Computerized Accounting Software Tally MCQ Questions with Answers

Question. A ledger may get declaration space for its Alias through
(a) F12
(b) F11
(c) Alt + F1
(d) Alt + F2

Answer : A

Question. We can switch from Accounting Voucher to Inventory Voucher pressing
(a) F2
(b) Alt +F1
(c) Ctrl + F1
(d) F11

Answer : B

Question. MRP formula for inclusive of vat is
(a) {Vat %*( MRP * QTY)}/100
(b) (100*rate of vat)/(100+rateof vat)
(c) Both a & b
(d) None of these

Answer : C

Question. Manufacturing Journal creates based on
(a) Journal
(b) Receipt Note
(c) Stock Journal
(d) Purchase Quotation

Answer : C

Question. Goods returning to a Creditor after challan but before bill we need to pass
(a) Debit Note
(b) Receipt Note
(c) Rejection Out
(d) Rejection In

Answer : C

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

Question. 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

Answer : A

Question. Suspense Account Group is defined under
(a) Income
(b) Expenditure
(c) Liabilities
(d) Assets

Answer : C

Question. We can cancel a voucher using
(a) Alt + X
(b) Ctrl + X
(c) Shift + X
(d) Ctrl + Shift + X

Answer : A

Question. To create Manufacturing Journal which option must be activated
(a) Use Common Narration
(b) Narrations for each entry
(c) Prefilled with Zero
(d) Use as manufacturing Journal

Answer : D

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

Question. How many types of Measurement Units we can create in Tally?
(a) 2
(b) 3
(c) 5
(d) Unlimited

Answer : A

Question. To print a voucher from Tally we need to press
(a) Ctrl + P
(b) Shift + P
(c) Alt + P
(d) Ctrl + Alt + P

Answer : C

Question. We can see Working Capital figure changing
(a) Voucher configuration
(b) Profit & Loss configuration
(c) Balance Sheet configuration
(d) Ledger configuration

Answer : C

Question. To create Scenario which option requires to be activated?
(a) Use Rev Journal & Optional voucher in F12
(b) Use Optional voucher in F11
(c) Use Reversing voucher in F11
(d) Use Rev journal & Optional voucher in F11

Answer : D

Question. 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

Answer : B

Question. The shortcut key to quit from Tally is
(a) Ctrl + L
(b) Ctrl + P
(c) Ctrl + M
(d) Ctrl+Q

Answer : D

Question. Optional Voucher is one type of
(a) Conventional Voucher
(b) Unconventional Voucher
(c) Both (a) & (b)
(d) None of these

Answer : B

Question. Input Vat Ledger is created under which account?
(a) Duties & Taxes
(b) Sales
(c) Sales Return
(d) None of these

Answer : A

Question. F12 is known as
(a) Company Features
(b) Company Configuration
(c) Accounting Features
(d) None of these

Answer : B

Question. To declare a voucher as Post Dated press
(a) Ctrl + T
(b) Alt + T
(c) Ctrl + P
(d) Ctrl + D

Answer : A

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

Question. List of Optional Voucher we can get from
(a) Cash Bank Books
(b) Exceptional Reports
(c) Accounts Books
(d) Balance Sheet

Answer : B

Question. Party account can be created through
(a) Group creation window
(b) Ledger creation window
(c) Inventory creation window
(d) Any one of them

Answer : B

Question. How many inbuilt Accounts group are in tally by default?
(a) 29
(b) 31
(c) 25
(d) 34

Answer : B

Question. Discount Column is available in
(a) Sales Invoice
(b) Purchase Invoice
(c) Both (a) and (b)
(d) None of these

Answer : C

Question. We can see list of Memorandum Vouchers from
(a) Cash/Bank Books
(b) Exception Reports
(c) Accounts Books
(d) Trail Balance

Answer : B

Question. for reconciliation of Bank press
(a) F12
(b) F10
(c) F5
(d) F6

Answer : C

Question. To activate MRP feature from Gateway of Tally initially we need to press
(a) F11
(b) F12
(c) F10
(d) Alt + F1

Answer : B

Question. To see reports of Job Work Analysis
(a) Display-Statement of a/cs
(b) Display-Statement of a/cs-Job Work Analysis
(c) Display-Statement of a/cs-Cost Centre-Job work
(d) None of these

Answer : B

Question. To use Dr/Cr instead of To/By during Voucher entry or vice versa, Press
(a) F10
(b) F12
(c) F11
(d) None of these

Answer : B

Question. What is MRP?
(a) Market Price
(b) Maximum Retail Price
(c) Marginal Price
(d) Minimum Retail Price

Answer : B

Question. in general the financial year from shall be from
(a) 1st April of any year
(b) 31st March of any year
(c) All of them are true
(d) None of these

Answer : A

Question. Retained Earnings is an alias of
(a) Indirect Income
(b) Reserve and Surplus
(c) Capital Account
(d) Investments

Answer : B

Question. Input Vat Credit on Capital goods should be defined under
(a) Capital Account
(b) Current Liabilities
(c) Duties & Taxes
(d) Mis(c) Expenses (Assets)

Answer : C

Question. “Allow components list details (Bill of Materials)” option is activated for
(a) Ledgers
(b) Cost Category
(c) Stock Items
(d) Budgets

Answer : C

Question. To change Current Date from Gateway of Tally press the key
(a) F1
(b) F5
(c) F2
(d) F9

Answer : C

Question. Single Entry mode is applicable for
(a) Receipt Voucher
(b) Contra Voucher
(c) Payment Voucher
(d) All of these

Answer : D

Question. We can get the report of Interest from
(a) Account Books
(b) Cash and Fund flow
(c) Inventory Books
(d) Statements of Accounts

Answer : D

Question. Online voucher creation from Day Book report by pressing
(a) Ctrl + A
(b) Shift + A
(c) Alt + A
(d) None of these

Answer : C

Question. The shortcut used to activate calculator is
(a) Ctrl + N
(b) Ctrl + M
(c) Ctrl + A
(d) Ctrl + B

Answer : A

Question. Reversing journal is a
(a) Conventional Voucher
(b) Unconventional Voucher
(c) Both (a) and (b)
(d) None of these

Answer : B

Question. 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

Answer : C

Question. Branch / Division is a group defined under
(a) Liabilities
(b) Assets
(c) Income
(d) Expenditure

Answer : A

Question. We can repeat narration by pressing
(a) Shift + R
(b) Alt + R
(c) Ctrl +
(d) Alt + Shift + R

Answer : C

Question. Multiple Godowns are activated from
(a) F11
(b) F11 > F1
(c) F11 > F2
(d) F11 > F3

Answer : C

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

Question. TDS deduction entry can be made through
(a) Payment Voucher
(b) Journal Voucher
(c) Receipt Voucher
(d) All of these

Answer : B

Question. In Tally, there are _________ predefined ledgers
(a) One
(b) Three
(c) Two
(d) Four

Answer : C

Question. To create Purchase Order press
(a) Alt + F4
(b) Ctrl + F4
(c) F4
(d) None of these

Answer : A