Tally ERP MCQ Questions and Answers Quiz

111. The shortcut used to activate calculator is

  1. Ctrl + N
  2. Ctrl + M
  3. Ctrl + A
  4. Ctrl + B

112. Suspense Account Group is defined under

  1. Income
  2. Expenditure
  3. Liabilities
  4. Assets

113. To activate MRP feature from Gateway of Tally initially we need to press

  1. F11
  2. F12
  3. F10
  4. Alt + F1

114. MRP formula for inclusive of vat is

  1. {Vat %*( MRP * QTY)}/100
  2. (100*rate of vat)/(100+rateof vat)
  3. Both a & b
  4. None of these

115. Manufacturing Journal creates based on

  1. Journal
  2. Receipt Note
  3. Stock Journal
  4. Purchase Quotation

116. To create Manufacturing Journal which option must be activated

  1. Use Common Narration
  2. Narrations for each entry
  3. Prefilled with Zero
  4. Use as manufacturing Journal

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

  1. 2
  2. 3
  3. 5
  4. Unlimited

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

  1. Maintain Cost Centre
  2. Use Cost Centre for Job Costing
  3. Both a & b
  4. None of these

119. Multiple Godowns are activated from

  1. F11
  2. F11 > F1
  3. F11 > F2
  4. F11 > F3

120. In Tally, there are _________ predefined ledgers

  1. One
  2. Three
  3. Two
  4. Four
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