“Alias†represents
1.Code name
2. Nick name
3. Short name
4.All of these
“Allow components list details (Bill Materials)†option is activated for
1.Budgets
2.Stock Items
3.Ledgers
4.Cost Category
“Allow components list details (Bill of Materials)†option is activated for
1. Stock Items
2.Ledgers
3.Cost Category
4.Budgets
Bad loans in banking terminology are generally known as
1.CBS
2.NPAs
3.Prime Asset
4.BPOs
Data Folder of a Company consists of
1.3 digits
2.4 digits
3. 5 digits
4. 6 digits
Double Entry System was introduced in
1.Italy
2.India
3.Japan
4.America
For Export of Data from Company to Company Tally uses
1.XML Format
2.ASCII Format
3.SDF Format
4.None of these
How can we see Vat Reports?
1. Gateway of Tally > Display > Statutory Reports
2.Gateway of Tally > Display > Statutory In
3. Gateway of Tally > Vat Reports
4.Gateway of Tally > Display
How many groups are pre-defined in Tally?
1.15
2.19
3.28
4.30
How many inbuilt Accounts group are in tally by default?
1.29
2.30
3.34
4.37
How many type of companies can be created in Tally?
1. 2
2.3
3.4
4.5
How many voucher types area readily available in Tally?
1.16
2.18
3.20
4.28
How to activate the tally audit feature in a company?
1.Press F12 key
2. In comp info-> security control-option
3.During the creation of a company
4.Press F11 key
Input Vat Ledger is created under which account?
1.Sales
2. Sales Return
3.Duties & Taxes
4.All of these
Party account can be created through
1. Inventory creation window
2. Group creation window
3. Ledger creation window
4.Any one of them
Service Tax Report can be seen from
1.Display > Account Books
2. Display > Statutory Reports
3. Display > Day Book
4. Display > Statutory Masters
Stock maintained for production purpose is called
1.Inventory
2. Trial balance
3.Payroll
4.Ledger
TDS is applied on which of the following incomes?
1.Salary Income (Contract)
2. Commission of lottery ticket
3.Professional Fee
4.All of these
The tax collected by the employer towards income of an employee is called
1. Value Added Tax (VAT)
2.Fringe Benefit Tax (FBT)
3.Tax Collected at Source (TCS)
4. Tax Deducted at Source (TDS)
The tax collected by the seller from the buyer is generally called
1.Value Added Tax (VAT)
2.Fringe Benefit Tax (FBT)
3.Tax Collected at Source (TCS)
4. Tax Deducted at Source (TDS)
To activate Job Costing which options require to be activated?
1.Maintain VAT
2. Maintain Cost Centre
3. Use Cost Centre for Job Costing
4.Both b and c
To change the date, shortcut used
1. F1
2.F2
3. Alt+F2
4. Alt+F3
To see the report of unconventional vouchers go to
1. Display- Trial Balance
2. Display- Exception Reports
3.Display- Account Books
4.Display- Day Book
To show the cheque number while reconciling Bank Accounts press
1.CTRL + F11
2.CTRL + F12
3.F11
4. F12
Total number of Ledgers, Groups, Entries etc. can be shown from
1. Accounts Information
2.Company Information
3. Tally Audit
4.Statistics
Transfer from Main Cash to petty Cash you require to pass _____ voucher.
1.Contra
2.Payment
3.Receipt
4.None of these
We can modify an existing Company from
1.Gateway of Tally > Modify Company
2. Company Info > Alter Company
3.Company Info > Alter
4. Both a and b
What percent of Additional Tax is applied if VAT in 12.5%?
1.1%
2. 1.5%
3.2.5%
4.4%
Which group [Under] is selected in Input VAT or Output VAT?
1. Sundry Creditors
2.Direct Expenses
3.Indirect Expenses
4. Duties & Taxes
Which menu appears after starting Tally for the first time?
1.Company Info
2. Gateway of Tally
3.Display
4. None of these
Which option is selected from Company Info Menu to divide company data into two financial years?
1. Split Company Data
2.Change Tally Vault
3.New Company
4.Alter
Which option is used to copy company’s data into pen drive or cd?
1.Restore
2.Backup
3.Copy data
4. Split company data
Which option is used to view list of Primary and Secondary groups in Tally?
1.Accounts
2.List
3. List of Accounts
4.None of these
Which shortcut key is used in ‘Company Features’ Screen to use Statutory & Taxation in Tally?
1.F1
2.F2
3.F3
4.F4
Which shortcut key is used to set No in ‘Use Common Ledger A/c for Item Allocation?’
1.F11
2.F12
3. Alt + F11
4.Alt + F12
Which shortcut key is used to shut opened company in Tally?
1.F1
2. F3
3.Alt+F1
4.Alt+F3
Which shortcut key(s) are used to display list of inventory reports within balance sheet?
1.F8
2. F9
3. F10
4. F11
__ is the shortcut to Attendance from Payroll Vouchers in Tally.
1.Ctrl+F4
2.Ctrl+F5
3.Alt+A
4.Alt+S
__ is the shortcut to change the accounting period from Gateway of Tally.
1.F1
2.Alt+F1
3.Alt+F2
4.Alt+F3
__ is the shortcut to debit note from Accounting Vouchers in Tally.
1. Alt+F1
2.Ctrl+F1
3.Ctrl+F8
4.Ctrl+F9
___ is a record of all monetary transactions.
1.Account
2.Asset
3.Accrual basis
4.Credit
___ is the shortcut to payroll as Voucher from Payroll Vouchers in Tally.
1. Alt+A
2. Alt+S
3.Ctrl+F4
4.Ctrl+F5
___ is the shortcut to purchase order from Payroll Vouchers in Tally.
1.Ctrl+F4
2.Alt+F4
3.Ctrl+F5
4.Alt+F5
_____ is the shortcut for purchase voucher in Tally.
1.F5
2.F9
3. Alt+F4
4.Alt+F5
_____ is the shortcut to post dated voucher from Accounting vouchers in Tally.
1.Alt+I
2.Ctrl+V
3.Ctrl+T
4.Ctrl+F10