Basics of Tally MCQ Questions with Answers

Question. Which option is used to split the Company Data Menu into two financial years?
A. Change Tally Vault 
B. Alter 
C. Split Company Data
D. New Company 

Answer : C. Split Company Data

Question. Where do we record credit purchase of furniture in Tally?
A. Purchase
B. Payment
C. Receipt
D. Journal 

Answer : A. Purchase

Question. Which option is used to copy company‟s data into Pendrive or CD?
A. Backup 
B. Restore 
C. Split Company Data 
D. Copy Data 

Answer : A. Backup

Question. How many types of users are present in tally?
A. 1
B. 2
C. 3
D. 4.

Answer :  C. 3.

Question. How many options are there in Company features of Tally?
A. 3
B. 2
C. 4
D. 5.

Answer : A. 3.

Question. How many inbuilt Accounts group are in tally by default?
A. 25
B. 31
C. 32
D. 34

Answer : B. 31.

Question. Where do you enter the record of receiving interest in Tally?
A. Purchase
B. Payment 
C. Receipt 
D. Journal 

Answer : D. Journal 

Question. How many of the following Reserve group accounts are there in Tally?
A. 28
B. 30
C. 18
D. 15

Answer : A. 28.

Question. Debit note is used for entering .
A. Purchases 
B. Sales 
C. Purchase return 
D. Sales return 

Answer : C. Purchase return 

Question. How many voucher types are readily available in Tally?
A. 18
B. 16
C. 20
D. 28

Answer : A. 18.

Question. How many groups are pre-defined in Tally?
A. 28
B. 30
C.15
D. 19

Answer : A. 28.

Question. How to delete company in Tally ?
A. Display
B. Alter
C. Delete 
D. Create 

Answer : B. Alter

Question. Which option is used to exit Tally?
A. Exit
B. Close
C. Quit
D. Shut Company

Answer : C. Quit.

Question. Changes in accounts are possible only in .
A. Display mode
B. Alteration mode
C. Single mode
D. Multiple mode

Answer : B. Alteration mode.

Question. Salary comes under under group
A. Direct expense 
B. Current liability
C. Indirect expense 
D. Current asset 

Answer : C. Indirect expense

Question. How many type of companies can be created in Tally?
A. 2
B. 3
C. 4
D. 5

Answer :A. 2

Question. Which ledger is created by Tally automatically as soon as we create a new company?
A. Cash
B. Profit & Loss A/c 
C. Capital A/c 
D. A and B both / A

Answer : D. A and B both 

Question. Which of the following equation is true for the balance sheet
A. Assets = Liabilities + Capital
B. Liabilities = Assets + Capital 
C. Capital = Assets + Liabilities
D. All of these 

Answer : D. All of these 

Question. Tally ERP 9 supports about languages.
A. 10
B. 11
C. 12
D. 13

Answer : D. 13

Question. Which menu is selected to create a new company in Tally?
A. Company Create 
B. Create
C. Select Company
D. New Company 

Answer : A. Company Create

Question. Which option is used to open a company created in Tally?
A. Create Company
B. Alter 
C. Select Company
D. shut Company 

Answer : C. Select Company

Question. How many secondary groups are there in Tally?
A.15
B. 13
C. 28
D. 3

Answer : B. 13.

Question. Which option is used in tally to make changes in the created company?
A. Select Company
B. Shut Company 
C. Alter 
D. None of these 

Answer : C. Alter

Question. Which option is used to move from one company to another when more than one company is open?
A. Company info
B. Shut Company 
C. Select Company
D. Company

Answer : C. Select Company

Question. How many primary groups are there in Tally?
A. 19
B. 28
C. 15
D. 20

Answer : C. 15.

Question. Which of the following vouchers are used to make entries that do not involve cash or bank transactions?
A. Contra voucher 
B. Journal
C. Sales 
D. Purchase

Answer : B. Journal 

Question. Which option is used to close an open company in Tally?
A. Alter 
B. Shut Company 
C. Create Company 
D. Select Company

Answer : B. Shut Company 

Question. Manufacturing Journal creates based on
A. Journal 
B. Receipt Note
C. Stock Journal 
D. Purchase Quotation

Answer : C. Stock Journal

Question. Which submenu is used to create new ledgers, groups and voucher types in Tally?
A. Account Info 
B. Inventory Info 
C. Accounting Vouchers
D. Inventory Vouchers 

Answer : A. Account Info

Question. Account Groups, Ledgers, Budget and scenario are available under in Tally.
A. Accounts Info
B. Inventory Info
C. Payroll Info 
D. None of these 

Answer : A. Accounts Info 

Question. Which voucher is used to transfer money from one bank to another?
A. Contra
B. Payment 
C. Receipt 
D. Post-Dated

Answer : A. Contra 

Question. Where to enter salary, rent or interest payment in tally
A. Contra
B. Journal
C. Receipt
D. Payment

Answer : D. Payment 

Question. What is a collection of lasers of the same nature called?
A. Vouchers 
B. Assets 
C. Group 
D. None of these

Answer : C. Group

Question. In Tally, there are _ predefined ledgers?
A. One
B. Three 
c. Two 
D. Four

Answer : C. Two

Question. In which voucher type credit sales is recorded in Tally?
A. F5:Payment
B. F6:Receipt
C. F7:Journal
D. F8:Sales

Answer : D. F8:Sales.

