MCQ ON TALLY ACCOUNTING PAPER-COMPUTORISED ACCOUNTING SEMESTER-II

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  MCQ ON TALLY ACCOUNTING

PAPER-COMPUTORISED ACCOUNTING

SEMESTER-II



1. Tally Package is developed by ________.


a) Tally solutions      


b) Tally corporation              


c) Tally company      


d) Tata company


Ans. a


2. Financial Year period is ______.


a) 1 April to 31 March                      


b) 1 January to 31 December       


c) 1 june to 31 july                            


d) none of these


Ans. a


3. Tally is a _______ software.


(a) spreadsheet        


(b) accounting          


(c) publishing           


(d) animation


Ans. b


4. Tally supports _______ accounting types.


(a) cash          


(b) payroll      


(c) inventory              


(d) all of them


Ans. d


5. Tally can provide _______ to each company.


(a) password security          


(b) no security           


(c) barrier       


(d) wrapper


Ans. a


6. Tally can maintain ________ accounts.


(a) tax accounts        


(b) liabilities accounts         


(c) both a & b            


(d) none of them


Ans. c


7. Tally allows data entry in _______ language(s).


(a) only Tamil            


(b) only English        


(c) only Hindi                        


(d) many Indian/Asian


Ans. d


8. Tally generates________ report(s) automatically based on voucher/ journal entries.


(a) balance sheet                 


(b) stock report         


(c) profit & loss account      


(d) all of them


Ans. d


9. ______ is the shortcut to set date in Tally.


(a) F6              


(b) F5              


(c) F4              


(d) F2


Ans. d


10. _____is the shortcut to inventory buttons from Accounting Vouchers in Tally.


(a) Alt+F1       


(b) Ctrl+F1     


(c) F7              


(d) F8


Ans. a


11. _____ is the shortcut to company info from Gateway of Tally.


(a) F1              


(b) Alt+F1       


(c) Alt+F2       


(d) Alt+F3


Ans. d


12. _____ is the shortcut to change the language in Tally.


(a) Alt+ D       


(b) Alt+ Q       


(c) Alt+ P        


(d) Alt+ G


Ans. d


13. ______ is the shortcut to shut a company in Tally.


(a) F1              


(b) Alt+F1       


(c) Alt+F2       


(d) Alt+F3


Ans. b


 


14. ______ is the shortcut to change the accounting period from Gateway of Tally.


(a) F1              


(b) Alt+F1       


(c) Alt+F2       


(d) Alt+F3


Ans. c


 


15. ______ is the shortcut to export a report to different format in Tally.


(a) Alt+2         


(b) Alt+ A        


(c) Alt+ C       


(d) Alt+ E


Ans. d


16. POS stands for ______ in accounting/Tally.


(a) Purchase of Sale           


(b) Point of Safety               


(c) Purpose of Sale              


(d) Point of Sale


Ans. d


17. In taxation, TCS stands for_____.


(a) Tax Creation at Source             


(b) Tax Collected at Source


(c) Tax Combined at Source          


(d) Tariff Collected at Station


Ans. b


18. In taxation, VAT stands for_____.


(a) Value Assigned Tax                  


(b) Value Approved Tax


(c) Value Added Transaction         


(d) Value Added Tax


Ans. d


19. Who receives benefits without giving money immediately but liable to pay in future?


A Creditor      


B Debtor       


C Owner        


D Worker


Ans. b


20.What is the purpose of security feature in Tally?


A Provides budget option


B Provides option for data backup


C Provides option to upload reports


D Provides statement of accounts


Ans. c


21.Which budget is prepared for a very short period?


A Current budget     


B Long term budget            


C Rolling budget      


D Short term budget


Ans. a


22. ______ is the major source of revenue of any business.


a) Investment            


b) Advance                


c) Loan           


d) Sales


Ans. d


23. Full form of ODBC


a) Open data base connectivity                         


b) Open data base calculating


c) Open document basically                              


d) Order data base connection


Ans. a


 


24. Company restore option is available in ________.


a) Company reset    


b) New company      


c) company information      


d) Edit company


Ans. c


 


25. To change current Date from Gateway of tally press the key ____.


a) F1               


b) F2               


c) F3               


d) F4


Ans. b


 


26. Tally supports ________ system of accounting.


(a) single entry         


(b) double entry        


(c) no entry                


(d) null entry


Ans. b


 


27. Tally can maintain ________ for stock keeping, so that fresh inventory may arrive before the old stock is  exhausted.


(a) reorder level        


(b) profit         


(c) loss           


(d) cash


Ans. a


 


28. Balance sheet is produced ________when accounts are maintained in Tally.


(a) manually              


(b) automatically                   


(c) remotely               


(d) randomly


Ans. b


 


29. The statement of account debits, credits, assets and liabilities is called______.


(a) stock& inventory report             


(b) profit & loss account      


(c) balance sheet     


(d) cash balance


Ans. c


 


30. Pressing _______button in the Gateway of Tally opens company info in Tally.


(a) Alt+F3       


(b) F11           


(c) F5              


(d) F6


Ans. a


 


31. Pressing______ key opens accounting features.


(a) Alt+F3       


(b) F11           


(c) F5              


(d) F6


Ans. b


 


32. Payroll, budgeting and scenario management may be enabled through ______menu in Tally.


(a) Accounting Features     


(b) Inventory Features         


(c) Statutory and Taxation  


(d) none of them


Ans. a


 


33. Account Groups, Ledgers, Budget and scenario are available under ______ in Tally.


(a) Payroll Info          


(b) Inventory Info      


(c) Accounts Info      


(d) none of them


Ans. c


34. Inventory groups, (categories, if needed), items, units of measure, reorder level, inventory vouchers, etc. are available under _______in Tally.


(a) Payroll Info          


(b) Inventory Info      


(c) Accounts Info      


(d) none of them


Ans. b


 


35. Employee groups, employee, attendance/production types, pay heads,salary details, voucher types, etc. areavailable under in Tally.


(a) Payroll Info          


(b) Inventory Info      


(c) Accounts Info      


(d) none of them


Ans. a


 


36._____ is the shortcut to create contra voucher in Tally.


(a) F6              


(b) F5              


(c) F4              


(d) F2


Ans. c


 


37.______ is the shortcut to create payment voucher in Tally.


(a) F6              


(b) F5              


(c) F4              


(d) F2


Ans. b


 


38. _______ is the shortcut to create receipt voucher in Tally.


(a) F6              


(b) F5              


(c) F4              


(d) F2


Ans. a


 


39. ______ is the shortcut to configure a company in Tally.


(a) F6              


(b) F5              


(c) F4              


(d) F12


Ans. d

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