1.

Tally package is developed by

a) Microsoft b) Adobe Software
c) Apple Software d) Tally Solutions
2. What is MRP?

a) Minimum Retail Price b) Maximum Retail Price

c) Marginal Price d) Market Price
3. We can create multiple users in Tally activating
a) Maintain VAT b) Tally Audit
c) Use Security Control d) Both a and b
4. Which menu appears after starting tally for the first time
a) Gateway of tally b) Company info.
c) Display d) None of these
5. What is the slogan of tally
a) Power of simplicity b) Power of solution
c) Power of service d) Power of Knowledge
6. In which voucher type credit purchase entry is posted in Tally?
a) F5:Payment b) F6:Receipt
c) F7:Journal d) F9:Purchase
7. We can change the Company Information from
a) Company Info > Back up b) Company Info > Alter
c) Company Info > Split Company Data d) None of these
8. Which shortcut key is used to view configure in Tally?
a) Alt+F9 b) F10
c) F11 d) F12
9. We can Modify an existing Company from
a) Company Info > Alter b) Company Info > Alter Company
c) Gateway of Tally > Modify Company d) None of these
10. A ledger may get declaration space for its Alias through
a) F12 b) F11
c) Alt + F1 d) Alt + F2
11. What is the utility of Tally Vault Password?
a) It will lock the period of Company b) It will lock all voucher entries for that Compa
ny
c) It will not show the Company Name in the Company Select L d) None of these
ist.

12. We can show Bill wise details of Debtors and Creditors by activating
a) Bill by bill b) Maintain Bill wise Details
c) Maintain References d) None of these
13. The shortcut key to quit from Tally is
a) Ctrl + L b) Ctrl + P
c) Ctrl + M d) Ctrl+Q
14. How many inbuilt Accounts group are in tally by default?
a) 29 b) 31
c) 25 d) 34
15. Which shortcut key is used to export data of any company in Microsoft Excel
spreadsheet or in any other company?
a) Alt+P b) Alt+S
c) Alt+O d) Alt+E
16. To print a voucher from Tally we need to press
a) Ctrl + P b) Shift + P
c) Alt + P d) Ctrl + Alt + P
17. MRP formula for inclusive of vat is
a) {vat%*(MRP * QTY)}/100 b) (100*rate of vat)/ (100+rate of vat)
c) Both a & b d) None of these
18. Manufacturing Journal creates based on
a) Journal b) Receipt Note
c) Stock Journal d) Purchase Quotation
19. There are _________ predefined ledgers
a) One b) Three
c) Two d) Four
20. _____ is the shortcut to sales order from Payroll Vouchers in Tally.
a) Ctrl+F4 b) Ctrl+F45
c) Alt+F4 d) Alt+F5
21. _____ is the shortcut to select a company in Tally.
a) Alt+F1 b) Alt+F2
c) Alt+F3 d) F1
22. Multiple godowns are activated from
a) F11 > F1 b) F11 > F2
c) F11 > F3 d) F11
23. To remove a line at all reports screen, shortcut is
a) Alt + R b) Alt + S
c) Alt + 1 d) Alt + T
24. Transfer of materials from one godown to another godown, use
a) Stock Journal b) Manufacturing Journal
c) Purchase Journal d) Both a and b
25. We can cancel a voucher using
a) Alt + X b) Ctrl + Shift + X
c) Ctrl + X d) Shift + X
26. Voucher Class for Interest calculation created based on
a) Debit and Credit Note b) Journal Voucher
c) Receipt and payment Voucher d) Both a and b
27. The shortcut used to activate calculator is
a) Ctrl + A b) Ctrl + B
c) Ctrl + M d) Ctrl + N
28. Single Entry mode is applicable for
a) Payment Voucher b) Contra Voucher
c) Receipt Voucher d) All of these
29. We can create multiple users in Tally activating
a) Tally Audit b) Use Security Control
c) Both a and b d) All of these
30. Company Restore option is available in
a) Company Features b) Company Information
c) Configuration d) None of these
31. We can show Bill wise details of Debtors and Creditors by activating
a) Bill by bill b) Maintain Bill wise Details
c) Maintain References d) None of these
1. Branch / Division is a group defined under
a) Liabilities b) Assets
c) Income d) Expenditure
2. Goods returning to creditor after challan but before bill we need to pass
a) Receipt Note b) Debit Note
c) Rejection in d) Rejection out
3. To hide the name of the company you need to define
a) Security Control b) Tally Audit
c) Create at least one user d) Tally vault Password
4. Reversing Journal is a
a) Conventional Voucher b) Unconventional Voucher
c) Both (a) and (b) d) None of these
5. Single Entry mode is applicable for
a) Receipt voucher b) Contra Voucher
c) Payment Voucher d) All of these
6. We can get the report of interest from
a) Account Books b) Cash and Fund flow
c) Inventory Books d) Statement of Accounts
7. Optional voucher is one type of
a) Conventional voucher b) Unconventional Voucher
c) Both (a) and (b) d) None of these
8. List of Optional voucher we can get from
a) Cash Bank Books b) Exceptional Reports
c) Account Books d) Balance Sheet
9. We can create multiple users in Tally activating
a) Tally Audit b) Use Security Control
c) Both (a) and (b) d) None of these
10. Allow components list details (Bill of Materials)’ option is activated for
a) Ledgers b) Cost Category
c) Stock items d) Budgets
11. Retained Earnings is an alias of
a) Indirect Income b) Reserve and Surplus
c) Capital Account d) Investments
12. We can use stock Journal for
a) Production and Consumption b) Inter Godown transfer for stock
c) Both (a) and (b) d) None of these
13. Discount Column is available
a) Sales invoice b) Purchase invoice
c) Both (a) and (b) d) None of these
14. Integrated accounts with inventory is available in
a) F12 Configuration b) F11 features
c) Inventory Info d) Account’s info
15. Collection of ledgers of same nature is called
a) Vouchers b) Assets
c) Group d) None of these
16. The options ‘use common narration and ‘narration each entry’ appear
a) Account Creation screen b) Voucher entry Screen
c) F11 Accounting Features d) Voucher type creation screen
17. Predefined group are also called as
a) Main group b) Primary Group
c) Statutory Group d) Parent group
18. Employee salary details are shown in
a) Attendance sheet b) Gratuity Papers
 c) Exact reports d) Payroll
19. Professional usually maintain accounts as
a) Accounts with inventory b) Accounts only
c) Normal accounting d) Payroll accounting
20. A company can be deleted only in
a) Display b) Alter
c) Delete d) Create
21. TDS is applied on which of the following incomes?
a) Professional Fee b) Commission of lottery ticket
c) Salary Income d) All of these
22. All expenses and losses always having _________?
a) Credit balance b) Debit balance
c) Balance entered in voucher d) Exact difference balance
23. In Tally, Memorandum Voucher is used to
a) For entries regarding bank overdraft b) Remind entry which may have
effect in future
c) Enter entry having multiple account d) None of these
effect
24. In Tally, which voucher type is used to transfer amount from one bank to another?
a) Payment b) Receipt
c) Journal d) Contra
25. In Tally, Manufacturing expenses comes under in which group?
a) Direct Expenses b) Indirect Expenses
c) Misc Expenses d) None of the above
26. Which shortcut key is used to export data of any company in Microsoft Excel
spreadsheet, SDF, HTML OR XML format?
a) Alt+O b) Alt+S
c) Alt+E d) Alt+P
27. Online voucher creation from Day Book report by pressing
a) Alt + A b) Shift + A
c) Shift + B d) Ctrl + A
28. Income Tax number of the company will appear in which report?
a) Profit and Loss Account b) Payment voucher
c) Reminder Letter d) Cash/Bank Book
29. Function key for selecting payment voucher is
a) F5 b) F6
c) F9 d) F11
30. For selecting credit note voucher we have to use _______ key.
a) Ctrl+F9 b) Ctrl+F8
c) Alt+F7 d) Alt+F8