Question. Which option is used to view the list of primary and secondary groups in Tally?
A. List of Accounts
B. List 
C. Accounts 
D. None of these

Answer : A. List of Accounts

Question. Where do we record the interest, commission or rent received in Tally?
A. Contra 
B. Journal 
C. Receipt 
D. Payment 

Answer : C. Receipt

Question. Credit note is sent from to ?
A. Seller Buyer
B. buyer, seller 
C. Customer, Seller 
D. Creditor, Seller 

Answer : A. Seller Buyer 

Question. The voucher type for recording goods received .
A. Rejection in 
B. Receipt note 
C. Purchase order
D. Stock voucher

Answer : B. Receipt note 

Question. Which of the following vouchers is used to record the purchase of goods?
A. Receipt
B. Receipt note 
C. Purchase 
D. Purchase order 

Answer : C. Purchase 

Question. Credit note is used for entering .
A. Purchases 
B. Sales 
C. Purchase return 
D. Sales return 

Answer : D. Sales return

Question. Sales returns are recorded in vouchers?
A. Sales Voucher 
B. Debit note 
C. Receipt 
D. Credit note 

Answer : D. Credit note 

Question. If we purchase any fixed asset in credit, we can pass it from.
A. Payment mode 
B. Receipt mode 
C. Purchase mode
D. Contra mode

Answer : C. Purchase mode

Question. To transfer from main cash to petty cash you need to pass म
A. Voucher 
B. Payment
C. Contra
D. Receipt 

Answer : C. Contra

Question. Where do we record cash sales in Tally?
A. Contra
B. Sales 
C. Payment
D. Journal 

Answer : B. Sales

Question. Rs 20,000 withdrawn from State Bank, which voucher will be used for this transaction?
A. Payment 
B. Receipt
C. Contra 
D. Post-Dated

Answer : C. Contra

Question. For entries involving both cash and bank transactions we use voucher.
A. Contra voucher 
B. Journal 
C. Sales
D. Purchase 

Answer : A. Contra voucher 

Question. In which voucher is the entry made for the difference between actual stock and physical stock?
A. Journal
B. Stock Journal
C. Physical Stock 
D. Sales 

Answer : C. Physical Stock 

Question. Which journal is used to transfer material from one warehouse to another?
A. Manufacturing Journal 
B. Stock Journal 
C. Purchase Journal 
D. Both A and B

Answer : B. Stock Journal 

Question. Can we see the list of Memorandum Vouchers?
A. Cash Bank Books 
B. Exceptional Reports
C. Accounts Books 
D. Balance Sheet

Answer : B. Exceptional Reports 

Question. Which sequence of option is used to view the trial balance on the screen?
A. Gateway of Tally → Accounts Info → Trial Balance
B. Gateway of Tally → Display → Trial Balance
C. Gateway of Tally →Trial balance
D. Gateway of Tally → Display → Account Book → Trial balance

Answer : B. Gateway of Tally → Display → Trial Balance.

Question. Multiple Godowns are activated from .
A. F11
B. F11>F1
C. F11> F2
D. F11> F3

Answer : C. F11> F2.

Question. A trial balance is a .
A. Ledger 
B. List
C. Account 
D. Journal 
Answer : B.

Question.By which option we can save the company in Tally?
A. Tally Audit
B. Use Security Control 
C. Both A. and B. 
D. None of these 

Answer : B. Use Security Control 

Question. F2 is used for which of the following? 
A. Changing current date 
B. Changing current period 
C. Change the voucher 
D. Select payment voucher

Answer : A. Changing current date

Question. 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

Answer : C. Gateway of Tally > Display > Account Books > Purchase Register.

Question. 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 

Answer : D. Tally Vault Password

Question. By which option Purchase or Sales register can be viewed?
A. Statutory Books 
B. Inventory Books 
C. Accounts Books
D. Display 

Answer : C. Accounts Books 

Question. Stock maintained for production purpose is called .
A. Ledger
B. Inventory 
C. Trial balance
D. Payroll

Answer : B. Inventory 

Question. Where can we get the list of Optional Vouchers? Optional Voucher 
A. Cash Bank Books
B. Exceptional Reports
C. Accounts Books 
D. Balance Sheet

Answer : B. Exceptional Reports 

Question. What is the process of ascertaining the balance of a particular account on a given date called?
A. Posting
B. Journalizing
C. Balancing
D. Accounting 

Answer : C. Balancing

Question. Which is the ledger grouping for bills receivable in Tally ERP9?
A. Direct expenses
B. Current asset 
C. Fixed asset 
D. Indirect expenses 

Answer : B. Current asset

Question. Optional Voucher is a type of?
A. Conventional Voucher
B. Unconventional Voucher 
C. Both A and B 
D. None of these 

Answer : B. Unconventional Voucher 

Question. The button helps to connect data from a spread sheet or other application.
A. E-mail
B. Help
C. Export 
D. Browser

Answer : C. Export 

Question. 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 

Answer : C. Both A. and B. 

