Tally ERP Questions and Answers in Quiz Form 11 for Practice

151. in general the financial year from shall be from

1. 1st April of any year
2. 31st March of any year
3. All of them are true
4. None of these

152. We can modify an existing Company from

1. Company Info > Alter
2. Company Info > Alter Company
3. Gateway of Tally > Modify Company
4. None of these

153. To change Current Date from Gateway of Tally press the key

1. F1
2. F5
3. F2
4. F9

154. Party account can be created through

1. Group creation window
2. Ledger creation window
3. Inventory creation window
4. Any one of them

155. A ledger may get declaration space for its Alias through

1. F12
2. F11
3. Alt + F1
4. Alt + F2

156. F12 is known as

1. Company Features
2. Company Configuration
3. Accounting Features
4. None of these

157. What is the utility of Tally Vault Password?

1. It will lock the period of Company
2. It will lock all voucher entries for that Company
3. It will not show the Company Name in the Company Select List.
4. None of these

158. We can show Bill wise details of Debtors and Creditors by activating

1. Bill by bill
2. Maintain Bill wise Details
3. Maintain References
4. None of these

159. The shortcut key to quit from Tally is

1. Ctrl + L
2. Ctrl + P
3. Ctrl + M
4. Ctrl+Q

160. How many inbuilt Accounts group are in tally by default?

1. 29
2. 31
3. 25
4. 34

161. The shortcut used to activate calculator is

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

162. Suspense Account Group is defined under

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

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

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

164. 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

165. Manufacturing Journal creates based on

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