Answer

Q171) The features of Tally are ------------ . Show Answer

Q172) Opening screen of Tally shows following areas : Show Answer

Q173) Various options options of configuration menu are ------------- . Show Answer

Q174) The primary group Loans contains following subgroups : Show Answer

Q175) Following are predefined group in Tally Show Answer

Q176) Current liabilities group includes following subgroups : Show Answer

Q177) In Tally ----------- are primary groups and ------------ are subgroups. Show Answer

Q178) Capital A/c holds ---------- and -------- of the company Show Answer

Q179) ALT+D is used to delete ------- . Show Answer

Q180) In Tally duties and Taxes hold following accounts ------------- . Show Answer

Q181) In Tally indirect expenses group can be given to following ledger accounts, Show Answer

Q182) Current asset group includes following subgroups. Show Answer

Q183) In Tally, to create Cost centers, we need to fill some of the following fields. Show Answer

Q184) Select the voucher type the following in Tally Show Answer

Q185) In following which types of vouchers record the name of account to be credited. Show Answer

Q186) In Tally valid voucher types are Show Answer

Q187) In Tally F7 function key is for selecting following voucher. Show Answer

Q188) The Receipt voucher records all receipt into ------- or -------- accounts Show Answer

Q189) From Trial balance following separate documents are prepared . Show Answer

Q190) ALT + P is used to print ----------. Show Answer

Q191) ALT+D is used to delete following. Show Answer

Q192) F1 function key display -------- and ------- as per subgroups or ledgers. Show Answer

Q193) F12 key is used to configure following. Show Answer

Q194) Company configuration menu having the option : Show Answer

Q195) In Tally, Company Information menu having following options : Show Answer

Q196) In tally creating company menu consist of --------- Show Answer

Q197) Company configuration menu displays following options Show Answer

Q198) In Tally creating company menu consist of ---------- Show Answer

Q199) Current Assets holds the account of following subgroups Show Answer

Q200) Duties and Taxes holds the account of following Show Answer

Q201) Which of the groups display in the Profit and Loss account : Show Answer

Q202) In Tally, which of the following are valid subgroups of loans : Show Answer

Q203) Current Assets group includes following subgroups : Show Answer

Q204) In tally fixed assets hold following assets -------- . Show Answer

Q205) In tally which are valid subgroups of loans ------- . Show Answer

Q206) In tally Alt + D is shortcut key to delete following Show Answer

Q207) Alt+D is used to delete following vouchers Show Answer

Q208) ALT+P is used to print following Show Answer

Q209) Three types of Journal vouchers are -------- Show Answer

Q210) In Tally ------- are the accounting vouchers. Show Answer

Q211) In Tally, Balance Sheet displays which of the following groups : Show Answer

Q212) F1 option displays following as per subgroups of ledgers. Show Answer

Q213) If the financial year starts from 1/4/2003 and book beginning date is 1/6/2003 user can pass the journal entry on 15/4/2003 in tally Show Answer

Q214) A purchase order is known as the first document in inventory transaction. Show Answer

Q215) In tally, user can process the purchase order in accounts only company. Show Answer

Q216) Memo voucher is a non - accounting type of voucher. Show Answer

Q217) F6 function key is used to activate receipt voucher in Tally. Show Answer

Q218) What is the use of Ctrl + M in Tally ? Show Answer

Q219) What is the use of Ctrl + N key in Tally? Show Answer

Q220) Which of the following is submenu under Company Info? Show Answer

Q221) In Tally, which key is used to configure the company? Show Answer

Q222) In tally which key is used to change the features of the company? Show Answer

Q223) Which of the following are valid types in Tally ? Show Answer

Q224) Which of the following are journal types in Tally? Show Answer

Q225) Which of the following are Non - Accounting Vouchers in Tally? Show Answer

Q226) Company Configuration Menu displays the following options. Show Answer

Q227) In Tally Display Menu show following Options. Show Answer

Q228) Which of the following Journal types in Tally Show Answer