is the shortcut to vouchers as invoice from Accounting Vouchers in Tally.
1.Alt+I
2. Ctrl+V
3.Ctrl+F10
4. F10
A ‘credit note’ is sent by _____ to _____
1. Customer, seller
2.Buyer, seller
3.Creditor, seller
4.Seller, buyer
Amount payable as TDS can be known by which report in Tally?
1.E-Return
2.Form-26
3.Computation
4. Print Form 16A
Financial year normally ends no?
1. 31 March
2.1 April
3. 30 April
4.31 December
For stock journal entry we press _____ in tally.
1.F7
2.F10
3.F11
4. Alt + F7
How can data be imported in tally?
1. Depends on number of companies
2.One company to another company created within Tally Package
3.Other programs - a spreadsheet or a database file.
4. Both B and C
How many types of users are present in tally?
1.1
2.2
3.3
4.4
In tally you get currency symbol option from _____ menu.
1.Company creation
2.Stock items units
3.Regional setting
4.None of the above
In taxation, FBT stands for
1.Fringe Benefit Tariff
2.Fringe Benefit Tax
3.Frame Benefit Tax
4.Fast Benefit Tax
In taxation, TDS stands for
1.Tariff Deduction at Source
2.Tax Deducted at Source
3. Tax Deducted at Station
4. Tax Deviation at Source
In taxation, VAT stands for
1.Value Approved Tax
2.Value Added Tax
3.Value Added Transaction
4. Value Assigned Tax
In which voucher type credit sales is recorded in Tally?
1. F5:Payment
2. F6:Receipt
3. F7:Journal
4. F8:Sales
In which voucher type, amount of VAT or TDS payable to the government will be noted?
1. F4:Contra
2.F5:Payment
3. F6:Receipt
4.F7:Journal
To save entry without any amount, we have to use
1.Allow O value entry
2.Use Rej. Notes
3.Maintain Multiple godown
4.Cost Center
VAT Structure is beneficial for whom?
1. Balance Sheet
2.Cash Flow or Funds Flow
3.Trader
4.Trial Balance
What is the predefined number of groups in tally?
1.16
2. 28
3.128
4.228
Where do we record cash sales in Tally?
1.Contra
2.Journal
3.Receipt
4.Payment
Which file in tally is used to record the import activity?
1.Tally.dat
2.Tally.imp
3.Tally.ini
4. None of the above
Which group [Under] should be selected for TDS on Professional or Technical Services A/C?
1.Indirect Expenses
2.Indirect Incomes
3.Duties & Taxes
4.None of these
Which ledger is created by Tally automatically as soon as we create a new company?
1.Capital A/c.
2. Profit & Loss A/c
3.Cash
4. B and C both
Which of the following shows daily balance for a selected voucher type?
1.Balance Sheet
2.Daybook
3. Trial Balance
4.None of the above
Which option is true for viewing Profit & Loss A/C in Gateway of Tally?
1.Gateway of Tally → Account Books → Profit & Loss A/C
2.Gateway of Tally → Display → Profit & Loss A/C
3.Gateway of Tally → Reports → Profit & Loss A/C
4. None of these
Which option is used to open company created in Tally?
1.Alter
2. Shut Company
3.Create Company
4.Select Company
Which option is used to view Stock Items or Group Summary?
1.Display
2.Statutory Books
3.Accounts Books
4.Inventory Books
Which reports are prepared monthly in Tally?
1.Profit & Loss A/C
2.Balance Sheet
3.Cash Flow of Funds Flow
4.Trial Balance
Which shortcut key is pressed for voucher entry or deleting a ledger?
1.Alt + D
2.Alt + A
3.Alt + C
4.Alt + X
Which shortcut key is pressed to display Part No. for automobile industries?
1.F6
2. F10
3. F11
4.F12
Which shortcut key is pressed to view features in tally?
1. Alt+11
2.F10
3.F11
4.F12
Which shortcut key is used to change current period in Tally?
1.Alt+F2
2.F2
3. F3
4.Alt+F3
Which shortcut key is used to enable Tax Deducted at Source [TDS]?
1.F9
2.F11
3. F12
4.Alt + F12
Which shortcut key is used to view Report with all details in Tally?
1.F1
2. F3
3. Alt + F1
4.Alt + F2
Which shortcut key(s) are used to enter a stock journal in tally?
1.Alt + F7
2.Control + F7
3.Shift + F7
4.F7
Which submenu is used to create new ledgers, groups and voucher types in Tally?
1.Accounting Vouchers
2.Account Info.
3.Inventory Vouchers
4.Inventory Info.
__ is the shortcut to company info from Gateway of Tally.
1.Alt+F1
2.Alt+F2
3. Alt+F3
4. F1
__ is the shortcut to credit note from Accounting Vouchers in Tally.
1.Ctrl+F1
2.Ctrl+F8
3.Ctrl+F9
4.Alt+F1
__ is the shortcut to journal from accounting vouchers in tally.
1.F7
2.F8
3. Alt+F1
4.Ctlr+F1
__ is the shortcut to set date in Tally.
1.F2
2.F4
3.F5
4.F6
___ denotes movable or immovable property and inventory.
1.Asset
2.Accrual basis
3.Credit
4.Debit
___ is the shortcut to create payment voucher in Tally.
1.F2
2.F4
3.F5
4.F6
____ is the shortcut to shut a company in Tally.
1.Alt+F1
2.Alt+F2
3. Alt+F3
4.F1
_____ considers incoming money to be instantly available and reduction of cash to occur only on the date of actual outflow of money (instead of the date of transaction).
1.Asset
2. Accrual basis
3.Credit
4.Debit
_____ denotes increase in money.
1.Debit
2.Credit
3.Asset
4.Accrual basis
_____ is the shortcut to create receipt voucher in Tally.
1.F2
2. F3
3.F4
4.F6
_____ is the shortcut to optional voucher from Accounting Vouchers in Tally.
1.Alt+I
2. Ctrl+V
3.Ctlr+L
4. Ctrl+T
_____ is the shortcut to Payroll Auto fill from Payroll Vouchers in Tally.
1.Alt+S
2. Alt+A
3. Ctrl+F4
4. Ctrl+F5
_____ is the shortcut to receipt note from Inventory Vouchers in Tally.
1.Alt+F6
2. Alt+F8
3. Alt+F9
4. Ctrl+F7