Question. Where do we record all type of adjustment entry in Tally?
A. F5:Payment
B. F6:Receipt
C. F7:Journal
D. F4:Contra

Answer : C. F7:Journal.

Question. appears on the left hand side of the tally screen?
A. Current date
B. Last entered voucher 
C. Gateway of tally 
D. List of selected companies 

Answer : D. List of selected companies 

Question. Which report is generated every month in Tally?
A. Profit & Loss A/c 
B. Balance Sheet
C. Trial Balance 
D. Cash Flow and Funds Flow 

Answer : C. Trial Balance

Question. Where does the transaction are entered, before taken to the appropriate ledger account?
A. Receipts 
B. Journals 
C. Balance sheet 
D. Vouchers

Answer : B. Journals

Question. In tally you get currency symbol option from menu.
A. Company Creation 
B. Stock items units 
C. Regional setting 
D. None of the above 

Answer : A. Company Creation

Question. Which of the following is selected to activate the cost center and cost category features?
A. Configuration
B. F11 features 
C. Group creation 
D. Voucher creation 

Answer : B. F11 features

Question. What type of voucher is Reversing Journal?
A. Conventional Voucher 
B. Unconventional Voucher 
C. Both A and B
D. None of these

Answer : B. Unconventional Voucher

Question. F10 is the shortcut key for Voucher?
A. Payment 
B. Memo 
C. Receipt 
D. Purchase 

Answer : B. Memo

Question. In taxation, FBT stands for .
A. Fast Benefit Tax 
B. Frame Benefit Tax
C. Fringe Benefit Tax
D. Fringe Benefit Tariff

Answer : C. Fringe Benefit Tax 

Question. Tally supports system of accounting.
A. No entry 
B. Double entry
C. Single entry
D. Null entry 

Answer : B. Double entry

Question. Payroll Auto fill is done through .
A. Ctrl + A
B. Alt + A
C. Ctrl + B
D. Alt + B

Answer : B. Alt + A.

Question. Which of the following is the report used to view the entries for each day? 
A. Trial Balance 
B. Day book 
C. Balance Sheet 
D. None of these 

Answer : B. Day book 

Question. Trial balance is prepared on basis.
A. Monthly 
B. Annually
C. Half yearly
D. Any of the above

Answer : D. Any of the above

Question. We can create multiple users in Tally activating .
A. Tally Audit 
B. Use Security Control 
C. Both A. and B. 
D. None of these 

Answer : B. Use Security Control 

Question. Home Screen of Tally is also known as ?
A. Menu bar
B. Gateway of tally
C. Accounts info 
D. Button tool bar

Answer : B. Gateway of tally

Question. A ledger may get declaration space for its Alias through .
A. F12
B. F11
C. Alt + F1
D. Alt + F2

Answer : A. F12.

Question. 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 Company 
C. It will not show the Company Name in the Company Select List
D. None of these

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

Question. What is meant by current date in Tally?
A. Last worked date
B. Last voucher date 
C. Calendar date 
D. System date

Answer : A. Last worked date

Question. Entering each transaction in debit and credit columns is called entry system of accounting.
A. Single 
B. Double 
C. Triple
D. Quadruple

Answer : B. Double

Question. Vouchers can be displayed in .
A. Accounts info
B. Day book 
C. Inventory info 
D. Ledger

Answer : B. Day book

Question. F12 button is used to select option.
A. Select company
B. More features 
C. Inventory
D. Configuration 

Answer : D. Configuration

Question. Creating a hypothetical situation for a company is called .
A. Budgeting 
B. Voucher entry 
C. Inventory 
D. Scenario

Answer : D. Scenario

Question. Progress of expenses against budget allocation may be compared to the trial balance of original company using menu in Trial Balance.
A. Budget (Alt +B)
B. Column (Alt +C)
C. Alt +F6
D. Ctrl+F7

Answer : A. Budget (Alt +B).

Question. The tax collected by the employer towards income of an employee is called
A. Value Added Tax (VAT) 
B. Fringe Benefit Tax (FBT) 
C. Tax Collected at Source (TCS) 
D. Tax Deducted at Source (TDS)

Answer : D. Tax Deducted at Source (TDS)

Question. F12 is known as which of the following? 
A. Company Features 
B. Company Configuration 
C. Accounting Features 
D. None of these 

Answer : B. Company Configuration