Deck 2: Tally Accounting Software Operations and Functions

Question 1

Where do we record cash sales in Tally

A)Contra
B)Receipt
C)Payment
D)Journal

Answer 1

Receipt

Question 2

Where do we record credit purchase of furniture in Tally

A)Purchase
B)Payment
C)Receipt
D)Journal

Answer 2

Journal

Question 3

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

A)Journal
B)Payment
C)Contra
D)Receipt

Answer 3

Journal

Question 4

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

Question 5

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

A)3
B)2
C)5
D)4

Question 6

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

A)Lts
B)Nos
C)Kgs
D)Box

Question 7

Which option is used to view Trial Balance from Gateway of Tally

A)Gateway of Tally> Reports > Trial Balance
B)Gateway of Tally> Trial Balance
C)Gateway of Tally> Reports >Display > Trial Balance
D)None of these

Question 8

Which option is true for viewing Profit & Loss A/C in Gateway of Tally

A)Gateway of Tally> Reports > Profit & Loss A/C
B)Gateway of Tally>Display > Profit & Loss A/C
C)Gateway of Tally> Account Books > Profit & Loss A/C
D)None of these

Question 9

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

A)Norma Mode
B)Item Invoice Mode
C)Particulars Mode
D)None of these

Question 10

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

Question 11

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

Question 12

Which reports are prepared monthly in Tally

A)Profit & Loss A/C
B)Balance Sheet
C)Trial Balance
D)Cash Flow of Funds Flow

Question 13

By which option Purchase or Sales register can be viewed

A)Statutory Books
B)Inventory Books
C)Accounts Books
D)Display

Question 14

Which option is used to view Stock Items or Group Summary

A)Accounts Books
B)Inventory Books
C)Statutory Books
D)Display

Question 15

We can change the Company Information from

A)A Company Info > Back up
B)Company Info > Alter
C)Company Info > Split Company Data
D)None of these

Question 16

Company Restore option is available in

A)Company Features
B)Company Information
C)Configuration
D)None of these

Question 17

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

Question 18

Party account can be created through

A)Group creation window
B)Ledger creation window
C)Inventory creation window
D)Any one of them

Question 19

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

Question 20

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

Question 21

How many inbuilt Accounts group are in tally by default

A)29
B)31
C)25
D)34

Question 22

Suspense Account Group is defined under

A)Income
B)Expenditure
C)Liabilities
D)Assets

Question 23

Manufacturing Journal creates based on

A)Journal
B)Receipt Note
C)Stock Journal
D)Purchase Quotation

Question 24

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

Question 25

How many types of Measurement Units we can create in Tally

A)2
B)3
C)5
D)Unlimited