Tally ERP MCQs Quiz Multiple Choice Questions & Answers Page 2

51. Tally package is developed by

1. Tally Solutions
2. Coral Softwares
3. Vedika Softwares
4. Peutronics

52. How many type of companies can be created in Tally?

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

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

1. Company Info
2. Display
3. None of these
4. Gateway of Tally

54. Which shortcut key is pressed to go to company Info.Menu from Gateway of Tally?

1. Alt+f2
2. Alt+F1
3. Alt+F3
4. Alt+F4

55. Which key is pressed to go to Gateway of Tally from company Info.Menu?

1. Alt
2. Esc
3. Enter
4. Ctrl

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

1. Shut Company
2. Alter
3. None of these
4. Select Company

57. Which option from Company Info menu is selected to create a new Company in Tally?

1. Create Company
2. Create
3. New Company
4. Company Create

58. Which option is selected from Company Info Menu to divide company data into two financial years?

1. Alter
2. Split Company Data
3. New Company
4. Change Tally Vault

59. Which option is used to copy companys data into pen drive or CD?

1. Restore
2. Split Company Data
3. Copy Data
4. Backup

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

1. Restore
2. Split Company Data
3. None of these
4. Backup

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

1. Alter
2. Select Company
3. Shut Company
4. Create Company

62. Which option is used in Tally to close opened Company?

1. Shut Company
2. Create Company
3. Select Company
4. Alter

63. Which shortcut key is used to take print of any report in Tally?

1. Shift+P
2. Alt+P
3. Alt+Ctrl+P
4. Ctrl+P

64. Which shortcut key is used to export data of any company in Microsoft Excel spreadsheet or in any other company?

1. Alt+E
2. Alt+O
3. Alt+S
4. Alt+P

65. Which shortcut key is used for Select Company in Tally?

1. Alt+F1
2. F3
3. Alt+F3
4. F1

66. Which shortcut key is used to shut opened company in Tally?

1. Alt+F1
2. F3
3. Alt+F3
4. F1

67. Which shortcut key is used to change current period in Tally?

1. Alt+F2
2. F3
3. Alt+F3
4. F2

68. Which option is used to move from one company to another when more than one companiesare open?

1. Shut Company
2. Select Company
3. Company
4. Company Info.

69. Which Shortcut key is pressed to create a new company in Tally?

1. Alt+F3
2. F2
3. Alt+F2
4. F3

70. Which Shortcut key is pressed to view features in Tally?

1. F11
2. Alt+11
3. F12
4. F10

71. Which shortcut key is used to view configure in Tally?

1. F11
2. F12
3. Alt+F9
4. F10

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

1. Import
2. Transactions
3. Masters
4. Reports

73. Which submenu is used to create new ledgers, groups and voucher types in Tally?

1. Inventory Info.
2. Accounting Vouchers
3. Inventory Vouchers
4. Account Info.

74. With how many types ledger, group and voucher types can be created in Tally?

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

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

1. Account Vouchers
2. Accounts Info.
3. None of these
4. Vouchers

76. Which option is used to exit Tally?

1. Close
2. Quit
3. Shut Company
4. Exit

77. Salary Account comes under which head?

1. Indirect Expenses
2. Direct Incomes
3. Direct Expenses
4. Indirect Incomes

78. How many groups are pre-defined in Tally?

1. 30
2. 15
3. 19
4. 28

79. How many primary groups are there in Tally?

1. 28
2. 15
3. 20
4. 19

80. How many secondary groups are there in Tally?

1. 13
2. 28
3. 3
4. 15

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

1. Accounts
2. List
3. None of these
4. List of Accounts

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

1. Profit & Loss A/c.
2. Capital A/c.
3. A and B both
4. Cash

83. Which option is used to make changes in created Groups of Ledgers in Tally?

1. Display
2. Alter
3. Change
4. Create

84. How many voucher types area readily available in Tally?

1. 16
2. 20
3. 28
4. 18

85. How many voucher types are provided in Tally to record transactions?

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

86. Which key is pressed to post entries in double entry accounting system instead of single entry system in Tally.ERP9?

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

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

1. Payment
2. Receipt
3. Post-Dated
4. Contra

88. Rs.10, 000 withdrawn from State Bank. In which voucher type this transaction will berecorded?

1. Receipt
2. Contra
3. Post-Dated
4. Payment

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

1. Journal
2. Receipt
3. Payment
4. Contra

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

1. Payment
2. Receipt
3. Journal
4. Contra

91. Where do we record cash sales in Tally?

1. Receipt
2. Payment
3. Journal
4. Contra

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

1. Payment
2. Receipt
3. Journal
4. Purchase

93. Where do we record purchase return, sales return, depreciation, bad debts etc.in Tlly?

1. Payment
2. Contra
3. Receipt
4. Journal

94. Where do we record all type of adjustment entry in Tally?

1. F6:Receipt
2. F7:Journal
3. F4:Contra
4. F5:Payment

95. Which shortcut key is pressed and then yes is given in Use Debit/Credit Noted to postentry in Credit Note and Debit Note in Tally?

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

96. In which voucher type credit purchase entry is posted in Tally?

1. F7:Journal
2. F9:Purchase
3. F6:Receipt
4. F5:Payment

97. In which voucher type credit sales is recorded in Tally?

1. F6:Receipt
2. F7:Journal
3. F8:Sales
4. F5:Payment

98. Which shortcut key is used in Company Features screen to use Accounting Features in Tally?

1. F2
2. F3
3. F4
4. F1

99. Which shortcut key is used in Company Features screen to use Inventory Features in Tally?

1. F2
2. F3
3. F4
4. F1

100. Which shortcut key is used in Company Features Screen to use Statutory & Taxation inTally?

1. F4
2. F2
3. F1
4. F3