Quiznetik

Computerized Accounting with Tally | Set 2

1. in general the financial year from shall be from

Correct : A. 1st April of any year

2. We can modify an existing Company from

Correct : A. Company Info > Alter

3. To change Current Date from Gateway of Tally press the key

Correct : C. F2

4. Party account can be created through

Correct : B. Ledger creation window

5. A ledger may get declaration space for its Alias through

Correct : A. F12

6. F12 is known as

Correct : B. Company Configuration

7. What is the utility of Tally Vault Password?

Correct : C. It will not show the Company Name in the Company Select List.

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

Correct : B. Maintain Bill wise Details

9. The shortcut key to quit from Tally is

Correct : D. Ctrl+Q

10. How many inbuilt Accounts group are in tally by default?

Correct : B. 31

11. The shortcut used to activate calculator is

Correct : A. Ctrl + N

12. Suspense Account Group is defined under

Correct : C. Liabilities

13. To activate MRP feature from Gateway of Tally initially we need to press

Correct : B. F12

14. MRP formula for inclusive of vat is

Correct : C. Both a & b

15. Manufacturing Journal creates based on

Correct : C. Stock Journal

16. To create Manufacturing Journal which option must be activated

Correct : D. Use as manufacturing Journal

17. How many types of Measurement Units we can create in Tally?

Correct : A. 2

18. To activate Job Costing which options require to be activated?

Correct : C. Both a & b

19. Multiple Godowns are activated from

Correct : C. F11 > F2

20. In Tally, there are _________ predefined ledgers

Correct : C. Two

21. We can see list of Memorandum Vouchers from

Correct : B. Exception Reports

22. To print a voucher from Tally we need to press

Correct : C. Alt + P

23. We can see Working Capital figure changing

Correct : C. Balance Sheet configuration

24. Input Vat Ledger is created under which account?

Correct : A. Duties & Taxes

25. We can create multiple users in Tally activating

Correct : B. Use Security Control

26. “Allow components list details (Bill of Materials)” option is activated for

Correct : C. Stock Items

27. Retained Earnings is an alias of

Correct : B. Reserve and Surplus

28. We can repeat narration by pressing

Correct : C. Ctrl +

29. What is MRP?

Correct : B. Maximum Retail Price

30. We can use Stock Journal for

Correct : C. Both (a) and (b)

31. Discount Column is available in

Correct : C. Both (a) and (b)

