Tally Prime MCQ

Soopro Pathshala provids Tally Prime MCQ(Multiple Choice Questions)

1. When returning the goods to the supplier it must be accompanied by___?

a) Invoice

b) Cash invoice

c) debit note

d) deposit letter

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2. To print a voucher from tally, we need to press

a) CTRL+P

b) SHIFT+P

c) ALT+P

d) CTRL+M

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3. Tally sheets are used to determine

a) Class limits

b) Frequency of each class

c) Number of classes

d) Continuous series

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4. Inventory books' is used to view

a) Stock Items

b) Group Summary

c) Both a and b

d) none of these

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5. Trial balance is prepared on ____basis

a) Monthly

b) Annually

c) Half yearly

d) Any of the above

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6. A trial balance is a ____

a) Ledger

b) Journal

c) Account

d) List

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7. ERP stands for

a) Enterprise resource planning

b) Economic resource planning

c) Efficient resource planning

d) Economic resource processing

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8. The home screen of tally is also known as

a) Menu bar

b) Gateway of tally

c) Accounts info

d) Button tool bar

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9. A 'credit note' is sent by __to___

a) Seller, buyer

b) Buyer, seller

c) Customer, seller

d) Creditor, seller

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10. Sales return are recorded in ____voucher

a) Sales voucher

b) Debit note

c) Receipt

d) Credit note

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11. Tally package is developed by?

a) Coral software

b) Vedika software

c) Tally solutions

d) None of the above

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12. In general, the financial year start from__

a) 31st march of any year

b) 1st jan of any year

c) 1st apr of any year

d) None of the mentioned

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13. Which menu appears after starting Tally for the first time?

a) Gateway of tally

b) Company info

c) Display

d) None of these

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14. Which option from company info menu is selected to create a new company in Tally?

a) Company create

b) Create company

c) Create

d) New company

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15. Which option is used in Tally to make changes in created company?

a) Select Company

b) Shut Company

c) Alter

d) None of these

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16. Which option is selected from company info menu to divide company data into two financial years?

a) Change tally vault

b) Split company data

c) Alter

d) New company

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17. Which option is used to place data taken in pen drive or CD to appropriate place in Tally?

a) Backup

b) Restore

c) Split company data

d) None of these

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18. Which option is used to copy company’s data into Pendrive or CD?

a) Backup

b) Restore

c) Split company data

d) Copy data

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19. Which option is used to open company created in Tally?

a) Create company

b) Alter

c) Select company

d) Shut company

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20. Which option is used in Tally to close opened company?

a) Create company

b) Alter

c) Select company

d) Shut company

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

a) Tally vault

b) Data entry

c) Administrator

d) Owner

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22. How can data be imported in tally?

a) One company to another company created within Tally package

b) Other programs – a spreadsheet or a database file

c) Depends on number of companies

d) Both a and b

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

a) Inventory subsidiary

b) Cash disbursements

c) Cash receipts

d) Payroll transactions

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

a) Does not require as stringent a set of internal controls

b) Will produce a more accurate set of financial statements

c) Eliminates the need to reconcile control accounts and subsidiary ledgers

d) Will be more efficient at producing financial statements

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

a) Nett transactions

b) Closing Balance

c) Both a and b

d) None of the above

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

a) Day book

b) Trial balance

c) Balance sheet

d) None of the above

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

a) 1

b) 2

c) 3

d) 4

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

a) Primary

b) Symbol

c) Stock

d) Main location

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

a) Tally.dat

b) Tally.ini

c) Tally.imp

d) None of the above

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30. Which of the following is compulsory to create white entry in accounts with inventory?

a) Stock groups

b) Stock items

c) Unit of measure

d) All of above

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31. Which option is used to move from one company to another when more than one companies are open?

a) Shut company

b) Company

c) Company info

d) Select company

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32. Which menu is used to create new ledgers, groups and voucher types in tally?

a) Reports

b) Import

c) Transactions

d) Masters

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33. 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

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34. Which submenu is used for voucher entry in Tally?

a) Vouchers

b) Accounting Vouchers

c) Accounts info

d) none of these

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35. Salary Account comes under which head

a) Indirect incomes

b) Indirect expenses

c) Direct incomes

d) Direct expenses

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36. How many groups are pre-defined in Tally

a) 28

b) 30

c) 15

d) 19

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37. How many primary groups are there in Tally?

a) 28

b) 19

c) 15

d) 20

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38. How many secondary groups are there in Tally?

a) 28

b) 3

c) 15

d) 13

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39. Which option is used to view list of Primary and Secondary groups in Tally?

a) List of accounts

b) Accounts

c) List

d) None of these

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40. Which ledger is created by Tally automatically as soon as we create a new company?

a) Cash

b) Profit & loss ac

c) Capital ac

d) A and B both

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41. Default ledger accounts in tally are_____.