31. Function key to select sales voucher is

a) F8 b) F9
c) F4 d) F3
32. The Profit & Loss statement can be displayed in ..... format(s).
a) Horizontal b) Vertical
c) Both A and B d) None of the above
 33. How many types of Measurement Units we can create in Tally?
a) 2 b) 3
c) 5 d) unlimited
34. To activate Job Costing which options require to be activated
a) Maintain cost centre b) Use cost centre for Job costing
c) Both a & b d) None of these
35. ..... is the expense which is unpaid at the end of the accounting period
a) Outstanding Expenses b) Prepaid Expense
c) Proposed Expenses d) Working Capital
36. ..... is the book of original entry
a) Journal b) Voucher
c) Invoices d) Ledger
37. Which key is used to post entry in Debit Note in tally?
a) F7 b) F8
c) Ctrl+F9 d) Ctrl+F8
38. Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.
a) Lts b) Nos
c) Kgs d) Box
39. We can repeat narration by pressing
a) Shift+R b) Alt+R
c) Ctrl+R d) Alt+Shift+R
40. By which option Purchase or Sales register can be viewed
a) Statutory Books b) Inventory Books
c) Accounts Books d) Display
41. Which of the following is not a disadvantage of introducing computerized accounting
system?
a) Possible demotivation through b) High expenditure on set up
reundance
c) Savings made on labour cost d) Required staff training
42. .... Allow components list details (Bill of Materials)? option is activated for
a) Ledgers b) Cost category
c) Stock items d) Budgets
43. Which of the following is the example of external users of accounting information?
a) Government b) Owners
c) Management d) Employee
44. Assets acquired for long term use in the business are called .....
a) Fixed Assets b) Current Assets
c) Fictitious Assets d) Liquid Assets
45. Trial balance is prepared on ..... basis
a) Monthly b) Annually
c) Half Yearly d) Any of the above

46. Transfer from main cash to petty cash you require to pass.....
a) Voucher b) Payment
c) Contra d) Receipt
47. The option?statutory compliance for? is appearing in
a) Company creation screen b) Vat classification screen
 c) F11 accounting features d) Accounting creation screen
48. Salary comes under ..... Head
a) Direct Expenses b) Current Liability
c) Indirect Expenses d) Current Asset
49. The rate of trade discount varies with the ..... purchased
a) Total Asset b) Current Asset
c) Quantity d) None of these
50. How many voucher types area readily available in Tally?
a) 18 b) 16
c) 20 d) 28