32. We can get the report of Interest from

Correct : D. Statements of Accounts

33. We can cancel a voucher using

Correct : A. Alt + X

34. To see reports of Job Work Analysis

Correct : B. Display-Statement of a/cs-Job Work Analysis

35. for reconciliation of Bank press

Correct : C. F5

36. To create Scenario which option requires to be activated?

Correct : D. Use Rev journal & Optional voucher in F11

37. Optional Voucher is one type of

Correct : B. Unconventional Voucher

38. TDS deduction entry can be made through

Correct : B. Journal Voucher

39. To create Purchase Order press

Correct : A. Alt + F4

40. List of Optional Voucher we can get from

Correct : B. Exceptional Reports

41. Input Vat Credit on Capital goods should be defined under

Correct : C. Duties & Taxes

42. Single Entry mode is applicable for

Correct : D. All of these

43. Online voucher creation from Day Book report by pressing

Correct : C. Alt + A

44. Reversing journal is a

Correct : B. Unconventional Voucher

45. To hide the name of the Company you need to define

Correct : D. Tally Vault Password

46. To declare a voucher as Post Dated press

Correct : A. Ctrl + T

47. We can switch from Accounting Voucher to Inventory Voucher pressing

Correct : B. Alt +F1

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

Correct : C. Rejection Out

49. Branch / Division is a group defined under

Correct : A. Liabilities

50. To use Dr/Cr instead of To/By during Voucher entry or vice versa, Press

Correct : B. F12

51. ETCS means

Correct : B. Electronic Tax Collected at Source

52. What is TAN?

Correct : B. Tax Assessment Number

53. To get Payroll Reports choose

Correct : D. Gateway of Tally > Display > Payroll Reports

54. How can we see Vat Reports?

Correct : D. Gateway of Tally > Display> Statutory Reports

55. BOM represents

Correct : B. Bill of Materials

56. "Alias" represents

Correct : D. All of these

57. To change the date, shortcut used

Correct : C. F2

58. If we purchase any fixed asset in credit, we can pass it from

Correct : C. Journal mode

59. Transfer of materials from one godown to another godown, use

Correct : B. Stock Journal

60. Recording of actual stock as physically verified or counted is done through

Correct : C. Physical Stock

61. Service Tax Report can be seen from

Correct : D. Display > Statutory Reports

62. Payroll Auto fill is done through

Correct : B. Alt + A

63. What is the full form of TCS?

Correct : C. Tax Collected at Source

64. The shortcut used for Sales Order is

Correct : B. Alt+F5

65. Budget represents ……………………

Correct : D. All of these

66. Find out which is not a Default Ledger in Tally

Correct : D. None of these

67. The Profit & Loss statement can be displayed in ----------- ----- format(s).

Correct : C. A or B

68. Default ledger accounts in tally are ______

Correct : C. Cash and profit & loss

69. Default 'godown' name in tally is ____________

Correct : B. Main location

70. 'Tally vault' is a _________________

Correct : A. Security mechanism

71. To create a sales voucher in tally, you have to press _______

Correct : C. F8

72. A Group Company is ------------------------- given to the merged accounts of member companies of the group.

Correct : C. A and B

73. In tally you get currency symbol option from _______ menu

Correct : A. Company creation

74. ------------------ gives the balance for each day for the voucher type has been selected.

Correct : B. Daybook

75. For 'stock journal' entry we press ______________ in tally

Correct : B. Alt + F7

76. Which option lists inventory valuation method in tally?

Correct : D. Stock summary

77. How to activate the tally audit feature in a company?

Correct : B. During the creation of a company

78. What is the predefined number of groups in tally?

Correct : B. 28

79. Which of the following is used for voucher entry?

Correct : A. Ledger Account

80. Which of the following user type can view audit list?

Correct : D. Administrator

81. How can data be imported in tally ?

Correct : D. Both A and B

82. Which of the following file is usually used as a master file?

Correct : A. Inventory subsidiary

83. What is the advantage of a computer-based transaction processing system?

Correct : D. Will be more efficient at producing financial statements.

84. Which of the following can be budgeted in tally?

Correct : D. A and B

85. Which of the following shows daily balance for a selected voucher type?

Correct : A. Daybook

86. Which shortcut key(s) are used to enter a stock journal in tally?

Correct : C. Alt + F7

87. How many types of users are present in tally?

Correct : C. 3

88. Which shortcut key(s) are used to display list of inventory reports within balance sheet?

Correct : B. F9

89. Which of the following is the predefined stock category in tally?

Correct : A. Primary

90. Which file in tally is used to record the import activity ?

Correct : B. Tally.ini

91. Which of the following is compulsory to create while entry in Accounts with Inventory?

Correct : D. All of these

92. ‘Inventory books’ is used to view

Correct : C. Both A and B above

93. Trial balance is prepared on............ basis

Correct : D. Any of the above.

94. A............. serves the purpose of both journal and ledger accounts

Correct : C. Cash book

95. The rate of trade discount varies with the ----------- purchased

Correct : C. Quantity

96. A ‘credit note’ is sent by------------- to ----------------

Correct : A. Seller, buyer

97. A ‘Debit note’ is a statement sent to the ------------- by the ----------------

Correct : A. Seller, buyer

98. A trial balance is a---------

Correct : D. List

99. What type of application software is Tally?

Correct : C. Accounting Package

100. Tally package is developed by

Correct : A. Peutronics