a) Balance sheet, profit & loss and trial balance

b) Profit & loss and trial balance

c) Cash and profit & loss accounts

d) Cash and bank accounts

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42. Default ‘godown’ name in tally is ____

a) Primary

b) Main location

c) A or B

d) None of above

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43. Tally vault is a______

a) Security mechanism

b) Ledger ac

c) Cost category

d) None of the above

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44. A group company is _____ given to the merged accounts of member companies of the group.

a) A name

b) An identity

c) A and b

d) None of the above

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45. In tally you get currency symbol option from ____ menu

a) Company creation

b) Stock items units

c) Regional setting

d) None of the above

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46. ____ gives the balance for each day for the voucher type has been selected

a) Trial Balance

b) Day book

c) Balance sheet

d) None of the above

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47. Which option lists inventory valuation method in tally?

a) Stock report

b) Stock journal

c) Stock analysis

d) Stock summary

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

a) Press F11

b) During the creation of a company

c) In comp info > security control option

d) Press F12 key

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

a) 16

b) 28

c) 128

d) 228

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

a) Ledger Account

b) Groups

c) Sub Groups

d) Depends on number of companies

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51. Which option is used to make changes in created Groups of ledgers in tally?

a) Create

b) Display

c) Alter

d) Change

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52. How many voucher types are readily available in Tally?

a) 18

b) 16

c) 20

d) 28

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53. Which voucher type is used to transfer amount from one bank to another?

a) Control

b) Payment

c) Receipt

d) Post-Dated

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54. Rs. 20,000 withdrawn from state bank. In which voucher type this transaction will be recorded.?

a) Contra

b) Payment

c) Receipt

d) Post-Dated

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55. Where do we record transactions of salary, rent or interest paid?

a) Contra

b) Journal

c) Receipt

d) Payment

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56. Where do we interest received, commission received or rent received in Tally?

a) Contra

b) Journal

c) Receipt

d) Payment

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57. Where do we record cash sales in Tally?

a) Contra

b) Journal

c) Receipt

d) Payment

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58. Where do we record credit purchase of furniture in Tally?

a) Purchase

b) Journal

c) Receipt

d) Payment

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59. Where do we record purchase return, sales return, depreciation, bad debts etc. in Tally?

a) Purchase

b) Journal

c) Receipt

d) Payment

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60. Which of the following equation is true for balance sheet?

a) Assets = Liabilities + Capital

b) Liabilities =Assets + Capital

c) Capital = Assets +Liabilities

d) All of these

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61. eTCS means

a) Enable Tax collected at Source

b) Electronic Tax Collected at Source

c) Electric Tax Collected at Source

d) None of these

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62. eTCS means

a) Enable Tax collected at Source

b) Electronic Tax Collected at Source

c) Electric Tax Collected at Source

d) None of these

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63. To get Payroll Reports Choose

a) Gateway of Tally > Display

b) Gateway of Tally > Display > Statement of Accounts

c) Gateway of Tally > Display > Statement of Payroll

d) Gateway of Tally > Display > Payroll Reports

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64. BOM represents

a) Billing of Machines

b) Bill of Materials

c) Bill of Maintenance

d) None of these

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65. 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

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

a) Manufacturing Journal

b) Stock Journal

c) Purchase Journal

d) Both A & B

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

a) Journal

b) Stock Journal

c) Physical Stock

d) Sales

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68. Budget represents____

a) Estimation

b) Forcasting

c) Assumption

d) All of these

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69. Find out which is not a Default ledger in Tally.

a) Cash in hand

b) Capital Account

c) Profit & loss

d) None of these

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70. The Profit & Loss statement can be displayed in _____ format(s).

a) Horizontal

b) Vertical

c) A or B

d) None of the above

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71. How many options related to Company Features are there in F11: Features in Tally?

a) 3

b) 2

c) 4

d) 5

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72. Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.?

a) Lts

b) Nos

c) Kgs

d) Box

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73. Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.?

a) Gateway of Tally > Reports > Trial Balance

b) Gateway of Tally > Trial Balance

c) Gateway of Tally > Display > Trial Balance

d) None of these

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74. Which option is true for viewing Profit & Loss ac in Gateway of Tally?

a) Gateway of Tally > Reports > Profit & loss ac

b) Gateway of Tally > Display > Profit & Loss ac

c) Gateway of Tally > Account Books > Profit & loss ac

d) None of these

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75. By default, which mode is on in Purchase and Sales voucher.

a) Normal mode

b) Item invoice mode

c) Particulars mode

d) None of these

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76. 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

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77. Which of the following is not compulsory to create while entry in accounts with inventory?

a) Stock groups

b) Stock items

c) Stock categories

d) Units of measure

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78. Which reports are prepared monthly in Tally?

a) Profit & Loss Ac

b) Balance sheet

c) Trial balance

d) Cash flow of funds flow

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79. By which option Purchase or Sales register can be viewed?

a) Statutory Books

b) Inventory Books

c) Accounts Books

d) Display

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80. Which option is used to view Stock items or group summary?

