Take Exam - Tally Account

Question 1: Stock Valuation Methods include

FIFO LIFO Average Simple Perpetual One

Question 2: Purchase Account belongs to

Expense Income Asset Liability

Question 3: Machinery is

Fixed Asset Current Asset Liability Expense

Question 4: Stock Category is used for

Grouping Similar Items Payroll Bank Reconciliation Ledger Analysis

Question 5: Current Liabilities include

Creditors Debtors Furniture Stock

Question 6: Stock Group defines

Category of Items Ledger Type Voucher Type Account Type

Question 7: Shortcut to delete a voucher is

Alt+D Ctrl+D Shift+D Alt+Del

Question 8: Contra Voucher is used for

Cash and Bank Transactions Purchase Sales Expenses

Question 9: Shortcut key for Payment Voucher

F5 F4 F6 F7

Question 10: Tally Vault is used for

Data Security Data Printing Data Entry Data Sharing

Question 11: Shortcut to create a new ledger in voucher entry screen

Alt+C Alt+N Alt+F1 Ctrl+C

Question 12: Data synchronization is used for

Transferring Data Printing Formatting Backup

Question 13: Alt+F5 is used for

Detailed Mode Condensed Mode Date Change Report

Question 14: Current Assets include

Debtors Furniture Machinery Building

Question 15: To close all open reports press

Esc Ctrl+Q Alt+Q F1

Question 16: Credit sale is recorded in

Sales Voucher Purchase Voucher Receipt Payment

Question 17: To display account books press

Display ? Account Books Accounts Info ? Ledger Gateway ? Features None

Question 18: Gateway of Tally displays

Company Name Balance Sheet Inventory Reports

Question 19: To activate Tally Audit feature

F11 F12 Alt+F3 Ctrl+F3

Question 20: Which shortcut key is used to create a company

Alt+F3 Alt+F1 Alt+C Alt+N

Question 21: Which menu is used to create ledgers

Accounts Info Display Reports Inventory Info

Question 22: Fixed Assets include

Furniture Creditors Cash Capital

Question 23: Opening stock appears in

Trading Account Profit and Loss Balance Sheet Journal

Question 24: Tally supports both

Single and Multiple Users One User Only Web Users Only Limited Users

Question 25: Alt+F1 is used to

View Details Hide Details Exit Print

Question 26: Tally allows multiple

Companies Ledgers Groups All

Question 27: Cost Centre can be enabled in

F11 Features F12 Configurations Gateway None

Question 28: To quit company press

Alt+F1 Alt+F3 Ctrl+Q Esc

Question 29: Tally data files have extension

0.9 .xml .dat .tly

Question 30: Inventory Vouchers include

Delivery Note Receipt Note Purchase Order All

Tally Account

Your Information