Take Exam - Tally Account

Question 1: Which shortcut key is used to open a company

Alt+F3 Alt+F1 Alt+O Alt+C

Question 2: To view trial balance press

T from Gateway F10 F11 F12

Question 3: Drawings belongs to

Capital Current Liabilities Expense Current Assets

Question 4: Tally is a type of

Accounting Software Operating System Database Hardware

Question 5: Delivery Note is a

Inventory Voucher Accounting Voucher Payment Voucher None

Question 6: Tally supports how many types of vouchers by default

24 18 28 16

Question 7: Tally supports how many types of units

Simple and Compound One Complex Single

Question 8: Balance Sheet shows

Financial Position Income and Expense Cash Flow Ledger Summary

Question 9: Profit and Loss Account shows

Income and Expense Assets Liabilities Capital

Question 10: Which key is used to quit Tally

Ctrl+Q Alt+Q Esc Ctrl+Alt+Del

Question 11: Stock Category is used for

Grouping Similar Items Payroll Bank Reconciliation Ledger Analysis

Question 12: Purchase Order is a

Non Accounting Voucher Accounting Voucher Contra Voucher None

Question 13: Unit of Measure defines

Measurement of Stock Measurement of Cash Ledger Report

Question 14: Tally allows multiple

Companies Ledgers Groups All

Question 15: Tally supports both

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

Question 16: Default password protection in Tally is

Optional Mandatory Disabled Permanent

Question 17: Inventory Vouchers include

Delivery Note Receipt Note Purchase Order All

Question 18: Balance Sheet shows

Assets and Liabilities Income and Expense Cash Flow Trial Balance

Question 19: Depreciation belongs to

Indirect Expense Direct Expense Income Liability

Question 20: Outstanding Expenses are

Liabilities Assets Incomes Drawings

Question 21: Budgets help in

Controlling Expenses Managing Stock Managing Salary Data Entry

Question 22: Cash Account belongs to

Current Assets Fixed Assets Income Expense

Question 23: Opening stock appears in

Trading Account Profit and Loss Balance Sheet Journal

Question 24: Backup creates a copy in

Selected Drive Temp Folder Default Email

Question 25: F8 in Tally is used for

Sales Voucher Purchase Voucher Receipt Voucher Payment Voucher

Question 26: Gateway of Tally displays

Company Name Balance Sheet Inventory Reports

Question 27: Which option is used to restore backup data

Restore Backup Import Export

Question 28: To create cost centre go to

Accounts Info ? Cost Centres Inventory Info ? Stock Item Display ? Reports None

Question 29: Tally Vault is used for

Data Security Data Printing Data Entry Data Sharing

Question 30: TDS stands for

Tax Deducted at Source Total Data Source Tax Data Sheet Transfer Data Source

Tally Account

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