a) Account Books

b) Inventory Books

c) Statutory Books

d) Display

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81. We can get the report of interest from?

a) Account Books

b) Cash and Fund flow

c) Inventory Books

d) Statements of Accounts

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82. To see reports of job work analysis

a) Display > Statements of accounts > job work analysis

b) Display > Job work in Reports > Job work analysis

c) Display > Statements of Accounts > Cost Centre > job work analysis

d) None of these

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83. 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 and optional voucher in F11

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84. Optional voucher is one type of

a) Conventional voucher

b) Unconventional voucher

c) Both a and b

d) None of these

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85. List of optional voucher we can get from

a) Cash bank books

b) Exceptional reports

c) Accounts books

d) Balance sheet

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86. Single entry mode is applicable for

a) Receipt voucher

b) Contra voucher

c) Payment voucher

d) All of the above

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87. Reversing journal is a

a) Conventional voucher

b) Unconventional voucher

c) Both a and b

d) None of these

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88. To hide the name of the company you need to define

a) Security control

b) Tally audit

c) Create atleast one user

d) Tally vault password

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89. Goods returning to a Creator after challan but before bill we need to pass

a) Debit note

b) Receipt note

c) Rejection in

d) Rejection out

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90. Branch / division is a group defined under

a) Liabilities

b) Assets

c) Income

d) Expenditure

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

a) 2

b) 3

c) 5

d) Unlimited

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

a) Maintain Cost Centre

b) Use Cost Centre for Job Costing

c) Both a and b

d) none of these

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93. In Tally, there are_____ predefined ledgers

a) One

b) Two

c) Three

d) Four

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94. We can see list of Memorandum Vouchers from

a) Cash Bank Books

b) Exception Reports

c) Account Books

d) Trial Balance

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95. We can see working Capital figure changing

a) Voucher configuration

b) Profit & Loss configuration

c) Balance Sheet configuration

d) Ledger configuration

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96. We can create multiple users in Tally activating

a) Tally Audit

b) Use security control

c) Both a and b

d) none of these

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97. Allow components list details option is activated for

a) Ledgers

b) Cost category

c) Stock items

d) Budgets

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98. Retained Earnings is an alias of

a) Indirect income

b) Reserve and surplus

c) Capital account

d) Investments

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99. Retained Earnings is an alias of

a) Indirect income

b) Reserve and surplus

c) Capital account

d) Investments

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100. Discount column is available in

a) Sales Invoice

b) Purchase Invoice

c) Both a and b

d) Investments

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101. To activate job costing which options require to be activated

a) Maintain cost centre

b) Use cost centre for job costing

c) Both a and b

d) None of these

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102. We can get the report of interest from

a) Account books

b) Cash and fund flow

c) Inventory books

d) Statements of accounts

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103. To see reports of job work Analysis

a) Display > statements of accounts > job work analysis

b) Display > job work in reports > job work analysis

c) Display > statements of accounts > cost centre > job work analysis

d) None of these

View Answer

104. 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

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105. Optional voucher in one type of

a) Conventional voucher

b) Unconventional voucher

c) Both a and b

d) None of these

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106. List of optional voucher we can get from

a) Cash bank books exceptional reports

b) Exceptional reports

c) Accounts books

d) Balance sheet

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107. Single Entry mode is applicable for

a) Receipt voucher

b) Contra voucher

c) Payment voucher

d) All of these

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108. 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

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109. To hide the name of the company you need to defineGoods 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

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110. Branch or division is a group defined under

a) Liabilities

b) Assets

c) Income

d) Expenditure

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111. Tally is primarily used for___

a) Graphic Designing

b) Accounting

c) Video Editing

d) Software Development

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112. Which of the following is the latest version of Tally?

a) Tally 7.2

b) Tally 9

c) Tally ERP 9

d) Tally Prime

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113. What is the shortcut key to create a company in Tally?

a) F1

b) F2

c) Alt+F3

d) Ctrl+N

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114. In Tally, Which shortcut key is used to quit the application?

a) Ctrl+Q

b) Esc

c) Ctrl+X

d) Alt+F4

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115. Which feature in Tally is used to record financial trancations?

a) Ledger

b) Voucher

c) Inventory

d) Payroll

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116. What is the primary function of a Ledger in Tally?

a) Score inventory details

b) Record financial transactions

c) Print invoices

d) Backup data

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117. The shortcut key to open the Gateway of Tally is ___

a) Ctrl+G

b) F11

c) Alt+G

d) Alt+F1

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118. In Tally, a group contains___

a) Only ledgers

b) Only stock items

c) Only vouchers

d) All of the above

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119. Which account group does "Sales Accont" belong to in Tally?

a) Direct Expenses

b) Direct Incomes

c) Current Liabilities

d) Indirect Expenses

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120. Which of the following is not a voucher type in Tally?

a) Payment

b) Receipt

c) Graphics

d) Contra

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